Macquarie said $3,500 by Q3 is possible, near-term $3,150.
Reports that Russia has depleted their gold holdings DURING the rise...they dumped the WMG's years ago and killed the price but gold held up. If they decide to replenish, that's more demand. Their SWF is down by 75% as the war in Ukraine is decimating their finances.
I keep seeing reports that there is "no froth" in the market. Means multiple buyers/bidders underneath....folks want INTO this market which bodes well for more buying.
@GoldFinger1969 said: Macquarie said $3,500 by Q3 is possible, near-term $3,150.
Reports that Russia has depleted their gold holdings DURING the rise...they dumped the WMG's years ago and killed the price but gold held up. If they decide to replenish, that's more demand. Their SWF is down by 75% as the war in Ukraine is decimating their finances.
I keep seeing reports that there is "no froth" in the market. Means multiple buyers/bidders underneath....folks want INTO this market which bodes well for more buying.
The debt markets are saturated, too much supply, little demand, and that's not going to change. Stocks are not a great place to be and not going to be attractive for quite a while to come. Although there's been pretty good action already, this is just the beginning of a big commodity bull market.
@RedneckHB said:
If, in 2003 (or 2004 or 2005, lest not be accused of cherrypicking as they had 1000 days to make these hypothetical investments), derryb invested $10,000 in gold and goldfinger invested $10,000 in the sp-500 who would have a higher balance today?
who would have been taking the greatest risk? Who is taking the even greater risk today? Risk assessment is not a component of your investment strategy? Good luck wid dat.
Freedom is like inflation: you lose 2-3% every year. Slow enough that you don't even notice.
@RedneckHB said:
If, in 2003 (or 2004 or 2005, lest not be accused of cherrypicking as they had 1000 days to make these hypothetical investments), derryb invested $10,000 in gold and goldfinger invested $10,000 in the sp-500 who would have a higher balance today?
who would have been taking the greatest risk? Who is taking the even greater risk today? Risk assessment is not a component of your investment strategy? Good luck wid dat.
Very good point. One can always find something that performed better, but the key part of any investment is the risk. What any investor should seek is assymtric risk/reward, and I reckon that's commodities right now.
@RedneckHB said:
If, in 2003 (or 2004 or 2005, lest not be accused of cherrypicking as they had 1000 days to make these hypothetical investments), derryb invested $10,000 in gold and goldfinger invested $10,000 in the sp-500 who would have a higher balance today?
who would have been taking the greatest risk? Who is taking the even greater risk today? Risk assessment is not a component of your investment strategy? Good luck wid dat.
Risk? Define that.
But the answer to the question is that both would have the value. Both the same.
Your biases (you and PC) automatically went to thinking I was trying to dismiss gold and cheer equities. That's never been my motive, never, but that's how your closed-minded biases attack logic and reason. It just takes a little effort of doing one's own research. It ain't hard. And that's all I've ever tried to accomplish by asking these questions. But time and time again, no one ever tries, instead tetreating to their comforting echo chamber prisons and biased narrative.
I asked this question in regards to your incessant view of gold being suppressed, sold short, and manipulated. This is often stated in conjunction with equities being manipulated to high or unjustified prices. Yet, both assets have performed the same. It certainly doesn't seem gold has been suppressed, especially when compared to one that you say has been massively overinflated. I'm just providing a logical and reasoned response to your unsubstantiated and evidence lacking opinion.
@RedneckHB said:
It certainly doesn't seem gold has been suppressed, especially when compared to one that you say has been massively overinflated. I'm just providing a logical and reasoned response to your unsubstantiated and evidence lacking opinion.
Why suddenly is gold much higher? What fundamentals have changed? Maybe price suppression is now not as effective.
Do stock valuations remain extremely high? Maybe they are moving lower.
Maybe one has been suppressed and the other has been pumped full of QE cash. Maybe, just maybe, reality is now more in focus.
Freedom is like inflation: you lose 2-3% every year. Slow enough that you don't even notice.
Comments
It's official. $3K God Bless the Metal of Kings. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
The demand for platinum NEVER materialized and gold continues to have multiple buyers.
Russia dumped both -- one got crushed, the other rose.
Macquarie said $3,500 by Q3 is possible, near-term $3,150.
Reports that Russia has depleted their gold holdings DURING the rise...they dumped the WMG's years ago and killed the price but gold held up. If they decide to replenish, that's more demand. Their SWF is down by 75% as the war in Ukraine is decimating their finances.
I keep seeing reports that there is "no froth" in the market. Means multiple buyers/bidders underneath....folks want INTO this market which bodes well for more buying.
$3,100 for a typical extruded Engelhard 100 Oz bar.
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
The debt markets are saturated, too much supply, little demand, and that's not going to change. Stocks are not a great place to be and not going to be attractive for quite a while to come. Although there's been pretty good action already, this is just the beginning of a big commodity bull market.
http://ProofCollection.Net
who would have been taking the greatest risk? Who is taking the even greater risk today? Risk assessment is not a component of your investment strategy? Good luck wid dat.
Freedom is like inflation: you lose 2-3% every year. Slow enough that you don't even notice.
The Great Gold Leasing Conspiracy
Freedom is like inflation: you lose 2-3% every year. Slow enough that you don't even notice.
Great artucle, thanks!
Very good point. One can always find something that performed better, but the key part of any investment is the risk. What any investor should seek is assymtric risk/reward, and I reckon that's commodities right now.
http://ProofCollection.Net
Whoever leased the gold and sold it into the market to depress the price is in a world of hurt now that they have to replace it.
I knew it would happen.
Thank you.
Risk? Define that.
But the answer to the question is that both would have the value. Both the same.
Your biases (you and PC) automatically went to thinking I was trying to dismiss gold and cheer equities. That's never been my motive, never, but that's how your closed-minded biases attack logic and reason. It just takes a little effort of doing one's own research. It ain't hard. And that's all I've ever tried to accomplish by asking these questions. But time and time again, no one ever tries, instead tetreating to their comforting echo chamber prisons and biased narrative.
I asked this question in regards to your incessant view of gold being suppressed, sold short, and manipulated. This is often stated in conjunction with equities being manipulated to high or unjustified prices. Yet, both assets have performed the same. It certainly doesn't seem gold has been suppressed, especially when compared to one that you say has been massively overinflated. I'm just providing a logical and reasoned response to your unsubstantiated and evidence lacking opinion.
Why suddenly is gold much higher? What fundamentals have changed? Maybe price suppression is now not as effective.
Do stock valuations remain extremely high? Maybe they are moving lower.
Maybe one has been suppressed and the other has been pumped full of QE cash. Maybe, just maybe, reality is now more in focus.
Freedom is like inflation: you lose 2-3% every year. Slow enough that you don't even notice.