@Jzyskowski1 said:
Well after some consideration I’m leaving this thread. I’m not the right person for this conversation. I’ve spent months watching and have realized I really don’t care for this kinda irrational information ( at least to me). My last chart. Dropping like a rock , ofcourse 😂. Bye guys.
What do you mean by irrational information? There is a psychology to market movements. And gold does suffer from emotional buys and sells.
It broke through the 1980 support. It could head for 1920 which was a gap that needed to be filled. [See a prior post. ]
The future is always unknown. But markets generally inch up over time with a while lot of up and down in the middle. Pre-Covid good was in the 1500s. Did to a lot of fear, or may have just gotten ahead of itself.
I’m not getting what I thought out of following the market. Not saying a single solitary thing about how ,why or even if that’s right or wrong.
I’m not able ( at this stage of my development). to find any reason to continue on this path.
Now my directions or collecting needs have many questions about various assorted aspects of the hobby but I have found I can devote my time toward other areas of information and receive more “relevant “ data to me.
Sorry for the confusion. Thanks 🙏
i don't think we will ever see 1850 again, the reason is the next debt ceiling deadline which will be in January 1, 2025, the debt to GDP ratio will be at 145 percent, at 5 percent interest, the country will not have enough income to make the monthly payment, the can can't be kicked down the road anymore, unless congress raises taxes, and they would need to raise taxes alot, similiar to Canada, which most are in 50 percent tax brackets
@coinpalice said:
i don't think we will ever see 1850 again, the reason is the next debt ceiling deadline which will be in January 1, 2025, the debt to GDP ratio will be at 145 percent, at 5 percent interest, the country will not have enough income to make the monthly payment, the can can't be kicked down the road anymore, unless congress raises taxes, and they would need to raise taxes alot, similiar to Canada, which most are in 50 percent tax brackets
@Jzyskowski1 said:
Silver taking a beating. Gold holding a lot better. Thanks 🙏
Gold finally closed the gap at 1920 that I had mentioned a while back. It needs to hold or we may find ourselves back at 1850 where this thread started.
Yesterday's visit to Empire Mine State Historic Park, site of one of the most successful hard rock gold mines in the United States. It operated up until 1956 and was subsequently acquired by the State of California when it was preserved as a State Park. With the price of gold at its current levels it has once again become feasible to open a new gold mine on adjacent property and reportedly two million dollars has been invested in that endeavor.
Reading David Bower's LIBERTY HEAD DOUBLE EAGLE book.....the focus after 1880 is how many of the Double Eagles were struck at the San Francisco Mint and were used in commerce and trade as the U.S. gained on and then eclipsed Great Britain as a financial and economic power.
It's a theme that Bowers repeats in numerous chapters associated with a different year of LH DEs.
@GoldFinger1969 said:
Wow, the mine was sold a few months before the October 1929 Stock Market Crash.
I wish I had photographed the feature, but there was a display titled something to the effect that there was no depression there at the mine.
Many great corporations were born during the Depression. People forget that the effects are not the same for everyone. After all, even with 25% unemployment, 75% of the people are still working.
I feel better now 🥳. $25 silver just has a good sound to it.
Now if gold will just stop pussyfooting around and get on the dang $2000+ train. Doesn’t have to be much. It can bounce between $2000-$2050 all it wants. Take a week. Heck take a month. Just get on with it. Thanks 🙏🥳
Comments
What do you mean by irrational information? There is a psychology to market movements. And gold does suffer from emotional buys and sells.
It broke through the 1980 support. It could head for 1920 which was a gap that needed to be filled. [See a prior post. ]
The future is always unknown. But markets generally inch up over time with a while lot of up and down in the middle. Pre-Covid good was in the 1500s. Did to a lot of fear, or may have just gotten ahead of itself.
Sorry, I ment irrelevant.😁
I’m not getting what I thought out of following the market. Not saying a single solitary thing about how ,why or even if that’s right or wrong.
I’m not able ( at this stage of my development). to find any reason to continue on this path.
Now my directions or collecting needs have many questions about various assorted aspects of the hobby but I have found I can devote my time toward other areas of information and receive more “relevant “ data to me.
Sorry for the confusion. Thanks 🙏
🎶 shout shout, let it all out 🎶
GOLD $1,977.74 (+20.19)
Another weekend - at least heading in the upward direction to the $2,000 "threshold" again.
GOLD $1,972.39 (+12.94)
Back close to where we were over 10 days ago.
GOLD $1,959.93 (+11.82)
Close to another week and edging back up in a positive direction.
Your last 3 posts are 1977, 1972, and 1959. If it continues in this upward direction, we are going to see 1850 again.
i don't think we will ever see 1850 again, the reason is the next debt ceiling deadline which will be in January 1, 2025, the debt to GDP ratio will be at 145 percent, at 5 percent interest, the country will not have enough income to make the monthly payment, the can can't be kicked down the road anymore, unless congress raises taxes, and they would need to raise taxes alot, similiar to Canada, which most are in 50 percent tax brackets
Japan.
Japan is a good example, just over 50 percent. they have cheaper heath care though
That wasn't really my point. Japan's debt is at 250% of GDP and they remain in a deflationary cycle.
the tax hike is already under discussion, people making under 400,000 are going to get hit hardest
https://www.crapo.senate.gov/media/newsreleases/jct-confirms-democrats-proposals-increase-taxes-on-all-americans
The "uptrend" continues. 😀
GOLD $1,964.58 (+3.74)
Now another week. It is at least starting off with a upward trend from where Gold was priced a week ago.
1950
🎶 shout shout, let it all out 🎶
GOLD $1,958.79 (+16.94)
Holding the course as the paint dries.
They are rising
🎶 shout shout, let it all out 🎶
Silver taking a beating. Gold holding a lot better. Thanks 🙏
🎶 shout shout, let it all out 🎶
Gold finally closed the gap at 1920 that I had mentioned a while back. It needs to hold or we may find ourselves back at 1850 where this thread started.
🎶 shout shout, let it all out 🎶
$1,917.70
fka renman95, Sep 2005, 7,000 posts
My YouTube Channel
Today - GOLD $1,908.59 (+1.15) an ounce.
Yesterday's visit to Empire Mine State Historic Park, site of one of the most successful hard rock gold mines in the United States. It operated up until 1956 and was subsequently acquired by the State of California when it was preserved as a State Park. With the price of gold at its current levels it has once again become feasible to open a new gold mine on adjacent property and reportedly two million dollars has been invested in that endeavor.
Thanks for posting.
🎶 shout shout, let it all out 🎶
$1916
There's a 1916 Saint, right of the 'bean', two coins down.
fka renman95, Sep 2005, 7,000 posts
GOLD $1,919.66 (+11.37)
With the weekend arrived, here we go again comfortably back above 1900.
Wow, the mine was sold a few months before the October 1929 Stock Market Crash.
Reading David Bower's LIBERTY HEAD DOUBLE EAGLE book.....the focus after 1880 is how many of the Double Eagles were struck at the San Francisco Mint and were used in commerce and trade as the U.S. gained on and then eclipsed Great Britain as a financial and economic power.
It's a theme that Bowers repeats in numerous chapters associated with a different year of LH DEs.
I wish I had photographed the feature, but there was a display titled something to the effect that there was no depression there at the mine.
Many great corporations were born during the Depression. People forget that the effects are not the same for everyone. After all, even with 25% unemployment, 75% of the people are still working.
GOLD $1,924.82 (+3.22)
Another week with it now the close of the 4th of July. Staying the course.
GOLD $1,931.13 (+5.81)
Yet another week.
GOLD $1,956.25 (+24.06)
That didn't take long. Once again over the century mark above 1850 gold.
Let’s not let this jump pass bye without a little notice 🥳
🎶 shout shout, let it all out 🎶
YUPPERS
That’s almost $25 silver 🥳
Edit: it’s over $25🤠
🎶 shout shout, let it all out 🎶
GOLD $1,975.91 (+20.92)
Significant move upward.
It’s sure trying to get over $2000
Now silver is behaving nicely. $25 +.
🎶 shout shout, let it all out 🎶
Thanks so much for sharing
I enjoy your travels and particularly your pictures. 👍🏼
🎶 shout shout, let it all out 🎶
Thanks so much for sharing
I enjoy your travels and particularly your pictures. 👍🏼
🎶 shout shout, let it all out 🎶
GOLD $1,984.18 (+7.21)
Looks like you were correct.
Looky here
🎶 shout shout, let it all out 🎶
GOLD $1,959.00 (+13.40)
Staying above 1950 as we head into the weekend.
I just noticed I had not been to this thread in a bit. Clicked on gold today and it is at $2004. Maybe time for a push higher.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Here’s what I’m seeing. Everything up. Silver trying to hold at $25 and is doing good at staying above $24.
Thanks 🙏
🎶 shout shout, let it all out 🎶
I feel better now 🥳. $25 silver just has a good sound to it.
Now if gold will just stop pussyfooting around and get on the dang $2000+ train. Doesn’t have to be much. It can bounce between $2000-$2050 all it wants. Take a week. Heck take a month. Just get on with it. Thanks 🙏🥳
🎶 shout shout, let it all out 🎶
Silver. Yikes
🎶 shout shout, let it all out 🎶
GOLD $1,902.83 (+7.98)
Anyone surprised? Gold back again over $1,900.
Not really. It's still sitting on lower support. If it makes another move down, you might see $1820
Not sure where it goes next but for at least a moment might need to pull that truck up off the bottom of the cliff.
https://youtube.com/watch?v=2YNufnS_kf4 - Mama I'm coming home ...................................................................................................................................................................... RLJ 1958 - 2023
GOLD $1,915.85 (+18.25)
Onward and upward.