Gold - Is $1900.00 the New Normal?

That's not necessarily true.

One's standard of living can go up even as the currency goes down -- U.S. dollar 1946-1980 -- and even during shorter periods of time.

The United States Dollar is a global reserve currency. Ergo, it must be in greater supply than if it were just meeting domestic demand. With greater supply, the dollar declines slowly over time. This is NOT incompatible with economic growth and maintenance of purchasing power in real time.

The best hedge against inflation or decline in your currency ? Stocks.

 

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My heart is more like Warren Buffet's on Bitcoin...but my head says its here to stay.

That's not to say about other crypto currencies. Ultimately, Bitcoin might be Amazon and the rest of the crypos are all those internet companies like Pets.com that went belly-up.

 

Smaller denomination gold coins have a lower FV...but higher premiums.

More demand for the smaller coins....and with the absolute cost much less (10-50%) of a 1-ounce coin...more buyers.

You get a DISCOUNT for buying a full 1-ounce (sometimes even 1/2 ounce) but many people don't want to stretch; they'd rather buy multiple ounces of silver or a single small gold coin.

 

I call that the Costco effect, if your going to buy GOLD the lowest buying premium
can be had there, picked up a couple onces for only $18 above spot at current levels
so was really happy about that

 

Curious...did you goto Costco just for the gold...and end up buying other stuff too ?

Or just went for the gold and just bought gold ?

 

I can get the Costco hot dog for a $1.50 in town so there no lure there
unfortunately I have to drive an hour in a half to St George it makes allot
of sense. as I have learned they usually get there shipments in on
Wednesday and they price it right there and that doesn't change so
it can be up or down, just have to catch it at the right time last weekend
picked up a couple onces for $26 over spot, some body pinch me...LOL

 

Holy crud. Just looked at we are a whisper from $2800.00.

 

According to Yahoo Finance, it crossed 2800 yesterday. $2813 at close today. I'm not sure but I think it briefly touched 3000 a couple of months ago? Might have been an intraday thing.

 

I try and spin off and do a restaurant thats not down here in Vegas they have longhorn steakhouse in St George and the chop shop but I just found out that there
building one right down the street so gives me one less thing to consider but its always all about the GOLD $2,801 as of this post !

 

A better question....Is $2,900 The New Normal ??

 

iam ready for $3,000 !! at the rate its been going I can definitely see that this year

 

My Krystal Ball is still in the shop...
Depends on who's going to knock around the market. the market that usually gets a blip-dip around the same time of the day.

 

Could see it this month.....

 

Longhorn Steakhouse is the best you can do in Vegas? I'm not sure you meant that, not sure where St George is. I'll bet any casino in Vegas has a steak 10 times better than that, and cheap. Some of the finest steaks I've ever eaten were at casinos.

 

bitcoin is definitely going to thrive under the current administration and new laws proposed under the previous administration are winding up in the trash can...LOL

 

Too bad we don't have a coinage politics subforum, I could say a few things.....things are making a change lately.........for the better!

 

Just be happy you don't live in my state where I'd estimate 3/4 of the residents would vehemently disagree with you!
I'm just happy to avoid conflict by having high fences/gates/barbed-wire/patrol-dogs, establishing "good-neighbors/family" that don't express their differing opinions!
Regardless, the property-tax assessors establish their opinions with double-digit unsupported increases.
I believe we can only win when they close the cover! JMHO

 

Property taxes and insurance certainly isn't getting better. I don't have homestead protection on our gulf place as it is considered a second home. I'm getting killed between that and the insurance, and hurricanes ain't helping out one bit, even though I've never filed a claim. Several double eagles worth.

 

Yep, gotta love that pumpin' up action, shocking gold stackers all over the world!