It’s already over NZ$2500 here due to currency differences GOLDPRICE . GOLD PRICE NZ$2,507.85 +51.79 +2.11%
This could turn out better than the gold run in the 70's. If U.S. dollar rises as the same time gold does then we in the Southern Hemisphere will see incredible gains. It won't be $2600 but probably $12600 by the end of the gold run. ( Just have to get down to 0.50 cents U.S. to the aussie dollar)
Yes, I think that gold will maintain its rise but believe the AUD dropping to 60c will be significant. A possible rise of $300 an ounce.
Hell, why stop at $2,600, why not go directly to $3,000. After all it was only $2,150 a couple of months back!!
And we were lamenting that price. Spot Oz buttons were sitting for weeks. Now they're going like bananas at this new price. Go figure
The kilobar sales has virtually stopped here. Was furious at 1560-1580 levels. Smart money is waiting now.
No more buying for me. I am priced out. Will get some more if there is a pullback. Time to look for something else to stick my money into
I know the feeling @66rounds It's great to be 2 years early & not having to be 2 days late & unable to escape the *FIAT MONETARY(?) COLLAPSE. . . _JLG.
I got this figure from Alor, actually, I think it's just a worst case scenario. But for me, it doesn't matter, I just cost average. I just checked my platinum stack, I'm just below cost at the current spot price - note, this includes the crazy 6.5-8% premium.
"I got this figure from Alor" How is it the only thing I get from @alor are his videos of violence all across the world on the 'ANY VIDEOS YOU WANT TO SHARE YouTube thread? _JOHNLGALT.
Wish I had some Rhodium Will re-evaluate my metals position once I have some cash saved. Last few months have been bill heavy and still trying to catch up.