WARNING!!!!Gold is now getting smashed

Discussion in 'General Precious Metals Discussion' started by betterinvestmentthanshare, Mar 16, 2020.

  1. Vezpit

    Vezpit Active Member

    Joined:
    Mar 15, 2015
    Messages:
    203
    Likes Received:
    35
    Trophy Points:
    28
    Location:
    Brisbane
    It would make a few Countries very happy to see the end of USD dominance even though the SDR is just a sort of cloak to hide the dollar's main faults.
     
    66rounds likes this.
  2. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

    Joined:
    Apr 26, 2014
    Messages:
    464
    Likes Received:
    179
    Trophy Points:
    43
    Location:
    South Australia
  3. Krakked789

    Krakked789 Well-Known Member

    Joined:
    Apr 12, 2016
    Messages:
    531
    Likes Received:
    424
    Trophy Points:
    63
    Location:
    NE Vic
    Blissful ignorance...
     
  4. Timmy88

    Timmy88 Well-Known Member Silver Stacker

    Joined:
    Mar 20, 2015
    Messages:
    223
    Likes Received:
    290
    Trophy Points:
    63
    Location:
    Melbourne
    This may be that day, what do you think Vezpit ?
     
  5. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

    Joined:
    Apr 26, 2014
    Messages:
    464
    Likes Received:
    179
    Trophy Points:
    43
    Location:
    South Australia
    This is looking like the start of the gfc all over again
     
  6. Vezpit

    Vezpit Active Member

    Joined:
    Mar 15, 2015
    Messages:
    203
    Likes Received:
    35
    Trophy Points:
    28
    Location:
    Brisbane
    Hard to know the timing, if it really occurs, but all that is going on makes me think that it will be soon. Maybe the next few weeks. Think we are in for the biggest shake-up in the last 100 years.
     
    66rounds and jultorsk like this.
  7. MyDingaling

    MyDingaling Member

    Joined:
    Dec 23, 2019
    Messages:
    64
    Likes Received:
    49
    Trophy Points:
    18
    Damn.. that was quick. I was under the impression gold and silver do well in these economic downswings?? Guess not
     
  8. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

    Joined:
    Apr 26, 2014
    Messages:
    464
    Likes Received:
    179
    Trophy Points:
    43
    Location:
    South Australia
    Check gold history and dates, all is there for the public.
    The down trend was predicted last week by the charts guys on youtube
    He dumped gold on the high on 10th March
     
    Last edited: Mar 16, 2020
    66rounds and GreatSouthernTime like this.
  9. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    Not in the gfc, until several years into QE

    Right now it’s volatility and there was a screaming buy but it was over in about 5 fookin minutes , not enough time to get my old account details in order.Sheesh.
     
  10. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,772
    Likes Received:
    611
    Trophy Points:
    113
    ^^^ This ain't physical being dumped by the way. The derived's market must almost be on its knees :D
     
  11. Vezpit

    Vezpit Active Member

    Joined:
    Mar 15, 2015
    Messages:
    203
    Likes Received:
    35
    Trophy Points:
    28
    Location:
    Brisbane
    There will be a lot scorched fingers out there. I don't play with paper, wrong emotional make-up.
     
    66rounds and GreatSouthernTime like this.
  12. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    That statement was unthinkable only days ago.
     
    SuprmeLeadr and 66rounds like this.
  13. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

    Joined:
    Apr 26, 2014
    Messages:
    464
    Likes Received:
    179
    Trophy Points:
    43
    Location:
    South Australia
    The Dow is getting smashed now
    Pre market -9.19%
    Trading Halt
     
    Last edited: Mar 16, 2020
    clear likes this.
  14. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,649
    Likes Received:
    3,019
    Trophy Points:
    113
    Location:
    Melbourne
    Are people still not understanding the spot price being driven by ETF's? Of course they are going to be liquidated in a deflation, and fast. Unless you have leveraged debt to your physical just open another bag of popcorn. It will go TP nuclear if the currencies are destroyed.
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    The Low price is useless, I can’t buy anything.
     
    66rounds, C.H. and GreatSouthernTime like this.
  16. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,649
    Likes Received:
    3,019
    Trophy Points:
    113
    Location:
    Melbourne
    Can anyone comment on whether Perth Mint is selling all the bar sizes?
     
  17. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    1,891
    Likes Received:
    3,391
    Trophy Points:
    113
    Location:
    Australia
    Trading is closed, but all bars (1oz, 10oz, 1kg, 100oz) show 'out of stock' (although the website shows Buy Now). Spreads:
    Screen Shot 2020-03-16 at 5.35.29 pm.png

    Coins/rounds show some availability in 0.5oz, 1oz, 2oz sizes; 5oz, 10oz, 1kg coins show all out of stock.
     
  18. Seedcoin

    Seedcoin Well-Known Member

    Joined:
    Jul 14, 2016
    Messages:
    278
    Likes Received:
    265
    Trophy Points:
    63
    Location:
    NSW
    A run on the banks next?
     
    GreatSouthernTime likes this.
  19. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    The ETF paper gold price is just a different coloured chip in the imaginary trading game played in the Casino. The real figure is the price you'll take to part with your actual held in your hand precious.

    The paper price is a guide and is usually status quo for a selling point, but in times like now, the paper price decouples.

    Currently Kitco says I should expect $2450 for an ounce of gold, when my personal price today is nearer $3000 because of,

    1. World changing events on the horizon, and
    2. Physical being hard to find (at the "paper price").

    Now that price may be delusional according to some, but

    1. I don't need or wish to sell, and
    2. Someone with cash, and no physical to be found, will probably think it cheap and buy what's available.

    The ETF market is a shameful fraud.
     
    66rounds, Krakked789, Ivykoin and 2 others like this.
  20. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,340
    Likes Received:
    3,450
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    Abe gets cold feet... stupid move.
     

Share This Page