The GOLD scream room

[dualstow]

GOLD and US Dollar up strongly in recent weeks... at the same time? Aren't they Kryptonite to each other?

That is curious, isn’t it. I’m happy for technovelist.

The dollar is supposedly up because the economy looks strong. Gold— take your pick. Purchases in India? Anticipation of rate cuts?

[dualstow]

IMG_8627.jpeg (416.83 KiB) Viewed 4014 times

[pmbug]

... Gold— take your pick. ...

"tradition" /Bernanke

[dualstow]

Sorry, what is the Bernanke quote?

[Smith1776]

Sorry, what is the Bernanke quote?

From memory:

Ron Paul: do you consider gold to be money?

Ben bernanke: no. I mean it’s an asset. Would you consider treasury bills to be money?

(Later)

Ron Paul: why don’t you hold diamonds then?

Ben bernanke: … it’s tradition

[Xan]

[dualstow]

Thanks guys

[Smith1776]

Heh, my memory of the conversation was actually not bad!

[pmbug]

[dualstow]

2780 this morning

[I Shrugged]

2780 this morning

To the moon!

2800.70 right now.

It doesn't feel like a bubble, not yet. Not until I hear some Gamestop-like enthusiasm.

[I Shrugged]

I think I have to head over to Bogleheads to see what they think about gold.

[dualstow]

I think I have to head over to Bogleheads to see what they think about gold.

LOL

[Dieter]

I think I have to head over to Bogleheads to see what they think about gold.

Do tell what you learn

[I Shrugged]

I think I have to head over to Bogleheads to see what they think about gold.

Do tell what you learn

There didn't seem to be any active threads.

[pmbug]

From Monday regarding last week:

[ochotona]

It doesn't feel like a bubble, not yet. Not until I hear some Gamestop-like enthusiasm.

When gold is on TikTok, time to rebalance

[dualstow]

Big drop. Time to buy more?
I ordered my first platinum coin the other day. Waiting for gold to fall.

[welderwannabe]

When gold is on TikTok, time to rebalance

I generally agree, but with our debt situation I feel like its still got room to move.

Won't break my heart if it pulls back $1,000. I'd just buy more. Long term, in this country with both Trump and Harris spending plans, gold is going to become a very important asset.

[dualstow]

Oh me too. Would love to buy more.

[ochotona]

I think we have a buyable dip in gold. The medium and long term prospect is more US debt, tariffs causing inflation, jawboning the short term interest rates down (or pushing Powell out and getting an inflation dove in who will tend to lower rates), all of this means a financial repression regime... interest rates lower than the rate of inflation. It's very bullish for gold over the next few years, not a great environment for cash savers, of course.

I have a few $ given to me in my Roth Miners account by Fidelity's fully paid security lending program... someone was shorting one of my stocks, and borrowed my shares... they are making out on their trade, but my time scale is different so I'm going to town with my $17 and buying more.

[yankees60]

I think we have a buyable dip in gold. The medium and long term prospect is more US debt, tariffs causing inflation, jawboning the short term interest rates down (or pushing Powell out and getting an inflation dove in who will tend to lower rates), all of this means a financial repression regime... interest rates lower than the rate of inflation. It's very bullish for gold over the next few years, not a great environment for cash savers, of course.

I have a few $ given to me in my Roth Miners account by Fidelity's fully paid security lending program... someone was shorting one of my stocks, and borrowed my shares... they are making out on their trade, but my time scale is different so I'm going to town with my $17 and buying more.

What has been the short-term reaction of gold to the election results?

[ochotona]

It dumped to about $2660 now. Almost 5% off the peak.

[barrett]

I think we have a buyable dip in gold. The medium and long term prospect is more US debt, tariffs causing inflation, jawboning the short term interest rates down (or pushing Powell out and getting an inflation dove in who will tend to lower rates), all of this means a financial repression regime... interest rates lower than the rate of inflation. It's very bullish for gold over the next few years, not a great environment for cash savers, of course.

I've given up on trying to figure out what really drives the price of gold, ocho. It's 15% of our portfolio but I try not to have expectations. For sure Trump will pressure whoever is the Fed Chair to lower short-term rates but I can't see investors accepting lower bonds yields in general if inflation expectations are high. It's obviously super early but bond yields are up across the board today.

[dualstow]

Gold is on sale as far as I’m’ concerned, while Bitcoin has of course been surging. I think it would be prudent at this juncture to sell Bitcoin and buy more gold. Only problem is, I don’t own much Bitcoin to speak of.