Gold Just Hit AU$2,000

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

  1. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    1,891
    Likes Received:
    3,391
    Trophy Points:
    113
    Location:
    Australia
    By the looks of it entirely possible... :cool:

    bfm153D.jpg
     
    willrocks, mongrelmaple and Oddjob like this.
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Fed got to cut rate soon enough, just look at the USD, it’s going up to fast.
     
    66rounds likes this.
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    I have been thinking deep this couple days about the trade war this couple of days. I think Xi has made strategic error by not giving Trump concession on agriculture. Chinese have a saying "Do not force the dog to jump the wall". With nothing to lose now, Trump now has the excuse to ramp up the trade war against China all the way. Since it won't matter any more since China won't buy those agriculture products anyway.

    There are also great advantages in doing so. Ramping up tariffs to 25% across the board or even higher will cause US stocks to correct big time in the next couple of months, forcing the Fed to move it's hand in time for a huge rally come November 2020. During the entire period all the way to the elections, the US economy will do ok, ironically, since lowered interest rates will drive up the stock market and domestic consumption.

    With this episode, it's easy to predict the outcome of the trade war - Xi will not compromise and the US don't need to either if Xi doesn't compromise because the US will eventually just import from other Asian countries like it did before year 2000.
     
    Last edited: Aug 11, 2019
    jultorsk likes this.
  4. JOHNLGALT

    JOHNLGALT Well-Known Member

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

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Most Massive Gold Accumulation Since the Great Depression | Wayne Jett

     
  6. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    ironically, since lowered interest rates will drive up the stock market and domestic consumption.
    just look at Japan, its been 30+ years and counting...

    after the dust settled, the world would be split into two, Oceania (sea) and Eurasia (land mass)
     
    66rounds likes this.
  7. boneyard

    boneyard Well-Known Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    6,093
    Likes Received:
    426
    Trophy Points:
    83
    Location:
    55G 528505 5257160 TASSIE
    Nice set of numbers................

    [​IMG]
     
    raven likes this.
  8. dross

    dross Active Member

    Joined:
    Dec 11, 2010
    Messages:
    497
    Likes Received:
    221
    Trophy Points:
    43
    Location:
    R.I.P
    $1500.00 USD seems to be a real resistance marker atm.
     
  9. Silverman99

    Silverman99 Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2011
    Messages:
    2,007
    Likes Received:
    827
    Trophy Points:
    113
    Location:
    Auckland New Zealand
    Give it time and it will blow past $1500 heading to $1700 as the next resistance level

    Silver will follow
     
  10. dross

    dross Active Member

    Joined:
    Dec 11, 2010
    Messages:
    497
    Likes Received:
    221
    Trophy Points:
    43
    Location:
    R.I.P
    fingers crossed, but not for major issues to unfold but rather just investors getting jittery.
     
  11. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    821
    Likes Received:
    358
    Trophy Points:
    63
    Location:
    North of Tasmania
    Market Closed - $2,232.43 :p

    Aud - $0.68

    Another fantastic week for gold :D and another unfantastic week for the world :confused:

    # Australia v South Pacific Islands :rolleyes:

    # US v China

    # China v Hong Kong

    # India v Pakistan

    # Japan v South Korea

    # North Korea v South Korea

    # Israel v Iran

    -

    -

    -

    -

    The Book of Psalms Chapter 82 v 3

    Defend the poor and fatherless,do justice to the afflicted and needy.Deliver the poor and needy,free them from the hand of the wicked :)
     
  12. Silverman99

    Silverman99 Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2011
    Messages:
    2,007
    Likes Received:
    827
    Trophy Points:
    113
    Location:
    Auckland New Zealand
    You missed one off

    Wallabies v All Blacks Saturday 17 Aug

    Here in Auckland tonight

    God bless them all
     
    Last edited: Aug 17, 2019
  13. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Can a Silver Bullet stop Gold's rise?
    I’m clarifying for the people that are unsure why there was a price increase.
     
  14. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Getting to the business end of the video @ 13 mins 20 seconds.
    It is now a collectors item.
     
    Last edited: Aug 18, 2019
  15. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    I made this chart in June 2016, 3 years later I've just updated the demise of the AUSSIE Dollar against GOLD.
    Why would anyone in their right mind save their wealth in PAPER or DIGITAL form instead of GOLD?
    1 OUNCE OF SHINY NOW AUG. 2019.jpg
     
    Last edited: Aug 18, 2019
  16. Number 47

    Number 47 Well-Known Member

    Joined:
    May 31, 2018
    Messages:
    308
    Likes Received:
    429
    Trophy Points:
    63
    Agreed

    Just think, if you'd put 50c in the bank in 1966, you'd have 50c in the bank today.

    Had you invested 50c in silver instead you'd have $8.63 today.

    Leaving money in the bank is one of the worst things you could do with it.

    There's a valuable lesson to be learned from the 1966 50c coin. images (8).jpeg
     
    JOHNLGALT likes this.
  17. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,327
    Likes Received:
    842
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Monday morning smack-down, here they go again.
     
  18. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    Actually, with compound interest and inflation you'd have around $4.30 in the bank (minus fees!)

    There a valuable lesson to be learned from compound interest!

    :)

    I wish I'd taken note of it sooner!
     
    aelmsu 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
    If you can't afford to stack gold or silver, melt & stack your beer cans instead. Here's how:

     
  20. President Trump

    President Trump Well-Known Member Silver Stacker

    Joined:
    Jun 26, 2019
    Messages:
    304
    Likes Received:
    285
    Trophy Points:
    63
    I wish I had taken note sooner too... before interest rates went negative.
     
    66rounds likes this.

Share This Page