Tensions rising in the Middle East, so is the price of GOLD

Discussion in 'Bullion Investing' started by mpcusa, Apr 20, 2024.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    As the conflict between Israel and Iran
    ramp up so does the price of GOLD !
    my lLCS calls it the fear metal when
    people are a bit uneasy about world events they buy GOLD and I am very
    uneasy as everything is up ! Gas just
    hit $4.50 a gallon at my local Costco
    my son is paying $5.25 a gallon just
    outrageous !
    SensibleSal66 likes this.
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  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    So far so good here. It was $3.49 gal. this morning.
    fretboard likes this.
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Gas has risen over 50 cents / gallon locally in just the past week.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Just think if the war expands further !
    gas prices will get really bad :(
  6. derkerlegand

    derkerlegand Well-Known Member

    and a GREAT time for the House to approve $95 billon in foreign aid for Ukraine, Israel and others! Hope you're hungry, your $30 Big Mac is comin' up!
    mpcusa likes this.
  7. masterswimmer

    masterswimmer A Caretaker, can't take it with me


    'Like' this post if you agree!
  8. tibor

    tibor Supporter! Supporter

    While I do have some gold as a hedge for inflation, my wife and
    I keep a well stocked pantry. 4-6 months of non perishable food
    items. And yes toilet paper as well.
  9. rte

    rte Well-Known Member

    I'm looking at stocking up on some inventory.
    My better half likes bottled water, I can just as well drink from the faucet.
    We have the staples, rice beans and such.
    I'd like to find a place indoors for a freezer.
    If I ever get a wild hair and enclose the carport into an unpermitted garage :stop::( I could move the toolbox and gain some space for a freezer.
    mpcusa likes this.
  10. tibor

    tibor Supporter! Supporter

    My wife is concerned about water as well. We live in a house that is
    2000 sq.ft. I'm running out of room for water. I've got 30+ cases of
    water. She wants more.
    SensibleSal66 likes this.
  11. -jeffB

    -jeffB Greshams LEO Supporter

    masterswimmer likes this.
  12. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Just load up the "bunker" with more supplies. Don't forget the snacks too. biggrin.gif
  13. fretboard

    fretboard Defender of Old Coinage!

    Wish I lived in your parts, I paid $5.39 a gallon today here in Cali and I had to travel a few miles away from my home to get that deal! :cigar:
    SensibleSal66 likes this.
  14. daveydempsey

    daveydempsey Well-Known Member

    £1.60 a litre here.
    which is $7.32 a US Gallon for me, so you can quit whinging
    ldhair, fretboard and Victor_Clark like this.
  15. Heavymetal

    Heavymetal Well-Known Member

    Plenty of gas in Florida. People buying bigger boats and trucks to haul them.
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It’s always a good idea to be prepared
    it seems every time I turnaround there’s
    a shortage of something I have to wait
    until the end of the month to get my monjoro.
  17. imrich

    imrich Supporter! Supporter

    I have for at least a half century, including a water bed full of deep well water.

    I recently decided I'd open a sealed pouch of smoked fish stored at least 30 years ago.

    As a scientist, I'm very cautious, and check for any expansion of the pouch, and depress to determine for pliable texture.

    Everything appeared/seemed copacetic, so I opened one side and microwaved for 5 minutes on defrost.

    Amazingly the removed/tasted product was delicious, my German Shepherd loved some juices over his food, and days later, nothing appears wrong!

    So, I believe you've made a wise decision!!

    I have a hygienically-clean process household that eliminates the need for "toilet-paper"!
    Last edited: Apr 22, 2024
    tibor likes this.
  18. slackaction1

    slackaction1 Supporter! Supporter

    If your still alive tomorrow, I will believe you. 30 years u say!! THATS AWESOME!!
    imrich likes this.
  19. imrich

    imrich Supporter! Supporter

    To the probable displeasure of many, I'm still here, trying to educate!
    slackaction1 likes this.
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Gold's fundamentals -- which I have posted on othe threads -- remain intact. This emotional selling to no-war in the Middle East will fade and then gold will rise again.

    Look at how gold rose with a rising 10-year T-Bond rate...then in the last few days we are told that rising interest rates are a headwind for gold !!! :D
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Social unrest in the world makes people run to GOLD for a sense of security many producers have bars that you can split in to
    smaller amounts so if you had to barter then you would have smaller amounts.
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