Discussion in 'Gold' started by herkyderky, Jan 30, 2020.
alor wanted to make a king size bed from these kilo bars...
Wow, still no restocking today. Only 4 kilobars left! Might be overseas buyers bought on storage as another local dealer still has them. Nearly usd2m kilobars wiped off the shelf in less than 2 days. The 400oz bricks are also moving.
Meanwhile on HSBC, I wonder what will happen to GLD if hsbc has trouble?
Bust around the world but not in OZ!
Australian housing is a kind of hedge, especially for the Chinese, if you look at what's happening in wuhan, people welded into their apartments.
Just wait and see, if this China stuff continues the slow down will have significant repercussions for Australia. Many of our industries rely on Chinese consumption. Places are already letting go of casuals.
Just to add, tourism is already feeling the heat. Many empty rooms and buses.
Saw a cruise line add today offering discounts of up to 85%
*snort* Good luck with that!
Cruise ships are already notoriously bad for spread of illnesses, this coronavirus is a knockout blow, it'll take years for the industry to recover.
I saw a huge overbridge sign for one the other day.
The stock price for RCL hardly moved.
If that includes all drinks and a bed with a porthole view in the ship's hospital if admitted, Im in.
A holiday that may get extended ( ie: 10 days out to 4 weeks or so) at no extra cost, in a place where all others stay away from each other including me. I will reciprocate and be free to enjoy my time with nobody allowed to share personal space inside 2 club-lengths or 1 boathook.
If ship gets quarantined I can get the Hon Minister for Health to send a copy of the certificate to my work so I can access my sick leave. Can't be sacked for extended holiday and coronavirus about the only condition that gets you a Dr's cert longer than a cuppla-days.
How's the serenity?
☝️..just want add I wont be going on any cruises with a Christmas Island stopover (dropover?) on the itinerary, don't care how cheap.
All kilobars sold out. 100g bars, only 100+ left.
Only 2 weeks ago, I saw nearly 100 kilobars and a couple thousand 100grams in stock.
All sold out and with new stock coming in every couple of days, you can imagine the sales volume.
TLDR; That's AUD$46M (MILLION!) in 100g gold bars.
What the actual [email protected]
Make sure you get a balcony suite with fresh air.
I've not been checking the inventory for 100g bars on a day to day basis, but kilobars are definitely moving at the rate of maybe 5-10 a day in the recent week or so. But we don't know if it's foreign or local buyer. It could be local since pre-orders don't move as quickly as ready stock.
Keep in mind that this rate is high for AUD but in USD it's still behind 2011/2012 values. No reason to get too excited IMO.
Hangon tight boys 'n girls.... roller coaster ride is happening this coming Monday.... everyone's buckled up?!
You reakon it will skyrocket tomorrow?
It's not the AUD value, it's just the number of bars traded, $46M for one brand and one weight alone from one dealer in Singapore. Seems insane.
Probably more than every dealer in Australia combined for every type of gold product combined?
I just checked, and Perth Mint produces about AUD$56M a month in gold coins and bars total, probably mostly sold into overseas markets.
I'm talking about the XAUAUD rate though:
Then compare it with XAUUSD:
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