Need advice: Buy gold now or over time?

TreasureHunter said:
I didn't see the date, you are right. Gosh, so many old posts appear on top. At first I thought this was a new topic that I missed :D
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Gold was $1480 per oz when that post was created. :D

Anyway, people say the crisis is over. I don't think so. The core reason for the crisis still exists. And it's not the virus. It is geopolitics. There's going to be more drama.
 
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sgbuyer said:
Gold was $1480 per oz when that post was created. :D

Anyway, people say the crisis is over. I don't think so. The core reason for the crisis still exists. And it's not the virus. It is geopolitics. There's going to be more drama.
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I agree. The core of the problem is pretty much alive.

We are experiencing and "economic slump". Pretty much a pause due to the lockdowns. And a redistribution of revenue from some sectors to others.

And what we are going to experience now will look like an economic upheaval with tremendous GDP growth (just like previously when some quarters produced 30+% GDP growth). This is an illusion.

If you have sum of 100 and take away -50, then you are left with 50 only.
And, if next year you experience a "recovery" with +25 units growth, that will put you at 75 units. The illusion is that this is tremendous growth of +50%. But you're still under the initial 100.

This is the king of "growth" that will temporarily push the dollar up and gold down. I expect cheaper gold and more expensive dollar. Probably until the summer of 2021. Or even longer.
I think the gold correction might go down to the 1700's or all the way down to the 1400's.
 
More up side than down side for gold $2300 & silver $36 technically wants to test that zone . Fundamental is also bullish if see the supply side, you don’t think this unlimited printing doesn’t weaken the dollar over time? I see euro can go higher next, and higher currency doesn’t create gold/silver/copper
 
Historical data shows we dig deeper and use more energy to extract that same oz year over year, i believe not all miner would be a winner.
Biggest challenge mining company face is environmental& permits from the government. We have more restrictions coming, loss trust towards mining company to follow regulations because most of them violate ( major impact to the water/nature/people&animal’s)
Over 3500 tailings pond/dam was recorded in 2001 fast forward now we have over 18000 tailings (some been there for 50 plus years) this number it’s self shows slow down and more environmental impact to come .

anyone can easily look this up more Mexico Brazil disaster to come out of 18000 . This is not factoring the Under ground old abandoned mines .... we have work to do
 
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talk to mining company promoters they claim specialist ... he been replying to my comment on Twitter until I mentioned this = nothing no reply.

Bigger gdp more money tomorrow mental needs to get re looked at.
 
There has been a change in sentiment in the last 48 hours even before the surge yesterday. Ignore the dips, just HODL. Don’t worry, the gold can’t be banned so easily. And if they do, you can turn them into jewellery. :D
 
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Has anyone seen this? Is this reliable?

https://www.macrotrends.net/2485/gold-to-monetary-base-ratio

I've seen seeing similar charts but I don't remember seeing gold being portrayed so cheap today? Yes, the chart I saw was from an author that had been advocating bitcoin which says gold is neither overvalued nor undervalued. I'm sure some of you here might have seen that.

On the macrotrend gold price to monetary base ratio chart, it would appear that gold is cheaper today at $1800 as compared to 1970 when gold was $35, which is mind boggling. :D
 
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sgbuyer said:
Has anyone seen this? Is this reliable?

https://www.macrotrends.net/2485/gold-to-monetary-base-ratio

I've seen seeing similar charts but I don't remember seeing gold being portrayed so cheap today? Yes, the chart I saw was from an author that had been advocating bitcoin which says gold is neither overvalued nor undervalued. I'm sure some of you here might have seen that.

On the macrotrend gold price to monetary base ratio chart, it would appear that gold is cheaper today at $1800 as compared to 1970 when gold was $35, which is mind boggling. :D
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Mind boggling indeed.

Makes one think why they say "you will own nothing and be happy".
All the alternative mentality manipulation cross social media against what they call "materialism". As if life would be enough with love and happines, "say goodbye to possessions".

Mind boggling, because this could lead to a cataclysmic ultra-hyperinflation.
 
Also I like to look at income to gold affordability as well x6-7 minimum wage and probably x7-10 average salary. Sure makes it feel expensive, probably went up with money expansion = print more to weaken the currency feel like one way trip
But copper x8-9/silver x9-12/gold x40-50
 
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STKR said:
THE....GREAT.....RESET.
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I'm afraid the only keyboard they have is...

ctrlaltdel-0.png
 
Anyone following a "David Hunter". He has some interesting insight on gold and silver and the stock market.
 
Recently saw talk by "bitcoin pumpers" of 10 yr treasury yield rising causing gold price to "drop".

Here's a 40 year chart of gold price vs treasury yield. Anyone sees any relationship?

20130226goldvstreasury.png
 
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