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Gold hits another all time high, now over $3.400.

My favorite line Ronnie wrote:
"A million dollar reserve note, I have it here in my hand, but I can't stand the thing."

If there was such a thing as a million dollar reserve note, I wouldn't mind having one.
 
WaikikiFirst said:
Well, I guess China is dumping gold & hoarding US T-Bonds today!!!!!!! o_O:ROFLMAO:
People who actually believe the MSM all developed IBS a long time ago. Fool you once ...
Click to expand...

What it looks like is China sold millions of ounces of gold last week and bought millions of ounces this week. If they made $150 USD per ounce off the 70 million ounces that would have been a pretty nice gain.

Bill
 
easyrider said:
If I was an Advisor whose main investments were paper I would be pushing that narrative too.

Bill
Click to expand...

But what if that little "paper" legally gave you ownership of real estate, hotels, IT technology , banks, consumer staples, oil, agriculture, insurance,
airlines, health care, casinos, building products, restaurants, mining, packaged foods, publishing ..... and gold !

Amazing !

https://en.wikipedia.org/wiki/List_of_S&P_500_companies
https://www.macrotrends.net/2608/gold-price-vs-stock-market-100-year-chart
 
Brett said:
But what if that little "paper" legally gave you ownership of real estate, hotels, IT technology , banks, consumer staples, oil, agriculture, insurance,
airlines, health care, casinos, building products, restaurants, mining, packaged foods, publishing ..... and gold !

Amazing !

https://en.wikipedia.org/wiki/List_of_S&P_500_companies
https://www.macrotrends.net/2608/gold-price-vs-stock-market-100-year-chart
Click to expand...
But no effective way to affect how the business were run. . .
 
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Maybe the debate should be more gold versus bonds instead of gold versus stocks. On the macro level, the world's central banks are decreasing their holdings of bonds of other countries and increasing their holdings of gold and have been for several years.

On the individual and institutional level, Goldman Sachs has recently advised its clients that the traditional 60/40 split between stocks and bonds is dead, and they should be holding gold instead of bonds. https://www.zerohedge.com/news/2025-05-31/goldmans-case-pensions-buy-gold-not-bonds-6040-dead

Our own asset division is 75% rental real estate and 25% precious metals. Thank goodness for self-directed IRA's.
 
Carolinian said:
Maybe the debate should be more gold versus bonds instead of gold versus stocks. On the macro level, the world's central banks are decreasing their holdings of bonds of other countries and increasing their holdings of gold and have been for several years.

On the individual and institutional level, Goldman Sachs has recently advised its clients that the traditional 60/40 split between stocks and bonds is dead, and they should be holding gold instead of bonds.

Our own asset division is 75% rental real estate and 25% precious metals. Thank goodness for self-directed IRA's.
Click to expand...


for long term investing there really isn't a "debate"

gold_vs_stocks.jpg


https://www.macrotrends.net/2608/gold-price-vs-stock-market-100-year-chart
 
Carolinian said:
Maybe the debate should be more gold versus bonds instead of gold versus stocks. On the macro level, the world's central banks are decreasing their holdings of bonds of other countries and increasing their holdings of gold and have been for several years.

On the individual and institutional level, Goldman Sachs has recently advised its clients that the traditional 60/40 split between stocks and bonds is dead, and they should be holding gold instead of bonds. https://www.zerohedge.com/news/2025-05-31/goldmans-case-pensions-buy-gold-not-bonds-6040-dead
Click to expand...
That's a very misleading statement. In reality (direct from the article you linked): "The Precious Metals and Energy analysts at Goldman Sachs" suggested this new mix. That is a far cry from the whole firm making this recommendation. Of course the precious metals analysts are going to recommend their own product they are selling. :wall:

Kurt
 
PigsDad said:
Precious Metals and Energy analysts at Goldman Sachs" suggested this new mix.
Click to expand...
wherever you go, there you are! I think I may want to sell some of my GOOG. I recommend everyone shift to a 60/40 mix of GOOG/whatever.
 
The European Central Bank has recently noted that after several years of heavy buying by world central banks, the tons of gold held by central banks is now approaching the most ever held, which was in 1965. The period of central banks selling off gold as Canada with with all of its and the UK with much of theirs, has been over for years. The percentage of fiat currencies held by central banks is declining with the dollar still first and the euro third, behind gold. The euro used to be second.

Interestingly, five US states have gotten into the currency issuing business with "Goldbacks" - Utah, Nevada, Wyoming, New Hampshire, and now Florida. Each Goldback banknote contains gold foil equal to about half of its value. There is a conversion table to the US dollar and other currencies that is based on the price of gold. Currently, one Goldback is equal to US$6.76. One bullion company I deal with has recently been giving away Florida half Goldback banknotes as a bonus with every order.

image-4-1024x1024.png.webp
 
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Carolinian said:
Interestingly, five US states have gotten into the currency issuing business with "Goldbacks" - Utah, Nevada, Wyoming, New Hampshire, and now Florida.
Click to expand...
Goldbacks?!?!?! :ROFLMAO: :ROFLMAO::ROFLMAO::rolleyes: What keeps them from being oversold from the reserves? Sounds like a GOLDBRICK to me.
 
DrQ said:
Goldbacks?!?!?! :ROFLMAO: :ROFLMAO::ROFLMAO::rolleyes: What keeps them from being oversold from the reserves? Sounds like a GOLDBRICK to me.
Click to expand...

Each banknote contains actual gold in the form of gold foil equal to half its value. Personally, when it gets to a 100 Goldback unit, if I were buying it, I would rather have than 1/10th ounce in coin form than gold foil incorporated in a banknote. For me, I would always rather have a gold coin with a small premium over spot. I have been able to buy the US pre-1908 Liberty half eagles lately for about 3% over spot. I would much rather have those than Goldbacks.
 
Carolinian said:
Each banknote contains actual gold in the form of gold foil equal to half its value.
Click to expand...
Absolute trash. Reminds me of the late night coin deals on coins "layered" on gold.
Carolinian said:
if I were buying it, I would rather have than 1/10th ounce in coin form than gold foil incorporated in a banknote. For me, I would always rather have a gold coin with a small premium over spot.
Click to expand...
'zactly. Canada also has 1/20th oz Maple Leaf coins too.

I would think that the GOLDBRICK would be to easy to forge for unsuspecting buyers. Coins already have a counterfeiting problem:

Top 50 Most Commonly Counterfeited U.S. Coins | NGC

The top 50 most commonly counterfeited U.S. coins according to submissions to NGC.
www.ngccoin.com www.ngccoin.com

Counterfeit Gold: How to Spot Fake Gold? | GoldBroker.com

goldbroker.com goldbroker.com
 
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When in doubt
Do an Internet search

www.goldback.com

Whatever is happening
It is really happening

I am sure we will see some prominent family out of Floridia promoting it soon
 
Here is what is happening with central bank reserves. The central bank holdings of dollars have been on a steady downward path since at least 2017, dropping from 58% to 44%, but that has also been the case with other major fiat currencies including the euro, the pound, the yen, the yuan, etc. The second most held currency, the euro has declined from 20% of central bank holdings to 16%. What have central banks been buying? GOLD. Maybe some posters here know something that the central banks around the world do not?

USD%20holdings.png
 
Gold hit ANOTHER all time high. Overnight it hit $3,508 on the Asian market and this afternoon it is over $3,550 on the London market. Glad I made some buys a couple of weeks ago when a dip coincided with a big anniversary sale of one of the bullion companies I deal with, picking up some Liberty half eagles, British half sovereigns, Dutch ducats, and even a Louis XVIII 20 franc.
 
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