Today's Gold Price

[Intrepid]

4103

Are you looking at spot price? What website?

I like the iPhone "Yahoo! Finance" app and KITCO.com

 

[acptulsa]

Seems the hammers are concentrating on banging silver back under $50 this morning. China and India drove it over that mark overnight.

 

[oyarde]

Are you looking at spot price? What website?

I like the iPhone "Yahoo! Finance" app and KITCO.com

Ya I use Kitco a lot , Peele St in Montreal , thinking theyve got a new office 620 Rue Cathcart , Montreal

 

[pmbug]

Seems the hammers are concentrating on banging silver back under $50 this morning. ...

The battle for the $50/ozt price bridge:

 

[acptulsa]

The battle for the $50/ozt price bridge:

$50.65 right now.

 

[oyarde]

4149.9 high last night , silv currently 51.23

 

[Danke]

With the value going up, I'm sure many are concerned about safely holding their PMs. For members here, I am offering free storage in my vault. But act fast, space is limited.

 

[oyarde]

4206.5, 53.54

 

[mrsat_98]

deleted

 

[acptulsa]

Up every night, down every day.

How much freshly printed Fed Funny Munny is being used trying to keep those prices down? They print money to use hammering them down, creating inflation that causes the prices to rise.

Ain't it grand having a government around?

 

[mrsat_98]

Up every night, down every day.
.

Ain't it grand having a government around?

No.

 

[mrsat_98]

4209.15 gold silver is 56.15

 

[Madison320]

Why is oil being ignored? I'm pretty sure oil is the by far the cheapest it's ever been, priced in gold. And it's almost guaranteed that there's going to be a big increase in wars in oil producing areas.

 

[acptulsa]

Why is oil being ignored?

Is it? Are oil futures cheap?

 

[oyarde]

New top today fot gold and silver

 

[mrsat_98]

4403.. now 4414

 

[Madison320]

Is it? Are oil futures cheap?

So from 1970 to 2010, gold was about 12 times more expensive than oil. Now it's 75.

To get back to that normal ratio oil should be $375 a barrel.

Year gold/oil
1970 11
1980 15
1990 13
2000 10
2010 15
2020 44
2025 75

 

[acptulsa]

So from 1970 to 2010 it was gold was about 12 times more expensive than oil. Now it's 75.

To get back to that normal ratio oil should be $375 a barrel.

Year gold/oil
1970 11
1980 15
1990 13
2000 10
2010 15
2020 44
2025 75

But how do we make use of that knowledge? Clearly oil has been manipulated much the same way silver has. But for most of us, silver is much easier to store. If one believes in stacking the physical and waiting for the correction, how does one proceed with oil?

 

[Madison320]

But how do we make use of that knowledge? Clearly oil has been manipulated much the same way silver has. But for most of us, silver is much easier to store. If one believes in stacking the physical and waiting for the correction, how does one proceed with oil?

I'm investing in oil etfs and big oil companies. I'm afraid the smaller companies might not be able to survive oil being this low.

 

[oyarde]

oil currently below break even price for american production , so are corn and beans, gold and silver new all time highs