Uh ho, hope this is April fools (gold) joke

[fairdinkem]

If you are not invested heavily in gold & silver this likely will bore you. If you are or aspire to be, you will easily recognize that something like this has not happened since 1979 with those oil baron brothers from Ft. Worth.

Could this be an April fools joke, maybe, but numbers this big move global markets regardless. If this is phony, somebody(s) are going to jail.

Regardless, if you have a load of cash in stocks & particularly bonds, take heed like an F5 is on the next block.

If you're not interested in finance or metals or don't know what the CME is, skip now.

Cliff Notes: This story says someone bought $14B of gold bullion for delivery in April from the CME. It does not exist. I will discuss further what this could mean if anyone is interested, otherwise, thanks for reading.

 

[LAY THE WOODY]

I think I read something earlier that gold is somewhere around $2500 an ounce?

 

[fairdinkem]

I think I read something earlier that gold is somewhere around $2500 an ounce?

Today, 4/1/25 it is $3,132.80.

 

[2012Bearcat]

I bought into GLD back when Obama elected. Sold calls on it for years until I advised to stop and hold. Has been a decent investment.

 

[fairdinkem]

I bought into GLD back when Obama elected. Sold calls on it for years until I advised to stop and hold. Has been a decent investment.

Just for clarity, GLD is paper. I am only in the business of and referring to bullion. If you do not have physical metal in possession, you risk having nothing.

 

[2012Bearcat]

Just for clarity, GLD is paper. I am only in the business of and referring to bullion. If you do not have physical metal in possession, you risk having nothing.

Yes I'm aware. My grandfather was a big gold guy and taught me well.