Posted on 02/02/2025 10:43:10 AM PST by delta7
PM’s will go to the moon IF the Comex or LBMA has just one failure to deliver event. Many have predicted a Comex failure to deliver event, but now it could be an LBMA failure to deliver event. Good, they both have been guilty of manipulation for decades….” Unequal weights and measures”.
Keep in mind the entire world’s Central Banks have been buying physical Gold by the tonnage, ( not Bitcoin), we are soon to find out why. The world’s BIG money is all in.
A major milestone last week, ALL the world’s currencies just hit an all time high in to buy Gold….it is now taking a record high amount of any currency to buy Gold……which says a lot about paper currencies.
BTC is up 200 percent the past 18 months.
SOL is up 1000 percent.
AVAX 600..
Do you read or only what you want to?
“””The media story blames Trump’s potential tariffs.”””
The media, along with the Brokerage Houses, always have reason why a market went up or down. In most cases the reason has nothing to do with the price change.
If there is a large short position in gold, that will force the short sellers to buy gold to limit their potential losses.
Of course, most folks do not understand anything about markets being long or short.
How do you sell your bitcoin, SOL and avax?
The U.S. Dollar is Worth-Less.
All have counter party risk.
according to chatgpt
how much gold and silver do average us households own
Great question! The average U.S. household doesn’t typically hold large amounts of gold or silver
Gold: It’s estimated that about 10.8% of Americans own gold, with the average amount being around 6.4 ounces per household
On average, an Indian household owns about 12 ounces of gold.
___________
I really do not think there are 10% of US households who have even an oz of Gold. But I am guessing that many of these households that do also have a few pounds of lead and brass.
I might have 6.4 oz of gold, but I don’t know for sure.
I made sure my kids have gold in their mouth instead of ceramic though.
(it actually cost less than getting ceramic believe it or not, and their really old dentist was enthusiastic about doing it)
he retired at almost 90 and now to get decent gold done you have to go to Vancouver Canada cause there are lots of Chinese who demand it
The only stuff the government knows about is what’s been bought from the US mint. I bet more than 10 percent of Americans hold gold. The smart ones, anyway. I don’t own any gold or silver.
People own physical gold/silver are usually smart enough not to talk about it.
People who...
according to chatgpt…
—————
A small detour you may be interested in.
“What happens when you ask two Western AI programs and the new Chinese DeepSeek a politically sensitive question? We decided to find out, as Cathy Vogan reports...
https://consortiumnews.com/2025/02/01/what-deepseek-says-about-nulands-role-in-ukraine-war/
Over the past 41 years gold has more than doubled in price, in then and now current dollars. ($1200.46 - $2426.60, from January 1984 to January 2025). In that period the S&P 500 has only gone up by slightly more than 6.1% a year, from $506.08 to $5881.63. The rate of return on gold in that period was slightly more than 1.7%, not nearly keeping up with inflation. Thank your luck stars that you didn’t grab gold in February 1980, for a mere $2657.20. Sell that for $2800 in 2025, and you make a cool 0.12% a year. (Not counting the expense of storage and safeguarding.)
Huh? Gold in 1980 reached a peak of approx. $700. I bought some then.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
The chart “deflates” for the CPI using today’s price as baseline. My bad. But the same is true for the S&P 500. What got me going was that I knew the S&P was a better investment. I knew a lot of gold bugs in ‘83, which is why I chose that year to start. Not cherry picking.
https://www.macrotrends.net/2324/sp-500-historical-chart-data
At least over the past 40 years, an index based mutual fund is a better investment that gold. People who bought gold for $800 in 1980 got killed.
I see your point. Buying and holding a good stock index fund at the right time may have beaten the gold return.
I began my “serious” gold investing in 2008 (also near $800 per ounce). Since then it’s done fairly well. I never considered it an investment, rather an insurance policy against an eroding currency. In that regard it has performed its job well.
Wait until the morning. We will hit $3k this week.
People are getting nervous.
People are getting nervous.
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A few others are getting very excited, especially those that believe in Constitutional money, Wealth and Equal Weights and Measures….some have been waiting patiently since 2001 when Gold was $250 t/oz.
Sad fact is most have no idea what $3k, $5K, $10K Gold really means, they are about to learn a history lesson. Paper currencies are dying all across the board.
J.P. Morgan stated in his testimony before Congress in 1912, “Gold is money. Everything else is credit.” Very, very true.
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