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12-04-2024, 10:50 PM
#8691
Member
Originally Posted by 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/
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13-04-2024, 12:02 AM
#8692
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13-04-2024, 06:01 AM
#8693
Member
$NZ4082 per ounce over night.
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13-04-2024, 10:14 AM
#8694
Originally Posted by Nor
$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!
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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13-04-2024, 10:38 AM
#8695
Originally Posted by Joshuatree
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.
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13-04-2024, 03:42 PM
#8696
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.
Last edited by troyvdh; 14-04-2024 at 03:22 PM.
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13-04-2024, 10:51 PM
#8697
Member
Originally Posted by 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 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??
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14-04-2024, 11:14 AM
#8698
Member
[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
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14-04-2024, 11:23 AM
#8699
Member
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.
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14-04-2024, 12:05 PM
#8700
Member
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
Last edited by mistymountain; 14-04-2024 at 12:20 PM.
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