The GOLD scream room

[I Shrugged]

Gather round kids, while I tell you about the time I bought gold at $779 in 2008. It was a dark and stormy night, and the printing presses were running....

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Gather round kids, while I tell you about my dad, who bought gold for $300 in 1980. Inflation was almost 20%. Then Sheriff Volker showed up, and gold went nowhere over the next 20 years....

[yankees60]

Well past US$3700 spot

Saw today that it set record highs.

Someone keeps telling me that it'd be buying high. I keep responding that it could turn out to be tomorrow's lows!

We NEVER know!

[boglerdude]

bogleheads in shambles. Gold is dumb but wait Trump is dumb and America Bad now

Seajay's a busy bee over there for those getting bored

So, what would cause the Fed to bring the pain like Volker? Country isn't run by Men anymore.

[ochotona]

bogleheads in shambles. Gold is dumb but wait Trump is dumb and America Bad now

Seajay's a busy bee over there for those getting bored

So, what would cause the Fed to bring the pain like Volker? Country isn't run by Men anymore.

We will never see a Volker response. We will see yield curve control, financial repression, government debt monetization, currency debasement. What other options are there and are likely given any politician, R or D?

We're going to have a Liz Truss lettuce moment when the bond vigilantes start shooting. You can hear them racking the slides already. If that causes the financial system plumbing to freeze, it will get very ugly.

[dualstow]

I thought there was no political discussion allowed at B’heads.
Well, stocks have been on an absolute tear, so I don’t know that they’re in shambles.

On-topic: Gold hit US$3785 !

[welderwannabe]

bogleheads in shambles. Gold is dumb but wait Trump is dumb and America Bad now

Seajay's a busy bee over there for those getting bored

So, what would cause the Fed to bring the pain like Volker? Country isn't run by Men anymore.

Yes, and nosoniceunparticularman comparing gold investing to investing in lumber.

I do fund it funny that people at BH are suddenly worried about tips since the BLS commissioner was fired because Trump did it, but apparently totally unconcerned about the crappy reports they have been pumping out for years and years.

Yet again another 900,000 jobs evaporated in 2024 and early 2025, and this is on top of the almost always negative revisions I posted about prior.

[I Shrugged]

So, what would cause the Fed to bring the pain like Volker? Country isn't run by Men anymore.

It’s hard for me to imagine it being done. But you never know.

[pmbug]

China has their Golden Week holiday from Oct 1-8. The SGE/SFE will be closed. Gold historically dips during this week and then reverts. It could be a good buying opportunity.

[seajay]

I thought there was no political discussion allowed at B’heads.
Well, stocks have been on an absolute tear, so I don’t know that they’re in shambles.

On-topic: Gold hit US$3785 !

Shambles ... abattoir or butchers 'bloodbath' ... it is not, at least not thus far. Year to recent and the S&P500 is up 12.5% as does YTD the Euro buy 12.5% more USD i.e. in terms of Euros US stock are unchanged. Which to me shouts dumping of dollars for other currencies/assets such as Euro's/gold etc. Even the GB Pound is up 7% YTD versus the USD.

Sanctions on Russia and Trumps dynamic tariffs are a good reason to not invest in the US, too much uncertainty. As Russia/EU relations restore more stable opportunities will exist between Europe and Asia. Even now despite sanctions much of gas (petrol) refined in India is sourced from Russian supplied crude oil, where even Ukraine purchases much of its diesel/gas that was refined in India. As things transition so EU/other responses to Trumps declaration of economic war even against allies is inclined to see barriers erected - such as things produced in/supplied from the US not meeting standards/regulations, instated to match the US's apparent desire for isolationism.

Whether the US can glide path through that, or whether the bond vigilantes induce double digit yields/inflation ?? As much of foreign holdings of US debt is relatively low and in decline I suspect a glide path may be viable - left for Americans to cover the 37 trillion US debt (104 trillion of unfunded debt, 300,000 per capita) via years of austerity.