Yes, gold right now is $2043, it was $2055 earlier today.Quote:
Originally Posted by MrPrena
Sunspot activity is just a little more than last year which was really low, might be a colder than normal winter.
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Yes, gold right now is $2043, it was $2055 earlier today.Quote:
Originally Posted by MrPrena
Sunspot activity is just a little more than last year which was really low, might be a colder than normal winter.
I sold my SLV holding too early :( but have been buying more VOC as it continues dropping - a solid dividend ETF for oil/ng.
This winter should produce a lot more NG consumption for sure, not too terrible a speculation in my opinion. I believe more gas/diesel consumption will occur as this fall approaches also.
At that price I am going to be very tempted to sell my bullion, but I also read that some are predicting silver to hit $50, if Biden wins. I hope the latter of two doesn't happen but if I sell now and silver makes it to $50/oz, I'll be kicking myself in the pants.Quote:
I have a feeling were gonna be seeing 30$+ an oz of silversoon.
I'd hold. Then again, I don't approach silver as an investment in the traditional sense. I am looking at it solely as a mechanism for black market purchase/trade in the event of a complete or near complete social collapse.Quote:
Originally Posted by TRnCO
I have a similar mindset but not so much “black market” as a hedge against the dollar collapsing. I think that’s a huge part of what we are witnessing driving PM’s higher. Stocks too, in fact. Folks know that these wild trillions being given away are diluting the dollar further....Quote:
Originally Posted by CS1983
Silver and gold falling in the last couple of days. Oil is up a little bit.
It is too obvious to post, but here it is.
Billionaire investor Jeffrey Gundlach predicts gold prices will 'go much higher' in the long-term
Julia La Roche
Julia La Roche
August 12, 2020, 7:45 am
https://finance.yahoo.com/amphtml/ne...134509885.html
Yup, the feds keep adding to the debt, making fiat even more worthless. This is something both parties LOVE to do because it doesn't cost much in the short-term, and they're just like most Americans, short-term thinkers, that is if they think at all.
When people stop accepting fiat (HIGHLY unlikely), watch out.
Another fun article to read.
So, I guess what this guy is saying is that there will be a tiny correction to 1700s, and goes upto 10k to 15k around 2027 annd 28.Quote:
https://www.kitco.com/news/2020-08-1...ssociates.html
'Last great buying opportunity': Gold price can dip below $1,700 this year before resuming its path towards $15K - Goehring & Rozencwajg Associates
Anna Golubova Anna Golubova
Wednesday August 12, 2020 17:31
?The gold price is going to be lower at the end of the year than it is today ? This would be a tremendous buying opportunity because I'm a firm believer that the next leg is going to be driven not by COVID-19 fears but by inflationary problems,? Goehring said. ?So, wait for the next several months, use any weakness you see in this pullback to accumulate.?
In terms of how high the next rally will take us? Goehring projects for gold to climb as high as $15,000 an ounce by the end of this decade.
?Based on our research, gold often trades at a certain relative size to the Federal Reserve?s balance sheet. Using this type of analysis ? the amount of gold outstanding, specifically how much gold the U.S. government holds, relative to the size of Federal Reserve?s balance sheet, you can get anywhere between $10,000-$20,000,? Goehring explained. ?Our target is between $10,000-$15,000. That will happen at the end part of this coming decade ? 2027-28.?
If fed infuse more $$ into the economy at a faster rate, who knows it might even go higher.
Chuck Schwab commercial during tech bubble around 2001 was saying "relax"
I agree. Market will increase little higher for sucker rally.