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Started By
Message
re: Gold has blown through $3800/ounce. The biggest buyers are banks.
Posted on 9/23/25 at 12:27 pm to ksayetiger
Posted on 9/23/25 at 12:27 pm to ksayetiger
quote:
The storing of gold is a bit of a challenge if you're doing it at home.
Not really.
I don't have a ton of it (10- 1 oz coins), we put it in the floor safe. It can fit in the palm of my hand.
Sure, I have numismatic gold coins at the home but I would never have hundreds of thousands of dollars worth of gold bullion in my home....not comfortable with that much gold in my home if I'm gone for a few weeks.
0
Posted on 9/23/25 at 1:32 pm to Big Scrub TX
quote:
Gold was $1700 15 years ago. That's a terrible IRR compared to most other assets.
Gold was $1083 in 2010. It gained 17% per year for the past 15 years LINK
Nice try.
Posted on 9/23/25 at 1:52 pm to Bass Tiger
quote:
The biggest buyers are banks.
And William Devane.
Posted on 9/23/25 at 2:00 pm to Bass Tiger
quote:
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?
Hedge. The USD isn't going anywhere. No other currency has the stability and volume to take its place. And I'm tired of hearing about some gold-backed BRICS currency. That isn't happening. It would completely collapse the Chinese economy and government.
Posted on 9/23/25 at 2:04 pm to udtiger
quote:
$44.55 currently. All metals are up.
Posted on 9/23/25 at 2:05 pm to John Barron
quote:
Store the gold in China
Is anyone actually stupid enough to do this?
Posted on 9/23/25 at 2:05 pm to HonoraryCoonass
I don’t quite understand why gold is so valuable(unpopular opinion,Iknow)
Doesn’t really have that many uses -some in electronics and jewelry,that’s about it.
Copper,and aluminum have many more uses.
I have a $20 gold coin,paid $75 for it in 1972.
Think I’ll sell it and buy something useful.
Doesn’t really have that many uses -some in electronics and jewelry,that’s about it.
Copper,and aluminum have many more uses.
I have a $20 gold coin,paid $75 for it in 1972.
Think I’ll sell it and buy something useful.
Posted on 9/23/25 at 2:06 pm to OccamsStubble
quote:In 2011, it traded over $1800 and didn't regain those highs for like 9 years.
Gold was $1083 in 2010. It gained 17% per year for the past 15 years
Posted on 9/23/25 at 2:07 pm to Bass Tiger
When I die my kids will think their father was a pirate.
I’ve bought gold and/or silver every month for 20 years.
I’m leaving them enough to sink a boat
I’ve bought gold and/or silver every month for 20 years.
I’m leaving them enough to sink a boat
Posted on 9/23/25 at 2:08 pm to LSUA 75
quote:
don’t quite understand why gold is so valuable(unpopular opinion,Iknow)
I agree. I’m in love with that linen paper with cool ink on both sides that’s impossible for man to make more of.
This post was edited on 9/23/25 at 2:49 pm
Posted on 9/23/25 at 2:10 pm to Bass Tiger
quote:
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?
Well you have:
-Continued government irresponsible spending
-Poor projected bond yields for future debt
-Massive warning signs in multiple areas of the economy signaling a potential collapse of various markets
-Global debt at unsustainable non-war levels
-Catastrophic exposure to commercial and residential real estate deals that were financed in ARMS during COVID that are coming due
Other than that, can't see any reason to be in gold...
Posted on 9/23/25 at 2:24 pm to Bass Tiger
I got a 90% gain on a substantial amount of gold I bought in 2023. That will cover about 1/4 of my losses on a tech startup.
Posted on 9/23/25 at 2:46 pm to tide06
quote:
Well you have:
-Continued government irresponsible spending
-Poor projected bond yields for future debt
-Massive warning signs in multiple areas of the economy signaling a potential collapse of various markets
-Global debt at unsustainable non-war levels
-Catastrophic exposure to commercial and residential real estate deals that were financed in ARMS during COVID that are coming due
Other than that, can't see any reason to be in gold...
Yep.
Transitioned a portion of my portfolio to gold related ETF's a couple of months ago.
Gold just reached an all-time high of right above 3,500 on September 2, 2025. Now, if it's being valued at 3,800 it seems reasonable why its value is increasing. There are too many market pressures, combined with irresponsible government spending, that don't bode well for the dollar in the future.
Posted on 9/23/25 at 3:24 pm to Big Scrub TX
Gold was $1,627 in October 2022. If you bought then, you've made out like a bandit. All in the timing of your purchases and sales.
I used to be anti-gold when the stock market was soaring year after year. The demographic trends that made that happen are screeching to a halt. There is reason to believe that the stock market over the coming decade may be as flat as it was for most of the 1970s.
I used to be anti-gold when the stock market was soaring year after year. The demographic trends that made that happen are screeching to a halt. There is reason to believe that the stock market over the coming decade may be as flat as it was for most of the 1970s.
Posted on 9/23/25 at 3:30 pm to Bass Tiger
quote:
Gold is $3810/ounce as I type.
What market are you looking at I haven’t seen it over $3800 all day the high $3784.79…
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