Gold Nose Dives To Current Low

10-4. Thanks for the clarification, @jbuck. I've not voted in the US in more than 20 years now (not my circus, not my monkeys, though the fallout is still global), but I take your meaning. I'll continue to endeavour to comply.

I'll tell you one thing. All hell is about to break loose in Europe and its going to have great effect on the PM markets and commodities overall.

Most of all gold. PM,s, oil, food, rare earths...ect

Poland stacking gold while splurging on high tech military gear. The Czechs doing the same. Germany, the UK, France, Italy, Turkey, Netherlands, and of course Russia. Which is a major producer.

And of course America, also a major producer. Taken together with major allies a very large group. All this is , of course, whats driving up the price of the metal. The central banks are buying the stuff by the pallet, whatever the true numbers are both in buying, holding, and producing. Gold reserves are the ultimate economic hedge. The buying spree is also a sign of a whole lot of world-wide inflation.

https://www.euronews.com/business/2...cond-quarter
https://tradingeconomics.com/countr...old-reserves
https://investingnews.com/daily/res...g-countries/

In the days prior to WW1 there was a great rush to buy gold and converting bank notes to the PM.



WW2 the same. Initially the Vietnam war caused a rush to gold. The Gulf war caused as surge as did the Iraq war. Gold prices are one of the most potent indicators that war is in the offing. Nobody smells war as well as investors and maybe historians and I smell a bad one coming in Europe.

I hope I'm wrong but it caused me to buy another oz and if I could I'd be buying by the tonnage right now. While conflict is not the only reason, the national debt and inflation being an almost important one, I want the safety of the metal. I spent 18 mos under arms in Turkey and even still they are a relatively poor country, a country with largely worthless currency that depends on gold for personal and national wealth. More so, much more so, then Euro countrys wealthy with currency.

And Turkey is in the region of conflict as well as a NATO member so when they are buying a lot of gold, as is Poland and others in the region ? It has me very concerned.
https://goldfundz.com/latest-news/h...gold-prices/

And speaking of PMs Ukraine is rich in Rare Earth Minerals, very rich with much to exploit. REMs are the future of high technology. Also its a huge food producer and has huge deposits of oil and LNG off shore in the Black Sea. All this is what Putin wants and what they are fighting over and a Democratic Ukraine in the EU would be a very important market for REMs for America.

Gold and lets not forget silver. Silver maybe even more so because people will be loath to sell off their gold. Most of all those late to the game and short on stacks, But silver has always been an important commercial PM and I believe its fairly cheap right now and a good time to build up stacks.

I try to buy some monthly even if its just rolls of junk silver as a hedge against any number of future things that could happen, price increases most of all. But History has a nasty way of repeating itself and I dont want to ever get caught needing a wheel barrel full of paper just to go to the grocery store. Its bad enough as it is.

World events appear to be heading toward a tariff war and a continuation of the actual one in Ukraine. I expect Trump to hit China with new tariffs next week and to resume weapons deliverys and targeting INTEL to Ukraine as well. Both of which will drive up the price of gold.

Ive given up what Putin intends to do. I think he knows anything short of victory will end up with him getting a bullet to the head and thats why he's amassing a new army of 50,000 near Ukraine's northeastern Sumy region, which include some of his best troops. He plans a huge summer offensive.

Which will drive up the price of gold.

It might trigger a NATO response "which will drive up the price of gold". China's Xi is calling Trumps bluff as his own military build up is going off the charts. The recent performance of his J-10 fighter Jet exports to Pakistan, and missilery, against India's French made Rafael's " a front line Gen 4.5 fighter" will only embolden him.

Which will drive up the price of gold.

Right now I wish I could afford a pallet of the stuff.

Never enough on the way up, always too much on the way down.

Boy what a difference a day makes. The markets respond to, I assume, the brilliant weekend drone attack by Ukraine on some of Russia's most sensitive airfields and strategic aircraft.