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Gold Smashes Above $1800 For First Time Since 2011

 
Anonymous Coward
User ID: 22067365
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06/30/2020 07:58 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
And how much of the gold on Earth is already in private vaults?

Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before.

Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed.

Forget gold, buy Bitcoin!
Anonymous Coward
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06/30/2020 07:59 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


unless.......
Anonymous Coward
User ID: 79062096
Vietnam
06/30/2020 08:06 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
And how much of the gold on Earth is already in private vaults?

Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before.

Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed.

Forget gold, buy Bitcoin!
 Quoting: Anonymous Coward 22067365


Lol
Spruiking bitcoin as being superior to gold, is the same as saying we should do away with water and instead get all our liquid needs by extracting the moisture from dogshit.
Anonymous Coward
User ID: 73392564
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06/30/2020 08:16 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Rumor has it Trump will announce the return to the gold standard in Saturday’s 4 of July speech

Deep state assets won’t allow this however. Pray for Trump this weekend
 Quoting: Anonymous Coward 67984911


Where (and when) exactly did this rumor originate?
 Quoting: Click Here Again


in a qtards fantasies

same as the bullshit that trump took over the Fed
 Quoting: Anonymous Coward 79087321


He took over the treasury by giving the keys to blackrock.
Anonymous Coward
User ID: 75828217
United States
06/30/2020 08:33 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Huge volume breakout. August 20 gold futures volume huge.

This is a big move and the can't control it
Anonymous Coward
User ID: 75828217
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06/30/2020 08:37 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
BTW it didn't smash above 1800 yet
Anonymous Coward
User ID: 74177299
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06/30/2020 08:49 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


Bill Holter says 87,000 doing the math.

But I won't mind 55,000.

However, you do realize they will slap a windfall tax on the sale, like they did in the 70s when oil skyrocketed. There is no end to the black hole of government greed.
Anonymous Coward
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06/30/2020 08:52 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
YOU CAN;T EAT GOLD !

epiclol
 Quoting: Anonymous Coward 79064231


You can mine it
Anonymous Coward
User ID: 14364611
United States
06/30/2020 09:02 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


nah but your cant pay someone in food either -
Anonymous Coward
User ID: 78145469
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06/30/2020 09:08 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
If History Is Any Guide We Could See $4,000 Gold

but we wont..there is a reason it went from 299 in 1999 to peak and stay in same window for a decade..this is the consensus of smart people of its intrinsic value..cmon do you want me to go into details? i will

[link to www.zerohedge.com (secure)]
 Quoting: Ghetto Guy


You all notice that the ones that have no gold are the ones that always wanna piss on it
Blenderizer

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06/30/2020 09:08 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


Bill Holter says 87,000 doing the math.

But I won't mind 55,000.

However, you do realize they will slap a windfall tax on the sale, like they did in the 70s when oil skyrocketed. There is no end to the black hole of government greed.
 Quoting: Anonymous Coward 74177299


Good point although I think it would be easier for them to ban cash, then whack everyone's accounts periodically with a 25-30% wealth tax.

They will definitely put a capital gains tax on cryptos, I think once they've mandated an e-fiat coin.

Although I personally think no matter what kind of games and shenanigans they come up with, eventually they will have to embrace free exchange of gold and silver because nothing else works for a market economy. And top down control economies don't work period, they have an expiration date the day they open for business.

You know over 17 states in the US have passed legislation making gold and silver coins legal tender, that means they cannot exact a capital gains tax from the resale of gold bullion. I guess the feds could impose the tax but I don't think they have the resources to enforce it. Even FDR's gold confiscation relied on people voluntarily turning in their gold coins for paper with mystical symbols on it.
Modeling reality
Anonymous Coward
User ID: 73392564
United States
06/30/2020 09:10 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
And how much of the gold on Earth is already in private vaults?

Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before.

Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed.

Forget gold, buy Bitcoin!
 Quoting: Anonymous Coward 22067365


Lol nope gold and silver are honest money.
Blenderizer

User ID: 76760905
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06/30/2020 09:10 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
If History Is Any Guide We Could See $4,000 Gold

but we wont..there is a reason it went from 299 in 1999 to peak and stay in same window for a decade..this is the consensus of smart people of its intrinsic value..cmon do you want me to go into details? i will

[link to www.zerohedge.com (secure)]
 Quoting: Ghetto Guy


You all notice that the ones that have no gold are the ones that always wanna piss on it
 Quoting: Anonymous Coward 78145469


The ones that piss on it believe in god government. Because government can naked short the economy, counterfeit the currency this gives the government god like powers.

I think it comes down to 2 types of people, those who love to be slaves (paper money) and those who love to be free (gold and silver).
Modeling reality
Anonymous Coward
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Australia
06/30/2020 09:10 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
it's all b.s.

Fiat AG/AU price have been controlled all along

it doesn't go up much inspite of all the printing of trillion$
Anonymous Coward
User ID: 73392564
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06/30/2020 09:11 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
And how much of the gold on Earth is already in private vaults?

Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before.

Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed.

Forget gold, buy Bitcoin!
 Quoting: Anonymous Coward 22067365


Shit coins are not just weights man.

Not going to work unless you want to complete the circle of shit again.
Anonymous Coward
User ID: 75933984
New Zealand
06/30/2020 09:13 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Rumor has it Trump will announce the return to the gold standard in Saturday’s 4 of July speech

Deep state assets won’t allow this however. Pray for Trump this weekend
 Quoting: Anonymous Coward 67984911


If Trump did this I would actually vote for him.

But, I'm guessing this is as likely is the any-day-now UFO disclosure.

Aint gonna happen.
silvervega

User ID: 73521360
United States
06/30/2020 09:14 PM

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Re: Gold Smashes Above $1800 For First Time Since 2011
Smashes is the new word. You can smash anything you put in your mouth. or whatever... smash the verb has taken on a new verb word. Disagree with me I will smash you in my teeth VERB!afro
On the other hand, I have different fingers.
Anonymous Coward
User ID: 49235022
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06/30/2020 09:19 PM
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Re: Gold Smashes Above $1800 For First Time Since 2011
I remember when bush gave everyone an oz of gold at 800. that deadbeat trump shorted me 30%.
Goddam money isnt worth shit any more.
Anonymous Coward
User ID: 79094274
Australia
07/01/2020 07:05 AM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Where (and when) exactly did this rumor originate?
 Quoting: Click Here Again


GLP... right now, pass it on...
Helenus

User ID: 77192571
United States
07/01/2020 07:14 AM

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Re: Gold Smashes Above $1800 For First Time Since 2011
Spot price will probably be 1776 today.
Anonymous Coward
User ID: 79107300
Australia
07/04/2020 06:33 AM
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Re: Gold Smashes Above $1800 For First Time Since 2011
Good. Must be about time to buy DUST.
 Quoting: Anonymous Coward 79070059


Dont bother, when it all collapses, thats all that will be left.
Anonymous Coward
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Australia
07/04/2020 06:39 AM
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Re: Gold Smashes Above $1800 For First Time Since 2011
If History Is Any Guide We Could See $4,000 Gold


 Quoting: Ghetto Guy


we will see $4000 gold, but NOT in history... in the future.


it is coming, but NOT with the excitement everyone wants with it.
Anonymous Coward
User ID: 79070885
United Kingdom
07/04/2020 06:42 AM
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Re: Gold Smashes Above $1800 For First Time Since 2011
CANT EAT GOLD

cruise
Anonymous Coward
User ID: 78932596
Australia
07/04/2020 06:43 AM
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Re: Gold Smashes Above $1800 For First Time Since 2011
nope it will be smmashed down $200 by next week,,u can't fight printed $ SHORT the sh&t outta gold/silver





GLP