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First Half Of 2018: Gold $1200, Silver $15

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Pillar of the Community
leon1998's Avatar
United States
586 Posts
 Posted 06/28/2018  08:30 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
Gold $1246, Silver $15.91

Looks like Banksters not ready yet.

But $1250/$16 are major support levels; a bounce is overdued.
Edited by leon1998
06/28/2018 7:05 pm
Pillar of the Community
leon1998's Avatar
United States
586 Posts
 Posted 08/02/2018  9:46 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
One month after first half of 2018, gold is $1206, silver $15.25

wow.
Valued Member
kg5's Avatar
Australia
491 Posts
 Posted 08/05/2018  12:33 am  Show Profile   Bookmark this reply Add kg5 to your friends list Get a Link to this Reply
Gold & silver might be on the down side price wise in US$.

But in many other currencies it is not the case.
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everything's Avatar
United States
493 Posts
 Posted 08/05/2018  11:37 am  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
If you have a link or story please share kg5, thanks. I don't see metals as being cheap at all. 17 years ago silver was $5, 10 years ago it was $10.

10 years ago gold was $800, have things gone up 1/3 in price since 10 years ago, ummm, yeah I would say some things have! But, we are also fooled by decrease in quality in many consumer items as price stays the same. China and Russia are in a bit of a gold race at the moment, you can see this in how they keep adding to their reserves, buying/opening new mines. China also knows it can just buy the mines and leave the gold in the ground for now, gold is gold.

Central banks did not have such interest in gold prior to the last run up in price, now they do, and they are not doing anything with it, these central banks are just stacking it away in vaults, and the demand, it is not abating

https://asia.nikkei.com/Business/Ch...ing-projects

Valued Member
kg5's Avatar
Australia
491 Posts
 Posted 08/08/2018  03:54 am  Show Profile   Bookmark this reply Add kg5 to your friends list Get a Link to this Reply

Quote:
If you have a link or story please share kg5, thanks. I don't see metals as being cheap at all. 17 years ago silver was $5, 10 years ago it was $10.


Thank you for the question everything!

In Australia each night at News hour they have the financial report and in this report they have how the AU$ is performing with other currencies always being the UK EURO Japanese NZ & US$. And you get a real feel for how these currencies are going as the update is daily.That is if you are interested.Plus other financial info is of interest as well.

The US$ seems to be performing very well with their $ looking stronger against all other counties mentioned accept for the UK currency that is still weaker to the US$ but holding stronger compared to the rest of the currency examples offered.

So take silver prices at US$15.50 per oz but the same in the AU$ is 33% more costly.Our living expenses are basically the same.

Weather silver is cheap or expensive is only relevant to the eye of any given buyer at any given time.

Can remember Gold in 1970 at AU$25 per oz. Am not into rocket science with PM's just observations as an item of interest to me each night.

To me Gold & Silver are a waist of money. Have much greater fish to catch in the ocean I navigate than very sad looking PM's purchases v results for many years now.

PM's are still looking very over priced but who am I to say. Just an area of interest to understand what I am doing with my funds v their returns v how much work is involved in the maturing process to the end result.
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