Gold Price

[et1955]

How high do you think it will go ? As of now $1974 plus.

 

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[Goldwasher]

Totally agree with you, also the platinum group of metals have way more uses than gold.

If it weren't for the electronics industry gold would be worth a lot less.

Modern chip technology use much less gold.

the number one use of gold is jewelry and that overlaps the number two use of a hedge for inflation or an investment. Gold jewlery is especially chain is designed to increase in value and be sold and exchanged. Passed on as dowry. Its use in electronics is very new in its existence and acyuall has very little effect on overal demand.

 

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[alloy_II]

the number one use of gold is jewlwery and that overlaps the number two use of a hedge for inflation or an investment. Gold jewlery is especially chain is designed to increase in value and be sold and exchanged. Passed on as dowry. Its use in electronics is very new in its existence and acyuall has very little effect on overal demand.upply and demand dictate the value of gold.

 

[Assembler]

The Countries of India and China are the largest consumers of Gold for Jewelry. I think it is around 132 tons each for consumer jewelry. U.S.A is around 30 - 38 tons for jewelry.

So yea electronics is a good chunk for U.S.A.

 

[Assembler]

View attachment 2014861

Getting away from the use of gold and silver for coinage has really changed the numbers over time.

 

[Assembler]

If there has been crashes of "Paper" in the past do you think history will repeat this again?

Let's see the last bail out goes at least three generations out. Do you think there will be a correction on this in the future?

 

[Assembler]

The "Federal reserve bank note" is just paper.

Will there be a "Digital denomination" coming out any time soon?

 

[Assembler]

As you can see just fuel prices is not the only driving factor out there for the movement in the value of gold. If the commodity value such as gold has been held and not corrected. The markets world wide will correct it at some point or events going on.

 

[gold tramp]

How high do you think it will go ? As of now $1974 plus.

Since I do this everyday I just take what I can get, beets the heck out of $350 ounce, those we're rough times wish I had that gold back today.
Anyways just another day crushing rocks, maybe I find a big pocket this year...
I'm getting old now....
Gt....

 

[Assembler]

Since I do this everyday I just take what I can get, beets the heck out of $350 ounce, those we're rough times wish I had that gold back today.
Anyways just another day crushing rocks, maybe I find a big pocket this year...
I'm getting old now....
Gt....

Well this certainly is a good way of keeping one going no matter what the age. In fact it can help keep some people alive and going and that is priceless.

This in part is what is appealing to me.

 

[Assembler]

Since I do this everyday I just take what I can get, beets the heck out of $350 ounce, those we're rough times wish I had that gold back today.
Anyways just another day crushing rocks, maybe I find a big pocket this year...
I'm getting old now....
Gt....

How will you know if you can find that next pocket unless you are looking and processing that next rock ore?

This is the hunt (ester egg hunt) appeal factor that is appealing for sure.

 

[Assembler]

If fuel costs is really driving the prices then hold on as it cost more then a $1,000.00 dollars ($5.16 per gallon now) to fill the average simi- truck. What is it going to cost next month for food and supplies at the store?

 

[Assembler]

Don't look behind the curtain as you may see what is really taking place.

 

[Assembler]

So if the gold price is in part based on the price of oil do you think it will move some more very soon?

 

[McKinney_5900]

So if the gold price is in part based on the price of oil do you think it will move some more very soon?

Why hasn't silver spiked?

 

[Assembler]

Why hasn't silver spiked?

The world banks have some controls on this.

 

[Goldwasher]

View attachment 2014861

"exclusive of Bullion" think about what that means.
The spot price of gold is based on worldwide demand not US demand.

and yes asside from the government controlled aspect. when I say demand I refer to end user application. As of now that is putting it in locked rooms and not actually "using" it.

seven pointless dis- assembled comments in a row starting in 3....2....1......

 

[Treasure_Hunter]

"exclusive of Bullion" think about what that means.
The spot price of gold is based on worldwide demand not US demand.

and yes asside from the government controlled aspect. when I say demand I refer to end user application. As of now that is putting it in locked rooms and not actually "using" it.

seven pointless dis- assembled comments in a row starting in 3....2....1......

Have you not noticed he is on a ban, see the line through his name, that means ban.

 

[Goldwasher]

Have you not noticed he is on a ban, see the line through his name, that means ban.

no sir I didnt notice or know that was even an idicator thank you.

 

[Goldwasher]

Have you not noticed he is on a ban, see the line through his name, that means ban.

actually just looked don't see a line through a name

 

[winners58]

WAR, gold funds wars, is Russia selling, who's buying, should have a sanction against Russia selling.
the price would go way up, but the central banks control the price of gold as a first defense in currency devaluation.