$3,000 Gold Thread.

Discussion in 'Gold' started by JulieW, Apr 24, 2020.

  1. Sawman

    Sawman New Member

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    Of course, but the price of physical gold is greatly influenced also by supply (availability of physical gold), as we have all seen lately, with much higher premiums for metals.
     
  2. Sawman

    Sawman New Member

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    And illustrating the demand for precious metals through 31 March 2020 (wish it showed April too): (That's USD 7 Billion)
    upload_2020-5-14_14-39-23.png
     
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Weve been selling gold and silver for more than spot everyday. What do you mean no one will give you more than spot for it?

    How does spot determine physical price when they are hundreds different?
     
  4. ermat

    ermat Member

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    So how does $7B compare with last year ?
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    Won't get $3,000 gold price soon, but remain constructive says Peter Hug
     
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  6. SilverDJ

    SilverDJ Well-Known Member

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    This is getting serious.
    Can someone please explain how the high of 2011 was (apparently) more warranted than the high today in the current climate?

    upload_2020-5-18_15-44-54.png
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold doesn’t need a financial crisis to rise. War can also make gold rise.
     
  8. TreasureHunter

    TreasureHunter Well-Known Member

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    God save us from anything even similar to that.
     
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    It was indeed a triangle and gold went UP, not DOWN like I was expecting it. I'm amazed :D
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Trade war also considered. If you remembered, it was the trade war that started the gold run. It wasn't the economy or the financial bubble.
     
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  11. Krakked789

    Krakked789 Active Member

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    Am I the only one getting the sense that we are really close to a hyperinflation? Fiat money is starting to feel more and more fake by the day...
     
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  12. TreasureHunter

    TreasureHunter Well-Known Member

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    Thing is that despite the technological revolution that it brought, Bitcoin too is joke money.
    I'm with Peter Schiff on this one. It's not a store of value. And it's rather a speculative asset like and ETF, rather than currency.
     
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  13. Krakked789

    Krakked789 Active Member

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    It's not meant to be a store of value. That was a false narrative that arose when its functionality was broken. They screwed the pooch on Bitcoin. It was usurped by the Bilderberg group via Blockstream, who wrecked the code. The cryptocurrency market is now just a giant casino.

    Please note that my Bitcoin avatar is NOT what it seems. Look closely...
     
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  14. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    ^Ah clever!
    Read the fine print. :D
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I've sold a little bit of paper slv but holding tight to physical. It's good to have options.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Just login to check my slv bought a month ago, now it's $16.28. 36% increase in 2 months. Not bad.

    But compare with my pan america silver, bought at $13, now $27. More than 100%. And they lost money in Q1! This is nuts.
     
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  17. TreasureHunter

    TreasureHunter Well-Known Member

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    YES. It's a casino game.

    "Take something of no value, build up the perceived value and sell for real value" :D
     
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  18. Krakked789

    Krakked789 Active Member

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    I think that's one of Chris Duane's silver coins.

    The story of Bitcoin is a lot more intricate than is generally known. In its true form it is valuable in the same way that the Internet is...in fact, potentially far more valuable. BTC is not the true form of Bitcoin. The true Bitcoin emerged again in the last two years in the form of Bitcoin SV. Many people think of it as a scam coin and the man behind it - Craig Wright - as a fraud. Regardless, Bitcoin SV follows the white paper most closely.

    The true power of Bitcoin is now visible with Bitcoin SV. Yet I think it has come too late. It is about 8 or 9 years behind schedule. As a result, I think the project is basically doomed.

    It was not meant to be HODLed. It was not meant to be a "store of value." Lies, lies, lies. The crypto "market" shouldn't even exist. It's like any other global market these days, full of hypothecation and wash trading. The goal is all pump n dump; leave someone else holding your bags. It's like the paper silver and gold market; like the Dow Jones; like all global markets - a house of cards built on air and waiting to topple.
     
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  19. Ag bullet

    Ag bullet Well-Known Member

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    RE Kraken and hyperinflation- i agree but they seem to be able to continue to kick the can down the road and no one knows how long the road is.
     
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  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Trading paper and bitcoin gives you something to do between doomsday Greatest Depression videos and browsing for good deals!
     
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