GOLD:- $3,500 + USD

[SKULL]

I was just watching a bit of live trading on " Metals Daily " ( UK based )

Gold was bouncing around just under $3,500. Then it suddenly popped thru $3,500 & went to $3.508

It's dropped back to the mid $3,490's range. There will be some profit takers at the higher prices.

Gold now has a taste of the $3,500 +

Now that the market knows $3,500 + is a REALITY the red line is crossed & it disappears

 

[pmbug]

Today was a holiday in the USA. Markets will be open for trading tomorrow. We'll see if Mr. Slammy takes the stage or not.

 

[Administrator]

Is gold at a 5,000 year high, or is Fiat at an all time low?

 

[SKULL]

Is gold at a 5,000 year high, or is Fiat at an all time low?

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Fiat is not at it's low YET !

As has been said elsewhere:- An Ounce of Old 5,000 yrs ago is still the same Ounce of gold today. It has not change AT ALL !

So the change must be in what u are VALUING that Gold with:- $ so it's the VALUE of the $ that is decreasing because the Ounce of Gold is just the same Ounce of Gold that u started with.

The Case for Gold​

Gold demands no yield. It offers permanence instead. It requires no trust in management, no policy intervention, and no productivity promise. Its physical durability matches its monetary history. Unlike equities or currencies, gold remains stable across centuries. It is not consumed. It is held.

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Critics argue gold has no use. But its value is not industrial. It is monetary. Gold is everyone’s foreign exchange, the original hard currency. To say gold has “no use” is to misunderstand money itself. Gold’s utility is social, not mechanical. When money loses credibility, gold’s value becomes self-evident.

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The manipulation of money and distortion of rates have created conditions hostile to sustainable wealth preservation. Debt continues to mount. Demographics turn adverse. Policymakers pursue ever greater interventions. Monetary debasement is no longer a risk; it is a strategy.
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Gold requires no belief in that strategy. It simply endures. Its value arises precisely because others’ values are manipulated. In an era defined by policy overreach and model failure, gold remains not a hedge, but a foundation.

GOLD just is Value in a solid form, with no counterparty Risk, that's why Central Banks are stacking over 1,000 tons/year

I can't see the ADICTTED TO DEBT American Economy making a very painful choice & transitioning to AUSTARITY ( austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both )

So the $ USD will go the way of Weimar Germany, Zimbabwe, etc :- hyperinflation

The Destination is not in Doubt, it's just the time it will take to get there

 

[SKULL]

Seems to be a bit of Bullish excitement growing