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Gold soaring today

wombat42_2 Posts: 1,312 Forumite

4 November 2008 at 3:57PM in Savings & investments

Gold up over 5.5%.
Gold miners up over 15%.

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Comments

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  halight Posts: 3,629 Forumite

  

  4 November 2008 at 4:18PM

  OOOOh i wish i had put money in gold last year.

  :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j

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  purch Posts: 9,865 Forumite

  4 November 2008 at 4:24PM

  Gold soaring today

  
  Is that different to a "surge"

  'In nature, there are neither rewards nor punishments - there are Consequences.'

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  Lokolo Posts: 20,861 Forumite

  

  4 November 2008 at 4:24PM

  wombat42 wrote: »

  Gold up over 5.5%.
  Gold miners up over 15%.

  
  You and your gold!

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  wombat42_2 Posts: 1,312 Forumite

  4 November 2008 at 4:27PM

  halight wrote: »

  OOOOh i wish i had put money in gold last year.

  
  Yes but if you put it in several months ago you would still be nursing a big loss:mad: It is still currently down from last year so it needs to go up much further.

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  wombat42_2 Posts: 1,312 Forumite

  4 November 2008 at 4:28PM

  Lokolo wrote: »

  You and your gold!

  
  Well a 15% rise in shares in one day is eye watering

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  Lokolo Posts: 20,861 Forumite

  

  4 November 2008 at 4:34PM

  wombat42 wrote: »

  Well a 15% rise in shares in one day is eye watering

  
  So wheres my cut?

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  wombat42_2 Posts: 1,312 Forumite

  4 November 2008 at 4:39PM

  Lokolo wrote: »

  So wheres my cut?

  
  It just means my loss is less by 15%
  
  Things are so volatile it could always go back down 15% tommorow :mad:
  
  
  Incidentally oil is up by 8% today.

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  neil324 Posts: 460 Forumite

  4 November 2008 at 4:43PM

  The dollars down also, GOOD.
  
  Crazy times for sure up/down/up/down. Wheres it all going?

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  wombat42_2 Posts: 1,312 Forumite

  4 November 2008 at 4:45PM

  neil324 wrote: »

  The dollars down also, GOOD.
  
  Crazy times for sure up/down/up/down. Wheres it all going?

  
  Maybe the commodities boom is back already

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  dunstonh Posts: 120,265 Forumite

  

  4 November 2008 at 6:11PM

  Summer must be over then.
  
  Of course, the seasonal gold value variation has had a bigger hit due to gold being sold more heavily than usual due to liquidity issues.

  I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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