Gold Price

[et1955]

How high do you think it will go ? As of now $1974 plus.

 

Amazon Forum Fav 👍

Upgraded Night Vision Monocular Digital Infrared Monocular Telescope for 100% Darkness with 8X Zoom - Grab it through Amazon!

[Assembler]

Totally agree with you, also the platinum group of metals have way more uses than gold.

If it weren't for the electronics industry gold would be worth a lot less.

Modern chip technology use much less gold.

Most people will have a hard time finding much Palladium or Rhodium.

 

Amazon Forum Fav 👍

How to Research for Treasure Hunting and Metal Detecting From Lead Generation to Vetting - Grab it through Amazon!

[Tesorodeoro]

No need to sell raw gold as it's one of the easier metals to refine to four nines.

Sterling silver another easy metal to purify, the alloyed silver metals are a bit more complicated especially when alloyed with a platinum metal

People sell native (raw) gold to earn $. It is either sold to a refiner or to a collector/investor/reseller.

 

[Tesorodeoro]

Most people will have a hard time finding much Palladium or Rhodium.

Ya, I think the discussion has turned to investments rather than prospecting or mining.

 

[Assembler]

Ya, I think the discussion has turned to investments rather than prospecting or mining.

Yea, I was pointing this out as well. Gold price was the topic post.

 

[Tesorodeoro]

Totally agree with you, also the platinum group of metals have way more uses than gold.

If it weren't for the electronics industry gold would be worth a lot less.

Modern chip technology use much less gold.

Don’t think the electronics industry is going away anytime soon. That’s like saying if it weren’t for jewelry, gold would be worth a lot less?? I’m confused.

 

[Assembler]

Don’t think the electronics industry is going away anytime soon. That’s like saying if it weren’t for jewelry, gold would be worth a lot less?? I’m confused.

If anything the electronics field is growing overall.

I'm guessing since some of the world bankers deal in only gold, silver etc. there will be a base price that gold etc. can drop down to in a world wide crash / reset or what ever you want to call it. The jewelry demand is not that high world wide. The investment market is a different matter.

 

[Tesorodeoro]

If anything the electronics field is growing overall.

I'm guessing since some of the world bankers deal in only gold, silver etc. there will be a base price that gold etc. can drop down to in a world wide crash / reset or what ever you want to call it. The jewelry demand is not that high world wide. The investment market is a different matter.

I’m just glad the price is higher now and that the price of gold generally follows the price of fuel. It has been falling steadily last few days.

 

[Assembler]

I’m just glad the price is higher now and that the price of gold generally follows the price of fuel. It has been falling steadily last few days.

The price may not follow just fuel alone however these days fuel price is a good indicator in general.

 

[Assembler]

If Russia will effect the long term fuel prices I can see gold moving a lot more in cost.

 

[Assembler]

Will the FDR day's be back again?

Remember FDR did not have the authority on his own however still posted posters in just about every post office about owning / holding more then one ounce.

 

[Assembler]

There are laws on the books still about trading, selling, exchanging as long as no alloying of the gold dust takes place. Don't think this is going away very soon.

 

[Assembler]

There are laws on the books still about trading, selling, exchanging as long as no alloying of the gold dust takes place. Don't think this is going away very soon.

Some of this will over lap into "Counterfeiting" very stiff penalty's in general.

How is the "State" going to enforce if much of this is still on the books from State hood day's?
It would be hard to still be a "State" if there is a violations going on with this still on the books.

Yet there could be posters to this effect showing back up in the Post Offices however there will not be the force of law to back it up.

 

[Assembler]

Yep some of the rules goes back to 1846 in Oregon County / Territory days. I really don't think this is going away very soon.

Now watch there will be a new digital currency tomorrow at high noon..............LOL.

I still think there will be some trading going on as it will be way to hard to stop it world wide.

 

[Assembler]

History tells us that commodities like gold and silver will never hold a negative or even a 0 value unlike paper. This can be useful for trading etc.

 

[Assembler]

The last time I looked the U.S. bailouts goes around three generations out and still growing. Does this mean there will be a paper crash? Your guess is as good as anyone's on this.

 

[Assembler]

The following could have more of an impact on the rise of gold now then you know:
Rep. Tlaib Says There Is No Inflation, Blames Corporation ‘Extortion’ For Rising Prices
https://dailycaller.com/2022/03/09/tlaib-no-inflation-blames-extortion/

Inflation Surges Far Above Projections​

https://dailycaller.com/2022/02/10/bureau-labor-statistics-consumer-price-index-inflation/

bringing the key inflation indicator’s year-over-year increase to 7.5%, the U.S. Bureau of Labor Statistics (BLS)

 

[Assembler]

How high do you think it will go ? As of now $1974 plus.

It could go much higher however it can drop back down as well. Depends on all what is driving it to move.

 

[Assembler]

One thing for sure as history tends to repeat itself. If it drives way up there will be more who will go after it to help offset inflation / reset / crash / value replacement.

 

[Assembler]

Not a bad idea to line up some place where you can dig up some just incase things get real tight.

 

[Assembler]

Well now looks like I made a double post. It does happen.