$2400 Gold

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

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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
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  2. silverhair

    silverhair Well-Known Member

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    Yes
     
  3. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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  4. heartastack

    heartastack Well-Known Member Silver Stacker

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    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

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    2450 and climbing.
     
  6. slavaja

    slavaja Well-Known Member Silver Stacker

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    $2465 now
     
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    AUD2471 now........well AUD2475 by Sydney sundown then...:)
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Why is the AUD getting raped?
     
  9. slavaja

    slavaja Well-Known Member Silver Stacker

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    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
     
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  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Yep......... Gov Lowe still lives and breaths.
     
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  11. Jason1

    Jason1 Well-Known Member

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    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

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    Seems like a lot of people are buying the breakout
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
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  14. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Paging a Mr. Harry Dent.
    Mr. Dent are you out there?
    HARRY DENT 400 OR 700 GOLD  PRICE PREDICTION..jpg
     
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  15. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    $2500 not far away upload_2020-2-21_17-59-51.png
     
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  16. ozcopper

    ozcopper Administrator Staff Member

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    2483
     
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  17. slavaja

    slavaja Well-Known Member Silver Stacker

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    Smack down on Monday?
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
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  19. slavaja

    slavaja Well-Known Member Silver Stacker

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    If GLD breaks, would that stuff up the paper gold scheme they have been playing after all these years?
     
    Last edited: Feb 22, 2020
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     

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