Well, maybe you heard: the price of gold reached a 7-year high yesterday, achieving a price per ounce of $1566. Take another look at Grandma's wedding band, that keepsake you've been holding for 30+ years. Sell or hold, the age old question. Your kids don't want it; your wife has her own; and you might lose it anyway. It's probably worth $200, maybe more. Hmmmm.
Newmont Goldcorp and Barrick Gold Corp also benefited. Hold their stock? Good for you, but you wish you had a few hundred more shares, right? Maybe it would make sense to hold a few Krugerrands or maybe Mexican 50 Peso? The Mayor likes the big peso because it's a nice looking design and has more than the standard 1 ounce wt. Palladium soared over $2000 the ounce-incredibile. Platinum appraoches $1000/oz.
How about silver? It has gone over $18/oz to $18.40. Where are those Kennedy halves I used to hold? Or did I give them away last Christmas to the kids? I can't remember. Oh, well. Keep your eyes open. If gold reaches $2000/oz, I'm heading down the hill to Highway 49 with shovel and gold pan-in an hour I can make 5-10 grand easy, even in a snow storm. Bring it.
Eureka!
Lake Tahoe, California's Alpine playground, is anchored on the west shore by Homewood/Tahoma, straddling two counties:Placer and El Dorado. The mayor of Tahoma posts information related to the area and items of interest to residents and visitors alike. Its goal is to be informative, humorous, and timely. Hope you enjoy the site.
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