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Started By
Message
Gold has blown through $3800/ounce. The biggest buyers are banks.
Posted on 9/23/25 at 10:58 am
Posted on 9/23/25 at 10:58 am
Over the past 5 years large banks, including central banks have been buying record amounts of gold. Do these bankers know what's coming? Are they signaling their collective belief that the USD will continue down the road of debasement and eventually lose its place as the global reserve currency or are they simply using gold as a hedge?
Maybe both?
As a side......silver is over $40/ounce.
Maybe both?
As a side......silver is over $40/ounce.
This post was edited on 9/23/25 at 11:00 am
18
Posted on 9/23/25 at 11:01 am to Bass Tiger
quote:
As a side......silver is over $40/ounce.
$44.55 currently.
All metals are up.
Posted on 9/23/25 at 11:04 am to udtiger
quote:
As a side......silver is over $40/ounce.
$44.55 currently.
All metals are up.
If a person would have bought gold or silver three years ago they would have doubled their money with little risk of losing their initial investment.
Gold was expected to top out at around $3700/ounce when the prognosticators were asked back in the spring of 2025, now they're predicting $4000-4500 by years end.
This post was edited on 9/23/25 at 11:07 am
Posted on 9/23/25 at 11:06 am to Bass Tiger
quote:
The biggest buyers are banks.
And a few years ago it was mostly the bankers who screamed MUH Gold Bugs.
Posted on 9/23/25 at 11:07 am to Bass Tiger
Barbaric metal.
Or something.
Or something.
Posted on 9/23/25 at 11:09 am to GumboPot
quote:
The biggest buyers are banks.
And a few years ago it was mostly the bankers who screamed MUH Gold Bugs.
The banks are going to position/hedge themselves and it's quite obvious the Global Banking Cabal has waved the white flag on the USD.
Posted on 9/23/25 at 11:10 am to Bass Tiger
Banks are sitting on untold losses in US treasuries. No one will buy that dog shite off their hands so that have to protect the balance sheet somehow.
Posted on 9/23/25 at 11:11 am to OccamsStubble
quote:
Barbaric metal.
Or something.
Tangible assets are going to quickly become the "big buy" if the US doesn't figure out a way to restore global faith in the USD......$2 trillion deficits in perpetuity does nothing to restore faith in the USD.
Posted on 9/23/25 at 11:12 am to XanderCrews
quote:
Banks are sitting on untold losses in US treasuries. No one will buy that dog shite off their hands so that have to protect the balance sheet somehow.
We must have a banker or financial adviser in here, starting to see the down vote.
This post was edited on 9/23/25 at 12:29 pm
Posted on 9/23/25 at 11:18 am to Bass Tiger
Posted on 9/23/25 at 11:21 am to John Barron
The storing of gold is a bit of a challenge if you're doing it at home. I would advise anyone holding significant amounts of gold to find a trusted depository with a reasonable fee and security to hold your gold.
Posted on 9/23/25 at 11:24 am to Bass Tiger
Is POTUS intentionally tanking the USD?
Posted on 9/23/25 at 11:26 am to John Barron
Alternate strategy- buy it in the US, have it delivered to your door, store in a safe deposit box for $40 per year that holds a couple Mil
Posted on 9/23/25 at 11:29 am to AGGIES
quote:
Is POTUS intentionally tanking the USD?
Did the last president? The one before that? The one before that? The one before that?
I ask because none of them ever cut spending, so they all tanked the USD
Posted on 9/23/25 at 11:29 am to Bass Tiger
Gold is currently $3700 and I just bought another 1 oz a few days ago. I will continue to buy gold and silver better that leaving it in the bank.
Posted on 9/23/25 at 11:30 am to OccamsStubble
I’ve heard it being stated that this admin has a goal to reduce the debt cost by making the dollar cheaper…
Posted on 9/23/25 at 11:31 am to LSURulzSEC
quote:
Gold is currently $3700 and I just bought another 1 oz a few days ago. I will continue to buy gold and silver better that leaving it in the bank.
Yeppers!!
Posted on 9/23/25 at 11:32 am to AGGIES
quote:
Is POTUS intentionally tanking the USD?
I don't think so.
I think the US entered an inescapable debt spiral when the Fed and US government spent trillions bailing out "too big to fail" during the Great Recession/Financial Meltdown of 2007/2008 and then accelerated the debt spiral courtesy the Fed during their Covid-19 Hysteria response.
Posted on 9/23/25 at 11:35 am to LSURulzSEC
quote:
Gold is currently $3700 and I just bought another 1 oz a few days ago. I will continue to buy gold and silver better that leaving it in the bank.
Gold is $3810/ounce as I type.
Posted on 9/23/25 at 11:36 am to Bass Tiger
Anyone know the whereabouts of Mr T?
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