Which Way For Gold? Up? Down? More Of The Same?

Yeah. I have some golden egg yolk on my face thinking it was just going to kiss an infinitely close lower side of $4K and retreat. Looks like she is living above that for now.

Well put it this way. If I could use my CC card without the CC premium I'd buy 2 or 3 coins right now. As things stand I could swing another coin even as I'm taking delivery of one today. On 2 Oct I ordered a brand new 2026 Britannia for $3,960 and right now the Gold ask is $4,050, $90 over what I paid not even a week after I ordered and I haven't even had the coin delivered yet.

The very same coin is right now going for $4,150 from the same vendor. $100 more then the ask I paid 6 days ago which I haven't even received yet. This is plain insanity and though I have the cash for another coin I have to ask myself do I really want to dig deeper into this morass ? Even tho I agree theres no end in sight other then the Govt. wanting to steal our gold again ?

But this isn't 1933 anymore. We'd have a civil war before people allowed the Govt. to steal the gold we worked hard for, which makes me glad I'm neither a soldier or a Policeman anymore. Not because I'd be part of this theft caused by reckless Govt spending for stuff like Guatemalan sex change operations and left wing day care in Africa. Because I would simply refuse to steal from my citizens as a tool for a corrupt Govt. I simply wouldn't want to be caught in the cross fire.

So whatever the end is I just don't see it. But you can bet that the heavy hitters at JPMorgan Chase, Goldman Sachs,Morgan, Stanley, and Pelosi/Clinton/Obama Inc are stuffing their pockets with the gold metal right now and burying it in their backyards. Most likely making the USSS agents do the digging.

Because frankly I dont see an end. There will be pauses but as we witness the death of fiat currency, even the almighty dollar that once ruled the world, I don't see an end. Not in our lifetimes. And I dont see gold as a hedge anymore. I see it as a solid investment. Anything that makes $100 for you, before it even comes in the FedEx, is an investment.

I would not put anything on a CC. Making money is easy when things go up (see .com stocks in 1998, real estate in 2007) until it doesn't. Holding when things drop 20% or 50% is more challenging for most.

I was in a Stacks Bowers office yesterday and they said pre '33 gold is coming in from everywhere. I was surprised to learn that almost weekly they have folks selling 20-30 double eagles. I also learned that silver refiners are not accepting new deliveries - they are still processing what they bought in the $30s. I think there will be a digestion period for a bit until supply and demand can find equilibrium. While premiums have eroded, I am trying to find nice vintage silver bars.

Buckle up, we are headed to prices never seen before. With the world awash in debt, only metals will save you.

All comments on fiat currency to the contrary, gold is outrunning inflation by a factor of 10. If you want anything, and you have gold to sell, sell the gold and buy what you want. Gold is giving you free money right now.

metals got slapped down today, eh? I wouldn't worry. dunno bout you, but I've kind of been expecting it. patience pays.

Gold is below $4k now. Load up, buyers!