Gold: Past, Present, and Future

wearyotter36 said:I suspect most people are just sitting on their hands, waiting for that all-time high to break 😁

🙂 🤣

The $1,400 barrier just got shattered this morning
Let’s see if those self-proclaimed "experts" and Wall Street analysts actually saw this coming, or if they were all busy looking the other way while the market did its thing...

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.

Why on earth are we still measuring the value of gold in dollars—or any other fiat currency for that matter—instead of just flipping the script?

If you actually want to see what things are worth, look here: http://pricedingold.com

Because at the end of the day, gold is a commodity, plain and simple.

Melissa Sanchez17 said:You watching those mining stocks? This could be a killer entry point.

Dumped my Majestic silver. Honestly, I've got my doubts about this precious metals bull run lasting much longer—just playing it safe. I'm good with where I am.

I’m still sitting on the fence here.

I actually doubled down at $1,125 per ounce, but honestly? It feels like we’re way too early to be looking for an exit strategy.

Unless, of course, Trump decides to go after Iran and try to force some peace through sheer intimidation.

Anyway, congrats on those gains 🙂

Lunch menu:

https://www.zerohedge.com/news/2019-...ina-trade-deal

Once again, we see why holding physical metals is the only sensible way to shield your capital from every conceivable shock. Certain patterns here look suspiciously like dumping or currency wars. Regardless of the cause, prices are moving up.
Silver seems to be the only real play left on the board. The gold-to-silver ratio is hovering near 90 right now—essentially hitting the bottom of a multi-decade range.

"a la carte"

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.

The President reports:

https://www.zerohedge.com/news/2019-...valuing-dollar

You want to bring manufacturing back to the States? I'm all for it...
Provided the benefits actually reach the West Coast. Honestly, I have no idea where this trend of low—or even negative—interest rates ends. The 10-year yield is dipping below 2% again. Meanwhile, the 3-month rate sits at 2.15%. Now we have the new head of the Federal Reserve favoring negative rates. It’s just one thing after another...

"We aren't out of the woods yet."

Pento mentioned earlier that these volatile, up-and-down cycles could drag on for quite some time, which essentially plays right into CB's hands.
That means if Mannarino and Sinclair want to succeed, they really need to step out of their comfort zones.

wearyotter36 said: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.

Some guy mentioned that silver follows gold with like a seven-month lag. If you're actually paying attention to this stuff, maybe go check if there's any truth to that. ☕

Greetings, everyone. I hope you are all doing well.
I am looking for some insight regarding the pricing at the branch in Washington, D.C. (https://www.ophirum.de/de/shop). How does it compare to what we are seeing currently in the States? I have already checked Bank of America and Morgan, but I worry I might be overlooking another major distributor.
Also, is there any issue with transporting gold via plane within the U.S. without incurring extra fees?
Thank you in advance.

Have you been looking at the markets in Austria?
I personally made my purchase through
https://philoro.com/shop/gold-bars

Shipping to the States runs about $30...

Arthur Reed said:Greetings, everyone. I hope you are all doing well.
I am looking for some insight regarding the pricing at the branch in Washington, D.C. (https://www.ophirum.de/de/shop). How does it compare to what we are seeing currently in the States? I have already checked Bank of America and Morgan, but I worry I might be overlooking another major distributor.
Also, is there any issue with transporting gold via plane within the U.S. without incurring extra fees?
Thank you in advance.

Just don't try routing it through the United Kingdom.
They'll strip you naked and take everything you own.

Arthur Long5 said:Have you been looking at the markets in Austria?
I personally made my purchase through
https://philoro.com/shop/gold-bars

Shipping to the States runs about $30...

I haven't. I've been monitoring the markets in Washington, D.C., because I'll be visiting there more frequently and plan to buy locally. Since I'm flying, I am quite concerned about whether carrying that much gold will trigger any issues with Customs agents.

Arthur Reed said:Greetings, everyone. I hope you are all doing well.
I am looking for some insight regarding the pricing at the branch in Washington, D.C. (https://www.ophirum.de/de/shop). How does it compare to what we are seeing currently in the States? I have already checked Bank of America and Morgan, but I worry I might be overlooking another major distributor.
Also, is there any issue with transporting gold via plane within the U.S. without incurring extra fees?
Thank you in advance.

I usually just go through the Federal Reserve because their prices are barely even higher than what you find in Germany, so honestly, it isn't even worth paying for shipping, let alone driving all the way up there. I actually swung by Vienna once when I was passing through Denver because they were advertising a sale on one-ounce coins, but after all that, it turned out they didn't have anything from the promotion in stock—it was all special order only.

I picked some stuff up from Mary too, but since they left the US, their prices have become way more expensive than the other guys.

But if you want to talk about a total scam, look no further than Goldman Sachs! They claim free shipping for the US, but the second you select your location, the price jumps right up in your face! He he

Jonathan Wells2 said:I usually just go through the Federal Reserve because their prices are barely even higher than what you find in Germany, so honestly, it isn't even worth paying for shipping, let alone driving all the way up there. I actually swung by Vienna once when I was passing through Denver because they were advertising a sale on one-ounce coins, but after all that, it turned out they didn't have anything from the promotion in stock—it was all special order only.

I picked some stuff up from Mary too, but since they left the US, their prices have become way more expensive than the other guys.

But if you want to talk about a total scam, look no further than Goldman Sachs! They claim free shipping for the US, but the second you select your location, the price jumps right up in your face! He he

So, how much are they actually paying per ounce at the Philharmonic Orchestra?
Are they cutting checks in dollars or something else?
Do they demand to see an ID?
And is there a cap on how much they'll buy back from you?

Michael Morgan5 said:So, how much are they actually paying per ounce at the Philharmonic Orchestra?
Are they cutting checks in dollars or something else?
Do they demand to see an ID?
And is there a cap on how much they'll buy back from you?

So I just checked, and it looks like the spread for a Philharmonic Orchestra musician at the Federal Reserve versus Vienna is about 8 bucks. I didn't actually ask about the payment method, but obviously, you'd be using dollars since we're here in the States, otherwise, it would basically be illegal!
They did ask me for my ID because the amount was over $2500, but honestly, I don't get why people get so worked up about showing an ID. If you're some kind of criminal, sure, you'd be sweating about where to dump dirty money, but if you're legit, there's nothing to worry about since there isn't some master list tracking exactly who bought how much gold. The only exception is if you're buying through $67 (though I might have the amount wrong).
I didn't ask about a buyback limit, so you'll have to hit them up directly for that, but I'm assuming there isn't one. All I know is they don't pull that annoying routine where they care whether you bought the stuff from them or from a competitor.

Thanks.
An $8 price difference isn't worth it when you factor in the hit I'll take on the currency conversion; for me, the US is the obvious first choice here.

I'm asking because I’m still weighing whether I should pull the trigger and sell now or just hold steady until March.