Gold - Is $1900.00 the New Normal?

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

  1. Bobn58

    Bobn58 New Member

    Anything under $2000/ounce will look like a deal very soon in my opinion. Buy Buy Buy.
    GoldFinger1969 and usmc 6123 like this.
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think between $1,800 and $1,900 will
    be the new normal barring any significant
    changes in world events.
    GoldFinger1969 likes this.
  4. crazyd

    crazyd Well-Known Member

    I am not overly happy with my MIL but she moved in with us because she had no where else to go and only has SS. She goes to church alot - says God will provide. Nope - that would be me - at least on earth.
    imrich and GoldFinger1969 like this.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Exactly so. He gave her you. ;) :rolleyes:
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Who is…LOL
  7. charley

    charley Well-Known Member

    Why would that be, if cost of goods increases accordingly?
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Gold and inflation don't track in the short-term.
  9. imrich

    imrich Supporter! Supporter

    There are "more/better choices" (e.g. eliminate debt, acquire necessities, move to relative isolation/security,...., buy loading supplies).

    I've done all of the above, and now improving security system.
    Last edited: Jun 26, 2022
    usmc 6123 and slackaction1 like this.
  10. slackaction1

    slackaction1 Supporter! Supporter

    Imrich you are prepping, just in case........... you have something to fall back on for the long haul. (necessities)
    imrich likes this.
  11. Andy

    Andy Coin Collector

    imrIch…Would you consider adopting me. You had me with buying gold dollar cost averaging for less then 70 years.
    imrich likes this.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Get a better mouse trap...LOL
  13. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Holy smokes. I haven’t looked at the charts in a couple weeks. We are currently at $1768.00….. When did we tank?
  14. -jeffB

    -jeffB Greshams LEO Supporter

    There was a big plunge right around the time the markets opened, but both gold and silver got a bit of a running start downward earlier in the morning.

    Since changes in PM values always actually reflect an inverse change in the dollar's purchasing power, I was expecting to see groceries a good 2% lower this evening. Imagine my disappointment. :rolleyes:
    Randy Abercrombie likes this.
  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Strong dollar, weak Euro. Risk-on assets doing well last week or so.
    Randy Abercrombie likes this.
  16. fretboard

    fretboard Defender of Old Coinage!

    Yep $1768, feels like the down cycle is upon us, mama said there'd be days like this! :D
    slackaction1 likes this.
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Remember, it’s only a loss on paper so don’t
    get to excited either way, I buy GOLD monthly
    2-3 once’s usually and that will not change
    based on price as cash out time will depend
    on the grand kids :)
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Right now, the strong dollar is killing gold. :( The Dollar and Euro are basically at parity, first time in 20+ years.
    -jeffB likes this.
  19. fretboard

    fretboard Defender of Old Coinage!

    Yes, another Fed meeting at the end of this month so that makes me think gold will take another dump in price to end July. :brb:
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The fed, destroying the economy not helping ! more hikes on the way !
  21. -jeffB

    -jeffB Greshams LEO Supporter

    The price of gold is not the economy.
    crazyd and masterswimmer like this.
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