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Why drop in gold?
911.......
I would not be surprised to see this head to dollars again if everything works out.....
This wil have to go to at lest .10 cents a share so I can break even.
I like the sentence
The real gold show is only starting
Nice chart! I'm looking forward to a rise in gold price.
800,000 federal workers will be layed off.......gold is gonna go up.......SGRCF going up.
you will buy more at $1.05
Keep dreaming.....
Any thoughts on all the news releases lately?
Gotta love new gold zones!
Thanks, I marked you back. Have a good weekend.
I think this time we start to go up for real.....
Agree this is going back to dollars over next year or so.....IMO.
As gold price increases again we will see the full impact of San golds cost cutting and be rewarded.
Message to mods.......................you are all person marked please hit me back.
Watch for upward movement before Q2.
san gold SGR Q2 will be released on or before Aug 13.
Keep on the watch for upward movement before that.
Looks like a great company but the chart sure looks like a pump and dump....
Blue are you still long term on sans gold?
Really? I personally think we hit near .50 in next 2 months.......IMO
Todd Ganos, Contributor
I write about everything from specific stocks to economics to politics
Follow (28)
INVESTING | 7/07/2013 @ 5:28PM |7,417 views
Is Gold Really Worth $40,000 Per Ounce?
3 comments, 1 called-out Comment Now
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Investing in gold, gold bars, gold bullion and gold coins (Photo credit: Investing in Gold)
My mom – who is going on 95 years old – grew up on a farm in rural California. Her home did not have electricity and she studied by kerosene lantern. An uncle who lived in the city came for a visit and gave my mom and her two siblings a rectangular piece of paper measuring about 3 inches by 6 inches. It had pretty pictures printed on each side. Based on his demeanor, she could tell that her uncle thought it was a special gift and expected some level of reaction from her, her sister, and her brother. But, there was none. They held in their hands a novelty and they were more filled with curiosity than excitement. My mom, her sister, and her brother asked, “What is it?” Their uncle replied, “Why, that’s a dollar bill. That’s money.” The kids began to laugh, “Who are you trying to kid? That’s not money. Real money is made out of gold and silver.” When my mom told me that story, it reminded me of one particular scene in the movie “Old Yeller.”
It so happened that paper money was a rarity in the rural parts of California – and perhaps many other locales – during the early 1920s and prior. But, on a technical level, my mom and her siblings were correct. “Real money” is in fact made of gold or silver or some other commonly accepted store of value . . . not paper.
Some believe that the paper money printed by a government should be backed by real money. At a time, one could exchange one’s paper money for real money, whether gold or silver. Then, the United States government ceased exchanging paper money for gold and silver and instead issued gold certificates and silver certificates. In essence, although you can’t get gold or silver for your paper money, you can sleep well knowing that your paper money is backed by gold and silver that the United States government is holding. Then that stopped.
Recently, there has been quite a bit of volatility in the dollar price of gold. It certainly can’t be that the fundamental value of the United States dollar is experiencing wide swings. We don’t see the dollar price of bacon or bread or a car wildly gyrating. But, given that gold is money, in a sort of cross-currency context, the prices of bacon, bread, and a car ARE wildly gyrating . . . relative to gold. Of course, history would suggest to us that the price of bacon, bread, a car, gold or most anything should be stable relative to each other over the long run. So, it would seem that the recent price swings in gold are driven by speculation as opposed to fundamentals.
So, what should the price of gold be in dollar terms? In prior articles, we’ve discussed this in terms of expansion of the money supply relative to the expansion of gross domestic product. That analysis suggested the price of gold should be somewhere around $1600 to $1800 per ounce. However, if we expect each dollar in the money supply to be backed by the gold stock of the United States government, as some believe, we are in for a big surprise.
According to a report released by the Federal Reserve last week, the M2 money supply is about $10.5 trillion. The amount of gold held by the United States government is approximately 260 million ounces. Doing the math, that translates to north of $40,000 per ounce. This is too difficult to even comprehend. But, whatever the real number might be, it seems that it is above the current $1200 area that gold in currently trading. The SPDR Gold Trust (ticker symbol NYSE:GLD) is an exchange traded fund that holds gold; its shares are very liquid. We think gold will be moving up and we’ve positioned our clients accordingly.
Todd Ganos, Contributor
I write about everything from specific stocks to economics to politics
Follow (28)
INVESTING | 7/07/2013 @ 5:28PM |7,417 views
Is Gold Really Worth $40,000 Per Ounce?
3 comments, 1 called-out Comment Now
Follow Comments
21
67
6
0
0
Investing in gold, gold bars, gold bullion and gold coins (Photo credit: Investing in Gold)
My mom – who is going on 95 years old – grew up on a farm in rural California. Her home did not have electricity and she studied by kerosene lantern. An uncle who lived in the city came for a visit and gave my mom and her two siblings a rectangular piece of paper measuring about 3 inches by 6 inches. It had pretty pictures printed on each side. Based on his demeanor, she could tell that her uncle thought it was a special gift and expected some level of reaction from her, her sister, and her brother. But, there was none. They held in their hands a novelty and they were more filled with curiosity than excitement. My mom, her sister, and her brother asked, “What is it?” Their uncle replied, “Why, that’s a dollar bill. That’s money.” The kids began to laugh, “Who are you trying to kid? That’s not money. Real money is made out of gold and silver.” When my mom told me that story, it reminded me of one particular scene in the movie “Old Yeller.”
It so happened that paper money was a rarity in the rural parts of California – and perhaps many other locales – during the early 1920s and prior. But, on a technical level, my mom and her siblings were correct. “Real money” is in fact made of gold or silver or some other commonly accepted store of value . . . not paper.
Some believe that the paper money printed by a government should be backed by real money. At a time, one could exchange one’s paper money for real money, whether gold or silver. Then, the United States government ceased exchanging paper money for gold and silver and instead issued gold certificates and silver certificates. In essence, although you can’t get gold or silver for your paper money, you can sleep well knowing that your paper money is backed by gold and silver that the United States government is holding. Then that stopped.
Recently, there has been quite a bit of volatility in the dollar price of gold. It certainly can’t be that the fundamental value of the United States dollar is experiencing wide swings. We don’t see the dollar price of bacon or bread or a car wildly gyrating. But, given that gold is money, in a sort of cross-currency context, the prices of bacon, bread, and a car ARE wildly gyrating . . . relative to gold. Of course, history would suggest to us that the price of bacon, bread, a car, gold or most anything should be stable relative to each other over the long run. So, it would seem that the recent price swings in gold are driven by speculation as opposed to fundamentals.
So, what should the price of gold be in dollar terms? In prior articles, we’ve discussed this in terms of expansion of the money supply relative to the expansion of gross domestic product. That analysis suggested the price of gold should be somewhere around $1600 to $1800 per ounce. However, if we expect each dollar in the money supply to be backed by the gold stock of the United States government, as some believe, we are in for a big surprise.
According to a report released by the Federal Reserve last week, the M2 money supply is about $10.5 trillion. The amount of gold held by the United States government is approximately 260 million ounces. Doing the math, that translates to north of $40,000 per ounce. This is too difficult to even comprehend. But, whatever the real number might be, it seems that it is above the current $1200 area that gold in currently trading. The SPDR Gold Trust (ticker symbol NYSE:GLD) is an exchange traded fund that holds gold; its shares are very liquid. We think gold will be moving up and we’ve positioned our clients accordingly.
in transferring more $$$$ to buy more when it clears...weather its at .15 or .05 or .20............it will not matter because im in for the long run to dollars.....gold will rock.....Aunt Fannie likes San Gold!
yes look at the 2 year chart....we are going up over the next 2 years......
II also bought at .25 and Iv been waiting and now I will get more at these levels, it is unfortunate that it went down but if you are strong and hold your .25 , I still think 2 years we will be over 6.50 a share.imo this is a great opertunity to get in at the true bottom, last time it bounced to .26 from .11 or .12.
they can't print anymore gold......SGRCF long and strong......
Yeah baby......they can't print any more gold...Long SGRCF.....
Into undervalued gold stocks that are real company's....
From what I'm gathering it would be a great opportunity to buy now and sell half your shares at 100 percent around .40 or .50 and let the rest go to dollars......
I bought at .25.......not bad if its heading for dollars.......
Guess again....I'm waiting for.80...lolzzzzzz
I'm loaded.....SGRCF.......a GOLDMINE....literally.....lol
I would wanna sell if I was holding anything above 2, look at that death spike on the chart so strait up I'm surprised it dident fall over the holiday weekend......
When you read things like going to the moon tomarrow and 10 dollars by eod
Translation I'm gonna sell you my shares at $3 and buy them back from you when they've gone down to 2 or lower and then sell them at 3 again, please fall for this.....lol
I hope the carnage isent too bad in the am, but my buy orders are set at 1.60-1.70 range.
The dd is faulty.....this is trading on momentum now and is headed for a major pullback........we will call this black Tuesday?
This stock has gone to high levels before only to fall back to obscurity. Main thing is it is not out of c-ship plan a simple. Look closely at the 4 year chart.......the ups and downs.......
I also believe MonestHind we are comming down 30-40 percent and it will trade sideways for awhile I have orders in around 1.60 ish.
Hi blue I sold fnma way to early looking to get back in and don't have time to buy and sell all the time, do you think It will go lower to get in, will follow your board and you if you can give me some direction thanks for your time I would like to hold for long term.
Even the insider sold too soon lol im not the only loser!