RE:RE:RE:Range bound
braindeadoldguy wrote: I am worried about something else, the built in premium for the war. If that ends, we might see a $ 200.00 to $ 300.00 drop, and very quickly, with mayhem in our gold stocks to boot. I hope gold cracks $ 2,000.00 on inflation concerns before that happens, but it's a worry, that's for sure.
Cheers
Even if the war in the Ukraine ends tomorrow and I hope it does but the damage is already done. You older guys think back to the 70's and the oil embargo and how long it actually lasted. I'll let you think about that one and I'll respond later. I was just talking to a guy in the forestry business and he says he is spending huge amounts of extra money in diesel right now. Almost to the point where it doesn't make sense to be at it.
All Commodity prices are at or near all time highs and governments want people to stop our traditional way of life it seems and live a green and cleaner way of life. The cost of this transition to solar, electric cars and wind power will be absolutely huge and take a very long time to happen and the eventual outcome will be poor. Just look at Germany as an example for the world. Inflation is here to stay for years and years unless they start cooking the books again being reckless with the truth. Bottom line is the damage is done and the price of gold is going much higher regardless of what happens in Ukraine.