Loading ...Gold is the best kept Secret
Has anyone seen any mention of Gold at all time highs in their Country from the general ( non financial)
or from everyday normal ( goldbugs are not normal) people ?
I just asked my associate if he was aware that an ounce of Gold is now worth $2,000
He was not aware and did not give it a second thought.
Amazing
https://www.msn.com/en-us/money/savingandinvesting/the-case-for-owning-gold-keeps-getting-stronger/ar-AAFnJSm?li=BBnbfcN
Funny you should ask fully – no one at my firm ( big 4 accounting firm ) even knows about it and don’t seem to care –
People in the UK seem oblivious as well
Good point. No one, and I mean no one in the general public seems remotely aware of what’s going on. I mention the PM bull to people and they feint a polite interest, then turn away.
Joe Q. public is not on board. Not at all. Not yet.
This move is real and stealth. The Bull is a totally stealthy! I love it! I don’t think Bay or Wall St are even in this yet. Yesterday on CNBC a guy combating bitcoin said buy gold and miners on all dips and only crickets were sounding behind him until one of the other muppets chimed in.
I wonder what is going on here. I mean really going on. Gold is becoming parabolic in quite a few nations now. That is usually a very bad sign.
Northstar. Perhaps we need to say that those currencies are heading rapidly to zero and gold is the same value as it always was (it would buy a fine suit of clothes and all that).
I always wondered about the hyperinflation arguments. I didn’t really think that it would happen in the USA US dollar zone first. Why would it happen to the senior currency first? If it happened anywhere it would surely be in the minor currency countries, wouldn’t it? The US dollar would probably be strong relatively speaking – and it is with the index close to 98 USDX. It’s 97.38 today, even on a down day. Not that strong but certainly not weak, yet.
Maybe we should have a sweepstakes or a poll on the first currency to reach zero. Prize, a couple of new shiny silver eagles.
The another poll on the big currencies… which will go to 0 first? Pound, Yen, Euro or US dollar?
The Brexit scenario will be a fun time to watch the pound, unless you’re British and don’t have any gold.
Good points Dave. I think the Dollar will hold up, until it doesn’t. Being global reserve, all eyes are on it, and therefore it’s in the spotlight and prone to a rapid reaction when support levels fail.
Here in the U.S., I would guess that less than 1 in 200 people have any investments in gold/silver, other than jewelry. It could be as low as 1 in 500 or even 1 in 1000 people.
Back in the Summer of 1999, when the price of gold bottomed at $252 (referred to as Gordon Brown’s Bottom), I was on a group camping trip with a number of my college friends, their spouses, and children.
While we were all having a meal, I mentioned that price of gold was incredibly cheap right now, and I stated that the price will never be this low again. Nobody seemed interested. I felt like I had three eyes.
One of the problems was that the price of gold had been declining for more than 19 years at that time, so it was difficult to convince anybody to buy gold. I remember in the 1980s and 1990s that stock brokers would discourage people from buying gold or stocks of gold mining companies. This happened to me with several different brokers, and I believe that it was part of their training/indoctrination.
By the time he is aware it will probably be worth $2000 (USD)?
Is it $2000 CAD already? Wow, I guess you’re writing from Canada then.
Just looked at Kitco. A tiny but off its peak at 1999.11!
DEEP DISCOUNT! Only 1999 CAD!
As for the UK, 1200 GBP has been crossed. We have now had a London fix at over £1200, well a few of them now, one on Monday PM, one on Tuesday PM and there must have been two today since the sport p[rice is already 1230 in GBP today.
Of course, 1200 was around the all time high in 2011, give or take, though I doubt there was ever a London Fix over 1200 GBP back then, since I think the highest London Fix was $1895 US dollars back in 2011 or thereabouts and that translates probably to about 1170 GBP with the pound somewhere in the region of $1.61-1.64. now the pound is in the range $1.20-1.25!!
So one can’t say that the dollar is weak right now in this gold bull run.
Hi everybody from Italy,
here if you ask about Gold people would think about a great Spandau Ballet song or will ask you when the Olympic games will start.
Interest and awareness = ZERO 🙂
I think it’s the same story everywhere except, perhaps India – the country where gold is in the blood.