Home Forums Hunting & Shooting Hunter's Campfire Gold up $100.00 in just three days.

https://www.mylondon.news/news/west-london-news/huge-stash-solid-gold-bars-26521332



Love to have ten pounds! 😉
Lend me a coupl'a bucks! I'll pay you back when my brother gets right! 👍

Gold popped above $2,000.00 today ($2,007.00, to be precise), up $50.00 for the day, so far.

All time gold high was $2,074.88 back in 2020. Will we see that record broken in the days to come?

It's a double edged sword. The Fed manipulates the price of gold,..and that's bad any way you look at it. But at this point,..I don't know. The Dollar is already taking a big hit. If the Fed loses control of gold it's going to illustrate exactly where the Dollar really is and cause inflation to skyrocket.

I've heard some coin dealers say they expect gold to "explode" in the next few years.

When in the heck was gold 400+/- per ounce in the 50's and early 60's? In Alaska (and everywhere else), it was $32 per ounce. My father purchased an ounce a week for several years. It allowed him to purchase a million dollar property where we live, with 4 acres on a fameous river in 1971. I think that the graph might be a peach off? What percentage is $2k to $32 dollars? Wondering what I missed in the graph's key?

Silver was a buck twenty five an ounce then. That ratio is the least that silver should be now. . .

IIRC, during the Great Financial Crisis, some people on this forum were predicting that gold would go to $5,000 and the Dow would go down to 5000 or even lower. The closest thread I could find without digging too deeply is here:
https://www.24hourcampfire.com/ubbthreads/ubbthreads.php/topics/3135984/1
It makes for some amusing reading. It also turns out to have been wrong by an extremely long shot (that someone will attempt to explain away in a future post).

I got a kick out of this quote from the thread that relates to the time horizon for the "explosion":


Carry on.

I always have mixed feelings when gold rises. I'm glad it's finally gone up a bit but wish I could have bought more when it was on sale. I bought some 2.5g Swiss kine bars for around $130 a few weeks back and now wish I'd bought a bunch more. My dollar cost average on gold is around $1750 so anything above that pushes me higher. I luckily bought a good amount of silver in the $11-$14 range but wish I'd have bought more a few months back in rhe $19 range now. I'm hoping for another dip before backing up the truck but have been spending cash on ammo instead lately. Buying Winchester and Browning 223 for $375/1000 has taken most of my extra cash this week.

Although, I picked up a 2.5 gram bar and a 1/10th ounce kangaroo on trade for a 11.5" aero AR upper and a brace i hadnt put together yet. I also got a bit of platinum on the deal.

I don't want to deal with the new brace laws so all my ARs are going to.be at least 16" barreled models. Worked out that a neighbor wanted to barter for the short upper.

Bb

They have been saying that since 1986 when I started looking at gold............

Are these people selling gold?

I wonder if you know what "inflation adjusted" means, and maybe more importantly why a person would want to adjust for inflation.

You should add ~20% to that if you want a real record.

Good point.