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  #1  
Old 11-03-2010, 03:04 PM
Pooka
 
Join Date: Sep 2005
Posts: 664
Election fallout....

Check out the price of Gold today.

Falling, falling, falling.....

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  #2  
Old 11-03-2010, 03:08 PM
Pooka
 
Join Date: Sep 2005
Posts: 664
The old wisdom was one oz. of Gold was equal to ten bbls of oil.

If this holds true then Gold will fall to about $820 an oz before it stops.

It opened today at $1362 and fell to about $1340 before it started to recover a bit, so it has a good ways to go before it bottoms out.

Hopefully the price of guns will start to fall as well.
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  #3  
Old 11-03-2010, 05:06 PM
Hatterasguy's Avatar
Zero
 
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,318
Yeah, now all the end of the world wacko's will lose their shirts.

Guns have fallen, ammo has a bit to but not as much as I would like.
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  #4  
Old 11-03-2010, 06:58 PM
Pooka
 
Join Date: Sep 2005
Posts: 664
I think ammo just has too many fixed costs to fall that much. I am talking new ammo here.

But private party sales? I guess that depends on how bad the seller needs the cash.

I don't shoot much these days as I am a little to old to get out like I used too, but I can remember the late 1960's when surplus ammo from WW 2 could be had cheeeeeeeep!

I think that is the only thing about the 'good old days' that I miss.

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