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A boost of the price of AU, why?
joeykoins
Posts: 14,896 ✭✭✭✭✭
Anyone notice the pretty good surge in Gold today? Almost $20 over night. Does anybody have any suggestions as to why? Silver, also seem to had risen as well? Could it be because Trump had apparently pardon former Illinois governor, Rod Blagojevich? LOL.
Just wondering? $20 can make many collectors run to coin shops to exchange for cash. We'll see how long it stays high? Thanks 
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.0
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Companies - like Apple - are in trouble because of the Coronavirus in China.... impacting the supply lines to the U.S. - stocks are down...Money flows into gold and silver....How long will it last? How high will they go? Now, if you knew the answer to those questions....$$$$
Cheers, RickO
I'm sure Apple won't be alone in this mess. There must be many other companies relying on China's exports, no?
I remember, growing up all you heard was the famous words, "Made In China"!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Speculators must speculate. Nature of the beast.
When I was growing up it was "Made in Japan".
Apple isn't the only one, just the first of the biggest companies. Others will follow.
Lance.
This probably should be posted in the PM forum.
Global events affect PM prices short term. The majority of the time the stock market is down, key commodities like Gold and Silver go up. Yet long term both increase.
A $20 movement has very little affect on slabbed or graded values.
As for running to coin shops, that isn't realistic. Most bullion investors use long term strategies. The gold/silver ratio is more important. True long term bullion investors prefer owning a high percentage of silver when the ratio is high, then converting silver to gold when it drops significantly, like 30 to 1. Buy 90 ASEs today and convert them to 3 AGEs for example.
When gold last hit $1,700 silver was just below $50.
Think from an investment standpoint. What would you put your money in if you sold today? Unless you were sure that Gold would crash, why would you sell today and lose against the premiums to buy back in?
Is it me or is silver undervalued.
It's you.
+10,000
Yes, and they been trying to kill us the last few years! @lkeigwin , it was with me "Made in Japan" I don't remember Japan trying to kill us. Think about it.
Unfortunately the gold that I have left are pieces that I want to keep.
Collector, occasional seller
Let’s see Japan once attacked us on a Sunday morning I believe. China’s civilians helped the US when we bombed Tokyo. ( they helped rescue pilots who had to ditch when they ran out of fuel) The Japanese then retaliated against the China civilians and slaughtered 10’s of thousands of them for helping US Service Men. Americans buy German goods in record numbers. Enemies can become friends out of convenience it seems. Basically people are good everywhere. The leaders not so much.
Golds move today was very small. I would put zero into it.
Apple is just off of its all time high. Last week I mentioned that Apple would be the barometer for Wall Street concern over the Coronavirus. It not that concerned apparently so far. Apple went down just 1.8% today after almost doubling over the past year or so. Hopefully it pulls back some more.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Toilet paper vs real assets. Reality always seems to find away to balance things back out.
The whole worlds off its rocker, buy Gold™.
Currently Gold is responding to the bond market. People are chasing yield on a global basis. Even though Gold doesn’t have a yield per se, it does have capital appreciation. Follow the direction of the bond market and Gold will have an inverse correlation to bonds. Not daily. Directionally. If the United States 10 year note has an effective yield of 1.00% you will see $1,800.00 Gold. Gold has hit ALL TIME HIGHS against the Yen and the EURO...
I don't believe that the 10 year U.S. Treasury has fallen below an effective yield of 1.38%, ever.
If I am wrong by a wide margin, please feel free to correct me.
You didn’t see $14 Trillion in negative sovereign debt either...
Basing/tying a gold price prediction to an event which has never happened isn't terribly reasonable or professional.
I can easily remember reading (in the early 1970s) people predicting that a $100 million annual Federal budget deficit would be "the death of the dollar".
The ole Casino clock seems to be ticking a bit faster these days. First one to the bottom wins. Semper!
The whole worlds off its rocker, buy Gold™.
We’re a far cry from the death of the USD...
Just issue a few of these:
All debt gone for many years.
No problems at all.
Yep, just devalue all your current wealth in the process. No problemo.
The whole worlds off its rocker, buy Gold™.
@mustangmanbob said:
Just issue a few of these:
All debt gone for many years.
No problems at all.
You mean, no more debt.
That doesn't mean no problems at all.
It means no more trust at all.
I knew it would happen.
Gold already terrifies governments. That's good enough for me.
Currently the bond market is driving the bus for Gold…
In early February 2020 the United States Treasury sold $19 Billion of 30 year bonds at the Lowest Yield Ever.
Currently the 30 year bond is yielding 2.011%
For the past 3 years there has been an 84% inverse correlation between Gold prices and the USD Index.
That correlation Stopped a few months ago when the worldwide negative yields on sovereign debt started driving the bus.
Currently the USD Index is at 99.71. IF that number holds it would be the Highest close since 04/21/2017.
Currently Gold is trading at a bid of $1,607.00. IF that number holds it would be the Highest close since 02/14/2013.
Again for years the strength/weakness of the USD drove the bus for Gold. Not anymore.
Currently with approximately 25% of worldwide sovereign debt having a negative yield, people are looking for yield (capital appreciation) wherever they can get it…and Gold is getting a Bid…
Rhodium is over $10,000 / oz - again. The last time that happened it soon fell down a long way.
This is a new World out here. Bitcoin is strong again. The easy money is measured in the Billions.
Imagine what your Life would be like with an easy $80 000,000,000 to toss around. Run for POTUS ? Sure, why not.
Soon you could Collect Coins with YOUR smiling Face on them.
I don't remember Japan trying to kill us. Think about it.
If I'm not mistaken, I believe it was their top priority beginning on December 7, 1941 thru August 9, 1945. I'm almost sure I read about it somewhere.
The conditions are all right for it; numerous hedge fund gurus see gold as a good bet; silver tends to get more volatile. For a number of years $1600 was a floor for gold and $30 for silver.
I think there will be a small sell off and then a run to 1,700 before the end of the year with the bull run ending at 1,900/ounce
Both metals have made another jump today!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.My broker said that younger investors are buying bitcoin and the like instead of gold as a hedge against the dollar falling. Fortunately there are a few of us dinosaurs around who still believe in gold.
Age and guile beat youth and a bad haircut every time. PJO.
No, sonny. I will NOT give you a tenth ounce of gold for your skateboard.
Fiscal irresponsibility.
Seriously was going to pen something like, well a 62 is often a 58 in some eyes..hence price of many AU's have gone up lately.
Few moments later, I put down my gold pen, and took another sip of my drink.
Complete Disconnect between the 10 year U.S. Treasury and Gold/Silver
Air coming out of Silver Bubble
United States Treasury Bonds still Driving the Bus