The Cellar - View Single Post

10-23-2004, 01:09 PM

As an aside, I've noticed that the price of gold is the highest it's been in 10 years. In a very general sort of way, the price of gold increases as people begin to feel anxious about the general economic/ political outlook. I realize that gold bugs often tend to be on the wonked out side, but it is an interesting correlation that seems to prove true more often than not. My ex-step father was a gold bug which was what got me interested in the whole thing. He was descended from a family of Armenian Jews who fled all the way across Russia to end up in LA around 1915 or so. They made their escape by means of the proverbial gold coins stashed away in their belongings. When I got my small windfall earlier this year, I bought 8 gold American Eagles to help pay my future rent. At the time I bought them gold was going for $385.00/oz; now its at $424.00.

10-23-2004, 01:09 PM	#8
marichiko Guest Posts: n/a	As an aside, I've noticed that the price of gold is the highest it's been in 10 years. In a very general sort of way, the price of gold increases as people begin to feel anxious about the general economic/ political outlook. I realize that gold bugs often tend to be on the wonked out side, but it is an interesting correlation that seems to prove true more often than not. My ex-step father was a gold bug which was what got me interested in the whole thing. He was descended from a family of Armenian Jews who fled all the way across Russia to end up in LA around 1915 or so. They made their escape by means of the proverbial gold coins stashed away in their belongings. When I got my small windfall earlier this year, I bought 8 gold American Eagles to help pay my future rent. At the time I bought them gold was going for $385.00/oz; now its at $424.00. Last edited by marichiko; 10-23-2004 at 01:12 PM.