$3,000 Gold Price Forecast from Merrill Lynch/BOA

Safe Boxes for Dyslexics, I believe.

Good to see you posting again!

 

Log in or Sign up to hide this ad.

Silent But Deadly

Did you guys completely grow up? Haven't you retained any of your innocence, or immaturity? Like me

 

Yeah…. Wife has capped my safes at home to three.

 

IMO, If the Straight of Hormuz gets shut down for any length of time gold might knock that iguana off his perch:

 

I personally thought this was pretty funny:

https://www.kitco.com/news/2023-11-...et-to-2-050-as-the-metal-s-shine-returns.html

Those guys are supposed to be really smart. Gold might *start* 2024 higher than their end of year target.

 

Nobody can predict gold's price in the short-term.

Focus on longer-term fundamentals, like the consumption of gold over decades I posted for India.

Eventually, an MS-65 common Saint will set a new ATH exceeding $4,000.

 

In a way good news for people who have gold. I have quite a bit, but it's almost all numismatic gold that sells for a lot more than melt. That might be "the wrong stuff." I do have a lot of most modern commemorative U.S.gold coins, which are worth around melt, and the gold eagles as type coins.

In another way, it's not good news. Higher gold prices usually reflect people think we are headed for rough economic waters.

 

More choices to take a person more time to get in.
Keep them guessing.
If you bolt them all together you don't have to bolt them to the wall or floor.

 

If someone had lots and lots of money it would be fun to put your safes inside a nice big labyrinth.
Add cameras and speakers and you can guide them out after the police are in place to greet them.

For added fun one could add fake safes with the doors ajar and nothing inside except a plastic Flying Fickle Finger of Fate.

 

A motion sensor that is tripped and sets off flashing red lights and a loud alarm works wonders.

 

No doubt, but no one is getting out of a labyrinth (at least not in a timely manner) without the map.
Of course this a fantasy project.

 

And while you're waiting on the police, those speakers could play minotaur noises.

 

That would scare my cat.
I'm working on a motion sensor for video as someone would enter the room... maybe a two way communication, you could patch them into the police department to see how much of a head start they would have if they left immediately.
Something that would fill the room with smoke screen would be entertaining.

 

followed by some Moody Blues excerpts: "...breath deep the gathering gloom..."

 

New intraday ATH.....$2,096 !!

Let's see where we close.

 

Holy crap! Even after it's fallen back to $2071, that still puts pre-1933 gold melt at over 100x FV.

 

Are those Canadian dollars.
I'm seeing 2071/US

 

That's the February COMEX contract, probably a bit higher than spot but what the pros focus on.

 

Central Bank Gold Binge Is Even Bigger Than Previously Thought

• World Gold Council raises its estimate for purchases
• Expansion of bullion reserves has underpinned prices this year