Gold is Doing Something Very Strange

Let's take a look at the strange cause of gold's wild new all-time-high price and where it could go from here.

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[FrdLf]

I didn't think I would feel this way but the higher gold goes I appreciate my coins more and like them even more and don't want to sell them. I thought I would want to sell for profit but I don't, I actually want to keep buying and stacking.

[ihavetofishable]

Gold is very conservatively reflecting and will continue to reflect the trillions being printed every few months. The REAL price should be 10X $2500...

[luckywinner]

Looking back around 2018 when you can purchase an oz of Au for $1, 350 or less, how many of you now wish that you could’ve purchased more instead of less at the time?

[edb]

Not 1st... lol I thought that $2400 gold was screaming for a pullback in price and it did blip down a bit but nowhere
near the $2200 I was looking for. If I didn't have a good sized gold stack already, I'd be disappointed by now. 😅

[romulus]

2is1 says $3000 gold in 2025. It’s official.

[danielcaissie]

I'm in it for the long haul...I've even started melting and refining my own metals

[fauxpainter]

I am more surprised that it hasn't happened sooner

[mikefish]

It's worth remembering that China's reported reserves of gold and its actual reserves of gold are probably very different. They probably don't want to reveal their hand until they have bought all the gold they need for whatever their plans are.

[tommystacker]

Surprised it hasn’t hit $2500 sooner- based on current world events, fear, and uncertainty.

[catherinewhitehead]

When you spend 2 hours of your wages just to stock 2 bathrooms with toilet paper..there's your concrete reason

[goit]

I bought a 1/4 oz gold Britannia shortly before the price jump for $638. Lucky timing

[DanMaul-ipis]

Kind of a false positive. When gold goes up, you can sell it but it really just means the dollar isn’t worth crap.
So you can sell gold and get good money but still can’t afford anything

[TimDiaz-js]

I believe Gold has the potential to go higher, because of the financial mess our Country is in. Also the world has plenty of issues.

[TheKATON]

Sure sucks not getting paid till Thursday. That’s how it feels. If it drops a little cool but watching it stay above 2500 and possibly rise while it only being Monday afternoon and I get paid on Thursday is anxiety fuel. I really don’t want to wait till god damn Thursday!… I make $30/hr. That might seem cool for many people. Where I live in CA (I know, kill me now) I’ll have to live on cream cheese spread on raisin bread and cereal for 2 weeks to pay my bills if I buy a simple quarter oz. This is the world we’ve entered

[Spirit-FilledMindset]

Gold should be way higher. Its manipulated. So its no surprise it went up when nothing happened.

[ArneHiga]

Planning to stack 20 oz Gold, 100 oz of Silver & 10 oz Platinum as a starting base. Then add to it a few ounces at a time annually. Gradual as opposed to buying all in at once is a better strategy given the frequent price fluctuations in precious metals. Its always best to buy small quantities in a dip.

[r.s.minton]

Markets have a peculiar fascination with the dummies on the FOMC.

[FourFistsdown]

Did most of my gold buying around 1500-1900 and in turn on dollar cost buying or holding out for a dip, this is both exciting and scary

[mr.b]

I feel like the moment I started following gold in 2021ish, it has done a lot of crazy things. Looking back at historical charts it was pretty steady till the covid era. Now it's just crazy

[bhargi]

Surprised it isn’t more with all the currency printing and inflation