Now Above $1280

http://www.businessinsider.com/gold-surges...ove-1280-2010-9

I have a couple of very old pure gold coins that I received in an inheritance a few years ago. I have no use for them since they're just sitting around in a drawer. Wonder if I should cash them in. laugh.gif

 

How many grams do the coins weigh?

 

Yes, sell now. Gold is high. Soon all the unemployed will cash in their gold to live and there will be more supply then demand. I think CNEX will do well as well as all the other gold companies right now.

 

Gold is heavily related to the economic conditions, more so than supply and demand I believe. But, I don't think it's going to go much higher. If you're going to cash out, I agree with DTN, now is the time.
"Gold prices historically rise when faith in paper currencies erodes"

Written on 3/3/09 when gold dipped to $940 (okay, quite some time ago, but still)
http://articles.moneycentral.msn.com/learn...eep-rising.aspx

 

Gold is going up because we are going to double-dip.

 

truestory.gif Some of my 401(k) funds are at their highest ever, which sort of makes me nervous. I've considered throwing them into a stable fund for the next dip.

 

The fun part is equities could just slide sideways for a year, at their current overvalued levels. It's a tough call.

 

Economy \/ -- Gold /\ --- time to reevaluate my portfolio choices before the next bottom out


http://articles.moneycentral.msn.com/Inves...;_blg=1,1807056

Stocks fall as investors buy gold
Gold prices soar as investors seek safety amid deflation concerns. The dollar loses value. Adobe shares sink on a lowered forecast. Microsoft boosts its dividend.

By Melinda Peer, TheStreet

Updated at 10:44 a.m. ET

Stocks were falling as investors sought safety in gold a day after Federal Reserve policymakers said they would take further steps to bolster the economy if needed.

At 10:44 a.m. ET, the Dow Jones Industrial Average ($INDU) was down by 15 points, or 0.1%, at 10,746. The S&P 500 ($INX) was down by 4.2 points, or 0.4%, at 1,136. The Nasdaq ($COMPX) was losing 16 points, or 0.7%, at 2,333.

Gold prices hit a record high as investors bought safe-haven assets amid deflation concerns. The December contract, the most actively traded gold future, was soaring $22.30 at $1,296.60 an ounce.

The benchmark 10-year Treasury note also rallied, rising 5/32, diluting the yield to 2.56%.

A weaker U.S. dollar, which was down more than 1% according to the dollar index, was giving some support to crude oil prices. The November delivery contract was adding 81 cents to $75.78 a barrel ahead of Wednesday's inventory report.

In government news, President Barack Obama's top economic adviser, Larry Summers, will leave his post as director of the National Economic Council at the end of the year. He will return to Harvard University.

In company news, Microsoft (MSFT) increased its quarterly dividend by 23% and said its board authorized it to issue up to $6 billion in additional debt. Microsoft shares were down 1.6% at $24.76.

 

Gold is over $1,500 per Troy Ounce.



I have a gold chain I wear every day. It weighs 37grams. At 14k gold, if melted and given the $1,500 per Troy ounce value, it would be worth over $1,000. I bought it 10 years ago for $350 in a going-out-of-biznazz sale at a local jewelry store.



I'm highly considering it. I'd probably get over $500 at a local gold store. Not sure where my best deal would be.



fyi... 14k gold is about 58.5% gold. So, for my chain that's 37g * .585 (14k) = 21.645g of gold.

There are 31.1g in a Troy Ounce, so 21.645/31.1*1500 (gold grams / troy ounce * market value) = My chain is worth $1,043.97.

Now, if some store on the street corner would give me over $800 for it, I'd sell it.



Got my info here: http://www.mightybargainhunter.com/2...jewelry-worth/



% of gold per carat:

10k = 10/24 = .41666

14k = 14/24 = .5833333

18k = 18/24 = .75

24k = nearly 99% pure gold... so Visionz'z gold coins could replace .585 in my equation with .99