Gold Bubble?? Up $208 to $5389
Mike59
Posts: 424 ✭✭✭✭
Gold hits $5380 up $201. Can we actually see a bubble in Gold?? I love the prices of all the precious metals but I’m starting to feel like I’m in the twilight zone. What do you think??
MIKE B.
0
Comments
Fasten your seatbelt, tighten your helmet strap with nomex hood on as G-Force is increasing...
Who knows?
I'm expecting a major correction after the insane price run up.
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
Tether is the Hunt Brothers of gold. Take the time to see who is behind it. Eventually the crash will be Epic. Look before you leap into bankruptcy . 🤑🤑🤑
Ever heard the Jesse Livermore quote of "be right and sit tight?" This is the sit tight part.
It's not a bubble.
Gold isn't going to do a massive reversal like silver will.
Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?
Bubble?!!!!
We're just in the 3nd inning of this commodity bull cycle.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
How do you figure that. I like the USD, but Tether is a stable coin valued at $1 backed by US Treasuries (I think 80+%) and Gold (<20%). Since there is no debt, like the USD, or lending, where's the bankruptcy?
god bless The Metal of Kings. BOOMIN!™ RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Pretty much as I expected pre-Covid. Even got that up-$300 day I long warned about !!
No bankruptcy for Tether they will make billions. It’s the little investors suckered in in hopes of huge gold profits. Tether has purchased over 50 tons of gold in the last two quarters and now hold more gold than a lot of countries. Crypto generates most of its profits for selling off one coin and buying another. When they unwind this coin to invest in their new approved in the US coin
The sell off of tons of gold will cause an epic crash that will wipe out many that bough gold at the artificial prices. Look at who owns and is involved in Tether and the future will be obvious. Tether is trying to operate as a central bank without all the regulation and look at the people involved.
A bad move will be an epic financial disaster.
They now claim to hold 140 tons of gold which could have an epic affect on the price of gold. Buyers beware !!!
He didn't do that in September 1929 !!!
dupe
There are some analysts that say that gold will climb to $6k. I’m going to go out on a limb and say tha> @HATTRICK said:
Can you tell me where you get your numbers from (tether)? I’m reading that they are looking to allocate more money into gold.
They purchased 26 tons in the third quarter and 27 tons in the fourth quarter and are still buying. I have an amazing flock of little birds but can not reveal to protect the guilty.
What bothers me is their new coin in the United States and some of the parties involved and the unregulated activities that could occur and the movement of the gold in the “ring around the rosie” between their different coins. If it got to the point where there was a voluntary or involuntary liquidation of their gold position it would be epic.
Tether also the BRICS.
Perhaps a gold backed currency to rival $ is planned but who trusts the BRICS?
new opinions?
Read an article talking about the "world's biggest coin conference in Germany last week" -- any idea which one they are talking about ?
I am told they are throwing the dead silver cat over the cliff. May be a little bounce at $40.
Be prepared to hold it for another 10 -15 years if you didn’t sell at the high. If you bought at the peak may god have mercy on your bankrupt soul.
Pretty much sums up life in the gutter. It seems an opportunity comes along about once a generation. CNGRTS to those who took advantage. As the saying goes: "Bulls make money, bears make money, but pigs get slaughtered". RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?