Member
that's quite normal, but a lot of governments produce lots of debts too, Money has to be given to everybody in order to be elected, and people know how to play the " game " and milk the system for more ( more and more fake ) money, because the increase has nothing to do with increased production.Originally Posted by and4rik
Here in the happiest copuntry of the world the running year new debt will represent over 12 pct of the budget, so fiat production is a big industry.
Golditiki2+++
Member
Gold returns 2018-2023
Annualized cca 10 %....not bad at all.
https://www.buyupside.com/alphavanta...culate+Returns
Member
= more or less keeping up with inflation... but that is also the idea behind the " stacking".
Golditiki2+++
Member
Looking at the long term gold chart you notice a few things:
https://schrts.co/qaKbQXcg
----the long term moving averages are constantly going up
----gold has a jump in price, followed by a period of consolidation
(trading in the range)
I think that is what we call a "secular trend."
Member
Notice the action today.
https://finviz.com/futures_charts.ashx?t=GC&p=i5
~ 9 am 1,953 $
~ 2 pm 1,968 $ ie + 15 $
~ 4 pm 1,953 $ ie - 15 $
The small quakes (tremors) are followed by the big quake.
Member
It's interesting to see who buys gold. It's also interesting to see who produces it -
https://cms.zerohedge.com/s3/files/i...?itok=L6eabz2w
It's also interesting to see what happened to gold production in South Africa, after the big governmental shake up in 1990.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
Gold has an interesting zig zag chart (4 % min moves)
https://schrts.co/sBDuqCMM
Member
Costco is selling gold bars.
Fast. Gold is selling like hotcakes.
That shows that gold is going to go up.
https://www.cnbc.com/2023/09/27/cost...twitter%7Cmain
Member
Gols premium in Shanghai surged over 100 $
https://news.goldcore.com/gold-its-w...t-that-counts/
"Gold is a way of keeping your wealth out of the country while
still being in the country."
Member
For a (very) long term investor, the gold chart is actually looking great:
https://schrts.co/HjdBpJdx
The 200 DMA is continuing its uninterrupted march upwards
while the 50 DMA had a period of consolidation and has resumed
its march upwards.
Posting Permissions
Reply With Quote