Anybody watching Gold?

[scstill]

something like 12 States are now working Legislation through that allows the States to hold bit-coin as "investment" those are good indicators for us in the stacker community

Whats weird is how Bitcoin moves differently than ETF (like IBIT)
I get it that BC is 247 but I thought they should normalize during regular trading session
Seems that gains/losses are still different

[shooter]

it's a speculative "buy" so it's gonna fluctuate with the buyer/sellers "emotional state of mind"


once it becomes "normalized" as a commodity the swings will narrow, be more indicative of "reality" rather than "headline news"


I don't trade in USD for the same reason I don't trade in bitcoin, there's nothing backing it except "speculation".  Corn, wheat, corporations
"In theory" are backed by a tangible product, I may only get an office chair, or a bag of corn, but it's a potential "asset"


one of my posted online "Um, ya, you have a million dollars worth of bitcoin, but the Nets down, so we can't pay you quite yet, please stand by...."
the $$ is the same, once the bank says "Um, the fed didn't send us and $$'s, please standby...."

[shooter]

still slow walking UP-hill

[shooter]

in my feed today;

[scstill]

kind of misleading relative to modern trends...
https://www.macrotrends.net/1441/gold-to-silver-ratio

What do you think realistically the ratio should be??
Do you expect silver to rise significantly to get there?

[shooter]

 
everything now-a-days is mis-leading, 1:15 would be my pick, if I was defining "currency".  They're both classed now as an "industrial metal" which is a different "driver" than money

[shooter]

still slow walking north

[EL34]

Check out the topic of Gold Value revaluation in Google and on Youtube videos

https://search.brave.com/search?q=re%20eva%3Bution+of+gold

https://www.youtube.com/results?search_query=Gold+Revaluation

[shooter]

been reading up, talk about "manipulating" currency.


... "Well our money ain't worth sheet, so let's mess with Gold prices so our money looks good again!"


I'd be less skeptical if it tied "money" back to a tangible asset that can't be "re-worked" whenever guvmint does stupid sheet.
my sense is, this '29 will be a rhyming repeat of the last '29 with Wifi and smart phones   

[EL34]

Gold continues to set new highs

[scstill]

Think there's any gold left in Fort Knox?

[EL34]

I hope they do an audit of the fort and of the Fed who holds a large quantity of Gold

[shooter]

 


No, but wait, there will be!!!


from the "speculation department" paraphrased;
"USA has X tons of gold, USA uses that as security against a loan, once USA has the loan, USA "leases" that same gold to Country Y.  The "leased" gold is held in "reserve" at the Bank of England while country Y gets it's "loan"


all the same gold is now "collateral" for MANY "loans"  it's a giant Ponzi scheme.  last I read "someone with VERY DEEP POCKETS is "buying" and shipping gold bullion to the USA

[shooter]

here's 2 "stories" that make you at least ponder...


Fed
 
https://headlineusa.com/federal-reserve-refuses-to-provide-records-of-foreign-gold-holdings/
Glen Beck
https://www.youtube.com/watch?v=gAM2_D2ApD4
when you "add-in" DOGE'S find at the State Department where 4.7 trillion was "allocated" WITHOUT a budget tracking code, making it nearly impossible to "follow the money".....


is it all smoke n mirrors, no clue, does it pass the average humans "Hmm, something doesn't make sense test" yes.


enjoy the rabbit hunting.

[scstill]

I saw a headline recently that with the audit possible there was a importing of gold from UK into US.
seems that with the "inefficient" spending we've been seeing, FK could be at low reserve.

[shooter]

"inefficient"

you spelled criminal wrong 

[EL34]

The bank of England was found to have some fake gold bars after Australia requested to have their gold repatriated.
Hopefully, we do not have any, but who knows.
The gold belongs to the people and needs to be accounted for

[shooter]

but the guvmint that controls it does the accounting 


hopefully it does get looked at, weighted n tested, but i'm skeptical after watching guvmint operate over the last 60 years.

[shooter]

from my feed a few minutes ago

[scstill]

Yes I heard about painting bricks haha... 
more "inefficiency" - trying to be respectful.
Kash will let us know.

[EL34]

Good info here from Kitco and Andy Schectman

[shooter]

already made the decision if I ever do see a DOGE "rebate" check, it's getting converted that day from check, to USD, then Bullion.  My "reasoning" is outside the scope of this thread, so I'll leave it there.


his observation that when gold goes up it weakens the dollar can be seem in the graphs I post, very few times has metal gone up and the dollar not dipped.

[EL34]

Something is going on
The Central banks and countries are accumulating large amounts
Physical gold is being delivered per the paper contracts

These people always know what is coming way before it happens
 
The Hidden Crisis Behind Gold’s Surge | Paper Gold Collapse?

[shooter]

the link I posted by Glen Beck was saying the same thing, His info came from a guy called Matt Smith.


bottom line, the guvmints of the world are done playing nice and are insuring "the haves" will weather the paper money collapse.


the spooky in all this on the American side, the powers that be seem to be indicating "Bitcoin" (block-chain crypto) could be a "new and safe" version of paper money, backed by, well ya guessed it... gold.  The problem, I can no longer buy a "doz eggs" from the Amish, the neighbor without leaving a "paper-trail" of 1's n 0's.

[EL34]

This is a very good analysis of what is going on with Gold

[EL34]

Another explanation that involves Gold derivatives

This one is scary because it could bring down big banks and make the 2008 look small compared to what could happen here.

[shooter]

if you trade in derivatives you are my nature "scary"
my tea leaves n bat spit says there's gonna be a crash, that makes '29 look like a one day market blip


on the positive side, I just cut up a 1/2 cord of wood and should be picking up another few OZ's of silver for poor livin', the rabbit population did well over the winter, about doubled, the neighbors chickens never got the election infection that culled 10MILLION and the snows melted
can't beat those indicators   

[shooter]

Took out 5 Benjamin's from my scratch-off winner IRA, paid back my end-of-world USD cash, went to the bullion store for some hedges
bought at $31.62, got home, it' at $32!!  paying back the $2 addon cost on the "rounds", got the USD coins at spot.

[shooter]

now that everyone has cleared out the gold from London, it's silver cleaning time...

[EL34]

Gold is on a tear right now

[shooter]

poor mans gold is tagging along, smart kids looking for a safe harbor before the storm...

[EL34]

yeah, Silver looking good also

Gold is $3 away from $3000

[shooter]

looks like the guvmint's CR (cash rescue), will pass, that will probably cool the metals and the market.....for now.

[EL34]

almost to 3k

[EL34]

Gold went straight through $3000 to $3028
Silver $34

[shooter]

There are so many "indicators" pointing to this run, it's impossible to tell what's actually fueling it.
my cost averaged Silver is ~~ $25/oz so I don't really care much the source, as long as it keeps fuel'n 

[EL34]

Possible Gold revaluation.
Huge amounts of Gold leaving bank of England to US.
Central banks buying large quantities of Gold.
Possible short squeeze going on for paper contracts.
People calling in contracts for delivery of Gold.

[mresistor]

Does everyone remember Executive Order 6102.  It could happen again and today they can more easily trace transactions where in the past there was no internet.

[EL34]

I doubt that would float today.
The public (Not the left of course) is way more aware, informed and armed.

The current government would not want to piss off the people who voted for them.

In the old days, people trusted the government and did what they were told.
Having said all that, not everyone gave up their gold
There are tons of stories of Gold coins being found buried and in the walls of old houses.

[shooter]

This from my Fidelity's newsfeed, basically Captain Obvious 

[EL34]

Don't take this as the only reasonAll these sites printing what they believe is the cause.
I lean way more towards the US Gold being imported from the Bank of EnglandCentral banks and countries making huge purchases.
All that plus a possible Gold revaluation which would have a huge effect on the assets owned by the Government.
Something else is happening that will probably be revealed at a later date.
Hopefully there are also short squeezes going on for people that owned short contracts

[shooter]

oh I don't!  hence the Captain Obvious remark.
and you're right, us 'lil people ain't gonna know what the privileged folk are up to til after it's done.

[EL34]

You also got to ask yourself this
Why would anyone other than a retail buyer be concerned about tariffs?
Who imports gold to the US to sell it?

None of the big players are paying tariffs or selling Gold to the public

[EL34]

Gold is $3079.00 currently

I thought it would pull back a bit but it is not stopping so far

[shooter]

the stock market took a beating this week along with the $, so the smart kids are still hedging short-term til the dust settles.
I expect a pull-back by this time next week

[EL34]

Good info here on Gold and Silver

[scstill]

What ever happened to the Fort Knox audit.
Kind of went to sleep

[shooter]

HA, that's the "problem" with instant communications, ya say something, the whole world hears it.......then you get some guy in black showing up to the original commenter, saying "LOOK" click....


 

[EL34]

What ever happened to the Fort Knox audit.
Kind of went to sleep

It will happen as soon as they buy back the Gold they sold and fill the vaults again. 

[EL34]

Gold $3120