Is Gold going to $4,000 ?

[FreeBirdTim]

Good for you! I see too many people stating they'll never sell gold. Nothing wrong with selling at the highs and buying more when it drops. Timing is everything in all markets.

 

[pepperj]

 

[Sand Swinger]

We'll have to see what happens, but I would not be a buyer of gold, silver or bitcoin right now. Wait until they end the shutdown and let the dust settle before buying anything.

Well FBT, received some intel last night, and anyone waiting to buy silver may have waited too long. The global supply of physical silver is drying up. The U.S. gets physical silver from London, and London is now out of silver, no inventory. In the next 7-10 days, small & large dealers will start running out of silver. My intel source tried buying more silver last night through a large broker he's bought from for years and they're out, no inventory left.

Supply and demand will cause the price of silver to totally explode upwards into 3 figures. Some of these brokers/dealers might need to declare bankruptcy, at least short term, until they can find sellers willing to part with some of their supply. We've been used to silver rising a buck over a couple days, then another buck over another day or two. But when there's no supply left, prices will make dramatic jumps daily. Just like with anything else, no supply = higher prices.

BTW, Silver rose up over $52/oz this morning, first time I've seen that, and Gold is over $4,100/oz.

 

[Winchester416]

Personally I do not think the Government shutdown will much impact the price of gold as much as people think. There are other global geopolitical forces at play.

There global demands for gold. there are dangerous time Europe as tilting into growing threat of war with Russia Ukraine war. Russia is progressively going bankrupt. Its only staying afloat with China and India buying cheap oil. People can see it. The UK is politically correct basket case on verge of civil war or at the very least civil unrest. Its economy is crap.. turmoil in Israel and Palestine. And host of countries on the brink of economic collapse. Contrary how the CCP in China portrays themselves as sunshine and butter cups. The fact of the matter China is in big economic trouble. They have had a massive property crash and lost millions of jobs. To justify the CCP existence they have to invade Taiwan to keep the myth alive of the narrative they have created. China is buying up gold and India as well as country's around the world building up their gold reserves as there is a real fear that we will be facing a world war in 2027. That is there a mad scramble to rearm and militarize all over the world. All the alarms bells are ringing baby!

Investors are hedging their bets against rising property prices stock market shocks, AI boom that might turn into a dot com bubble. political tensions all over the globe and economic uncertainty.

here is in graphic of debt levels that show HOUSEHOLD debt, corporate debt and government debt by six parameter of the last 20 odd years.

View attachment 2228097

If you study graphics you can see. notable features

Japans government debt is massive. France and china corporate debt is massive. Australia and Canada's household debt is very high. current world debt is 97 trillion. nearly one third is the united states. Some countries spends more to service their debt than their actual Gross Domestic Product. All of above is one small part in the driving factor of gold prices.

Gold has always been seen as a economic lifeboat.

Crow

I amend my previous post, you understand more than I thought, and I’m going to assume you understand the rest!

God bless!