From: http://mrci.com/qpnight.htm This site seems to have more timely info than kitco. But it's not a graph so you can't track overall movement.

-- nothing (better@to.do), October 04, 1999

Answers

For the latest gold prices:
http://www.kitco.com/gold. graph.html

Sincerely,
Stan Faryna

Got 14 days of preps? If not, get started now. Click here.

Click here and check out the TB2000 preparation forum.

-- Stan Faryna (faryna@groupmail.com), October 04, 1999.

Well it is 7;05 PDT and

http://www.crbindex.com/curquote/crbquote.mhtml

says gold is up +$12 from the NY close. Now POG=USD$330.

Now Now Now, Alen is between a rock and a hard place. Raise interest rates and the market tanks, Don't raise and the dollar tanks (and then the market tanks).

Hanging or Lethal Injection, your choice....

Things will get worse before they get better.

-- Helium (Heliumavid@yahoo.com), October 04, 1999.

For Y2K ready capital preservation see www.centralfund.com

-- Stefan Spicer (sspicer@nas.net), October 04, 1999.

Helium,

Hanging or Lethal Injection. I love it. Perfect way to say it! "Oh what a tangled web we weave, when first we practice to deceive".

-- Gordon (gpconnolly@aol.com), October 04, 1999.

I have a few questions for you all.

What do I do if I am one of the few people in town who owns gold, and everyone else has cash? Yer average Joe Blow isn't as smart as all the people on this forum. What do I do if I have a gold coin that is worth $500.00 and I want to buy a loaf of bread and a gallon of milk? Who's gonna have change? This is assuming the banks are closed like you all think is gonna happen.

Don't you need to be sitting on a hell of a lot of gold to make it worth while? Comments appreciated!

-- (Rochambeaux@nut.com), October 04, 1999.

cash first, then gold.

-- Mara Wayne (MaraWayne@aol.com), October 04, 1999.

Mara's answer is probably right, but could use some elaboration. First of all, have both cash and gold. For that matter, have silver too.

Have your cash in small denominations: $10s/$5s/$1/coins. Expect to use your cash when you need to buy something, perhaps during most of the year 2000.

Your gold and silver should be likewise in small weights; for example, 1/10th ounce gold coins, and pre-1965 quarters that are 90% silver (so-called "90% junk silver"). Expect to use your gold and silver as part of a re-build after people lose faith in cash, perhaps in 2001. Or, if things recover sufficiently, trade them for regular (fiat) money as you need to.

The problem of having cash, gold and silver but not in a form that is feasible for use can be minimized by following the above steps to achieve the maximum number of transaction per monetary unit.

-- Jack (jsprat@eld.~net), October 04, 1999.

Don't stock up on $500 gold coins. I like the $30 - $50 ones.

-- S. Pace (space@nwaisp.com), October 04, 1999.

The other reason to have gold is as a part of any diverified portfolio. Don't own all of one thing, market timers make a lot of money, but I do not have the time to watch all the different markets. Pay off the house, pay off the car, have some gold, have some stocks, have some bonds. When one goes way up, sell some of it and buy the one that is down.

Oh yeah, have some real cash,water, and food. it may save your life....

-- Helium (Heliumavid@yahoo.com), October 04, 1999.

Jack's answer above is wise advice. I would add that people will soon find ways to trade things. If you have a $500 gold coin, someone will find a way to make a satisfactory trade with you. It make take a third or fourth party to make it work but there will be a way.

-- cody (cody@y2ksurvive.com), October 04, 1999.

The only way that the Fed can keep from raising rates is to get the other central bank to support the dollar. Otherwise, it will drop like a ton gold ingot from the tower of Pisa. I don't think that the other CBs will go along. They already have too many dollars.

-- Mr. Adequate (mr@adequate.com), October 04, 1999.

Even the other central banks have all but told Greedspin that he can take his US dollars and stick them where the sun don't shine. That is ONE reason we are seeing the big run-up in gold in US dollars--it's a risk premium type of situation, wherein one party is willing to sell their gold to another party, but since they will be receiving worthless Y2k-compliant toilet paper Reserve Notes in exchange, they are demanding NOW a much higher premium!

Do you think that Greedspin is quaking at the thought tonight of HAVING to raise rates tomorrow, which could indeed support the dollar SHORT-TERM, but that is all?

Got gold?

Got milk?

Got moo-lah?

-- profit_of_doom (doom@helltopay.ca), October 05, 1999.

PLEASE STOP POSTING USING mr@adequate.com Thank you.

-- ADEQUATE.com Postmaster (nobody@internet.com), October 05, 1999.