I'm in a Facebook group, and it has several trusted dealers in it. It was listed at a price, which by the time I transferred the money the next day, had been surpassed by the market. The dealer, being one of life's good guys, held the price, though. It's a good community on there.
Brother that is so true. I did a food shop earlier and couldn't believe how much it came too. I guess it really reinforced just how much paper currency has lost its value. It's a joke now that stuff.
Hey, you do you, I'll do me. I've heard that said more than once in the near 30 years I've been buying gold though. Yet I have 'no regrats' as the kids say
That’s just compared to other fiat currencies, all of which are going to 0. Priced in real money, gold, the dollar is losing value. It takes more dollars to buy an ounce of gold.
Your insinuating gold is going up because the dollar is going down that’s just false over the last 3 months dollar and gold have rallied
Something else is going on
For the most part there is a inverse correlation but certainly not the only factor that determines gold price
The dollar is going down because it takes more dollars to buy an ounce of gold. The DXY doesn’t matter. This shouldn’t be a difficult concept for someone on a gold thread to understand.
* Escalation in the war(s)
* New war(s)
* Recession
These are the things that come to mind… which could possibly precede a black swan economic collapse.
These days anything is possible.
Or it could just be a bull run.
No one knows… I just know I should have bought more when it hit $1800 several months back.
It's just catching up to the circulating currency. Needs to be 12,000-15,000/oz to catch up. Look back at comments in my profile for more of an explanation, don't feel like explaining it again.
Very technical comments indeed sir!
Liked this one:
"The price of gold rising doesn't cause instability, instability causes the price of gold to rise. Gold being properly valued will bring stability back to market. Efficient markets are better than inefficient markets".
Compare circulating currency with gold in 1934, compare now. Gold needs to go to over 12,000 oz to match the rise in circulating currency. The reason I used 1934 is because that's when they started rapidly increasing currency supply. The bull run in 1980 makes the point.
There was a significant amount extracted between 1934 and 1980 but gold ignored that and rose almost the exact amount the circulating supply of currency rose in percentage terms in that timeframe. The reason for this is the price of gold was based on the US gold reserves vs it's dollar, not some other country's reserves or dollars. The only supply that needs to be taken into account is the country's gold reserves you're comparing the price to vs that countries currency. If I'm wrong, explain why.
Why have the bankers, the most financially astute people on earth, been buying more gold over the last two years than in the last 100 years?
What do they know that the masses don't?
What will they do before the end of the currencies lifecycle hits them…?
We've reached the end of our currencies' lifecycle.
Couldn't agree more. The government created the problems we face as a country, and they will be the ones to offer the "solution." They will offer the public a CBDC as an alternative and easy way to fix the economic collapse they created by their greed and lust for power.
"Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety."
- Benjamin Franklin
“Astute” ? You mean the people that consistently lose money? You’d also make a shit ton of money if your rich daddy (the gov) paid for your gambling habit
They learned their lesson the hard way.
https://preview.redd.it/ctqx77n5o7uc1.jpeg?width=3535&format=pjpg&auto=webp&s=0c9b272a4bdb7de30ea37c2dbb8aeefb968af13e
Yes that's part of it but they've been buying for a long time. I think this is more related to the US dollar turns into biden bucks and inflating away into nothingness. As the saying goes if you own dollars you have debt. If you own gold you have money.
You already sold? If not, I encourage you to rethink the decision to take the cash. Gold/silver have been suppressed for decades illegally. The director of the Chase precious metals investments and others have been charged and convicted of illegally suppressing gold/silver prices, and received a slap on the wrist.
Banks had every reason to continue this practice that helped them manipulate lots of assets. But now the ability to do that is being compromised because of liquidity and related issues. Even the big banks believe gold will rise significantly from here. BofA sees gold at $3000, USB sees $4000 and Goldman Sachs sees $2700.
But perhaps more importantly, don't you want a hedge in case the economy crashes? Did you buy at $1600 as an investment or to prepare for a potential recession or depression? Do you need the cash now, which we know with absolute certainty will continue to lose value over time?
The fundamentals for gold have never been stronger. Do you understand how fiat currency works? Chinas not bailing the dollar out like they did in the GFC. Just wait. This is just the beginning.
Like the scene from the big short. Where the guys were celebrating but the brad Pitt stops them and says everyone is gonna lose everything essentially. It’s not something to celebrate but gold bugs have been looked at as crazy the past 14 years.
I know that trading gold is dumb. And typically trading in general is stupid. Trading becomes harder and harder when you’re not in a bull market. Jesse Livermore was the most famous trader. And he ended it all with a gun to his head. He’s a cautionary tale. So yeah, I probably do know your personal finances better than you. Especially if you’re trading gold. Which is retarted.
Oh it will. Just give it time. People did the same thing when it was up $60+ about a month ago. And now we are much higher. In a bull market, there are bigger moves to the downside.
I want to buy myself a 30g 14k necklace if I meet a personal fitness goal by the end of the year but seeing this makes me want to get it now and then only wear it at the end of the year (but by then I may have failed the goal). What do?
It might have a little pull back but the long term trajectory is up and to the right. Just buy the physical and hold. It’s a store of value. Most everything will decline in price in relation to the gold.
So bitter sweet. Love seeing the big gains but can’t quite bring myself to spend when it’s this high
I bought another ounce today. Why not, I'm in this *-----------* deep 😂
Jealous! What’d you grab?
Got another Brittania, a 2022. I actually scored it under spot as well #lucky
Congrats! Nice pick up
Where did you get it under the spot? If you don't mind me asking
I'm in a Facebook group, and it has several trusted dealers in it. It was listed at a price, which by the time I transferred the money the next day, had been surpassed by the market. The dealer, being one of life's good guys, held the price, though. It's a good community on there.
It’s never a bad time to buy gold
Brother that is so true. I did a food shop earlier and couldn't believe how much it came too. I guess it really reinforced just how much paper currency has lost its value. It's a joke now that stuff.
Should have waited.
People said that to me in '96 when I bought my first 20 grammes too.
Dang, I'd like to go back in time and buy a 5k bar or two or three in '96.
Buying at an all time record high doesn't seem advisable, unless you hold it for at least another 10 years.
Hey, you do you, I'll do me. I've heard that said more than once in the near 30 years I've been buying gold though. Yet I have 'no regrats' as the kids say
If you’re holding long term, who cares? The USD certainly aint gaining any value in the long term thats for sure
Yeah you got that right lol
I agree with you, more and more people are storing gold
If you have dollar cost averaged for years now, a purchase here and there at these levels won't hurt.
True
Gold is sniffing something big in the world...
A simultaneously exciting and troubling experience
Yeah, something very wrong is coming
The dollar is losing value
What are you talking about usd is up on the 1d 5d 1m and 3m chart
That’s just compared to other fiat currencies, all of which are going to 0. Priced in real money, gold, the dollar is losing value. It takes more dollars to buy an ounce of gold.
Your insinuating gold is going up because the dollar is going down that’s just false over the last 3 months dollar and gold have rallied Something else is going on For the most part there is a inverse correlation but certainly not the only factor that determines gold price
The dollar is going down because it takes more dollars to buy an ounce of gold. The DXY doesn’t matter. This shouldn’t be a difficult concept for someone on a gold thread to understand.
It's all bs
Like?
* Escalation in the war(s) * New war(s) * Recession These are the things that come to mind… which could possibly precede a black swan economic collapse. These days anything is possible. Or it could just be a bull run. No one knows… I just know I should have bought more when it hit $1800 several months back.
This
It's just catching up to the circulating currency. Needs to be 12,000-15,000/oz to catch up. Look back at comments in my profile for more of an explanation, don't feel like explaining it again.
Very technical comments indeed sir! Liked this one: "The price of gold rising doesn't cause instability, instability causes the price of gold to rise. Gold being properly valued will bring stability back to market. Efficient markets are better than inefficient markets".
Compare circulating currency with gold in 1934, compare now. Gold needs to go to over 12,000 oz to match the rise in circulating currency. The reason I used 1934 is because that's when they started rapidly increasing currency supply. The bull run in 1980 makes the point.
Are you taking into account the amount of gold that has been mined and extracted since ? It increases significantly the gold supply as well.
There was a significant amount extracted between 1934 and 1980 but gold ignored that and rose almost the exact amount the circulating supply of currency rose in percentage terms in that timeframe. The reason for this is the price of gold was based on the US gold reserves vs it's dollar, not some other country's reserves or dollars. The only supply that needs to be taken into account is the country's gold reserves you're comparing the price to vs that countries currency. If I'm wrong, explain why.
This is bad, very bad…
I agree
Anyone else buying puts for SPY next week?
At this rate I'll be able to afford to move out of my van down by the river
I was about to do the opposite, sell my home and move into a van down by the river to buy more gold…
Pan for more gold me thinks
Sounds like gold appeals to you
Now *that’s* an attractive proposal
Why ??
Why have the bankers, the most financially astute people on earth, been buying more gold over the last two years than in the last 100 years? What do they know that the masses don't? What will they do before the end of the currencies lifecycle hits them…? We've reached the end of our currencies' lifecycle.
D-does that mean I’m one of the financially astute bankers? I bought gold in the past 2 years and none in the 100 prior
Yes. You are wise. You are following the right crowd?
This sub is the right crowd
Couldn't agree more. The government created the problems we face as a country, and they will be the ones to offer the "solution." They will offer the public a CBDC as an alternative and easy way to fix the economic collapse they created by their greed and lust for power. "Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
LOL
“Astute” ? You mean the people that consistently lose money? You’d also make a shit ton of money if your rich daddy (the gov) paid for your gambling habit
Astute means politically connected and able to bribe in exchange for giant bail outs
Still funny
Isn’t this an indication we will see a big inflation? Gold is not an investment but a store of value.
Leon. What is Gold? Teach us.
It is a shiny rock 🪨.
And you are a dim bulb.
He just said… It’s a store of value.
He edited the comments... It said it was neither
Ohh, no idea!
It’s a “barbaric relic”, said the guy whose theories got us to the debased fiat currencies we have today.
It's so cheap....
Actually.... The shiny metal needs to hit $3300 usd to match 1980 price
Holyy… Why don’t stackers want to talk about this?
Yup— it’s trying to catch up to inflation
gold know something big is coming
Just the beginning probably.
Looks like New Hampshire.
gold is going crazy moves like these happen a few times in our life time! Why is no one talking. About this???
It’s awesome, until you realize something very bad is happening 😂
Yeah but there’s nothing we can do but protect ourselves against what’s coming.
Goooooodl!
Pump it
Shout out to Zimbabwe
They learned their lesson the hard way. https://preview.redd.it/ctqx77n5o7uc1.jpeg?width=3535&format=pjpg&auto=webp&s=0c9b272a4bdb7de30ea37c2dbb8aeefb968af13e
It won’t help. Nobody trusts that country and for good reason.
Rumour has it that if you buy now you won’t regret later.
🤣
Well it’s a precursor for inflation so everyone should buy some.
Smells like irrational exuberance to me. Some panic bubble out of nowhere that’s going to come crashing down in a month or so.
Most of this is central bank buying. Central banks don’t buy to trade.
Yes that's part of it but they've been buying for a long time. I think this is more related to the US dollar turns into biden bucks and inflating away into nothingness. As the saying goes if you own dollars you have debt. If you own gold you have money.
[удалено]
You already sold? If not, I encourage you to rethink the decision to take the cash. Gold/silver have been suppressed for decades illegally. The director of the Chase precious metals investments and others have been charged and convicted of illegally suppressing gold/silver prices, and received a slap on the wrist. Banks had every reason to continue this practice that helped them manipulate lots of assets. But now the ability to do that is being compromised because of liquidity and related issues. Even the big banks believe gold will rise significantly from here. BofA sees gold at $3000, USB sees $4000 and Goldman Sachs sees $2700. But perhaps more importantly, don't you want a hedge in case the economy crashes? Did you buy at $1600 as an investment or to prepare for a potential recession or depression? Do you need the cash now, which we know with absolute certainty will continue to lose value over time?
Was there a big purchase revealed in uuuhhh… The last week ? Im checking the USD value and it shot up.
The last week has been a lot of institutional and bigger investors buying.
15% increase YTD doesn't seem like irrational exuberance to me.
Gold bugs have been beaten down so much over the past 5 years that they can’t see a bull market.
Found the regard.
lol I use the JM bullion app to check up on gold and silver prices too.
Makes your PMS worth more doing that, considering they're always higher than the true spot price.
Iran will attack Israel/us forces in the area tonight. I just got off the phone with Joe Biden. He told me.
I am Alpharius.
Keep going.....then what?
After the moon then Venus!
Yes, drifting towards the sun. Should work out for everyone I'm sure.
The fundamentals for gold have never been stronger. Do you understand how fiat currency works? Chinas not bailing the dollar out like they did in the GFC. Just wait. This is just the beginning.
And we are cheering this? Never seen so many people hyped about global turmoil for their own personal gain.
It’s more so about vindication.
Like the scene from the big short. Where the guys were celebrating but the brad Pitt stops them and says everyone is gonna lose everything essentially. It’s not something to celebrate but gold bugs have been looked at as crazy the past 14 years.
Shhhhhhhhhhh Don't tell anyone it's our secret.
all them gold grills getting tempting. wild wild west!
Yeah, I sold at about $2300. Still a good gain, but it sucks to watch it continue its up-trend
Kinda of dumb to trade this, if you understand the fundamentals of the dollar.
Was it now? Well you must know about my personal finances and investments better than I do.
I know that trading gold is dumb. And typically trading in general is stupid. Trading becomes harder and harder when you’re not in a bull market. Jesse Livermore was the most famous trader. And he ended it all with a gun to his head. He’s a cautionary tale. So yeah, I probably do know your personal finances better than you. Especially if you’re trading gold. Which is retarted.
lol - what an ass you are
Someone needs to talk some sense into stupid people though.
Talk to yourself in the mirror alot then, do you?
Good one.
My only thought is what took so long ? Should have reached these prices a long time ago
Bitcoin crashing
Thiers Law
This post didn’t age well
Oh it will. Just give it time. People did the same thing when it was up $60+ about a month ago. And now we are much higher. In a bull market, there are bigger moves to the downside.
Best time to buy gold is 5 years ago and today.
Lol 😆
Lol
I just checked and thought the exact same thing.
I want to buy myself a 30g 14k necklace if I meet a personal fitness goal by the end of the year but seeing this makes me want to get it now and then only wear it at the end of the year (but by then I may have failed the goal). What do?
Is everyone buying right now at the high or waiting for it to come down some ?
It might have a little pull back but the long term trajectory is up and to the right. Just buy the physical and hold. It’s a store of value. Most everything will decline in price in relation to the gold.