Gold at another new record high. Ho. Hum.

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Ground Beetle
GIM2 Refugee
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We've gotten really apathetic over the last 20 years or so. I remember when gold went from $400 to $800 and gold bugs were positively giddy. Could it be that we've realized that record high gold prices just point to an increase in which the pace our society is imploding?

No rockets or cakes around here yet. What about $2,500? Is that time to celebrate?
 
I suspect it's because gold is taking it's sweet time catching up to the inflation we've had for the last year or so. It's doesn't really feel like a win - more like an "it's about damn time!".
 
It's over $3000 CDN now.
 
Just the seasonal upswing. Unless WW3 gets started this upswing will be over soon as it usually is in April or may. 2330 might be short term top until the fall rally begins
 
I continue to wonder why anyone even cares what the price of metals are in completely worthless pieces of paper. The US is broke. We can't buy anything without borrowing. If a person is trying to get more worthless paper then they shouldn't be trying to trade physical metals.
 
Apparently its a game we can play. I convert some worthless pieces of paper into lumps of ancient relics and then patiently
wait
.
and wait
.
and wait some more
.
And one day I wake up and I can convert my lumps of ancient relics into the dream property, via those worthless pieces of paper .......

Course I have to live long enough
 
I noticed that premiums fall when the price gets high. I actually found some pre-1933 to round out a type set. It will make a nice pic to post when it arrives. You know real money just has that look...
 
chieftain said:
The core machines have multiple levels of EMP protection.
Click to expand...
Do they have multiple layers of power?

Do they have multiple layers of internet connection? The bankster can hit the SELL hyperlink key all day, but if there's no communication, there's no derivative selling/churning.
 
nickndfl said:
I noticed that premiums fall when the price gets high. I actually found some pre-1933 to round out a type set. It will make a nice pic to post when it arrives. You know real money just has that look...
Click to expand...
Buyer resistance.

And, it's not really costing them anything; and holding and NOT cutting the vig, doesn't give them much. They know, from having SEEN the last 15 years, that there's gonna be wild swings. So they bought inventory at $1900/oz and sell it for $2280/oz...no premium. They made money. They'll make less when JPMChase gets really dumping the contracts.

When the price falls, if it ever does, to where the average per-unit cost of their inventory cost is...that's when they are likely to get anal over premiums.
 
Casey Jones said:
Do they have multiple layers of power?

Do they have multiple layers of internet connection? The bankster can hit the SELL hyperlink key all day, but if there's no communication, there's no derivative selling/churning.
Click to expand...

Having seen one of these core systems in the flesh, they have multiple levels of redundancy in power and connectivity. And that's just from what was obvious on the outside.
 
chieftain said:
Having seen one of these core systems in the flesh, they have multiple levels of redundancy in power and connectivity. And that's just from what was obvious on the outside.
Click to expand...
Well...my bigger point is, how does commerce continue, when the globe is one smoking orb, when most people who'd buy or help distort records with paper deals, are dead anyway?

It's like the prepper who bought frozen food because it was on sale.
 
Casey Jones said:
Well...my bigger point is, how does commerce continue, when the globe is one smoking orb, when most people who'd buy or help distort records with paper deals, are dead anyway?

It's like the prepper who bought frozen food because it was on sale.
Click to expand...

There are two things to consider:

- The people who designed these systems had access to technology decades in advance of the overt world.
- The people who designed these systems did so knowing a smoking orb was almost a certainty
 
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BeefJerky said:
I continue to wonder why anyone even cares what the price of metals are in completely worthless pieces of paper.
Click to expand...

because anyone needs those completely worthless pieces of paper in order to buy tomatoes and bananas


Zimbabwe made gold legal tender and reintroduces gold standard

https://www.miningweekly.com/print-version/zimbabwe-central-bank-accumulates-almost-a-ton-of-gold-reserves-2024-02-13#:~:text=Zimbabwe%E2%80%99s%20central%20bank%20accumulated%20793%20kilograms%20%2825%2C000%20ounces%29,pay%20part%20of%20their%20royalties%20using%20the%20metal.
www.pmbug.com
 
chieftain said:
Did you pay FRN40?
Click to expand...
I paid around $2130s because they are cleaned and probably ex-jewelry. That was about spot + $50 at the time which is retail bullion price.

I am assembling a type set of pre-1933 and had no $20s. I don't think I will ever buy a $1 gold because the premiums are 50%. I have everything else from $2.50 to $20 and will post a pic shortly.
 
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new ATH
$2,398





JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.
Silver bars at JD.com are selling at $35/oz
 
I sold some gold today ..........
Only to help with the momentum of price rises, obviously

Seems to be working
 
This is how a 3 weeks rally looks like
Everyday higher highs

SGE

 
And as predicted by thoughtful observers, many times in the past...the chaos is being turned up to 11.

The blinders are coming off. We're at the point of "Private knowledge that everyone knows" - that is, we all know it but still we whisper among ourselves, not daring to say it loudly in public.

What knowledge? The wonderful vaccine, of course...plus, the reality that the Ruling Party has been turned and co-opted, and that the Untied Skates have had a Color Revolution. Our government is beyond totalitarian - it's becoming brutal on dissidents and those who would lawfully take office to stop the current insanity. FORTY MILLION invaders have BEEN BROUGHT in - they didn't even break in; they walked across cuts in the fence, and now they fly openly, for free, on private jetliners - paid for by **OUR GOVERNMENT**.

Our money is being actively debased, and the government's answer? PRICE CONTROLS. Which will build us the sort of healthy economy of 1970s USSR. Or the economy of Maoist China - Party faithful can have a bowl of rice a day; everyone else needs to starve.

We don't even know who is running things. It's not the senile idiot who couldn't discuss issues with the Opposition candidate; he's too demented to speak, even. Who, then - and WHY DOES NO ONE HAVE ANY CURIOSITY?

We ARE going to have a reckoning, and soon. The metal we all need, at this point, is lead, brass, blued steel. Gold will be beneficial but we need tools more than savings.
 

Gold Bars Are Worth a Million Dollars for the First Time

(Bloomberg) -- For the first time ever, a bar of gold is worth a cool one million dollars.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After...
finance.yahoo.com
 
Gold hit a new high in all major currencies. Is anybody putting a hard limit on purchases above $2500? I been buying mostly spot krugerrands and 1/4 oz spot + $10.
 
It hit it's all-time high in pound sterling in August which was only a few weeks ago. Close enough. That also means that interest rates are too low and we are going to have real inflation for awhile despite how it's reported since everybody is lowering rates so as not to collapse the fiat system.
 

​

78-Year-Old Bullion Dealer DESTROYS Dave Ramsey on "Investing" in Gold (and Silver)!​

16
 
It's going to near $2700 most likely this year and then $3k by end of 2025. Buy the dips.

The FED is adding record liquidity over the next few months not to mention the debt will escalate to unsustainable levels that will crash the currency.

Gold will be expensive to where even what's left of the upper middle class will consider it too expensive to purchase impulsively or save.
 
I also remember the good old days when gold was still under $2k. That was in March or 6 months ago! That is 25%+ in 180 days.
 
If the Fed Bank is going to start cutting rates without cutting inflation, we might as well go all in on gold....of course if they later change their minds, prices will drop.
 
pmbug said:
$2,570 currently. Seems to have broken through $2,550 resistance.
Click to expand...
I think what's happening is, those with money to protect, are having a Reality Check. It's becoming undeniable what's happening - it's happening right in their cities, the invaders running riot all over. PAID for by...what? Tax monies? We should only hope. It's paid for by huge quantities of printed-up fiat.

And it's becoming obvious that everyone with a price - everyone who's sold his/her soul, or is open to cutting a deal - is either bought, or advertising to be bought. Everyone from Cheney and former-A.G. Gonzales, to the legions of Fake Nooze propagandists, and down to church non-profits serving as ground troops for this invasion.

This means two things:

--America IS DONE - its leaders and charitable groups have prostituted themselves to be revolutionary soldiers in its destruction;

--Paid for by DEBASING THE CURRENCY. Not only will America collapse, the dollar is being made worthless.

There is nothing else to do, but find something of enduring value that will withstand the political, social, and economic collapse - and put money into that.
 
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