Ping
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.
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.
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.
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.
Spot just hit $4k.
Silver Shortage “This Is Not A Drill” - Mike Maloney
https://www.youtube.com/watch?v=eYC9CuZEw2c