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

The tea leaves have spoken, the price of gold (currently $3825/oz $AUD) is:

  • In bubble territory - a correction is imminent, but buying the dip is a good idea.

    Votes: 1 6.3%

  • Overvalued - its time to start selling and continue doing so. Bear market on the horizon.

    Votes: 0 0.0%

  • Plateauing - minimal movement expected from here on.

    Votes: 3 18.8%

  • Undervalued - This is a great buying opportunity.

    Votes: 5 31.3%

  • I dont drink tea.

    Votes: 7 43.8%
  • Total voters
    16
  • Poll closed .
JohnnyBravo300 said:
Its funny to hear about Warren Buffet getting into gold now.
I know he likes silver but he's never cared for gold at all.
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"An unproductive asset" words he's used afew times at least...Lacking intrinsic value ;) Havent been up to date on stuff lately but have respect and appreciate the way he looks at companies and chooses them and obviously he's strategies have been very successful. Knew he bought silver years back and got out far as i know but if the Oracle of Omaha is getting in...good more mainstream coverage and people following the trend good for us all :)
 
Is gold making 3k support instead of resistance?

Ive heard some banks calling for $3100 by the end of 2025.
Seems doable within a few weeks or less.
 
Celente predicts gold will be revalued much higher.
Its probably the easiest way for a controlled hyperinflation.
 
betterinvestmentthanshare said:
https://www.mining.com/web/gold-revaluation-the-hidden-motive-behind-central-banks-gold-buying/
This article published in 2023 may help understanding gold revaluation
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That's an interesting article, but...

Hogan goes as far as to say that the US central bank is bankrupt, owing the Treasury more than $48 billion, which exceeds the bank’s total capital.
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The Fed can never go bankrupt. It doesn't need to revalue its gold holdings on the balance sheet in order to remain solvent. It doesn't need to sell its gold holdings in order to remain solvent. Anything The Fed does is just a policy decision.

betterinvestmentthanshare said:
So they can print more fiat.
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Treasury doesn't need The Fed to revalue its gold holdings in order to spend more. They're going to do it regardless. Anything the Treasury does is just a policy decision.

So in what way is revaluing gold hyperinflationary? Well it's not.
 
Here is a an image of a magic points computer, and just like government's magic money computer it can never run out of points.

Screenshot 2025-03-20 at 10.28.16 am.png
 
mmm....shiney! said:
That's an interesting article, but...



The Fed can never go bankrupt. It doesn't need to revalue its gold holdings on the balance sheet in order to remain solvent. It doesn't need to sell its gold holdings in order to remain solvent. Anything The Fed does is just a policy decision.



Treasury doesn't need The Fed to revalue its gold holdings in order to spend more. They're going to do it regardless. Anything the Treasury does is just a policy decision.

So in what way is revaluing gold hyperinflationary? Well it's not.
Click to expand...


It's not actually inflationary, as in it doesn't expand the money supply.

Maybe some other goods will need to revalue or "rightprice"....Maybe not.

You dont think?

Or possibly gold will snap like a rubber band and buy much much more than right now with other prices staying the same.
 
Its awesome to be in a real investment where prices don't go up and down based on Fed words and endless scams, pumped and dumped in fiat bubbles.

I like the shiney!
 
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