Member Info for deedee1

Just pointing out a fact stringer that there were multiple interests so can't see too much of a delay,who said they were gonna buy anyway and they're backed up by a very rich family

New Delhi:Gold prices are likely to rise again in the coming days with experts predicting even more golden days for the world's most loved metal in the next two years. Due to rising prices, some experts are anticipating short-term profit-booking pressure, but are also claiming huge profits from investing in gold in the future.Experts feel that the price of gold can reach Rs 1.25 lakh per 10 grams in one and a half to two years. Switzerland-based brokerage firm UBS has increased its gold price forecasts to 3200 dollar/oz, anticipating higher investment demand. In the same month February 2025, it raised the gold price target for this year to dollar 3000/oz in recognition of the robust demand from central banks for diversification of Forex reserves and ETFs as well.

That's if there is any gold in fort Knox don't worry elons looking into it :-)

Well at least the gold is:-)

Explanation

The BRICS countries are looking for a stable alternative to the US dollar.

The BRICS countries have been buying gold as an alternative to currency reserves.

The BRICS countries are considering a new currency that would be partly backed by gold and partly by a basket of their own currencies.

The new currency would be based on distributed ledger technology.

The new currency could increase demand for gold, which could increase the price of gold. Sorry I'm a bit bored

The gold sovereign coin was made legal tender in Saudi Arabia with an initial value of 62 riyals. Government begins stabilisation of exchange rate in relation to the U.S. dollar. Saudi Arabia adopted the gold standard. Implied exchange rate with the British sovereign coin was 40 riyals.

Even if the bubble burst on gold it will never be at the levels we see three or four years ago, in saying that a lot of countries in Africa are using the gold standard, I think even Saudi Arabia brought out a comment last month ,the trouble is gold has been withheld and manipulated for many years it's about to burst,$3,000 an ounce in the next couple of weeks, with bitcoin and coins alike this is nothing physical there it's just a prayer

What countries are on the gold standard today? Currently, the gold standard isn't used as the monetary system for any nation. The last country to abandon it was Switzerland, which severed ties between its currency and gold in 1999. Not coincidentally, Switzerland has the seventh largest gold reserve of all countries.12 Nov 2024

Gold buying China, Russia, Poland, Turkey, India, United States of America all by gold jewellery for festivals and weddings let alone the banks are now consuming, 15% more than pre-covid Russia Ukraine war. I should know I've studied gold for 22 years. What do I know though:-)

With a sea of blue this will take up at the end of day. I'm pretty sure of it. Maybe. But I do love the positive attitudes on here at the moment.

Ovs the market cap is so low and stagnant because there's no financing in place, once the ratification of AFC is in place they can then fund their side, finance in place the market cap will correct itself time will tell in the next six to eight weeks 😉 I was lucky to average down today 0.47 so happy with that :-)

At least gold is helping us grow today.

Mr Harrison you do blow hot and cold sometimes, yes we can only wait and see 🙈

When this pops you'll all go away, it's been a long slow ride with lots of obstacles some that are not how is fault, ok is that a fat salary lifestyle but if it makes money then so what, will find out a couple of months, for me it's a very strong buy at the moment and I will be in the next.

Greenbox.

Goldies punching high, what's a ridiculous price this is if he gets funding and the next two or three months this will re rate big time. Price at the moment it's a buy 😁

Agree health before wealth otherwise what are you going to spend on. I think when you get to my age and I've been here nearly nine years anything can happen.

NPV:-)

Gold is nearing its October high, and prices could move quickly towards $3,000.

Silver is on the verge of a significant breakout, with the potential for a swift rally through $35.00.

Gold miners have underperformed gold for years, but with prices still depressed, we see the potential for a violent slingshot move higher. So this is what I'm reading would be nice for nvp:-)

All I see is a lot of green boxes it's the way to go.