$1800 gold again today?

Ethereum and Palladium, rocking the Casbah.

Yes, but with the slip in the dollar against other major currencies over the past few weeks, gold is actually going down in price, just not in dollars. It takes the same amount of dollars to buy gold now but less pounds or euros now to buy the same amount of gold. So buy in pounds or euros but they cost more dollars now. So you get less gold for your money. It's going down in price, just not in dollars. Gold-Dollar-Foreign Exchange-It's 3D chess.

As soon as I see a thread lead like this, I short the metal. I recommend you treat my metals predictions equally optimistically

But then again I called rhodium last April.. Or was it the year before?

Ethereum $3500

I am kind of shocked how silver has under performed most other assets since the great financial crisis of 2008. I remember silver selling for $19 back then. Today it's only a lowly $27. A pitiful return over 13 years. Compare that to the stock market or to almost any cryptocurrency asset.

I agree Winged liberty, silver has way under performed but I would not want to compare anything to crypto returns, right now!
Comparison is the thief of joy, after all.

@jmlanzaf said:

@1northcoin said:

@Crackout said:
+$1800 is finally here!

And within 3 days.

GOLD $1,816.75 (+29.44)

Ethereum nearing $3600

I bought some ETH at 700. Now I want to use it to buy a coin but........what if it keeps going up......but what if it goes back down. Frozen

@Gazes said:

@jmlanzaf said:

@1northcoin said:

@Crackout said:
+$1800 is finally here!

And within 3 days.

GOLD $1,816.75 (+29.44)

Ethereum nearing $3600

I bought some ETH at 700. Now I want to use it to buy a coin but........what if it keeps going up......but what if it goes back down. Frozen

It’s a nice problem to have.

Nice ride!

@jmlanzaf said:

@Gazes said:

@jmlanzaf said:

@1northcoin said:

@Crackout said:
+$1800 is finally here!

And within 3 days.

GOLD $1,816.75 (+29.44)

Ethereum nearing $3600

I bought some ETH at 700. Now I want to use it to buy a coin but........what if it keeps going up......but what if it goes back down. Frozen

I think I mentioned before that I always liked Ethereum. Developers are actually building for the network and they actually use the ethereum network, unlike most crypto.

I'm still holding my ethereum. But I did sell all the other cryptosc that I had

Those with significant profits sometimes feel as if selling is an all or nothing deal when it is not.
You can always sell just a portion of your position, even a fraction of a “coin” and take some off the table to invest elsewhere- or take profits- while keeping a portion for that “just in case it keeps running to the moon”.

I too have some Etherium, along with a handful of other Crypocurrencies and I did just that when Bitcoin had that huge run up in 2017. I kept a decent portion of that initial investment while taking a healthy chuck of profits to spend on other things. I had purchased prior to that in very early 2017, ETH at under $300 even. When it all tanked after the 2017 run up, I held on, pretty much forgetting it and considering it dead money. Well, it has really surprised me with its tremendous run up!

My point isn’t so much to gloat over this- which I admittedly am doing ;-)
but, to point out that one can take off part of a position while still holding on to some, if only holding a token fraction of the previous position. There are many investments that- had I done THIS, over the years, instead of bailing on all- even that former “token” position would have amounted to tremendous windfalls!

Just sharing some hard earned investment wisdom here friends.

Wonder if the following would make any difference today

DWAC did quite well today, wish I’d brought more. Guess I’ll pull my stop loss and sell half for a nice profit since after hour trading strong.

Coin value calculations use the 5:23 AM PDT gold price for October 22, 2021:
Gold $1799.32/oz 15.72

@jmlanzaf said:

@Treashunt said:
Coin value calculations use the 5:23 AM PDT gold price for October 22, 2021:
Gold $1799.32/oz 15.72

Well it changes every second. Currently 1804.20

yup:

Gold $1804.74/oz 21.14

@ElmerFusterpuck said:
Fun to watch, but I'm glad I rode index funds over the past 3 decades instead of piling up gold in the corner and watching it not tarnish.

Agreed. Gold is really best for traders not hoarders over long time frames.

Not this week

Oct 22, 2021 17:00 NY Time

Bid/Ask 1792.00 / 1793.00

@moursund said:
Is this the thread where people come to check the gold spot price?
I sure hope somebody keeps updating it every few minutes...

No this is the thread for dreamers 😉🙀

Gold and silver price expectations have a direct correlation on how exciting the coin market is to many people. When prices are stagnant or low compared to expectations, many people lose interest in common coins as well. It is not necessarily the actual price of precious metals but the price compared to the expectations people have based on the media, the economy, history, and even social media.

I am curious if coin dealers agree with this assessment. What do you think?

Top right of this page, Coinflation.

@Steven59 said:

@1northcoin said:
GOLD $1,781.17 (+15.65)

[ At least gold appears to be creeping back up to $1800 once again.]

Key word "Appears" - Hey, Look over here - Gold is creeping up - DON'T look over here, so is the cost of gas and food. It's a vicious scenario..........

Yeah, gold may beat inflation in the near term (or not) but not my cup of tea for investment