Yeah sorry but some bloke named Ray beat you to it. https://markets.businessinsider.com...buffett-hoards-128-billion-2020-1-1028835077#
I'm still buying silver and gold here and there, I just get a little less than before. Just got more today in fact. The 20s dont scare me for silver and neither does $1900 gold. One day we will look back and laugh.
I think US $3000 is a given, it is just a matter of when it will happen. If we get over the US $2000 price during this momentum then we are in uncharted territory and $3k could happen before the end of the year. As long as the Aussie dont go over 80 cent I will be quite satisfied with that.
I think gold's going to be money and a big revaluation go down... So putting a fiat USD figure on it is a bit hard.. But I'll say $100,000 an ounce, might as well.be hopeful.
I try not to delve into too many conspiracy theories but there is a reason China and Russia have been stock piling all that gold and nobody really knows how China holds. Measuring spot price to the USD might be pointless in the not to distant future My 2 cents worth is that short - medium term USD $2,500 to $3,000 is a good bet but i am just speculating. All that stimulus and money printing will come at cost Medium to Long term i am hopeful that it goes past the Moon and off to Mars that way i can stop been a COG in the hamster wheel
Edit: I misread your comment. Is that as per the US debt clock? That reflects year on year currency creation in the US only, vs year on year global mine supply. If global currencies were to be backed by gold, we would need a massive revaluation in the gold price. Most likely we'd require a monetary reset, debt jubilee and gold backed only fractionally relative to global currency supply. It's difficult for me to see it working in the world as we know it today. We definitely need sound money.
Metals have returned as money after every other collapse. Wont be any different this time since theres no other real options haha. That doesnt mean they wont try other doomed ideas but eventually it will happen, same as always.
Gold will rise to $3000 in the medium term but in the short term there had been quite a couple of analysts forecasting a technical pullback. There was one who said gold could go up to $2000-$2100 and pullback to $1700/$1800. One analyst says the pullback can go as low as $1500. No one could say when the pullback will happen exactly but everyone says there will be a pullback eventually.
Eventually for sure. I remember one expert saying wed be at $600 right now haha. I always thought that was a funny thing to say since its rising not falling and he was obviously delusional. Cant remember now but some talking head tool.
I would not take too much notice of these anal(ysts) and their pullback calls, they may well be talking through their rear ends. Its time for everyone of us to use our backbones and do what you is necessary for securing our financial future and not rely on the so called financial experts to tell us what to do.
I hope your right but i fear this time might be different. after this collapse the globe might be forced into some cashless digital BS where if you don't use it your not allowed to breathe air.
In the FREE gold thread I for some reason put 1927.27 as the all time high. That's wrong. It differs a little bit from chart to chart. But on the trading view chart I use its $1920.07 so call it $1920 if someone sees this and is also posting in that thread, can you please let people know it's 1920, not 1927 that I'm looking for. My oppsie.
And we are past US $1900 Finally!!! Glad I did not get drunk earlier, so I can savour this moment all the more.
