Gold is about to hit $3000 an ounce.

[the other mike]

Does anyone else remember when it was $300 an ounce ? It was just over 20 years ago around the time of our invasion of Iraq in 2003.

So my first question is, how's that audit of Fort Knox coming along ?

Will the price of gold hit $3,000 this March?

The price of gold is teetering near the $3,000 mark. Here's how it could break that record this March.

www.cbsnews.com

 

[Auld Phart]

Does anyone else remember when it was $300 an ounce ? It was just over 20 years ago around the time of our invasion of Iraq in 2003.

So my first question is, how's that audit of Fort Knox coming along ?

Will the price of gold hit $3,000 this March?

The price of gold is teetering near the $3,000 mark. Here's how it could break that record this March.

www.cbsnews.com

I remember when it was $60 an ounce.

couldn't afford it then either.

 

[justoffal]

Does anyone else remember when it was $300 an ounce ? It was just over 20 years ago around the time of our invasion of Iraq in 2003.

So my first question is, how's that audit of Fort Knox coming along ?

Will the price of gold hit $3,000 this March?

The price of gold is teetering near the $3,000 mark. Here's how it could break that record this March.

www.cbsnews.com

Unfortunately I get the nagging feeling that fort Knox audit and the Epstein files are both in that never gonna happen category.

 

[Mashmont]

Does anyone else remember when it was $300 an ounce ? It was just over 20 years ago around the time of our invasion of Iraq in 2003.

So my first question is, how's that audit of Fort Knox coming along ?

Will the price of gold hit $3,000 this March?

The price of gold is teetering near the $3,000 mark. Here's how it could break that record this March.

www.cbsnews.com

I bought ten $10 gold pieces in 1985 for $300 apiece. and three St. Gauden's $20s for $600 apiece. Sold them all. Wish I hadn't.
Now prices are completely ǝpᴉsdn uʍop

 

[Blaster]

I have Gold in my portfolio.

 

[Natural Citizen]

I've been stacking (real) metal since the very early 90s.

 

[Kruska]

Does anyone else remember when it was $300 an ounce ? It was just over 20 years ago around the time of our invasion of Iraq in 2003.

So my first question is, how's that audit of Fort Knox coming along ?

Will the price of gold hit $3,000 this March?

The price of gold is teetering near the $3,000 mark. Here's how it could break that record this March.

www.cbsnews.com

Based on current prices of just under $2,950 an ounce, that gold at Ft. Knox is worth about US $435 billion
In relation to the US State Debt of US$ 36 TRILLION - who cares?

 

[luiza]

Does anyone else remember when it was $300 an ounce ? It was just over 20 years ago around the time of our invasion of Iraq in 2003.

So my first question is, how's that audit of Fort Knox coming along ?

There are other locations for stored US Gold .
Allegedly .
Pretty sure any audits will not test for them actually being 100% Gold .

Are you aware that all alleged US gold is stored with a book value of $42.22 a troy ounce ?
Has not changed since 1973 .
Compared to $2910.50 spot, now .

 

[the other mike]

There are other locations for stored US Gold .
Allegedly .
Pretty sure any audits will not test for them actually being 100% Gold .

Are you aware that all alleged US gold is stored with a book value of $42.22 a troy ounce ?
Has not changed since 1973 .
Compared to $2910.50 spot, now .

Didn't we steal all of Iraq and Libya's gold to help cover it ?

 

[luiza]

I have Gold in my portfolio.

I mirror Buffet exactly though coincidentally .
Cash , mostly Gold and some Silver .

 

[the other mike]

I've been stacking (real) metal since the very early 90s.

Remember when gold chains and wedding rings seemed expensive ?

We have gold chains that cost 2 or 300 at pawn shops worth 3,4 5000 now.

Or gold could go back down.

 

[luiza]

Didn't we steal all of Iraq and Libya's gold to help cover it ?

I honestly do not know , though there certainly was a huge amount of carefully planned looting , particularly in Iraq by the usual Bully countries.
Truck loads from the museums .

 

[Natural Citizen]

Remember when gold chains and wedding rings seemed expensive ?

Oddly enough, no. Ha. I don't wear jewelry. Well, except a watch. Never messed wit h that kind of stuff as a commodity either, so...huh uh.

Or gold could go back down.

Its value is only beginning to be realized, in my view.

 

[luiza]

Oddly enough, no. Ha. I don't wear jewelry. Well, except a watch. Never messed wit h that kind of stuff as a commodity either, so...huh uh.



Its value is only beginning to be realized, in my view.

If there is a re-set based on a world recession and a dumped US $ , Gold will flourish like nothing else .
If we do move back to the Gold Standard I will be a multi millionaire . At least 50/50 imho .
She said modestly

 

[Concerned American]

I remember when it was $60 an ounce.

couldn't afford it then either.

I remember when Nixon opened it up in 1972---$38/oz. And nope, I couldn't afford it then.

 

[westwall]

I've been stacking (real) metal since the very early 90s.

I started in the 70's, ounce here, ounce there....it adds up.

 

[luiza]

I started in the 70's, ounce here, ounce there....it adds up.

I have bought nearly all of my Gold that way but from public Auctions .
Find out which Auction Houses hold Coin and Metal auctions periodically .
Over here there is a 30% mark up on final bid but there is always a very good margin left over versus the Spot price , and also the linked price that I would otherwise pay to firms like Kitko or Bullion Vault for delivery .
.
And often you pick up bargains because although you are buying one ounce Gold Sovereigns you are also buying into the separate market run by coin Dealers and Coin collectors .
So , for example , ,when I was buying Gold sovereigns at a flat £300 in auction , say $375 , I purchased an 1835 William IV Gold Sovereign for £500 ( $625). But when I bought it in January '24 it was worth £2250 or ca $2800 . And much more now .

So , over the years I have followed your method. A few Sovs and Half Sovs per auction.
And a few Auctions per year for the last 6 years soon brings along an interesting total .

It's 3Gs time
Go Gold Go .

 

[westwall]

I have bought nearly all of my Gold that way but from public Auctions .
Find out which Auction Houses hold Coin and Metal auctions periodically .
Over here there is a 30% mark up on final bid but there is always a very good margin left over versus the Spot price , and also the linked price that I would otherwise pay to firms like Kitko or Bullion Vault for delivery .
.
And often you pick up bargains because although you are buying one ounce Gold Sovereigns you are also buying into the separate market run by coin Dealers and Coin collectors .
So , for example , ,when I was buying Gold sovereigns at a flat £300 in auction , say $375 , I purchased an 1835 William IV Gold Sovereign for £500 ( $625). But when I bought it in January '24 it was worth £2250 or ca $2800 . And much more now .

So , over the years I have followed your method. A few Sovs and Half Sovs per auction.
And a few Auctions per year for the last 6 years soon brings along an interesting total .

It's 3Gs time
Go Gold Go .

The auctions are terrible for buying gold or silver. When you get done with buyers premium and tax you end up far over spot price.

 

[22lcidw]

Based on current prices of just under $2,950 an ounce, that gold at Ft. Knox is worth about US $435 billion
In relation to the US State Debt of US$ 36 TRILLION - who cares?

There are people that believe that gold is purposely kept lower price than it should. Men who call it a barbarous relic have gold for some reason.

 

[Kruska]

There are people that believe that gold is purposely kept lower price than it should. Men who call it a barbarous relic have gold for some reason.

Well - and there are others who say that Gold is presently kept at an artificial high level - via having vastly reduced gold mining. Applies even far more onto Diamonds.

I remember that loads of Gold mines in Colorado had been closed in the early 80'ies - to much cost to extract - and despite the huge price increase not many have reopened so far. !

IMO - Paladium might be the better alternative right now, since it is factually used in manufacturing processes far more then Gold and just three years ago it was at almost US$3000 an ounce as to US$ 950 presently. And keep in mind that in e.g. Europe fossil burning engines are being reintroduced as such replacing these batteries on wheels. (aka catalytic converters on the rise again).

If Trump continuous to shredder the global economy and that of the USA - Gold might very well surpass the US$ 4000 barrier.
And I could imagine that a lot of these Gold hoarders are betting on just that.