Gold Just Hit AU$2,000

mmm....shiney! said:
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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Pretty close Shiney but I'm seeing Dec 2020.

Especially like the point on AUD devaluation. Definitely on the powerpoints at the RBA meetings I'd expect.
 
2020? That's quick. 50% rise in 18 months? I hope you're right as that brings aspects of my retirement plans into fruition earlier than I'd expected.

@alor , cardboard lambo! :D
 
That's another USD20.00 rise this morning for gold due to Asia and a slowly deflating AUD.
 
JulieW said:
Especially like the point on AUD devaluation. Definitely on the powerpoints at the RBA meetings I'd expect.
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Dropping below support. May test the low 60's (from 2009/2009), then I guess it's mid-50's (from back in 1998). Looks to be fair bit of support in the low 50's just from looking at the historical chart before we get down to 0.48c again.

Screen Shot 2019-08-05 at 1.12.06 pm.png
 
mmm....shiney! said:
Dropping below support. May test the low 60's (from 2009/2009), then I guess it's mid-50's (from back in 1998). Looks to be fair bit of support in the low 50's just from looking at the historical chart before we get down to 0.48c again.

View attachment 25568
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Funny thing about history and those support lines isn't it.

I've been expecting to see low 50s ever since the AUD hit 1.07 against the USD. I wanted to go all in on the USD-AUD but the fear factor kept me from doing so. The balance was be a bit better off, versus a lot worse off and that gamble I'll not take. Still the USD gold price was helpful! lol
 
$2,200.00 Gold today :D

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The Book of Psalms Chapter 46 verse 10

Be still and know that I am God,I will be exalted above the nations,I will be exalted in the earth :)
 
Gold $2,200.00 today :D

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The Book of Psalms Chapter 55 verse 22

Cast your burden upon the Lord,and He shall sustain you,He shall never permit the righteous to be moved :)
 
mrsilverservice said:
Gold $2,200.00 today :D

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The Book of Psalms Chapter 55 verse 22

Cast your burden upon the Lord,and He shall sustain you,He shall never permit the righteous to be moved :)
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Someone owes me an ounce of Gold :D right again :)

Gold $2207.89 :p

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The Book of Psalms Chapter 57 verse 11

Be exalted O God above all the heavens,let your glory be over all the earth :)
 
Market Closed.

What another great week for the yellow metal soaring as high as $2,240.00 :D finishing the week at $2204.00 :)

AUD - $0.68

Golds short term future looks very good to me with the trade war between the US and China ramping up even more with POTUS putting another $300B of tariffs on Chinese imports,plus there is a plethora of global issues lining up to help push the metal higher :D

The world today seems to be unravelling everywhere you look :confused:

Would I buy more gold,yes I would :p

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The Book of Ephesians Chapter 5 verse 11

And have no fellowship with the unfruitful works of darkness,but rather expose them :)
 
Protect Your Money Before It's Too Late - Rob Kirby on Reluctant Preppers.
One of the sharpest knives in the drawer.

 
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