Posted on 10/07/2025 9:01:30 AM PDT by Red Badger
Ping
Hmm.
And every time a milestone is hit a bunch of people sell, only realizing a few months later how badly they wish they had not.
I bet a lot of folks were waiting for this nice round number, to sell.
Will probably now go below $4,000 for a time.
GMTA
Meh, I just map and plan strategy on my prepper frens:>]
As has been said before on this forum it’s not the gold thats going up it’s the currency going down.
Gold hasn’t increased in value - the dollar dropped, now at 1 / 4,000th (.004) of an ounce.
Gold hasn’t increased in value - the dollar dropped, now at 1 / 4,000th (.004) of an ounce.
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Good to see someone who understands, most can’t figure it out. That said, we entered a generational Gold ( PM’s) Bull market…and No, no comparison to the last Gold Bull for many reasons…the primary is the entire world’s currencies are plummeting in purchasing power, with the world de-dollarizing into Gold, now a “Tier One asset”.
Gold Price Performance USD
Change Amount %
Today +18.30 +0.46%
30 Days +315.70 +8.68%
6 Months +971.46 +32.59%
1 Year +1,329.80 +50.71%
5 Year +2,056.91 +108.54%
20 Years +3,477.12 +732.18%
goldprice.org - 12:31 NY Time
Due note Silver is now outperforming zGold- as does in every PM bull.
I bought some silver American Eagles a few years ago. They have tripled at about $60.
Up until 1971 the price of gold in the USA was fixed at $35 an ounce.
I still have the Krugerrands that I bought for $150 each in 1977.
I went into PMs kicking and screaming. For years my wife was trying to get us to buy some gold. We achieved debt free status in 2022 and upped our 401K contributions and opened a brokerage account. It was at that point I relented and started buying silver. A few months into that our first gold. I think I’m pretty much hooked for life but the main thing is we think of it as a place to put money not an investment.
National Lampoon magazine had an article about that time that suggested, if you were really smart you would skip college and spend your guaranteed student loans on Krugerrands. heh
I cashed out my silver coin collection at a pawn shop when the Hunt brothers were paying nine times face value to squeak by my last semester of grad school.
Gold at Record Still Below Inflation-Adjusted 1980 High
Nevermind what I just posted. It is an old story.
Wonder how many read their history books where an Oz of Gold was worth $19.
I remember an old 1959 movie EDGE OF ETERNITY in which men steal gold valued at $32 an OZ and fly it to Mexico to get a higher price for it. Still less than $50.
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