I'll Sell When Gold Hits $1750

Gold is now $4200 per oz., and silver is $50 per oz.!

 

So my question is, is gold value increasing, or is the dollars value decreasing?
I suspect both.

 

Euro value is decreasing, dollar value is decreasing. I think the answer is both, but I’d say the value of fiat currency (all of them) is driving it.
Demand side components such as state purchases (China/India) as also working to raise gold prices.

 

For most of America's existence the value of an ounce of gold was $20, as in the $20 Gold Piece, that should tell you how worthless other forms of money are. 3/4 ounce of silver was equal to $1, or a Silver Dollar, which is now worth $38.

 

It doesn't make sense. Silver shot up and everyone has lots of inventory.
It's got to be factors unrelated to demand.
The everyone sold out in 2020, no one had any inventory and the price went up maybe 50%.
The price surged up nearly 50% during a time when demand in the US at least is normally down.

 

I'll call apmex first thing Monday morning and see if they're buying and what strings are attached, 1099, ect.

 

I've bought all I plan to for the moment. I'm currently ahead of my projected buying plan, and with silver at $57 per oz. and gold at $4200 per oz., I'll be on the sidelines till next year.

 

I'll buy
Back in when something gets cheap.

 

I'm just hoping that silver isn't $65 per oz. and gold isn't $5000 per oz. when I'm in the mood to buy again!

 

The thing with silver is it gets dumped onto the market as a by product of copper production. So when the economy is doing well and copper demand is high, silver demand is low more silver gets dumped on to the market faster.
When the economy is in the toilet, copper output is down, silver output is also down and the silver price soars.
Gold output is very seasonal. Wait till April when gold mining up north opens back up and an avalanche of gold hits. At $5,000 an ounce everyone with a gold mine is going to be mining, probably a lot of illegal mining going on at that price too.
I'm investing in primers. They're practically paying us to take them.

 

A good watch if you invest to hold wealth

 

Well all the platinum is gone.
Hopefully it will come back as silver some day soon at a ratio of about 1 to 60.
Or come back again as platinum at about 1 to 2 ratio.
The ruthenium price crashed out at like $400 an ounce. I missed that one, just forgot to check prices for several months.
I'll keep an eye on gold, silver, platinum, palladium, rhodium, ruthenium, iridium.