$3,000 Gold by Christmas of 2024?
asheland
Posts: 23,175 ✭✭✭✭✭
I’m starting to really think that it will be there… What do you guys think?
It’s been pretty wild watching the gains lately.
I used to be really in favor of silver, but I’m really changing direction lately. I’ve really warmed up to gold…
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i try not to dream
it leads to a hopium addiction
I recall hoping for gold to reach and maintain $2,000. Now above $2,600. I'll be satisfied if gold maintains $2,500 at year's end.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
It could happen - it really could - but I don't bet on any specific level.
I knew it would happen.
I think that is in the cards.
Not without some kind of accident, geo-political problem, or domestic upheaval.
It's only about 12% from here, but we're already extended. I'm bullish, but we need a pause and timeout.
Not without some kind of accident, geo-political problem, or domestic upheaval.
Open your eyes, and look around.
I knew it would happen.
I certainly think it can happen.
I have, I see corporate bond spreads and sovereign CDS spreads at or near record lows.
Fear mongering is always high in election years.
Knowledge is the enemy of fear
i could see it it but none to sure if its gonna stay in that area. to be seen i guess, fwiw
Missed the boat on gold. Lucked out a bit with silver. I can see gold top 2900 by years end. Only because I do not have any.
Don't see the world issues subsiding anytime soon. So gold should be safe due to that uncertainty.
I bought some at 2800 an ounce, highest I’ve ever paid, save for the 1/10 ounce, but I think I’ll be ahead on these before long…
I got all four gold Britannias, beautiful coins!
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Wow! I haven't transacted any gold in 3 or 4 years. I think you will be just fine on the long run. asheland, I think you were the first person to welcome me to this forum when I first joined 4 or so years ago.
Nice coins, Ashland!
I knew it would happen.
That’s awesome! This is my favorite forum by far and I like seeing people join!
I always try to tell people when I meet them in person to join these forums but very very few ever wind up doing it.
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Thank you!
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Gold is up 140% since The Wall Street Journal called it a pet rock
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If gold is a pet rock, what is bitcoin? Your imaginary friend?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If gold is a pet rock, what is bitcoin? Your imaginary friend?
lol
I knew it would happen.
They can call it what they want. I won’t afford their subscription price.
gold remains undervalued when adjusted for true inflation, which CPI doesn't accurately reflect
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
a breakout in the yuan price of gold—it appears that moment has arrived
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Perhaps you meant to say Swiss Francs? At least that is what appears the article is about when I go to it. But... certainly looks like a solid rise on the chart!
thanks, you are correct. my link has been corrected.
I read another article that claims chinese gold buying is about to ramp up once again. It was a big driver for the last price climb.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The Chinese economy -- along with the rest of the BRICs -- is in SEVERE crisis. They got a little spark from the latest stimulus but it's not enough. It's not a Big Bazooka, as they say.
China has HUGE demographic, structural, banking, and growth issues. Their citizens do not trust the Yuan, they want dollars or gold.
Can't access the dollar because of capital controls and the closed economy. Gold is the option.
Wonder when the g'ment policies will put an end to this new found wealth.
What do you mean ? What government policies and what new found wealth ?
When those those who have voted for it for the last 40 years are no longer the dominant voting block.
Knowledge is the enemy of fear
the lobbies re-plentish the voting block each election cycle. Will only get worse.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Gold extremely overbought. Selloff risk is high.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It is well over $3k. Has anyone seen the USMint prices on one ounce gold ?
I believe, unless expressly stated otherwise, all references to PM prices on the forum are spot prices. It helps us to continually compare apples to apples. Fabricated products will always carry a premium over spot.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Same could be said for US and Chinese stocks and bonds, and October can often have negative events.
High oil prices and money printing could bring back inflation, especially if oil facilities are hit in both Iran and Russia. Gold has way too many people getting greedy, but it could still push a bit higher on central bank buying, BRICS meeting, Middle East hotspots, probable election chaos, China stimulus, plenty of things happening the next month or two.
My US Mint Commemorative Medal Set
The difference is that FED policy/action is not designed to prop up gold as it is for equities. Gold is much closer to a true market and will react like a true market when it is overbought. It does not have artificial support.
It never left, it only did a better job of hidiing.
true dat. but oil will be the better play, diminishing gold's lustre.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
LOL, what not to do 101. THKS for the laugh. RGDS!
Markets like to climb a wall of worry.
Knowledge is the enemy of fear
Wow! Great response PerryHall!
Hope all my old Friends on here are doing well. Best wishes!
Liberty: Parent of Science & Industry
Welcome back. Hope all is good in Baleyville.
Knowledge is the enemy of fear
But gold is being accumulated which means dips will be bought.