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Price inflation

Cuddles

Cuddles

Well-known member
Three Berries said:
yes I started buying at $297 an oz in the 90s. Last buy was $1900 an oz a couple months ago.
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cool, but I wouldn´t have paid so much. I kinda doubt that gold will go up that much to make it worthwile. They are predicting that gold will go up to 2,000 or even a little more this yyear but they were were also saying that it would last year.
I really hope that it goes way up though, so I can sell my 2 half ounces. And then I hope it drops again big time.
I had sort of assumed that gold would go down because of the war but it didn´t. I can´t help but wonder why. ??
 
Brother Nature

Brother Nature

Well-known member
That wasn't the question. Does your gold hold value in other currencies? The question is related to two comments above about the usd becoming toilet paper and purchasing gold/silver as a fallback.
 
Cuddles

Cuddles

Well-known member
Brother Nature said:
That wasn't the question. Does your gold hold value in other currencies? The question is related to two comments above about the usd becoming toilet paper and purchasing gold/silver as a fallback.
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yes I know, but it´s not going to be that dramatic. And besides, what goes down also goes back up again. Currencies as well as gold. So even if the dollar and/or gold go down in value, you just hang on to the gold until things get better
 
Three Berries

Three Berries

Active member
Cuddles said:
cool, but I wouldn´t have paid so much. I kinda doubt that gold will go up that much to make it worthwile. They are predicting that gold will go up to 2,000 or even a little more this yyear but they were were also saying that it would last year.
I really hope that it goes way up though, so I can sell my 2 half ounces. And then I hope it drops again big time.
I had sort of assumed that gold would go down because of the war but it didn´t. I can´t help but wonder why. ??
Click to expand...
The dollar is being displaced as the world standard currency as we speak. The new currencies that will be used are going to have to be backed by something of value as the world is fed up with e FED. As we all should be. It's the slow target inflation of 2% that enables the warfare/welfare state. When it gets above 2% then you know it's out of control. Even at 2% you are losing 2% a year. An ounce of gold will still buy a top of the line men's suit and a 90% silver quarter will still buy a gallon of gas.
 
buzzmobile

buzzmobile

Well-known member
Veteran
Got gold?
1680432086070.png
 
Three Berries

Three Berries

Active member

Bill Holter Warns "Gold Is Going To Break The Fed" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Holter, who is a precious metals broker from Miles Franklin, has a front row seat to the big jump in demand and prices. Holter says, “We’ve been jammed since the first of the year, but we have been absolutely jammed since the SVB bank announcement..."

"What is interesting is we are getting more calls, but for the most part, bigger money. We are taking multi-million-dollar orders on a daily basis now. This is different than a few years ago...
...What is going to happen is demand is going to outstrip supply. The supply will be wiped out...
Ultimately, COMEX and LBMA are going to fail to deliver, and then you will see an absolute moonshot in gold and silver.”
Click to expand...
 
flylowgethigh

flylowgethigh

Non-growing Lurker
ICMag Donor
Three Berries said:
The dollar is being displaced as the world standard currency as we speak. The new currencies that will be used are going to have to be backed by something of value as the world is fed up with e FED. As we all should be. It's the slow target inflation of 2% that enables the warfare/welfare state. When it gets above 2% then you know it's out of control. Even at 2% you are losing 2% a year. An ounce of gold will still buy a top of the line men's suit and a 90% silver quarter will still buy a gallon of gas.
Click to expand...
Thank the marxists for accelerating the demise of the dollah. They weaponized it, and stole Russia's reserves. Other countries see the light and want no part of being under the economic thumb of a desperate dying fat bloated woke mess.

The value of a 90% silver quarter is the same as a gallon of gas, but getting the attendant to accept it is a different matter. The fools don't know any better....

 
Cuddles

Cuddles

Well-known member
gold has gone up to 2,000 USD recently (more than once). I´m keeping an eye on it in case it goes higher :)
 
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