Gold Price

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it keeps going up. gold may be outlawed and seized again by the US Gov like FDR did decades ago.

Why would Trump do this?

Who knows. Wouldn't be up to just him either. He's just the figurehead of one branch of the government, not fully in charge.

Federal Reserve would be the one most likely to do it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it keeps going up. gold may be outlawed and seized again by the US Gov like FDR did decades ago.

Why would Trump do this?

Why was it done the first time? To prop up the paper notes. Fiat currency in all countries be like it be.

[Anonymous]

Anonymous wrote:Wow! You going to start seeing thieves targeting people on the street for their jewelry like they did in the 70s.

Most stick up thieves aren't very bright. But yeah, once it starts becoming a thing, it will increase the dangers of wearing gold.

[Anonymous]

Anonymous wrote:I checked gold prices two weeks ago, and it was like 3700. Going up 200 in that short amount of time is INSANE...are prices ever going to go back down?

It's inflation, and inflation rarely reverses. Now many countries "reset" their currency, which could happen, but in that case they may issue a recall on gold and to turn it in to the government.

[Anonymous]

Looks like gold has peaked.
Might be a selloff soon and prices drop drastically again.

[Anonymous]

Anonymous wrote:Looks like gold has peaked.
Might be a selloff soon and prices drop drastically again.

I’m pretty sure the being long gold is the play. We are going to cut rates more. We will have a hand picked Fed chief who could be Bessent and will cut rates more, as told. We have 37 trillion in debt and huge debt payments. Gold has paused for now with bullish news of a trade deal, rate cuts and QE coming, but watch Gold. It’ll go up this week with the rate cut. JP Morgan predicted gold at $5,000 an once in 2026.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Looks like gold has peaked.
Might be a selloff soon and prices drop drastically again.

I’m pretty sure the being long gold is the play. We are going to cut rates more. We will have a hand picked Fed chief who could be Bessent and will cut rates more, as told. We have 37 trillion in debt and huge debt payments. Gold has paused for now with bullish news of a trade deal, rate cuts and QE coming, but watch Gold. It’ll go up this week with the rate cut. JP Morgan predicted gold at $5,000 an once in 2026.

Seems to have stabilized about 4K/ounce.

[Anonymous]

Do you buy IAU and IBIT in your taxable or Roths?