Gold

[Dan Mezick]

Time to attune attention to this market.

Fevered reports of a NY close over $500 (highest since 1980's) coming soon, to a TV near you.

[dandy_don]

Which gold stocks do you guys own? I have 1000 shares of AUY (Yamana Gold, Inc.)--any comments? I jumped in @ $5.02/share; closed today @ $5.48.

[Girchuck]

GLD

[Warren Whitmore]

Please read
Storage and stability
&
World commodities and world currencies

both by Benjamin Graham, you will never again look at gold the same way.

[DesertCat]

[ QUOTE ]
"It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

[/ QUOTE ]

Warren Buffett, 1998

[Dan Mezick]

Do your self a favor and just hold on to it. Dont trade it, it's a good holding. Consider adding/broadening out via the gold ETF (GLD) or a gold mutual like Fidelity Select GOld (FSAGX) or Toqueville Gold.

This action has all the earmarks of a huge multi-month move from the recent $500 milestone close.

[Dan Mezick]

Look at your dates for this statement. He later became a HUGE silver investor. Market realities change; ditto for informed opinions and sentiment. The best are quick to change beliefs quickly in the face of new realities.

Buffett is one such.

UNDERSTANDING BUFFETT'S SILVER PLAY
http://www.gold-eagle.com/gold_diges...use020998.html

[Evan]

[ QUOTE ]
Look at your dates for this statement. He later became a HUGE silver investor. Market realities change; ditto for informed opinions and sentiment. The best are quick to change beliefs quickly in the face of new realities.

Buffett is one such.

UNDERSTANDING BUFFETT'S SILVER PLAY
http://www.gold-eagle.com/gold_diges...use020998.html

[/ QUOTE ]
Silver is a key input to film. When silver prices went up it really hit companies like Kodak hard. Silver has utility which creates tangible value. Other than jewelry I don't think much is made with gold, though I may be wrong.

If that's what your link said, I'm sorry for being repetative.

[buffett]

[ QUOTE ]
all the earmarks of a huge multi-month move from the recent $500 milestone

[/ QUOTE ]
I'm not saying you're wrong, but it's interesting that you're saying this when it's at a 24.5-year high.

At what spot price would you recommend him to sell his holding?

gold up another 5 this morning