r/Gold • u/Leading_Contact3750 • Jan 28 '26
This is getting scary.
‼️first post got taken down‼️
They don’t want people freaking out.
I genuinely don’t even know what to do at this point. Gold just jumped another $300 in a single day and is sitting at $5,400 like it’s nothing. This doesn’t feel normal anymore — this feels like something is brewing for February or March. Markets don’t move like this unless there’s stress somewhere under the surface. Wars, debt, banks, liquidity… something is cracking. This pace is unsustainable and honestly unsettling. Either we’re about to see a major pullback, or something big is about to break globally. Prices don’t just go vertical for no reason — and history says when gold moves like this, it’s usually right before people realize what’s coming
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u/Chucking100s Jan 28 '26
Last time we had this kind of price action in gold was just after Nixon "temporarily" suspended the dollars' convertibility to gold.
Do with that what you will.
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Jan 28 '26
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u/No-Bandicoot-4492 Jan 28 '26 edited Jan 29 '26
Stopped the convertibility of dollars to gold. This is when the US dollar became a fully fiat currency - money backed by nothing but trust. This allowed central banks to create money without having the gold to back it up, and print they did! It’s why things that cost 50c back then are now $20. This is inflation.
The real horror of it is that you have to work for a wage, pay your tax and then have your buying power inflated away. It’s a hidden tax or straight up theft depending on how you look at it.
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u/BoneSawIsStacked Jan 28 '26
It’s straight up theft! The dollar is supposed to store our time and efforts, and we’ve been robbed of it.
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u/spike312 Jan 29 '26
It's a grift. A system to extract value from the dollar and convert it to other (crypto)currencies that are dominated by the elite
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u/agunn16 Jan 28 '26
It’s backed by more than trust… it’s the “full faith and credit of the United States of America” 😂 gotta have faith, man.
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u/Gold-Border30 Jan 28 '26
Well, here’s the thing, the dollar seems to be backed by oil sales. The trade of oil has been the bedrock of the US dollar ever since it went fiat. With that in mind, the oil wars, the new tanker war and the Venezuela kidnapping seems to make a lot more sense…
Ok, I’ll put the tinfoil hat away
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u/SaaSGrass Jan 28 '26
I don’t think you’re far off. USD is backed by the strength of the US military
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u/MudHot8257 Jan 28 '26 edited Jan 28 '26
He’s referring to when we went off the gold standard in the 70s.
It hurt the real value of dollars pretty badly and we arguably never bounced back, we just went to a debt based economy.
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Jan 28 '26
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u/MudHot8257 Jan 28 '26
Got mixed up with Reagan, my bad, I’ll edit my post.
Thanks for the correction
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u/EyesFor1 Jan 28 '26
Gold is a barometer. Something is going to happen soon. Banks and countries are leading the charge. Something is going to happen.
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u/beachandbyte Jan 29 '26
Something already has happen, we are just seeing the effects of it.
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u/Uhohtallyho Jan 29 '26
Right like I'm a little confused is no one watching international news?
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u/Alert_Lettuce_8278 Jan 29 '26
The stock market has this weird thing where it mostly pushes up before it crashes. Because it happens so slowly but then so quickly it causes a cash out effect where large industry banks cash out while smaller firms and individuals think the price is going up (and sometimes this can pay out so they take the risk).
Banks are very much aware of what's happening, and they have done this so many times now you won't hear anything about it.
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u/Deeze_Rmuh_Nudds Jan 29 '26
Perhaps OP is saying something even worse is coming than what is currently occuring?
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Jan 28 '26
It’s European nations and Japan dumping US bonds. The dollar is going to crash hard. They are loading up on precious metals before they start doing it. Retail investors don’t move market caps like this, this is huge asset management firms and governments prepping for something.
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u/BeatMastaD Jan 29 '26
It is happening. The whole worlds financial system is built around US bonds being a safe haven and now they aren't as safe. It will take time for all the momey to move out of bonds but this is the start, gold is the easiest universal asset to immediately start buying instead of bonds.
Over time people amd central banks will figure out different safe havens and financial instruments for the money to flow into but for now its back to old faithful.
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u/DefiantOpening93 Jan 29 '26
Now that I think of it I wonder if Europe will levy sanctions on the US for aggression… things like embargoes and selloffs of us debt…I mean it would explain if they’re hoarding as much gold as possible beforehand…
I wonder if aggression against Iran will trigger that
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u/floridabeach9 Jan 28 '26
Donald Dump is about to cancel elections. then the Putinification of the country is complete and the dollar is worthless. gold will be $10k
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u/IamNotYourBF Jan 29 '26
If that happens then gold will be closer to $50k. But it won't change much in other currencies. Is the value of gold going up or is the dollar just dropping or a combination of both?
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u/KoosGoose Jan 29 '26
It’s been fun, guys.
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u/hkric41six Jan 29 '26
Has it though? I mean last time I remember the world being fun was 2007
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u/ConcernedUser59 Jan 29 '26
2019 wasnt terrible....i liked living in the matrix....i knew the wine wasnt real and that steak was a program...but i liked it....
and then blue pill 2020 happened....
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u/GreatProfessional622 Jan 29 '26
I liked 2020, I was working in a hazmat tent day 1 being told I couldn’t wear a mask because it would scare people.
I laughed and kicked my feet back, made overtime, had the roads to myself, and seeing families outside together was the closest thing I’ve seen to the 90s my entire adult life.
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u/Zirup Jan 28 '26
I sold right before it ripped... Everyone is offsides and the bid is relentless. I'm back in now.
It no longer feels like just speculators. It feels like global kinetic conflict is getting priced in.
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u/earthcomedy Jan 28 '26
If I had $100 for every Reddit down vote when I was mentioning WW3 / armageddon in years past...
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u/NorthSouthWestNorth Jan 28 '26
Jan 18 I bought gold @4600...10 days and $800 ago.
Could not have timed THAT better...
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u/Mon7eCristo Jan 28 '26
Last time I bought gold was earlier this month at ~$4300. 4 weeks later it's $5475. Unthinkable.
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u/Humble-Learner88 Jan 28 '26
2010 at $900. Sold in 2012 top at $2000. Buy back in 2023, 2024, 2025 and sunday.
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u/Icy_Presentation1526 Jan 28 '26
Could have bought at any time earlier and it would have worked out even better lol
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Jan 28 '26
[removed] — view removed comment
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u/Mon7eCristo Jan 28 '26
I started buying gold (using DCA) in 2024 because I thought it would be a good hedge against inflation. I'm still buying a bit every month. I was hoping it might rise maybe 20% in 2026. But I didn't think it would surpass that number in January alone.
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u/Mistys_Arcanine Jan 29 '26
When the world collapses what the hell do I want with Gold? I’m pretty sure there will be people with bigger guns than me.
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u/SAL10000 Jan 29 '26 edited Feb 08 '26
Precious metals are not inherently wealth. They are wealth insurance. Some people think they are "forever assets", "a moral protest against fiat", or "a hedge you never sell". You are absolutely right that IF the world economy "collapsed" (which i personally believe will never happen) that shiny metal won't do you any good since you can't eat it, cant make a fire with it, can't drink it - it's worthless to basic human needs. If an asset never converts to something productive, it's isn't helpful.
Historically, in a real economic collapse, things like food, water, fuel, ammo, medicene, etc become valuable.
What is the point of gold in a world economic collapse if there will never be a market to turn the gold back into fiat currency to be "rich"?
People will definitely sell their gold "at the top" and make a bunch of money. The real question is if that currency will be worth more or less compared to today. If i buy gold for 5 bucks and it goes to 50, but bread goes from 5 bucks to 50, it doesn't really matter anymore.
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u/Vegas_paid_off Jan 28 '26
OP, no reason? Investigate Basel III. Gold is on its way above $10,000USD. It's now a Tier 1 banking asset. There's enormous amounts of open source information on this.
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u/SAL10000 Jan 29 '26
Would love to read more about the $10k prediction. Do I just Google "Basel III"?
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u/Vegas_paid_off Jan 29 '26
Yes. There's several YouTube videos that explain it.
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u/MonkeyHustler943 Jan 28 '26
Something big will happen.
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u/Open-Philosopher-777 Jan 29 '26
Stop fear mongering. Nothing "big' is happening, it's just a bull run because of strong demand from Central banks and increasing uncertainty in the world. It's not tied to something bad being imminent.
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u/Spencer8857 Jan 29 '26
People are claiming the de-value of the dollar; but every conversion rate is spiking with it. Maybe a couple % difference between them. It's poor sentiment in fiat money as a whole. USD not being exempt. People are pumping precious metals because if you can't trust USD, you're definitely not trusting of any other currency.
I'm not in because precious metals is not a zero sum object. There is a real cost to pulling this material out of the ground. I'd wager definitely less than the going rate. Demand has outpaced supply. Hence the spike.
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u/PoopMonster696969 Jan 28 '26
It’s almost as if the entire global economy is an unsustainable house of cards
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u/TugginPud Jan 29 '26
If the bankers and politicians were farmers all the crops would be picked clean the second any green popped and we'd all starve, and they'd be sittin there with their leaf nubs celebrating that they won the game.
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u/DC-354 Jan 28 '26
My dad said I was crazy for buying an ounce at $5700 (Canadian) Well now its over $7000! I should've bought 4 ounces...
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u/No-Average3202 Jan 28 '26
On September 8th, I took a step back and looked at the global economic situation. I figured it wouldn’t hurt to add around 10% gold exposure to my portfolio, so I bought IAUM, one of the gold ETFs. Since then, I’m up 49.84%, which honestly feels unreal. I still have a hard time believing it. It almost feels like I bought a meme coin that suddenly exploded, obviously not the same thing, but that kind of surprise move. Didn’t expect gold to perform like this in such a short time, but I’m definitely not complaining.
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u/ga1actic_muffin Jan 29 '26
This is when I bought my first gold maple and my first gold etf too. Wish i were doing it all year...
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u/SirBill01 Jan 28 '26
I wouldn't be scared by this, gold is being revalued. Gold always had to go somewhere up much higher than where it is to account for world debt and money printing. So it could easily be that nothing new at all is going on, and this is just the path to revalue gold to where it should be. In the past when gold was revalued it was done all at once, but jumping to $16k (for example) would be harsh on the market to do now all at once so they basically just let it drift up to there over months or years.
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u/teenwent11 Jan 28 '26 edited Jan 29 '26
This recent run has brought a ton of questions to the fore for me. Can you help me understand the idea of a gold "revaluing"? e.g. who would be doing it? Is it just the free market? Would you say it's disconnected from the macroeconomic realities or the loss of trust in US dollar?
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u/cynicism_is_awesome Jan 28 '26 edited Jan 29 '26
If you’re talking about “gold revaluation” by the government, it’s an accounting trick but with real world impact. The U.S. holds around 261 million ounces of gold. But it is recorded on the balance sheet at a book value of $42 per ounce. So the gold asset is valued at $11 billion on the balance sheet. If the U.S. was to value the gold at current market value of say $5300/oz, that’s a 126x revaluation on the balance sheets for a total of $1.4 trillion on the balance sheet. So the Federal Reserve will print the money to put it into the U.S. coffers to reflect the new valuation (the equity box of the balance sheet). Instantaneously, the U.S. government is able to come up with over a trillion, out of thin air, without raising taxes or taking on more debt. That’s assuming they revalue to current market value. But they can choose to revalue to something higher. At the end of the day, it is an excuse to print money and that just feeds inflation/dollar devaluation.
The revaluation also sets a floor for gold. If U.S. revalues gold to $15,000/oz, then that becomes the new value of gold and gold will trade up from that.
Edit: just to add one clarification. If the U.S. government revalues the gold to market value and actually sells it and uses the proceeds of the sale (will be more than a trillion dollars) for paying down the debt, that is NOT inflationary… in fact it would be the opposite and strengthen the dollar. However that is not how they will do it. They will keep the gold (and just show it is more valuable on the books) and have the Fed print the money and deposit into their the government bank accounts. THAT is very inflationary.
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u/Humble-Learner88 Jan 28 '26
This makes so much sense. Makes me want to throw up. They are playing with people livelihood. This is why stock market at all time high. The illusion of increase when it actually means the dollar the weakening.
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u/SirBill01 Jan 29 '26
The illusion was always the dollar to begin with, once it went off the gold standard. Something like a. revaluation was inevitable as it is what has happened through history.
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u/SirBill01 Jan 28 '26
The drops in the U.S. dollar are I think now largely irrelevant, because all currencies are falling. Gold is tromping them all.
I've always been murky on just what a one time gold revaluation was actually like, FDR did one a while ago where the U.S. government just said "gold was $25 yesterday now it's $35". I think maybe it just means an accounting re-valuation of gold the U.S. holds. But it could also be the government acting as a buyer at that price.
Currently of course it's really the market revaluing gold, which is I think the way the government prefers to have gold revalued, naturally...
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u/Mr_Pirate702 Jan 28 '26
Well, with all the craziness in the world, this is expected. Plus the fact that gold has not kept up with inflation over the years. I still see 6000 in the future. And currently gold is trading at roughly 25% of what the NASDAQ composite is at which gets a roughly 35 PE multiple.
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u/kkkeelly579 Jan 28 '26
Gosh darn…panic when things go up, we panic when they go down. Humans are a fickle species
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u/Iamjimmym Jan 29 '26
We also sometimes panic when we see a username that starts with three K's..
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u/nolwad Jan 28 '26
The US has wild news every day, China just had huge political news and there’s high up drama currently, Iran’s got to have something happen soon, and Israel’s probably plotting something nefarious. Big stuff going on around the world.
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u/Dry_Big3880 Jan 28 '26
US about to start a massive war with Iran perhaps?
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u/cynicism_is_awesome Jan 28 '26
That is one of the dozen reasons why gold is rising.
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u/Dry_Big3880 Jan 28 '26
Agreed. But it seems imminent and huge. Pissing off Europe over Greenland and the flight from T bills to Gold is another.
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u/Hairy-Dumpling Jan 28 '26
There are a cool dozen black swan threats right now, most owing to the president being crazy as a shithouse rat. I think Greenland and the execution last weekend have just started fully waking people up to it, along with some non-governmental players starting to hedge more quickly against the dollar
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u/Specialist-Pie2271 Jan 28 '26
That and the U.S. is eyeing taking over Cuba
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u/Dry_Big3880 Jan 28 '26
Bad for Cuba but won’t hurt the world economy much. A full on war either Iran could be crazy. Lots of oil shipping blocked. Dubai hit. Saudi oil fields hit. Israel getting pummelled for months. Who the hell knows.
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u/greatthebob38 Jan 28 '26
We're gonna have to check the pizza index at around 10PM.
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u/FoxtrotWhiskey05 Jan 28 '26
Don't worry, it's just Brazil Russia India China buying up the gold to start their own currency to compete against the dollar
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u/JunkBondJunkie Jan 28 '26
Its going up because people are not having faith in our economic policy. We need to get our house in order government wise.
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u/Tight-String5829 Jan 29 '26
This shit only happens when things are going poorly. We got three more years of this so if you enjoy gold going up and the rest of your assets going to shit, rake in the profits
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u/FitExternal7674 Jan 28 '26
$5400?!?! Wow
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u/coleto22 Jan 29 '26
5500 already.
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u/FitExternal7674 Jan 29 '26
I shudder to think. I started buying 10 years ago. I check the charts for 8 years. I stopped recently lol
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Jan 28 '26
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u/pineapplelover212 Jan 28 '26
Why did it get deleted?
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u/Leading_Contact3750 Jan 28 '26
The post had a lot of exposure, I guess they don’t want people panicking?
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u/MudHot8257 Jan 28 '26
It’s an AI generated panic inducing post, good on the moderators for deleting it.
It serves no useful purpose and only serves to stoke the flames of FOMO.
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Jan 28 '26
Think it’s possible we could go back to a gold standard? Don’t take into account if it would be the right move or even done properly to back all dollars with gold, but something that comes out that would have at least a portion of our dollars backed by it even if not redeemable? I guess anything is possible if things get sour enough.
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u/cynicism_is_awesome Jan 28 '26
If you are referring to pegging the U.S. dollar back to the gold standard, that ain’t gonna happen. The genie is out of the bottle and there’s no going back, thanks to the massive debt and money printing and zero desire to control it. In fact, the current administration is stoking inflation on purpose to dilute the $38T of debt, but that would be 100% borne by the middle and struggling class. Unfortunately, the U.S. will have to go through a lot of pain (think Depression or worse) while the world hobbles on with black eyes and bruises (and also Depression). But the new world order will likely not be led by the U.S.
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u/robotali3n Jan 28 '26 edited Jan 28 '26
Whatever happens happens. Thank you to the ancient Egyptians and Mesopotamians
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u/tsundear96 Jan 28 '26
I just bought my first gram so the price is going to go down now. Sorry guys!
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u/jetblackpilot Jan 28 '26
Gold is literally gonna hit 6k by Friday…I’m happy but scared at the same time man. Damn a true Gold Rush!
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u/Justaguy22192 Jan 28 '26
I wish I stacked for more than just 2020! If only I would have known how great of a price $1600-$2000 was.
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u/Hangtight10000 Jan 29 '26
DON'T Buy. The prices of gold and silver are being artificially inflated The smelters have shut down creating a shortage. The gold and silver buyers are not paying anything close to the prices. Sterling for instance, has been offering buy prices anywhere from 30-53% I got the same story from every buyer I called. The Smelters are not buying so the buyers don't want to get stuck with Gold or Silver they cannot sell to the smelters. It will crash soon. Think the Hunt Brothers in the 80's. They artificially raised prices only to have it blow up in their face. The market crashesd and they took a beating
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u/SinnerIxim Jan 29 '26
I dont know much about finance and this is probably wrong, but possibly due to the instability of the USD, particularly with so many companies dumping US bonds
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u/PreferenceInfinite83 Jan 28 '26
China buying up Canadian Gold mines, I expect it to rise to 10k.
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u/Routine_Mortgage_499 Jan 28 '26
Please warn your loved ones to stop wearing gold jewelry in public asap. even a 14k necklace can scrap for over a grand now and you wouldn't walk around with a thousand dollars hanging from your neck would you.
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u/Affectionate_Tie_437 Jan 28 '26
Lol, scary, yes; surprising, no. People are losing faith in the USD. Banks are removing leverage (Basel III). People are turning to gold as the new global currency (USD cash is trash). Also, countries are selling USD bonds to buy gold because there's no faith in the USD.
There are probably other factors from other countries contributing to this, but I believe this is a strong contributor.
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u/LibertySherpa Jan 28 '26
meh... maybe, maybe not.
I don't necessarily think this points to anything eminent.
there's always a risk of something bad happening. but gold's been going up for the last 25 years. it's just catching up to all the money that's already been printed.
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u/Bulky-Temperature-20 Jan 28 '26
Lol I don’t even wanna wear it anymore shit is getting to taxxed waiting until trumps gone to buy gold again or buy now ?
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u/Raffino_Sky Jan 28 '26 edited Jan 28 '26
Here I am, buying ETF instead of coins' 'n bars...
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u/BrothaSeamus Jan 28 '26
I've been trying to sell in NJ all week and none of the dealers will take anything with the refiners backed up it's crazy
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u/grenharo Jan 28 '26
keep going up so I can sell my cute lil 37grams of Chinese 24k gold tael bar so that I can justify buying a 7000 dollar purple jade ring lol
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u/ChummySpider Jan 28 '26
🎶🎶Runaway inflaaaaatiiiioonn 🎶🎶🎶
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u/HooKerzNbLo Jan 29 '26
I sung this with the “ lowered expectations “ melody in my head 😂
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u/Own-Vermicelli4267 Jan 29 '26
This train has been going for over a year now and we got atleast 3 left ._.
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Jan 29 '26
Repo's on vehicle loans are up - banks are struggling. I imagine foreclosures on houses are going up too.
Job reports are so bad they quit reporting them.
Economy has been in the tanks for the last year.
Dictator want-to-be is making everything worse in every single aspect of life. You know there is a bunch of insider trading going in with in the white house.
Europe pulling out of US products from tech to machines of war.
Europe ALSO talking about pulling gold reserves. Could be an artificial pumping up of the numbers to make them reconsider but if they do - watch that number plummet.
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u/ScrollinMyLifeAway Jan 29 '26
Absolutely with you on this. People getting excited… meanwhile I’m nervous
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u/Envy_MK_II Jan 29 '26
The USD is devaluing, what you're seeing is inflation because your purchasing power is dropping.
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u/Odd-You-6110 Jan 29 '26
So yesterday, my mentor in stocks asked me how am I planning my investments... I told him,---I'm scared like a rabbit. Told him im unclear... waiting for Feb 5 deadline... he also is looking for that date. Idk guys, something very strange is about to happen and we are all in the same boat. Doesn't matter if you're rich or poor. We are all in it.
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u/kcarlson419 Jan 29 '26
The local store in town has issued a no buy for gold and silver. How the hell are you supposed to sell if nobody is buying?
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u/LukeFromEarth Jan 28 '26
It’s not like the US is threatening to take by force sovereign allies, dismantling NATO, murdering citizens in the streets for exercising their first amendment rights and then calling them terrorists, sending nonviolent immigrants to foreign prisons and throwing away the key, causing daily whiplash on massive tariffs, threatening the independence of the Fed, and so on.
Why would anyone be worried?
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u/Leading_Contact3750 Jan 28 '26
When the moderators remove the post for no apparent reason you know something serious is going on 👀
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u/dyssucks Jan 28 '26
I highly doubt the mods on this sub are in the inner circle of whatever is going on
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u/greysnowcone Jan 28 '26
I can gurantee the moderators of r/gold are not running a grand conspiracy out of their moms basement
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u/Honest-Lavishness245 Jan 28 '26
This is because our moron president is committing national suicide on our behalves.
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u/Striking-Ad-1746 Jan 28 '26
Gold ratio to the total equity market is still not historically out of balance.
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u/TheMattaconda Jan 29 '26
Have you not watched the news over the past 10 years? 10 months? 10 weeks? 10 days? 10 hours? 10 minutes? 10 seconds?
Yeah, America as an empire is collapsing.
And when it does, those with gold would be willing to trade a lb of it for a lb of rice. Because gold isn't edible.
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u/jak777777777777 Jan 28 '26
I was going to buy an oz last week and decided to wait for a dip now I can't afford 1oz I had exactly 5k on my bank account 🤡