Gold Price - Where is it heading?

[divs4ever]

BTW it is very hard to destroy gold with nuclear weapons ( unlike paper and computer systems )

 

[Garpal Gumnut]

BTW it is very hard to destroy gold with nuclear weapons ( unlike paper and computer systems )

Thank you @divs4ever.

That is extremely gratifying to know.

gg

 

[Captain_Chaza]

So from 1 tonne of gold ore you can extract grammes. The richest mine in the world currently extracts 44g/tonne. If we used that number then we have 31Mg x44 = 997 troy oz +/- x44 which is 35T gold x44 = 1540 tonnes of .999 gold +/-

Hardly worth getting that excited about. Further, it will not all be mined immediately, setting up a mining operation takes lots of time and capital. Further, this is Africa we are talking about...the corruption almost guarantees a total clusterf**k in the process.

So I'll just add:

Bought EQX 15mins ago:

View attachment 142953
October expiry, CALLS at $7.50 @ $0.24 x 10

jog on
duc

That's a Very Brave Call ! IMHO
and Many Thanks

However I fear that Triple bottoms are even unknown in CANADIAN WATERS

Albeit in American Dollars
My best of luck and Best wishes

 

[Austwide]

Does gold retain radioactivity from nuclear weapons, don't think so.
If it did would it be unmarketable and worthless?

 

[wayneL]

Does gold retain radioactivity from nuclear weapons, don't think so.
If it did would it be unmarketable and worthless?

It's not so much the direct blast refered to, I don't think. It's the electromagnetic pulse that would take out our whole electrical/digital network...

A few skekels worth of the shiny stuff would be handy to have in those circumstances

 

[divs4ever]

Does gold retain radioactivity from nuclear weapons, don't think so.
If it did would it be unmarketable and worthless?

only to those intending to trade it ( physically ) , to an optimist one might call it 'cheap anti-theft insurance ' ( assuming the owner didn't irradiate the gold him/herself )

now radioactive gold as an industrial commodity might be interesting a long ( half)life low output power source , maybe

the irradiated gold would be less attractive for normal commercial use , but surely there would be someone creative out there ( remember lethal does not always equate to useless )

 

[divs4ever]

It's not so much the direct blast refered to, I don't think. It's the electromagnetic pulse that would take out our whole electrical/digital network...

A few skekels worth of the shiny stuff would be handy to have in those circumstances

even a direct blast should allow the gold to be extracted and refined again ( surely it would still be at greater concentrations than 1 gram/per tonne in the surrounding area )

 

[againsthegrain]

only to those intending to trade it ( physically ) , to an optimist one might call it 'cheap anti-theft insurance ' ( assuming the owner didn't irradiate the gold him/herself )

now radioactive gold as an industrial commodity might be interesting a long ( half)life low output power source , maybe

the irradiated gold would be less attractive for normal commercial use , but surely there would be someone creative out there ( remember lethal does not always equate to useless )

Thats what you call a LT hold

 

[divs4ever]

Thats what you call a LT hold

indeed an asset , i hope to never NEED to liquidate ( am hoping similar for the silver as well ) , am hoping the copper will do any heavy lifting , needed

 

[Garpal Gumnut]

re. Direct Strike on one of gg's Gold bar reserve dug holes. Radiation and Gold. @divs4ever

I did a quick duckduckgo search and this is all I came up with. From 2003.

Re: If exposed to radiation, does gold become radioactive?

In summary it would scatter the Gold and it would be radioactive for a few days as the isotope produced has a very short half life.

To hit all my Gold most of Qld., WA and the NT would be uninhabitable. So I suppose it is a risk. Now where would be a safe place to dig...

gg

 

[divs4ever]

was that an electron-emitting bomb , or a neutron-emitting bomb ??

but in theory your hidden gold would probably stored in a metal enclosure ( reducing the rads exposure ) , but those preppers have some interesting strategies to avoid metal detectors , for other metal goods

 

[divs4ever]

most of Qld., WA and the NT would be uninhabitable

but , but , that is most of those regions already maybe you are just better off buying an abandoned scrap yard and dig there ( plenty of degrading iron to throw off the detectors )

 

[StockyGuy]

I always love a good apocalypse movie / scenario. There's certainly situations where would gold and silver would be the best wealth to have.

In ya real Mad Max-y / Book of Eli sort of times though, other things might be much more meaningful in promoting one's physical survival in this cruel world. These are often down to pure luck. Lucky ones might be those being lucky enough to be a big, physically imposing dude, a female of childbearing age, a mechanic (and tradies generally), people who have a big family around them that would be a clan of sorts, good hunters, people who own weapons, and so on.

You'd certainly rather gold than paper money or crypto (!) going into an apocalypse, but I'm not sure how useful it would be to any survivors in the event of a serious exchange of nukes between two superpowers. Even when its desirability returned, until there was a rule of law again, anyone who had it likely would not have it for long unless they could defend it.

 

[divs4ever]

the chances are SOME humans would survive for a while ( especially in remote areas ) BUT are they the sort of humans you would like to work with ( i would be thinking Eastern Russia and the Southern Hemisphere would have better short-term survival rates )

most scenarios would have the 3 NATO nuclear powers launching in quick sequence ( depending on if the UK fleet is seaborne ) , China would be they key here , i think they would really like to own big areas of the conquered West ( whereas Russian has enough of everything they want already , and too many 'unfriendly nations ' ) so China ( in my opinion ) would probably only launch as a response ( counter-attack )

 

[qldfrog]

the chances are SOME humans would survive for a while ( especially in remote areas ) BUT are they the sort of humans you would like to work with ( i would be thinking Eastern Russia and the Southern Hemisphere would have better short-term survival rates )

most scenarios would have the 3 NATO nuclear powers launching in quick sequence ( depending on if the UK fleet is seaborne ) , China would be they key here , i think they would really like to own big areas of the conquered West ( whereas Russian has enough of everything they want already , and too many 'unfriendly nations ' ) so China ( in my opinion ) would probably only launch as a response ( counter-attack )

US would let Europe and NATO launch and expects russia western Europe cleaned out.question. and bloody important now..is would russia also launch against American soil if attacked from Europe.and can they actually change target easily in silo.
In either case, gold ownership and price will become very much abstract theory :
with starving Indonesians flooding from the north, chinese military in charge of our mines and stranded Teslas blocking the freeways out of our capital cities , preventing our one team of sailors boarding our single trip ready Collins submarine to leave..
?

 

[qldfrog]

US would let Europe and NATO launch and expects russia western Europe cleaned out.question. and bloody important now..is would russia also launch against American soil if attacked from Europe.and can they actually change target easily in silo.
In either case, gold ownership and price will become very much abstract theory :
with starving Indonesians flooding from the north, chinese military in charge of our mines and stranded Teslas blocking the freeways out of our capital cities , preventing our one team of sailors boarding our single trip ready Collins submarine to leave..
?

Who does not like a book of Eli story?

 

[divs4ever]

IF Dead Hand detects what if thinks is a nuclear attack , IF the system loses contact with the Kremlin , IF certain other communications are interrupted ( one or all of these) a barrage of missiles are automatically launched and those missiles give the launch orders to all the missiles in the area they fly over ( i am guessing they already have preset targets , Guam , Okinawa , Hawaii etc , etc all the big military bases , and other high priority targets ) , that is something over 1,000 nuclear warheads ( this does not include the seaborne missiles or the new high-speed missiles .
in Syria and Ukraine Russia is launching cruise missiles ( nuclear CAPABLE ) in barrages of six from a freaking destroyer , and sets of 8 hyper-sonic missiles ( i am guessing they are tactical nuke capable ) from truck mounted systems )

before the second Iraq the US war-gamed it using Israel as the pretend target , now the general playing Israel started off with a multiple missile launch some of which were nuclear warheads ... and the US defense computer systems overloaded and shut-down and that is only Israel ( albeit 30 years back ) Russia has the capability of launching at least 10 times that , AND several other systems that would be human controlled with minimal electronic assistance ( because Russians always expect their electronics to fail at critical moments )

so the question is AFTER Russia has launched how good are the NATO missile defense systems given MOST nuclear and biological warheads are designed to be air-burst ( explode ABOVE the ground ) so the missile for Langley gets intercepted but detonates over Detroit or Chicago

i would also guess Russia would also send missile with conventional warheads in that mix just to overstretch the defense systems ( and attack stuff like fuel depots , rail networks etc etc )

now all this assumes China and North Korea sit on the sidelines ( or be late to the party ) and it is Russia against NATO ( and the 5 eyes )

the result is the global economy is in one heck of a mess , power and communications likely disrupted , administrations collapsed , and without power and communications , a minimal banking system

now of course Russia could be bluffing this time .. but then again they are show-casing their hyper-sonic missiles in Ukraine , right after testing out the new cruise-missile systems in Syria .. maybe they have more of these than a few prototypes

 

[noirua]

It’s been a doozy of a month: Gold went straight down the elevator shaft five weeks in a row after an Easter bounce, while silver continued its sideways ten-year run.

Will things turn around in June? Host Craig Hemke sits down with Tavi Costa of Crescat Capital to break down the month’s gold and silver news.
15 June 2022

 

[divs4ever]

i wouldn't call that 'straight down the elevator shaft '

if gold had of tested $US 1,000 , well i would have conceded that gold had had a nasty fall ( after all plenty of big players are manipulating the price here )

now with gold and silver what happens if there is a complete disconnect between take-away price ( the one when you take your treasure home ) and the 'market price ' ( say a 50% premium for the real metal )

 

[Stockbailx]

Back on the subject of Gold? Looking at this morning sentiment For the AUD it looks encouraged by early indications to be up for most of the day, time will tell. On that basis I expect AU Gold price to remain on a low, currently consolidating price 2039oz. Gives me the intuition to say US Gold will be up today on back of a weaker USD...