$2400 Gold

Discussion in 'Gold' started by herkyderky, Jan 30, 2020.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Perth mint is out of gold kilo bars and kilo coins, don’t know if this is usual as I’ve only check this today.

    I just put a formula into my excel spread sheet to calculate the unrealised profit over spot for my gold, silver and platinum holdings. Basically Total number of ounces x Spot price Minus Total cost.

    Silver actually surprises, once you earn back the premium, the gains isn’t that much different from gold.
     
    Last edited: Feb 20, 2020
    silverhair likes this.
  2. silverhair

    silverhair Well-Known Member

    Joined:
    Dec 9, 2019
    Messages:
    377
    Likes Received:
    467
    Trophy Points:
    63
    Location:
    Sydney

    Yes
     
  3. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

    Joined:
    Sep 24, 2015
    Messages:
    194
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    south australia
  4. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,649
    Likes Received:
    3,019
    Trophy Points:
    113
    Location:
    Melbourne
    USD/AUD is getting ripped on though. I can buy more asx stock for my USD short-term though, which is cool
     
  5. silverhair

    silverhair Well-Known Member

    Joined:
    Dec 9, 2019
    Messages:
    377
    Likes Received:
    467
    Trophy Points:
    63
    Location:
    Sydney
    2450 and climbing.
     
  6. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    $2465 now
     
  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
    AUD2471 now........well AUD2475 by Sydney sundown then...:)
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
    Why is the AUD getting raped?
     
  9. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    Unemployment is up to 5.3%, economic damaged done by Corona virus and they are pricing in a rate cut in April or May. Could be more factors
     
    Silver260 and 66rounds like this.
  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Yep......... Gov Lowe still lives and breaths.
     
    STKR and 66rounds like this.
  11. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    both gold and silver seem tobe in a race the last few days. very interesting to watch how these two are performing. Does seem tobe a fair amount of FOMO going on both these metals, so have tobe some what careful
     
  12. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    Seems like a lot of people are buying the breakout
     
    Jason1 likes this.
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Perhaps, but the buying appears to have slowed in the last 2 days. It was much more intensive around $1560-$1580 levels. I'm now starting to see some retail selling.

    The chartists say the technicals are very bullish once gold passes a certain level, e.g. $1600. But the same chartists also said in early January that gold might correct back to $1400s, which of course didn't happen.
     
    Silver260 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
    Paging a Mr. Harry Dent.
    Mr. Dent are you out there?
    HARRY DENT 400 OR 700 GOLD  PRICE PREDICTION..jpg
     
    66rounds, slavaja and Silverling like this.
  15. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

    Joined:
    Sep 24, 2015
    Messages:
    194
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    south australia
    $2500 not far away upload_2020-2-21_17-59-51.png
     
    sgbuyer likes this.
  16. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    Smack down on Monday?
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Looking the situation in Korea, Iran and Italy, it might not happen. I’m quite concerned about GLD and HSBC. If GLD breaks, would it cause gold to temporaily plunge? But that is only the spot price. While at the same time, the wealthy will be frantically buying up all the physicals. If spot plunges, it will be a good time to load up some more physical gold.
     
    silverhair likes this.
  18. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,089
    Likes Received:
    767
    Trophy Points:
    113
    Location:
    Melbourne
    If GLD breaks, would that stuff up the paper gold scheme they have been playing after all these years?
     
    Last edited: Feb 22, 2020
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Well, I don't know how GLD can break in the first place so this is my wild speculation, but anything is now possible with anything that has connection to China. What I mean is that HSBC is the custodian for GLD and they are deeply connected to China.

    I spoke about this a year ago that I felt something big might be happening in China, and then the HK protests.
     
  20. silverhair

    silverhair Well-Known Member

    Joined:
    Dec 9, 2019
    Messages:
    377
    Likes Received:
    467
    Trophy Points:
    63
    Location:
    Sydney
    It's not like HSBC is even trustworthy ....who knows what they can and would do in desperate times...

    Shedding 35000 staff is no laughing matter even for a global shop like theirs. And 90% of the bottom line comes out of Asia!.

    Disclaimer , I do not like ETF's . I want to hold it in my hands so I know it's mine with out shadow of doubt. But hey that's just me and each to their own.

    Note HSBC and Deutsche are deep in bed together. If one falls the other shall be on very shaky ground as a minimum.
     
    sgbuyer likes this.

Share This Page