Black People : The shine comes off the gold market

Discussion in 'Black People Open Forum' started by Clyde C Coger Jr, Apr 15, 2013.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,




    ... Interesting set of events occurring today, wow:



    ___

    The shine comes off the gold market

    The shine comes off the gold market

    By Steve Rothwell, Markets writer | Associated Press – 3 hrs ago

    [​IMG]

    Associated Press -
    FILE -In this Tuesday Oct. 9, 2012 file photo, a technician prepares 1 Kg gold bars of 995.0 purity to pack for delivery at the Emirates Gold company in Dubai, United Arab Emirates. As of Monday, April 15, 2013, gold has plunged more than 10 percent the last two days, suggesting that a decade-long surge in the metal is over. Signs that the U.S. economy is healthier are diminishing gold's appeal as an safe place to invest money. Gold peaked at $1,900 in August 2011 and is now at $1,390. (AP Photo/Kamran Jebreili, File)

    NEW YORK (AP) -- The shine has come off the gold market.
    The price of gold logged its biggest one-day decline in more than 30 years Monday, tumbling $140.30, or 9 percent, to $1,361. While gold has been gradually falling since hitting a peak of $1,900 in August 2011, the sell-off accelerated late last week.
    Before the drop, gold had climbed every year since 2001, as investors bought the metal both as protection against inflation and as a so-called safe haven. The precious metal peaked as lawmakers wrangled over raising the debt ceiling in the summer of 2011 and threatened to push the U.S. into default.

    http://news.yahoo.com/shine-comes-off-gold-market-002757873.html

    Peace In,

     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    :slobber: buy! buy! buy!
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Yep, now is the time, correct elder... buy it like its going out of style:rofl:


    Peace In,

     
  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  5. candeesweet

    candeesweet Well-Known Member MEMBER

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    What does your shukkin and jivin lol crackin up avatar mean?:rofl:. Funny that most of us can't afford to get rich from gold.
     
  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Same as yours :rofl1:

     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Now why you gotta show me such a pretty picture elder, man that looks good, nearly good enough to eat:rofl:




     
  8. candeesweet

    candeesweet Well-Known Member MEMBER

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    Chez ain't easy to make into gold. rofl cutely! Your so fun Clyde. Thanks for making Destee a great internet life. No joke though.
     
  9. candeesweet

    candeesweet Well-Known Member MEMBER

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    It's gold though Clyde. Your not being serious right!!!
     
  10. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Oh I got some Chez for ya, no gold, but plenty of


    [​IMG]


    yvw welcome candeesweet, couldn't do it without you though...:)

    Peace In,
     
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