Johnny Twoguns
Inactive
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ECON Gold Up over $30.00 Silver over $30.00 /reopened per Dennis
- Thread starter AuEagle
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Johnny Twoguns
Inactive
Static and intrinsic. I guess that perception is world wide? Or is it personal?
I'll be all those Vietnamese that were able to flee Vietnam after the fall of Saigon back in the 70's put a far far far greater "Value" on gold than you can comphrend, at least at the moment.
Most of those boat people who fled Vietnam got out because they were able to bribe officials and guards with their gold.
It was widely reported in the USA and Canadian press quite often for a decade or so until the mass flotillas of refugees were stopped. Took years and years before they stopped.
Considering that gold was "valued" at $35 back then; that's some real "value" for you.
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Southside
Has No Life - Lives on TB
So I did the research. The new battery, MUCH smaller, uses 1 Kilogram of Silver.
Went online & looked up how much silver there is in a Tesla Model S battery. Current models, 1 Kilo. I was surprised.
I will say, with smaller, faster charging batteries, they will become more popular.
Southside
Has No Life - Lives on TB
As I remember, the price was 2oz/person to get out.
Johnny Twoguns
Inactive
My memory isn't that good. I do remember that many thousands and thousands got out because they had gold. I guess N Vietnam, Chinese, and US currency wasn't nearly as popular with the guards and officials as gold. Gold is still very popular in the Far East.
Sweetwood
Senior Member
Go baby GO!!!
CaryC
Has No Life - Lives on TB
Gold Hits New Record High As ING Says Rally Is "Just Getting Started" | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Futures price, not spot.
Hfcomms
EN66iq
True nuff, but all we really need to know is the dollar is going into the $hitter and gold will hold and actually increase it’s purchasing power as the dollar does so. No better place to be!
I’ve never seen gold this high.
Nobody has.
DazedandConfused
Veteran Member
I bought 10 20 gold francs (roosters) back last Nov for 360.00 each. Online dealers getting right at 500.00 .. I'm happy
Hfcomms
EN66iq
Gold is telegraphing something but few are listening. For the first time the U.S. interest expense eclipses a trillion dollars a year, (a trillion seconds ago the pyramids in Egypt hadn’t been built yet) the Xiden administration is about to let Ukraine use long range missiles into Russia trying to start WWIII and we are at the top of the greatest bubble of all bubbles. Something wicked this way comes and gold is sniffing it out.
Gold is the AWACS of the financial system and it’s radar has picked up incoming.
Gold is the AWACS of the financial system and it’s radar has picked up incoming.
DazedandConfused
Veteran Member
Futures gold just hit 2600.00
CaryC
Has No Life - Lives on TB
The
is starting.Visualizing The Price Of Gold By US President Since 1989 | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Snippet:
Whether Donald Trump is reelected or Kamala Harris becomes the first female president of the U.S., Citigroup analysts forecast gold prices exceeding $3,000 by the end of 2024.
Hfcomms
EN66iq
And as most of us know the price of gold is inverse to the dollar. What this is telegraphing besides the geopolitical situation is that the dollar is in trouble and as the BTO song says ‘you ain’t seen nothing yet’ as to inflation. So if you have the money and need something now go and get it while you still can and its still available.
CaryC
Has No Life - Lives on TB
snippet:
At a Glance
- Donald Trump pledged to impose a 100% tariff on goods from countries that move away from using the U.S. dollar.
- This statement was made at a rally in Wisconsin, a key battleground state.
- Trump and his economic advisers have discussed penalizing countries that trade in currencies other than the dollar.
- Options considered include export controls, currency manipulation charges, and tariffs.
- Trump claims the dollar has been “under major siege” for eight years.
Trump Threatens 100% Tariff on Countries That Ditch the U.S. Dollar
Donald Trump has waned any government looking to move away from using the U.S. dollar that they will face significant financial disadvantages, including a 100% tariff on importing goods to the U.S.…
thepopulisttimes.com
For better or worse?
Southside
Has No Life - Lives on TB
In 1999 Roosters, sovereigns, etc, all about $76. Aah, those were the days.
WE know. Joe Sixpack however, does not.
West
Senior
And quickly cause tic toc the dollar falls down.
ShadowMan
Designated Grumpy Old Fart
FWIW, we inherited our financial advisor from DW's parents after they passed and we took over the family trust. He and his team are VERY conservative and in for the long haul. Very trustworthy and on top of things in the financial world. During our last discussions he made an interesting comment regarding precious metals. The jest of the conversation was that he, according to his research and experience expected gold, in particular, to hit $6,000/ounce in ten years time. Which, as we've already discussed here in this thread and others shows you how much the US dollar will have devalued due to inflation and other things.
He has not advised buying a bunch of precious metals....BUT, said it wouldn't hurt to have at least a month or so worth of income in precious metals: Gold and Silver as a hedge. At least three to six months of income in cash saved and on hand, not in an account or bank or safe deposit box, but somewhere that you had safe and immediate access to.
One of the issues he pointed out regarding PM's is that the general population's unfamiliarity with them. It will take time should the economy switch back to REAL MONEY for people to learn and become comfortable with their everyday use again. And you can bet there will be forgers going nutz putting out bogus coin. So in general I've stuck with American Silver and American "junk silver" that's easily recognizable to most folks. Don't have a lot, but working on it slowly but surely. FWIW - YMMV.
He has not advised buying a bunch of precious metals....BUT, said it wouldn't hurt to have at least a month or so worth of income in precious metals: Gold and Silver as a hedge. At least three to six months of income in cash saved and on hand, not in an account or bank or safe deposit box, but somewhere that you had safe and immediate access to.
One of the issues he pointed out regarding PM's is that the general population's unfamiliarity with them. It will take time should the economy switch back to REAL MONEY for people to learn and become comfortable with their everyday use again. And you can bet there will be forgers going nutz putting out bogus coin. So in general I've stuck with American Silver and American "junk silver" that's easily recognizable to most folks. Don't have a lot, but working on it slowly but surely. FWIW - YMMV.
Mark D
Now running for Emperor.
I'm all for Tariffs, but good grief, that proposal is stupid. EVERYBODY is moving away from the FRN; we either adapt to that reality, or we die.At a Glance
- Donald Trump pledged to impose a 100% tariff on goods from countries that move away from using the U.S. dollar.
- This statement was made at a rally in Wisconsin, a key battleground state.
- Trump and his economic advisers have discussed penalizing countries that trade in currencies other than the dollar.
- Options considered include export controls, currency manipulation charges, and tariffs.
- Trump claims the dollar has been “under major siege” for eight years.
Trump Threatens 100% Tariff on Countries That Ditch the U.S. Dollar
Donald Trump has waned any government looking to move away from using the U.S. dollar that they will face significant financial disadvantages, including a 100% tariff on importing goods to the U.S.…
For better or worse?
Hfcomms
EN66iq
are about to find out.
CaryC
Has No Life - Lives on TB
I know this thread is about gold, but I think there are financial "things" out there that effects the price of gold.
And the position of the dollar IMHO is one of them.
Trump wants to bring the dollar back as a world currency. Don't know if he can do that.
What if India wants to buy in Rupees, and Trump refuses. That's a big market to put tarriffs on or lose, and they reciprocate. don't know if India would do that, just some thoughts. Or wondering.
Mark D
Now running for Emperor.
Too late. That bird has already flown.
The rest of the world won't run back to the abuse inflicted by the Petrodollar... Had the U.S. wisely stewarded our post-war position, the USD could have reigned for centuries; but alas, we were too drunk with power and greed.
Our time on center stage has already passed. We are a nation in decline, and not even T$ can change that.
Southside
Has No Life - Lives on TB
That, is a fact. The party is over for the dollar. It doesn't have to be over for the USA, but it will take great leadership to navigate the waters going forward.
psychgirl
TB Fanatic
Well, so there, you, go.The
Visualizing The Price Of Gold By US President Since 1989 | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Snippet:
Whether Donald Trump is reelected or Kamala Harris becomes the first female president of the U.S., Citigroup analysts forecast gold prices exceeding $3,000 by the end of 2024.
Johnny Twoguns
Inactive
One can only hope Bix Weir is correct about the Grand Canyon 
Johnny Twoguns
Inactive
Rafi Farber. Short and sweet. YT about 8 minutes.
"I think it could happen this year. Make sure you have your gold and silver".
I have seen a number of alt pm analysts warning that things are starting to collapse more quickly now; if the snowball really gets rolling there could be an avalanche. Nothing that much different than what he has been saying except that he thinks it is speeding up to the point where it could happen at any time. You know, the collapse of the US dollar.
Except he sees silver and gold becoming MONEY again, over night. And the ratio dropping to 15 to 1. Unlike some, I think when the panic hits gold could go to 4K, or 5K, then to 10K and higher. When it becomes money again. It will not take 10 years either.
View: https://www.youtube.com/watch?v=6bXwV4mvTJA
"I think it could happen this year. Make sure you have your gold and silver".
I have seen a number of alt pm analysts warning that things are starting to collapse more quickly now; if the snowball really gets rolling there could be an avalanche. Nothing that much different than what he has been saying except that he thinks it is speeding up to the point where it could happen at any time. You know, the collapse of the US dollar.
Except he sees silver and gold becoming MONEY again, over night. And the ratio dropping to 15 to 1. Unlike some, I think when the panic hits gold could go to 4K, or 5K, then to 10K and higher. When it becomes money again. It will not take 10 years either.
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From Rafi in last 24 hours, runtime 13 min…
View: https://m.youtube.com/watch?v=fkDDN0rNU9k
Panic Early, Beat the Rush!
- Shane
Panic Early, Beat the Rush!
- Shane