Congratulations to gold - New all time highs! $5600+!!!
Comments
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Over $3900 tonight!
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@MsMorrisine said:
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.
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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 kpoor futures is pricing only an additional 28 in.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions1 -
The gold miners in Alaska must be giddy!
email: ccacollectibles@yahoo.com
100% Positive BST transactions0 -
@ProofCollection said:
@MsMorrisine said:
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????
Retiring at 55, what day is today?
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@blitzdude said:
@ProofCollection said:
@MsMorrisine said:
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 tooRight, 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.
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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.
It is not that life is short, but that you are dead for so very long.0 -
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Over $3950 tonight, $4000 party coming.
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And $50 silver.
----- kj2 -
$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 ?
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Based on the prior two blowoff tops, I would not be surprised by $6,000 (possibly $7,000) by the end of April 2026.
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Certainly different times now. Seems to be lots less restraints now (true price discovery?)
----- kj1 -
@GoldFinger1969 said:
$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 ?
By then (2040) gold should easily reach my $126k target.
@tincup said:
And $50 silver.Where?
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$4000 gold is here! ATH $4000.10.
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$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????
Retiring at 55, what day is today?1 -
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I'm still stunned by the rapid rise in gold.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.1 -
It's happening!!!! 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?2 -
futs passed 4025 already
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions0 -
looking for a bail out?
get out and bail!
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions0 -
the dollar index has risen since 6pm while gold has been going
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions1 -
@jmski52 said:
I'm still stunned by the rapid rise in gold.I'm still stunned by the loss of purchasing power of the US Dollar.
There, I fixed it for you.
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futs 4056 now
kitco 4035
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions1 -
@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.
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Here's a good futures link for all the overnight futures: stocks...bonds....ag products....PMs.
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@ProofCollection said:
I'm still stunned by the loss of purchasing power of the US Dollar.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 !!!
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@GoldFinger1969 said:
@ProofCollection said:
I'm still stunned by the loss of purchasing power of the US Dollar.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.
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What could stop the surge?
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".0 -
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
I knew it would happen.0 -
An old Tulving purchase is now officially a 10-bagger.
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@BLUEJAYWAY said:
What could stop the surge?Fiscal sanity. That is not going to happen any time soon.
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@jmski52 said:
I'm still stunned by the rapid rise in gold.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.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)3 -
@BLUEJAYWAY said:
What could stop the surge?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.
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@Wingsrule said:
An old Tulving purchase is now officially a 10-bagger.Yes, my 1st purchase while still in college is also a 10-bagger. Maybe 12-bagger.
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@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.Doesn't look like a collapse to me.
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@Wingsrule said:
An old Tulving purchase is now officially a 10-bagger.Who was Tulving and didn't he get into trouble a few years back ?
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@GoldFinger1969 said:
@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.
Doesn't look like a collapse to me.Who said it was?
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@GoldFinger1969 said:
@Wingsrule said:
An old Tulving purchase is now officially a 10-bagger.Who was Tulving and didn't he get into trouble a few years back ?
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.
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Or a search for Hannes Tulving. Good business turned bad.
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@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...
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When would one NOT be leery of someone else holding your gold!?!
Now riding the swell in PM's and surf.4 -
i don't care much about the price, my wealth that i worked so hard for is preserved and not getting inflated away
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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.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Over $4100 now.
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@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.
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