# We should get a bump in gold in a few hours. **URL:** \ **Category:** Misc. Discussion\ **Created:** [June 14, 2010, 6:36am UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176 "2010-06-14T06:36:13Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 14, 2010, 6:36am UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/1 "2010-06-14T06:36:13Z")
Go gold go! ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 3:47pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/2 "2010-06-18T15:47:15Z")
Gold just broke an all-time high today. ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 18, 2010, 3:49pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/3 "2010-06-18T15:49:32Z")
> [@gromicko](#): > > Gold just broke an all-time high today. Cute. It goes down after your [few hours pronouncement](http://www.nachi.org/forum/f13/we-should-get-bump-gold-few-hours-51463/) a short time ago and then you post when it pops.:roll: Are you buying at these prices? ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 4:05pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/4 "2010-06-18T16:05:04Z")
The date of my post #1 is June 14. See chart. Looks like a bump to me. And yes, I’m still stacking (buying on the dips) as gold is going to $6,500. ![nick-predicts-bump-on-june-14.jpg](https://global.discourse-cdn.com/internachi/original/3X/e/3/e3eae8aed46008b11bae800f6e3ac275a4e2eaff.jpeg) ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 18, 2010, 4:11pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/5 "2010-06-18T16:11:46Z")
Nick, it went down in the few hours after your post. You chart only shows closing prices. Are you buying at these prices? ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 4:19pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/6 "2010-06-18T16:19:57Z")
I’m not a day trader (you can’t be with physical gold because of the premiums) so don’t hold me to “hourly” prices. Do a search on this message board and you’ll see that I’ve been regularly advising members to buy _physical_ gold and predicting gold to go up since before the recession started. How was my prediction? ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 18, 2010, 4:25pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/7 "2010-06-18T16:25:21Z")
> [@gromicko](#): > > I’m not a day trader so don’t hold me to “hourly” prices. > > Do a search on this message board and you’ll see that I’ve been regularly advising members to buy _physical_ gold and predicting gold to go up since before the recession started. How was my prediction? Nick timing is a difficult. You said hours. Just having some fun with you. Are you buying? ![GOLD Nick.JPG](https://global.discourse-cdn.com/internachi/original/3X/2/2/22082241c1a9cbac10ce5e5824e89ebceaf52c93.jpeg) ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 4:29pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/8 "2010-06-18T16:29:07Z")
Correct. Timing is impossible. Look at the charts over longer periods of time as it is impossible to day trade physical gold due to the premiums involved. Check my facts, but I believe that in the history of this message board, I’ve only regularly touted, to my fellow members, one lone investment… physical gold. How’d I do? ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 4:30pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/9 "2010-06-18T16:30:40Z")
Having correctly predicted, for the past couple years, to buy physical gold… my job is only 1/2 done. I must now correctly predict when to sell… and I will. For now, keep stacking. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 4:38pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/10 "2010-06-18T16:38:21Z")
For those who have enjoyed the ride with me (see chart)… I know, it looks like the top. It’s not. It’s the bottom. Be brave with me and don’t sell yet. ![gold-to-da-moon.jpg](https://global.discourse-cdn.com/internachi/original/3X/2/7/273dc9483b8584a99cc77785f2935507426d0207.jpeg) ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 18, 2010, 4:46pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/11 "2010-06-18T16:46:29Z")
Good luck to all. BTW-Gold is still a poor inflation hedge. 😉 ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 4:55pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/12 "2010-06-18T16:55:58Z")
If it climbs over $6K/ounce I’ll take it as a hedge. ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 18, 2010, 5:04pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/13 "2010-06-18T17:04:04Z")
> [@gromicko](#): > > If it climbs over $6K/ounce I’ll take it as a hedge. Equities will go up with it. It may be good as a \*\*\*\* hit the fan but then you have to be able to defend against someone taking it from you including the government It has been confiscated before. > [@](#): > > The problem is that the very circumstances that would make your gold so valuable could also result in its being taken from you. In 1933, in order to stabilize the monetary system, President Franklin D. Roosevelt, under Executive Order No. 6102, confiscated all privately owned gold in the United States. As a real store of value. Not so much. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 9:46pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/14 "2010-06-18T21:46:51Z")
Obama attempting to confiscate all the gold in the U.S. would be awesome news for us gold bugs. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [June 18, 2010, 9:52pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/15 "2010-06-18T21:52:18Z")
> [@](#): > > Equities will go up with it. Then why haven’t they? The Dow is at about the same level as it was more than a decade ago while gold has gone up 400%. ---
**Author:** ![lkage](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/lkage/32/347658_2.png) [@lkage](https://forum.nachi.org/u/lkage)\ **Post date:** [June 18, 2010, 9:54pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/16 "2010-06-18T21:54:47Z")
Hide it in plain sight… [RIGHT] [![](http://www.thetoque.com/021203/pics/goldbrickers1.jpg) ](http://www.thetoque.com/021203/pics/goldbrickers1.jpg) [/RIGHT] ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 18, 2010, 11:44pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/17 "2010-06-18T23:44:59Z")
> [@gromicko](#): > > Then why haven’t they? The Dow is at about the same level as it was more than a decade ago while gold has gone up 400%. If you want to play the pick your starting date game I can play that too…:roll::roll: ---
**Author:** ![jburkeson1](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/jburkeson1/32/328752_2.png) [@jburkeson1](https://forum.nachi.org/u/jburkeson1)\ **Post date:** [June 18, 2010, 11:59pm UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/18 "2010-06-18T23:59:40Z")
Let me know when I should sell, I have about 1/2 dozen ounces I bought back in the 80’s at around $650/ounce. ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [June 19, 2010, 12:06am UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/19 "2010-06-19T00:06:09Z")
April 30, 1933 Gold=$35/Oz. S&P 500 = $7.48 June 18, 2010 Gold NY close = $1256.50 S&P 500 = $1,117.51 Performance Gold up 34.9 times or **3,490%** S&P 500 up 148.4 times or **14,840%** Which was the better hedge against inflation? ---
**Author:** ![bsmith2](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/bsmith2/32/1329_2.png) [@bsmith2](https://forum.nachi.org/u/bsmith2)\ **Post date:** [June 19, 2010, 2:33am UTC](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176/20 "2010-06-19T02:33:57Z")
Inflation will keep going up…gold will keep going up, would like to know were Nick seen it would hit 6500 that would be the chet right there. Looks like its time to get the dredge out again! [Next page](https://forum.nachi.org/t/we-should-get-a-bump-in-gold-in-a-few-hours/50176.md?page=2)