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Gold just shot up!!! $70.00 in 6 hours!! $1970.00 at time of writing...

Where is it gonna go from here???
Platinum and Palladium are cruising up just as well..

Thank you, Heavenly Father, for first loving us.

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Comments

  • VanHalenVanHalen Posts: 3,771 ✭✭✭✭✭

    Glad I filled up my gas tank Tuesday. Saved $9 vs filling up today!

  • JimTylerJimTyler Posts: 3,004 ✭✭✭✭✭

    Don’t put on your party hat 🥳 yet

  • LukeMarshallLukeMarshall Posts: 1,883 ✭✭✭✭✭

    Somebody didnt like that

    It's all about what the people want...

  • rte592rte592 Posts: 1,387 ✭✭✭✭✭

    O sure the newbie kills the silver buzz.
    Way to go newbe :o

    Just jerking your chain...
    WELCOME to the party.

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,252 ✭✭✭✭✭

    @VanHalen said:
    Glad I filled up my gas tank Tuesday. Saved $9 vs filling up today!

    Time for me to buy some more "I did that" stickers for my local gas pumps.

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    edited February 24, 2022 8:38AM

    There will continue to be ups and downs, however, it will stay in the new neighborhood until the European situation changes and inflation is contained/lowered. Major developments in Europe could send gold over 2K.... Cheers, RickO

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,252 ✭✭✭✭✭

    @JimTyler said:
    Don’t put on your party hat 🥳 yet

    Agreed. Expect gold to go into the red by the end of today's trading.

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,252 ✭✭✭✭✭

    I did not need to wait till the end of the trading day to see gold in the red. Down $20 as I write.

  • johnny9434johnny9434 Posts: 27,333 ✭✭✭✭✭

    It settled down for now, we shall see

  • 0ronron0ronron Posts: 248 ✭✭✭

    That was a quick ride up and DOWN....

    Thank you, Heavenly Father, for first loving us.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I expect we will see a few more of these cycles over the next week or so... Plus, we have mega inflation to deal with.... Will be interesting for a while.... Cheers, RickO

  • It's frustrating watching the Quashing. Every time it appears silver is poised to break $25 and has a modicum of momentum or gold is going up_ for real_, the quashing hammer comes smashing down. As a true believer and good acolyte I continue to 'keep the faith" 'cause I know with all the horseshite there's a pony in there somewhere. :-)

  • taxmadtaxmad Posts: 960 ✭✭✭✭

    Here we go again...

  • PerryHallPerryHall Posts: 45,209 ✭✭✭✭✭

    @taxmad said:
    Here we go again...

    Yup. It's Monday morning in Asia so gold trading has started for the week. If peace breaks out and Biden gets inflation under control, gold will start falling back to the 1800's or even lower.

    Worry is the interest you pay on a debt you may not owe.

  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭

    Palladium-on another tear.

    Now riding the swell in PM's and surf.
  • jmski52jmski52 Posts: 22,271 ✭✭✭✭✭

    I just read that anything connected to Russian bonds or other Russian assets has beaucoup counterparty risk. That being the case, any connections of those investments to leveraged (derivative) investments is likely to precipitate another "Lehman moment" in the good old banking system cartel.

    Gee, unless the Fed creates enough additional free money to cover the losers, again. And again. And again.

    Continued liquidity problems expected. Got PMs?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,252 ✭✭✭✭✭

    Gold will be back into the red for the day by days end. Up in Asia-Europe and beat down in New York.

  • coinpalicecoinpalice Posts: 2,435 ✭✭✭✭✭

    gold stocks are manipulated during u.s. trading hours

  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    With the stock market tanking... there may be some gold selling to cover losses. Thus driving the price down. B

    ----- kj
  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    Normally in a geopolitical crisis, you'd expect gold to rise, but in this case, the Russians will likely be big time sellers. Much of this may not hit the open market, however, as the Chinese may be the biggest buyers.

    Higashiyama
  • cohodkcohodk Posts: 18,512 ✭✭✭✭✭

    @Higashiyama said:
    Normally in a geopolitical crisis, you'd expect gold to rise, but in this case, the Russians will likely be big time sellers. Much of this may not hit the open market, however, as the Chinese may be the biggest buyers.

    Agreed. Only question is how much will be the discount.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • element159element159 Posts: 493 ✭✭✭

    @Higashiyama said:
    Normally in a geopolitical crisis, you'd expect gold to rise, but in this case, the Russians will likely be big time sellers. Much of this may not hit the open market, however, as the Chinese may be the biggest buyers.

    This will probably be gold's biggest monetary finance use since the gold standard was dropped, assuming Russia must sell gold to compensate for being cutoff. Gold may be called on for real!!

    image
  • meluaufeetmeluaufeet Posts: 746 ✭✭✭

    @Higashiyama but in this case, the Russians will likely be big time sellers

    Russian central bank to resume gold purchases on domestic market from Monday
    Reuters https://www.reuters.com/business/finance/russian-central-bank-resume-gold-purchases-domestic-market-monday-2022-02-27/

    Maybe, maybe not.

  • jmski52jmski52 Posts: 22,271 ✭✭✭✭✭

    Russia has significant leverage with oil & gas and may not need to sell much gold - and China needs oil & gas. And they've already made trade agreements to run around SWIFT - indicating cooperation between them, to the dollar's detriment.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    If Russia says they are buying gold, it may be cover for selling activities.

    Higashiyama
  • cohodkcohodk Posts: 18,512 ✭✭✭✭✭

    @Higashiyama said:
    If Russia says they are buying gold, it may be cover for selling activities.

    Agreed. They willbuy domestic production while simultaneously selling holdings.

    In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    Interesting prediction cohodk. Not sure what to make of it.

    ----- kj
  • blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭
    edited March 2, 2022 4:41PM

    @cohodk said:

    @Higashiyama said:
    If Russia says they are buying gold, it may be cover for selling activities.

    Agreed. They willbuy domestic production while simultaneously selling holdings.

    In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely.

    I'd give ya the taxmad LoL but must say I agree. sleep well. RGDS.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,033 ✭✭✭✭✭
    edited March 5, 2022 4:27PM

    @cohodk said:

    In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely.

    political commentary that violates forum rules voluntarily removed.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely.

    WW III begs to differ with you.

    Hopefully you dug your bunker deep enough. Oh by the way what's the current apmex overpriced ASE premiums these days? I saw my paper gutter was up a tick.

    The whole worlds off its rocker, buy Gold™.

  • morgansforevermorgansforever Posts: 8,426 ✭✭✭✭✭

    PM's are up so is everything else, $4 bucks a gallon here for 87 octane in a week or two.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭

    Good luck finding “on fire Palladium” Eagles below inflated.

    Now riding the swell in PM's and surf.
  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭
    edited March 3, 2022 11:05AM

    Platinum, trying to break out but struggling unlike it’s white metal brother:
    Just a bit above spot:

    Now riding the swell in PM's and surf.
  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭
    edited March 3, 2022 11:49AM

    @cohodk said: "In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely."

    Are you thinking that China may coerce a kind of "Louisiana Purchase" of Russia's East Asian territory? In the short term, it seems unlikely that China would risk a war, though they might gradually increase cross border migration and squeeze the Russians out.

    Higashiyama
  • morgansforevermorgansforever Posts: 8,426 ✭✭✭✭✭

    @morgansforever said:
    PM's are up so is everything else, $4 bucks a gallon here for 87 octane in a week or two.

    4 bucks a gallon everywhere overnight, diesel in my area was $3.69 yesterday now $4.79 ish.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,252 ✭✭✭✭✭

    @morgansforever said:

    @morgansforever said:
    PM's are up so is everything else, $4 bucks a gallon here for 87 octane in a week or two.

    4 bucks a gallon everywhere overnight, diesel in my area was $3.69 yesterday now $4.79 ish.

    A Summer of discontent is on the way.

  • cohodkcohodk Posts: 18,512 ✭✭✭✭✭
    edited March 3, 2022 5:16PM

    @derryb said:

    @cohodk said:

    In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely.

    WW III begs to differ with you.

    How so?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,512 ✭✭✭✭✭

    @Higashiyama said:
    @cohodk said: "In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely."

    Are you thinking that China may coerce a kind of "Louisiana Purchase" of Russia's East Asian territory? In the short term, it seems unlikely that China would risk a war, though they might gradually increase cross border migration and squeeze the Russians out.

    The Russian govt will collapse. China will bring money and machinery to the Siberian people. Not a shot will be fired. Nothing the world will do about it.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,033 ✭✭✭✭✭
    edited March 5, 2022 4:06PM

    @cohodk said:

    In less than 10 years the country we now call Russia will cease to exist. And China will have increased their geographic footprint immensely.

    political commentary that violates forum rules voluntarily removed.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    @derryb - I agree with part of this.

    I agree that Putin is smart, but I think he is isolated, angry, misjudged the West, and is out of touch with his own people. With regard to the last point, there has been a big generational shift in Russia. In the long run, the impact of sanctions on Russia’s professional class will be more significant than the impact on oligarchs. They like interacting with the West; visits to London or Paris or Venice. They have had substantial access to Western media, and will know exactly why Putin is cutting them off from it.

    The Russian middle class will also not be quiescent forever. Russian Moms don’t want their sons dying in pointless wars any more than ours do.

    It is impossible to guess Putin’s longevity in office. Probably a 95 % confidence interval would be 1 -10 years? Maybe skewed to the lower end?

    Higashiyama
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited March 5, 2022 10:09AM

    @Higashiyama said:
    @derryb - I agree with part of this.

    I agree that Putin is smart, but I think he is isolated, angry, misjudged the West, and is out of touch with his own people. With regard to the last point, there has been a big generational shift in Russia. In the long run, the impact of sanctions on Russia’s professional class will be more significant than the impact on oligarchs. They like interacting with the West; visits to London or Paris or Venice. They have had substantial access to Western media, and will know exactly why Putin is cutting them off from it.

    The Russian middle class will also not be quiescent forever. Russian Moms don’t want their sons dying in pointless wars any more than ours do.

    It is impossible to guess Putin’s longevity in office. Probably a 95 % confidence interval would be 1 -10 years? Maybe skewed to the lower end?

    Mostly agree. I think Putin thought NATO would capitulate and division in the US was a likely outcome so he would go largely unchecked. He was banking on autocracy over democracy. He was wrong. So not smart. He is dangerous as he is isolated, paranoid, deranged and running out of options. He is also likely embarrassed so far by the Ukrainians.

    Russia has the GDP of Spain.This Is not the old Soviet Union.

    m

    Walker Proof Digital Album
    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......
  • derrybderryb Posts: 36,033 ✭✭✭✭✭
    edited March 5, 2022 4:07PM

    @Justacommeman said:

    @Higashiyama said:
    @derryb - I agree with part of this.

    I agree that Putin is smart, but I think he is isolated, angry, misjudged the West, and is out of touch with his own people. With regard to the last point, there has been a big generational shift in Russia. In the long run, the impact of sanctions on Russia’s professional class will be more significant than the impact on oligarchs. They like interacting with the West; visits to London or Paris or Venice. They have had substantial access to Western media, and will know exactly why Putin is cutting them off from it.

    The Russian middle class will also not be quiescent forever. Russian Moms don’t want their sons dying in pointless wars any more than ours do.

    It is impossible to guess Putin’s longevity in office. Probably a 95 % confidence interval would be 1 -10 years? Maybe skewed to the lower end?

    Mostly agree. I think Putin thought NATO would capitulate and division in the US was a likely outcome so he would go largely unchecked. He was banking on autocracy over democracy. He was wrong. So not smart. He is dangerous as he is isolated, paranoid, deranged and running out of options. He is also likely embarrassed so far by the Ukrainians.

    Russia has the GDP of Spain.This Is not the old Soviet Union.

    m

    political commentary that violates forum rules voluntarily removed.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited March 5, 2022 12:03PM

    @derryb said:

    @Justacommeman said:

    @Higashiyama said:
    @derryb - I agree with part of this.

    I agree that Putin is smart, but I think he is isolated, angry, misjudged the West, and is out of touch with his own people. With regard to the last point, there has been a big generational shift in Russia. In the long run, the impact of sanctions on Russia’s professional class will be more significant than the impact on oligarchs. They like interacting with the West; visits to London or Paris or Venice. They have had substantial access to Western media, and will know exactly why Putin is cutting them off from it.

    The Russian middle class will also not be quiescent forever. Russian Moms don’t want their sons dying in pointless wars any more than ours do.

    It is impossible to guess Putin’s longevity in office. Probably a 95 % confidence interval would be 1 -10 years? Maybe skewed to the lower end?

    Mostly agree. I think Putin thought NATO would capitulate and division in the US was a likely outcome so he would go largely unchecked. He was banking on autocracy over democracy. He was wrong. So not smart. He is dangerous as he is isolated, paranoid, deranged and running out of options. He is also likely embarrassed so far by the Ukrainians.

    Russia has the GDP of Spain.This Is not the old Soviet Union.

    m

    Aside from foreign hands being inserted into Russian pockets, he has gone militarily unchecked by any of the outsiders who publicly condemn his actions. While he is both dangerous and now isolated he has largely shown restraint as he methodically moves towards his goals. I think we can all agree that had he desired to do so he could have begun and ended the whole affair in very short time but at an extreme and unacceptable cost to the region. For this reason I disagree that he is paranoid or deranged. I also think he fully weighed and understood the economic fallout and would not have moved forward if he and his country were not prepared for it. I do not like him but I do like the fact that he is willing to tell the rest of the world "the hell with globalization."

    He's deranged and unhinged and plays to those who favor autocracy . Unfortunately autocracy is trending up. He wants Russia to roll back to Soviet Union times. What he is doing is rolling back the clock to the dark ages. Unfortunately the big winner in all of this is China as they sit and wait.

    m

    Walker Proof Digital Album
    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......
  • derrybderryb Posts: 36,033 ✭✭✭✭✭
    edited March 5, 2022 4:07PM

    political commentary that violates forum rules voluntarily removed.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,512 ✭✭✭✭✭
    edited March 5, 2022 12:45PM

    @Higashiyama said:
    It is impossible to guess Putin’s longevity in office. Probably a 95 % confidence interval would be 1 -10 years? Maybe skewed to the lower end?

    Less than 18 months. The Russian soldiers are not fighting for anything other than the lies of a paranoid and delusional megalomaniac. They are not fighting for 40 virgins or even revenge. If this escalates these poor young men will see military might that they only dreamed about. They will turn back towards their homes (or Moscow) and fight against tryanny. Thats a cause all Russians would embrace.

    Russia (Putin) has committed suicide.

    If a democracy can develop in the aftermath of their collapse, another global economic boom will commence similar to the fall of the Eastern Bloc in the early 90s. 100 million Russians will be welcomed into the 21st century.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,512 ✭✭✭✭✭

    @derryb said:
    I think he's simply trying to prevent NATO missiles from being parked on his border. As the country's leader I'd say he's doing his job.

    Nato wouldnt need to park missiles on his doorstep if he wasnt deranged and paranoid. He has done a massive disservice to his country for 25 years. Now he has killed it.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    @cohodk said: Less than 18 months.

    I sure hope you’re right. It’s not out of the question.

    Regarding democracy in Russia, if Putin falls democracy, is certainly a possibility—they have many of the prerequisites; the big missing component is a history of democracy and the trust element of social capital. But, as you say, if it happened, the “peace dividend” would be huge, for everyone, including of course the Russians.

    Higashiyama
  • derrybderryb Posts: 36,033 ✭✭✭✭✭
    edited March 5, 2022 4:08PM

    political commentary that violates forum rules voluntarily removed.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Anyone who deploys the type of weapons he is against civilian targets plus who threatens the use of nuclear weapons is deranged. I think it's fair to draw the line there.

    I have a zero tolerance for Putin apologists or those with a authoritarian agenda.

    m

    Walker Proof Digital Album
    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......
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