Gold Smashes Above $1800 For First Time Since 2011

You already missed the boat on gold & palladium...but silver is still one helluva bargain!

Huh?

English?

Oh Filo Mining?

Last Edited by Agent 99 on 06/30/2020 03:42 PM

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

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

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.

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

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. :)

.

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.

.

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

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.

It could but it would be very short lived and quite an opportunity

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.

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.

well, i guess no one is worried about all the phony, Tungsten,
counterfeit gold bricks.

3) corruption
4) blackmail
5) murder

ya missed a bit

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

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.

[link to stockhouse.com (secure)]

I tol youall. back on march 16 mofo insiders bought all the freaking gol
Look at mar 16
[link to www.apmex.com (secure)]

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

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.

[link to www.usdebtclock.org (secure)] Has the data to where au/ag should be.

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.

You can’t eat quarters either

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.

Au/Ag

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

[link to hubertmoolman.wordpress.com (secure)]

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.

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%.

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.

Good. Must be about time to buy DUST.