GOLD NEARING $4000

Closed north of 4000 today. Not sure exactly at what because it's a global exchange. Has it ever done that before? IDK. Last check at this time of posting, $4007.

 

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Kitco says 3988.00 as of this posting….. Although I am more excited about silver considering I am finally ahead on the stuff I bought fifteen years ago.

 

This is what I'm looking at. 4011 as of this time stamp.

https://finance.yahoo.com/quote/GC=F/

 

Whoa. Just looked at fleaBay. British soverigns (full quarter oz) are going for north of a grand a piece right now, no rarities involved. I hadn't looked in a while, I have a nice little purse of them in paper slips in a Crown Royal bag in the bank vault. All are pre 1930. That helps me sleep a lot better.

 

Not quite midnight yet.......... $4036

https://finance.yahoo.com/quote/GC=F/

 

Yep, even my spot price sites are showing it over $4K now.

Must be the air traffic controllers. Not enough on duty, so there's no place for gold to land.

 

It's probably because I sold a little and it's a full moon might have something to do with the overseas market. Tomorrow should be interesting.

 

Yep, surprised me to see the price is at $4017 right now, this is monumental!

 

$4,059 up $54.

Dig it, as Arthur Fonzarelli would say.

 

RECESSION HEADED.... TO A GOOD ONE.... What ever happen to opening Fort Knox? Wasn’t that a thing for a minute..........Gold surpassed $4,000 today or yesterday. This kind of rapid surge has only happened a few times in history—and it has never ended well. Did you hear that "it's all those old jewelry boxes opening".

 

And a couple people aren't paying invoices.
I'd like to think I'm in a good position, but I'm sure I could be in a better position...if you know what I mean.

 

Someone should create a thread, “Gold Headed to $5000.”

 

Add to that, a loaf of bread is headed toward $20.

Be careful what you wish for.

 

I was being sarcastic. Not wishing for the price of anything to increase, just financial sanity to return.

 

Probably won't end until January, a traditional peak period....and when I need prices LOWER at FUN 2026.

We don't need another wasteful audit of Ft. Knox.

This "rapid surge" might appear higher and stronger because of the higher absolute price of gold. Gold on a percentage basis was much stronger in 1972-74 when it became unfixed from $35/oz. to about $180/oz., a 5-fold increase in about 2 or 3 years.

Gold doubled from January 1979 to December 1979 and then another 30% into the January 1980 peak, a 175% boost in 13 months.

We're up about 60% YTD and have doubled in 5 years. Nice, but nothing historic.

 

What makes you think that "financial sanity" isn't here or we need to return to some other norm ?

 

That was my calling card and I was gonna...but figured I'd be creating it about 2027 or 2030.

 

Money Metals has a wall of text in their listing for silver halves that includes this:

Anybody besides them seeing gas at $10.50/gal? Not in the US, I'm thinking.

This is silver and gold spiking, not (just) the dollar tanking.

 

And the rocket ride continues..... My office staff has long known I was big into coins and bullion. I have had two come and ask me if I could help them get into a little gold..... Right or wrong I told them both that now isn't the time. I sure won't buy right now.