Gold Price - Where is it heading?

[Captain_Chaza]

This GOLD caper is well above my paygrade
I just can't see any sense in it other than "Just another Ponzi Scheme "

Exactly the Same as Bitcoin except that Bitcoin may in time have a Global Relevance

The Correct Tack IMHO is not to be caught at the top

 

[greggles]

This GOLD caper is well above my paygrade
I just can't see any sense in it other than "Just another Ponzi Scheme "

Exactly the Same as Bitcoin except that Bitcoin may in time have a Global Relevance

This is The Lydian Gold Coin, also famously known as "Croeseid". It was first minted around 550 BCE by King Croesus in ancient Lydia, modern-day Turkey, and was the first gold coin ever made.

Gold has been a store of wealth and a medium of exchange for over 2,500 years. That's the opposite of a "fad" or "Ponzi scheme". Every other currency (other than silver) has gone the way of the Dodo. But gold is still here, still growing in value, and still eagerly sought by peasants, pirates and Kings alike as a way of hoarding wealth. It isn't going anywhere.

 

[Garpal Gumnut]

Gee, I'm getting a lot of videos in my YouTube feed about physical gold and silver holdings, supply issues and that paper gold is in serious trouble. All increasing over the past few weeks. I'm not sure if it's the algo picking up that I'm watching them, so it's feeding me more, or if there's just more.

The U-Toob bot watches what we post in the "Goold Heading" thread and then slays the other billion investors with catch up vids from so-called experts. Where we go, there goes GOOGLE and all the others.

Gold is steaming today in Aus and Asia, it will be over $2900 before the sun rises again over Magnetic Island.

gg

 

[Garpal Gumnut]

This is The Lydian Gold Coin, also famously known as "Croeseid". It was first minted around 550 BCE by King Croesus in ancient Lydia, modern-day Turkey, and was the first gold coin ever made.

Gold has been a store of wealth and a medium of exchange for over 2,500 years. That's the opposite of a "fad" or "Ponzi scheme". Every other currency (other than silver) has gone the way of the Dodo. But gold is still here, still growing in value, and still eagerly sought by peasants, pirates and Kings alike as a way of hoarding wealth. It isn't going anywhere.


View attachment 193001

Thanks @greggles .

Aren't they just beautiful. A joy forever.

gg

 

[Garpal Gumnut]

Closed above $2900 just some minutes ago.



A $50 move since Sydney opened this morning.

gg

 

[mullokintyre]

And in AUD terms, the chart is even prettier.
Not bad for a 'Pet Rock".

 

[greggles]

The final stage of the rush into hard assets has begun. The Great Economic Crisis of the 2020s is looming and central banks, preppers, high net worth individuals and an assortment of nerds and oddballs are stacking furiously.

Frothy overhyped loss making AI stocks are going to get ruined when TSHTF.

 

[Garpal Gumnut]

Once gold gets through $3000 the Chinese cousins both in the Central bank and Retail will buy it as if there were no tomorrow. As members may be aware they do attribute good and bad luck to numbers. There may be a pause at $3240 and $3400 followed by retracements and again a major pause at $4000 with significant profit taking.

Three and four are significant, 3 for good fortune and 4 for bad. Please don't get too involved with the ins and outs of Chinese small numbers as the Chinese cousins though numerous are not the only nationality trading gold in large quantities. I would imagine though that there will be a significant price rise of short temporal duration between $3300 and $3399.

The following paragraphs are from a trusty Feng Shui site, on numbers.

Chinese Lucky Numbers and Unlucky Numbers

Chinese Lucky Numbers and Unlucky Ones - Do you know the meaning behind them or you already using the auspicious ones for your house and car?

fengshuibeginner.com

Three​

Three is considered as a positive and meaningful number as its pronounced as “lively”, thus the attributes of growth and eternity are linked to this number. A favourite magical Feng Shui symbol comprises of placing three coins under a healthy plant in order to nourish wealth. Three is assigned to human beings.

Four​

In the East, four is being labelled as the most negative number and to be avoided at all cost because the pronunciation of “four” sounds like the word “death”.

Some number combinations to avoid​

24: It is easy to die

74: Go and die

174: Die together

End.

This post will be subsumed quickly as gold becomes more attractive to doormen and taxi drivers and posts become more numerous but I thought it worth mentioning for the benefit of those members with an interest in "Where gold is heading".

gg

 

[Dona Ferentes]

Once gold gets through $3000 the Chinese cousins both in the Central bank and Retail will buy it as if there were no tomorrow. As members may be aware they do attribute good and bad luck to numbers. There may be a pause at $3240 and $3400 followed by retracements and again a major pause at $4000 with significant profit taking.

Three and four are significant, 3 for good fortune and 4 for bad. Please don't get too involved with the ins and outs of Chinese small numbers as the Chinese cousins though numerous are not the only nationality trading gold in large quantities. I would imagine though that there will be a significant price rise of short temporal duration between $3300 and $3399.

The following paragraphs are from a trusty Feng Shui site, on numbers.

Chinese Lucky Numbers and Unlucky Numbers

Chinese Lucky Numbers and Unlucky Ones - Do you know the meaning behind them or you already using the auspicious ones for your house and car?

fengshuibeginner.com

Three​

Three is considered as a positive and meaningful number as its pronounced as “lively”, thus the attributes of growth and eternity are linked to this number. A favourite magical Feng Shui symbol comprises of placing three coins under a healthy plant in order to nourish wealth. Three is assigned to human beings.

Four​

In the East, four is being labelled as the most negative number and to be avoided at all cost because the pronunciation of “four” sounds like the word “death”.

Some number combinations to avoid​

24: It is easy to die

74: Go and die

174: Die together

End.

This post will be subsumed quickly as gold becomes more attractive to doormen and taxi drivers and posts become more numerous but I thought it worth mentioning for the benefit of those members with an interest in "Where gold is heading".

gg

8888 and 8899 ... how many numberplates with those numbers do you see?

 

[ducati916]

jog on
duc

 

[Sdajii]

Once gold gets through $3000 the Chinese cousins both in the Central bank and Retail will buy it as if there were no tomorrow. As members may be aware they do attribute good and bad luck to numbers. There may be a pause at $3240 and $3400 followed by retracements and again a major pause at $4000 with significant profit taking.

Three and four are significant, 3 for good fortune and 4 for bad. Please don't get too involved with the ins and outs of Chinese small numbers as the Chinese cousins though numerous are not the only nationality trading gold in large quantities. I would imagine though that there will be a significant price rise of short temporal duration between $3300 and $3399.

The following paragraphs are from a trusty Feng Shui site, on numbers.

Chinese Lucky Numbers and Unlucky Numbers

Chinese Lucky Numbers and Unlucky Ones - Do you know the meaning behind them or you already using the auspicious ones for your house and car?

fengshuibeginner.com

Three​

Three is considered as a positive and meaningful number as its pronounced as “lively”, thus the attributes of growth and eternity are linked to this number. A favourite magical Feng Shui symbol comprises of placing three coins under a healthy plant in order to nourish wealth. Three is assigned to human beings.

Four​

In the East, four is being labelled as the most negative number and to be avoided at all cost because the pronunciation of “four” sounds like the word “death”.

Some number combinations to avoid​

24: It is easy to die

74: Go and die

174: Die together

End.

This post will be subsumed quickly as gold becomes more attractive to doormen and taxi drivers and posts become more numerous but I thought it worth mentioning for the benefit of those members with an interest in "Where gold is heading".

gg

Numerology is basically absurd nonsense. There actually is a little bit of basis to it in some contexts, but the Chinese absurdity you're describing is completely stupid.

But, it's very relevant, because you have billions of Asians and even a few non Asians who believe in 3 being good, 4 being bad, 8 being good, etc, which makes it relevant. I'm in Asia most of the time, and while I've never been to China, I constantly see things like building floors 4, 14, 24 being labelled as 3B, 13B, 23B etc. (I find it funny when 14 is relabelled as a 'more lucky' number 13).

When you have literally billions of people believing in something which will guide their decisions, no matter how ridiculous it is, it's relevant to us. Asians are extremely superstitious and this guides their decisions particularly heavily when it comes to anything to do with what they do with money. In most of Asia, gold is very heavily coveted. It hadn't occurred to me that US$3,000 would be so relevant in this way, or that $4,000 may actually prove to be significant resistance, but once pointed out, I can clearly see it - being based in Asia myself it's impossible not to see once you see it, it's surprising I didn't join those dots for myself.

$4,000 being a tricky resistance level isn't a big problem when buying/holding around $3,000. Might set $3,887.99 as my new target!

We're a long way away, but $8888 will be a big one when it gets there!

 

[Sean K]

Two months of FOMO. $5K isn't all that far away for AUDPOG.

Must be profit taking / consolidation soon.

 

[mullokintyre]

Numerology is basically absurd nonsense. There actually is a little bit of basis to it in some contexts, but the Chinese absurdity you're describing is completely stupid.


We're a long way away, but $8888 will be a big one when it gets there!

You have to get past $4444 first, and thats really bad!
Mick

 

[Sdajii]

You have to get past $4444 first, and thats really bad!
Mick

Haha, indeed, that will be quite a hurdle, but it'll be a great buying opportunity.