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Re: Gold

By: De_Composed in GRITZ | Recommend this post (0)
Wed, 16 Apr 25 12:57 PM | 37 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 06830 of 07425
(This msg. is a reply to 06570 by De_Composed)
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Less than a week after hitting $3,200 for the first time, gold passed the $3,300 milestone! While gold has had several hundred dollar days in its past, I don't think it's ever hit successive new-high milestones this quickly.

I first bought gold for $325/oz. If I still had it, it would now, finally, be a 10-bagger (in 20 years.) A real shame about that boating accident... While many investments have done better than that in the same period, gold isn't really an investment. It's insurance. As such, it has done very well.

Several analysts are now predicting $4,000 this year.

It was just announced that India wants to increase its imports from the U.S. to eliminate its trade surplus and dodge our tariffs. But the U.S. imports they're interested in are commodities - particularly gold and silver - and jewelry. That may explain today's jump.


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The above is a reply to the following message:
Re: Gold
By: De_Composed in GRITZ
Fri, 11 Apr 25 9:14 AM 		Msg. 06570 of 07425

Re: “During that time, there were days when gold rose more than $100. Such daily volatility has been subdued for 15 years. Comparable moves today would involve daily jumps of $300 or more, but all we're getting is $50 and less.”Less than two weeks later, gold has had consecutive days with about $100 increases. That's a move in the right direction, but $300 or $400 days will come.

Gold's price set a new record Friday morning


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