Gold at $25000. Silver at $600.

[Declan]

 

[Declan]

Could this be the first day that gold jumps a $100 in a day. It has a 50/50 chance of holding it, we shall see , with 7 hours in trading in NYC left today

 

[Declan]

Videos

www.kitco.com

 

[willows68]

Gold is going for the stratosphere. Thought you might have been exaggerating - but no.
Folks - buy silver - even hallmarked items - while you can .

 

[Declan]

The federal debt is the problem that will crush the dollar. The debt limit has been reached a couple of months ago and it must be raised very soon to avoid a default .

it is powering ahead as we speak overnight and the spot price is now $3218.

in a hyperinflation, then 25k could be hit this year, who knows.

but the thing to be buying now is silver eagles at about 35 dollars each. Load up

 

[Declan]

It's going to the moon, Dan.

View attachment 6567

 

[PlunkettsGhost]

Silver still in the Doldrums. No where near its 1980s high.

 

[Declan]

Very true. It is slack as it comes s at the moment seen as an industrial metal. I might try to find a pure silver stock to try to catch the rise, when it comes

 

[PlunkettsGhost]

If we ever see anything near $50 silver, I'm out. It's wide industrial usage means the price suppression is permanent

 

[jpc]

If we ever see anything near $50 silver, I'm out. It's wide industrial usage means the price suppression is permanent

There's more consumed than produced as far as I know.
A lot of the production is as a secondary product of zinc mining.

 

[Declan]

It is easier cornered than gold. Production is a billion ounces a year so a few billion dollars would move the price much higher

 

[PlunkettsGhost]

There's more consumed than produced as far as I know.
A lot of the production is as a secondary product of zinc mining.

Another reason why it will never again attain monetary metal status

 

[jpc]

Silver still in the Doldrums. No where near its 1980s high.

The Hunt brothers attempted to corner the market in silver.
They had huge amounts.
Plus they bought silver on margi.
It didn't work out well for them.

How the Hunt Brothers Cornered the Silver Market and Then Lost it All - Priceonomics

In 1980, two brothers from Texas controlled two-thirds of all the privately held silver on earth. This is the story of how one of history's biggest bets went bust.

priceonomics.com

 

[Declan]

The Hunts failed because they eliminated margin buying and a Saudi money man backed out due to US government pressure.

Things are different now because 45 years ago there were huge amounts of silver as it was currency til 1964 .

If the bond market continues to sell off on Monday, gold will do fine even though it should retrace here a bit.

Yesterday, silver rose 1.43 so it is all to play for monday and tuesday. I expect two days to set the course.

 

[Declan]

Averaged up some more UAG @7.29 a share.

what usually happens when I buy is the stock immediately falls.

 

[Declan]

Gold now breaking above $3300

 

[Declan]

Averaged up some more UAG @7.29 a share.

what usually happens when I buy is the stock immediately falls.

IAG is $8.25 and all gold stocks are rocketing just as ROC said lol.

I believe that what is pushing gold is the federal debt which must have the debt limit raised very soon as they are basically out of cash now, even though monry would pour in yesterday, being tax day. Even then, the interest is now a killer. It is likely that thr system will collapse

 

[Declan]

Gold now breaking above $3300

A decent chance of breaking $3400 on Monday .

 

[jpc]

A decent chance of breaking $3400 on Monday .

There's a move to a new ceiling underway.

 

[willows68]

3399.48 Dollars per troy ounce at this time 12.43pm Monday

 

[willows68]

3401. 12.45. Record smashed.

 

[Declan]

Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.

www.kitco.com

Hovering about $3410 on the spot price now and if there is no pause could see 3500 this week

 

[willows68]

Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.

www.kitco.com

Hovering about $3410 on the spot price now and if there is no pause could see 3500 this week

Does anyone else feel like the rollercoaster has climbed to the top and we are now in freefall? This feels different to previous meltdowns.

 

[Declan]

Stocks and the dollar are on freefall. Bonds somewhat. Hold is flying because of fear of collapse, silver is stalled because of the fear of a depression and the drop in industrial demand.

electric cars, wind energy and solar , falling out of favor , has been a big damper on silver

 

[Declan]

Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.

www.kitco.com

Hovering about $3410 on the spot price now and if there is no pause could see 3500 this week

Could be next day . Gold is through $3500 and up almost $600 in the last couple of weeks

 

[jpc]

Breached the 3000 euro an ounce.

 

[willows68]

Throttling the everlasting shite out of it now.
Fooling no one.

 

[Declan]

Strangly enough silver did fine

 

[Declan]

The situation in India could see gold going to $4000 and beyond very quickly. And actual full war would see both currencies destroyed and silver actually become me a currency overnight.

It might be a smart thing to buy very much out of the money calls on silver

 

[willows68]

The situation in India could see gold going to $4000 and beyond very quickly. And actual full war would see both currencies destroyed and silver actually become me a currency overnight.

It might be a smart thing to buy very much out of the money calls on silver

I heard this story of Robert Friedland being employed by the Chicoms to survey for gold deposits. And the rumour being that they admitted to finding some but brushing huge amounts under the table.
The result being that any attempts by the US to leverage their way out of debt by upping the gold price - could be scuppered by that unidentified quantity of gold held by China...
Any thoughts?

 

[Declan]

They first need to check if Fort Knox is full or empty.

We are in a holding pattern here with the Debt Limit as well, they are raiding various funds etc to tide us over but in a month or so if not less, they will be dry as well. Assuming the limit is raised, the debt will jump up to maybe 38 trillion , it is parabolic at this stage.

 

[willows68]

They first need to check if Fort Knox is full or empty.

We are in a holding pattern here with the Debt Limit as well, they are raiding various funds etc to tide us over but in a month or so if not less, they will be dry as well. Assuming the limit is raised, the debt will jump up to maybe 38 trillion , it is parabolic at this stage.

Interesting times. ‍
Personally I believe Ft Knox is full of gold coloured tungsten. Ye need to look elsewhere. It's been gone for decades.
Not that they'd admit it.

 

[Declan]

If so, the price will be $10000 in an instant. They are supposed to finally audit it one of these days

 

[willows68]

If so, the price will be $10000 in an instant. They are supposed to finally audit it one of these days

You know who's been sneaking de 'gole...

 

[Myles O'Reilly]

I don't understand any of this thread

 

[Declan]

Again, silver is making an effort as we have seen countless times before. Today it is up $1.75 despite interest rates going higher which usually holds silver back

 

[PlunkettsGhost]

View: https://www.youtube.com/watch?v=QSHby_O1ZEU

 

[SeekTheFairLand]

I don't understand any of this thread

Dont worry about it, it a thread for people who dont understand anything about crypto.

 

[PlunkettsGhost]

Dont worry about it, it a thread for people who dont understand anything about crypto.

I understand crypto is entirely dependent on keeping the lights on. No leccy = no crypto. That is too much counter-party risk for me. which is not to say I haven't and don't speculate in this area. I do, but the idea that this is the future of money is a fantasy

 

[SeekTheFairLand]

I understand crypto is entirely dependent on keeping the lights on. No leccy = no crypto. That is too much counter-party risk for me. which is not to say I haven't and don't speculate in this area. I do, but the idea that this is the future of money is a fantasy

i worry about about the physical banks disappearing off the high street as increasingly the bastards with your money are harder to locate. Crypto is this on steroids.