Gold price - back up the truck?

Discussion in 'Markets & Economies' started by GreatSouthernTime, Mar 5, 2021.

  1. alor

    alor Well-Known Member Silver Stacker

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  2. alor

    alor Well-Known Member Silver Stacker

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  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Remember this is a gold thread guys. Try to stay on topic. :)
     
  4. alor

    alor Well-Known Member Silver Stacker

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    gold is heading to 2100, there is no resistance there
    the tanks continue to roll there
     
  5. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    looks like Putin had his head sprinkle with gold dust….
     
  6. alor

    alor Well-Known Member Silver Stacker

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    Ukraine got no gold lol, long gone already
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    It's not enough just to throw the word "gold" around if you want to stay on topic.

    You also have to mention "trucks".
     
  8. GreatSouthernTime

    GreatSouthernTime Well-Known Member Silver Stacker

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    Where is this documented? I’ve not read or heard of these plans?
    Although being originally all Russian sovereign land it wouldn't surprise me if he believed it was in Russia’s best interest to take back its original territory or at least to not have western forces backed up on his boarders.
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    no backing up the truck yet
    Fedex delay
    Updated delivery:
    Pending
    Initially expected: Monday, 2/14/2022
    Fedex Trucks did not make their moves, may be their trucks are out of gas :mad: due to high gas prices
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    1,750-1,800 $ gold will be a tremendous gift and buying opportunity. I don't think it will go below 1,700 $.
    Major corrections occur around April and/or June-August. But it's not always the rule.
    Unless gold goes even higher now/before that period.

    I think very soon it will cross the 2,000 $ line.
     
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  11. TreasureHunter

    TreasureHunter Well-Known Member

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    Sounds like a delusional American child's fantasy.
    That will never happen. We are not in the middle ages. Russia is a rusty gas & oil company, they need peace to sell their natural resources.

    - they don't have that power
    - their economy can't sustain that
    - the EU has a population of 447 million, Russia has slightly over 140 million
    - the EU militaries combined: 1.4 million, Russia: 1 million (the EU is also far more modern and technically more diverse)
    - Russia would have to terrorize 400+ million people, even if (in a dream) they could attack Europe - they cannot hold Europe under control, it's impossible (just like Japan cannot occupy and keep China under control)

    It is impossible and it is not in their advantage. This is not WW II, this is not the Middle Ages.

    What Russia needs is to build normal relations with Europe in order to sell their gas, oil. Otherwise they will die of hunger and their tanks would rust.
    They are incapable and they should be mentally ill to even think about occupying Europe. The entire Europe is against them.

    I think they only have major problems with some of the former Soviet republics. And, unfortunately this is being exploited and extended to create the new cold war.
     
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  12. TreasureHunter

    TreasureHunter Well-Known Member

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    So, gold hit 1,900 $ undoubtedly due to the recent events in that particular region.

    But, it might correct now down to 1,800 $. Anything under 1,800 $ will be a good buy, because due to the newer geopolitical tensions and escalations of the Russia-Ukraine madness, gold will eventually test the 2,000 $ level.

    I am checking now and I see that many dealers are even more out of gold than they were. Since October-November most dealers in Europe have very low stocks of bullion.
    It might not be the case in other areas of the world...
     
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  13. alor

    alor Well-Known Member Silver Stacker

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    there will be gold for sale at 2100 :D
     
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  14. alor

    alor Well-Known Member Silver Stacker

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    both sides do conscripts
     
  15. TreasureHunter

    TreasureHunter Well-Known Member

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    Gold is becoming scarce, but its price will be high, even if it will be less available, because it will be in the major central banks' vaults.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold is now the contrarian play. Just like in 2018 when I first bought gold.
     
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  17. GreatSouthernTime

    GreatSouthernTime Well-Known Member Silver Stacker

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    I’m with you in that camp. First started buying then and seemed I was just in time to dollar cost average in.
    Even buying at the highs my average is still well under today’s price.

    I guess we can take confidence in knowing that even at today’s prices if you take your time you can still weather any future downside.
     
    Last edited: Feb 23, 2022
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  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    They’re not adding to their positions, some are even selling. The countries that are buying are the less wealthy in order to hedge their foreign currency holdings so they can manage their own currencies on the FX market and attract investment.

    We can probably learn from those less affluent nations.
     
  19. TreasureHunter

    TreasureHunter Well-Known Member

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    USA, Germany, IMF, Italy, France, Russia, China, Switzerland, Japan, India, Turkey are among the top gold-holding countries/entities (in this order).
    The IMF itself has 2,800+ tonnes of gold.

    If the world's top players are all so heavily invested in gold, then that means a lot. None of them are investing in the (current) crypto coins.

    Gold has a bright future. It's not a "barbarous relic" :D

    What I see is that indeed, many smaller and poorer countries are buying gold. Some countries are selling, but not that large amounts.
    The US' adversaries (China and Russia) keep accumulating, adding to their stack.

    Personally, I can still imagine a new gold standard.
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The fact that gold is still at $1900 shows that the market still don't believe Putin will act. Perhaps traders are all reading ZH. ZH is Russian propaganda. They are still trying to sell the idea that Russians are peaceful people, and the market believes in it.
     

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