Gold: Past, Present, and Future

nimblepanther18 said:I suspect we might be looking at another slight or perhaps even a more significant price correction... time will tell...

What exactly are you basing that on?

Anthony Evans78 said:What exactly are you basing that on?

He’s probably assuming Ben is just gonna go radio silent. But look—Ben actually started talking, so...😍

http://www.zerohedge.com/news/bens-o...gs-best-friend

If things go south in the US, Ben is going to hit CTRL + P twice as fast—and that gold will be gone faster than two shots of bourbon.

The Federal Reserve chairman is doubling down on his promise to "do whatever it takes" to protect the US from the fallout of the Great Depression as American political leaders gear up for high-stakes negotiations to prevent a massive debt default.

Anthony Evans78 said:What exactly are you basing that on?

My reasoning stems from the chart I previously shared, combined with a gut feeling that we might see a downward trend. As I highlighted in bold, I anticipate gold and silver could dip by roughly 5% to perhaps 10% in the short term. This holds true provided there are no major shifts in the political landscape—regarding the United Nations, Iran, or money printing, for instance—over the next 20 days.

Melissa Sanchez17 said:He’s probably assuming Ben is just gonna go radio silent. But look—Ben actually started talking, so...😍

http://www.zerohedge.com/news/bens-o...gs-best-friend

I have nothing against it; let Ben speak his truth so we can stay 😁 every day. Yet, I must admit I was secretly hoping for another December-style scenario—one where a massive buying opportunity emerged, only for me to miss it. It will be difficult to encounter such an opportunity again.

YES, the landscape of gold production—mining in general—is definitely shifting!
Biomining isn't just some joke. Everyone here seems to be an expert on gold already; most of you probably figured this out years ago...
But Biomining is taking over!
At some point, though, production could skyrocket (maybe we just start hitting Ctrl-P on gold more often?)

Jerry Wright6 said:YES, the landscape of gold production—mining in general—is definitely shifting!
Biomining isn't just some joke. Everyone here seems to be an expert on gold already; most of you probably figured this out years ago...
But Biomining is taking over!
At some point, though, production could skyrocket (maybe we just start hitting Ctrl-P on gold more often?)

Look, if someone actually discovers an organism capable of synthesizing gold from non-gold elements, they won't just get a Nobel Prize—they'll basically win a Nobel for modern alchemy.

nimblepanther18 said:My reasoning stems from the chart I previously shared, combined with a gut feeling that we might see a downward trend. As I highlighted in bold, I anticipate gold and silver could dip by roughly 5% to perhaps 10% in the short term. This holds true provided there are no major shifts in the political landscape—regarding the United Nations, Iran, or money printing, for instance—over the next 20 days.

Relying on "gut feelings" and looking at old data—what people call technical analysis—isn't going to get you very far, I'm afraid. 🙂

Jerry Wright6 said:YES, the landscape of gold production—mining in general—is definitely shifting!
Biomining isn't just some joke. Everyone here seems to be an expert on gold already; most of you probably figured this out years ago...
But Biomining is taking over!
At some point, though, production could skyrocket (maybe we just start hitting Ctrl-P on gold more often?)

Supply might increase, but only because we're pulling it out of the earth faster, not because gold is magically multiplying... even if this is all true, it just means we get the gold sooner.🙂

Jerry Wright6 said:YES, the landscape of gold production—mining in general—is definitely shifting!
Biomining isn't just some joke. Everyone here seems to be an expert on gold already; most of you probably figured this out years ago...
But Biomining is taking over!
At some point, though, production could skyrocket (maybe we just start hitting Ctrl-P on gold more often?)

If they pull it off, great. Then it’s time to pivot over to silver. 😍

http://goldsilver.com/news/backwarda...cal-tightness/

dustyheron5 said:If things go south in the US, Ben is going to hit CTRL + P twice as fast—and that gold will be gone faster than two shots of bourbon.

The Federal Reserve chairman is doubling down on his promise to "do whatever it takes" to protect the US from the fallout of the Great Depression as American political leaders gear up for high-stakes negotiations to prevent a massive debt default.

If the Dollar keeps sliding until it hits rock bottom, it’ll end up being too strong even for Ben’s little toolkit to handle. This can't last forever. We might see the DXY drop to 78, maybe even lower, but once it does, it has to snap back hard—tearing through everything (stock market, precious metals) in its path. The deeper the fall, the bigger the bounce.

quiettrucker12 said:If the Dollar keeps sliding until it hits rock bottom, it’ll end up being too strong even for Ben’s little toolkit to handle. This can't last forever. We might see the DXY drop to 78, maybe even lower, but once it does, it has to snap back hard—tearing through everything (stock market, precious metals) in its path. The deeper the fall, the bigger the bounce.

What we are witnessing now has almost nothing to do with traditional market mechanics—just look at this simulation and see for yourself...

While the surge of high-frequency trading over the last five years—driven by Reg NMS—isn't much of a shock to anyone, the first visual proof of the market fundamentally breaking on August 5, 2011, is staggering. That was the day the US credit rating was slashed. Which begs the question: what really happened in the stock market on August 5 when the US was downgraded to AA+, when the entire system essentially malfunctioned, who is constantly stepping in to intervene, and why are they using complex HFT intermediaries to do it?

http://www.zerohedge.com/news/presen...-downgrade-day

Here are some reflections from Edmund Burke dating back to the 18th century—perfectly applicable to those players in the paper-based government market (it’s an illusion to call it a free market) who claim that sovereign currencies are what destroy an economy.
Make sure you read that last sentence carefully.

But there where the law, which in most instances forbids rather than encourages, is corrupted by, playing with, reversing its own nature and policy—effectively forcing the subject to sit at that destructive table by introducing the spirit and symbol of money-lending into even the smallest transactions, involving everyone and everything like an epidemic spreading a more terrible malaise than any the world has ever seen... What a man is forced to accept as payment for an old debt will not be viewed the same way when he himself comes to settle his own debt; nor would it be the same if he sought to avoid incurring any debt through immediate payment. Industry must perish. The economy must be driven out of your country. Careful stewardship of existence will cease to exist...
The truly melancholy part of the policy of systematically turning a nation into gamblers is that, even though everyone is forced into the game, VERY FEW OF THEM CAN ACTUALLY UNDERSTAND THE RULES, AND EVEN FEWER ARE CAPABLE OF EXPLOITING THAT KNOWLEDGE.

Listen, kids, gold is absolutely in a bubble right now (enjoy the ride), because nobody was buying it like this after such a long bear market 20 or 30 years ago...
The most consistent returns over the last century actually come from something else entirely!!
TIMBER!

Gold and silver represent actual money; timber, on the other hand, does not. That isn’t to say there’s anything wrong with owning a forest—far from it—but it certainly doesn't carry the same weight as those specific stocks mentioned in the article. ☕

Jerry Wright6 said:Listen, kids, gold is absolutely in a bubble right now (enjoy the ride), because nobody was buying it like this after such a long bear market 20 or 30 years ago...
The most consistent returns over the last century actually come from something else entirely!!
TIMBER!

Here's another one who doesn't get gold or what a bubble actually is.🙂
It would be nice if you actually argued why gold is a bubble...

"because nobody was buying it 20 or 30 years ago during such a long bear market..."
...instead of just dropping that.
What kind of sentence is that even supposed to be? 🙂 What were you trying to say?
Speaking of wood... do you own a forest? Do you protect it from people coming to chop it down in the winter? Do you guard it against summer fires? Do you stockpile firewood? Do you sell logs as semi-finished goods?
Wood is great, I use it to heat my house, but it isn't money.🙂

So, following your twisted logic, gold isn't actually money either—at least not until it suits your purposes.
Right now, while prices have been flatlining over the last year, it’s not "money," but once (if) it starts climbing again, suddenly it’ll be just great.
Brilliant logic there.🙂

neondriver5 said:So, following your twisted logic, gold isn't actually money either—at least not until it suits your purposes.
Right now, while prices have been flatlining over the last year, it’s not "money," but once (if) it starts climbing again, suddenly it’ll be just great.
Brilliant logic there.🙂

Alright, PROVE it!

neondriver5 said:So, following your twisted logic, gold isn't actually money either—at least not until it suits your purposes.
Right now, while prices have been flatlining over the last year, it’s not "money," but once (if) it starts climbing again, suddenly it’ll be just great.
Brilliant logic there.🙂

Has it perhaps dawned on you—assuming you haven't missed this part already—that for some of us here, the price of gold or silver in dollars or euros doesn't actually mean a damn thing? Personally, I’d much prefer the price to stay lower so I can stack up more of it. My intention isn't to trade my precious metals back into depreciating paper currency like the US dollar.

Prove it!

My mistake—I meant silver. Gold has actually been flat for the last six months.

Did it just click for you? If you haven't realized yet, the price of gold or silver in dollars or euros doesn't mean a thing to people like us. Personally, I prefer it lower so I can stack more. I have zero intention of swapping my precious metals for depreciating paper money.

Oh, really? Are we all just hoarding silver coins and gold bullion to play a convincing game of Monopoly when society eventually collapses?
You're buying because you're playing the long, and let's be honest, you're entitled to do just that.