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Black Friday "crash" on gold already over?


"NEW DELHI: Gold prices rose by Rs 90 per 10 gram and silver rates jumped by Rs 600 a kg in the bullion market here on fresh buying today, a day after the precious metal crashed on concerns over Dubai debt crisis. "

OK - and for those who believe in irony as the driving force in the Universe... ;) I fully expect the dollar crash and bank holiday THIS weekend. For the first time in over a year, we forgot to get to the bank and drain out the direct deposited paycheck... Hey, if a butterfly in Africa can kick off Katrina... lol!

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"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

Indian Currency vs USD?

If gold prices rose 60 RS and silver 600 RS per kg...how much is that in US currency? For silver to rise 10 times more than gold, that sounds like Monday is a good day to sell some bullion. If silver closed at $18.33 Friday, how much would the move on Silver in India effect the current US market price today?


I want to know too - lol!
Here is a currency converter, at least:
I wish I had a thousand bucks - I would go buy all the silver I could get my hands on today.
But then, I have wished for Peace on Earth my entire life, and we see how that is working out for me...

Truth exists, and it deserves to be cherished.

I have about 3400 oz of

I have about 3400 oz of silver and 300 oz of gold. I figure that should get me through if things get real bad. I would think some of these coins would have even more value than the price of the metal itself.

I have been buying gold and silver coins for 20 plus years. 5 years ago I bought some gold and silver bars just for show, it has been a very good investment for me.

600 RS Is $12.95

Thanks. That was helpful. Now.....how many oz in a kg?

Found Weight Conversion

1 kg is 2.2 lbs, or 35.27 oz. Silver didn't rise as much as I thought. 12.95 spread over 35 oz. brings the price up to a Wed. morning high for silver abt. 18.83. In other words....about 50 cents. I think I'll hold onto what I've got.....From what I'm hearing silver is still cheap. When I paid little more than $6.00 an oz back in the 90's, silver redeems some of my other bad investment choices. What are some of you silver bulls predicting?

You have a wrong conversion there.

gold and silver are sold in troy ounces.

Here are some conversions you might find helpful:

1 kg is 32.15 troy ounces
1 kg is 35.27 avoirdupois ounces (US regular ounce, or just ounce)
1 troy ounce is 31.10 grams
1 ounce is 28.35 grams
1 pound is 14.58 troy ounces
1 pound is 16 ounces

32.15 troy ounces

in one kilogram.

I'd read that options

I'd read that options expiration was this week so was expecting gold to fall but had given up the expectation after seeing it only rise all week until early Friday morning when it fell sharply. I read somewhere they start driving the price down several days before the expiration date. The timing of the Dubai announcement could have been planned to coincide to bring gold down suddenly with their selling off of futures.

One thing confuses me. The option expiration/gold takedowns have come after the third Friday of the month, which is when I thought all options expire.

$1,194.50 on Thursday,

$1,194.50 on Thursday, $1,134.00 Friday, Today 1,177.86.
Not really a crash.

“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams

“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams


is the word chosen by the anti-gold spin machine. As the Dubai technical default struck fear into the hearts of more mainstream investors, they fled equities. At first gold took off north, but then the fearful turned to the USD (of all things) for safe haven. Well, you know how the knee jerk modern trading algorithms work, USD up, gold down. But not for long. The sneaky criminal f*cks that have taken over government have not yet given up trying to hide the reality of our economic/financial situation from the sheeple. They are desperate. Jim Sinclair posted a cute response to the "attack" on gold:

"Crash" was their word choice

and the article was pointing out that it is already climbing again from that 1177 price, if I am not mistaken.

Truth exists, and it deserves to be cherished.