Watching the price of gold go UP ! meaning ?????

[johnnysau]

Watching the price of gold go up. Whats it mean to you?
Deep state having trouble controlling the price and real supply/demand coming into play ?? Who knows ----- They say there are 60 ozs. for every 100 ozs
out there, i think i heard some where, be nice to confirm something like that. johnnysau

 

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[mytimetoshine]

Silver lagging behind as usual..

 

[ratled]

China trade deal? Venezuela? shut down/open and looming shut down? you pick em. Mort rates are down too after a rise

 

[Johnnybravo300]

Next thing ya know the zombies will be here! Oh wait.....

26 grams per person, better get it while it lasts!

 

[russau]

When we were on the gold standard the rise in gold's value meant the economy was going into the toilet and vice versa ! Now the gubermint has their hands on the button and they get rich while the people fight for a existence ! Remember this come voting day!

 

[Jim in Idaho]

It's all about the Federal Reserve. They've created several trillion of new money in the last 10 years. At some point, gold will be revalued in those new dollars. Money that is created, and not earned, is inflation, which causes the value of the money to decline. But, it takes awhile for the value of assets, like gold, to be revalued. They tried, and are still trying, to keep the price of gold down, but at some point their efforts will fail. Could this increase be permanent? Who knows. The price could keep steadily rising, or they could dump a bunch of paper gold on the market in an attempt to keep the price down. Keep in mind that eventually, those damping attempts will stop working. When that finally happens gold will go up big. In the past, they've allowed gold to get up to the mid-13's before pushing it back down.
Jim

 

[Goldwasher]

In the last five years. Gold has been over $1300 an oz. About ten months combined.

If it goes more than a two quarters straight and/or the price keeps going up for a solid quarter at a staedy pace. I'll start to be really interested.

 

[Johnnybravo300]

Beginning of the end now. No way will they be able to normalize rates without the markets tanking and they know they are running out of ammo. They will have to reverse to keep the bubble pumped. Next option, print money. Stock market numbers are the goal here and that's all that matters.

 

[Red James Cash]

Im amazed rto think that people still think voting does any good.meet the new boss,same as the old boss.

 

[SchoolOfHardRocks]

Too much volatility at the moment. Trade wars, shutdowns, tweets... leads to instability.. which leads investors to go back to good ol' faithful, which is gold! Some people thought the president was going to bring back gold mining... well, at least he's helped drive gold prices up!

 

[smokeythecat]

Fear and greed, the two great motivators.

 

[mytimetoshine]

And we're back..... ugh!