If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
Posted on 09/20/2024 10:21:57 AM PDT by C210N
Key Points:
Gold price forecast remains bullish, with $2,649-$2,660 targets and strong support at $2,546 and the 50-day moving average.
Federal Reserve’s 50 bps rate cut boosts gold's appeal, with predictions of more cuts through 2025 driving demand.
As U.S. dollar weakens, gold gains over 26% in 2024, driven by geopolitical tensions and fiscal uncertainties.
(Excerpt) Read more at fxempire.com ...
Why does it seem that the MSM is crickets with respect to gold (and, more to the point, the fall of the dollar)? After all, it's not really gold going up, but the dollar going down being watered down due to M2 creation. I'll surmise that something is up behind the scenes with regard to gold that the MSM does not want to spout publically. Glowbull banksters, internationally, are hoarding as fast as they can like Fall squirrels for their winter supply of acorns. As much as they can, they are purchasing gold in dribs and drabs, while central banks print, and gold is purchased with soon to be worthless fiat.
The retail prices, the stock market is also rapidly rising as is BTC, however I'll note both of those are not money, but rather money derivatives.
The base of the monetary system from which all else is derived is gold. The VALUE of gold is stable; it's the price relative to derivatives that is rising.
December futures on COMEX at $2650
A guy with his head on WRT gold is Clive Thompson.
Gold to Infinity and then a Reset Via CBDC. Interview with Clive Thompson
Between BRICS and bitcoin, the export value of the dollar as a reserve currency threatens to bring those dollars home, thus putting inflation on steroids.
Yep, devalued dollar and poor outlook for equity investments will boost gold, but not a good sign for our future.
“Record High at $2,615, Is $2,700 Next?”
If you don’t know, how the hell should we know? $2500 could be next. Or $4000. Or $1500. Buy some and find out yourself.
$5,000 is next.
The FED just agreed to print more useless greenbacks.
All supply, no demand, leads to inflation and anti-inflation hedges like gold.
“If you knew for sure, you would be a billionaire!”
- Wise College Prof
“Record High at $2,615, Is $2,700 Next?”
It would seem $2,616 would be “next”.
One of the more damaging attributes of inflation is that investing in hard assets as a hedge means that wealth is not at work producing a return.
My take is regardless who gets elected, this economy will crash. The latest drop in interest rate by the fed almost guarantees it. If Harris gets in, it will crash like a rock. If Trump gets in, it will be a more controlled crash landing, but it will crash nonetheless. The only way to protect your wealth now is precious metals. Guns and ammo probably aren’t bad investments, either.
One of the more damaging attributes of inflation is that investing in money derivatives as a hedge means that wealth has the false appearance of gain, because your fiat sublimates away.
Overall, there is no amount of faux "wealth" gain with derivatives not cancelled if not overwhelmed by thinning of that false "wealth".
Gold has been performing well, but silver is doing even better. Silver still appears historically undervalued relative to gold.
Strategy of some - buy silver with the GSR (Gold to Silver ratio) in the 80’s. When it returns to historical levels like 15 or 20, sell silver for gold.
My strategy is just to have both.
I like your strategy better.
That is a good strategy. Keep stackin'...
Gold would be north of $20K an ounce if we valued it like we did before 8/15/1971. Maybe something to look forward to when the fiat system collapses...
If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
Monday will be interesting.
There will be ups and downs, but as we move toward major wars, gold will go up in value.
Likely, not as much as people hyperventilate about.
I anticipate a cycle high this time of around $4-5,000/oz
Still, that is great!
“My take is regardless of who gets elected, this economy will crash. The latest drop in interest rate by the fed almost guarantees it. If Harris gets in, it will crash like a rock. If Trump gets in, it will be a more controlled crash landing, but it will crash nonetheless. The only way to protect your wealth now is precious metals. Guns and ammo probably aren’t bad investments, either.”
*BUMP* 100% agree.
I bought eggs the other day. Nearly $4 a dozen! In Wisconsin! Where we have more chickens and cows than people! Aside from beans, eggs are (used to be at least!) the ‘cheapest’ protein out there.
We’re so screwed. Either way! It’s going to be blood in the streets or the bleeding of all hard assets held by Hard Working Americans. Take your pick!
Probably some combination of both. :(
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
