Gold Just Hit AU$2,000

Discussion in 'Gold' started by GoldenEye, Jun 20, 2019.

  1. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    2,083
    Likes Received:
    3,121
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    When those running things have filled their trucks, and then allow the MSM to talk about it.
     
    Gresham's Law and Silver260 like this.
  2. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    USD has demand due to the huge debt people had committed,
    they need USD to repay their debt, as the debt get closer to the due date,
    there is a sudden demand for USD to get the debt repaid, this will show as a demand for USD
     
    leo25 likes this.
  3. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,584
    Likes Received:
    1,935
    Trophy Points:
    113
    100% agree. Definitely worth holding USD, as the the USD will rise and the AUD will dump in a down turn. Seems like a no brainer to me.
     
  4. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    I stop holding USD for a long time, used to keep FD in USD
    but what choice do we have, will depend on where we are...
    now Bank of China, does not allow foreign people to deposit RMB... so only their citizens are able to be served
    we can go to gold or some silver, Pt or Pd, premiums are just outrages
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    As amazing as it sounds, no one has been talking about gold bullion in Singapore investment forums in the last couple of weeks. All the talk is about property, loans, bonds and cryptos. There's a tiny interest in numis silver though. If you think about it, it's understandable, people are not interested in 10% appreciation against a local currency.

    Everyone is aiming for 100% or more returns on capital invested which won't happen with gold because gold has an inverse relationship with the sing dollar, gold goes up, sing dollar strengthens against the usd.

    This is the reason why I have to buy queen’s beast and pay the premium because there’s almost no p2p resale market for pure bullion at the moment. Of course dealers will buy but $50-$80 below spot.
     
    Last edited: Jun 26, 2019
  6. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,584
    Likes Received:
    1,935
    Trophy Points:
    113
    Never, only property can be discussed in any social setting in Australia. I mean without constant property propaganda how will the prices keep on going up? Gold is taboo and should be avoided by all means.
     
    wrcmad likes this.
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    I've tried talking to a few people about gold and silver, what's been happening to the prices, central bank gold demand, high level simple stuff and they just nod politely (thinking "guards seize him") and they drift back into something that doesn't require critical thinking....ie the prior nights episode of MKR etc.

    Most are one eyed property people with zero desire to think about diversity in investment (PM's crypto's etc) and enjoy whinging about any decline in their investment property values. Scary thing is that I worked in finance and no one I spoke to including our company's economist had a clue about the likes of Deutsche Bank and it's issues, central banks hording gold etc.

    Talking about gold to someone (who's not into PM's), is tantamount to inviting someone to join a cult at present.....
     
  8. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    As the other bloke said on a previous page: "I am not your Secretary, DO YOUR OWN RESEARCH".
    Mr. GGLE is out there waiting for your questions, we pay for our Internet connection (you don't pay for ours). Have a nice day. _JOHNLGALT.
     
  9. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    I no longer talk gold out there. Memories are long and when SHTF I'd prefer to be ignored.
     
  10. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Where do you live Jules?

    Just joking. I know what you mean, but locally I want to try to help people because I can see what's coming.
    Trouble is they will remember me saying GOLD, SILVER - key TRIGGER words to the layman (layperson) OOPS. In a Country town you could be a target.
     
  11. Silver260

    Silver260 Well-Known Member Silver Stacker

    Joined:
    Dec 11, 2014
    Messages:
    368
    Likes Received:
    522
    Trophy Points:
    93
    Location:
    Queensland
    Gee whiz folks.....

    Gold finally moves after how many years?, and Silver doesn't.... And a lot of people are suddenly writing off Silver.. WTF.. Lol.

    Let's be honest here, golds movement is nothing in the recent historical context. If it hits US $1800 and Silver hasn't moved..... Then I'll start wondering whats going on.

    But at the moment, I don't see anything significant about the current events / price movement.

    Just my 2c :)
     
    Last edited: Jun 26, 2019
    sgbuyer and JOHNLGALT like this.
  12. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia

    If you are concerned for Silver, Bill Holter, in an interview within the last 2 days said that there is a 50/50% chance that there could be a decision made on a revaluation (devaluation) of the $U.S. at the G20 Meeting THIS WEEK.
     
  13. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    I assume Trudeau, Macron and Merkel won't be in the room at the time.
     
    JOHNLGALT likes this.
  14. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Ta @JOHNLGALT . Yep, Jenda can ditch the 70's am intro.

    I like listening to Bill Holter. Takes financial facts and provides a rational commentary. He has been off in his calls re bugging out in 2008 to South America and some other calls of late re global reset date etc, but his take on what's happening financially is good.
     
  16. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    From the silverbearcafe website, an overview of how we got here (nice article).
    Time for an International Gold Reset - Gary Christenson 29th June.2019.
    Every 30 – 40 years the world goes crazy, takes a deep dive into a shallow pond, dances with the devil, and resets gold internationally.
    In 1913........
    http://www.silverbearcafe.com/private/06.19/goldreset.html
     
    sgbuyer likes this.
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    before the reset in gold, the gold owed must be fully settled in spices
     
  18. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    2,083
    Likes Received:
    3,121
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    I’m not sure what this means?
     
    JOHNLGALT likes this.
  19. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Yep, Something lost in translation.
    WINK..JPG
     
  20. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    I am guessing spell correct

    "before the reset in gold, the gold owed must be fully settled in specie"

     
    GoldenEye and jultorsk like this.

Share This Page