Gold

[mistymountain]

I'll second that.

The next question is:

Is the increasing POG in USD the start of a multi year uptrend? eg 1970s or 2009 - 2011...

As I type POG gone thru USD$2300...

https://tradingeconomics.com/commodity/gold

Cheers

In one week US$2300K cleared. As I type POG breaking US$2400K. NZ$4000 +

Which must have caused TVNZ 6 pm News team to get excited tonight: https://www.1news.co.nz/2024/04/12/g...me-to-cash-in/

[Joshuatree]

Nouriel Roubini says any suggestion gold will boom is nonsense.
I hope you read this one too bermuda, there'a message there about oil.

http://wallstreetpit.com/11964-roubi...lking-nonsense

One thing I have to admire about Skol is his consistency ,he's still dissing gold all these years
(15) later ,on H/C.

[Nor]

$NZ4082 per ounce over night.

[Daytr]

$NZ4082 per ounce over night.

Plenty of volatility that's for sure.
Dollar strength & gold down over $100 from its record high print.

But yep both Kiwi & Aussie gold looking great overall. When I first started trading gold it was around the lows of USD220 or A$300 per ounce!

[airedale]

One thing I have to admire about Skol is his consistency ,he's still dissing gold all these years
(15) later ,on H/C.

Professor Roubini's last sentence says it all. "People are just talking their books". Roubini's book or portfolio has no gold.

[troyvdh]

Am I correct in thinking...re record POG that taking into consideration of inflation that the price would have to be over $US4000...per ounce.
Also the stuff is going up for a reason....perhaps heralding dark times ahead.

[mistymountain]

Am I correct in thinking...re record POG that taking into consideration of inflation that the price would have to be over $US4000...per ounce.
Also the stuff is going for a reason....perhaps heralding dark times ahead.

Well heralded in Jim Rickards 2012 book "Currency Wars" : https://www.amazon.com/Currency-Wars.../dp/1591845564

Vital reading.

As are all of his books following this.

Shocking now knowing that the "Currency War" foretold a decade before (banning Putin from SWIFT / Energy sanctions etc if Putin invaded Ukraine) now dividing the World into two Power Blocks with genuine Risks of a Hot War.

China now armed with Gold; as is their allies.

Meanwhile a Hot War retaliation attack : Iran (Russia) v Israel (US) and Vice versa will send Oil skyrocketing. Think US$150 +

(Gold would likewise.)

This then sets a domino toppling: Inflation II .... higher for longer??

Your Quote" Dark Times ahead" is so relevant.

Yet where is this analysis in our mainstream media??

[mistymountain]

[QUOTE=mistymountain;1048085]Well heralded in Jim Rickards 2012 book "Currency Wars" : https://www.amazon.com/Currency-Wars.../dp/1591845564


Just woken up to hear that for the first time in most of our lives Iran (Russia) is now attacking Israel (US)

The Oil and Gold Markets next weekend may also respond accordingly

We are Living through History right Now. As the great Thinker Lenin said:

“There are decades where nothing happens; and there are weeks where decades happen.”
― Vladimir Ilyich Lenin

----

[mistymountain]

Pour a coffee: as I type this George put this out 50 mins ago:

https://www.youtube.com/watch?v=a-vEeESNaPg

Should be compulsory viewing for all us "kiwis". Especially those with heads in the sand.

[mistymountain]

The Ninja does a great job explaining the War situation and implications for our hard earned $$$$

https://www.youtube.com/watch?v=qGVqk_89IKA

Strap on NZ for the Rollercoaster ride.

What will Israel do to retaliate...?

Over the last 6 months I have rung the Israel Embassy twice in Wellington expressing my concerns their brutal revenge in Gaza leading NZ and the World towards WW3.

Both times their phone wont answer.

Where has our Government been to express to the Israel embassy for their lack of leadership to reign in Netanyahu vengeance and vendetta...and Call for PEACE and Dialogue.

Oh!!! Maybe this is the REASON: https://israelinstitute.nz/chris-bishop/

War Pigs. Play loud: https://www.youtube.com/watch?v=LQUXuQ6Zd9w

then repeat:

https://www.youtube.com/watch?v=LQUXuQ6Zd9w