With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
At least he posts the real world price. Not sure the futures price is relevant to anyone who actually stacks the metal. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
At least he posts the real world price. Not sure the futures price is relevant to anyone who actually stacks the metal. RGDS!
Why, just because the quantity is 100oz and not 1oz? Like it or not, the price paid for a futures contract is the price someone is willing to pay for gold (and sell gold for) for delivery in a month give or take. It's a valid price. The price is different at your local shop, on Craigslist, at APMEX, on the home shopping network channel, ebay, etc. that could also take weeks to deliver. Any argument that the futures price isn't a 'real world price' isn't valid. In fact, when premiums jump it can be cheaper to buy metal via futures contract than at your LCS. It's a data point just like everything else.
@MsMorrisine said:
can find current futures easily too
Right, but I only post new highs when they happen which again, the purpose of the thread is to announce new highs, not prices at random times through the day. Spot and cash always seem to be within1% of each other anyway so I'm not sure it makes a huge difference.
plus, that is kitco. cash market. there are those here that don't want to hear about futures at all.
Yes, a different market, but futures prices are relevant to the overall gold market too.
@jmski52 said:
I'm still stunned by the rapid rise in gold.
It's not that rapid. We've doubled in 5 years. In 1979-80, it doubled in a year...actually went up about 175% in 13 months and 30% in a month spiking into the January 1980 high.
It's not that rapid. We've doubled in 5 years. In 1979-80, it doubled in a year...actually went up about 175% in 13 months
It's doubled in a year and a half thus far. It may not go parabolic from here, but it could. I sure haven't seen money creation or spending slowing down at all. In fact, both are increasing. And the rest of the world has taken notice.
Q: Are You Printing Money? Bernanke: Not Literally
The dollar index is at the bottom of this channel and is likely to bounce although eventually I believe it will break through to the downside. But a surging dollar will give PMs serious headwinds.
@ProofCollection said:
The dollar index is at the bottom of this channel and is likely to bounce although eventually I believe it will break >through to the downside. But a surging dollar will give PMs serious headwinds.
@ProofCollection said:
The dollar index is at the bottom of this channel and is likely to bounce although eventually I believe it will break >through to the downside. But a surging dollar will give PMs serious headwinds.
@Wingsrule said:
Or a search for Hannes Tulving. Good business turned bad.
Then Northwest Territorial Mint and the seller in Vancouver, WA. plus a couple of large eBay sellers. Honestly I am waiting for the next one given this run-up without a pullback. I would be leery of any place that wants to hold your metal - or delays shipping...
Lest we forget who helped bring record prices: central banks. The price of gold is a reflection of faith in the currency it is priced in. Translation - central banks now prefer gold over dollars.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@derryb said:
Lest we forget who helped bring record prices: central banks. The price of gold is a reflection of faith in the >currency it is priced in. Translation - central banks now prefer gold over dollars.
Only at the margin. Their dollar holdings dwarf gold holdings.
They also want gold because if they are engaged in nefarious activity they want something untraceable.
Comments
Over $3900 tonight!
http://ProofCollection.Net
With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
http://ProofCollection.Net
can find current futures easily too
plus, that is kitco. cash market. there are those here that don't want to hear about futures at all.
and for those playing at home, when i post grabs, sometimes is the high of the day range is the reason for the post
3904 futs
3876 k
poor futures is pricing only an additional 28 in.
The gold miners in Alaska must be giddy!
100% Positive BST transactions
At least he posts the real world price. Not sure the futures price is relevant to anyone who actually stacks the metal. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Why, just because the quantity is 100oz and not 1oz? Like it or not, the price paid for a futures contract is the price someone is willing to pay for gold (and sell gold for) for delivery in a month give or take. It's a valid price. The price is different at your local shop, on Craigslist, at APMEX, on the home shopping network channel, ebay, etc. that could also take weeks to deliver. Any argument that the futures price isn't a 'real world price' isn't valid. In fact, when premiums jump it can be cheaper to buy metal via futures contract than at your LCS. It's a data point just like everything else.
Right, but I only post new highs when they happen which again, the purpose of the thread is to announce new highs, not prices at random times through the day. Spot and cash always seem to be within1% of each other anyway so I'm not sure it makes a huge difference.
Yes, a different market, but futures prices are relevant to the overall gold market too.
http://ProofCollection.Net
My first recollection on gold was in 2007 when you could by common decent raw Lib $20's for around $800.
Wish I had bought a few more than I did.
Over $3950 tonight, $4000 party coming.
http://ProofCollection.Net
And $50 silver.
$5,000 by 2030 (my old timeframe was 2035) is certainly no doable...we do need a time-out and time to re-base.
But it's not a stretch with 5 years to get there. Could we reach $10,000 by 2040 ?
Based on the prior two blowoff tops, I would not be surprised by $6,000 (possibly $7,000) by the end of April 2026.
Certainly different times now. Seems to be lots less restraints now (true price discovery?)
By then (2040) gold should easily reach my $126k target.
Where?
http://ProofCollection.Net
$4000 gold is here! ATH $4000.10.
http://ProofCollection.Net
$3956 here in The Commonwealth. No $4K yet. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'm still stunned by the rapid rise in gold.
I knew it would happen.
It's happening!!!! RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
futs passed 4025 already
looking for a bail out?
get out and bail!
the dollar index has risen since 6pm while gold has been going
I'm still stunned by the loss of purchasing power of the US Dollar.
There, I fixed it for you.
http://ProofCollection.Net
futs 4056 now
kitco 4035
It's not that rapid. We've doubled in 5 years. In 1979-80, it doubled in a year...actually went up about 175% in 13 months and 30% in a month spiking into the January 1980 high.
Here's a good futures link for all the overnight futures: stocks...bonds....ag products....PMs.
https://finviz.com/futures.ashx
But over longer periods of time, the Dollar is UP against a basket of currencies and gold has doubled:
https://www.tradingview.com/chart/?symbol=TVC:DXY
90% of all foreign exchange transactions involve the Dollar.
Don't Diss Da Dollar !!!
Apples and oranges. I said purchasing power, not exchange rate with other currencies.
http://ProofCollection.Net
What could stop the surge?
It's not that rapid. We've doubled in 5 years. In 1979-80, it doubled in a year...actually went up about 175% in 13 months
It's doubled in a year and a half thus far. It may not go parabolic from here, but it could. I sure haven't seen money creation or spending slowing down at all. In fact, both are increasing. And the rest of the world has taken notice.
I knew it would happen.
An old Tulving purchase is now officially a 10-bagger.
Fiscal sanity. That is not going to happen any time soon.
Yes, I agree, if you view the rise in gold as an asset appreciating against the US dollar.
But when you think of it as the US dollar depreciating against gold, you may think it's not surprising at all, rather, it's long overdue.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
The dollar index is at the bottom of this channel and is likely to bounce although eventually I believe it will break through to the downside. But a surging dollar will give PMs serious headwinds.
http://ProofCollection.Net
Yes, my 1st purchase while still in college is also a 10-bagger. Maybe 12-bagger.
Doesn't look like a collapse to me.
Who was Tulving and didn't he get into trouble a few years back ?
Who said it was?
http://ProofCollection.Net
4075 now
There is a good summary of the events and court case on cftc.gov, but I can’t get the link to show up here.
Or a search for Hannes Tulving. Good business turned bad.
Then Northwest Territorial Mint and the seller in Vancouver, WA. plus a couple of large eBay sellers. Honestly I am waiting for the next one given this run-up without a pullback. I would be leery of any place that wants to hold your metal - or delays shipping...
When would one NOT be leery of someone else holding your gold!?!
i don't care much about the price, my wealth that i worked so hard for is preserved and not getting inflated away
Lest we forget who helped bring record prices: central banks. The price of gold is a reflection of faith in the currency it is priced in. Translation - central banks now prefer gold over dollars.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Over $4100 now.
http://ProofCollection.Net
Only at the margin. Their dollar holdings dwarf gold holdings.
They also want gold because if they are engaged in nefarious activity they want something untraceable.