Discussion in 'Gold' started by slavaja, Mar 9, 2020.
I think we'll get there by end of the week
Do you really want to?
Why don't we start $3000 tread-it will save a lot of post..
It's getting close to the all time USD high, and the stock market has only just begun it's slow crash.
It's going higher, much higher, but it'll take some time as people get cashed up again after the stock market crash.
Just had a looksee at ABC, KJC and Bullion Money's web sites. A lot of small gold bars / 1oz / factional and various weights ranging up to 1kg gold bars....not available or only on pre-order. Same with 1oz / fractional gold coins.
Some 1oz silver coins (mainly roos) and larger silver bars also only available on back order.
But new to the market....the "Coronavirus 1oz silver coin"
gold just deflated (again)
Gold isn't going up. AU$ going down.
By time AUD settles, $2600/Oz is going to look cheap as chips
Some friends of mine were complaining about buying gold at $2550 when it dropped to $2400 I bet they are happy now.
HOLY HELL USD/AUD :$1.79
AUD/NZD:$1.00 even stevens
Friday 18 December 2020 - AUD 3640 at close of trading.
Kind of cancels out the drop in the oil price because we have to import it. Pump price might be stable
I think we'll see AUD $3k gold by June.
^ do you mean US$.15= AU$1?
And that's the thing, the USD price of gold hasn't jumped to all time highs yet, once it does (inevitable), the AUD price of gold will be amazing.
Forget and AUD gold charts, they are meaningless, there is no magic limit to the AUD price of gold, it's simply the USD price of gold divided by the AUD/USD exchange rate.
Further increase in price of gold, and further decline of AUD to 50c (optimistically).
In the current state of the world, we have next to nothing going for us unfortunately.
just digging ourselves into a deeper hole.......... literally
Just as an anecdote; BullionStar was pointing out that Switzerland has declared national emergency and Ticino canton is in lock-down (all non-essential commercial activity are closed) - so Pamp, Argor and Valcambi may all be affected.
The price ?
You don't sell your physical gold unless you have to.
Many will have to, but they'll sell their silver and platinum first.
There's going to be plenty of silver and gold bargains coming up soon.
Folk will have to service their debt.
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