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$2,000.00 Gold

PostPosted: Tue Aug 04, 2020 12:27 pm
by Market Harmony
Today, August 4, Gold crossed into the $2,000.00 range on the spot market. It had been trading above $2,000.00 in the futures a few days earlier.

Celebrate or Raise Concerns?

Anyone want to predict price movements? you so crazy... only predictable thing is fluctuations

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 1:06 pm
by Country
Lovin it !!!!! :D

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 1:13 pm
by CaptainW
Market Harmony wrote:Today, August 4, Gold crossed into the $2,000.00 range on the spot market. It had been trading above $2,000.00 in the futures a few days earlier.

Celebrate or Raise Concerns?

Anyone want to predict price movements? you so crazy... only predictable thing is fluctuations


Celebrating the increased value of my stack but very concerned over the circumstances that has caused the increase.

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 6:02 pm
by thecrazyone
OK, please tell a new dude how to go about stocking up. Do I go to the pawn shop and buy rings? Purchase ingots? I need to start small.

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 6:32 pm
by shinnosuke
thecrazyone wrote:OK, please tell a new dude how to go about stocking up. Do I go to the pawn shop and buy rings? Purchase ingots? I need to start small.


I almost always find the prices here to be the best around. Have you visited the market area? viewforum.php?f=28

Ask more questions if you need help, and good luck.

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 7:07 pm
by thecrazyone
Thanks! Are those mini troy oz bars worth buying?

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 7:46 pm
by Thogey
CaptainW wrote:
Market Harmony wrote:Today, August 4, Gold crossed into the $2,000.00 range on the spot market. It had been trading above $2,000.00 in the futures a few days earlier.

Celebrate or Raise Concerns?

Anyone want to predict price movements? you so crazy... only predictable thing is fluctuations


Celebrating the increased value of my stack but very concerned over the circumstances that has caused the increase.


+1 But the circumstances should not surprise any who has been here for any length of time. Printing money and debt.

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 8:15 pm
by coppernickel
Another sign of the impending hyperinflation.

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 8:30 pm
by rainsonme
Inflation hasnt started yet. We are still in a deflationary environment; some things going up, like the stock market and gold, but most things not. They have just pumped trillions of dollars with a T. Inflation, or its near twin, devaluation of the dollar, will happen. The current moves are the result of uncertainty and excess money (Trillions of dollars) with no where to go. This is a great place for silver and gold to base for a while, until a real move down in the dollar creates much more dramatic moves in PM. This move in PM is prelude.

Re: $2,000.00 Gold

PostPosted: Tue Aug 04, 2020 10:46 pm
by slvrbck
I knew I’d see it in my lifetime but this 2,000 surge happened quick.

Re: $2,000.00 Gold

PostPosted: Wed Aug 05, 2020 9:50 am
by JJM
Looks like I should have been stacking gold (instead of silver) all these years, and switched the gold over to silver a few months ago...lol. Oh well, live and learn! Would have been nice to capitalize on that 100:1 (or greater) trade.... I will eventually improve my metal "lot in life", but I now see I missed a good trade opportunity...

Re: $2,000.00 Gold

PostPosted: Thu Aug 06, 2020 7:20 am
by Gamecock
I laugh every time I go to coinflation and see that article on the front page about gold NOT hitting $2,000 this year