Gold at another new record high. Ho. Hum.

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Casey Jones said:
Like we paid to import 20-40 million invaders, and are now paying to feed and house in 5-star hotels.
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Speaking of, can ya imagine what the Roosevelt Hotel will look like inside once it (if it ever) quits being used as a homeless shelter? I bet it'll be trashed inside.
 
Joe King said:
Speaking of, can ya imagine what the Roosevelt Hotel will look like inside once it (if it ever) quits being used as a homeless shelter? I bet it'll be trashed inside.
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Yeah, I can imagine it.

All across the country.

Which is one MOAR reason I'm not spending my retirement years touring the country - as I'd planned to do, on a motorcycle. But, between the low-wage garbage that hotels now have to hire; and the vermin they've been raking in government money to house...no. Just, no.

Hotels, restaurants...just not good places to be in or avail one's self of.
 
Gold prices rose to hit a lifetime high on Thursday, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve's policy path.

Spot gold XAU= was up 1.4% at $2,796.15 per ounce, as of 11:07 a.m. (1603 GMT), hitting its record high level at $2798.24 earlier in the session. U.S. gold futures GCcv1 climbed 2% to $2,824.
 


I have to believe that a lot of those hotels are going to have to be bulldozed after housing the third world for so long. No telling what condition the insides are going to be like or how many diseases have been left behind.
 
Joe King said:
At the least, bed bug infestations.
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That ain't funny. Remember, I was a railroader for 20-plus years. Crew dorms at away-from-home terminals went away in 1975 or so - forbidden by the FRA, because of the horrific conditions they offered. Typical was the PRR Conway Yard (Pittsburgh) dorm - still used as an office and classroom building, with the dorm area turned into storage.

It was 300 feet from the "retarders" on the switching hump. The retarders press on the insides of the railcar wheel-sets, to slow speed if they come down the hump too fast. The screeching noise is terrific.

Okay. What replaced the dorms wasn't much better - bottom-tier hotels and motels. Not (quite) residence hotels; but just a step up. CSX, when they entered the picture in our area (bought part of Conrail) put up their own new hotels, to ward off complaints and stop struggles in soliciting bids. Franchised brands, typically Southern brands. Trouble is, CSX was Woke before Woke was a Thing. Hire an army of scum to run the new hotel, and it becomes a flophouse in weeks.

To the point: BEDBUGS. Yeah. The CSX-covert-hire hotel staff, would rent, over and above railroad needs, not so much to the public - few would come. But to the by-the-hour trade. I really feel for the schlub johns that bought some of what was being sold; because hours later, with allegedly-fresh sheets, a lot of our crews got bed lice.

Not just a couple - it was a big enough problem that we had a special union meeting about it.

I've been REAL conscious about hotel cleanliness since. In my traveling days, I'd stay at Holiday Inns - they actually did a good job, pre-Plandemic. Since, I haven't had the money for leisure travel. I wonder how they are, now.
 
Ttazzman said:
i imagne its a end o month trader thing if i were guessing in light of the dollar being up also .....
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Feb 1 was Trump's tariff target. That and the news of the BoE delayed deliveries hitting major media yesterday and I'm not surprised gold is catching a bid today even with China's trading markets closed for a one week holiday.
 
pmbug said:
Feb 1 was Trump's tariff target. That and the news of the BoE delayed deliveries hitting major media yesterday and I'm not surprised gold is catching a bid today even with China's trading markets closed for a one week holiday.
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i 100% agree this certainly could be positioning before the perceived Feb 1st tariff goal
 
nickndfl said:
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Back when CSX absorbed us, and gave us new, improved hotel lodging sites...some of us started carrying pocket battery-powered UV lights. Back 25 years ago, they were around.

We stopped when we came to realize that no facts, no evidence, was gonna change their minds. That was the essence of the change, to the men - Conrail management listened to us, worked with us. CSX management was sadistic - liked to fire men just to scare the others; liked to withhold pay just because they could; bribed the union officials for fun.

We just had to trust our immune systems. Most of us came through it okay, although some with bed lice.

I kept a sleeping bag in the other end in my locker, along with plastic sheeting the same size. I'd throw them over the bedspread and use my clothes bundle for a pillow.

That's the insane world, where in a century, gold goes from $20 to $3000, and is undervalued at that...
 
Good.

I always thought that, allowing unrestricted trade with Mexico would do what it did with Japan - move work there, enable the indigenous people to build their economies up, and create a modern industrial society.

Yes, with Japan. NO, with China, and Mexico. Russia seems to be doing it without American help, and more slowly.

But, to Mexico...I've had it with Globalists like Stellantis' Tavares, and whoever is running Toyota, now...going there because the labor is cheap, and not caring that the resultant product is crap. Toyota trucks made in Mexico are VASTLY different from those made in Japan or San Antonio in years past. Nobody seems bothered by that, except buyers.

Stop this crap. Mexico, forgetting who held the cards, has been baring its teeth over these repatriated invaders, now. SLAP THEM DOWN.

I want that Wall built; and NO checkpoints. That damn CP-KCS railroad that runs into Siestaland - CUT THOSE TRACKS.

I'm becoming a born-again Isolationist. Another big, beautiful Wall to keep out the Canukistan threat, would please me as much.
 
Appliances made by Julio are crap too. When you go south of the border QC follows.

I think Musk should create a whole new division that manufactures appliances in the USA including stoves, ovens, microwaves, refrigerators, washer/dryers and water heaters. Somebody needs to make appliances that function and last more than 5 years.
 
The big thing stopping that, is the damned EPA "regulations."

If those get ash-canned, all that's needed is to locate the old specs and plans, and recreate them. Top-load washers, with sturdy old-school electric motors...and twenty years of service.

We did it once, before the koledge kidlets stopped studying engineering and instead went into government jobs...to REGULATE our way of life out of existence.
 
it was only hours ago that the experts were discussing if $2800 would hold
How long before we hit the big 3k ?
 
The more I hear Trump, the more I want PM's. I can't believe this guy.
 
Gaza. he intends to use the U.S. military to drive 2.3 million people out and then rebuild just to give it to the israelis.
 

More:

Citi's Shocking Gold Forecast: $3,000 and Climbing!

Citi raises its gold price target to $3,000, citing physical demand and geopolitical risks. Key drivers include central bank purchases and de-dollarization trends.
www.scottsdalemint.com

$3,400 by year end...
 
Craig Hemke summarizes recent developments:
...
The past week has brought more signals that the wholesale/institutional gold and silver markets are getting tighter and tighter. For this week's post, let's summarize what we've seen.
...
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More:

Recent Developments in Gold and Silver

Gold and silver markets are tightening, with London deliveries delayed and COMEX seeing record demand. Learn why this could impact gold prices. Buy gold, buy silver.
www.sprottmoney.com

 

More:

Gold Market Commentary: Snakes and ladders

www.gold.org
 
Fatrat said:
The more I hear Trump, the more I want PM's. I can't believe this guy.
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LOL....its great its like watching a fireworks show......just when you think its calming down a whole new cluster of explosions.......certainly not boring
 
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It's a variation of the old poker saying "if you can't figure out who he is going to fuck next, its you"....
 
$3001 ... still battling to decisively breech the $3000 call wall.
 
That is for an ounce :
$4698 in $AUD
€2753 eur
£2308 pounds
¥447,910 yen
250,082 rubles
21,699 china beans
260,956 rupees
 
pmbug said:
$3001 ... still battling to decisively breech the $3000 call wall.
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They're still trying to hold it down. Central banks - who have both the means (derivatives) and motivation (they want to increase exposure but want the price lower, not higher, unlike the emotion-driven retail trade).

Listening to several podcasts this morning. I think it was Rickards, who got into that with Cambona, pointing out that it's the sovereign wealth funds and central banks who want to buy large quantities more, but want the price as low as possible until they meet their purchase goals. It's the only rational explanation for the continued low price with huge buy orders and shipments of physical.
 
Using 1861 as the base for the trend line seems arbitrary to me as the treatment for gold with respect to the dollar was different from modern times. The trend line really should begin in 1971 for apples to apples comparison. And yeah, doing that really changes where the line projects the price to top out today.
 
Back in November, I had a brother-in-law call me and say he was going to buy $10k worth of silver. I convinced him to buy gold instead. He's happy.
 
Silver has resistance at $35. Once that is solidly breeched, it should get to $50 pretty quick.
 
I got my son to start buying 2 years ago. He was able to buy when Au was < $1900 and platinum < $950. He also picked up a little bit of silver < $30.

His favorites are pre-33 numis and 1/2 oz Canadian silver polar bears he got just.over spot in a special sale.
 
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