And today, it's still rising.

For those that purchased gold jewellery or bars several years ago, you must be sitting on a handsome profit as I am.

Along with mining shares

Spot price 5419 USD.

Beating most predictions.

Now 6000 in sight.

Quite complicated to make the math for the Thai 'Baht" gold weight.

Last selling price for jewellery is 78500.

Interesting.

The current precious metals market feels like the mother of all bubbles. I'm not ruling out further explosive upside as prices could absolutely rocket into the stratosphere, but I've long heard the same narrative as far back as 2010 about chronic shortages of physical gold and silver. Yet this recent article from The Nation paints a very different picture. This is just another paper pump and dump.

nationthailand

Thai gold shops face closures as prices top 70,000 baht

Gold Traders Association warns dozens of Thai gold shops may close in 2026 as prices surge above 70,000 baht and gold ornaments demand slumps.

Nobody has faith in the US dollar/bonds anymore, so it's a flight to something more stable.

Whatever reasons exist for the price increases so does the risk of fake items circulating in the market,

I see a lot of red plates on cars these days.

Some folks are cashing in their good fortune .

Title of topic should be : gone crazy in nearly ALL currencies.

People are loosing faith in toilet paper IOU's.

Profits in AU & AG are so big , people might start wondering if Thailand is still the best place to be .

Or , do I still want a sailyacht in my old age 😉

It's not the price of Gold that has gone crazy, it's the world that has gone crazy. The "helmsman" in the oval office a major cause for it.

8 hours ago, swissie said:

It's not the price of Gold that has gone crazy, it's the world that has gone crazy. The "helmsman" in the oval office a major cause it.

On 1/29/2026 at 6:22 AM, gargamon said:

Nobody has faith in the US dollar/bonds anymore, so it's a flight to something more stable.

I

In 1980 inflation was rampant

interest rates were 16%+and

the Hunt Brothers and the Saudis were

trying to corner the silver market

as private citizens.Oh and Iran

was in turmoil.

It was all over in about a year .

This time is different ?

1 hour ago, Jim Blue said:

I

In 1980 inflation was rampant

interest rates were 16%+and

the Hunt Brothers and the Saudis were

trying to corner the silver market

as private citizens.Oh and Iran

was in turmoil.

It was all over in about a year .

This time is different ?

In the 80's Volker (IIRC) was running the economy and effectively killed the inflation. Now Trump is running, or attempting to run it.

Be afraid. Be very afraid.