Gold hits $50,000 USD!

Discussion in 'Gold' started by goldpelican, Jul 14, 2011.

  1. goldpelican

    goldpelican Administrator Staff Member

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    A kilogram.

    I wonder if this is perceived as a psychological barrier - kilobars are probably the most heavily traded commercial size bar in the world.
     
    goldpelican, Jul 14, 2011
    #1
  2. Sargeant Argent

    Sargeant Argent New Member

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    Man itd be nice to have one of those!
     
    Sargeant Argent, Jul 14, 2011
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  3. Diablo21

    Diablo21 Member

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    I use those to work out ;)
     
    Diablo21, Jul 14, 2011
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  4. Sargeant Argent

    Sargeant Argent New Member

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    Yeah slide one into each of your high tops, 100 thousand dollar ankle weights!
     
    Sargeant Argent, Jul 14, 2011
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  5. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Ha - wait until you've seen a 400 ounce London Bullion Market Goods Deliverable Bullion Bar.

    I had the pleasure of seeing one of those in private possession some years back.

    Now THAT was a sight for sore eyes.
     
    Roswell Crash Survivor, Jul 14, 2011
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  6. goldpelican

    goldpelican Administrator Staff Member

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    Meh, held one on the weekend.
     
    goldpelican, Jul 14, 2011
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  7. goldpelican

    goldpelican Administrator Staff Member

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    Mind you it was in a stainless steel cage inside of a bulletproof glass box, and you could only lift it a centimetre or so - but I held it :D
     
    goldpelican, Jul 14, 2011
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  8. aleks

    aleks Well-Known Member Silver Stacker

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    The perth mint doesn't want you to know that its tungsten :p
     
    aleks, Jul 14, 2011
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  9. Wisp

    Wisp New Member

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    Im quite sure the one you can hold at PM is a 12kg! - yeah about 400 ounces, sorry didn't read whole thread properly lol
     
    Wisp, Jul 14, 2011
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  10. Ag47

    Ag47 Active Member Silver Stacker

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    I held the 400oz bar at ABC Sydney earlier this year - it was on display on a desk and no one said I couldn't touch it. Other buyers there did give me a "WTF are you doing?" look though.

    On my last visit there, the bar was locked in the glass cabinet LOL
     
    Ag47, Jul 14, 2011
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  11. Agauholic

    Agauholic New Member

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    1600 by morn?
     
    Agauholic, Jul 14, 2011
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  12. goldpelican

    goldpelican Administrator Staff Member

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    Well this was barely three weeks ago. Gold hit $55,000 USD/kg today.

    Me wants kilobar :p
     
    goldpelican, Aug 8, 2011
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  13. boneyard

    boneyard Well-Known Member Silver Stacker

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    and only 18-24 months ago it was around $36,000?
     
    boneyard, Aug 8, 2011
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  14. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    There were 2 around on Friday ,but lack of funds put a spanner in the works :cool:
     
    spannermonkey, Aug 8, 2011
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  15. systematic

    systematic Well-Known Member

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    We think of gold in terms of units of measure like ounces and grams.
    Its around $58.50 per gram.

    In time to come gold may be priced in fractions of a gram ....
     
    systematic, Aug 8, 2011
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  16. thatguy

    thatguy Active Member

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    lol I just told my wife that a kilo bar of silver was ~$1300 and what did she think a kilo bar of gold is Worth? A = $1900 Mwhahahaha!. When I told her $55k her jaw hit the ground. :D
     
    thatguy, Aug 8, 2011
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  17. jparrie

    jparrie Member

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    [​IMG]
     
    jparrie, Aug 8, 2011
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  18. goldpelican

    goldpelican Administrator Staff Member

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    Barely a month after starting this post...

    $60,000 USD a kilogram
     
    goldpelican, Aug 19, 2011
    #18
  19. Fe Mike

    Fe Mike New Member Silver Stacker

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    Explaining gold to Aliens:
    Gold is worth gold, weight for weight. (That's the secret.) How many coloured bits of paper you need to swap for a set weight varies from region to region and time to time . . . but gold is gold . . . right now, the green pieces of paper are more common, they're everywhere, so no-one wants them. :lol:
     
    Fe Mike, Aug 19, 2011
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