Why the gold price is surging and what it tells us about global stability
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Dave's Office
Have Detector Will Travel
Well it looks like the gold price won't be going down any time soon with all the conflicts that are going on, and with probably more to come.
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Gold price in Aussie dollars
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It's not showing any signs of slowing down any time soon
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where will it go to $123 per gram now
There’s a certain very unstable guy hoping to gain leadership of a country with a huge economy. I think this is a big factor in why the price of gold is skyrocketing. Buy up if he wins.....because the 
will hit the fan. !
will hit the fan. !
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I think there are several very unstable guys running/ruining countries with huge economies right now and theThere’s a certain very unstable guy hoping to gain leadership of a country with a huge economy. I think this is a big factor in why the price of gold is skyrocketing. Buy up if he wins.....because the
has already hit the fan Yes, It has hit the fan, but it has not hit most people directly just yet, when it does it will be epic for those who who don't hold real money and real wealth.
I am surprised how few people are seen out there detecting for gold in Victoria's Golden Triangle considering that the price is at record levels approaching $4k.
I remember when I was a young fella around 1979/80 and gold hit $800 per ounce, I was travelling into Dunolly to look for gold and when approaching Sydenham Hill there were cars parked everywhere on the sides of the main road, so much so that it was difficult to find a parking spot.
There were people darting about the bush with all kinds of detectors , some nothing more that home made contraptions with coils latched onto on broom stick rods.
I wonder if we will ever see scenes like that again, or will it take much higher prices?
Considering that you could by a nice capital city house back then for $40k which today would cost you more than 20 times that amount I think gold is still very undervalued in relation to other assets.
Maybe $10k gold is when the next gold rush will start in earnest.
I remember when I was a young fella around 1979/80 and gold hit $800 per ounce, I was travelling into Dunolly to look for gold and when approaching Sydenham Hill there were cars parked everywhere on the sides of the main road, so much so that it was difficult to find a parking spot.
There were people darting about the bush with all kinds of detectors , some nothing more that home made contraptions with coils latched onto on broom stick rods.
I wonder if we will ever see scenes like that again, or will it take much higher prices?
Considering that you could by a nice capital city house back then for $40k which today would cost you more than 20 times that amount I think gold is still very undervalued in relation to other assets.
Maybe $10k gold is when the next gold rush will start in earnest.
Araratgold
Rick
Big difference is that there were spud sized nuggets everywhere back then.
Today, the remaining Crown Land has had 40+ years of being thrashed, and flypoop is now the norm !
Rick
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and also there are a lot of working families struggling to put food on the table and pay living costs
let alone have extra cash to buy a metal detector or for fuel to travel those extra km each weekend/days off to have a look
not find just to have a look
the money is better spent food and medicines if there is any spare
let alone have extra cash to buy a metal detector or for fuel to travel those extra km each weekend/days off to have a look
not find just to have a look
the money is better spent food and medicines if there is any spare
Apparently, canny hopefuls are now buying up goldfields land, combining property investment with prospecting opportunities:
Victorian prospectors have turned bush blocks in the state’s golden triangle into hot property amid a new gold rush:
https://www.news.com.au/national/vi...h/news-story/6908c38dc973d6e337f0599e2c770dd3
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Its also being used in more industrial applications these days so I cant see the price dropping until there is a glut of it
Dave's Office
Have Detector Will Travel
Well my meagre finds certainly won't contribute to a glut, that's for sure.
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well since the last screen shot I posted gold has been rising steadily and now a bit over $126.50 a gram
$4k coming soon, maybe as early as next week.
The BRICKS summit is happening in 10 days time so maybe that might be a catalyst for even higher prices.
Looking forwards to the next goldmania phase as the last one happened over 40 years ago for me and is now only a distant memory.
Don't worry anyone who cant find your own gold or buy gold at these price, invest in poor mans gold (silver) it will soon be coming along for the ride of a lifetime.
Hold on to your hats everyone who has the golden ointment and don't be tempted to sell just yet, this show is only just getting started.
The BRICKS summit is happening in 10 days time so maybe that might be a catalyst for even higher prices.
Looking forwards to the next goldmania phase as the last one happened over 40 years ago for me and is now only a distant memory.
Don't worry anyone who cant find your own gold or buy gold at these price, invest in poor mans gold (silver) it will soon be coming along for the ride of a lifetime.
Hold on to your hats everyone who has the golden ointment and don't be tempted to sell just yet, this show is only just getting started.
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up up and away, a bit over $127 per gram now
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