Gold - Is $1900.00 the New Normal?

It’s actually pretty amazing that they
can’t find anyone to fill an unskilled
position that pays $25 an hr, but with
the on going inflation it’s more like $13
the new world we live in.

 

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Interestingly, gold turned around from mid-day losses and rallied bigtime up $40 even as everything else tanked. As bonds rallied (yields fell), gold turned up.

Let's see if it's a pattern. If crypto is dead with a Fed Funds rate of 3-4% and a 10-year approaching or above 4%, gold may have legs for a move to $2,200.

 

That's pretty good pay, I'd do it if I had to, not the kind of work I've normally done but that's okay! Some look down on washing dishes but the way I look at it is this, any job is honorable!

 

Money is money how ever you choose to make it, it this economy no one wants to
work, had a unique experience at my local
Chili’s they actually have a robot delivering
food to the table, if people don’t want to work
what are places supposed to do ?

 

Traditionally the answer is "pay more" and/or "improve the working conditions".

 

I've been trying to buy up iSeries Treasury Bonds.
what fun.

I remember when gold was $400 and Platinum in the $700 range.
So I used to collect both.
Then they shifted up to Gold $800 range. I held off .. but then started buying.
Around $1200 Gold I bought options to $1550 but sold those at $1500.
and bought some nice gold coins that I didn't have.
But I haven't bought any since then.

Probably in 20 years it will be $3000/oz
but then I might be dead by then too ....
so I bought a new pickup truck recently instead of bullion.

of course, I also realized I'm on the US Mint's Enrollment program of various Silver coins (didn't they also do gold coins at one time??). So .. I guess I am still buying ... but those just go from the mail box a safe

 

if you ask the robot for Mustard does it go and get it for you ??

 

Not sure, but I don’t see why not as it is programmed to go to a specific table but
from what I observed it brought the food out
and the waitress served it, but they got this
Afar do anything is possible

 

I believe gold will trend up slowly over at least within the next 12 months, there will be fits and dips but the trend will be upward. I also think $2300/oz by November is plausible (but my opinion like everyone else is pretty useless). If inflation maintains at 8% then you know your $100 bill will buy you $92 in goods a year from now. Ask yourselves this question > which choice is more likely to at least hold its value, and has the potential to yield you up to 30% in gains? Cash money is guaranteed to lose buying power, not maybe but positively. Gold on the other hand seems to be the choice.

 

Are there any more choices besides those two? I am thinking there will be some buying opportunities along this journey. Some might panic and sell, the uncertainly brings a little excitement for me. You could lose and lose it all or double up.

 

25.00 PER HOUR probably a free lunch or and good-looking waitress whats not to like how far is it?

 

The Possibilities are outstanding…LOL

 

Gold will dip like $125 then around late nov it will get to $2000. Not enough to move the needle unless you guy a crap load and sell at $2000 Remember before you buy you must have a selling price. believe me, selling is hard to do so tell your wife or husband the selling price if you need a push. Good luck. Anyone can buy you need to be smart to sell. It gets easier and easier just pull the trigger as soon as it hits the selling price

 

My kids and grand kids will determine that
but I am sure the price will be higher inn
30 years..LOL

 

I went to church this AM and found that there were many young marrieds moving back with their parents to conserve money. I am fortunate. My children hate me, so they would never come to live with me. Well, my son would, but he done well. He's 51 now and has done very well. Maybe I ought to move in with him.
As far as PMs, I don't tell anyone about that, especially family.

 

To our children, grown adults or not, a PM is a private message, not a precious metal. Lol

 

PMs have no NORMAL

 

Oil company stocks.....

 

I just looked at the price of the Gold Eagle 4 coin Proof set .... yikes.
I used to buy those sets. Not anymore.
I really think they will be worth more in the future, but the outlay of cash nowadays is too much as I can use the $$ for more fun things like food and gas and a spaceX trip to space. lol

 

Gold at $1,837 today, the norm is getting abmormal.