Golden Highs 2020

tater said:
I need a pull back so I can add to the stack.
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What you need and what you get can sometimes be two totally different things.

You Yankees have had low prices for so long compared to the rest of us, you should have made the most of your opportunities.

If I were you I would throw caution to the wind and keep stacking as if my life depended on it.

The price is well over $2700 here in Oz and I am still buying even at these prices, as a matter of fact I am busy
right now putting in absentee bids on a numismatic auction starting in a few hours time.

In a few years time ( or maybe even in a few months time ) the current prices will seem cheap.
 
Well that's part of the problem you become accustomed to the lower prices. Right now finding physical has been difficult at best.
 
Ag bullet said:
$17000 / $35= 485.7oz's

485.7oz's x $2750= $1335675.

that's somewhere in the ball park of being a great store of value over time!
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so what’s the today’s price of that $17k 3BR house on a 1/4 acre in Melbourne?
 
It was in the 1970's today. And I think it will hit 2000 $ in July already. Only 3 days left, but it can make the jump.

The big question is: will it bounce after hitting the "great level of 2000 $"?
 
TreasureHunter said:
It was in the 1970's today. And I think it will hit 2000 $ in July already. Only 3 days left, but it can make the jump.

The big question is: will it bounce after hitting the "great level of 2000 $"?
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I first started reading this, and was thinking: "what? 1970's? That was like 50 years ago!".
 
STKR said:
I first started reading this, and was thinking: "what? 1970's? That was like 50 years ago!".
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Yeah, I was actually referring to the late 1979-1980 "price jump". Went up from 200-300 $ to around 850 $. Like a space shuttle.
Then it dropped like a rock and stayed down for like... 20+ years?

:(

This is why I'm (still, even now) feeling that gold is on a sharp knife's tip... "dancing"... it could fall. It will after a while.
But perhaps we still have a long way up. And they're preparing a new gold standard for us.
 
JulieW said:
Well the specific house sold 4 years or so ago for 2.2mill
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Then deduct maintenance costs, building + renovation costs, rates, tax and duties, interest paid, capital gains on sale etc.

Then add income generated (if rented), or the difference between maintenance and other costs compared to renting.

Gold is usually so simple to evaluate its store of value over time. Property usually isn't as clear-cut.
 
I'm not sure why the leprauchan sounds like the asian character in the Hangover film.
 
We are getting close to that US$2000 milestone again, its at about $1995 on kitco at the moment.

And I am waiting to pop the bottle and celebrate.

Anyone else watching, or are you all sleeping like babies?
 
Yes they are both on a tear!

The futures has gone past $2k but the spot keeps being a bit stubborn.

Hope it doesn't keep me up all night.
 
Yes that's the way Andrew, I am surprised that not more are watching the charts going up.
It sure is more pleasant than watching the charts going down, as has happened
with all the smack downs that we have had since the previous highs in both gold and silver.
 
It started after midnight so may have caught many unaware.
Yes, a positive for us stackers is a nice change.
At it still keeps creeping up , 1997US
 
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