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beachbumbob

(9,263 posts)
Tue Aug 4, 2020, 11:58 AM Aug 2020

Meanwhile GOLD breaks thru the $2000/oz level, establishing a NEW record and silver is at

a 7 year high. Why does this matter> People are reacting to what they see with the coming economic instability. This is the silence before the storm.

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Meanwhile GOLD breaks thru the $2000/oz level, establishing a NEW record and silver is at (Original Post) beachbumbob Aug 2020 OP
any idea when Publix is onethatcares Aug 2020 #1
.."And as long as the (virus situation) gets worse...all of that is bullish for gold," Budi Aug 2020 #2
Wow, at this point it's almost profitable to pan for gold now ansible Aug 2020 #3
K&R, and the equities continue to rise while all the "Get The Hell Out Of Here" alarms are going off uponit7771 Aug 2020 #4
And the Gold Dealers Would Love For You to Buy Some Right Now... MineralMan Aug 2020 #5

onethatcares

(16,165 posts)
1. any idea when Publix is
Tue Aug 4, 2020, 12:06 PM
Aug 2020

going to take slivers of silver and gold for grocery payment? Will they assay and pay spot and what will they give change in?

 

Budi

(15,325 posts)
2. .."And as long as the (virus situation) gets worse...all of that is bullish for gold,"
Tue Aug 4, 2020, 12:16 PM
Aug 2020

COMMODITIES
https://asia.nikkei.com/Business/Markets/Commodities/Gold-soars-to-all-time-high-as-dollar-dive-refuels-record-run

Gold soars to all-time high as dollar dive refuels record run
Silver also jumps on US-China row and expectations for central bank stimulus



Gold prices jumped to record highs on Monday as an intensifying U.S.-China row hammered the dollar and cemented expectations that central banks would continue pumping out stimulus to ease the economic pain from a worsening coronavirus pandemic.



With the dollar substantially weaker, "a lot of funds are moving into gold right now," said Edward Meir, analyst at ED&F Man Capital Markets.

"And as long as the (virus situation) gets worse, the market is discounting more stimulus for a longer period of time and in bigger quantities, and all of that is bullish for gold," he added.


The dollar fell to a near two-year low versus major currencies as a standoff between Washington and Beijing showed no signs of abating with both sides ordering the closure of consulates in Chengdu and Houston.

The COVID-19 outbreak also continued to worsen, with more than 16.13 million people cases globally and 644,836 deaths, driving expectations of more stimulus globally to ease the economic blow.

Gold tends to benefit from widespread stimulus since it is considered a hedge against inflation and currency debasement.
MORE...

Is THIS another reason why Trump will not slow the viral pandemic in the US?
Someone's profiting! And its not the average American.🤬

 

ansible

(1,718 posts)
3. Wow, at this point it's almost profitable to pan for gold now
Tue Aug 4, 2020, 12:43 PM
Aug 2020

I've found gold flakes literally right next to the highway to Yosemite, there's still gold in dem hills 'ere.

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