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Gold hits all time high

Posted on 10/18/24 at 10:52 am
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19591 posts
Posted on 10/18/24 at 10:52 am
More to come!
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77702 posts
Posted on 10/18/24 at 10:54 am to
Is silver a better investment?
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2893 posts
Posted on 10/18/24 at 11:04 am to
Now do the S&P 500.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12534 posts
Posted on 10/18/24 at 11:20 am to
quote:

Now do the S&P 500.


Meh, I don’t think comparing gold to the equity indexes is very meaningful. They aren’t the same thing. I’m not even sure I would consider gold an investment. That’s not to say it isn’t a meaningful asset worth possessing.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19591 posts
Posted on 10/18/24 at 11:43 am to
More upside, can't lose either way.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19591 posts
Posted on 10/18/24 at 11:44 am to
Golding mining companies ftw....
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112019 posts
Posted on 10/18/24 at 12:33 pm to
All precious metals are up big today
Posted by Born to be a Tiger1
Somewhere lost in Texas
Member since Jan 2018
824 posts
Posted on 10/18/24 at 12:36 pm to
quote:

All precious metals are up big today


Why?
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112019 posts
Posted on 10/18/24 at 12:37 pm to
No idea.

But silver is up over $1.3O/oz
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13146 posts
Posted on 10/18/24 at 5:00 pm to
And to think I cursed myself in 2015 when I dumped my market shares to buy gold buffaloes by the bucket…
I was literally through in up for a year.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13146 posts
Posted on 10/18/24 at 5:02 pm to
Threw/ through? I guess it doesn’t matter at this point.
Bought in at $1300 a coin.
Posted by Art Blakey
Member since Aug 2023
287 posts
Posted on 10/18/24 at 5:09 pm to
quote:

Why?


Because the US govt can't afford positive real rates.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112019 posts
Posted on 10/18/24 at 7:24 pm to
quote:

No idea.

But silver is up over $1.3O/oz


Up $2.15/oz on the day
Posted by Geauxldilocks
Member since Aug 2018
5424 posts
Posted on 10/19/24 at 8:02 am to
quote:

Is silver a better investment?


Has definitely lagged gold. I think so SLV pierced key resistance yesterday should have easy run to $38 by next year.
Posted by Lsut81
Member since Jun 2005
83607 posts
Posted on 10/19/24 at 8:12 am to
quote:

I think so SLV pierced key resistance yesterday should have easy run to $38 by next year.


I'm sitting on a boat load of pre-64 silver.

I may start unloading if it hits $35. I've been waiting nearly 5yrs for it to even get back above $32.
Posted by SlidellCajun
Slidell la
Member since May 2019
15806 posts
Posted on 10/20/24 at 1:22 pm to
Why isn’t gold valued at least as high as bitcoin?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82033 posts
Posted on 10/20/24 at 1:45 pm to
quote:

Why isn’t gold valued at least as high as bitcoin?

Gold is currently valued about 13x higher than bitcoin right now.
Posted by SlidellCajun
Slidell la
Member since May 2019
15806 posts
Posted on 10/20/24 at 3:43 pm to
Nah

Why isn’t it at @65,000 per ounce?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82033 posts
Posted on 10/20/24 at 8:35 pm to
Golly gee, why isn't Nvidia or Apple valued at least as high as Tractor Supply?
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19591 posts
Posted on 10/20/24 at 9:56 pm to
Momentum continuing ....
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