Gold crossed the $2000 per ounce threshold. And sulver is over $25. WOW!
The first time it hit $2,00 was TODAY..!!! some seller may have been asking $2,000.. it it was not trading for that on the marketPrices vary by the minute, not just once a day. If the graph showed more data points, it would say it did. If the graph is simply closing market prices, then it may not. I check the price two weeks ago at 2,008.
Believe what you want. We'll just have to agree to disagree.The first time it hit $2,00 was TODAY..!!! some seller may have been asking $2,000.. it it was not trading for that on the market
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This is not a feelings based discussion. I do not "feel" that it just went over $2,000 ... the news, financial markets, gold reports, Barrons, etc.. all say it just went over. So you can believe what you want - I will stick to the FACTS.. and as we all know - "Facts do not care about your feelings"Believe what you want. We'll just have to agree to disagree.
I'm done here.
If we ARE going into a free float, I would look for the ratio between an ounce of gold and silver to narrow. They only pull about 850,000 ounces of silver from the ground yearly... and it is nearly all earmarked for technological usage which often consumes it, making it unrecoverable. The ratio of 65-1 we have been seeing for years certainly seems manipulated: it is a ridiculous ratio, both historically (15-1 on average) and given the present rapid consumption of silver. Hang onto your silver folks.The silver pros have been predicting that silver would shoot up at this time.
They said first it would have several dollar days, which it has.
Then in a week or so it would have $2 days over a week or so, then go to $5 daily increases.
After that it would be free floating to the moon.
We have already had one $2 day and today we had a $1.65 day.
Could it be that the precious metals are now more free floating rather than all fixed by JP Morgan?
I never thought either would be useful, or actually traded in much quantity during SHTF. Values set on items in short supply will be arbitrary and situational, just as you have described. PM's are a HEDGE. If a currency collapses, eventually it is replaced with a new currency. So far this has occurred every time. So, barring TEOTWAWKI, when the dollar collapses it will be replaced. PM's will then have protected your purchasing power as applied to the new currency. Until then... not much use. I hold gold and silver, but only because I had dollars far enough in excess of my preps, meaning: I can survive up to a decade on what I have stored. IMO PM's in quantity are for those who A) have already enough preps in place, and B) have many many excess dollars in addition, and C) have a high level of alarm as per our currency health or pending economic collapse.In my humble(LOL) opinion gold has reached the point where it is useless to a prepper for a survival purpose. It is so valuable that it is almost valueless. One ounce of gold is worth 80 silver dollars. Imagine that you want to buy a chicken and they want 25 dollars for it and will take a silver dollar in trade. Now, how well would it be to try and cut an ounce of gold into 80 pieces? 25 dollars of gold would be smaller than a BB. Would you sell your chicken for a TINY speck of gold in a survival situation? Right now it is worth 2000 dollars but I think that its value would plummet in a TEOTWAWKI situation. Your one coin will shortly not stand up very well to 80 silver eagles. I lucked out, I bought about 500 silver eagles when they were at 8 dollars a coin. I went for silver in 1999 just in case. I also bought a thousand dollars worth of gold at about 250 dollars an ounce at the same time.