Gold Doom

Boy, it’s been getting whumped the past few days. After getting over $1900 in late August it’s traded down to $1560 this morning.

Maybe some folks are realizing that if the SHTF you can’t eat it, and you can’t carry it around with you.

But it does have some lovely decorative uses, I’ll grant you.

6 Responses to “Gold Doom”

1. JeffS says:

   September 26, 2011 at 9:08 am

   Some details on the gold drop here:

   “Gold, usually a safety play, was sold into the maelstrom as investors raised cash.”

   Not. Good.

2. JeffS says:

   September 26, 2011 at 9:09 am

   PS:

   Gold is very useful in electronics, as well!

3. tree hugging sister says:

   September 26, 2011 at 9:43 am

   As my dear friend, and part time employer, Downtown Don always says (in grating G. Gordon Liddy voice) every time a gold investment commercial comes on the air:

   “Buy gold NOW! Get in while the price is HIGHER THAN a GIRAFFE’S BALLS!!! You’ll be GLAD YOU DID!!”

4. Yojimbo says:

   September 26, 2011 at 12:43 pm

   How many ounces to the Pussy Galore’s Flying Circus?

   Just asking the important questions so you don’t have to.

5. Gary from Jersey says:

   September 26, 2011 at 2:33 pm

   That’s an awful lot of pricey metal to move in such a short time. Wazzup?

6. Larry says:

   September 27, 2011 at 1:15 am

   These days when things go sideways it’s probably best to be heavily invested in lead.