Gold Pumpin' Up!

Discussion in 'Bullion Investing' started by fretboard, Mar 29, 2024.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Let's hope that, unlike Everest, there isn't too much trash accumulating from the repeated attempts.

    Or bodies.
     
    lordmarcovan and GoldFinger1969 like this.
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Silver's really stretching its legs this afternoon, too:

    upload_2024-4-2_15-55-50.png
     
    rte and longshot like this.
  4. fretboard

    fretboard Defender of Old Coinage!

    Supply and demand for gold is pumpin' and a jumpin'! I can't help but be excited even though a lot of my gold is foreign, gold is gold!
     
    slackaction1 likes this.
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Folks who discover this website in 2030 when gold crosses $3,500 will say we were LUCKY to be able to buy 1/3rd lower or more.

    They'll be high-fiving because they bought an MS-65 common Saint for under $4,000 !! :D
     
    Mr. Numismatist and fretboard like this.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Not if they search back to threads like this one. :rolleyes:
     
    GoldFinger1969 and slackaction1 like this.
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    "Right now, gold is sensing that inflation is more of a driving variable than the interest rates and part of the momentum is also driven by speculators, hedge funds and commodity funds that start buying gold whenever their quantitative systems give them signals," Marex analyst Edward Meir said
     
  8. slackaction1

    slackaction1 Supporter! Supporter

    SILVER is following, if you stumble, trip, slip or fall we will run over ya. 26.10 !!
     
  9. slackaction1

    slackaction1 Supporter! Supporter

    Mr. Goldfinger1969 Silver will hit 30.00 before gold hits 3,000. Thats my uneducated guess. Ready, Set, GO.... it's on like Donkey Kong.
     
    imrich and fretboard like this.
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Maybe.....percentage wise, and given silver's higher volatility that's not a surprise.

    But gold is setting all-time highs, silver has to double to do that.:wideyed:
     
  11. Heavymetal

    Heavymetal Well-Known Member

    I killed it when silver spiked a decade ago.
    Doesn’t much matter where prices were then or 1980 although I did great way back then.
    On this trip silver will outperform
    Although I’m not selling my gold
    And they’re both spring loaded as I’ve posted on other threads over the past few months.
     
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $2,320 today....what I find super-bullish is that gold makes new highs on any news: Fed gonna cut...Fed not gonna cut....economy strong...economy weak.:cigar:

    Gold is like a beachball being held under the water....too much force to propel it UPWARD.

    If it weren't for Bitcoin we might be at $3,000 already.
    :wideyed:
     
  13. pmbug

    pmbug Taking steps on my thousand mile journey

    Foreign (Chinese) demand for gold would be stronger if not for BTC?

    :p
     
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Retail demand and institutional demand.

    ETFs bleeding assets for months.
     
  15. fretboard

    fretboard Defender of Old Coinage!

    Gold beans anyone, I'll stick to coins! thumbupp.gif

     
  16. slackaction1

    slackaction1 Supporter! Supporter

    SPANK MY BOTTOM WITH A SILVER SPOON 27.28
     
    fretboard likes this.
  17. -jeffB

    -jeffB Greshams LEO Supporter

    Circulating US silver at 19.8x FV, pre-1933 gold at 112.4x FV. I remember higher prices for silver from the 2011 spike, but of course this is new (non-inflation-adjusted) territory for gold.
     
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The supply/demand imbalance for gold was less severe for gold than silver. Hence, why the fundies there have taken it relatively higher since the 2011 -12 peaks.

    Silver WILL eclipse $50 an ounce though I am not sure it goes to $100 in my lifetime. Gold will hit $3,500 in all probablility; $5,000 possible but not sure what takes it that high. Maybe if BTC implodes ?
     
  19. fretboard

    fretboard Defender of Old Coinage!

    Yep $2327 right now and maybe even go higher today as it seems to be moving upward as I'm typing! :D
     
    Last edited: Apr 5, 2024
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $2,349 up $40 on COMEX.
     
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    There’s no doubt about it the die is cast :$
     
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