The GOLD scream room

[seajay]

Looks like they're talking about gold again over at the Knuckleheads forum.

I like the calculator posted by Chuck
https://www.calculateme.com/precious-metals/gold/value/

I like your avatar dualstow. Kin Kura Pilsner (5%) beer. A intriguing logo of gold (roof) and integrated western KURA.

[dualstow]

thank you!

Yours is pretty swanky as well and also on topic.The Britannias are beautiful coins.

[Hal]

Well, we are happy with the pet rock

[dualstow]

Well, we are happy with the pet rock
{chart}

https://ycharts.com/indicators/gold_pri ... ian_dollar

“The pet rock” - I like it

[ochotona]

If you're near retirement/drawdown, a reasonable gold exit strategy IMO is to spend gold first.

Agree, I could sell some of the gold to fund a Social Security substitute from retirement to age 70. I retire in 32 months, will take Social Security at 70. Let's hope it's broken out to the upside in 32 months.

[mathjak107]

actually over most time frames equities and gold has beaten equities and bonds for more than 2 decades …if anything i wouldn’t single gold out for spending .

kind of crazy that bonds which pays interest have not kept up with equities and gold as far as a balanced portfolio goes

[dualstow]

Many people know about the seizure of U.S. citizens’ gold in the 1930’s, but do you know how much the cash compensation was?

[yankees60]

Many people know about the seizure of U.S. citizens’ gold in the 1930’s, but do you know how much the cash compensation was?

I think I may have read about it a few times. But I'm guessing it was not much.

[Xan]

Many people know about the seizure of U.S. citizens’ gold in the 1930’s, but do you know how much the cash compensation was?

I think I may have read about it a few times. But I'm guessing it was not much.

It was definitely full value, as defined by the definition of the dollar in terms of gold. $28/oz? $35/oz? Something like that.

[dualstow]

Like $20 and change. 20.67? That was the rate at the time.
Well, according to chatGPT

// I guess I was typing at the same time as you, Xan

[yankees60]

Like $20 and change. 20.67? That was the rate at the time.
Well, according to chatGPT

// I guess I was typing at the same time as you, Xan

I get the same amount as you here:

https://www.history.com/this-day-in-his ... d-standard

[Smith1776]

Yeah it was a sly move on the part of the Big G.

Buy everyone's gold at $20.67 then immediately revalue gold up (and the dollar down) to $35/oz.

[yankees60]

https://www.capitalspectator.com/yes-go ... -of-money/

Yes, Gold Is An Alternative Form Of Money

[dualstow]

As I write, both the gold futures (CNBC) and the spot price (bid, actually) (AJPM) read US$2040/oz

[yankees60]

I just noticed that this topic has had over 1.3 million views! That is a lot considered how many active participants are here.

Is there anywhere available the top ten topics with the most views? I'm sure the Covid one would be in there.

Dualstow, fine for you to move this into its own topic but then it seems like it'd lose its context?

[yankees60]

https://money.com/is-it-a-good-time-to- ... aily_money



INVESTING
GOLD
Is It a Good Time to Buy Gold?

By: Jordan Chussler
Editor: Marcela Otero Costa
Published: Nov 20, 202310 min read

[Ugly_Bird]

https://money.com/is-it-a-good-time-to- ... aily_money



INVESTING
GOLD
Is It a Good Time to Buy Gold?

By: Jordan Chussler
Editor: Marcela Otero Costa
Published: Nov 20, 202310 min read

For PP it was a good time to sell gold :-)

[dualstow]

Indeed.

2070

[pmbug]

How high does it go (by end of year) after breaking through $2,050 resistance?

[Ugly_Bird]

How high does it go (by end of year) after breaking through $2,050 resistance?

Need to polish the crystal ball really well to know. :-)

[dualstow]

2077

[dualstow]

Chinese investors and households have been buying gold as a refuge from property and stock market mayhem, helping support record prices for the haven asset.

— Harry Dempsey, Financial Times

[Smith1776]

I've recently taken to purchasing gold bars/coins that are encased in protective plastic. I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.

[dualstow]

I've recently taken to purchasing gold bars/coins that are encased in protective plastic. I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.

Wouldn’t you rather check them out and encase them yourself?

[Smith1776]

I've recently taken to purchasing gold bars/coins that are encased in protective plastic. I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.

Wouldn’t you rather check them out and encase them yourself?

The couple stores I go to both are gracious enough to let me see Sigma Metalytics test results before I walk out the door.