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Gold Hitting Record Highs


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On 1/31/2020 at 3:08 AM, KD0CAC said:

Why the term record high ?

It's about $400 under the record .

But I am going to go look for more 😉

Record high in $AU. Good Hunting.

 

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  • 3 weeks later...

The U.S. dollar is the benchmark pricing mechanism for the yellow metal .

The record high was about $1895 , some yrs. ago .

So still not a record high ?

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Gold is rock and rolling , $1648 in the USA.

Keep an eye on silver. Way undervalued at $18.50 an Oz.

It should start moving up faster soon. 

I'm still looking for $3000 an oz gold in a year or two. 

$100. silver

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22 hours ago, Redneck said:

I'm still looking for $3000 an oz gold in a year or two. 

 Be careful of what you wish for. If gold went to $3000 I would be out full time nugget hunting and I wouldn't have the time to contribute my insights and wisdom to this forum.

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If gold hits $3000 everything with a hint of possibility gets claimed up, no open ground left. Zillions of newbies would flood the hills. Issues would develop leading to more rules and regulations. Indeed, be careful what you wish for.

On the other hand my ground in Alaska would probably put lots more money in my pocket, so go gold! :smile:

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1 hour ago, araratgold said:

Just passed AUD $81 per gram, a new record in AUD ! Go you good thing !

Good thing all right, I got excited last century when it hit $10 a gram, dunno whether I remember correctly but gold come out of "moth balls" at about $5 a gram, something about it being "set free" from the $. Bought my latest 4WD with a 1.5kg smelt could've got two of em if I waited for today.

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The leading factor driving the gold price is the money printing by so many countries, including the US.  Of course the virus thing , and other problems are a contributing factor to the gold move, as well.

If gold hits 3000 and silver 100, I'm cashing my stock and metals investments and riding off into retirement.

Then I will become a fulltime  detector prospector forum troll!🤣

  • Haha 1
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