Gold Blast Offs and Blow-Off Tops
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- Опубликовано: 2 янв 2024
- Gold is up, so you know that means. More hype! We're seeing wild predictions of parabolic gold price action and also a few predictions of blow-off tops. Let's take a look.
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Thank you!
Gold should be over 3k. Smart money is buying. Gold is so undervalued.
Just started stacking, with a .9999 1oz Viking Gold coin from Norway, their brand new addition to gold bullions. Also, a 1oz Gold Maple Leaf in the mail. Now I hope to have a Buffalo by the end of the year 😅
As always great advice ty!
You're spot on. I just looked at gold prices for the last 6 months. It's totally a slow upward "buy the rumor" of rate cuts with the occasional tick down every time Powell tries to cool the rate cut chatter.
At my age, I will be happy to get back my original cost, adjusted for inflation. I would say if it hits $23-2500 in 5 years, I will be happy, but who knows where the economy will be in 5 years. A loaf of bread may be $50.
That’s more or less my goal too. Save in a way that stays ahead of inflation. Cheers!
There are reasonable analysts who say that dirty word "deflation" is possible given all of the HQ job layoffs. Inflation can be controlled with aggressive money supply management.
I don't see that on the horizon. I do see a high possibility of pissing most of that money supply into war, weapons and Police State thugs. For our safety., of course. Although DJI type drones with a few grams of plastic explosive are pretty cheap in the military procurement world. I'm afraid that saving the aircraft carriers from a Pearl Harbor attack we knew was coming was a brilliant plan in 1941. Today, building monstrously expensive hardware, like the USS Gerald Ford, is the classic "fighting the last war" conundrum. Actually, it's fighting 4 or 5 Wars ago. Hence the warning from Eisenhauer in one of his last and famous speeches.
A warning the USA, and the world, has failed to heed.
Thank you for the great video. I want lower prices to stack more before it’s gets too pricey. Slow and steady! Best wishes to all!
🤜🤛
I’d love to see a return to the 1700s but it’s not likely.
“The good ol’ days” 🍻
I agree, i just got into gold and would love to get a few ounces at a cheaper price before 2050 becomes the new floor but it looks like it already is. Well I have 2 oz of gold in different bars and coins anyway lol..
Britches is that you? What will be your new channel name this year? 😎
@@stevexracer4309 it’s just a matter of time. Right now we’re at the top and the 🇮🇱 story is wearing off.
Dude! 5 months since the last video! What are you doing with all of that free time?
Great video! Moral of the story. Don't buy into the fear or greed.
Agreed. Fear is the tool of those engaged in nefarious and evil purposes. Whenever it
is used, take a step back and look very carefully at just what they are trying to sell you.
I Love Gold up or down or sideways i cant buy enough. I love looking at it playing with it putting a coin on the bottom of my drink glass etc. Gold is fun and i get a lot of enjoyment out of collecting gold coins. Great hobby.
Thanks for your insight!
🤜🤛
Cheers!
I have no price predictions or fears when buying gold, I listen to the Leprechaun: ” You may think this line is getting old, but believe me son, I Want Me Gold!”. Thanks for another .99999 video Sir.. Life is good. God Bless
Thank you for saying what needed to be said, eloquently I might add, about these predictions out in public. No one can tell the future. The best we may hope for is an educated guess.
All prices go up before a recession then when people don't have spare money everything drops, but you need to look at the long term prices of everything
My problem with most gold price predictions is that they're essentially a run-around USD price prediction. If gold is $2,000/oz and milk is $4/gallon and in 10 years gold is at $20,000 and milk is at $40 nothing really changed except for the dollar taking a massive dump. The other problem with that is that most analysts got prices wrong when we had maybe one or two major market factors in play. Now we have over half a dozen between fed rate policy, the US national debt, global de-dollarization efforts, a hot war in the middle east that could become a regional conflict (sending oil and shipping prices through the roof), inflation, pending collapse of the CRMBS market (and God only knows what that'll do to banks and pension funds!) record physical demand from both private buyers and central banks, a pending global recession with China likely to face either a major depression or massive inflation.
Yeah. Professional analyst predictions aren’t based on runaway inflation, though. Those predictions come more from the “non-professional” analysts. 😄 Cheers!
Your 2nd sentence succinctly states the only real reason to own gold.
@jimmaag4274 yep. Preserving purchasing power and investing in PM leases/bonds are the only reasons to own physical. Any real investment income will come through miners and refiners.
Yeah. Thx CPT obvious. I think there will be a trap to sell off all personal gold holdings followed by GOVT confiscation. Welcome to the collapse of the Banana Republic…
boom sticks and chickens
I just DCA and chill. I don’t worry about the price and just keep buying a little at time. Hold my wealth for the long term. I love watching your videos though and anything I can learn about gold.
🤜🤛
@@stevexracer4309 Money in the financial world is like the tide, it rolls in and it rolls out. Over time, one can do pretty well. Time in the market beats trying to time the market almost every time. Sure, one can look back and pick just the right market timing to "prove" whatever they want but in the end it is the results we achieve that matter most. I did
not buy any gold in 2012 but did in late 2013 when the prices were getting pretty good. Since then, I have used DCA and bought in small increments, and my stack has done
pretty well.
@@stevexracer4309 theres always losers. Silver market, crypto, nft, stocks, etc.
Great video brother thanks for the info have a great week 🥃🥃🥃
Thanks Nate - you too!
Love your channel...
Could you please explain the consolidation idea?
it'd be great if gold rolled back to 1800.
i'm just not interested at current prices.
I get that but also know that real inflation is higher than the US Gov and Fed say that it is, so the US$ is getting cheaper very quickly. In this case, "cheaper" means what it can
buy, including gold. A cheaper dollar makes gold cost more dollars per oz. Historically, inflation has been about 2-3x what is so often reported as the official numbers. Given
that, $2100 gold is roughly equal to $1820 a year or so ago. Real inflation was around 15% and not the 9% claimed, without including food and fuel WHICH WE ALL MUST BUY!
The average for inflation over the past 15 or so months was around 13.5%, hence the $2100 and $1820 being roughly equivalent. So, what to do? I'm still buying gold but am
buying fewer ounces at a time, typically 2-3 ozs. every quarter and not 5-6 ozs. per quarter. My most recent buy was for 3 x 1 oz. gold Britannias, which are beautiful coins at
a reasonable premium. I don't even remember the premium I paid on the 1st gold I bought back in 2013. I just know that the price of that gold was less... a lot less... than it is
today. And so it goes with gold over the long term. Gold continues to rise, albeit not in a straight line, and the US$ continues to become ever cheaper, as one expects from a
sovereign currency that is based on ever-increasing national debt.
@@edb3877 I mean, I get all that. But. 1800 gold means I can buy more, soooooooo yeah I would love if it dropped more haha.
..my approach to stacking, all be it I only began moments ago compared to a lot of you, is slow and steady. it makes for an enjoyable journey and the destination will undoubtedly have its reward.
the fact that it is shiny and hidden away accessible only by me is also satisfying.
as usual thanks for the mellow environment and keep it up.
Great info and video as always, Very new gold buyer here, and My thoughts are just like that, waiting to see if it does drop to 1900, I have kinda the best of both worlds, From US and Live IN EU, the trade on silver is great , but again im so new... Silver has done well for me
🤜🤛
I'm waiting on mid January for the Chinese New Year. The buying of gold goes down during that time.
I remember when you had 20k subscribers. I’m proud of you man. Hopefully this year I can get my first gold coin.
Just started my gold stack yesterday with a 2024 1/4oz AGE. Should arrive around the same time as my tube of 2024 ASEs.
Thanks for the great content, looking forward to your thoughts as my gold stack grows.
Cheers! ✌️
Nice!
I just picked up my monthly oz
I was pleasantly surprised at the price 2145 after a $115 premium on a gold eagle. Happy day!
Same here, bought $40 higher at Apmex out the door though. May I ask where you buy your bullion?
Great video new subscriber here
Good take on wild times
while i am not looking to sell for a long time, i am still hoping to buy some each year to complete my goal and am hoping for drops but the hope for it to eventually rise is also nice.
🤜🤛
Muffin tops, LOL! Happy New Year 🎉!
HNY!
I want one of those coins that is in the front by itself. What Is it called? The thick one with the old re v erse of Saint gaudens.
Same old play as the market gets spooked and the selling off of the metal's. The mindset of the market and the commercial shorting I wouldn't be expecting much out of any commodity other than uranium.
Think we'd have to get below $2020 to be in danger of breaking out of the current uptrend. As we get closer to $2080 resistance level it's compressing the up and down cycles. I think a big leg up still looks more likely than a big leg down.
The count of Montecristo is my fav movie, awesome book you have.
One of the best books of all time. The movie cuts a lot of the good stuff. Cheers!
@@2is1goldThe version with Gerard Depardieu is the best version!! 😎
id like to see a drop off like 2022. 1650 !! its not easy for an avg person like myself to stack by ozt at these prices.
I don't think gold will run until the bitcoin bubble pops. If it pops then there will be a return to traditional assets like PMs.
I follow this guy cause he’s smart
Going balls deep on central bank funny money 😆 lol
Just a mere prediction. Stay the course!
What not buy silver since it is near ATH ratio with gold and silver ratios are lowest in years?
Selling stumps. HA! Thank you for the video and the Elaine muffin remembrance.
They're perfectly edible! 😂
As someone in the U.K. and bearing in mind the fact that British gold coins have lower premiums than Eagles and the debate over fractional gold which seems a good way to dollar average purchases each month , why there seems to be no interest in gold sovereigns which are less costly per Toz than almost anything other than full ounce Britannias.
I usually get 1/4 oz gold monthly i was only looking at sovereign coins earlier only 4-5g difference in weight cheaper aswell i might get 12 over the course of the year mix it up have a lot of the usual 1/4 gold eagles,maples,krugger,britannias,kangaroo ect, the sovereign's would be a nice addition to the stack..
Gold 3000 a oz between 24 and 25
Ya, but Ron's Dungeon calls for $10,000!!
Lol
Excellent shit
Ha!
Last I knew Ron only had a basement, nice to hear he has a whole dungeon now! Go 10k gold go!
Haha, must be a medieval theme. The dragon guy said gold did very well this year, but buy silver. The ratio blah blah. He lost me.
For the average investor/saver simply dollar cost averaging into your investments prevents you from making any rash or totally wrong decitions. If you are diversified into several asset classes and dollar cost average your way in it is highly unlikely you will ever lose your shirt.
I agree. My lifetime of investing non-scientific recollection suggests a 45 degree trend up or down is sustainable. Price prediction? I think $2,400 is doable, depends on the size of the recession we are heading into.
I hear a lot of people predict this or that. I ask myself does that really sound probable? As a result, I ignore 99% of the noise. Your predictions are admittedly 50/50 and can go either way due to unforeseen circumstances and are more on the mark than not. Keep up the great work.
Cheers!
Still buying every month. I need to stack more cash i think. Just did a video about my experience buying a gold bar from Costco. Probably wont do that again. LOL Not a comfortable experience. 🤣
I'll check it out. HNY!
@@2is1gold Happy New Year to you too! :-)
I opened the package with an NHC knife also.😎
I don't think the powers that be would allow for a drop in the dollar like that 9000 dollar prediction. Wages would never be adjusted to keep up with that. Valuations of everything would be chaotic
I don’t know if rates are the only factor, central banks are buying massive amounts. It may not make much of a difference what rates do if the demand globally is so high from the nations / banks with the money printers…Hindsight is 2020 but I’m glad I bought at 1630’s 🤩 the Lowest it’s been since I’ve been buying.
Yeah, net central bank buying is a boon right now.
Imagine what that looks like to those of us who bought gold below $1200, some even quite a lot below $1200.
@@edb3877 yeah that’s awesome I would be very happy with that price increase 🔥
Buy and hold
6 is 3
We tracked a better than 10% increase YOY for '23-'24 and that includes all of the silliness that happened with rate hikes. A 15% or better uptick for '24 is a conservative outlook. We'll revisit this in January 2025. The dips will come as the paper pushers cover their other positions. Cheers!
Soup for you !!! Amen Muffin tops !!!! Higher lows and higher highs
Ha!
If $9k gold happens., you’ll see $25 a gallon gas or milk... We’ll all be broke millionaires...
I said this before so I’ll say it again. Like purchasing gas at the pump, you can complain about the price but you need it to be mobile so you buy it anyway. I feel the same with Gold. Gold is a vehicle to get you places and obtain things that are tangible. It’s just a very attractive tool.🥃
Plan your dive, dive your plan...I'm not seeing or hearing anything that's making me want to deviate from my current purchasing plan...yet.
At current prices, I'll stick to one oz/month...if/when prices are in the $1900's, I'll buy ahead of schedule. At $2100/oz, pull back and reassess, realizing that assessment may very well be, "this is the new normal."
Sorry that this isnt on topic, but what knife is that?
It’s a Rockstead Higo II
The FED is dead...
Long live the FED!
With all due respect, Jake - dream on!
what blade is that?
It’s a Rockstead Higo II
Present...............
I disagree with you… the price has been suppressed for the last 50 years! It’s catch up time!
I see a dip over the next month or so. Afterwards, I think it will go up again to around $2150-2200 by the end of the year. I plan to buy some more gold during the dip. I have to pay off some credit card charges I made for Christmas. So, I might not be able to buy during the dip. We'll see what happens.
🤜🤛
@@stevexracer4309 This is why buying regularly in small amounts works so well for long-term assets. Smooths out the need for any nut kicking.
@@stevexracer4309 If gold drops down to $1600, I will be backing up the truck to buy! 🙂
I'm not a financial advisor, but i will say. I'M NOT F*XC*ING SELLING!
I hope the Minors play works in 2024. Always like your videos.
As it always stated on the sensible, non- FOMO ( fear of missing out)channels Know why you are investing in metals. Have budget and a plan. Sure I watch the prices go up and down. Only reason for that is best guess ing on when to by more or sell the “mistake” purchase ( like buying at a price spike and having to wait to break even
or with less loss). My plan is to stack for emergency,
retirement, and to enjoy a fun hobby. The fear driven channels are click bit. They need to keep the traffic up to get paid not to provide common sense approach that 2is1 explains. Keep up the good work!
"We're seeing wild predictions of parabolic gold price action". When do we NOT, year after year.
A lot of people love going out and blowing 500 or more on a night out or dinner i ratger stay home n cook and buy a coin that will stay with me 4 eva abd gain value. Gotta do what you love enjoy your steak folks.
More people are stacking Gold Silver stocks Bitcoin are too volatile Gold and silver have been a good store of wealth for thousands of years before stocks cheers 🍻 mate regards from stewy Hudson and Family Birmingham city England 🇬🇧 👍 😀 👏 👌 🙌 🇬🇧 👍
Silver 35.00 an ounce...Gold .. 2600 and oz..2024...Think Big ...or Go Home..!!!
I think bitcoin will have a blow off top first because of the press it gets and the professional ownership /institutional following it has. “The Street” will have to be involved to create a mania large enough to cause a parabolic move in gold and that won’t happen while bitcoin is trading like it is.
I'd personally be happy with $2100 by the end of next year. I don't need, nor do I want, a fast run up in the price. I already heard a bullion dealer predicting even lower premiums for 2024 than at the end of 2023. If there's a massive run up I suspect it could start impacting dealers who are already buying quite a bit of product over the counter. I know the dreamers want those big spikes but the repercussions of a move like that might not be so pretty
Yeah, I’m with you. I’m expecting a bit more than that, though. Cheers!
Agreed. A slower and steadier pace appeals to me more than sudden violent moves. I suspect that it does to most adults, while the kids are into sudden and violent. 😉
Not so fast.
I like muffin tops too. Just sayin.
Any price below $2000 Dosn't mske sense .
💪🍺
🍻
1740-1860 range would be ideal...😊
Do you think scratched gold is just as valuable as a proof quality piece of gold at the same weight
No
@@abrahams.lincoln6749 If and when gold goes to heights never seen before, people are gonna get the melt value if that no matter what
The WORLD is heading back to a gold standard... sooner than later
@@_outofphase5480 Central banks around the world are literally hoarding gold.. India bought 300 tons of it back in October.... China did the same before that.
I'm not sure how much more "indication" you need. 🙄
@@_outofphase5480 The BRICS would have to use a gold standard to dethrone the dollar.
What happens to gold prices if we go back to a gold backed currency?
In this day and age of money printing gold backed currencies will not happen...
@@user-st8bk4sk9i I don’t mean actual gold currency. I mean gold backed currency. Whatever is used for trade is backed by precious metals instead of nothing as it is now. There has been a lot of talk lately of that being a possibility.
@@user-st8bk4sk9i The Romans tried diluting their gold with copper and their silver with lead and / or tin but that failed when sharp-eyed merchants caught them in the act.
They devalued those coins because of their lower gold or silver content. Today, we do the same via over-printing the currency. The end result is the same, however: a failing
currency. No currency that's ever existed can survive unlimited debt and unlimited printing. The kid in the candy store approach to finance is not only unworkable but it's
never worked. They ARE trying this anyway but the end result is 100% predictable... failure. Those who have some hard money assets, however, will do just fine if they can
survive the violence that occurs when people are starving and rioting. Not saying that this will occur but the odds seem to be moving in that direction. Heck, there are people
starving in various countries now, let alone during a global financial crash.
Will never happen
Who knows??? Nobody.....
Let me know what it blasts off.
Hello 😊😊😊😊
Excellent video
It's me Arafat!
Using My lovely 😊 sister phone.
She's your Fan as well. Sorry My Smart phone no longer available.
Therefore don't worry I will keep watching your videos through my sister phone or my lovely phone 😊
Where is the best place to purchase gold and not get ripped off
Your LCS will be your best bet. Otherwise online dealers such as SD Bullion are the best
My favorite of all of them is Bold Precious Metals & Liberty Coins. Lowest online prices that I have found.
🌎🗿™️
Isn't Russian gold currently under sanction since June of 22? I imagine once the Ukraine War comes to a settlement, sanctions and bans against Russia, including Russian sales of gold and diamonds to the G7, should also come to a close as part of a peace treaty. In turn, that should in theory increase the supply of gold in the market, and I imagine Russia will want to exchange some of its gold for exchangeable goods. I'm staying out of the gold market for now.
Fed just got a call a recession and metal will crash hard. Who owns Jerome Powell? W E and F
This video didn't age well. Not even 2 hours and the title is completely wrong. Actually I think it was wrong before the video was posted, the channel creator just didn't want to make a new vid to waste another 10 minutes of everyone's time.
You clearly didn’t watch the video or read the title for that matter. 😂
100%, this is garbage
Sell sell sell
Seeing that gold is artificially inflated to compensate gold miners, for giving away their silver byproduct below cost, gold will be the better buy until that comes to an end. All of this normalcy bias is sickening. When the manipulation ends, silver will outperform gold 10 to 1 minimum on the first leg, than 10 to 1 again on the second leg. In the 1960, it took 115oz gold to buy a new Corvette, today it only takes 45oz. This principle applies to all real things vs gold. When this BS system ends, you'd make more profit holding copper, silver, nickel, etc etc etc, as gold goes back down to where it should be. Come on! Silver is coming out of the ground vs gold at 7 to 1 but is priced at 87 to 1... This will not last.
Gold is a scam 🤣🤣 good way to lose money