Monday, January 14, 2008

Gold above $900

Your Specimen Gold Is UP!

Good monday morning to all of you. Gold is rising again today after touching $914 and then sliding back and climbing back up to $908 at 9:00 this morning. Of course it can correct itself back $50 to $100, but right now it is at around $30 a gram.

I have been told that specimen gold does not fluctuate very much based on the day to day spot prices, but when the price increases by around 50% in a year, well, your specimen gold just went up 50% as well. So, those people who bought their specimens at the Tucson show last year that no one even saw but the bidders, made on heck of a deal. It is hard to find 50% gains even in the stock market.

I have been discussing the information I found on the geothermal theories on gold nuggets with a geologist friend of mine, and he found the information very interesting. More on that this Friday as I continue this discussion in the newlsetter, so check back for another round in this discussion. If you have any thoughts, let me know. We may all start looking for nuggets in another area we hadn't thought about before.
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