Watching the price of gold go UP ! meaning ?????
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Thread: Watching the price of gold go UP ! meaning ?????

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  1. #1
    us
    Apr 2012
    Reno NV
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    113 times
    All Types Of Treasure Hunting

    Watching the price of gold go UP ! meaning ?????

    Watching the price of gold go up. Whats it mean to you?
    Deep state having trouble controlling the price and real supply/demand coming into play ?? Who knows ----- They say there are 60 ozs. for every 100 ozs
    out there, i think i heard some where, be nice to confirm something like that. johnnysau
    Last edited by johnnysau; Jan 30, 2019 at 05:16 AM. Reason: Screwed up
    Hey save your gold dust, you'll need to give change when the dollar goes south !

  2. #2
    us
    Jun 2013
    El Dorado County
    ROCKING GOLD GRABBER MINI- BGT PROSPECTOR- ANGUS MACKIRK EXPLORER- MILLER TABLE, MULTIPLE SUCKER TUBES, VARIOUS HAND TOOLS, PANS AND CLASSIFERS, FORS GOLD PLUS, MINELAB PRO 25 PINPOINTER- DIY ROD MILL
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    Silver lagging behind as usual..
    Quote Originally Posted by GoldDoozah View Post
    The fact that homo sapiens teach genetically engineered canines tricks, on the third planet of this particular star in the Milky Way, is extremely unlikely.

  3. #3

    Feb 2014
    862
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    All Types Of Treasure Hunting
    China trade deal? Venezuela? shut down/open and looming shut down? you pick em. Mort rates are down too after a rise
    russau likes this.
    Never confuse motion with progress


    Illegitimi non carborundum

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  4. #4
    us
    Jan 2016
    South of Gunnison, Gold Basin
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    Next thing ya know the zombies will be here! Oh wait.....

    26 grams per person, better get it while it lasts!
    Last edited by Johnnybravo300; Jan 30, 2019 at 12:00 AM.

  5. #5

    May 2005
    St. Louis, missouri
    5,859
    4491 times
    When we were on the gold standard the rise in gold's value meant the economy was going into the toilet and vice versa ! Now the gubermint has their hands on the button and they get rich while the people fight for a existence ! Remember this come voting day!
    Jim in Idaho and ratled like this.

  6. #6
    Charter Member
    us
    Jul 2012
    Blackfoot, Idaho
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    It's all about the Federal Reserve. They've created several trillion of new money in the last 10 years. At some point, gold will be revalued in those new dollars. Money that is created, and not earned, is inflation, which causes the value of the money to decline. But, it takes awhile for the value of assets, like gold, to be revalued. They tried, and are still trying, to keep the price of gold down, but at some point their efforts will fail. Could this increase be permanent? Who knows. The price could keep steadily rising, or they could dump a bunch of paper gold on the market in an attempt to keep the price down. Keep in mind that eventually, those damping attempts will stop working. When that finally happens gold will go up big. In the past, they've allowed gold to get up to the mid-13's before pushing it back down.
    Jim

  7. #7
    us
    May 2009
    Sailor Flat, Ca.
    SDC2300, Gold Bug 2 Burlap, fish oil, ACME handbook for TRUE prospectors (unread)
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    In the last five years. Gold has been over $1300 an oz. About ten months combined.

    If it goes more than a two quarters straight and/or the price keeps going up for a solid quarter at a staedy pace. I'll start to be really interested.
    et1955 and KevinInColorado like this.

  8. #8
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
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    Beginning of the end now. No way will they be able to normalize rates without the markets tanking and they know they are running out of ammo. They will have to reverse to keep the bubble pumped. Next option, print money. Stock market numbers are the goal here and that's all that matters.

  9. #9
    Charter Member
    us
    WolfPack member

    Aug 2009
    New Hampshire
    Garret Master hunter Cx Plus
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    The Truth
    Im amazed rto think that people still think voting does any good.meet the new boss,same as the old boss.

  10. #10
    us
    Prospector

    Apr 2014
    Modesto, CA
    358
    839 times
    Prospecting
    Too much volatility at the moment. Trade wars, shutdowns, tweets... leads to instability.. which leads investors to go back to good ol' faithful, which is gold! Some people thought the president was going to bring back gold mining... well, at least he's helped drive gold prices up!

  11. #11
    Charter Member
    us
    Nov 2012
    Maryland
    XP Deus, Tesoro Cibola, Full sized shovel and a backhoe
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    Fear and greed, the two great motivators.
    KevinInColorado likes this.

  12. #12
    us
    Jun 2013
    El Dorado County
    ROCKING GOLD GRABBER MINI- BGT PROSPECTOR- ANGUS MACKIRK EXPLORER- MILLER TABLE, MULTIPLE SUCKER TUBES, VARIOUS HAND TOOLS, PANS AND CLASSIFERS, FORS GOLD PLUS, MINELAB PRO 25 PINPOINTER- DIY ROD MILL
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    And we're back..... ugh!
    Quote Originally Posted by GoldDoozah View Post
    The fact that homo sapiens teach genetically engineered canines tricks, on the third planet of this particular star in the Milky Way, is extremely unlikely.

 

 

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