Gold futures just broke $3k/ozt

[haveagojoe]

https://www.wsj.com/livecoverage/st...e-1nTDETeaWNf0D3nnXKtP?mod=lctimeline_finance

$3k spot incoming?

 

[haveagojoe]

There it is!

 

[Marcel]

Gold will rise and rise and rise
(We all know why...)

 

[Alondro]

I must hoard all the gold dust from my prospecting spot!!

I have a whole 1/10 of a gram! (It's $9.60!! I could buy half a pizza!)

 

[haveagojoe]

Gold will rise and rise and rise
(We all know why...)

I know what you mean, and I agree, but honestly I think there are a bunch of factors all compounding in the same direction.
One major one is the fact that all over the world the rich are getting richer and the other options of places to park their cash are becoming less attractive.
There are very deep geopolitical reasons as well which I won't go into here, much more significant than the current surface-level uncertainty.

 

[AuggieDog]

Take a look at some of the Quantum computers in an image search. Back in the 60's, precision tech equipment was laden with gold and for good reason. These quantum computers are extremely expensive to build and have to be submerged in liquid cooling systems...I see a renaissance of heavy gold utility in these new frontiers within the tech sector.

 

[4metals]

For about twenty years (from roughly 1985 to 2005), the price of gold was somewhat steady, fluctuating between $300 to $500 per ounce.

I refined a lot of gold in that time period and made a lot of money. The rates from the majors have varied over the climb since 2005 but their margins have increased as well. A good time to be in the business.