Gold soars past $2,100 to new record — and analysts don't expect it to stop there

[sparky]

meanwhile........

MSN

~S~

 

[The Duke]

I think the gold is not there.

I don't think it's there either.

In a span of 4 years gold went from $300 to $1700. 2003 to 2007

An unprecedented spike.

That reminds me, I need to go see if I can sell some.

What's silver at? I think the price of silver is kept artificially low.

 

[the other mike]

I don't think it's there either.

That reminds me, I need to go see if I can sell some.

What's silver at? I think the price of silver is kept artificially low.

Interesting.
Maybe gold was held down for a few decades while the billionaires evolved.

 

[Stormy Daniels]

Historically, as the dollar weakens, the price of gold increases.
And when the value of the dollar strengthens, gold prices fall.

You know, the funny thing is that the same morons who whine about fiat money and who think that gold somehow is "real" money are actually the ones who are themselves fiating gold as money in their delusional fantasy worlds. Investing in gold nowadays makes no more sense than investing in rocks. Gold's only real value is ultimately as a commodity.

 

[Moonglow]

IOW, sell your gold before Trump gets back in office.

He's the one who helped fuck the bond market.

 

[Moonglow]

countries that hold the most gold - Google Search

 

[Orangecat]

He's the one who helped fuck the bond market.

How so?
This should be good.

 

[Moonglow]

How so?
This should be good.

He shut down the US in 2020.

 

[Orangecat]

He shut down the US in 2020.

Today's lesson:
Ask a simpleton a question, get a simpleton's response.

 

[westwall]

Small wonder seeing how the dollar has decreased in value by 16% since 2020.....I'm surprised gold languished this long.

It's being kept artificially low in my opinion

 

[1srelluc]

It's being kept artificially low in my opinion

Gold (and silver) has been manipulated forever by investment and central banks.....That's why I see precious metals as a sucker's bet.

Spoofing seems to be the vehicle they use, placing and then cancelling orders before they were executed creating artificial demand.