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Gold Smashes Above $1800 For First Time Since 2011

 
Mental Case

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06/30/2020 03:38 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
You already missed the boat on gold & palladium...but silver is still one helluva bargain!
If I am going to be damned...I am going to be damned for who I really am!
Mistress C

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06/30/2020 03:39 PM

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Re: Gold Smashes Above $1800 For First Time Since 2011
FVL.V has 6 gold million oz and possibly 10 million starting to go up ...should be 2.50 Net Present Value, and could be 3-5 soon as they just started drilling. Currently 1.29 was .40 a couple weeks ago...huge volume.
 Quoting: Anonymous Coward 79019600


Huh?

English?

Oh Filo Mining?

Last Edited by Mistress C on 06/30/2020 03:42 PM
Re-Named- 777

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06/30/2020 03:40 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Onwards and upwards.

I need to buy more

banana2
 Quoting: Re-Named- 777


According to a previous poster it is going back to $200 an oz, lol.....so maybe wait a bit to back up the truck! What say you?
 Quoting: Don Draper from Nantucket


Absolute bollocks.

I do thing a lot of countries will start to collapse due to job loses and too much debt, rioting and rumblings of civil war
I think there's likely to be a worldwide meeting to give up these debts and to wipe the slate clean and start to manufacture etc, and that's were we end up with a gold backed system.

Alot of experts reckon for it to reset at a proper price and not a held down one, somewhere between 50k to 100k is what they think.

Probably a good year off this, things need to be worse for this too happen, and there's too much ego of the countries involved x

Last Edited by Re-Named- 777 on 06/30/2020 03:41 PM
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Don Draper from Nantucket  (OP)

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06/30/2020 03:42 PM

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Re: Gold Smashes Above $1800 For First Time Since 2011
Onwards and upwards.

I need to buy more

banana2
 Quoting: Re-Named- 777


According to a previous poster it is going back to $200 an oz, lol.....so maybe wait a bit to back up the truck! What say you?
 Quoting: Don Draper from Nantucket


Can't drop below the cost of production, that's around $1,200 right now.
 Quoting: Blenderizer


I believe by late Fall gold will be around $2150 an oz.
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Mistress C

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06/30/2020 03:52 PM

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Re: Gold Smashes Above $1800 For First Time Since 2011
Onwards and upwards.

I need to buy more

banana2
 Quoting: Re-Named- 777


According to a previous poster it is going back to $200 an oz, lol.....so maybe wait a bit to back up the truck! What say you?
 Quoting: Don Draper from Nantucket


Can't drop below the cost of production, that's around $1,200 right now.
 Quoting: Blenderizer


I believe by late Fall gold will be around $2150 an oz.
 Quoting: Don Draper from Nantucket


But what about the events from now until then?

Nukes in China, Saudi and Iran go against Israel, US clears those streets, and Covid III.
Anonymous Coward
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06/30/2020 03:54 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
[link to www.zerohedge.com (secure)]



Just a day after the counterfeit China gold bar story hit the market, precious metals are bid this morning with Gold futures surging above $1800 for the first time since Nov 2011


We ride!!!
 Quoting: Don Draper from Nantucket


No, you don't. It's not the gold going up, but the petrodollar going down!
The Årtist

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06/30/2020 03:56 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Whooop, everyone thinking gold is going to protect them is stupid. The traditional "hedge against inflation" nonsense these people buy into is hilarious. But hey, congrats on taking 9 years to get back to all time highs... oh wait.. it never did get to ATH and is back below 1800.

The absolute best gold will do for you is allow you to maintain whatever wealth you currently have... it will NOT make you wealthy.

Wealth is when you bought $40,000 in Apple stock in 1998 for $1.98 a share... then split 7 ways a few years ago and now is worth over $51 million. :)
RAGE
Leverlock

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06/30/2020 04:02 PM

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Re: Gold Smashes Above $1800 For First Time Since 2011
.

Didn't that other president try to start ending the fed and establishing a kind go new gold standard? You know... the one who got his brains blown all over his pretty wife in public in broad daylight... oh, yeah, Kennedy was his name. A new gold standard? I'll believe it when I see it.

.
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Blenderizer

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06/30/2020 04:11 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
...


According to a previous poster it is going back to $200 an oz, lol.....so maybe wait a bit to back up the truck! What say you?
 Quoting: Don Draper from Nantucket


Can't drop below the cost of production, that's around $1,200 right now.
 Quoting: Blenderizer


I believe by late Fall gold will be around $2150 an oz.
 Quoting: Don Draper from Nantucket


But what about the events from now until then?

Nukes in China, Saudi and Iran go against Israel, US clears those streets, and Covid III.
 Quoting: Mistress C


Right, gold might go to $100,000 an ounce but you really don't want to live in a world that produces that price.

lmao
Modeling reality
Blenderizer

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06/30/2020 04:15 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
.

Didn't that other president try to start ending the fed and establishing a kind go new gold standard? You know... the one who got his brains blown all over his pretty wife in public in broad daylight... oh, yeah, Kennedy was his name. A new gold standard? I'll believe it when I see it.

.
 Quoting: Leverlock


It will be forced upon the world through global trade. The world had a global gold standard in the 19th century, and it produced historic prosperity and trade between nations.

But banks conspired with governments to eliminate gold from the money system which they did with legal tender laws.

But the beauty of gold is that it serves the role of money so very well. With blockchain technology nations can enter into trade agreements with one another, pay for intermediate trade via coins in the block chain and then physical gold backing the crypto coins can be exchanged at the end of the contract depending on who ended up with the most coins.

In a balanced trade, very little gold has to exchange hands.

These globalist idiots that have cornered the markets and wealth of the world rely entirely on exponentially increasing debt to maintain their hegemony and their wealth. Nothing lasts forever.
Modeling reality
Anonymous Coward
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06/30/2020 04:26 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Onwards and upwards.

I need to buy more

banana2
 Quoting: Re-Named- 777


According to a previous poster it is going back to $200 an oz, lol.....so maybe wait a bit to back up the truck! What say you?
 Quoting: Don Draper from Nantucket


Can't drop below the cost of production, that's around $1,200 right now.
 Quoting: Blenderizer


It could but it would be very short lived and quite an opportunity
Anonymous Coward
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06/30/2020 04:28 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
There are a few very old families on this earth that have immense wealth. Old money. When asked how they have managed to hold on to such wealth over so many generations they will always mention two things: 1) land 2) gold.
Anonymous Coward
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06/30/2020 04:37 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Whooop, everyone thinking gold is going to protect them is stupid. The traditional "hedge against inflation" nonsense these people buy into is hilarious. But hey, congrats on taking 9 years to get back to all time highs... oh wait.. it never did get to ATH and is back below 1800.

The absolute best gold will do for you is allow you to maintain whatever wealth you currently have... it will NOT make you wealthy.

Wealth is when you bought $40,000 in Apple stock in 1998 for $1.98 a share... then split 7 ways a few years ago and now is worth over $51 million. :)
 Quoting: The Årtist


Gold is very cyclical. But at the present time gold has produced about 45X gains since it was decoupled from the dollar in 1971. The S&P has done about 30X.

Yes being in apple at that time and holding until now would be quite a thing and a very rare achievement. The right gold and silver juniors have the potential to do 10 to 50x in this type of RARE financial environment. Happy investing and good luck with your unicorns.
Anonymous Coward
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06/30/2020 04:44 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
well, i guess no one is worried about all the phony, Tungsten,
counterfeit gold bricks.
Anonymous Coward
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06/30/2020 04:56 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
There are a few very old families on this earth that have immense wealth. Old money. When asked how they have managed to hold on to such wealth over so many generations they will always mention two things: 1) land 2) gold.
 Quoting: Anonymous Coward 1298661


3) corruption
4) blackmail
5) murder

ya missed a bit

epiclol
Anonymous Coward
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06/30/2020 04:58 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
well, i guess no one is worried about all the phony, Tungsten,
counterfeit gold bricks.
 Quoting: Anonymous Coward 76809044


they just realised the reported global amount of gold is actually only half what is said, if Chinese then mass production so other half is fake

that makes it even more valuable. price should be even higher
Anonymous Coward
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06/30/2020 05:02 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Sorry not fvl.v it’s fvl.t on Toronto.

Going crazy cause 6 million ozs in the ground and drilling right more for 4 more million.

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Anonymous Coward
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06/30/2020 06:28 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
I tol youall. back on march 16 mofo insiders bought all the freaking gol
Look at mar 16
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Anonymous Coward
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06/30/2020 06:29 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
They know what's going to happen. They dumped their usd for pm. On that particular day you could not buy ANY pm. It was all gone, even the 58 grand kilo bars
Anonymous Coward
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06/30/2020 06:38 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Onwards and upwards.

I need to buy more

banana2
 Quoting: Re-Named- 777


According to a previous poster it is going back to $200 an oz, lol.....so maybe wait a bit to back up the truck! What say you?
 Quoting: Don Draper from Nantucket


Can't drop below the cost of production, that's around $1,200 right now.
 Quoting: Blenderizer


I believe by late Fall gold will be around $2150 an oz.
 Quoting: Don Draper from Nantucket


As long as its manipulated it will never reach its true value. Make sure you buy physical metals, cash your 401K's, pull your cash from the bank and cash your stocks while you can. I refuse to play in any of these games these days. We do need a reset and hopefully the good guys can take over, but I have my doubts.
Lance Roseman From BC

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06/30/2020 06:45 PM

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Re: Gold Smashes Above $1800 For First Time Since 2011
gold should have been breaking records every day since the russian / Saudi opec battle and covid on top of it


gold should be at. 3000 by now

but with global financial failures, a pandemic, and chaos in the streets.... gold has barely been making moves for 4 months now since all this shit happened


proof the gold market is manipulated

in a free market, gold would have been on a skyrocket trajectory since March

but instead it moves laterally between 1700-1800
 Quoting: Anonymous Coward 79087321


In a free market the price of gold would be much, much higher. Because our government expands the national debt at around 8.5% every year. In 1934 our debt was $22 billion, do the math and it comes out to about $24 trillion today at 8.5% a year expansion.

That also means that gold should be priced at:
$50(1+0.085)^(2020 - 1934) = $55,710 per ounce
 Quoting: Blenderizer


[link to www.usdebtclock.org (secure)] Has the data to where au/ag should be.
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Anonymous Coward
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06/30/2020 06:48 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Just be careful not to buy at the current high.
It's going to hit a resistance and come back down.
Or might go up just a bit more.

More likely to fall in price soon.
Anonymous Coward
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06/30/2020 06:58 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
YOU CAN;T EAT GOLD !


5a
 Quoting: Anonymous Coward 79064231


You can’t eat quarters either
Blenderizer

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06/30/2020 07:13 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
gold should have been breaking records every day since the russian / Saudi opec battle and covid on top of it


gold should be at. 3000 by now

but with global financial failures, a pandemic, and chaos in the streets.... gold has barely been making moves for 4 months now since all this shit happened


proof the gold market is manipulated

in a free market, gold would have been on a skyrocket trajectory since March

but instead it moves laterally between 1700-1800
 Quoting: Anonymous Coward 79087321


In a free market the price of gold would be much, much higher. Because our government expands the national debt at around 8.5% every year. In 1934 our debt was $22 billion, do the math and it comes out to about $24 trillion today at 8.5% a year expansion.

That also means that gold should be priced at:
$50(1+0.085)^(2020 - 1934) = $55,710 per ounce
 Quoting: Blenderizer


[link to www.usdebtclock.org (secure)] Has the data to where au/ag should be.
 Quoting: Lance Roseman From BC


They've got gold at $30,196 and gold at $28.99 in 1913. Gold held a pretty steady value between 1913 and 1934 because there was still a 25% gold coverage ratio observed by the federal reserve and commercial banks.

So take that $28.99 from 1934 and you get:

$28.99(1+0.085)^(2020-1934) = $32,300 which is pretty darn close to their value of $30,196 wouldn't you say?

The silver price is based on a silver to gold ratio of around 8 which is about the naturally occurring ratio in earth's crust.
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Re: Gold Smashes Above $1800 For First Time Since 2011
Au/Ag

rockon
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Mr. Lee

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06/30/2020 07:23 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
You already missed the boat on gold & palladium...but silver is still one helluva bargain!
 Quoting: Mental Case


Yes, silver is at all time lows compared to money supply.

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Anonymous Coward
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06/30/2020 07:25 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
You already missed the boat on gold & palladium...but silver is still one helluva bargain!
 Quoting: Mental Case


Gold to silver ratio now is just under 98:1. Historically very high.

Silver gains on the ratio as Gold enters bullish period.

Even a gold move to 2100 from here, a less than 20% move for gold could easily see the gold-silver ratio drop to a 70:1 resulting in a silver price of $30 per ounce.

That would be a more than 60% silver move from current spot prices($18.20).

Silver is always a good play to gold when gold is rising. Remember it can also reverse move down bigger percentage wise than gold when market retreats. A 2 edged sword.
Blenderizer

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06/30/2020 07:29 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
You already missed the boat on gold & palladium...but silver is still one helluva bargain!
 Quoting: Mental Case


Gold to silver ratio now is just under 98:1. Historically very high.

Silver gains on the ratio as Gold enters bullish period.

Even a gold move to 2100 from here, a less than 20% move for gold could easily see the gold-silver ratio drop to a 70:1 resulting in a silver price of $30 per ounce.

That would be a more than 60% silver move from current spot prices($18.20).

Silver is always a good play to gold when gold is rising. Remember it can also reverse move down bigger percentage wise than gold when market retreats. A 2 edged sword.
 Quoting: Anonymous Coward 38481298


History is a good guide, but I don't think we're in Kansas anymore. Not when the fed is buying corporate bonds and most likely covertly buying stocks, soon to become overtly buying stocks.

Did you catch Greg Hunter's interview with Dr. Mark Skidmore? He claims that he's seen enough receipts from treasury to convince him treasury is rolling $90 trillion in US sovereign debt. And remember that doubles every 8.5 years. $90 trillion, that means we are understating our true national debt by at least 30%.
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Anonymous Coward
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06/30/2020 07:48 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
now if history repeats..everyone jumps on the AU train and it carshes 200 next week..guaranteed...
 Quoting: Ghetto Guy


If gold goes to $200 ever again pigs will be flying and hell will have done froze over!.....lol

hell1
 Quoting: Don Draper from Nantucket


In a currency revaluation with a gold backing it would happen. The side effect of that is that paper FRNs would have a zero lopped off their value ($10 becomes $1) and your bank account balance would have the decimal point moved to the left a spot ($2000.00 becomes $200.00). The US Treasury has always valued its gold holdings at $42.22/oz and still does today.
Anonymous Coward
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06/30/2020 07:56 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Good. Must be about time to buy DUST.





GLP