Discussion in 'Bullion Investing' started by fretboard, Jul 21, 2020.
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Care to share the size, and more important than that, did you pan it?
Yeah, I expected to see some movement since we're in Sept but I don't know what's going on. The one thing that remains positive is the price of gold is higher than the old record that was set in 2011! That's a good sign and a show of strength, at least that's the way I see it!
Pension Funds starting to invest in gold:
I'm not surprised at all as they should have plenty of money and all investments have risks so it seems like a smart move to me. That said, gold went down a bit today but I'm not worried about it at all. In fact, I think the POG isn't gonna pass $2,000 until after the election and may not go up over $2,000 for a year or two as it's picking up steam! What do you think?? Anyone?
If the Fed is going to keep rates low through 2023, the opportunity cost of holding gold is close to zero from fixed income (bond) investments.
I think gold is in the $2,200 range by the time of the January FUN Conference date (who knows if it will be held ).
I recovered it from the mailbox via ebay.
Was playing around with the camera phone.
I do find a few (dam few) on a 20 acre claim in Arizona.
Yeah, Florida is a Covid-19 hot spot, I'd be really surprised if they had the FUN show in 2021! That said, you never know as their Governor is a bit on the whacky side!
He's trying to keep the economy afloat. We have a clown here in NYC who thinks small business can hold out for 2 years without customers.
Any comments?! How low do you think it will go? Anyone care to venture a guess?
I'm not sure what is happening but that's okay as I didn't expect any upward movement at all, at least not until after the election. That said, it's kinda nice for the drop as I may break down and pick up a little silver! No more gold tho' unless it gets really low!
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