[Mount Athos]

I am totally unqualified to analyze this subject

[JonPreston]

Silver?

[E. Pluribus Unum]

Bitcoin is up about 3.5%. Seems to track gold’s direction most the time.

[jimwatx]

Maybe the crash is near. Someone here said utilities are way up too something that occurs prior to a big decline in the market. End of the year sell off?

[Larry Lucido]

Sure, why not? Buy ya some.

[CFW]

Silver went up as well. Look at the dollar. It went way down today, as did the 10-year bond yield. Dollar goes down in value (inflationary) gold and silver go up. The spike in the markets happened at exactly two o’clock when the fed announced their interest rate plans. Prior to 2:00 most gold stocks were flat are down slightly. Look at the charts of the dollar, the DJIA, the 10-year, and gold prices. You can see it clearly.

Here is the gold chart:

https://tradingeconomics.com/commodity/gold

[Retain Mike]

I have always thought of gold as backup to other assets and something to holds through the generations just in case.

[Rockingham]

The fundamentals are simple and easy to understand in the current environment. The Fed stated today that it was not going to raise interest rates in the near term, which means that there will be less pressure against inflation. In turn, higher inflation than expected leads to higher immediate market prices for equities and commodities, with gold benefiting as both a commodity and as a hedge against inflation.

[Reno89519]

Ammunition is a better investment than gold.

[jimwatx]

Gold always trades inversely with the dollar. The announcement that the Fed is planning on 3 interest rate cuts next year means the dollar will head down and gold up. Interest rates are everything.

[Vermont Lt]

The Fed signaled that they would be dropping rates at least three times next year. This means the money printing is going to start again.

Gold was up $40-50 on the news.

[LegendHasIt]

It hit an all time high on December 3rd when the Asian markets opened. As soon as the US markets opened the next day, the Central Banks (etc.) dumped enough to bring the price down significantly.

The ‘powers that be’ can’t tolerate gold prices (and silver) staying high and hurting the peasant’s faith in the worthless fiat crap that they print.

And it is going to be worse when they make their ‘digital currency’ mandatory.

[Labyrinthos]

Gold is for fools.

[plain talk]

Check out the 5 year and 10 year performance of gold vs s&p500. It’s not even close.

You will do well to look into investing in index funds that model the overall stock market as well as diversify in bonds and cash. The way to wealth is to invest 10-20& of your pay over 30 years or more in index funds. Pick one. Which one matters less than actually putting in the money and not touching it. Then you can retire wealthy. It’s actually pretty simple but not easy.

Good luck.