Many online bullion dealers are advertising massive specials. Another sign that lower prices are AHEAD. Patience will pay off.
Bullion dealers often have pre-Christmas specials. They're clearing inventory so they can place orders for next years coins. Now we just have to wait for the inevitable breathless headlines about how the U.S. mint sold loads and loads of ASEs in January.
What he said^^^^ Bullion dealers are no different to any other merchant. Buy products at x, sell for x + %. Buy a shit ton and sell a shit ton to make modest profit. I don't think anyone moving metal (not ETFs) over the short term is looking to f$%k over the market and bust balls. They're in the game like the rest of us, just hoping not to be stuck holding too much if things go south quickly.
It's sort of a I hope his wrong, but right. Lol. who wouldn't want to buy gold for a 1000 and silver for 12'ish (?). I think I'd max out my credit cards. Lol. My business partner would kick my tail. lol.
In case anyone is wondering where he got the prediction for 1000 gold. https://www.armstrongeconomics.com/.../gold-headed-lower-under-1000-into-the-abyss/ India is moving now to confiscate gold after going after the cash. Currently, each married woman is entitled to 500 grams, each unmarried woman 250 grams, and each man 100 grams of gold. Everything that goes beyond is classified as illegal possession and thus will be confiscated. There is no restriction on the possession of the jewelry only if the jewelry was purchased by inheritance. Prime Minister Narendra Modi is giving more power to tax authorities rather than dealing with corruption. They will be shaking people down for money. Unlike FDR who confiscated gold from the banks, Modi is allowing the tax people to go door to door. This is the problem I have been warning about with gold. It is losing it safe haven status for it is getting to the point you cannot travel with it, keep it in a safe deposit box, or show gold with jewelry. In Italy, if it looks like you have excessive jewelry, they pull you over and weigh it at the border. This is all part of the Hunt for Taxes. India is setting the tone. The danger will be if others follow. Trump would stand in the way of such policies in the United States. But in Europe, we may see the same policies take effect to different degrees. All they need do is claim that terrorists are using gold to fund their operations. Everything is still on target for the move under $1,000 into next year.
