Even if we’re nowhere near that scenario, I’ve got a question: If gold actually regained its status and paper money became irrelevant, would the math change—specifically regarding how much gold a country holds per capita, or relative to GDP, or some other metric? That’s really all I'm asking. I'm trying to wrap my head around the scale here—is 11,000 tons for the EU significantly more than the 8,000 tons held by the US? Or, say, would 9,000 tons in the EU be considered "larger" than 11,000 tons in the US under those specific conditions? And one last thing: is that 1,000-ton stash in Switzerland a massive deal compared to the 11,000 tons held by the rest of Europe, given all those large and mid-sized nations?
Michael Morgan5 said:About a year or so back, our buddy Miomir put out a forecast predicting we'd hit 7k by the end of 2020. Honestly, I thought he was dreaming (no offense, Miomir 😉 ). Well, we're getting there, though we're sitting just a tiny bit short of that mark right now.
People were out here shouting about hitting 3,000 or 5,000 by late 2015 or 2016, yet the index never even touched 2,000. Seven thousand is a massive stretch. Honestly, expecting it to even break through 2,000 is a tall order—let’s be ambitious and say 2,500. Predictions are one thing, but you have to account for the actual market and how the US, China, and Russia pull the strings of the global economy.
That recent climb from $1200 to $1400 over the last few years hasn't really tracked parallelly—which probably just means there’s plenty of supply out there to keep up with demand.
Depends on how you define "fast." By the end of this calendar year? Or by the end of next year? And what’s the deal with 1700? Are we talking a quick dip to 1600, or is 1700 holding steady? The gold market isn't exactly volatile—it just moves at its own pace. The upward trend is slow but meaningful, usually driven by the same old cycle of crises followed by interest rate shifts from the Fed. When things go up, it's a crawl; when they drop, they fall off a cliff.
Bitcoin isn't digital gold—and this isn't the seventies. If we don't hit some massive global catastrophe in the next five years, gold could realistically double from where it sits today for one good reason or another. It might even triple, though honestly, that feels a bit overblown to me. There’s a big difference between wishing for something and looking at reality. I'm holding silver, and let's be real: the only thing driving silver up is gold's momentum. As much as I'd love to see gold skyrocket, I know it won't happen overnight—because for gold to moon like that, something truly terrible would have to go down, and I'm not sure any of us actually want that scenario.
John Rodriguez5 said:What do you mean by "too much of a massive investment all at once"? Yeah, losing 5-18% immediately is brutal, but nobody in their right mind buys 1g pieces. To me, anything under an ounce is a waste. A bar like that costs $2833 and the spread is 3%, which is totally fine. Plus, you buy gold for the long haul. If you hold for 10 years, expecting a 100% gain is realistic, so that little spread becomes basically nothing.
Can one of the veterans here call this what it is—trolling? Some people might actually take this seriously.
Find someone who’s shipping a container from China on a weekly or monthly schedule and just pay them. There are plenty of people out there who have zero choice but to go the full container route—leaving half the space empty. For a decent price—or even just a symbolic one—they’d probably let you jump in. Maybe. I’d love to have my own container, honestly.
It’s easy to claim we’re at the start of a bull run when things are sitting at 1050. Unless, of course, this is all just more manipulation before it craters back down to 800. In a perfect world—if such a thing exists—we could have been hovering around 1800 indefinitely... but let's be real. The reality is we're at 1300 right now and nobody has a clue where the floor is.
Theoretically... purely in theory... this could actually be the start of a bull market, right?
Nah, that’s not how it works. They'll just hunt you down with some tracking number from an email or an invoice to figure out the duties. Once they finish their side of things, the package is yours. You might have to cough up proof of payment first, but Customs doesn't care what the USPS says. To you, it'll feel like the shipment bypassed customs entirely—it's just a pit stop. It takes a bit longer here in the States, but that's the deal for now.
I honestly don't get what kind of jerk you have to be to start handing out fines over stuff like this. Everyone got their stimulus checks from the Department of the Treasury—that’s what matters, and we should just move on. It feels like they'd rather shut down every small business in town and pile on the penalties than actually help. How does this even happen? Reading these bakery threads... man, it's a miracle he didn't end up ground into flour and sold as bread.
Start with 50 to 60 minutes. Maybe you can shave it down to 35 eventually. The big question mark is how much of this route is actually uphill—since more climbing means more time lost. So, any estimate right now is pretty rough—and honestly, probably way off.
Same here, Max 1.2 miles though I don't think the cold will actually get to me if I dress right—just about the time my fingers start to go numb, I'll have those ridiculous insulated boots on, and then it’s total chaos.
There’s really no reason to lug your clothes around every single day—you can just drop them off at the office a few days ahead of time and call it a day.