Gold at 2500 CAD as bull market gets going

in #gold4 years ago (edited)

Well, THAT escalated quickly! Gold just hit 2500 Canadian dollars, another new all time highs!

Yes, silver is hot, but gold is certainly also in play, and this could be a long and dramatic PMs bull run. Gold is 1875 USD, approaching the 2011 peak of just over 1900.

A few months ago, I wrote:

After completing the run up to 2500 CAD or more, likely within months or even weeks, there should be a brief consolidation. Either a price correction or a sideways pause, before further resumption of the bull run. This move will take gold to ~3000 CAD and 2000+ USD.

I see no reason to revise that - it seems to be playing out just as I've been saying it would. I'm reminded how I was begging my family and followers to stack precious metals in 2010, when gold was 1000 CAD, and readily available. For some people, it's too late, and they're going to be left holding a tracking chip in their device (or body) to get purchases approved.

RIP American penny - soon

The push for a cashless economy continues to accelerate, with the coming demonetization of the penny - aside from nickels, the only good value left in American currency. How can money be "too expensive" to continue using?

CNN's announcement is quite disturbing and fallacious. "It will save money to kill the penny!" They clearly have no idea what money is.

And why would you stop minting coins during a supposed "coin shortage"?

And if we're creating trillions of digital dollars every week, to pay every essential service and employee and department and sector of the state, and supposedly to "fix the economy", then we have the necessary 72 million (with an M) to keep pennies available to those who need or want them, and keep the physical economy running.

The article also predictably mentions that "Canada did it, and that went fine". Garbage. Killing the penny was a sign of a dying economic system, and runaway inflation.

At the time, I said they would use our example to bring about the same thing in the USA and elsewhere. Now, here it comes. So get some copper and nickel rolls in hand, and never return another coin to a bank. Either spend them, or keep them, but never roll and return coins again, especially older pennies and nickels! Not even if they offer 5 or 10 cents on the dollar as incentive. It's fake digits printed from nothingness. Keep your real coins.

And if you can, stack yourself some gold and silver coins and bars, as private sound savings you hold and control yourself. Not advice, just something to research and consider in your investigations.

Keep on stackin',
DRutter

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This will all get very interesting very soon.

Gold coins used to have a $10 denomination. Now the dollar value of the metal in a gold coin wouldn't even fit unless you put it in tiny font size.
Imagine $10000 denomination gold coins. And that's just a start. People are going to notice the escalation.

LOOOL I was hoping somebody would post that as a comment!!
Classic.
Goldmember was on to something. (Other than hot hippie babes.)

I love GOOOOLD!

Yeah? It went up again today.... touching 1900 and looking to push through to new all time highs!

Oh yeah? The rest of us assumed you love GREEEEN!

Now today, CNN said "US Fed is literally begging public to return coins".

Gold was very strong into the weekend - 1900!
Next week should be wild.

Gold almost hit 2000 USD today, a new all time high. That's news!
And yet, it has a long way to go, considering the monetary trickery.

I'm just happy to see gold rise steadily. It means good times ahead for Silver.

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