GOLD

[Euler]

https://tradingeconomics.com/commodity/gold

I'm amazed, and somewhat delighted, to see Gold this high. But at $4k an ounce, is that realistic? When Gold rallies it usually means somethings up, so that's not idea.

But I got lucky here. I was forced to change a betting account with a large balance on it. They wouldn't refund to any source other than my credit card, so I had a large positive balance on that and decided to buy some gold, but only up to $2000, which seemed high enough.

Amazed to see it storm through the $4000 barrier, but any vertical chart line always looks like the underlying security has gone too far.

Strange times.

[jamesedwards]

I was discussing this just yesterday. Why is this spike happening? Normally such a steep rise would coincide with something obvious. Who is buying it and why? Is there something nasty on the horizon?

Screenshot 2025-10-17 134237.jpg

[Dallas]

The news story being pushed is it's due to the US shutdown, and although that may now be playing apart in it continued rise, this run started around 60 days at a time when very little seemed to be happening or have changed to trigger it

Its by far the sharpest increase over such a short period of time so does make you wonder what is really driving it and who knows what!

[jamesedwards]

Found this, which sounds logical to explain the general strength over the last few years, but doesn't explain the huge recent spike.

Screenshot 2025-10-17 135627.jpg

[Taff15]

Isn't it down to a couple of things clashing including:

1. The push to cut interest rates by several big economies, hence the investor diversifying their portfolios?
2. The Russians stock piling it, then possibly cashing in to fund their war efforts.
3. Trade sanctions/tariffs causing pain in many countries, and altering access to various global markets, so again diversification of portfolio. Note China and its minerals...
4. Several countries now looking at/experimenting with "de-dollarisation" and trading in gold instead of currency, particularly as a way around tariffs and sanctions.

Gold has always been the stability, but the price is getting a bit close to the jittery levels, watch out for a delay in interest rates, the dollar strengthening, inflation drops suddenly, or the share prices of the big players like arms manufacturers start to fall away... no more wars = poor performing share prices.....

[ShaunWhite]

The news story being pushed is it's due to the US shutdown, and although that may now be playing apart in it continued rise, this run started around 60 days at a time when very little seemed to be happening or have changed to trigger it

Not sure how much it's affected gold but the shutdown was inevitable after Trump announced his 'Big Beautiful Bill' a couple of months ago. And no sign of a resolution now that the swearing in of the new Democrat Senetor will trigger a vote on releasing the Espstein files. And the general chaos over there with DHS on the streets and the MAGA meltdown now that Rogan and Mad Marjorie 'space laser' Taylor Green are turning against Trump. Then there's inflation, the Qatar air base in Idaho, the $20bn gift to Argentina, Trumps mystery hospital visits etc etc etc. Even Fox and NewsMax are defying the new rules for Pentagon reporting publicly so it's all turning to dust.

Gold is a safe haven when the US economy is screwed and it truly is.

[Euler]

I think you can come up with various ideas as to why it's moving higher, but such a sharp jump is incredibly uncommon.

I got lucky here, but I can't help but think I should be selling. I just used the credit on my card to load up. But the price is near vertical at the moment.

[Naffman]

Even when you look at the chart from the last 30 years it’s gone completely exponential the last few months

[megarain]

I love to watch the pawn brokers in USA.

Apparently people coming into shops are 20 sellers of gold jewellery for every 1 buyer.

They just melt it, and make a turn.

For silver it’s about 5:1.

Dunno what that means.

[ruthlessimon]

Fundamentals matter less every year. The Buffett age is over - we’ve entered the Policy age.

Gold bugs are no different to crypto degens now - both betting on belief.

The world is leaving cash behind.

Those not “in something” face a tough decade as policymakers disrupt the natural business cycle at the first sign of trouble.

IMHO

[ForFolksSake]

Nearly £13bn wiped off UK lenders over US banking fears

[ruthlessimon]

US banking fears

Couple of rate cuts and QE should fix it. These banks are junkies

[ForFolksSake]

US stock market valuations now higher than just before 'The Big Crash' 1929? - according to “Shiller Cyclically Adjusted Price Earnings Ratio”

[ruthlessimon]

If you believe AI is a bubble, buy more Gold
If you believe Gold is a bubble, buy more AI

Pick your narrative poison. Maybe a swig of both tbh

[megarain]

As Gordon Brown is saying gambling taxes should be raised to fight child poverty, I thought it time to revisit his decision in 2002 to instruct the Bank of England to sell approx half of the UK Gold reserves at $276 an ounce.

That raised 2.3b quid at the time .. losing the country 36b at current value.