Gold hits $1,100 - Holy Cow!

As I was standing in the elevator this morning I was watching that little screen we have in there that gives me all the news I need for the day. Usually it's sport scores or other trivia like a funny word. But today I saw the gold prices have hit the $1,100 mark. That's pretty amazing.

I remember my days working in the pawn shops in LA where we would melt all the excess gold and take it downtown to sell it to one of the jewelery dealers for cash. I mean these were not gold bullion coins or anything fancy like that. We would take all the crap scraps - hoops earrings, cheap chains, bent rings. We would then get out the old welding torch and melt everything in a brick mold. Then we'd cool it off and voila, we had a gold brick to sell.

I remember they used to give us the exact carat and I doubt we ever made it past 12K. The high quality gold was always cleaned and shined and then placed in the display cases for people to buy. The 22K stuff was usually bought by the gypsies. And if that ring had an assortment of diamonds in it, those gypsies would buy them faster than we could put them out for sale.

So why am I talking about gold and gold coins today? You need to check out Goldsgain.com and take advantage of the gold market. They have a lot of free information about gold coins, gold bullion, investing in gold and more. Maybe you can get an idea about how to get some gold in your IRA account. Maybe you have some rare coins and you want to know how much they are worth.

Anyway, if you make any money from your golden ideas, be sure to send some my way. But for a parting gift, here's a great scene from "Golden Child":



FTC Crap Disclaimer: Review. Duh!