Gold yet another all time high

5,997 Views | 50 Replies | Last: 7 days ago by Dungeon Crawler Carl
Dungeon Crawler Carl
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BTW this isn't the gold becoming more valuable, it's the currency (aka US dollars) decreasing in value.

one year ago $2500
two years ago $1950


Don't worry, printing money always leads to economic prosperity.........
93MarineHorn
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Quote:



Detmersdislocatedshoulder
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93MarineHorn said:

Quote:







a picture worth a thousand words to those people who kept stacking.
Urban Ag
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AG
Detmersdislocatedshoulder said:

93MarineHorn said:

Quote:







a picture worth a thousand words to those people who kept stacking.

I love rubbing my brother's nose in it. I was buying in the 2000's for a number of years. He said I was reading too much Newsmax. He was probably right about that but not about gold/silver.
Dungeon Crawler Carl
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Silver is going to be the interesting one......

Heavily manipulated for the last couple decades via shorts and computer trading. Hasn't hit its 1980 or 2011 high as inflation is seen in every other commodity over the last 15 years......

Quote:

The Saudis jumped into SLV with $40MM (now they can withdraw physical silver).
https://www.kitco.com/news/article/2025-08-25/saudi-central-bank-buys-40-million-slv-and-silver-miners-its-not-what-you



Quote:

Russian Central bank is buying.
https://www.kitco.com/news/article/2025-07-16/russias-central-bank-may-be-boosting-silver-prices-through-undeclared



Quote:

US now listing silver as a strategic metal
https://carboncredits.com/u-s-releases-new-draft-critical-minerals-list-silver-and-copper-join-the-clean-energy-race/

The United States has released an updated list of critical minerals, highlighting the growing importance of metals that support clean energy, technology, and national security. This new list from the U.S. Geological Survey (USGS) and the Department of the Interior now has 51 minerals.

The draft recommends adding six mineralspotash, silicon, copper, silver, rhenium, and lead, listed in order of riskto the U.S. Critical Minerals List, while removing two minerals, arsenic and tellurium.


Silver is needed to make missiles, drones, EVs, and just about every other high tech item in the world.

Sims
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AG
Never had a thread like this before, fascinating!
Dungeon Crawler Carl
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Sims said:

Never had a thread like this before, fascinating!

You're going to be giving hand jobs for sandwiches if you don't protect yourself from the financial **** storm thats coming this fall......

Sims
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AG
Dungeon Crawler Carl said:

Sims said:

Never had a thread like this before, fascinating!

You're going to be giving hand jobs for sandwiches if you don't protect yourself from the financial **** storm thats coming this fall......



All my wealth is tied up in xbox games, american girl dolls and chicken nuggets. One of these days I'll buy some of that fair bullion!
Dungeon Crawler Carl
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You do you. Make sure not to make eye contact though, the sandwich transaction is a lot less personal that way....
Psycho Bunny
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Inherited my grandfathers silver collection when he passed. Silver prices are being held down by the power to be. Same with titanium and platinum. It's only a matter of time before those metals blow up.
Taxes are just a yearly subscription to the country you live in.
Dungeon Crawler Carl
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Sims said:

Dungeon Crawler Carl said:

Sims said:

Never had a thread like this before, fascinating!

You're going to be giving hand jobs for sandwiches if you don't protect yourself from the financial **** storm thats coming this fall......



All my wealth is tied up in xbox games, american girl dolls and chicken nuggets. One of these days I'll buy some of that fair bullion!


Gold was $3,599 20 days ago. How are those chicken nuggets investments working out for you?








This time it is truly different..........wake up.
Dungeon Crawler Carl
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just 36 days ago this stuff was $400 cheaper per oz.





Figuring it out yet?







btw its not too late, this is just getting started.

less than 1% of the US population have any physical gold.

All this price action is the big boys (Govts, central banks and large financials) building stacks........
Queso1
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AG
We will be over 4250 by the end of next week. 4000 was a threshold. The next will be be 5000. Then 7500. Then 10k. Then all bets are off. Your money is not real.

Silver is the interesting one because the banks have considerable exposure due to their manipulation attempts ultimately failing.

I will no longer discuss politics with you. I reject your premises and world view. I am finished trying to compromise with you.
Detmersdislocatedshoulder
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Queso1 said:

We will be over 4250 by the end of next week. 4000 was a threshold. The next will be be 5000. Then 7500. Then 10k. Then all bets are off. Your money is not real.

Silver is the interesting one because the banks have considerable exposure due to their manipulation attempts ultimately failing.





you are paying attention and you are correct abkut silver. all you have to do is look at the gold to silver ratio today, and historically to know something is amiss. jp morgan is one of the worst at the silver manipulation. the con is getting my closer to being up
Sims
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AG
I think your assumption is people either have a pile of cash sitting in their living room floor that they are just staring at OR they are buying gold. Your posts give no room for an alternative.

There are thousands of alternatives. If your investments are staying well ahead of inflation, then you're winning.

Many people treat gold investments as an inflation hedge...You could just as easily treat real estate as an inflation hedge.

The next position would be gold as a protection against hyperinflation, government failure...etc. I think that is perfectly fine for you to prepare for. It's not my base case, it's not even my pessimistic case. It's way down the list of possible scenarios in my opinion - at least in terms of an investable timeline.

Now let's say it does happen, and I'm completely wrong. Then wer'e talking about what comes next. We had fist fights in Walmart over toilet paper of all things. I just don't see a post-worst-case-scenario where the general public looks up and says, "Wow, we're in a real pickle here...Let's figure out what we're gonna do but don't forget, let's leave Dungeon Crawler Carl alone with his vast stores of gold since he was so prudent in his preparation."

Having said that, I've caught myself in my own criticism, I don't know if you have or haven't also built a fort, bought tanks, guns, stores of ammo, non-perishable food and dug a perdurable water source. You might just stand in Fort Carl flipping us all the bird, and good for you if that's how it all plays out.

DXY is not down 14%, it's down 9% for the year, up 6% over the last 5 years, up 1% in the last month. It's completely missing the mark to assume that DXY and gold can't and won't climb at the same time. That's my base case, for what it's worth. The dollar will get stronger vs other fiats, gold will get stronger vs the dollar. Ultimately, I think the dollar is the safest of the fiats and I'm perfectly happy to continue investing in things that I believe will outpace inflation and for myself, have some current utility.

Lastly, if I do end up exchanging handjobs for sandwiches, I'll do my best to come back to this thread and let you know...but honestly, if that happens, it probably won't be high on my to-do list.

Captain Ahab
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Sims said:

I think your assumption is people either have a pile of cash sitting in their living room floor that they are just staring at OR they are buying gold. Your posts give no room for an alternative.

There are thousands of alternatives. If your investments are staying well ahead of inflation, then you're winning.

Many people treat gold investments as an inflation hedge...You could just as easily treat real estate as an inflation hedge.

The next position would be gold as a protection against hyperinflation, government failure...etc. I think that is perfectly fine for you to prepare for. It's not my base case, it's not even my pessimistic case. It's way down the list of possible scenarios in my opinion - at least in terms of an investable timeline.

Now let's say it does happen, and I'm completely wrong. Then wer'e talking about what comes next. We had fist fights in Walmart over toilet paper of all things. I just don't see a post-worst-case-scenario where the general public looks up and says, "Wow, we're in a real pickle here...Let's figure out what we're gonna do but don't forget, let's leave Dungeon Crawler Carl alone with his vast stores of gold since he was so prudent in his preparation."

Having said that, I've caught myself in my own criticism, I don't know if you have or haven't also built a fort, bought tanks, guns, stores of ammo, non-perishable food and dug a perdurable water source. You might just stand in Fort Carl flipping us all the bird, and good for you if that's how it all plays out.

DXY is not down 14%, it's down 9% for the year, up 6% over the last 5 years, up 1% in the last month. It's completely missing the mark to assume that DXY and gold can't and won't climb at the same time. That's my base case, for what it's worth. The dollar will get stronger vs other fiats, gold will get stronger vs the dollar. Ultimately, I think the dollar is the safest of the fiats and I'm perfectly happy to continue investing in things that I believe will outpace inflation and for myself, have some current utility.

Lastly, if I do end up exchanging handjobs for sandwiches, I'll do my best to come back to this thread and let you know...but honestly, if that happens, it probably won't be high on my to-do list.



This post is largely poppycock. If you have a fort then you don't need a tank.
YouBet
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AG
I've completely missed the run up on gold aside from our jewelry. That sucks.

We do have a lot of silver and I have investments in a silver fund I made several years ago. After being stagnant for years, it has finally started climbing.
Yesterday
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AG
We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.
YouBet
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AG
Yesterday said:

We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.


Are you like a blacksmith? Can you make me some armor for the coming culture wars?
Logos Stick
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I own a bunch of GLDM. Wish I had more. Up 53% YTD.
Queso1
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AG
Yesterday said:

We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.


Why would someone sell gold and turn it into paper?
I will no longer discuss politics with you. I reject your premises and world view. I am finished trying to compromise with you.
Sims
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AG
Queso1 said:

Yesterday said:

We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.


Why would someone sell gold and turn it into paper?

If your investment thesis on gold is an inflation hedge, it doesn't matter if you have physical possession or not.

Paper gold contracts are also cheaper than physical since there is a premium placed on possessable gold.

If your investment thesis in gold is wealth protection in a systemic collapse, then yeah, paper gold would be a dumb idea.
Queso1
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AG
When I said paper…I meant US Federal Reserve Notes.
I will no longer discuss politics with you. I reject your premises and world view. I am finished trying to compromise with you.
Sims
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AG
Ah, in that case, see my comment above about utility.
Yesterday
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Because people who sell gold don't typically want gold in exchange. We have to sell the gold for cash in order to buy more.
Buck Turgidson
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Gold over $4k/ounce! Silver keeps inching toward $50. As I posted on a Business Forum thread, I'm excited for my gold & silver but increasingly I'm more scared about the purchasing power of my dollars. A lot more of my net worth is in dollars than metals. Gotta wonder if we're headed for a big spike in inflation soon.
TTUArmy
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When this wild AI bubble finally pops, it will be interesting to see what percentage of capital rotation rolls into decentralized assets like, bitcoin or physical PM's. Both are fairly small markets. Even 2-3% of institutional money would be colossal. Naturally, the old "Never bet against the dollar" crowd will pile into the bond market; driving yields into the dirt.
Yukon Cornelius
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AG
Why do you melt it? What are you melting?
BadMoonRisin
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AG
Im thinking investing in lead might be a wiser investment now than in my 401k.

I still have 25 years to go until retirement...
THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
TTUArmy
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Yukon Cornelius said:

Why do you melt it? What are you melting?

Might be a recycling gig? Extracting PMs from lower karat jewelry and other items through chemical and smelting process is a growing trend. People that know how to handle the chemical process, which is rather toxic, hit up estate sales, pawn shops, and garage sales for bargains and make pretty serious bank turning that stuff into .999 fine gold and silver.
TTUArmy
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BadMoonRisin said:

Im thinking investing in lead might be a wiser investment now than in my 401k.

I still have 25 years to go until retirement...

Never hurts to have some lead to guard the portfolio. With 25 years, you probably have the luxury of time to see the market burn and turn around again. It might be sensible to put a little in a rainy day precious metals or BTC fund on the side, but only if you can spare it. I've been throwing a little in physical PM's for several years and I barely felt it.

I will say that holding a 1oz gold or silver coin in your hand, knowing it will never go to zero, is pretty satisfying. Hard to say that about a $100 bill these days. Those things fly out of my wallet like bats swirling out of a cavern at dusk....and that's just a trip to the grocery store or taking the wife out to dinner.
Wheatables02
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AG
So what does a men's 10k Aggie ring cost this fall or next spring? Just gold, no diamond, no antique…
TTUArmy
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Wheatables02 said:

So what does a men's 10k Aggie ring cost this fall or next spring? Just gold, no diamond, no antique…

I know everyone has a budget, but this is a one time purchase that you/someone worked very hard to earn. Treat yourself/them and proudly sport your alma mater.
fullback44
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kind of off the subject a little but does anyone know where copper may be headed? been looking at some copper companies..
AggieVictor10
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My portfolio looks good. Thanks for ****ing with the dollar, donnie.
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