Gold at ATH.....what do your tea leaves say?

Looks like you had luck that the checks weren't coming fast enough - buying gold now = getting 3 more ounces on the 100 than oh yesterday.
Maybe it gets even better!

 

>>> 5592 tonnes gold sold over the period 1997-2009, price range $300-$700
>>> 3674.7 tonnes gold bought over the period 2010-2017, price range $700-$2000
Due to lack of interest, I ceased monitoring in 2017.
But since governments worldwide economical sabotage starting in 2020, revisited, to read that since then governments bought 1000 tonnes annually.

and price $1500 doubled to $3100.
That put in other words, you get now in 2025 half the amount ounces you got in 2020, and JohnnyBravo300 wishes now in 2025 his cheques coming in faster, hopes price stays that "low", with that "low" being an alltime recordhigh.
That's smelly fish, no?

 

I don't know where things will end up but gold and silver still seems cheap in this mess.

 

I think were nearing the basement and PM's aren't going to get much cheaper. Maybe I'm just an optimist but I believe in capitalism and the American free market. I believe in what Trump and Musk are doing and think success will in turn create more success. Better trade deals will create more and better jobs in America, our debt will go down, and the free world at least will get on board and we'll all thrive together. In short, a Golden Age.

And one of the more important aspects of it will be PM accumulation as the market stabilizes which will reflect a stronger dollar and better economic decisions by individual citizens, less use of those wretched credit cards while paying them off more, and more savings. When you or I buy a silver coin we are "saving" and not spending. But we have to stay the course and if we have to suffer for 6 mos or so then so be it. We were slowly dying under Biden and I feel this is the last chance for the America I grew up in. A "gut feeling" that just wont go away.

The America where fathers came home from good Jobs, Moms made dinner, Dad played ball with us, Americans had money for vacations, drive in movies, going out to dinner, ball games. When we made things here and were proud to doff our caps when the Anthem played. We respected our military and emergency workers. In the America I grew up in Fathers went outside in -15% mornings at 0-Dark-30 to help the Firemen put their hoses away after a fire. I want an America off a Norman Rockwell painting again, not an America controlled by selfish Globalists, swamping us will illegal aliens so they will eventually have the right to vote whom they are told to.

I know I'm going on about things but somehow I sense its all tied together. Every dollar our Govt. spends has to be accounted for and the thieves who got rich from stealing it need to go to jail. America's real power Lies in economics and we have to set loose our economic wealth and we need to start making things and saving again. And I see buying PM's as a great long term savings engine. Theres a reason why autocracies like China allow their citizens to buy gold despite not allowing them to send their currency outside the country. And theres a reason so many countries want to park their wealth in America with so much of it being PMs.

 

Whether u save a few piss poor declining $ by halting a buy is irrevelant really as has been shown time and time again, the people who waited in years before saying "seems high" or def not now its at ATH have been had hopes dashed to time and get in on lower floor. Yes it declines but other then afew points in time where its stagnated Gold has always gone up in time and always up over time. Whats happening now as a whole has just sped things up as you've said since 2020 especially...almost simultaneous destruction of economies. While not as intelligent or have gone in depth as much in research there is simply no need time tells the tale and beyond space mining which would instantly devalue and is yet fairy tale there is to much momentum-theyve pushed it down and tried divert attention instead wheels gained traction again and again amongst the shitshow safe haven always

 

All good points and it has been speeding up like you said.
Hopefully this pullback lasts a few weeks so I can stack some paychecks! I'm getting pumped up!

 

Who was the guy here, a few years ago, who was always bagging gold investors ?
He used to say, Gold will slip to around $AU500. an Oz.

What has he got to say for himself ?
I sold around 40 Sovereigns for an average of $500. each in 2018.

 

Wow Drumph already caved on the tariffs. How surprising.

 

All his actions are only leaching into the US bonds now with Chinas help selling them. It hurt the US and he's scrambling to save the bonds otherwise the US is sunk.

 

Bad for "totally reliant on China" Australia

 

Good time to be in gold with everything heading towards the tank.
Seems like nothing will bring it down for the count.

 

Seems like up and down days of $100+ aren't a big deal anymore.

 

That's not true eh, golds price had been driven up beyond other stuff, AND, inversely other stuff has been driven up beyond gold.
From "just sped things up" to "just sped things down".

The relative is what matters, if golds price is driven up faster than other prices, then it's real (purchasing power) profit, and profit gets grabbed.
As just proved, Trump announced a series of foreign trade taxes, first thing what happened: profit grabbing on the stock markets, also on the precious metal markets including gold. Something doesn't rime eh? If gold really was a "safe haven", then people that got out stocks should have bought gold and its price should have risen.
Instead, gold was sold as easily as stocks were sold.
And then, after Trump inserted a delay period to the introduction of those taxes, "sucker" rallies.
Also a story typical in history.
And repeat: this is not about gold, but about who trades it.
Governments are a quite big trader of it, using their proxies, bullion banks, as intermediary, and they buy it only when you buy, to drive the price up so that you get less ounces. And vice versa, they sell when you sell, so that you get less dollars.
That is what those figures prove.

 

It's like after the lockdown announcement in 2020, everybody ran to the shops to hampfster so that they wouldn't need to buy for a while, but here with gold they sold, so that they wouldn't need to sell for a while.

 

It's unstoppable. As of this moment gold is breaking yet another record as it shoots past $5200.

 

To the moon and not coming back $3342 USD! $5250AUD

 

Yeah nuts is a good way to describe it. Gold will dip every so often, just enough to make you think that at the very least it will consolidate let alone correct, but no, onwards higher and higher.