Gold Continuing to Surge in Price

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(Edited)

Gold prices continue to increase. Inflation isn't cooling off, job numbers are still not ideal, and Bitcoin, some many consider to be gold's biggest competitor, is also making nice gains. The timing is odd, but all signs seem to be pointing to a gold price rally.

(Created with Bing)

If we look at the 60 day chart from Kitco, there really aren't any significant dips to indicate resistance.

Zooming out to the 6 month chart from Kitco, it's still showing an uptrend, albeit not as steep of an incline.

Looking at the 10 year chart, gold has been doing well and will likely keep doing well until governments can get inflation under control and rein in spending.

Part of me is happy to see gold cruising right along.

(Created using Bing)

The other part of me wants to see the price drop, so I can get more for less. Still, I should be happy with this uptrend overall.

With the price increases are you still buying gold, holding, or investing elsewhere? As for me, I'll still be buying. 🤑


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You received an upvote of 55% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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I won’t buy at these prices.

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I don't blame you. I just buy what I can, so I'm at least slowly accumulating.

!BBH

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I’m so far behind on my gold, I doubt that I ever hit my true goal.

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What's your goal for gold?

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(Edited)

My ultimate goal is 50 ounces. I’m not even scratching the surface on that yet. I’m not even in double digits yet. Quarter ounce don’t add up quick enough when you don’t buy regularly.

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I buy a piece of gold every month. It is not like I buy quantities or large amounts... so I will continue to buy gold. But I do shop around, and it is difficult to find gold at a bargain price these days.
!BBH

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Excited to see how things play out in every market !BBH !LOLZ !PIMP

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They may control Silver prices at this time but they can't always control the gold market. Too many countries are stocking up on gold for their reserves.

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Yeah, the gold market is far too large to manipulate, and even moreso now that the US turned many countries off from using the dollar after all of the sanctions imposed on Russia. It'll be interesting to see where we end up by the end of this year.

!BBH

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