Spot gold traded at a record above $2,898 an ounce on Monday.

[Assembler]

Spot gold traded at a record above $2,898 an ounce on Monday.

China Frees Possible $27 Billion From Insurers to Buy Gold

Bloomberg News

Mon, February 10, 2025 at 12:42 AM PST

A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak.

https://finance.yahoo.com/news/china-frees-possible-27-billion-054250990.html

 

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[Assembler]

Gold Price Performance USD

Change Amount %

Today +26.96 +0.93%

30 Days +207.43 +7.70%

6 Months +452.32 +18.47%

1 Year +908.02 +45.54%

5 Year +1,319.18 +83.35%

20 Years +2,478.09 +584.74%

goldprice.org - 16:12 NY Time

 

[Assembler]

Encouraged to crack open Fort Knox and audit the $425 billion gold reserves inside — and Rand Paul wants to help

By Ryan King Published Feb. 16, 2025, 4:39 p.m. ET

The government assesses the book value of $42.22 per ounce, totaling about $6.2 billion worth of gold in Fort Knox.

But that’s almost a comical undervalue; gold is currently trading at nearly $2,900 per troy ounce after skyrocketing in the last year — meaning the stash is worth hundreds of billions.

Gold began arriving at Fort Knox in 1937. The largest amount of gold that had been stashed in the Kentucky-based Army installation was 649.6 million ounces in late 1941, per its website.

https://nypost.com/2025/02/16/us-ne...k-open-fort-knox-and-audit-the-gold-reserves/

 

[Assembler]

Is spot gold now going to be normal over $3,000.00 per ounce now?
$3,055.39

 

[tamrock]

Is spot gold now going to be normal over $3,000.00 per ounce now?
$3,055.39

Who's to say for sure 🤔 One estimate i read this morning is that by 2030 gold prices will be back down to prices seen in 2023 https://northernminer.com/news/morningstar-sees-gold-hitting-1820-by-2030/1003876832/
Looking back on a post I made here on TN in Sep. 2014 I said I think gold will never again fall very much below $1000. a troy ounce.

Post in thread 'Thoughts on gold prices ...'

Sep 12, 2014

I've been hearing the easter Bunny is coming too.
but santa is the one to worry about,
he is so spiteful, he's making a list & checking it twice.

Gold & Silver will be dropping for a little while But I don't see them ever getting to the $265.00
and $4.00 an oz prices ever again

It's all manipulation by those planning on making a quick score

I don't think gold will ever fall very much below a thousand an once from here on out. That is if we don't figure out away to manufacture real gold like in the Twilight Zone's... The Rip Van Winkle Caper.

• tamrock

That wasn't a prediction, because I don't have that ability and I only get ideas of what's maybe gonna happen. I just cashed in some of my scrap gold a couple days ago. Definitely made an increase on it, but now that cash is all going towards a trip to Disneyland next Tuesday for my darling wife's birthday here this month on the 27th.

 

[UnderMiner]

So happy pretending to be a pirate by collecting and hoarding real gold was my hobby as a child. Who would have thought some of the best financial decisions could have been made in grade school.

 

[russau]

Who's to say for sure 🤔 One estimate i read this morning is that by 2030 gold prices will be back down to prices seen in 2023 https://northernminer.com/news/morningstar-sees-gold-hitting-1820-by-2030/1003876832/
Looking back on a post I made here on TN in Sep. 2014 I said I think gold will never again fall very much below $1000. a troy ounce.

Post in thread 'Thoughts on gold prices ...'

Sep 12, 2014

I've been hearing the easter Bunny is coming too.
but santa is the one to worry about,
he is so spiteful, he's making a list & checking it twice.

Gold & Silver will be dropping for a little while But I don't see them ever getting to the $265.00
and $4.00 an oz prices ever again

It's all manipulation by those planning on making a quick score

I don't think gold will ever fall very much below a thousand an once from here on out. That is if we don't figure out away to manufacture real gold like in the Twilight Zone's... The Rip Van Winkle Caper.

• tamrock

That wasn't a prediction, because I don't have that ability and I only get ideas of what's maybe gonna happen. I just cashed in some of my scrap gold a couple days ago. Definitely made an increase on it, but now that cash is all going towards a trip to Disneyland next Tuesday for my darling wife's birthday here this month on the 27th.

HAPPY BIRTHDAY MRS. TAMROCK !

 

[tamrock]

HAPPY BIRTHDAY MRS. TAMROCK !

I'll tell her, Thanks!

 

[Assembler]

I'll tell her, Thanks!

You can also show her that there are a couple of people on the form that wish her a happy birthday ;-)

 

[tamrock]

You can also show her that there are a couple of people on the form that wish her a happy birthday ;-)

I'll do that. 👍