Gold - Is $1900.00 the New Normal?

Discussion in 'Bullion Investing' started by Randy Abercrombie, Apr 24, 2022.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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.
     
    Santinidollar likes this.
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  3. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    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.
     
    fretboard and Randy Abercrombie like this.
  4. fretboard

    fretboard Defender of Old Coinage!

    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! :D Some look down on washing dishes but the way I look at it is this, any job is honorable! thumbupp.gif
     
    Last edited: Jun 17, 2022
    imrich likes this.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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 ?
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Traditionally the answer is "pay more" and/or "improve the working conditions".
     
    stldanceartist likes this.
  7. Clawcoins

    Clawcoins Well-Known Member

    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 :)
     
  8. Clawcoins

    Clawcoins Well-Known Member

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

    mpcusa "Official C.T. TROLL SWEEPER"

    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 :)
     
    Clawcoins likes this.
  10. terky

    terky Active Member

    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.
     
  11. slackaction1

    slackaction1 Supporter! Supporter

    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.
     
  12. slackaction1

    slackaction1 Supporter! Supporter

    25.00 PER HOUR probably a free lunch or and good-looking waitress whats not to like how far is it?
     
    usmc 6123 likes this.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The Possibilities are outstanding…LOL
     
  14. usmc 6123

    usmc 6123 Active Member

    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
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

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

    Jim Dale Well-Known Member

    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.
     
    usmc 6123 likes this.
  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    To our children, grown adults or not, a PM is a private message, not a precious metal. Lol
     
    potty dollar 1878 likes this.
  18. chascat

    chascat Well-Known Member

    PMs have no NORMAL:cat:
     
  19. jb10000lakes

    jb10000lakes Well-Known Member

    Oil company stocks.....
     
  20. Clawcoins

    Clawcoins Well-Known Member

    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
     
  21. Sting 60

    Sting 60 Well-Known Member

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