Gold News from Kitco! Will gold continue to go up??

Discussion in 'Bullion Investing' started by fretboard, Sep 4, 2019.

  1. fretboard

    fretboard Defender of Old Coinage!

    Dumb question here I know, but I gotta put a hook right here or some will ignore this thread! :D What are your people telling you all about the price of gold? I know some of y'all know people in stocks and bonds, so what are they saying? :phantom: Check out Kitco today! Are you buying right now? Selling, or holding for a bigger and better day? :D

    https://www.kitco.com/news/video/sh...w.kitco.com/news/video/latest?show=Kitco-NEWS
     
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  3. tommyc03

    tommyc03 Senior Member

    Now you went and did it. @myownprivy is going to get all worked up.;)
     
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I know all this is exciting to watch. But man it has risen far too fast for this to have any lasting effect. Not buying or selling. Just sitting tight.
     
    wxcoin, tommyc03 and fretboard like this.
  5. tommyc03

    tommyc03 Senior Member

    I don't have much in the way of gold but if silver hits $30.00 I'll sell some. Right now the stock market is just bat crap crazy. Information overload going on now and hard to keep up with it all.
     
  6. J.T. Parker

    J.T. Parker Member

    I had to replace the sewer line from my (Early 1950's) home to the street a while back, so I ended up selling off 2 raw Saints this July, a 1911-D & a 1924-P XF condition. Needed to replenish my sagging checking account. I made a good profit on these 2 and I'm sure both buyers are very pleased w/ their purchases, now, more than ever.
    It's great when EVERYONE is happy!
    J.T.
     
  7. fretboard

    fretboard Defender of Old Coinage!

    Stevearino and Randy Abercrombie like this.
  8. crazyd

    crazyd Active Member

    Has Kitco ever had a negative outlook news/article on Gold ?
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It’s sure pulled back over the past week or
    So, that much I do know !
     
  10. Derek2200

    Derek2200 Active Member

    I believe gold will continue go up. Modern World slabbed gold in high demand.
     
  11. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    What percent of holders who recently purchased gold or silver do you think sold at the recent peak, and what % hung on because it is going much higher
    ( Darn JPMorgan !!)?
     
    fretboard likes this.
  12. J.T. Parker

    J.T. Parker Member

    Hello Group,
    I hope that those individuals who needed extra cash for fix-ups, like myself, or perhaps other 'cash emergencies' were able to sell recently at a decent profit. I was a little early on my timing, but as they say, 'no one ever went broke selling for a profit'.
    I sold the only 2 pieces in my collection that were not slabbed & continue to hold on to the remaining pieces that are!
    Metals continue to ride the roller-coaster and I would recommend to anyone holding either gold or silver, unless you really need the 'dough-ray-me', just continue to enjoy the ride.
    My 2 Centavos,
    J.T.P.
     
    fretboard likes this.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I dont know about the rest of you, but getting a little worried on the trend currently
    at $1,500 and dropping, its time to go run and hide...LOL
     
    fretboard likes this.
  14. yakpoo

    yakpoo Member

    Gold bullion (in Dollar terms) is a long-term short play on the U.S. Dollar. It makes more sense (to me) to use options for short-term positions.
     
    Last edited: Sep 10, 2019
  15. J.T. Parker

    J.T. Parker Member

    When it hits $875 per ounce then I'll be in the red. However, In the scheme of things, 25 ounces is not exactly Ft. Knox & Meanwhile I gets me to enjoys the beauty of the coinage....A-Yuck!
     
  16. Heavymetal

    Heavymetal Well-Known Member

    Fed rates staying down for awhile. Cheap to hold.
     
  17. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Hmmm, wonder where the charts have gone , now that gold isn't being pumped. How long does it stay negative charters???
     
    -jeffB likes this.
  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    The PM's will continue to rise as long as investors have a fear of recession.
     
  19. medoraman

    medoraman Supporter! Supporter

    Yeah, or using overpriced dollars to buy undervalued foreign equities. When it corrects you not only increase principal, but the dividend cash flow improves.
     
    Charles REid and -jeffB like this.
  20. TheFinn

    TheFinn Well-Known Member

    Which currency are you referring to? The increases are different in US$, CDN$, China R, Mex $, etc.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    As someone who has worked in the financial markets for 30+ years, I can tell you that NOBODY knows where gold is going to trade.

    It's a commodity that does not trade on funamental values, like stocks or bonds.

    It can be affected by everything from interest rates to central bank selling.
     
    J.T. Parker likes this.
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