Barrick Gold Stock Discussion

Gong Xi Fuck Cai ❤ :

103370157 : the printing of USD 1T every 3 months plus will result in inflation that will cause many hard commodities prices to be higher

EZ_money : everyone knows JP Morgan associates were nonstop pushing the price of gold down shorting it for decades. they even been busted and paid fines for manipulation on gold. they lost control of that because China took over the gold market and probably owns more than the United States now. they are pegging gold to BRICs so they are allowing Gold to go to it's more realistic values

151604459 EZ_money : Dare say on top of that people are seeing BRICS as a direct threat to US dollar reserve currency trading. Also the USA debt of $36 trillion and money printing, and wars. People are seeing FIAT currency as holding a deflationary unit or money, crypto also barged in heavily last 10 years. Right now in these unsure times, untrusting of politics, fiat, moneymen/bankers gold is a safe place. It was tipped to go to 3K by many 4 years ago. The bankers are losing the fight with fiat USD as ordinary folk can just click on trading apps and shift their money unlike pre-internet days. So gold is benefiting from a more diverse landscape of choices than pre-internet days..... and likely to appeal with many ETFs in both physical gold or mining gold. the more people who shift their "lazy" money from 3% savings accounts to gold the more the price will rise

EZ_money 151604459 : I'm into physical probably went too heavy but sleep well knowing it's the only asset that's lasted for thousands of years in demand that could be used for buying when necessary so basically currency that's been in demand going way back to Sumerian civilization before the pyramids were built

Coach Donnie OP : $Barrick Gold (GOLD.US)$: I would not be surprised to see a replay of what occurred from the fall of 1979 to late January 1980. For the uninitiated, spot price of gold rose from around $250/oz. in mid August to $850 by the 3rd week of January! Since Au doesn't seem to be showing any intent to slow or alter its record-breaking course, and depending on what geopolitical and economic realities we end up facing over these next few months, I'm wondering if we could see 3000 by November, 5000 by December, and 8000 by January.
What that could mean for $Barrick Gold (GOLD.US)$  alone is anyone's guess at this point, but obviously it would put it at a presently unimaginable valuation.

102131911 : Gold is only up 30% after so so so long? I guess some just like it slow and steady like a tortoise.

103594316 : Gold prices would still be bullish until the end of the year with much sentiments from investors from uncertainties in the macro environment, tensions and change of policies after the US election.

Space Dust : Sales tax on purchases under $2,000 really puts a HUGE DAMPER on retail acquisition.
Also , the PREMIUMS! average people like us?, pay a premium and sales tax. on say for example, a 1/4 ounce gold coin every month.
LOOK at how much over spot is being paid, look at how much needs to happen.
for a break even point .