Search found 10 matches

by pmbug
Tue Dec 05, 2023 4:22 pm
Forum: Gold
Topic: APMEX
Replies: 5
Views: 214

Re: APMEX

I'm not positive, but it looks like Apmex might be quoting the Comex GC contract prices instead of the spot price.

GC contracts:

https://finviz.com/futures_charts.ashx?t=GC&p=d

Spot:

https://www.kitco.com/charts/livegold.html
by pmbug
Tue Dec 05, 2023 3:16 pm
Forum: Gold
Topic: APMEX
Replies: 5
Views: 214

Re: APMEX

... For example, right now APMEX spot price is showing $2033.60. Monument metals is $2022.00, and Kitco is 2020.40. ... $2,032.60 USD ... Ask: $2,032.60 USD Bid: $2,022.60 USD https://www.apmex.com/gold-price Looks like Apmex is quoting the Ask price and Monument/Kitco are quoting the Bid price. Th...
by pmbug
Mon Dec 04, 2023 6:06 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 24
Views: 2513

Re: Why the big move in gold?

Looks like a short squeeze on the open in Asian trading. It's settling back down a bit now.
by pmbug
Sun Dec 03, 2023 6:30 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3669
Views: 1341996

Re: The GOLD scream room

How high does it go (by end of year) after breaking through $2,050 resistance?
by pmbug
Sun Dec 03, 2023 6:26 am
Forum: Gold
Topic: Gold Substitutes
Replies: 40
Views: 3450

Re: Gold Substitutes

For the record, I do own some crypto (Bitcoin, Ethereum and a few other alt coins). For me, it was the best way to start learning about the whole ecosystem. I'm interested in the coming fight between decentralized crypto and centralized CBDCs. I'm also curious as to the potential innovations that cr...
by pmbug
Sat Dec 02, 2023 5:16 am
Forum: Gold
Topic: Gold Substitutes
Replies: 40
Views: 3450

Re: Gold Substitutes

Not smart enough to understand bitcoin, but Gates, Bezos, Buffett and the corporate boards ARE the US government and their megacorps arent going to accept gold, bitcoin, or any sound money that isnt theirs . ... Some might argue that Blackrock is the government (or at least, it's financial arm) and...
by pmbug
Fri Dec 01, 2023 12:03 pm
Forum: Gold
Topic: Gold Substitutes
Replies: 40
Views: 3450

Re: Gold Substitutes

Let's acknowledge for moment that Gold is indeed a physical item that can be exchanged for cash. With that in mind, other physical items could serve the same role. ... Collector/Numismatic premiums tend to disappear during economic dislocations or currency crises which is what gold is really hedgin...
by pmbug
Tue Nov 28, 2023 10:38 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 24
Views: 2513

Re: Why the big move in gold?

Dollar index down, Gold up. Fed's Waller says he thinks rate policy is in a good place - no hikes or cuts on the horizon (unless data changes). Without a threat of more hikes from the Fed, gold looks likely to move up from here. $.02
by pmbug
Sat Nov 18, 2023 2:10 pm
Forum: Gold
Topic: Gold peg
Replies: 8
Views: 1142

Re: Gold peg

Instead of pegging the value of gold to the dollar, gold should float freely IMO. And by "float freely" I mean compete on an even playing field. Ron Paul isn't around anymore to champion his Free Competition in Currencies act any more ( https://www.congress.gov/bill/112th-congress/house-bill/1098 ) ...
by pmbug
Sat Nov 18, 2023 1:59 pm
Forum: Gold
Topic: Best Gold Summary Ever
Replies: 4
Views: 912

Re: Best Gold Summary Ever

Article in the OP misses a fundamental issue with respect to gold: Federal Reserve Chair Ben Bernanke presented to the committee the Federal Reserve Board's semiannual report on monetary policy. July 13 2011 Ron Paul to Bernanke : "Gold is Money?" -"No it's a precious metal" Ron Paul to Bernanke : "...