Gold price primed for 'substantial' move up -threat of war and inflation!

The crypto and pm people are generally two very different groups though there is some overlap. There's good reason to stay away from PMs for many people aside from PM stocks. For instance if you live in SF or NYC you probably dont want a bunch of gold sitting in your house, realistically you may not even have the room for it in the tiny apartments there lol. Even if Russia and China outlawed it they would just keep it for themselves which theyve done to some extent already.

That said you probably will see some people move back to pms from the bank account freezing especially since they froze their crypto wallets too when they could find them. Then again if all your stuff is frozen you dont have the money to get them so who knows. It would make sense for others to move out of the banks like they do in India from lack of trust though

 

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Certainly don't want it if you live on the ground floor. The higher up you are, the better.

True, good point...but they wouldn't buy more, right ?

Yup.....

 

Only if you mean in the sense of being rich and having private security. Follow home robberies are getting more common where they just put a gun in your back at the elevator and don’t need to smash a window to get in.

They have before. If they thought it’d be worth there time to money wise they would. They wouldn’t do it blatantly with a CCP account lol but it’s been found in the past that like PMs and diamonds etc there have been governments buying crypto through secret accounts under different names.

 

Personally I think $2100-$2150. I think topping $2200 is a bit of a stretch, but I think with inflation being what it is and a nudge to demand, it can get to $2100 or so.

 

That's probably fair value...but gold has a tendency to overshoot on the way up and down.

If $2,200 is FV, then we could easily hit $2,500 in a few months or later this year.

 

Would like to think so but I think everything is basically in check just
because of Russias invasion my son is paying $6.50 a gallon in California
thats just to ridiculous to imagine ):

 

Try to avoid NZ.
We are paying equivalent $11.35 US gal for 91 octane - expected to go to $13.25