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(UPI)   Gold is, well, gold   (upi.com) divider line
    More: Interesting, Dow Jones Industrial Average, Disney stock, Netflix stock, Monetary policy, NASDAQ, Spot gold rose, earnings report, additional federal stimulus  
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697 clicks; posted to Business » on 05 Aug 2020 at 12:03 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



19 Comments     (+0 »)
 
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2020-08-05 11:03:47 AM  
Gee, I wonder why.

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2020-08-05 11:10:39 AM  
A heavy, shiny and nearly useless for anything other than as a poor semiconductor?
 
2020-08-05 12:09:18 PM  

iheartscotch: A heavy, shiny and nearly useless for anything other than as a poor semiconductor?


I imagine gold would be a poor semiconductor seeing as how it's a conductor.
 
2020-08-05 12:21:42 PM  
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Money will always be paper, but gold will always be GOLD!
 
2020-08-05 12:31:12 PM  
It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?
 
2020-08-05 12:34:17 PM  

We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?


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2020-08-05 12:45:23 PM  

We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?


Assets are getting bid up with the money printing. The levels here are insane in equities. Everything is catching a bid in financial assets. It's nuts. Gold and metals included.
 
2020-08-05 12:57:33 PM  

whyRpeoplesostupid: We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?

[Fark user image 299x168]


LOL. How Parker and his rinky dink operation have netted him 8M personally boggles the mind.
 
2020-08-05 1:17:38 PM  
I missed the gold rally just like I missed every gold rally for the last 50 years. I'm also planning to skip the subsequent dive and then not buy it next time it tanks.
 
2020-08-05 1:20:08 PM  

JohnBigBootay: I missed the gold rally just like I missed every gold rally for the last 50 years. I'm also planning to skip the subsequent dive and then not buy it next time it tanks.


Gold vs S&P 500. Y'all go ahead...

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2020-08-05 2:01:22 PM  

We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?


I bought physical gold  last year and a little past the Covid crash.  Yes, if I sold now there would be a nice profit, it's still sort of a lousy investment.  It doesn't pay any dividend and most years it seems to trade around the 1100 to 1400 level.  This run up is once a decade it seems.  More than anything it's just an insurance or hedge.
 
2020-08-05 2:14:35 PM  

SirEattonHogg: We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?

I bought physical gold  last year and a little past the Covid crash.  Yes, if I sold now there would be a nice profit, it's still sort of a lousy investment.  It doesn't pay any dividend and most years it seems to trade around the 1100 to 1400 level.  This run up is once a decade it seems.  More than anything it's just an insurance or hedge.


I picked up a small amount silver 1 month ago at $18.15/oz spot. Today it is almost hitting $27. Wtf. About 2 weeks ago tho, wsb started pumping silver. Glad i got in before they did/figured it out.
 
2020-08-05 4:11:16 PM  

We Ate the Necco Wafers: whyRpeoplesostupid: We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?

[Fark user image 299x168]

LOL. How Parker and his rinky dink operation have netted him 8M personally boggles the mind.


I would imagine he has a few pounds of gold stashed away for later too
 
2020-08-05 5:08:47 PM  
"We had no use for the yellow metal that made the white man crazy."

-Lakota Medicine Man Black Elk
 
2020-08-05 5:19:26 PM  

AsparagusFTW: SirEattonHogg: We Ate the Necco Wafers: It's certainly interesting given that the market is high flying and Treasury bond yields are rising.

Gold is typically a safe haven, but the overall market doesn't seem to indicate anyone's playing it safe right now. So who is moving into gold?

I bought physical gold  last year and a little past the Covid crash.  Yes, if I sold now there would be a nice profit, it's still sort of a lousy investment.  It doesn't pay any dividend and most years it seems to trade around the 1100 to 1400 level.  This run up is once a decade it seems.  More than anything it's just an insurance or hedge.

I picked up a small amount silver 1 month ago at $18.15/oz spot. Today it is almost hitting $27. Wtf. About 2 weeks ago tho, wsb started pumping silver. Glad i got in before they did/figured it out.


Nice gain.  I got frustrated with silver - at least physical.  It dropped to like 12, 14 bucks during the Covid crash.  You could buy it on paper but not the physical product as it was sold out and the dealers were all jacking the remaining supply to like 20, even 30 percent over spot.  So they're happy to buy the product off you at spot plus a small pecentage for certain coins, but won't sell to you when the price bottoms out?   Total BS.

I imagine its been okay in the past couple of months as the supply trickled back but it left a bad taste in my mouth. Sticking with gold.
 
2020-08-05 7:22:09 PM  

JohnBigBootay: JohnBigBootay: I missed the gold rally just like I missed every gold rally for the last 50 years. I'm also planning to skip the subsequent dive and then not buy it next time it tanks.

Gold vs S&P 500. Y'all go ahead...

[Fark user image 519x409]


If you bought gold in 2012 at around $1800, at this point you may have finally broke even, after many years of hovering around $1200.  Not exactly what I would call 'stable'.

I'm sure a house rose in value from the 80s, with the added effect you can farking live in it.
I'm just not sure how something that is priced just above where it was 8 years ago can suddenly go from 10000% return to 50000% return.
 
2020-08-05 7:25:50 PM  
Utterly worthless?

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2020-08-06 2:18:43 AM  
I'm up like 60% in IAU and I keep thinking I should sell. But stonks are also up and due for a correction when the money train stops. I'm so confused.

Money Train was a good movie for those of us who like those sorts of things, is my point.
 
2020-08-07 1:37:22 AM  

iheartscotch: A heavy, shiny and nearly useless for anything other than as a poor semiconductor?


Actually, gold is an excellent conductor.  That and its resistance to corrosion means it is indispensable in certain roles in electronics.  In fact, there was a time when the price of gold was rather erratic, and electronics catalogs couldn't give fixed prices for certain sockets and connectors--there was a base price plus an additional factor based on the spot price of gold at the time the order was filled.

It also important in medical implants and the chemical industry by virtue of being nearly inert.
 
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