Gold Keeps Pounding Away!!

Discussion in 'Bullion Investing' started by fretboard, Jul 21, 2020.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Good stuff in BARRONS last week talking about thow the traditional 60/40 portfolio no longer works with bonds at 0.5%.

    Bridgewater Associates has some stuff out too, on investing in a 0% world. They sometimes put their research up on their website.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. fretboard

    fretboard Defender of Old Coinage!

    Gold up to $1985, nice! :D
     
    GoldFinger1969 likes this.
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Back over $2,000....
     
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Bullish Gold report from Wall Street: discusses inflation, negative real interest rates, ETFs, etc. Good reading.
     

    Attached Files:

    slackaction1 likes this.
  6. slackaction1

    slackaction1 Supporter! Supporter

    In the end, he finally said it COVID played a big role in gold rising.
     
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Sure, it cratered the economy.
     
  8. slackaction1

    slackaction1 Supporter! Supporter

    The Market is back to what I had pre-covid ....wonder how high it would have went without Covid slow down, shut down, job losses.
     
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The INDICES are back to pre-Covid levels....most stocks are NOT.

    A few tech-related stocks are responsible for most of the gains.
     
  10. slackaction1

    slackaction1 Supporter! Supporter

    I should have stated it better my 401k is back to pre-covid level..
     
    Garlicus and Santinidollar like this.
  11. goldcollector

    goldcollector Member

    For what ? The last 3 weeks. Lol. Gold is right at it's all time high. Silver is at 50%. Any silver bought from 2010-2018 is still at a loss. Most of it at a huge loss
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    The math is simple l. If you put as much money into silver as you did gold then you'd have more money.
     
    GoldFinger1969 likes this.
  13. fretboard

    fretboard Defender of Old Coinage!

    Well, here's my new prediction on the POG, as if anyone cares!! laughhard.gif So I'm thinking the POG will slowly start coming up again but I don't know how much at all. All I know is I stopped buying on 8/4 but not because the price went down as it's still above the all time high of 2011 so that's a promising sign to me! Within 1-2 weeks from today we will see some movement! Problem is, I think it's gonna go up but you never know with gold. laugh.gif Anyone else have a gut feeling on the POG? ;)
     
    GoldFinger1969 likes this.
  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    The pm's will continue to go up until after November, at least that's what I think but they will move slower than they have so far this year. All this is if everything stays the same.
     
    GoldFinger1969 likes this.
  15. fretboard

    fretboard Defender of Old Coinage!

    Agreed, definitely slower! :D December should come in looking good and strong and I don't think it's gonna matter who wins in November! :happy:
     
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Trust me, it does......:D
     
    slackaction1 likes this.
  18. fretboard

    fretboard Defender of Old Coinage!

    I'd love to respond to your comment but you know the drill! :D
     
    slackaction1 and GoldFinger1969 like this.
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    To be honest, gold would probably go up MORE if my candidate loses. That's why I have gold -- as insurance if something goes wrong from my perspective.
     
  20. goldcollector

    goldcollector Member

    Yes very simple

    August 27 2011 Silver $41.50
    August 27 2011 Gold $1655.50

    Very simple. If you were buying silver, you would have lost so much that you would have stopped buying and thus have more "money". Whereas if you bought Gold you would have gained so much as soon as you get more money, you would use it to buy more Gold. Thus having a lot of gold but less "money". Very Simple. Lol
     
    1776 likes this.
  21. slackaction1

    slackaction1 Supporter! Supporter

    As the dollar weakens, gold rises, The weak dollar attracts buying interest across the pond for foreigners cause it affordable they say...
     
Draft saved Draft deleted

Share This Page