Gold: Past, Present, and Future

Andrew Barrett4 said:🤦

The sheer volume of news out there is so massive that anyone can find themselves reflected in one of these extremes. Or maybe somewhere in the middle, depending on how you see things.

Personally, I find this constant finger-pointing at others just because they choose to manage their OWN assets differently to be pretty foolish—and honestly, a bit narrow-minded.

Sure, but you always have to look at the big picture, not just what's being screamed at you by the media. Most news is either pure noise or just a reflection of emotional swings within this massive bull market. The bottom line? We are in a huge bull run. The longer this thing simmers, the bigger that parabola gets. The fundamentals driving this long-term secular bull haven't changed—if anything, they've strengthened.

So, if someone identifies with one of those news extremes or finds themselves stuck in the middle of the hype, they’re probably just blowing in the wind. Or like a broken clock that's right twice a day.

Oh, since we're talking about news, I can't help but mention my usual bias against ZeroHedge and its entire fanbase 🙂😁.

quiettrucker12 said:Sure, but you always have to look at the big picture, not just what's being screamed at you by the media. Most news is either pure noise or just a reflection of emotional swings within this massive bull market. The bottom line? We are in a huge bull run. The longer this thing simmers, the bigger that parabola gets. The fundamentals driving this long-term secular bull haven't changed—if anything, they've strengthened.

So, if someone identifies with one of those news extremes or finds themselves stuck in the middle of the hype, they’re probably just blowing in the wind. Or like a broken clock that's right twice a day.

Oh, since we're talking about news, I can't help but mention my usual bias against ZeroHedge and its entire fanbase 🙂😁.

Getting all poetic on us now, huh? 😍
Alright, Melissa Sanchez17, where's that $1,750 target you were shouting about two weeks ago? Because it hasn't even come close to breaking through.

ironstag8 said:Just tell me one thing: where exactly do you see someone like Paul Volcker operating in the US today? And even better, where do you see an economic landscape remotely similar to what we faced back then? Are you seriously suggesting the US is in the same boat it was in the 80s? You have to consider the scale—think about how many players were driving that bull market in the 70s and 80s compared to the actual number of participants moving the needle right now.

Everything in this world is rigged, including gold. When the big power players decide a price is too high—or too low—that's when the stampede starts. It works that way with everything, but maybe you're just too young and naive to get it...

Anthony Evans78 said:You’re talking about an era when the USA didn't have even a fraction of the debt it carries today.
Back when we actually had export surpluses.
When interest rates could jump to 15% without anyone blinking, thanks to those two factors alone.
Back when Chinese buyers and the rest of the world weren't allowed—or able—to hoard gold.
When the economic landscape was much healthier.
When Western central banks held way more gold than they do now.
Back when all the gold mined during the year actually hit the open market (unlike today, where major producers like Russia and China won't let a single gram leave their state vaults).

I suppose you think all of that is just a reason for gold to crash to $600.
Maybe so, if the dollar undergoes a massive devaluation similar to what happened with the lira in old Italy. 😂

Everything in this world is part of some conspiracy, including gold. Once the power players decide a price is too high (or too low), the stampede starts. It's true for everything, but maybe you're just too young and naive to see it...)

Amy Sanchez2 said:Look, I hate to be the one to burst your bubble here, but I honestly have to disagree with you on this one because $650 is roughly $760 in our currency, and if you actually look at the numbers, the average cost for a mining company to pull a single ounce out of the ground is sitting somewhere between $600 and $800, and that's not even touching on the overhead like employee wages, profit margins, or Uncle Sam's tax cut, so what you're basically suggesting is that these massive mining corporations are going to start selling their gold at a massive loss just for the fun of it, which... yeah, doesn't seem very realistic to me.

Everything in this world is rigged, including gold. Once the big players decide a price is too high (or too low), the panic starts. It's how it works, but maybe you're just too young to see it yet...

Ethan Barrett7 said:Everything in this world is part of some conspiracy, including gold. Once the power players decide a price is too high (or too low), the stampede starts. It's true for everything, but maybe you're just too young and naive to see it...)

The issue isn't even about the price; it's about whether anyone actually trusts fiat currency anymore.
We're talking about physical gold here, not some paper derivative.
And I'm curious, what does my age have to do with anything? Since when did getting older make me naive?
Sit down and take a seat.

Melissa Sanchez17 said:Getting all poetic on us now, huh? 😍
Alright, Melissa Sanchez17, where's that $1,750 target you were shouting about two weeks ago? Because it hasn't even come close to breaking through.

Perfect timing for Thanksgiving. As for gold, just hang tight—the trend is shifting upward. I'm looking at 1740 by Friday, maybe higher... maybe 1780 next week. You probably noticed the Dollar broke below the 200 DMA (downward move, obviously) and breached the trendline set back on October 18th and November 1st.

Ethan Barrett7 said:Same thing happened with stocks, real estate, and everything else.
Just another way to get fleeced...

They’re gonna get slaughtered at the peak of this bull market too, so don't sweat it.😉
The timing just isn't right yet.😉

quiettrucker12 said:Perfect timing for Thanksgiving. As for gold, just hang tight—the trend is shifting upward. I'm looking at 1740 by Friday, maybe higher... maybe 1780 next week. You probably noticed the Dollar broke below the 200 DMA (downward move, obviously) and breached the trendline set back on October 18th and November 1st.

Yeah, I know, I know—that’s exactly why I was asking you. 😉

ironstag8 said:Just tell me one thing: where exactly do you see someone like Paul Volcker operating in the US today? And even better, where do you see an economic landscape remotely similar to what we faced back then? Are you seriously suggesting the US is in the same boat it was in the 80s? You have to consider the scale—think about how many players were driving that bull market in the 70s and 80s compared to the actual number of participants moving the needle right now.

Personally, I find it almost impossible to imagine which Fed Chair would actually take those kinds of risks under current conditions. If I recall correctly, they were facing literal threats to their lives back then, and even then, things weren't nearly half as complex as they are today.

Another thing I think people tend to overlook—and maybe this is just me—is how much total digitalization defines our era. It brings a whole set of realities to the table. We're talking everything from digital currency to digital property. I mean, I doubt anyone actually believes someone is sitting in a vault clutching physical ownership papers for, say, an > or some stocks they bought. Not to even mention the actual physical backing of assets. Everything is different now.

It’s going to be a rude awakening for a lot of people when they realize how easily digital "assets" and "cash" can just vanish into thin air...
Anyone feeling like Corzine today? 🙂

Anthony Evans78 said:The issue isn't even about the price; it's about whether anyone actually trusts fiat currency anymore.
We're talking about physical gold here, not some paper derivative.
And I'm curious, what does my age have to do with anything? Since when did getting older make me naive?
Sit down and take a seat.

Same thing happened with stocks, real estate, and everything else.
Just another way to get fleeced...

Ethan Barrett7 said:Same thing happened with stocks, real estate, and everything else.
Just another way to get fleeced...

Wrong.
If we don't want to keep repeating ourselves, the goldbugs here should go back and read our old posts.
Maybe you'll actually learn something.

Anthony Evans78 said:Wrong.
If we don't want to keep repeating ourselves, the goldbugs here should go back and read our old posts.
Maybe you'll actually learn something.

Glad you think you'll bail once things finally hit the fan. You're never gonna catch the end of it, even if it looks tempting...

😍
Look, it’s just a fact that the sun rises in the east.
And I guess it's also just a reality that all those local and global shifts pretty much originate from the West.
So, where does that actually leave us in this whole story?
🙂

Ethan Barrett7 said:Glad you think you'll bail once things finally hit the fan. You're never gonna catch the end of it, even if it looks tempting...

Could you try being a bit more specific?

Here’s why gold is headed for $600 🙂
http://www.moneyweek.com/investments...-soaring-61500

Perfect little setup for a long at $731... keeping the SL tight, maybe around 4-5 bucks...

lonehawk5 said:Perfect little setup for a long at $731... keeping the SL tight, maybe around 4-5 bucks...

And there you go. Just move that stop to break even or maybe a dollar or two under... then you can actually get some sleep without worrying about everything blowing up.

Wall Street Journal Gold guru Doubles up on his Gold Position

Published Nov. 19, 2012 on Forbes.com

Forbes.com IT was a surprise to suddenly hear from George Soros that He Had decided to go Back in and replace The 50% of his holdings he sold some two years ago. I found myself wondering about the motivation behind such a move—because All i see is deflation and austerity, specifically the aggressive reduction in government spending across the United States, the US, the United States and elsewhere.

Then my gold guru reached out via email with this insight: "A deflationary world will force central banks to print money. Eventually, it catches up to everyone. Once money velocity accelerates, gold will prove its worth." In plain terms—he believes the dollar is headed for a slide, a total collapse, or some other catastrophic cocktail resulting from relentless overprinting.