| Author | Thread |
|
|
11/22/2005 08:42:34 AM · #1 |
It's at it's highest price since the early 80's. WHEEEE!
Live Gold Chart
|
|
|
|
11/22/2005 08:49:18 AM · #2 |
Sweet! *Starts digging up her pirate chest from the back garden*
|
|
|
|
11/22/2005 08:52:35 AM · #3 |
It's only gone up 26% in 10 years! 2.5% annualized...
Sounds like a heck of a deal! |
|
|
|
11/22/2005 08:54:17 AM · #4 |
It's going to be a good Christmas for a lot of South Africans. For a change the gold-mines have not hedged everything and they can take advantage of the increasing price. Hopefully it will be sustained and some of the moth-balled mines can be re-opened.
Cheers
Tony
|
|
|
|
11/22/2005 09:01:10 AM · #5 |
| Sounds like someome is going prospecting! |
|
|
|
11/22/2005 09:27:07 AM · #6 |
Originally posted by Alienyst:
Sounds like someome is going prospecting! |
Give me a stream and a gold pan and if there's a flake of gold I can find it! :-D
Anybody ever go panning for gold? It's lots of fun.
As part of a summer job at he Ministry of Northern Development & Mines, while I was in university, I gave gold-panning lessons & demonstrations using material from an old placer deposit. Gauranteed gold for every tourist. You just have to get the hang of swirling the water around in the pan and you get a beautiful heavy-mineral separation.
|
|
|
|
11/22/2005 09:32:37 AM · #7 |
| What does the price of gold have to be before panning becomes profitable? Sounds like good pasttime! |
|
|
|
11/22/2005 09:32:59 AM · #8 |
I used to work for the Bureau of Mines (the whole Bereau was closed about 10 - 12 years ago with some budgets cuts - yes sometimes the government actually does cut entire budgets).
I would "pan for gold" almost daily in the lab - but it is much more fun in a river. Great fun with the kids if you find a place where there's a good chance they can find it. Their faces just light up when they find the "real gold!"
I'm surprised how many rivers here in utah have gold in them. I've panned many and always come up with a flake or two.
|
|
|
|
11/22/2005 09:33:19 AM · #9 |
Back in about 1980 or thereabouts, gold briefly spiked to over $800 per troy ounce. I actually had about 4 oz. (actually 15 gal. of dilute solution containing gold cyanide salts) and just missed the peak, but still wound up selling it for $600/oz. =)
|
|
|
|
11/22/2005 09:36:12 AM · #10 |
I'm the proud owner of a bunch of gold mining stocks. Bought it back when tech was flying high - right before the market crashed. Just waiting for the right price. :)
|
|
|
|
11/22/2005 09:43:27 AM · #11 |
Originally posted by jhonan:
What does the price of gold have to be before panning becomes profitable? Sounds like good pasttime! |
Just have to pay for the pan!
:D |
|
|
|
11/22/2005 09:50:59 AM · #12 |
Originally posted by jadin:
Originally posted by jhonan:
What does the price of gold have to be before panning becomes profitable? Sounds like good pasttime! |
Just have to pay for the pan!
:D |
Less expensive & much more fun than fishing!
|
|
|
|
11/22/2005 09:58:15 AM · #13 |
Originally posted by Strikeslip:
Originally posted by jadin:
Originally posted by jhonan:
What does the price of gold have to be before panning becomes profitable? Sounds like good pasttime! |
Just have to pay for the pan!
:D |
Less expensive & much more fun than fishing! |
Yes, but could I get a cabin in the woods and wear one of these old cowboy hats and go panning every day and make a living from it? |
|
|
|
11/22/2005 10:19:37 AM · #14 |
Originally posted by jhonan:
Originally posted by Strikeslip:
Originally posted by jadin:
Originally posted by jhonan:
What does the price of gold have to be before panning becomes profitable? Sounds like good pasttime! |
Just have to pay for the pan!
:D |
Less expensive & much more fun than fishing! |
Yes, but could I get a cabin in the woods and wear one of these old cowboy hats and go panning every day and make a living from it? |
Sure! You just have to find a nice, little deposit. You could set up a sleuce to get more gold faster, but that defeats the purpose of panning :-)
Just decide how much you want to make every day, refer to the current price of gold through my link above, and extract that many ounces. ;-)
|
|
|
|
11/22/2005 10:35:50 AM · #15 |
Originally posted by conglett:
It's only gone up 26% in 10 years! 2.5% annualized...
Sounds like a heck of a deal! |
Isn't that closer to 2.26% anualized? Anyway, your point remains. By comparison, an index fund tracking the S&P 500 would have gone up about 110% in 10 years, or 7.7% per year. Granted, stocks are a bit more volatile than gold. And not nearly as shiny.
Nordlys
|
|
|
|
11/22/2005 10:51:03 AM · #16 |
Originally posted by Strikeslip:
Anybody ever go panning for gold? It's lots of fun.
|
Especially when it's your grandfather teaching you! Lots of wonderful childhood memories panning for gold with my grandfather.
Deannda |
|
|
|
11/22/2005 11:09:40 AM · #17 |
Originally posted by conglett:
It's only gone up 26% in 10 years! 2.5% annualized...
Sounds like a heck of a deal! |
Yeah, but its up about 75% over the last 5 years. Timing is everything...
**Kicks self for ignoring all those "gold is going to explode" commercials on radio for the last 5 years...** |
|
|
|
11/22/2005 11:13:55 AM · #18 |
Originally posted by Nordlys:
Originally posted by conglett:
It's only gone up 26% in 10 years! 2.5% annualized...
Sounds like a heck of a deal! |
Isn't that closer to 2.26% anualized? Anyway, your point remains. By comparison, an index fund tracking the S&P 500 would have gone up about 110% in 10 years, or 7.7% per year. Granted, stocks are a bit more volatile than gold. And not nearly as shiny.
Nordlys |
Nordlys is comparing apples and pictures of apples. I've never been able to stick a pan in a river and find any stock certificates. :-P
|
|
|
|
11/22/2005 12:23:50 PM · #19 |
Originally posted by Strikeslip:
Nordlys is comparing apples and pictures of apples. I've never been able to stick a pan in a river and find any stock certificates. :-P |
Me neither. Though I did find some fool's stock once.
Nordlys
Message edited by author 2005-11-22 12:24:44. |
|
|
|
11/22/2005 12:26:32 PM · #20 |
Originally posted by Nordlys:
... I did find some fool's stock once. |
Haha, good one! I found some fool's stock too. I found out that the old cliche "A fool and his money are soon parted." is very true.
|
|
|
|
11/22/2005 08:22:55 PM · #21 |
Originally posted by Nordlys:
Originally posted by Strikeslip:
Nordlys is comparing apples and pictures of apples. I've never been able to stick a pan in a river and find any stock certificates. :-P |
Me neither. Though I did find some fool's stock once.
Nordlys |
Me too! It is called Travelzoo, and they gave away free shares of it in 1999. It split when it was still worth $0, and I now have six shares. It's been a wild ride.
Travelzoo - the glory and the shame
I've still got em |-(
|
|
|
|
11/22/2005 08:33:25 PM · #22 |
| The golden slippy becomes even more rare! |
|
|
|
11/22/2005 09:01:02 PM · #23 |
Originally posted by Joey Lawrence:
The golden slippy becomes even more rare! |
Soon it will be the gold-tone Slippy |
|
Home -
Challenges -
Community -
League -
Photos -
Cameras -
Lenses -
Learn -
Help -
Terms of Use -
Privacy -
Top ^
DPChallenge, and website content and design, Copyright © 2001-2026 Challenging Technologies, LLC.
All digital photo copyrights belong to the photographers and may not be used without permission.
Current Server Time: 05/11/2026 05:51:19 PM EDT.
