XAU/USD & XAG/USD - Gold & Silver Traders Thread
{quote} BUY LOW, SELL HIGH. Simplest of all equations... ... . . . .
The yellow metal was first used as a currency in 3000 BC by the Pharaohs in Egypt. The first Chinese gold coins are estimated to have been minted around 600 BC. Throughout the ages, gold has been revered, used to store wealth and to trade for goods and services. At the end of 2011, it is estimated that a total of roughly 171,300 metric tons of gold are above ground, with 49% of that in the form of jewelry. Currently about 40% of gold demand is for jewelry.
[indent][color=#000000]In 2002, nearby Comex gold...
I recently was listening to goldseek radio. Robert Kiyosaki mentioned that he knows average gold mining price per ounce 1100. So there is opportunity, when us dollar will get too strong (not in few months i think, factories come back to us) to take your chance below mining cost. Maybe even at 600- 800 usd/oz
{quote} funny ... I am one and the same person ... :-)
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