Gold hits highest price in at least 5 years

Discussion in 'Bullion Investing' started by myownprivy, Feb 19, 2020.

  1. myownprivy

    myownprivy Well-Known Member

    Check out the 5 year charts. Gold at $1607 is the highest its been in the past 5+ years.
     
    xCoin-Hoarder'92x likes this.
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Cool.... I used to look at those charts constantly. That's a nice surprise.
     
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    If certain things happen between now and November, it's going ALOT higher.
     
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  5. Kasia

    Kasia Got my learning hat on

    I think it will but I'm not getting in on buying. Would like to have extra funds to bet on this, but don't.
     
  6. J.T. Parker

    J.T. Parker Well-Known Member

    I look at the price points w/ a 'pinch' of skepticism. (Guess I've grown into becoming that grumpy-old-fart after all.)
    At least, this way I'll not be disappointed...and dare I say it, Pleasantly surprised.
    Just my 25 ounces worth,
    J.T.
     
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  7. hotwheelsearl

    hotwheelsearl Well-Known Member

    My grandfather left around 20 ounces of gold bullion when he died.

    Considering the current prices, it would be great time to sell, right?

    Unfortunately, my father is weirdly "sentimental" about bullion that has no sentimental value, and won't let me sell them. :(
     
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  8. J.T. Parker

    J.T. Parker Well-Known Member

    Greetings Earl,
    Personally, I believe if you don't need the cash for bills or what-not, I would not sell.
    It's kind of like having an 'ace in the hole', a 'get outa jail' card or 'rainy day' stash.
    Also, I wouldn't be too hard on your dad for being 'sentimental' as you will miss him when he's no longer around. (Just my personal experience)
    J.T.
     
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  9. J.T. Parker

    J.T. Parker Well-Known Member

    Thanks Randy!
    J.T.
     
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Keep one for sentimental reasons...put the rest of the funds into numismatic gold and quasi-bullion (i.e., Saints).

    That's what I did with a much smaller sum.
     
    GeorgeM likes this.
  11. hotwheelsearl

    hotwheelsearl Well-Known Member

    Good point. Nobody needs the cash now, so like you said it's an excellent ace in the hole.

    My biggest lottery win ever was $72. I've kept those exact bills in a special place. The idea is, when I'm at rock bottom and have lost everything, I've got $72 of lucky money to get back on track. Something like that
     
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  12. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Heck, I just took a peak and silver ain’t doing half bad right now either.
     
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  13. J.T. Parker

    J.T. Parker Well-Known Member

    Yea!...But we must wait for the dust to settle.
    (I.E. the difficult part)
    J.T.

    Earl, I never won on a lottery ticket but did find a $100 bill on the ground at a 7-11 store once. At the time there were no other cars in the parking lot so, finders, keepers....Jeepers-Peepers!
     
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    BARRON'S had a bullish piece on silver a few months ago..supply deficit...have to reach out to my PM contacts and see what is up.
     
  15. Kasia

    Kasia Got my learning hat on

    Will have to gather my junk silver and put aside to sell if it continues to trend higher. Maybe watch to see if it might go into the twenties.
     
  16. myownprivy

    myownprivy Well-Known Member

    $1623. Are you kidding me?
     
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  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    It goes up and it drops.
     
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  18. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Seems like yesterday that I was quite excited about gold going over $1800.00. Boy, that was a steep fall.
     
    Collecting Nut likes this.
  19. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Check GDX chart. Click on max for time and notice that breakage above 30.0 usually leads to a quick move up or down IMO, If you are into paper moves a straddle option here often does very well, you win either way. Buying or selling physical is too strong of a move in this unpredictable year, a paper play can make or lose money also, but you can set limits or change them quickly, and there are several scenarios you can create with them. Personal opinion only , know what you are doing. Jim
     
  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    Hang in there Randy. Gold loves economic and political unrest and with what's happening in current events I personally do not see any changes in the near future. I think gold will continue to rise in price.

    This is not meant to be a political statement in anyway or form in case anyone feels it is.
     
  21. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Troublemaker.....:hilarious::hilarious::hilarious::hilarious::hilarious:
     
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