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...

Gerald Celente probably feel pretty validated!

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)]

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

That would be sure to set off some fireworks!

YOU CAN;T EAT GOLD !

Where (and when) exactly did this rumor originate?

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

You can't eat gold.

in a qtards fantasies

same as the bullshit that trump took over the Fed

YOU CAN;T EAT GOLD !

nonsense CANNOT BE DONE...OMG..CMON TRUMP ANNOUNCES GOLD STANDARD..THE STUFF OF NETFLIX FANTASY!

[link to www.321gold.com] <<<Showing $1782.50 ATM
Suppressed To the Fucking MAX!
Gold IS 'Real Money'

Ah, should've guessed as much. But the fed reserve & treasury are merging. It's not a full blown merger yet but that part is actually in the works now. Or, let me rephrase, the opportunity to do so is now functionally plausible. Still not probable, but plausible.

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

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.

Smashes? A bit of an over statement I would say.

palladium is where its at..

300 bucks 15years ago now 2000.

metal tards ride

and palladium is such an interesting metal too

Last Edited by Grove Street on 06/30/2020 03:28 PM

Onwards and upwards.

I need to buy more

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

They are turning currency into pure doodoo and there's no turning back from that trend. They will need to continue to double down on that . smart money is going to continue going into gold because bonds are now return free risk. Fyi... about a year and a half ago gold was changed from a tier 3 asset to a tier 1 asset by the imf putting on par with only 2 other tier 1 assets. Us treasuries and USD. Put that un your pipe and smoke it

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?

And btw.. my miner stocks are raging hard crushing the S&P

Rhodium 7300 oz.

200... good luck with that

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

I mine bitcoin, have for years. I know what my revenue should be on a weekly basis. For the past 2 weeks, for whatever reason, it's been cut in half. The payout per satoshi is the same, nothing has changed there, but the amount I'm actually mining has went down by about half. Has nothing to do with equipment on my end so I'm not sure what's going on there. Just thought I'd throw that out there. Maybe some of y'all have heard something I haven't.