December gold futures hit $1,087 an ounce

[eliden]

1118 today!

[karenbcz22]

From where are you buying your gold?

What about silver?

[Wittmann73]

got gold?

[ewffaces7]

1095 dollar per ounce today !

[marcusguernsey]

peace out? what R u a rapper?? been listenin to that canadian rap musik again. nice shirt.how bout 1250 Gold by Feb10?

[Cleric775]

As far as I'm aware of, there's only about 158,000 tonnes of Gold ever mined from this planet and in circulation.

[harveybirdmannequin]

He meant to say 200 metric tonnes. Not million.

[harveybirdmannequin]

In other news, USA protectionist measures and its trade wars have really taken off. The "Buy American" clause in the stimulus bill. Now the USA is imposing duties on Chinese steel after imposing duties on Chinese tires. I'm sure there's a whole list of others. It's funny that people say China's weak currency is an unfair trade advantage. It's China's weak currency that allows for the USA's higher standard of living. Protectionism always ends up hurting the protectionist country long term.

[ABETRMAN]

5 Stars*****

Truth is Always stranger than fiction

[brendandylanmaloney]

I put that quote on my facebook and people thought I was nuts.The facebook consciousness is pretty low.

[vmpslr2]

Im 3/8th gold+5/8th silver

[ewffaces7]

in dollars, in certificates or in real metals ?

[vmpslr2]

purchase price dollars,gold could dive after a recession

[jdl1881]

Yesterday I asked when PM would decouple from the USD and Stock Market (what I have been waiting for) ...looks like we may have the answer.. I hope!!

[ewffaces7]

gold is going up in AUSTRALIAN dollars now : see the 5 yr chart

[joel1923]

One more thing. When central banks or the IMF sell large amounts of gold on the market, the price often dips. Here the IMF sells 6.8 billion in one night and the price spikes upwards. The central banks have caught on, along with many individual investors, that the US dollar is too unreliable now and are heading for the emergency exits.

[POSSUMTOHIDE]

Thank you! I enjoy watching your video's. God Bless!

[solojam]

Sorry its 7 billion dollars they purchased in gold, that is more reasonable

[joel1923]

This could be the moment the gold market goes hyperbolic. I would buy gold now; waiting for a dip at this point is a bad gamble(IMO).

[solojam]

im in silver, gold overvalued imo but still it underperforms silver

[joel1923]

Economists were wondering if China would put "the floor" under gold. It seems like India has beaten them to the punch. This should get interesting. China has been quietly(or maybe not so quietly) building up its gold reserves. China's next move on gold is the one to watch now.

[solojam]

GDP$1.209 trillion INDIA 2008

$1000 bux a person

[solojam]

700 billion dollars? where does india get that kinda money, i smell a fib!

[joel1923]

I read 6.8 billion dollars, not 700 billion dollars.

[solojam]

My bad its 7 billion and change they purchased

[magbigblock]

Ever talked to a Dell computer person when a problem happens to the PC? Not being sarcastic. They are doing a lot of OUR service jobs. In fact, I work with attorneys. One told me you could fire your secretary and put dictation on a digital recorder and email it to India. Next morning, yep, open email, print off Microsoft Word, and there's your written court document. Not lying. (He didn't fire his secretary though) Just got word of it from a legal book or associate or something. It's real.

[solojam]

7 billion is viable, 700 billion got me thinking lol

true india is taking these jobs and you can see the effects on the us economy partly to blame

[jfooj]

200 metric tons of gold was purchased by India from the IMF (not 200 million tons).

[jfooj]

you beat me.

[magbigblock]

That's a HELL of a lotta gold. (The metric ones) Gonna get the calculator....Time is short here I'm afraid.

[drutter]

People don't buy on the dips, it's silly.

[horsehorsehorse400]

Times are so bad, things are so manipulated, that you should buy food and ammo. Things to trade, like any imported foods..........olive oil, coffee, tea, spices will be good to trade after the Fireworks. Food, Food, Food. The Greatest Survivor Show ever is imminent.

[goscott4]

Thanks Derek!

[RenegadeTimes]

Might trace down but then zoom zoom zoom !

Later silver will fly ...hang tight all !

Good vid D ~

[Danster82]

its 400 million now.

[TheLiddlekiddle]

I hope it goes back down so I can buy some more!

[becauseicare2]

I found it interesting that yesterday afternoon we had some large moves in gold, and Yahoo finance stopped tracking the price moves for whatever reason and showed zero percent while we had a move over $20...error, isolated incident..whatever.

[becauseicare2]

Cant forget to mention the big move in silver as well!

[REDEMPTIONthreadz]

200 million tons is a lot of SILVER!! :P

[loveguitars]

Thanks

[iloveterriers]

I heard somewhere that once gold went above 1,060 that the dollar would tank -- I am no economist, this is just what I've heard; is there any truth in this?

[1pigslayer]

finally, the gov has been repressing the market and i am tired of dealing with all the fraud, hell they are minipulating gold as well cause it would be higher if the gov did not do all the bail outs!

[bdiggs77]

Derek, Can we please get a bigger Silver 1000 Poster in the background!!!! You can barely see it!

[kbdory]

$1100+ by weeks end. My prediction.

[yellowtreat]

Thank you for the update!

[jpnkorch]

Very interesting.

[abuokab]

1089 now

[1mealperday]

you said 200 million tons Ha ha

[Qualitatively]

Awesome!