Gold Just Hit AU$2,000

Market Closed

Gold - $2051.11 :p

Aud - $0.69

I feel that Gold is going to continue to push upwards with no reason insight to tell me otherwise :)

Buy Gold :D












The Book of Psalms Chapter 17 verse 8

Keep me as the apple of Your eye,hide me under the shadow of Your wings :)
 
If you think gold isn't going to go any higher, I think you'll be in for a shock.
We haven't even had a stock market panic yet, if that happens US$1800/oz is going to look cheap.

upload_2019-7-31_9-54-2.png

BTW, I'm glad I switched all my unallocated metal from silver to gold a few months back, it's doing much better.

upload_2019-7-31_9-55-37.png
 
Peter said:
During the GFC Gold fell intially.
Click to expand...

I sold my paper gold in 2008/2009 because gold fell 10%. The volatility during that period is crazy and further complicated by the fact that when gold drops, the dollar strengthens. The GFC is somewhat a misnomer because it is mostly a US and UK financial crisis caused by mbs. This time round the property bubble is in Chinese property markets, which includes HK, Singapore, Vancouver, Melbourne. It is possible that the dollar will appreciate even in crisis so gold will probably not behave the same as during the GFC.
 
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Praise The Lord and pass the ammunition :D















The Book of Psalms Chapter 37 verse 4

Delight yourself also in the Lord,and He shall give you the desires of your heart :)
 
A good proportion of the move up was actually a drop in the Australian dollar. Gold should slowly grind higher now as markets react to a combination of low interest rates and the fear that risks are to the downside in the stock market.
 
Market Closed.

Gold has finish well above it "old record" of $2080.00 set only a few weeks ago :)

Gold - $2117.66 :p

AUD - $0.68

Where to from here - $2,200.00 of course,when,soon :D














The Book of Acts Chapter 3 verse 6

Then Peter said,silver and gold I do not have,but what I do have I give to you.In the name of Jesus Christ of Nazareth,rise and walk :)
 
OK so gold is climbing higher, lower and then higher again which makes for more interesting / exciting times as much as you curb your emotions. What is the general consensus regarding the pricing (continue on current projection for a time then bottom falls out or maybe a sharp spike like 2011-2012). I know no one really knows and don't want this to become a "chart war" or "my analysis is bigger then yours" type thing, simply looking at what the general feeling is at the moment, cheers.
 
Hoping it will test the previous USD highs, that’s the metric I use to set my goals. Can’t see why not, the world economy Will not magically improve nor can central planning solve the crisis, there’s still Brexit to eventually come and skyrocket’s aliens.

I would prefer it gets there steadily, at a 10% rise per year it’s still 24 - 36 months off. Then there is always the chance of an AUD devaluation but I can’t see any reasons for that that aren’t haven’t already been on the horizon.

So, how does AUD3210.20 sound by May 2025? :D

Edit to add: personally I’d prefer it happens by 2023
 
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