Gold will be eventually killed off by Bitcoin. Its not really good for anything else.
disagree. While BTC will temporarily steal thunder (funds) from gold it will eventually fall out of favor. Many technical or regulatory things can cause this. Face it - your money masters do not want to have to compete with cryptos, especially ones that can be used in lieu of dollars.
@Goldminers said:
Are the prices really futures, or just a glimpse of the past?
Rhodium just hit $27,000. That price rise is like Tesla and bitcoin. It was available for $2,000 one year ago in March!
Just once, I'd like to put some money in an investment that increases several fold over the course of a year!!! I've done the opposite several times...
That is so depressing to see. I was on a management and engineering team that moved to Ghana for a few years to help start what is now a world class, gold mine.
That area in the Congo could be developed much safer by a real mining company and the the people and government could benefit from hundreds of longer term jobs if it is a viable geologic district. Chances are some of these artisanal miners will be using mercury to get the finer gold out, which is very damaging to them and their children. Of course the military will be there soon for their share.
I remember your thread when you started it 1900. LOL . I remember the excitement at 2500 then 5000. I really thought Gold was on the move up. Looks like a downer at this point.
Another $6-$700 down and it may be time to buy again. Where's that guy who sold it all jut south of $2K? Was that you? Congrats!
No that wasn't me.
I mocked the poor gentleman at the time but it turns out he was right and I'm just still stupid ole me. RGDS!
It's shocking someone made a bad prediction in the precious metals forum
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......
Another $6-$700 down and it may be time to buy again. Where's that guy who sold it all jut south of $2K? Was that you? Congrats!
No that wasn't me.
I mocked the poor gentleman at the time but it turns out he was right and I'm just still stupid ole me. RGDS!
It's shocking someone made a bad prediction in the precious metals forum
m
It's even more shocking that someone in the pm forum admitted they were wrong about something. I thought I was lost for a quick minute
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......
Another $6-$700 down and it may be time to buy again. Where's that guy who sold it all jut south of $2K? Was that you? Congrats!
No that wasn't me.
I mocked the poor gentleman at the time but it turns out he was right and I'm just still stupid ole me. RGDS!
It's shocking someone made a bad prediction in the precious metals forum
m
It's even more shocking that someone in the pm forum admitted they were wrong about something. I thought I was lost for a quick minute
m
Reality, remember reality? It used to be what was important. I'm completely in the toilet on some wind and solar stocks. Makes my gutter metal and doggie coin investments look stellar. LOL Stack on and good luck to you sir!
Comments
I'm looking at the dollar moving up short term, and volatility of silver VXSLV 53.07, and gold GVZ 22.39
It's right where it is.
https://www.kitco.com/commentaries/2020-09-25/Will-gold-prices-hold-above-the-100-day-moving-average.html
$2400 gold, 40 silver by end of year.
The things I don’t always agree with are always worth considering.
Perhaps this could be the year she goes past $2K and never looks back.
Go Debt!
Hurray??
Be only concerned with how many ounces you own.
Not the 'price' of that ounce.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
But will it keep up with the coming inflation? At least it will do a better job than a declining currency.
The things I don’t always agree with are always worth considering.
!
!
$1815 to start the new week.
I knew it would happen.
And more than 2 weeks later....it's at $1,807.
Cripes, I never thought I'd see the day and I'm not throwing in the towel yet but maybe gold is becoming just another gutter metal. UGH!
$1600 Gold / $100 Silver
Gold will be eventually killed off by Bitcoin. Its not really good for anything else.
Loves me some shiny!
disagree. While BTC will temporarily steal thunder (funds) from gold it will eventually fall out of favor. Many technical or regulatory things can cause this. Face it - your money masters do not want to have to compete with cryptos, especially ones that can be used in lieu of dollars.
After many listed corporations decide to convert their cash holdings into BTC for "safety," (As Tesla and Square have been doing) a BTC crash at some point could cause a stock market crash.
The things I don’t always agree with are always worth considering.
.
Why not $3200/$200?
Knowledge is the enemy of fear
I'd figure $5K gold, $25 silver, $0 bitcoin once the current cycle completes. 5-7 years max.
gutter metals are $0
I'm currently showing all Kitco live quotes as unavailable. The Bulgarians must be revaluing precious metals as we speak. To da MOON!
Nevermind, back up and we are down $6.20 lol
the gutter metal is up
how many more $30 drop days will be necessary to turn recent buyers into sellers - and we will finally see premiums drop?
they will drop. . . and then they will return.
The things I don’t always agree with are always worth considering.
The cycle will repeat indefinitely until this "gutter metal" has lost its luster and usefulness.
What a gold frenzy looks like.
The things I don’t always agree with are always worth considering.
So much for social distancing. SMH
Good for them! I hope they find a lot of hills and mountains of gold.
fav comment : "Think somebody started a rumour to save on excavating costs?"
Loves me some shiny!
It looks more like they may be trying to dig for survivors/bodies at a collapsed mine shaft site.
gold red, gutter metal green (and do not say it is green because it is thinly plated copper)
ooops. spot has both falling. i was looking at futures
Are the prices really futures, or just a glimpse of the past?
Rhodium just hit $27,000. That price rise is like Tesla and bitcoin. It was available for $2,000 one year ago in March!
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Just once, I'd like to put some money in an investment that increases several fold over the course of a year!!! I've done the opposite several times...
That is so depressing to see. I was on a management and engineering team that moved to Ghana for a few years to help start what is now a world class, gold mine.
That area in the Congo could be developed much safer by a real mining company and the the people and government could benefit from hundreds of longer term jobs if it is a viable geologic district. Chances are some of these artisanal miners will be using mercury to get the finer gold out, which is very damaging to them and their children. Of course the military will be there soon for their share.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
I remember your thread when you started it 1900. LOL . I remember the excitement at 2500 then 5000. I really thought Gold was on the move up. Looks like a downer at this point.
buying op?
when!?
Under $1700!
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Another $6-$700 down and it may be time to buy again. Where's that guy who sold it all jut south of $2K? Was that you? Congrats!
No that wasn't me.
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I mocked the poor gentleman at the time but it turns out he was right and I'm just still stupid ole me. RGDS!
It's shocking someone made a bad prediction in the precious metals forum
m
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......
When it comes to investing, Im shootin' for 100% winners, but happy with 51%
$1600 Gold / $100 Silver
Loves me some shiny!
It's even more shocking that someone in the pm forum admitted they were wrong about something. I thought I was lost for a quick minute
m
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......
Reality, remember reality? It used to be what was important. I'm completely in the toilet on some wind and solar stocks. Makes my gutter metal and doggie coin investments look stellar. LOL Stack on and good luck to you sir!
Yeah that happened. :roll
$1600 / $10 is MUCH more likely.
Could very well be.
What goes up....
Successful BST transactions (as a buyer) with @ArchStanton, @JGnumismatics, @r00kies101, @derryb, @76collector, @Pachucko, @brendanlam, @Coll3ctor. I am looking for fractional gold Krugerrands, by year: 0.5oz: 2014, 2020, 2023 | 0.25oz: 1992, 1994, 2002, 2020, 2023 | 0.10oz: 1990, 1992, 1994, 2010, 2020-2021
$5 copper? Must be a winner! Come On Copper!
comment was made July 2020.
I blinked & look what happened