The first sign of inflation is technically the expansion of the currency supply and credit. Everything else is an effect of inflation ie rising cost of goods and services, rising asset prices, gold price. The physical is getting harder and harder to come by. They can't keep these prices down forever but I am glad they are. If they were operating on a sound money system with the amount of paper currency out there gold would and should be valued higher. I agree when gold rallies and breaks out and we reach new highs it will be making me wish I bought more haha.
I read last year that Pelosi made a million dollar call position on Tesla in Dec. I guess that didn't turn out too well. She should have bought Dogecoin instead. This ESG is just a big pump and dump by politicians. In the end, demand and supply and fundamentals prevails over manipulation. Same theory can apply to gold versus cryptos.
https://www.cnbc.com/2021/08/17/pal...-gold-bars-in-august-as-cash-accumulates.html Anyone saw this? I'm a bit surprised. Not bitcoin.
Gold perhaps needs to bust through USD 1800 Silver up around USD 28.60 Now, just where will that GSR be this time next year? ATM at Perth a 1oz silver Kangaroo is $38.46 AUD 1oz gold Kangaroo is $2592.53 AUD The GSR is 67.4 or 67.4 ounces of silver will buy you (about) one ounce of gold in Australian dollars from the Perth Mint.
Premium on 1oz bar at Goldstackers is about $66.00 right now which is about 2.6% I think, doesn't sound like physical is too hard to come by at the moment.
Anyone with money is looking to get out of cash as fast as they can now. Interest rates are lower than the inflation rate and negative interest rates on savings are on the horizon.
the Afghan did not have the chance to built their dinar/dirham coins, USD 9B got frozen by USA for being a terrorist lol
^ The guys at Nanalyse are somewhat bemused by Palantir. A company which is known for its expertise in being able to predict black swan events yet hedge against risk by buying gold, being on record as going to accept BTC as payment in the future while at the same time exposed to the tune of some $340 million in SPACS? Needless to say, Palantir is not on their list of stocks to own. https://www.nanalyze.com/2021/08/stocks-bitcoin-balance-sheets/
Not sure much can be taken from this, although interesting that these CB's (left) thought that buying at current levels (USD1750-1800) was fine on a long time basis.
ore prices will go down(China influence) so AUD down-gold up buy, at this prices instead keeping cash in Banks....
do oil, iron ore! LOL we saw $0 for a barrel of oil, now 60+ there is correction to be had for iron ore, may be 60% drop back to the price few years ago, never know...refer to oil gold is cheap, it is distressing to see, but that is the whole point if you are the forever buyer, not having it enough yet
Latest Kitco YouTube news - senior analyst Jim Wyckoff says. Gold bottom is about 1750 USD Resistance at 1815 USD Probably sideways and higher towards the end of the year. Note the spike in the oil price, gold following and silver should follow gold.