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Five year yield on the barbaric metal

Posted on 4/11/25 at 6:59 am
Posted by OccamsStubble
Member since Aug 2019
8777 posts
Posted on 4/11/25 at 6:59 am
April 11, 2020. Gold $1736 per ounce
April 11, 2025. Gold $3215 per ounce

Freaking barbaric metal. Storage costs and What Buffet says.
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 4/11/25 at 7:32 am to
Gold starting to get a little parabolic. Happy to have some small hedges in most portfolios but looking to pull back here personally.
Posted by ronricks
Member since Mar 2021
10823 posts
Posted on 4/11/25 at 8:20 am to
The only Gold you need. I have several and they are more liquid than any numismatic.

Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92789 posts
Posted on 4/11/25 at 8:39 am to
quote:

I have several


Posted by jellyfish
Oxford, MS
Member since Oct 2009
2103 posts
Posted on 4/11/25 at 9:14 am to
need to rub some lotion on that razor burn from shaving your arms...
Posted by cadillacattack
the ATL
Member since May 2020
9466 posts
Posted on 4/11/25 at 3:44 pm to

Gold has been on the proverbial roll …. since the November low it’s up 27%.

Assuming the equities market signaled an intermediate top, I expect gold to do the same very soon, as Gold tends to top following an equities market top (Jan 2022).

Gold is showing signs of topping too …. It’s definitely overbought … mebbe a top around $3320 …. then I expect a multi month pullback of about 10% … mebbe more for the miners index. This will be a healthy consolidation for gold. I’ll be shorting gdx starting next week as it begins to top.

Beyond July, I see gold resuming its march to $3,700 later in 2025. The horizon is shiny.


Posted by el Gaucho
He/They
Member since Dec 2010
58437 posts
Posted on 4/11/25 at 4:21 pm to
Slackster why don’t you tell us how gold is fake and crash that too
Posted by MeatBaby
Not Alabama
Member since Nov 2010
97 posts
Posted on 4/11/25 at 4:33 pm to
Not sure which is gayer - the arm shaving or that fact that he has a pic of his Rolex saved on his phone.
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3462 posts
Posted on 4/11/25 at 4:38 pm to
quote:

Freaking barbaric metal.

Gotta have something to pay the sheriff with when the dollar goes to shite.

I learned that from my great-great-paw-paw who was able to keep his land after the war.
Posted by OccamsStubble
Member since Aug 2019
8777 posts
Posted on 4/16/25 at 7:50 am to
Now $3309, closing in on a five year double
Posted by beaverfever
Arkansas
Member since Jan 2008
35329 posts
Posted on 4/16/25 at 9:21 am to
The hard asset wave is here.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
147978 posts
Posted on 4/16/25 at 10:07 am to
quote:

barbaric
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 4/16/25 at 10:11 am to
I don’t really know the reason behind gold’s rise.

I own the gold etf GLD which I got in 10 years ago and it’s done fine.

At the current levels, I have no idea if gold is valued properly but I will keep owning it.

Posted by ronricks
Member since Mar 2021
10823 posts
Posted on 4/16/25 at 10:34 am to


Posted by OccamsStubble
Member since Aug 2019
8777 posts
Posted on 4/16/25 at 1:23 pm to
quote:

I don’t really know the reason behind gold’s rise.


100 years ago, you could walk into the finest custom tailor in New York City, and have them make you a fitted suit of the finest material.
Cost: 1 ounce of gold

Today you could walk into the finest custom tailor in New York City, and have them make you a fitted suit of the finest material.
Cost: 1 ounce of gold

Gold hasn’t risen at all. The dollar is plunging in relation to gold because we print money and dilute the value of money in circulation

Gold up $103/ounce today.
Posted by beaverfever
Arkansas
Member since Jan 2008
35329 posts
Posted on 4/16/25 at 1:50 pm to
quote:

I don’t really know the reason behind gold’s rise.
Distrust and political instability. Fiat currency is only worth what the issuer’s creditors feel like it’s worth. When the consensus around their credit comes into question, people look for harder money.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3741 posts
Posted on 4/16/25 at 2:03 pm to
quote:

I don’t really know the reason behind gold’s rise. I own the gold etf GLD which I got in 10 years ago and it’s done fine. At the current levels, I have no idea if gold is valued properly but I will keep owning it.


Better to own physical. A claim is just a claim.
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 4/16/25 at 4:03 pm to
quote:

Slackster why don’t you tell us how gold is fake and crash that too




Sorry
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 4/16/25 at 4:09 pm to
I used to own physical gold and actually used it to pay for things when I didn’t have anything else to pay with.

I was uncomfortable having it in the house, and insuring it.

The ETF will work fine for my purposes
Posted by OccamsStubble
Member since Aug 2019
8777 posts
Posted on 4/16/25 at 5:16 pm to
Now $3353

Officially a five year double
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