Gold is Taking a Beating Today!

I'll buy when gold is under 2K again.

 

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$4344

 

I wouldn't be surprised to see it happen, but I'll probably start buying before then.

 

Is it splitting 2-for-1 ?

 

I would be shocked if it went under $2,000. But I would easily buy 5-6 coins at that price if not 10-20.

 

I think that ship sailed a couple of years ago to never return to port.

 

2K Euros ?

I agree...but if you use the 65% drop from the $800 oft-quoted 1980 price to the $280 low (20 years later) that would equate to a drop of about $1,950.

That price rise was faster and more parabolic, IMO....I can't see gold dropping that far unless CBs become major sellers.

 

Can you imagine circumstances that would lead them to do so?

 

18% mortgage rates like what happened in 1980? Everyone would liquidate all investments and just park their money in certificates of deposit. Seems unlikely, it would crush economies world wide.

 

It was the culmination of a 35-year bear market in bonds.

Highly unlikely.

 

Under 4K gold, looks like its coming up fast

 

I see COMEX ~ $4,150 at the lows this morning., down another $100 and change, but nothing near or below $4,000.

I would expect some buying at that level.

 

Now @ $4,106.94, will it stay or will it go ?

 

The local gold and silver store is starting to do more advertising
Wonder if they are slow?
They did recently paint and spiffy up the business... maybe they are slow.

 

It seems logical, the price goes down, people start buying that SILVER price is getting stupid as well $ 62.09