Today's Gold Price

[mrsat_98]

Gold hit 4180 last night so pretty sure you can pronounce FRN as on life support until it expires

I was 4215, then I blinked.

 

[acptulsa]

It cracks me up when Peter Schiff talks about how gold is the "canary in the coal mine" for the dollar. And when gold spikes way up instead of recognizing that the dollar is in danger, instead traders are saying "well maybe the canary was old and died of a heart attack".

 

[Madison320]

I'd add that we can live with slow and steady inflation because most everything is going up including income. Not that it's a good thing, it's just not terrible. The problem is when price inflation starts getting high, then it can wreck the economy. And that's where we're heading based on the debt load and the interest on the debt.

 

[acptulsa]

I'd add that we can live with slow and steady inflation because most everything is going up including income. Not that it's a good thing, it's just not terrible.

I try not to quibble over terms. I usually fail. But I'm quibbling over these.

It is terrible. It's just not intolerable -- yet.

 

[Madison320]

I try not to quibble over terms. I usually fail. But I'm quibbling over these.

It is terrible. It's just not intolerable -- yet.

I agree, what we've had is terrible. But we haven't had slow and steady inflation, we've had some pretty severe price inflation, well into the double digits.

One thing I know we both agree on is what's really terrible is that we have a centrally planned money supply. If you had to pick the most important thing to leave up to the free market it would probably be the money supply since it affects everything else.

 

[oyarde]

4233.90, 3rd new top in 3 days

 

[mrsat_98]

4233.90, 3rd new top in 3 days

4232.

 

[mrsat_98]

4244

 

[oyarde]

need 4253 now for new top

 

[Madison320]

gold feels overpriced to me compared to other commodities. I'm putting all my extra cash in oil.

the ratio of money supply to gold was off the charts before, but now it's normalizing.

 

[Cap]

Miners is where I see the biggest upside.

 

[acptulsa]

gold feels overpriced to me compared to other commodities.

I think the time to buy is past, though I don't feel compelled to sell yet. Same for platinum and palladium.

But this silver squeeze hasn't played out yet, I think. I wouldn't turn my nose up at that.

 

[Cap]

I think the time to buy is past, though I don't feel compelled to sell yet. Same for platinum and palladium.

But this silver squeeze hasn't played out yet, I think. I wouldn't turn my nose up at that.

I agree to a certain degree, however I see a very good possibility that buying silver in the near future for the average Joe-Blow will soon become illegal. You know, national security and all.

 

[PAF]

I agree to a certain degree, however I see a very good possibility that buying silver in the near future for the average Joe-Blow will soon become illegal. You know, national security and all.

@Cap! Though limited you've been participating on the forums lately!

 

[acptulsa]

...however I see a very good possibility that buying silver in the near future for the average Joe-Blow will soon become illegal.

Sounds like a good reason to buy now to me.

 

[mrsat_98]

4264

 

[Cap]

@Cap! Though limited you've been participating on the forums lately!

Yeah, I had to get away from the Trump fan-boys. Life's to short.

 

[pmbug]

 

[Cap]

Sounds like a good reason to buy now to me.

Aw, for sure, while you can.

 

[oyarde]

4286.1