Spot Gold Soars To All Time High Of $1678.5

Tyler Durden's picture

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konputa's picture

$1700 by Friday afternoon?

Cash_is_Trash's picture

I say 1,720.

That porridge isn't too hot nor too cold, it's juuuust right.

konputa's picture

I'll take a picture and frame it when it hits $1913.

eigenvalue's picture

Why $1913? You were born then?

flacon's picture

1913 was the year that America sold itself into debt servitude and traded it's soverignty for some lollypops and candy.

trav7777's picture

major, major currency moves...overnight, the zenz wuz off 3+% against the dollarz.  This isn't just a US thing...every currency regime is trying to outprint the compound interest function that implodes currency base when the economics world gets turned upside down by failure to grow debt.

FidelityBoy's picture

QE3 (or Global QE) Coming Soon ... Gold & Silver to the Moon!

FranSix's picture

Yes, but he was a very nice man.

Manthong's picture

But $ 1933.00 will be eventful as well..   20.00 - to 1,933.00 dollars in less than 80 years. 

lieutenantjohnchard's picture

actually the american people of 1913 had nothing to do with the federal reserve act. it stemmed from the rich man's panic of 1907, and the act was something the banksters had been trying to get rammed through for years in secret, and they did on christmas eve 1913. cheers.

Gavrikon's picture

Why so many thumbs down?  I thought that was sort of humerous.  In any case, I expect it to go way higher than even my 4-year-old's birthday!

jus_lite_reading's picture

I WANT TO SEE GOLD AT $1776 for symbolism!!!!!!!!!!

Then it can go to $5000 then $400000 then $16.389 TRILLION per ounce!!!! 

 

END THIS FAKE ECONOMY NOW!!

narapoiddyslexia's picture

I would like to thank ZH and all the posters for getting me involved in first silver and then gold, starting in the Spring of last year. I remember it well, my first purchase of ASE's, at $19 each, plus a little change. Then I bought SLV in equal amounts, and later sold the SLV and paid for all my physical silver. Now I'm doing the same thing with gold. Screw the Department of Truth!

God, those were the days, weren't they. It makes me feel nostalgic. It seems like so long ago, last Spring. Looking back, I can see that next Spring will be a different world yet again. Fasten your seat belts. There may be turbulence.

KIPPY KAPPSLOCK's picture

I would like to thank ZH as well.  I received a rare and coveted lifetime ban from the kitco gold forums in 2009 or there abouts.  I was bummed after being a member there for a couple of years and learning a great deal about buying and holding gold and silver.  I refused to read their boards any longer, which I have not to this day.  I swore off posting for what seems like forever.   ZH has been very liberating.

I tell friends and others that ZH is the most important site on the internet stupid highway.  I believe this is true.

 

Now I should donate.  Or can I send a silver round instead?

 

Thanks ZH.

KIPPY.  

 

A Nanny Moose's picture

We are past turbelence. Oxygen masks are down. May as well assume the postition

Long-John-Silver's picture

Will the Guillotines come out when Gold prints @ $1781?

midtowng's picture

It was actually 1793, but I like your thinking. ;-)

DosZap's picture

$1700 by Friday afternoon?

Or, by close?

Iriestx's picture

$1950 here we come.

vitoox's picture

$2011 by 2011 Jan 1st.

GeneMarchbanks's picture

You're confused. However I admire your enthusiasm;)

Cash_is_Trash's picture

Yep, his estimate is too low.

But but the best things in life are free!! (Snarkasm)

problemfixr's picture

Sorry for the reality check, but that ship already sailed.  $2012 by Jan 1st 2012?

vitoox's picture

Hence, not big advance through the 2011 then :(

Abitdodgie's picture

Will people please stop saying that the price of gold has gone up ,it has not, it is the dollar that has gone down .

TradingJoe's picture

"Fall of the Machines" :-(|)

tocointhephrase's picture

$50000 by the time the toner runs out

jus_lite_reading's picture

The toner can never run out when youre printing DIGITAL DOLLARS!! :)

Long-John-Silver's picture

You can run out of room for all those 1's and 0's on the hard drives.

Gavrikon's picture

I wonder if they are working on a new datatype for dollar values in databases.  Maybe something like a terabit wide?

dwdollar's picture

So when is the scheduled QE3 rumor today?

DaddyO's picture

 

The EE will push back hard by Friday, 1635 close with an explosive sunday open. 1700 will be a difficult threshold, but will be breached soon.

DaddyO

Gavrikon's picture

Don't think it'll happen that way, but it would work for me!

Hulk's picture

Get it while you can Bitchez, the world has spoken...

LoneStarHog's picture

Shhhhh...Don't tell Karl "Kool-Aid" Douchenger...He is still sleeping on his lumpy mattress filled with FRNs waiting to buy everything at the "bottom" of the "deflationary spiral"...Shhhhh...Let him sleep.

Archimedes's picture

Yeah,

I gotta say I read his blog and sometimes he is spot on and other times he is like a raven lunatic. But he believes that Bernanke Won’t keep printing. Strange......

trav7777's picture

he thinks that printing destroys the power of the FRN.

What he doesn't want to accept (due to the ethnicity of one of his main acolytes) is an analysis of Weimar, where the confettiers came out the other side of the hyperinflation owning all of Germany.  In fact, reversing this outcome was one of the main thrusts behind the german nationalist movement spearheaded by a guy named Adolf and his enactment of prohibition of ownership of various assets by members of a particular clan (same clan as the confettiers).

goldm3mb3r's picture

Where is MathMan?

 

Bastiat's picture

<=== Sucking his thumb and stroking his nose.

<=== Puking under a bridge

Sudden Debt's picture

It's because Obama has ordered the building of a golden calf that's about 40 meters high.

Location will be that island where that greenish statue is located in New York.

And as that consumes rather a lot of gold... the goldprice goes up.

HOLLY WALLSTREET!

Our President on Wallstreet.

Shallowed be Your Name.

Your Empire crumbles.

Your will be done on earth as it is in heaven.

Give us today our daily popcorn.

Forgive us our debts,

as we also have mocked our debtors.

And lead us not into temptation*,

but deliver us more evil.

(for Yours is the Empire and the power and the glory of Totalitarisme. Amen )

jus_lite_reading's picture

NOW THAT IS FUNNY!!! +16 TRILLION

nonclaim's picture

Extra point for a jewish jab on an iconoclast muslim moor.

Infinite QE's picture

I heard it was a solid gold statue of Hank Paulson that was being made to be installed in the lobby of the GS building.

flacon's picture

Rub his bald head for good luck.

whopper's picture

Yea.....Where is Math Man.  I forgot about that douche bag. 

CosmicBuddha's picture

If you love gold then you must love Bernanke and the Fed, Trichet and the ECB, the EUSSR as a whole, and most especially the doyen of all things fiscally incontinent: Lord Keynes himself!