iggypop

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

Current prices are ✅ and long May they continue 😉
not all understand the complexity of graphs so here is a bar chart explaining how much of a door has been painted 👌
a wonderful time to be a holder ⭐️

That's nothing, @James32 has a house made of gold! He's had to get some dogs to stop people scraping some off at night.. they don't do much though..

Someone earlier mentioned buying a house with their Gold. 
imagine these 2 properties 👌 remember reading the story a few years back coins and bars where stashed everywhere lol, 
removals man put his back out trying to move a simple sofa 🤣
not jealous much 🤣
 
 

Someone earlier mentioned buying a house with their Gold. 
imagine these 2 properties 👌 remember reading the story a few years back coins and bars where stashed everywhere lol, 
removals man put his back out trying to move a simple sofa 🤣
not jealous much 🤣
 
 

Someone earlier mentioned buying a house with their Gold. 
imagine these 2 properties 👌 remember reading the story a few years back coins and bars where stashed everywhere lol, 
removals man put his back out trying to move a simple sofa 🤣
not jealous much 🤣
 
 

Someone earlier mentioned buying a house with their Gold. 
imagine these 2 properties 👌 remember reading the story a few years back coins and bars where stashed everywhere lol, 
removals man put his back out trying to move a simple sofa 🤣
not jealous much 🤣
 
 

Someone earlier mentioned buying a house with their Gold. 
imagine these 2 properties 👌 remember reading the story a few years back coins and bars where stashed everywhere lol, 
removals man put his back out trying to move a simple sofa 🤣
not jealous much 🤣
 
 

WARNING: TL:DR
Is the current gold rush sustainable?
A better question:
Are the sovereign debts of the US, EU, UK and China sustainable?
Gold is essentially the inverse of debt - when debt accelerates, gold goes up
We talk a lot about China buying gold but don't spend a lot of time fully investigating why. Is it BRICS? Is it a communist master plan of de-dollarisation? 
No, the CCP and Chinese financial system are doing it out of necessity, same as the rest of us. China has printed more money than the western world combined. The Chinese are in a desperate scramble to swap their currency for something a bit more, you know, valuable, like oil (Saudis) and gold
The local and regional banks in the Chinese system have been instructed to stack physical gold as a hedge against their property market and manufacturing sector. That's why there's a premium on physical gold in China - they don't just want it for political purposes, they need that gold for their survival
Despite the insanity going on in the USA with a POTUS more interested in pronouns than profits, it will be China's currency that goes to the wall first. When you hear commentators talk about de-dollarisation and the end of American hegemony, don't forget the studies show the USD will be the LAST currency to fail. The USD might not survive a great deal longer than other currencies but the Euro, Yen, GBP and RMB will collapse before the USD collapses. 
The concept of de-dollarisation is global, global financial collapse. Peter Schiff talks a lot about the collapse of the US but fails to provide a credible successor, other than the usual talk of currency revaluation vs metals (making gold and silver stupendously valuable like buying a mansion for a tube of silver Britannias)
Many have posted here before that the ATH for gold when adjusted for inflation is well north of $3,000. We can hit $3,000/oz without breaking sweat. 
If we use shadowstats or alternative metrics we can say the inflation-adjusted ATH is actually >$5,400:
https://www.bullionvault.com/gold-news/gold_price_inflation_010620119
We can go well beyond that with debt creation and inflation, with market expectations for debt to accelerate when the central banks cut rates. The debt burden is unsustainable. The only tool available to service that debt is to erode the real terms burden with inflation -> pump gold. It's not just sovereign debt but the robustness of corporate debt in general is starting to worry people. The commercial real estate debt component is a ticking time bomb
Rate cuts will be global. Nobody will cut before the Fed cuts unless they specifically want to encourage inflation (like Japan) or have an economic crisis, but once our global overlord flicks the switch, everybody else will likely follow. 
There is an argument for the BoE not cutting, allowing GBP to appreciate and using that as a tool to battle inflation. The penalty for that might be domestic recession and financial burden on mortgagees and borrowers, including the government itself. We'd also be living in cloud cuckoo land, identifying as a nation that can service its debts without inflation. The ugly truth is that inflation is essential to all sovereign governments due to the chronic corruption and mismanagement of previous regimes over several decades. 
If gold kept up its recent price action (adding 8%/month) for a full year then gold would be close to that $5400 inflation-adjusted ATH
Will gold keep up this pace? Theoretically it can but it would require some sort of additional catalyst IMHO
I have no doubt gold will continue to go up and the price is justified, my worry is does everybody else know this? How much of the recent price action is speculative and can be reversed vs sticky long term physical stacking?
If gold is the ultimate security, a stable store of real wealth, it's hard to justify rapid appreciations without expecting some sort of reversal. If a rapid appreciation (2.5x current price minimum) is justified then it tells us that the global financial system is close to the end times. That has all sorts of ramifications with the most likely one being a repeat of the 1930s (Great Depression - WWII)
We will get a better indicator this summer. The current price action while fun isn't of great importance. If gold continues to go up this summer then either we go to the moon when the central banks cut or it's been a paper scam, buy the rumour sell the news. A more gradual appreciation of metals is preferable to manic price action that causes global instability. High volatility does not favour us, it favours traders and the super wealthy (volatility = profit)
Gold might temporarily make you a king (Rafi Farber-style) but gold is not for getting wealthy, it is for preserving wealth

Make if it what you may? Seriously big debts! Is this the plan to flip over to their CBDCs ? 
He explains it in layman’s terms something’s gotta give. One of the reasons? We are getting continued ATHs 
 

I can say with relief, I didn’t own any Kilo bars, sadly above my pay grade, lol  
hopefully the few Brits and Sovs I have don’t have any chocolate in the middle. 🤣

Stop fighting, you're ruining ATH day😭

 
 
 
 
 
 
 
 
 
 
 
Ah, never mind. They'll be another one tomorrow 😏 

A pie Chart of substance 🤣

A pie Chart of substance 🤣

A pie Chart of substance 🤣