Posted on 07/02/2019 3:50:41 PM PDT by joinedafterattack
Lots of moving parts... China negotiations, Pence trip cancellation, Fed possibly easing.
(Excerpt) Read more at bgasc.com ...
I add a half dozen 1oz gold eagles to my stash every year, irregardless of the going price. I wish silver was tracking the same.
Gold is going up for the same reason Bitcoin is going up ... wealthy Chinese trying to secure/move wealth while they still can.
I can’t wait for the next seasons of “Gold Rush” and “Bering Sea Gold”.
Appointment of gold bug to the Fed.
Another possible reason: Christine Lagarde (current head of the IMF) was just voted in to replace the retiring Mario Draghi as head of the ECB.
Rumor is that Lagarde never saw a printing press she didn’t live to run 24/7. Solidly in the ‘dove’ corner.
If she lives up to her reputation, we can expect 70’s style inflation. Or worse.
Puzzling what is going on with silver. I accumulate both quarterly, not a huge amount but perhaps 5% of my net worth in metal. Silver is usually easiest through junk, walking liberty coins halves usually. For some reason there have been a lot of Vrenelli available in my region.
I remember $35.00/oz gold and $0.35/gallon gas.
. . . would seem to be bearish for gold.
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