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Author Topic: Gold Prices - Bank or Tank?  (Read 1311 times)

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Offline MiracleOfTheSun

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Gold Prices - Bank or Tank?
« on: October 27, 2023, 10:29:08 PM »
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    • It looks like Gold is getting ready to break out.  Or will it get rejected again and hit the skids?  The long-term monthly chart showing potential blue skies and premium prices ahead.

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    Offline Quo vadis Domine

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    Re: Gold Prices - Bank or Tank?
    « Reply #1 on: October 28, 2023, 05:11:46 AM »
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    • Who knows? My guess is just as good as the guy down the street. With inflation the way it is, gold should be around $3000 and silver should be at least $100, but historically around $150. 20 to 1 relationship.
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    For what doth it profit a man, if he gain the whole world, and suffer the loss of his own soul? Or what exchange shall a man give for his soul?

    Offline Yeti

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    Re: Gold Prices - Bank or Tank?
    « Reply #2 on: October 28, 2023, 01:11:34 PM »
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    • Gold is an inert investment. It doesn't pay dividends like a stock, or rent like a piece of real estate. Speculating on gold is little different from gambling in a casino. Nothing wrong with doing it a little bit for fun, but don't get carried away. :cowboy:
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    Offline OABrownson1876

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    Re: Gold Prices - Bank or Tank?
    « Reply #3 on: October 28, 2023, 01:56:41 PM »
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    • One lawyer years ago wrote a book claiming that gold would reach 10,000$ an ounce.  If that happens the dollar would become like Germany of old. 
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    Offline Yeti

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    Re: Gold Prices - Bank or Tank?
    « Reply #4 on: October 28, 2023, 02:00:46 PM »
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    • Quote from: OABrownson1876 on October 28, 2023, 01:56:41 PM
    One lawyer years ago wrote a book claiming that gold would reach 10,000$ an ounce.
    .

    Apparently he was wrong. :laugh1:
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    Offline Durango77

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    Re: Gold Prices - Bank or Tank?
    « Reply #5 on: October 28, 2023, 02:17:13 PM »
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    • Quote from: Yeti on October 28, 2023, 01:11:34 PM
    Gold is an inert investment. It doesn't pay dividends like a stock, or rent like a piece of real estate. Speculating on gold is little different from gambling in a casino. Nothing wrong with doing it a little bit for fun, but don't get carried away. :cowboy:

    Gold is a store of value, typically it maintains its purchasing power vs inflation adjusted fiat currency over time.  It's definitely not a good speculative investment for quick profit.  But long term it should continue to rise and eventually hit 2000-2500 and even higher
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    Offline Mark 79

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    Re: Gold Prices - Bank or Tank?
    « Reply #6 on: October 28, 2023, 05:59:25 PM »
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    • Quote from: MiracleOfTheSun on October 27, 2023, 10:29:08 PM
    It looks like Gold is getting ready to break out.  Or will it get rejected again and hit the skids?  The long-term monthly chart showing potential blue skies and premium prices ahead.



    As long as the ѕуηαgσgυє of Satan continues to manipulate the pricing, the pricing will be exactly what they want.

    It is a salutary sign that there are Asian markets not controlled by the JMFs and their "derivatives."
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    Offline gladius_veritatis

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    Re: Gold Prices - Bank or Tank?
    « Reply #7 on: October 29, 2023, 08:52:30 PM »
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    • Quote from: Durango77 on October 28, 2023, 02:17:13 PM
    Gold is a store of value, typically it maintains its purchasing power vs inflation adjusted fiat currency over time.  It's definitely not a good speculative investment for quick profit.  But long term it should continue to rise and eventually hit 2000-2500 and even higher

    SILVER. Gold is great and all, but the historical ratio between gold:silver has been 16:1...forever.

     It has been closer to 50:1 during this era of endless manipulation.  Either people are paying way too much for gold, or way too little for silver.  It is the latter, no question.  BUY SILVER.
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    "Fear God, and keep His commandments: for this is all man."

    Offline Mark 79

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    Re: Gold Prices - Bank or Tank?
    « Reply #8 on: October 30, 2023, 07:34:02 PM »
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    • Quote from: gladius_veritatis on October 29, 2023, 08:52:30 PM
    SILVER. Gold is great and all, but the historical ratio between gold:silver has been 16:1...forever.

     It has been closer to 50:1 during this era of endless manipulation.  Either people are paying way too much for gold, or way too little for silver.  It is the latter, no question.  BUY SILVER.
    Yes, the JMFs have used "derivatives" to manipulate the prices of all commodities. At onset cryptocurrency offered some hope of breaking free of the JMF banksters, but the Jєω SEC allowed the banksters to do their derivative game with crypto and now crypto too is hugely manipulated.

    It is really going to take Biblical action to fix the JQ.
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