Gold Keeps Pounding Away!!

Discussion in 'Bullion Investing' started by fretboard, Jul 21, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    It's gonna be interesting to see if gold crawls up slowly in September or if it makes a balls to the walls bull run like happened in July! :D
     
    xCoin-Hoarder'92x likes this.
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  3. rte

    rte Well-Known Member

  4. fretboard

    fretboard Defender of Old Coinage!

    Nice pic, is that your nugget? :D Care to share the size, and more important than that, did you pan it?
     
  5. slackaction1

    slackaction1 Supporter! Supporter

    I was wondering if this is the new base for silver now in mid twenties or so and gold 19 -2000. been hoovering in that range for a few weeks is it tailing off now... or going to take another run.. patiently hurryingly waiting..
     
    GoldFinger1969 likes this.
  6. 1776

    1776 New Member

    30-40 years ago I toured the natural history section of the Smithsonian and saw the most impressive display of gold imaginable. Same time if memory serves me the Ellsberg collection was on display.
     
    GoldFinger1969 likes this.
  7. fretboard

    fretboard Defender of Old Coinage!

    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! :D
     
    GoldFinger1969 likes this.
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

  9. fretboard

    fretboard Defender of Old Coinage!

    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! :D What do you think?? Anyone? :cigar:
     
  10. Santinidollar

    Santinidollar Supporter! Supporter

    Gold is down today but nothing compared to the 10 percent dip in silver.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    Yep. Platinum and palladium are down somewhere between the two, 4-5%.
     
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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 :D).
     
    fretboard likes this.
  13. rte

    rte Well-Known Member

    1.4 gram.
    I recovered it from the mailbox via ebay.
    Was playing around with the camera phone.
    20200908_171230.jpg
    I do find a few (dam few) on a 20 acre claim in Arizona.
     
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  14. losthomer

    losthomer Active Member

    Another 30% drop and I'll think about buying again.
     
  15. FryDaddyJr

    FryDaddyJr Junior Member

    Liar
     
  16. fretboard

    fretboard Defender of Old Coinage!

    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!:D
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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.:yack:
     
    fretboard likes this.
  18. fretboard

    fretboard Defender of Old Coinage!

    Looks like we're on a downhill slope with gold at $1872 and all! :D Any comments?! How low do you think it will go? Anyone care to venture a guess?
     
  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Heck no! I been riding this roller coaster long enough to know better than to do any guessing. I sort of expected it to fall. It rose much too fast.
     
    fretboard likes this.
  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    It goes it. It goes down. This process is repeated over and over and over.
     
  21. fretboard

    fretboard Defender of Old Coinage!

    Yeah, unfortunately all I have to say is quite a system! :D 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! :D
     
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