Loading ...At least I feel blessed to see some of the things we are seeing. Some of the things, maybe not so much too.
This turned out to be a strong day. Who would have thunk it?
@silverngold
The Adjusted Value Of Gold From 1980
I remember Gold hit $800/oz. A house back then was $40,000. Divided by $800 gold comes out to 50 ounces of gold to buy a house.
These days in my area houses are $700,000 (plus) divided by the old 50 ounces of gold puts gold at $14,000.
Today houses at $700,000 divided by gold at $4,387 comes out to 159 ounces of gold to buy a house today.
Also back around 1980 silver at $50/oz made a $1000 face value bag of junk silver (715 oz) at $35,750 so a silver bag could buy a house.
Today with houses at $700,000 here a $1000 face value bag of junk silver (715 oz) a bag of silver would have to be $700,000 or silver at $979/oz.
So, unless houses start dropping, the AU AG peaks should be $14,000/oz gold and$979/oz Silver. I also suspect after Gold gets back above $4400 we will never see $4400 again.
Captain Hook @ 13:4
Yes that would be the best thing for the American citizens. I’m a Ron Paul fan.
Here’s a few Blasts from the Past. Check out the dates of the last 4 posts. If you enter a question $120 Silver? in “SEARCH” on the right, you get past posts. Where did they stop Silver? Coincidence?SNG BTW, Where’s Richard 640?
Mr Copper….I have it on good authority (my own) that gold is going to $3666-$3672…while Silver goes to $118-$120 FWIW!
But with BlackRock now backing up the FED with worthless ETF’s, if you can’t hold your Silver and Gold in your hand…IMO you will in time be financially dead. FWIW!
Who would be stupid enough to buy gold and silver at these bargain prices when shortly you will be able to get it for, maybe, $20,000 and $120 or maybe not at all.
Remember that there are no markets anymore. There is only BlackRock and Aladdin, Vanguard, and StateStreet, and they control more than 50% of all ETF’s… and even the US Federal Reserve is using these Derivatives known as ETF’s, which are worthless empty bags of promises with zero assets, to prop up the worthless US Dollar.
All IMHO but better get these Gold and Silver PHYZ bargains while you can. IMO there are no fortunes to be made in these rigged market casino’s anymore…. except by the casino’s themselves FWIW!
Silverngold–I wanted to believe…r u saying $120 silver?
what’s the roadmap? Time frame in your best estimation–and that was a great chart!
Richard640 @ 15:59 “gold and silver as an asset class are dead”? I have a different opinion about them… and HUI!
Let’s start with HUI. IMO HUI will bottom this year at 166.67 and few will still be in this sector….but when that bottom is reached it will EXPLODE to HUI 1,000. How do I know? 166.67 X 6 = 1000. My HUI chart has been revealing this outcome for many years, and IMO we are dealing with the devil….Satan… in these End Times or Last Days!!
How about silver??? IMO silver is just waiting for the rest to come together and it will be ~$18 at its bottom. Then use the same method. $18 X 6.667 = $120 per ounce!
Again what my charts have shown for years……
Gold though will be more controlled IMO but it will not go lower than $1673.30 and it will top at ~$3672…..but WTHDIK??
Oh, and here’s a very interesting USA Watchdog from Greg Hunter for today. If you only want the gold and silver info just watch the last 15 minutes….but you’ll miss lotsa good stuff about all the current topics and concerns if you do that. Greg is the best IMO!!!
All The Best from Silverngold!
ipso facto @ 12:07
I think if the Pentagon stopped poking their nose into everybody’s business the world would be a better place.
Far better.
Cheers
Id like to have of these.
The ping sounds of different metals when testing silver coins for silver plated fakes. About a minute.
drb2 @ 12:23
LOL Don’t make it seize up and catch on fire! 🙂
Looks like they’re taking a run at the SM
thusly, taking a run at GLD, SLV and the miners. Also giving a boost to the dollar.
All makes sense to me.
@ Ipso – RE: your Ai Quiz Test
Hi Ipso,
Just for fun – I asked MS Copilot the same question.
It refused to answer !
Ai – NOT all the same
The Rabbit Hole@TheRabbitHole
the Caitlyn Jenner AI Test
- Grok 4.20 passes
- ChatGPT fails.
- Gemini fails.
Captain Hook @ 11:31
We should drop small arms instead of bombs, a few anti tank weapons. Let the Iranian people do it themselves!
Cheers
ipso facto @ 10:59
Word is they are not just going to let the Pentagon do whatever they want this time.
I don’t know what that means … nobody does … including the Pentagon.
Yes … interesting times.
Spit
Buygold @ 10:35
Are we blessed or cursed to live in these times? I guess we’ll find out! 
Captain Hook
“WW3” I think everyone is a little anxious about what might happen … especially those living in the ME! Are the Chinese and Russian ships still in the area?
ipso facto @ 10:16
That’s it … sell gold and buy the crap … America is saved.
They are constantly scheming.
It doesn’t work anymore.
Spit
PS Does WWIII start this weekend?
Ipso – of course they did
I wonder if people in this country are beginning to understand we are slaves on this land to unelected powers that don’t even live here.
Schwab app is down.
Buygold
Gotta like this action! Gold knocked down jumps right back. 🙂
KOW
Forget I said anything
Volatile
Crazy swings. Thought we were done 5 minutes ago.
Supreme Court overturns Trump Tariffs
Kablooey
Did this cause the spike down in gold?
It’s options expiry today …
… so the shares and ETF’s will not be held back by the specs next week … might even have a half decent close once contracts finish trading this afternoon.
Don’t be surprised with the wild swings out of nowhere.
Crazy buggers
What AI do you use?
The Rabbit Hole
@TheRabbitHole
·
Feb 17
Grok 4.20 passes the Caitlyn Jenner AI Test.
ChatGPT fails.
Gemini fails.
Yep
The Rabbit Hole
@TheRabbitHole
·
Feb 18
“Ours may become the first civilization destroyed, not by the power of our enemies, but by the ignorance of our teachers and the dangerous nonsense they are teaching our children. In an age of artificial intelligence, they are creating artificial stupidity.”
— Thomas Sowell
Just Bought some more NEM
While sale is on again. Sanity will return….
Dog