These are 10 year highs. Good to see some rapid gains for a change :up:
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1648.18
1645
1645:money:
I haven't, but the value in USD of my Gold holdings is a bit over 200% now with premiums included. When it hits 2k or silver hits 25, I may do a big sell off, that would give me enough to put down against a larger house and not have a mortgage after I sell our current home.
I have sold some loose grams but then I just kept some cash out of it and bought some Mexican 2 pesos and 1/10 oz Krugerrands. I probably made 15.00 gram out of it.
All my US Gold 1849 - 1900 ones , 2 1/2's , 5's & 10's I am keeping and all of my California Gold too .
I take it you invested in '07? So you listened to Dr. Paul/Schiff very early on. I wish I got in at that level... I'm doing ok though :) Still buying now but 1/4 and 1/10 coins.
Great for us patient investors to see a rally like this...
$1900-2k very likely. Some banks are forecasting that.
Silver deliveries fast & furious. Gov fine bullion & Constitutional.
Some people call Benjie's junk silver, LOL.
https://external-content.duckduckgo....jpg&f=1&nofb=1
Gimmie dat junk.
Attachment 7472#
In Ron We Trust!
People are buying Gold ?
Gold up over 2% in early London trading.
$1680
This is insane..
If it carries on like this @specsaregood will have his dream house :D
I think money has finally woken up to the economic risks posed by the coronavirus. Gold, silver and cryptos like bitcoin are all seeing a surge right now. The equity markets are insane bubbles right now and the bond markets are crazy too. Money has to go somewhere for safety...
Currently Gold 1676.20 and has been as high as 1684 , silver 18.69 and has been as high as 18.80. Rhodium 11,100.00 , Platinum could be a buy at 963.00 , Copper 2.62 , one yr oil forecast 61.00 , wholesale gasoline 1.65 .
Disclosure: I bought some mining stocks last week. Up over 5% today.
good calls by people in this thread.
Yeah. Ended the day only up about 1.7%.
They will pull out all the stops for the market in general. P/E ratios are outrageous already. Future earnings will fall instead of grow due to coronavirus shutdowns. Negative interest rates may be coming. Money will be pumped into the system. Deflation will not be allowed, therefore inflation will always be their preference.
And what happens when people on the edge start defaulting on loans? What debt fraud will explode this time? Will money market funds bust the buck (as one did during the last meltdown)?
I hope you are saying that as a good thing. If I were Fed Chair, I would move up their meeting and have an emergency rate cut today. I would have cut rates the last time they met too. I would started doing something immediately after Apple said they were going to have major problems.
https://austrianeconomists.typepad.c...epression.htmlQuote:
“I agree with Milton Friedman that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy. I am not only against inflation but I am also against deflation. So, once again, a badly programmed monetary policy prolonged the depression.”
The bond market says cut rates. Markets work.