Gold sure is having a day

[Joe Nation]

Last I looked, it was at $1,330 and climbing.

[elleng]

1. because

S&P 500
-0.31%
Dow
+0.01%
Nasdaq
-1.46%

[hlthe2b]

2. Can you give me a snapshot explanation of gold trends over the past year or so?

[Joe Nation]

3. Gold has been hanging around the 1280 price

This was a considerable jump considering last week it it 1278.

[panader0]

4. I can't eat it, I can't drink it and I can't afford it.

In 2000 I went to Stanley, Idaho for a friend's reunion. We took a tour of the
Yankee Fork Dredge:
https://yankeeforkdredge.com/
An amazing gold dredge, 72 six foot buckets working it's way upstream.
It took years to go just a few miles.
The gold prices at that time were locked in by the government, but was
worth more outside the US. Much smuggling ensued.
The structure itself is surreal.

[Joe Nation]

5. Gold prices are a harbinger of economic health

Not the only one of course but it also serves as a safe harbor for people that don't want to see their retirement accounts lose 40, 50, or even 60 percent of their values overnight. Even if you're not about to retire and can ride out the hit to your investments, why take the hit at all? Buy gold now, wait for the stock market to tank, and it will tank, and then throw everything back in to the stock market once it bottoms out. You get safety and grow on both ends.