Gold price

[Xxray]

Would be a good time to trade maybe, I peraonally would not "cash in" for devalued currency, which itself is causing precious metals to rise

 

[FelixtheCat]

Interesting article I read this morning...

See how Costco gold has affected the gold market: Interest in gold has increased since Costco began selling the metal in October. The market for it hasn't been affected by the warehouse giant's entry.

https://www.usatoday.com/story/mone...d-rush-drives-interest-not-value/73282210007/

 

[LongJohnSilver1]

Welp, I guess gold is going to the moon on monday

 

[Rock Jock]

Interesting article I read this morning...

See how Costco gold has affected the gold market: Interest in gold has increased since Costco began selling the metal in October. The market for it hasn't been affected by the warehouse giant's entry.

https://www.usatoday.com/story/mone...d-rush-drives-interest-not-value/73282210007/

I don't like gold bullion bars. I prefer minted coins, despite the premium. They make for a nice traditional tragic maritime catastrophe. Just call me an inveterate romantic! However, I might make an exception for some good international settlements bars if they were palletized.

 

[Ra1der5]

Yup. War and printing more fiat currency will have that effect.

Looking at the gold/silver ratio, silver is good value.

 

[sube]

If you could chart criminal interference in the markets, this is what it would look like
View attachment 594718

What criminal interference if I had a gold future contract you bet I would sell it Dah .
These people that invest in gold the rich are not buying to hold there in it for PROFIT I see a big profit made here . sube

 

[metaladdict]

I just found a little gold, need more!

 

[Aquaman]

"Hold..."

 

[LongJohnSilver1]

What criminal interference if I had a gold future contract you bet I would sell it Dah .
These people that invest in gold the rich are not buying to hold there in it for PROFIT I see a big profit made here . sube

JPMorgan were convicted of gold price manipultion in 2022. It's still happening, by large firms but also central banks.
Without going on a rant, this price drop isn't profit taking, because the gold IS the money.
The amount of leverage is also very high.

Paper Gold Volumes Vs Physical Gold Volumes - Intelligent Partnership

“This article gives an interesting slant on what “could” happen to the gold price if everyone knew what they were investing into when buying into Golf Funds” Although I have been writing about the subject of gold price manipulation rarely have I seen the relationship of paper gold sales volume...

intelligent-partnership.com

 

[sube]

JPMorgan were convicted of gold price manipultion in 2022. It's still happening, by large firms but also central banks.
Without going on a rant, this price drop isn't profit taking, because the gold IS the money.
The amount of leverage is also very high.

Paper Gold Volumes Vs Physical Gold Volumes - Intelligent Partnership

“This article gives an interesting slant on what “could” happen to the gold price if everyone knew what they were investing into when buying into Golf Funds” Although I have been writing about the subject of gold price manipulation rarely have I seen the relationship of paper gold sales volume...

intelligent-partnership.com

I was referring to the price at time of post nobody got charged manipulating yes some lambs in 2022 got convicted and are at the country club now . Everything is manipulated when (MONEY) is involved you just have to live with it . sube

 

[60streeter]

UNFORTUNATELY GOLD WILL SKYROCKET, WHILE EVERYTHING ELSE INCREASES ALSO... GAS, FOOD ETC

 

[diggin4clad]

As they say.....what goes up, must come down. The price rise won't last forever. I was at a coin show on Sunday and was NOT a buyer of either gold or silver, but I did see quite a few people dumping what they had to the precious metal dealers.

 

[Rock Jock]

UNFORTUNATELY GOLD WILL SKYROCKET, WHILE EVERYTHING ELSE INCREASES ALSO... GAS, FOOD ETC

I don't consider it unfortunate, I consider it desirable in a world gone mad and fiat currency the global expectation. It skyrocketing serves to preserve wealth from the ravages of inflation.

 

[LongJohnSilver1]

As they say.....what goes up, must come down. The price rise won't last forever. I was at a coin show on Sunday and was NOT a buyer of either gold or silver, but I did see quite a few people dumping what they had to the precious metal dealers.

No way. Gold to the moon! This is just the first leg up.

5 years ago gold was $1280. In my pacific pesos it's up way more

 

[LongJohnSilver1]

I was referring to the price at time of post nobody got charged manipulating yes some lambs in 2022 got convicted and are at the country club now . Everything is manipulated when (MONEY) is involved you just have to live with it . sube

JPM's gold trading head is currently in jail for it.
It's the rules for thee but not for me that gets my goat

 

[diggin4clad]

No way. Gold to the moon! This is just the first leg up.

5 years ago gold was $1280. In my pacific pesos it's up way more

The general trend is upwards but there will always be ups and downs along the way.

 

[Kansashunter]

Interesting article I read this morning...

See how Costco gold has affected the gold market: Interest in gold has increased since Costco began selling the metal in October. The market for it hasn't been affected by the warehouse giant's entry.

https://www.usatoday.com/story/mone...d-rush-drives-interest-not-value/73282210007/

I would think that Costco selling metals would have very little influence over what has currently is doing.

 

[KOB]

Here's what I see if it crashes down say 30%....It will be very difficult to BUY when it does. The sellers will be stuck holding at the higher inflated price. Like when I tried buying silver not all that long ago when it was around $13oz. I couldn't buy it anywhere for less than $18oz. Total scam.

 

[Surf Master]

Here's what I see if it crashes down say 30%....It will be very difficult to BUY when it does. The sellers will be stuck holding at the higher inflated price. Like when I tried buying silver not all that long ago when it was around $13oz. I couldn't buy it anywhere for less than $18oz. Total scam.

I am looking for a stock investment in Kobs AZ. Nugget Finder's Club howboutit

 

[diggin4clad]

Here's what I see if it crashes down say 30%....It will be very difficult to BUY when it does. The sellers will be stuck holding at the higher inflated price. Like when I tried buying silver not all that long ago when it was around $13oz. I couldn't buy it anywhere for less than $18oz. Total scam.

I have to disagree with your analysis. Even during price drops I'm able to buy all the silver and gold I want at price levels that are appropriate for the current market. There are plenty of "charlatans" out there but there are also reputable dealers. I do all my buying at coin shows. A few years ago when silver was a lot lower than it is now, I was buying junk 90% silver coins at 10 times face value, now at current levels it's around twenty times face value. At current levels I'm not a buyer.