Gold at another new record high. Ho. Hum.

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nickndfl said:
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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Your a better dad than me lol...as my kids were growing up I gifted them au and ag for gifting occasions.... probably 10 yrs ago my son sold me back most of his to put into the s&p500....my daughter has always had me hold hers for her ...... could never get either one to invest more.....my daughter may change her mind soon as her last trip to India she was exposed to a gold saving culture and commented on it...maybe they think dad has them covered lol
 
I'm still trying to educate my kids. They are just starting to reach an age/maturity to where these issues will hold their attention for more than 5 seconds. 🤣
 
Any other ticker showing gold over $3100?
This thread is a year old in a few days
 
Those people will miss their window of opportunity:

pmbug

Silver Squeeze 2.0 Comprehensive Thesis

silversqueeze.jpg

Last night, I participated in an impromptu, late night Spaces on X hosted by SilverDegen and (at various times) 20-40 members of the X #silversqueeze community. At the start of the session, some folks were asking some very basic questions and it occurred to me that there are a lot of people that haven't been following this silver story as closely as I have for the last few months or years. There seems to be some confusion on the mechanics of what is happening in the silver markets as well as the goals and potential impact of a retail #silversqueeze...
  • Thanks
 
It’s end of Q1 today so a beat down would not surprise me
Below $3100 is an easy target but they would love to get it below $3000 .
 
As said recently, pretty soon only central banks, hedge funds and rich individuals will be holding gold. This move is incredible. IMHO, the next move up by BTC will be more aggressive, but right now everybody is starting to realize what exactly is gold. There is some FOMO going on in retail with new buyers.
 
Sunday night trading was likely the insurance companies in China, newly added as SGE trading desks, buying gold up to the currently 1% cap authorized by the Chinese government. $.02
 
pmbug said:
The importance of this is hard to wrap the head around. The dollar has lost so much value/purchasing power since it's inception. It used to be "so much more convenient than carrying heavy coins". We've crossed a Rubicon of sorts here. Gold foil notes like @Goldback become more attractive every day.
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nickndfl said:
This is once in many generations move the last 2 years. If we are at $4k by the end of the year we are in big trouble.
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Yes, thank you.

Gold isn't rising. The dollar is in free-fall. We see this with prices - especially prices of Financial "products," mortgages, auto loans, and auto and home insurance. The egg fiasco was due to something else, but the general rise of staples and necessities, also shows an instability in number-of-dollars / number-of-widgets balances.

I'm grateful that I'm inflation-proofed; but I'm not immune to food shortages or open lawlessness.
 
Well I got my beat down to below $3000 but it didn’t happen in time for end q1
And today we have another £100 day, this time an up day and a $120 up day for foreign folk

Yay ,
 
rblong2us said:
Well I got my beat down to below $3000 but it didn’t happen in time for end q1
And today we have another £100 day, this time an up day and a $120 up day for foreign folk
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not foreign, just US : )
 
I told my son to wait on a purchase when it was $29xx earlier in the week. I expected it to go below, but it reversed. Just goes to show you never know.
 
Give it a few [hours/days/weeks.]

Remember some talking about $100/day swings on old gim? I don’t remember the context. That’s still a small percent, but
 

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“I remember the good old days when gold was $3100.”

Ah yes them were the good old days before the Trump recession 🙃
 
It's has had quite a run lately, it could have quite a pull back. Or it could be $4K before the years out.
 
They cannot dump all the bonds because they would also need to devalue the yuan in the middle of the night
 
Speaking as one small voice, I haven't stopped.

I happened to have a spare $3500 land in my lap. What, I gonna keep it in fiat-dollars, maybe in a BANK? Subject to bail-ins without notice?

Or maybe...STAWXXX!! Like the parrots on all the channels tell all the old people and Democrats.

Nope...I took it down to the Contrarian Bank, otherwise known as Ye Olde Gold & Silver. Bought eight fractional (1/10 oz) coins.

Overpriced? Sure seems like it. Also seems like the wheels are coming off everything. I don't think gold is gonna go down, and I KNOW that TPTB aren't going to tolerate real deflation. The unrepayable sovereign debt is insurance of that.

Stack on, bugs.
 
Gold, silver, blue steel and lead...Last purchases, a 1903 S&W Hand ejecter and some silver dimes...
 
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