Gold prices.. Holy carp!

[Rich]

I read that gold traded for over $1000 per ounce yesterday, the highest price in history. It blows my mind, as I grew up when gold was pretty much stable at $32 per ounce. The prediction is that it will head upward to $1250 (short term), and speculation of future prices reaching $2k-$5k.. WTF?!!

I'm certainly no expert, but what (if anything) can be done about this? If the dollar keeps falling, it will eventually be worth nothing..

[joseywales]

I'm ready to sell all of my gold jewelry! Years ago I worked at a company that used gold for plating electrical contacts. At that time is was at an all time high of around $850.00 an ounce. Never thought I'd see that level again.

I don't know what to think, say or do. Sometimes I feel that things are really going down the tubes in good old U.S.A. It gets depressing. I comfort myself by buying more guitars. :-)

[martyb1]

Wish I had a few pounds in the closet

[Rich]

I'm with you.. I'm ready to get a metal detector and go to the beach!