Gold at another new record high. Ho. Hum.
- Thread starter <SLV>
- Start date
Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
yep....im impressed ....wonder what bad financial news is about to come out
Everyone's waiting for the next shoe to drop. We've got ALL KINDS of instability - legal instability, as Deep-State puppet kangaroos clash with DOGE and Trump people - honorable in some ways, naive or compromised in others. The 50 million invaders, waiting for their activation orders - and as if deportation isn't happening slowly enough, the Kourts are making it go slower.
The money-printing. The exploding prices, and two whole generations who don't know how to live without credit-cards and debt. Their savings, what they had, were gone long ago - now their card limits are maxed out. NOW comes where they cannot afford basic essentials, such as shelter.
Meantime, the social chaos is upped. Now, Colorado, new power center of the Queer Mafia, is giving teachers and government social-workers rights over parents, in terms of immersing-vs-protecting children from this "Trans" insanity. The Transhumanist/Sterilization-Of-Children movement continues on apace.
AND NOTHING IS BEING DONE ABOUT THE QUACK JABS AND WHAT THEY HAVE DONE TO MILLIONS.
When you're panicked, you don't trust others with your money. And that's probably true with Central Banks, also - no one wants to be Canada, with zero gold, when crunch-time is nigh.
took me a minute to see the (2) quantity LOL...... a couple of days ago i was putting a receipt in my PM cost file... and noticed a old order of 1/10 first series lunars from apmex dont remember the year or exact price.......but they were well under $100 each....kinda made me do a double take .....things are changing for sure
Even my 24 yo son said, "My God, what is going to happen by the end of the year?"
I told him it's not unreasonable if we see $3700. The good thing is I got him to buy early enough and he makes more in these $100 gold pops than his weekly salary now.
Wisely he skipped silver the first 2 years and strictly bought gold and platinum.
I told him it's not unreasonable if we see $3700. The good thing is I got him to buy early enough and he makes more in these $100 gold pops than his weekly salary now.
Wisely he skipped silver the first 2 years and strictly bought gold and platinum.
'S'allright. I'm the King of Off-Topic Tangents.
- Messages
- 24,200
- Reaction score
- 4,442
- Points
- 288
Is Gold Still Worth Buying At $3300?
Apr 17, 2025As the price of gold jumped over $100 in one day to over $3300 an ounce, is it too late to buy gold now?
I will look at what caused the gold price to jump so much in one day and what is driving the long term price. Is now still a good time to buy gold or should you be selling it at these new gold highs?
13:19
As they print moar money, it takes moar to buy gold.
It's a story as old as coin-clipping.
It's a story as old as coin-clipping.
- Messages
- 968
- Reaction score
- 1,374
- Points
- 278
I think most here are aware, but for those who aren't, that's the reason why they started making coins with dentils (ridges/teeth). It was common for people to file down the rims of gold coins, basically stealing a little bit of weight from each coin. Dentils provide a clear indicator of rim filing and act as a preventive measure.
Seems like gold has finally caught up to my property assessment (and tax increase) for the past five years.
I use -18k gold at work (77%) a few times per month. 5-6 grams worth at a time and the price increase is putting pressure to decrease the fineness. $600 for the gold standard vs $100 for the “healthy, metal-free” zirconia oxide option. Let’s all talk about being healthly now, lol.
Computer touchscreen part for my equipment crapped out. It’s sourced from Canada and has been backordered for months, but I can get the non-touch control board asap and it’s a more reliable option. I do not like digital for a lot of stuff.
Life is good though.
I use -18k gold at work (77%) a few times per month. 5-6 grams worth at a time and the price increase is putting pressure to decrease the fineness. $600 for the gold standard vs $100 for the “healthy, metal-free” zirconia oxide option. Let’s all talk about being healthly now, lol.
Computer touchscreen part for my equipment crapped out. It’s sourced from Canada and has been backordered for months, but I can get the non-touch control board asap and it’s a more reliable option. I do not like digital for a lot of stuff.
Life is good though.
A certain group of people were blamed for notoriously filing down coins before ridges.
I have a Gibraltar 1oz. platinum coin that I thought was unusually wafer thin until I saw an AGE hollowed out and filled with a tungsten slug.
COMEX and LBMA are closed for Good Friday. China should have been trading
- Messages
- 24,200
- Reaction score
- 4,442
- Points
- 288
Record prices are triggering a gold rush of customers looking to melt old jewelry for cash
Jewelers are seeing a gold rush of customers eager to melt family heirlooms and other pieces as prices spike.
www.latimes.com
Probably quite a bit.
Each new wave of price/cost increases and rises in the price of melt gold, bring in a new bracket of sellers.
It's the erasure of the Middle Class along the edges - the impoverishment of society, in stages. People who would never have considered this, see the Sheriff's Sale notice, or can't pay for new tires. AND...those jewelry-owners who would never sell like **THOSE PEOPLE** do, are aging out and dying off.
naw i would put the line on the low pts below the chart (lower channel line)...but it would still be over 3k.....without makeing a chart prob 3100ish
Cigarlover
Yellow Jacket
- Messages
- 1,441
- Reaction score
- 1,663
- Points
- 283
GSR at 103.5
Unfortinately it can and will go higher for reasons other than avarice.
Everybody better hold.onto their metals because everything else is a mess right now.
If gold was.not labeled a Tier 1 asset it would make sense to take some profits. I am more concerned about all the fear mongering by the media that is being used as a distraction for other more important problems.
Everybody better hold.onto their metals because everything else is a mess right now.
If gold was.not labeled a Tier 1 asset it would make sense to take some profits. I am more concerned about all the fear mongering by the media that is being used as a distraction for other more important problems.
- Messages
- 15,790
- Reaction score
- 10,096
- Points
- 288
- Messages
- 15,790
- Reaction score
- 10,096
- Points
- 288
Armstrong said that banks are buying gold because it's 'neutral'... not reliant on any nation's fiat.
If the banks are buying - and they must be because of the volume it takes to move the needle - there's a reason and they aren't saying.
- Messages
- 15,790
- Reaction score
- 10,096
- Points
- 288
when does the resistance become support?
ideally it should 'test' the new support, but these are interesting times we're living in...
- Messages
- 552
- Reaction score
- 722
- Points
- 273
"Fed Independence"... just think about the spin in this statement. Why should a banking cartel control not only our money supply but the health of our economy as a whole? Why should the state of the economy be held independent from the Federal government?
Unmentioned, so far, is any role the Chinese retail buyer might be playing.
Tom Luongo's X-buddy, Eric something, a Chinese national...predicted, some months ago, that Chinese demand would explode once the price of gold hit $3000 - a nice round number that would appeal, he said, to the Chinese mindset. The Chin see gold as we see bank accounts, but to have it obviously rise so fast - not $2956, say, but $3000 and upward - would trip a trigger in their views, and open the door for speculation on gold. Buy more gold, both as savings and now as speculation.
I wonder if that's what's pushing this up this quickly.
Tom Luongo's X-buddy, Eric something, a Chinese national...predicted, some months ago, that Chinese demand would explode once the price of gold hit $3000 - a nice round number that would appeal, he said, to the Chinese mindset. The Chin see gold as we see bank accounts, but to have it obviously rise so fast - not $2956, say, but $3000 and upward - would trip a trigger in their views, and open the door for speculation on gold. Buy more gold, both as savings and now as speculation.
I wonder if that's what's pushing this up this quickly.
Cigarlover
Yellow Jacket
- Messages
- 1,441
- Reaction score
- 1,663
- Points
- 283
The resistance becomes support when it is tested and it holds. If that happens then it will create a new channel above the old one. It will get tested eventually. Maybe over the summer.
- Messages
- 1,607
- Reaction score
- 2,245
- Points
- 298
Awright -- Short term stuff is definitely not my forte'. That said, if there is a break in price -- it will not be a "correction" in the Wall Street Biblical sense.
Gold is gold. Fiat is fiat. You guys keep thinkin' that the fiat dollar is a standard by which to measure gold. That's bass ackwards, dammit.
NEVER in thousands of years of human history has fiat ever replaced gold for any significant period of time. Lookit all the charts of fiats from all over. They have ONE thing in common:
Unlike gold, they become worthless. Every mother-lovin' fiat ever devised by Man has always taken a shit. Usually in an extremely short period of time, but no matter how they get there... they are worthless: All of them, from Vermilion Notes to Hungarian Pengoes and everything in between.
So the "correction" traders seek will be very much like the "correction" of the Bolivar fiat -- the streets are clogged with paper money. In Venezuela, people sell handbags made from valueless fiat notes. Inevitable.
Here is a funny one. Bank robbers were driving away with their loot... and realized it was all in Bolivars. They threw it all away:
So watch very carefully: Which is likeliest guaran-fukkin-teed to fail (eg: Undergo "correction") fiat or gold?
Tell em when the price of their new cars goes down. Or at least even with the price.
We just pushed towards $3500. This has accelerated but completed seperated from the markets and Silver. I think banks are desperately trying to use the little gold they have to hold their bloated balance sheets.
When bitcoin originallly got going, the daily increases were quite small in dollar terms but often significant in % terms .
Nowadays we think nothing of moves in the thousands of dollars because in % terms the moves are not outrageous.
As gold creeps into bitcoin territory, how long will it be before we get a $ 1000 day ?
Hey we are no longer particularly phased by $100 days ……..
Nowadays we think nothing of moves in the thousands of dollars because in % terms the moves are not outrageous.
As gold creeps into bitcoin territory, how long will it be before we get a $ 1000 day ?
Hey we are no longer particularly phased by $100 days ……..
These are the times that everybody romaticized about. It is concerning to me because something is around the corner?
When silver spot finally goes.parabolic it will not be puppy dogs and rainbows. It will be unemployment and foreclosures.
Right now central banks are concentrating gold possession. Pretty soon only wise individuals and institutions will afford to own an asset that does not produce anything.
When silver spot finally goes.parabolic it will not be puppy dogs and rainbows. It will be unemployment and foreclosures.
Right now central banks are concentrating gold possession. Pretty soon only wise individuals and institutions will afford to own an asset that does not produce anything.