Spot Gold Soars To All Time High Of $1678.5

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Thu, 08/04/2011 - 09:09 | 1523390 konputa
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$1700 by Friday afternoon?

Thu, 08/04/2011 - 09:11 | 1523403 eigenvalue
eigenvalue's picture

How about $1800? ;)

Thu, 08/04/2011 - 09:21 | 1523458 Cash_is_Trash
Cash_is_Trash's picture

I say 1,720.

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

Thu, 08/04/2011 - 09:24 | 1523479 konputa
konputa's picture

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

Thu, 08/04/2011 - 09:26 | 1523494 eigenvalue
eigenvalue's picture

Why $1913? You were born then?

Thu, 08/04/2011 - 09:33 | 1523533 flacon
flacon's picture

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

Thu, 08/04/2011 - 09:40 | 1523557 trav7777
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.

Thu, 08/04/2011 - 11:07 | 1523848 FidelityBoy
FidelityBoy's picture

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

Thu, 08/04/2011 - 09:41 | 1523562 FranSix
FranSix's picture

Yes, but he was a very nice man.

Thu, 08/04/2011 - 09:44 | 1523571 Manthong
Manthong's picture

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

Thu, 08/04/2011 - 09:45 | 1523577 lieutenantjohnchard
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.

Fri, 08/05/2011 - 02:31 | 1525849 Gavrikon
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!

Thu, 08/04/2011 - 09:26 | 1523495 packman
packman's picture

:)

 

Thu, 08/04/2011 - 09:15 | 1523433 jus_lite_reading
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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!!

Thu, 08/04/2011 - 09:28 | 1523501 narapoiddyslexia
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.

Thu, 08/04/2011 - 10:07 | 1523683 KIPPY KAPPSLOCK
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.  

 

Thu, 08/04/2011 - 11:58 | 1524044 A Nanny Moose
A Nanny Moose's picture

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

Thu, 08/04/2011 - 09:28 | 1523504 Long-John-Silver
Long-John-Silver's picture

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

Thu, 08/04/2011 - 09:40 | 1523558 midtowng
midtowng's picture

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

Thu, 08/04/2011 - 10:26 | 1523740 DosZap
DosZap's picture

$1700 by Friday afternoon?

Or, by close?

Thu, 08/04/2011 - 09:09 | 1523392 tocointhephrase
tocointhephrase's picture

Bring it on!

 

Thu, 08/04/2011 - 09:10 | 1523395 Iriestx
Iriestx's picture

$1950 here we come.

Thu, 08/04/2011 - 09:10 | 1523397 vitoox
vitoox's picture

$2011 by 2011 Jan 1st.

Thu, 08/04/2011 - 09:13 | 1523416 GeneMarchbanks
GeneMarchbanks's picture

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

Thu, 08/04/2011 - 09:23 | 1523470 Cash_is_Trash
Cash_is_Trash's picture

Yep, his estimate is too low.

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

Thu, 08/04/2011 - 09:32 | 1523530 problemfixr
problemfixr's picture

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

Thu, 08/04/2011 - 09:51 | 1523612 vitoox
vitoox's picture

Hence, not big advance through the 2011 then :(

Thu, 08/04/2011 - 09:59 | 1523645 Abitdodgie
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 .

Thu, 08/04/2011 - 09:11 | 1523405 TradingJoe
TradingJoe's picture

"Fall of the Machines" :-(|)

Thu, 08/04/2011 - 09:12 | 1523408 tocointhephrase
tocointhephrase's picture

$50000 by the time the toner runs out

Thu, 08/04/2011 - 09:19 | 1523444 jus_lite_reading
jus_lite_reading's picture

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

Thu, 08/04/2011 - 09:31 | 1523524 Long-John-Silver
Long-John-Silver's picture

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

Fri, 08/05/2011 - 02:35 | 1525854 Gavrikon
Gavrikon's picture

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

Thu, 08/04/2011 - 09:13 | 1523411 dwdollar
dwdollar's picture

So when is the scheduled QE3 rumor today?

Thu, 08/04/2011 - 09:13 | 1523413 DaddyO
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

Fri, 08/05/2011 - 02:35 | 1525858 Gavrikon
Gavrikon's picture

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

Thu, 08/04/2011 - 09:13 | 1523417 Hulk
Hulk's picture

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

Thu, 08/04/2011 - 09:14 | 1523419 Highrev
Highrev's picture

Top Tickin'?

Thu, 08/04/2011 - 09:14 | 1523423 LoneStarHog
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.

Thu, 08/04/2011 - 09:25 | 1523482 Archimedes
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......

Thu, 08/04/2011 - 09:48 | 1523594 trav7777
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).

Thu, 08/04/2011 - 09:15 | 1523430 goldm3mb3r
goldm3mb3r's picture

Where is MathMan?

 

Thu, 08/04/2011 - 09:54 | 1523622 Bastiat
Bastiat's picture

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

<=== Puking under a bridge

Thu, 08/04/2011 - 09:19 | 1523434 Sudden Debt
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 )

Thu, 08/04/2011 - 09:20 | 1523449 jus_lite_reading
jus_lite_reading's picture

NOW THAT IS FUNNY!!! +16 TRILLION

Thu, 08/04/2011 - 09:31 | 1523520 nonclaim
nonclaim's picture

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

Thu, 08/04/2011 - 09:31 | 1523522 Infinite QE
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.

Thu, 08/04/2011 - 09:40 | 1523555 flacon
flacon's picture

Rub his bald head for good luck.

Thu, 08/04/2011 - 09:18 | 1523438 whopper
whopper's picture

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

Thu, 08/04/2011 - 09:18 | 1523440 CosmicBuddha
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!

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