Posted on 10/08/2025 12:05:05 AM PDT by RomanSoldier19
Gold prices smashed past $4,000 per ounce late Tuesday, hitting an all-time high that signals investors may be bracing for turbulence ahead.
Spot gold rose to $4,022.87 per ounce at 12:50 a.m. ET on Wednesday, extending a rally fueled by a potent mix of safe-haven flows, expectations of imminent Fed rate cuts, and rising geopolitical anxieties.
(Excerpt) Read more at markets.businessinsider.com ...
4038 at 4:08 am ....
silver at 48.75
the bull looks like its running ...
On paper...gold.
That’s just China plunking its reserves in gold so they can’t be frozen when it does its grand tour of Asia. Odds are Xi egged Putin on, encouraged him to invade Ukraine, to get an idea of the West’s readiness. This is a mirror image of Korea, where Stalin encouraged Mao to intervene to save Kim Il-Sung as the North Korean army ran for the Chinese border after MacArthur cut their supply lines with his Inchon landing, Mao ‘s wager cost China 800K dead, though mostly of surrendered Nationalist troops he had sent to Korea as sacrificial lambs, as a hedge against future counter-revolution. This is perhaps why 2/3 of surrendered Chinese troops defected to Taiwan.
What might concern Xi is likely that Ukraine is warding off Russia without direct US or EU intervention, and very little aid. Whereas Korea had 500K US and 100K allied troops under US command. But he has shown every indication of extreme over-confidence. How much is real and how much just puffery to cow domestic opponents into submission is an open question. If the braggadocio is genuinely felt, we are looking at single digit years before he makes his move, maybe during Trump’s term. He is gonna need that gold to buy raw materials after the US starts sinking everything coming out of Chinese ports or shooting down anything taking off from Chinese airports.
I marvel at the way Western propaganda can damage peoples minds. NATO, led by the US, has fully supported Ukraine - to the tune of 100s of $billions of dollars in arms and aid- for years. Without aid, Ukraine has no economy or manufacturing ability.
Ukraine ping
[I marvel at the way Western propaganda can damage peoples minds. NATO, led by the US, has fully supported Ukraine - to the tune of 100s of $billions of dollars in arms and aid- for years. Without aid, Ukraine has no economy or manufacturing ability.]
Ukraine is being funded at a nugatory level. The US provided 14K planes and 13K tanks to Russia during WW2 and mountains of essential materials without which Stalin and Khrushchev admitted it would have lost. Measured against 1941’s US GDP, it was 3% of the US economy per year for 4 years, essentially the annual US defense budget today. The West definitely isn’t handing $900b a year to Ukraine. In fact, the US has given Ukraine 0 fighters and a few dozen tanks. That’s a huge climbdown from its WW2 aid to Russia.
Given that the West has funded Ukraine at a token level - the level barely sufficient to stalemate guerrillas in Afghanistan and Iraq, it is remarkable that Ukraine has held off the 2nd army in the world with these leavings. What’s even more remarkable is that the munitions Ukraine has needed to ward off attacks on its infrastructure are expensive, at a $1m and up each for many anti-aircraft missiles, soak up the vast majority of the aid budget, yet Ukraine shoulders on. Bottom line is that Ukraine has mustered up what Afghanistan and Iraq couldn’t, against a much more dangerous opponent, without US airstrikes destroying their enemy far behind the front lines. That’s a substantial achievement.
Gold and stocks rise when there is a decrease in the value of the US$.
The S&P and the Nasdaq are both on the rise
People don’t really think about it, but stocks also protect against inflation
Part of me says that it’s time to short gold. But the more sane part says just stay out of the gold market right now. Although, it might not be a terrible idea to sell a couple of ounces.
I trust the mob.
Not as efficient as the “Mob”, but just as lemming/elephant predictable.
“Look, a mouse!”
Thanks ZF.
The US provided 14K planes and 13K tanks to Russia during WW2 and mountains of essential materials without which Stalin and Khrushchev admitted it would have lost. Measured against 1941’s US GDP, it was 3% of the US economy per year for 4 years, essentially the annual US defense budget today. The West definitely isn’t handing $900b a year to Ukraine. In fact, the US has given Ukraine 0 fighters and a few dozen tanks. That’s a huge climbdown from its WW2 aid to Russia.
lol
Gold was $2801 an ounce in Jan 2025.
Shorting gold could break you.
We are ecstatic. We’ve been waiting for this for about 18 years.
Howie Carr [Show] interviewed a gold/silver merchant, asking what was the fee to buy a 1-ounce Krugerand.
The dealer (Silver-Dan?) said $59.
:-/
Howie should know that the “fee” is called the “premium” over spot, and it is about $70. at “SD Bullion” right now for Krugerrands (the premium over spot varies by seller):
https://sdbullion.com/gold/african-gold-coins/south-african-gold-krugerrand-coins
Indeed, I mentioned shorting in jest.
But at the same time, I’m definitely NOT in a mood to buy. I feel like it’s a bit higher than it should be but I don’t have the fundamental evidence to support that.
I recall selling 10 ounces that I had obtained in the 270-330 dollar range for around $800 claiming that it would likely not go higher than that. I was, obviously, very wrong.
Looks about even if you subtract the decline of the dollar.
I will suggest not buying Krugerrands.
Buy gold in the ground. Buy shares of a mutual fund owning only gold miner stocks
Such shares lag the market but reflect the change in the gold price
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