Gold: Past, Present, and Future

Andrew Barrett4 said:It’s all gone. It’s like they thought they were pulling golden meteors out of the sky or something. 😂 😢

I’m with Sinclair on this one. This takedown—which might still be playing out—serves a purpose. We could see a massive rally once enough panicked investors have been shaken out. It's happened before. Personally, my long-term outlook hasn't shifted an inch.

I used the Pearl Harbor event as an opportunity to load up more MUX at $2.65... honestly, I wish there had been a bit more panic—prices could have been even better.

If we see another dip, I fully intend to buy more. 😁

It looks like things aren't going quite as smoothly for the Americans as they claim. 🤣
The European Union is stuck in a recession and seeing negative numbers for Q4—even Germany is in the red. 😉
http://www.financialsense.com/node/1...medium=twitter

Max Keiser ‏@maxkeiser

Both Gold and Silver are in backwardation after today's paper attack. Back up the truck!!!

I really hope this trend holds steady through the end of the year. It’ll make everything much smoother to manage once we finally integrate with the European Union. ☕

Robert Vaughn10 said:I’m with Sinclair on this one. This takedown—which might still be playing out—serves a purpose. We could see a massive rally once enough panicked investors have been shaken out. It's happened before. Personally, my long-term outlook hasn't shifted an inch.

But how could the outlook change when it's already been cornered by ammunition and a mountain of accumulated debt?

The last time I picked up a decent amount was quite a while ago, back in the fall. There's no need for panic. I'm not selling anything. Unfortunately, I'm not buying anything this time around either (yet). I just don't have the liquidity to support it right now :/.

The Dow Jones is flirting with record highs, but gold is actually crushing it

CNN is having a field day reporting how the Dow Jones smashed through that psychological 14,000 mark late last week. By the time the closing bell rang in New York City, we were staring down the barrel of the old October 2007 record of 14,078. It’s all very exciting, apparently.

What nobody seems to be mentioning, though—because why would they?—is the math behind it. Back when we hit that peak in 2007, the Dow was trading at 17.7 times the price of an ounce of gold. Today, despite looking just as high on paper, it’s only sitting at about 8.5 times the price of gold. Back then, gold was hovering around $795 an ounce; now, it’s sitting at $1,660. You could run the same comparison with oil, silver, or sugar if you really wanted to feel better about your portfolio.

Read the full piece here: http://www.srebrozlato.com/cro-news/...vrednije.shtml

Let me drop some older, more solid forecasts back in here for you guys—we’re looking at that $1,900 mark.

Patrick Moore3 said:

Speculative trading has pumped the gold market into a massive bubble, and honestly, I think it’s ready to burst any second now. Wells Fargo laid it all out in their latest analysis. Gold is absolutely ripping toward $1,900 an ounce right now, and it feels like there's no stopping it.

I was just scrolling through some news updates and this whole situation feels like it's reaching a breaking point. Honestly, it feels like we're staring down the barrel of a massive shift that nobody is quite ready for. You look at the indicators, you listen to what the big players are saying, and it all starts pointing toward the same inevitable conclusion: things are about to crack wide open. It’s kind of like when I was working back in Chicago and everyone thought the market was rock solid right before everything went sideways in 2008. There’s that specific kind of tension in the air—that quiet before the storm where everyone is acting like business as usual, but underneath the surface, the foundation is already crumbling. We’ve seen enough red flags lately to fill a book. Between the way the Federal Reserve is playing its hand and how the global markets are reacting to recent shifts, it feels less like a controlled descent and more like a freefall waiting to happen. It’s not even about whether the cracks exist anymore; it’s about when they finally give way and the whole structure starts splitting. Just stay sharp out there.

I’m becoming more and more convinced that the whole point of these so-called "analysts" is just to feed investors straight-up misinformation. Honestly, it feels like a setup. 🙄

A few people were pretty much dead wrong recently (remember that $1,735 mark?):

Jim Sinclair is out there making some massive calls again. He’s basically looking at the current chaos and predicting silver could skyrocket to $3,500. Honestly, seeing how things are moving lately, I can't say I'm totally shocked by his optimism. I was chatting with a buddy of mine over a beer the other night, and we were talking about how much everything feels like it's on edge. It feels like every time you turn on the news—whether it's CNN or just scrolling through your feed—there's more talk about inflation and market instability. You start wondering if the folks running the show at the Federal Reserve are actually in control or if they're just trying to keep their heads above water. There's this constant chatter about the Fed potentially following suit with China and the ECB, stepping further into that territory of easing footsteps with Unlimited QE. When you hear stuff like that, it makes sense why someone like Sinclair would be eyeing those astronomical price targets. If the money supply keeps expanding like this, precious metals are usually the ones that catch the lightning. It's easy to get caught up in the hype, but I try to stay level-headed. I don't go all-in on every single prediction I read online, but I do pay attention to the big shifts. This isn't just about chasing numbers; it's about watching how the entire economic landscape in America is shifting under our feet. Whether $3,500 happens or not, the volatility we're seeing right now is definitely something to keep an eye on.

Jim Sinclair just blasted an email to his subscribers, and man, things are getting real. He’s sounding the alarm that the Federal Reserve is basically about to follow suit with China and the ECB, stepping right into those Unlimited Quantitative Easing footsteps. His take? Gold is absolutely barreling toward $3,500 right this second. Seriously, buckle up.
Look, if gold actually hits that $3,500 mark during this current run, don't be surprised when silver absolutely rips past $100 an ounce. It’ll happen easily.
You better pray you’ve got your foot on the gas and get on this physical train before it pulls out of the station for good!

rustywalker82 said:Let me drop some older, more solid forecasts back in here for you guys—we’re looking at that $1,900 mark.

I was just scrolling through some news updates and this whole situation feels like it's reaching a breaking point. Honestly, it feels like we're staring down the barrel of a massive shift that nobody is quite ready for. You look at the indicators, you listen to what the big players are saying, and it all starts pointing toward the same inevitable conclusion: things are about to crack wide open. It’s kind of like when I was working back in Chicago and everyone thought the market was rock solid right before everything went sideways in 2008. There’s that specific kind of tension in the air—that quiet before the storm where everyone is acting like business as usual, but underneath the surface, the foundation is already crumbling. We’ve seen enough red flags lately to fill a book. Between the way the Federal Reserve is playing its hand and how the global markets are reacting to recent shifts, it feels less like a controlled descent and more like a freefall waiting to happen. It’s not even about whether the cracks exist anymore; it’s about when they finally give way and the whole structure starts splitting. Just stay sharp out there.

I’m becoming more and more convinced that the whole point of these so-called "analysts" is just to feed investors straight-up misinformation. Honestly, it feels like a setup. 🙄[/I]

A few people were pretty much dead wrong recently (remember that $1,735 mark?):

Jim Sinclair is out there making some massive calls again. He’s basically looking at the current chaos and predicting silver could skyrocket to $3,500. Honestly, seeing how things are moving lately, I can't say I'm totally shocked by his optimism. I was chatting with a buddy of mine over a beer the other night, and we were talking about how much everything feels like it's on edge. It feels like every time you turn on the news—whether it's CNN or just scrolling through your feed—there's more talk about inflation and market instability. You start wondering if the folks running the show at the Federal Reserve are actually in control or if they're just trying to keep their heads above water. There's this constant chatter about the Fed potentially following suit with China and the ECB, stepping further into that territory of easing footsteps with Unlimited QE. When you hear stuff like that, it makes sense why someone like Sinclair would be eyeing those astronomical price targets. If the money supply keeps expanding like this, precious metals are usually the ones that catch the lightning. It's easy to get caught up in the hype, but I try to stay level-headed. I don't go all-in on every single prediction I read online, but I do pay attention to the big shifts. This isn't just about chasing numbers; it's about watching how the entire economic landscape in America is shifting under our feet. Whether $3,500 happens or not, the volatility we're seeing right now is definitely something to keep an eye on.

Jim Sinclair just blasted an email to his subscribers, and man, things are getting real. He’s sounding the alarm that the Federal Reserve is basically about to follow suit with China and the ECB, stepping right into those Unlimited Quantitative Easing footsteps. His take? Gold is absolutely barreling toward $3,500 right this second. Seriously, buckle up.
Look, if gold actually hits that $3,500 mark during this current run, don't be surprised when silver absolutely rips past $100 an ounce. It’ll happen easily.
You better pray you’ve got your foot on the gas and get on this physical train before it pulls out of the station for good!

LOL

Real rude move, cutting out the rest of the post like that... You skipped it because my first sentence didn't make sense without context, right? But it makes perfect sense if you remember what I was saying back in the summer of 2011 regarding the USD. By snipping it, you totally twisted my meaning... even though just two pages later in that same thread, I made it crystal clear where I stood on those prices at the time.

Patrick Moore3 said:LOL

Real rude move, cutting out the rest of the post like that... You skipped it because my first sentence didn't make sense without context, right? But it makes perfect sense if you remember what I was saying back in the summer of 2011 regarding the USD. By snipping it, you totally twisted my meaning... even though just two pages later in that same thread, I made it crystal clear where I stood on those prices at the time.

Honestly, I was interested in the actual debate and the links on those pages from back when prices were at that level, not in you personally.
I wasn't trying to be negative or anything; it's just that I can't pull up posts from people who aren't even on the forum anymore...
I cut that one line of yours because Wells Fargo wasn't mentioning the USD.

For what it's worth, we've had some decent forecasters around here too. If I remember right, there was that Washington initiative bulletin from a year or two ago suggesting gold was the move because of how things were shifting in China's economy and their subsequent monetary policy.

Check this out from a solid blog (they tend to favor Zurich and stuff like that):

http://scottgrannis.blogspot.com/201...in-end-of.html

Actually, it’s a bit more than 2g:

2011: The Year of the Gold Rush
...
...It’s also possible that investors are grabbing gold because they want to buy the Chinese currency,
but the local monetary authorities won't let them. According to an analysis from the American
consulting firm Faith, the link between gold prices and inflation rates was broken
back in the early 2000s, right when international pressure on China to appreciate its currency started ramping up. In that sense, gold acts as a sort of proxy for the Chinese yuan. Basically, investors
are getting increasingly nervous about potential government defaults, so they’re betting that most major currencies will lose ground against the Chinese one.
Anyone looking at these arguments has good reason to think that
gold price movements could offer a massive clue into the state of global finance
and that we really need to keep a close eye on it. Critics of the Federal Reserve who point to gold prices
as a warning sign of rising inflation are essentially calling for tight monetary
policy. If that happens, the fallout could be brutal
for asset prices and the overall pace of economic growth. But honestly, looking at all this,
it’s hard to argue against the idea that—whether we like it or not—the coming year is going to be
a total gold rush.

Andrew Barrett4 said:But how could the outlook change when it's already been cornered by ammunition and a mountain of accumulated debt?

The last time I picked up a decent amount was quite a while ago, back in the fall. There's no need for panic. I'm not selling anything. Unfortunately, I'm not buying anything this time around either (yet). I just don't have the liquidity to support it right now :/.

That argument holds weight primarily when you're talking about the Dollar. In my view, there's a real shot at hyperinflation there. Though even that's a toss-up. As for the Euro... it's a fog. For years I've written that hyperinflation for the Euro is less likely. I still hold that view.

http://www.youtube.com/watch?v=ZkrrZ5zl30k

Gold and silver should probably make their move in about ten years. It seems like you were leaning toward that conclusion too...😉

Robert Vaughn10 said:I’m with Sinclair on this one. This takedown—which might still be playing out—serves a purpose. We could see a massive rally once enough panicked investors have been shaken out. It's happened before. Personally, my long-term outlook hasn't shifted an inch.

Gold and silver really ought to show their true colors over the next decade or so,which seems to be exactly what you were hinting at earlier...

😕

Anything is possible... but could it actually drop down to its 100-year average?

rustywalker82 said:

Gold and silver really ought to show their true colors over the next decade or so,which seems to be exactly what you were hinting at earlier...

😕

Anything is possible... but could it actually drop down to its 100-year average?

The real question is which dollars or euros you're using to measure inflation...😉
It would be great news if we hit that 100-year average, but again, I have to ask: what are we measuring against? If that happened, it would essentially mean a recovery...😁
As for me, since I split my holdings roughly half metals and half cash, there isn't much room to lose. Theoretically, a crash is possible, but unlikely. Personally, I can't imagine such a massive drop. Gold is primarily an insurance policy...
One more thing—I don't possess a crystal ball to see through these complex layers, but from where I'm sitting, I see things clearly enough...
There is a much higher probability that gold and silver will buy more in ten years than they do today.
On the other hand, I wouldn't underestimate fiat currencies over the short term or even up to five years... though forecasting paper money is a far more difficult task...

It’s all coming to an end, so you might as well have some insurance. That's why I started thinking Sinclair might actually be right.

http://www.24hgold.com/english/news-...r=Keith+Weiner

Watch the phrasing regarding spot-futures being the basis and how they're showing a profit... even with April already looking like a total joke.

Speaking of things going south, I feel like I'm catching a stomach bug practically every other day lately.🤣

Robert Vaughn10 said:That argument holds weight primarily when you're talking about the Dollar. In my view, there's a real shot at hyperinflation there. Though even that's a toss-up. As for the Euro... it's a fog. For years I've written that hyperinflation for the Euro is less likely. I still hold that view.

http://www.youtube.com/watch?v=ZkrrZ5zl30k

Gold and silver should probably make their move in about ten years. It seems like you were leaning toward that conclusion too...😉

I don't really buy into the whole hyperinflation narrative either way. To me, it’s more about that long-term, creeping, crippling kind of inflation—the sort that sits around somewhere near 10%. It usually stays hidden behind periods of low velocity and those absolutely insane statistical indices that don't actually reflect what's happening in the real world.

The pace and specific methodology being used by central banks right now—along with the way they’re manipulating precious metal prices—is all designed to dodge any sudden, violent spikes in the cost of living. I guess it's all being done to keep the peace and prevent social unrest, which makes sense from their perspective. But honestly, this whole attempt at "masking" inflation? It’s still just that: a mask. Nothing more.

Robert Vaughn10 said:That argument holds weight primarily when you're talking about the Dollar. In my view, there's a real shot at hyperinflation there. Though even that's a toss-up. As for the Euro... it's a fog. For years I've written that hyperinflation for the Euro is less likely. I still hold that view.

http://www.youtube.com/watch?v=ZkrrZ5zl30k

Gold and silver should probably make their move in about ten years. It seems like you were leaning toward that conclusion too...😉

I suppose I am. I’ve been weighing exactly when to add to my positions, and honestly, looking back at when I first jumped in, I feel like I’m still sitting comfortably within a safe margin. There’s no reason to panic or start dumping everything, but I guess there is plenty to talk about regarding when to buy more. 😳.

I also still find myself taking the occasional trip abroad, or sometimes even more long-term excursions to other parts of the world. Since I’ve already shared a bit about this before—which, let's be honest, went pretty much unnoticed—I suppose I'll just offer up another example: click 😁 .
Posted on November 11th.
I bought in. Once the price hits that breaking point, we'll see what happens.
And look at this: Potash Corp.

The part that’s really weighing on me is the money I'm setting aside for construction. To be honest, the paperwork and permits aren't moving nearly as fast as I’d like them to. Since it looks like things aren't going to speed up anytime soon, I’ve actually started shifting my mindset a little bit. Maybe it’s a bad idea, but I’ve started acting contrary to how everyone else seems to be behaving—I’ve been spending more on things that make sense to me, rather than obsessively pinching pennies like I used to. I guess I just can't live in waiting mode forever. 😁

I should probably add this: personally, I tend to view debt through the same lens as any other asset. If you’ve got a loan sitting there with a fixed interest rate and zero currency risk, that's essentially just another hedge in my book. So, that's how I handle it. I don't really see much point in paying it back early.

They’ve started selling those 1oz gold New York Philharmonic coins here in the US for over $1,300 an ounce. It would be a shame to let 🙂
pass by.

Sean Carter said:They’ve started selling those 1oz gold New York Philharmonic coins here in the US for over $1,300 an ounce. It would be a shame to let 🙂
pass by.

The price is practically a steal😁

Sean Carter said:They’ve started selling those 1oz gold New York Philharmonic coins here in the US for over $1,300 an ounce. It would be a shame to let 🙂
pass by.

That's like maybe $20 more per ounce than what you'd find at a place like JPMorgan. 😂 It really would be a shame to let this one slip by. 😂

Melissa Sanchez17 said:That's like maybe $20 more per ounce than what you'd find at a place like JPMorgan. 😂 It really would be a shame to let this one slip by. 😂

Hey man, what’s the drive to Denver look like?
Should I even mention where you're planning to dump that?

If you’re some kind of shady operator, you just report it to our Credit Union and they’ll absolutely skin you alive with those 10% plus 25% fees... then after maybe a month or so, you end up crawling back to the desert to claim your 20% VAT (those silver-spoon types) and grab a macchiato in Vienna while staring at the scenery.
If you’re just a total pushover...😉
I mean, cars and gas are basically luxury items anyway, I guess.
🙂

Melissa Sanchez17 said:That's like maybe $20 more per ounce than what you'd find at a place like JPMorgan. 😂 It really would be a shame to let this one slip by. 😂

Before you die of laughter, try being as kind as you are clever and actually enlighten us. At what price point would you be buying in the US today? What do you consider a fair market value over here?