$3,000 Gold Thread.

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

  1. hardyakkagold

    hardyakkagold Active Member

    Joined:
    Mar 25, 2020
    Messages:
    182
    Likes Received:
    245
    Trophy Points:
    43
    Location:
    Melbourne
    Sound advice there hubber, and welcome to the forum!:)
     
  2. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,599
    Likes Received:
    3,051
    Trophy Points:
    113
    Location:
    Australia
    No drama at all. You could probably count on the fingers of one hand the number of threads here that stay on topic!
     
    Holdfast likes this.
  3. Markco2

    Markco2 Active Member Silver Stacker

    Joined:
    Mar 30, 2020
    Messages:
    148
    Likes Received:
    201
    Trophy Points:
    43
    Location:
    Melbourne - (Covid-19 Place to be)
    Speaking of fingers, I bought these fish fingers from .......Whoops!!
    Won't go there :D:D


    Cheers Markco2
     
    Davros10 likes this.
  4. lunar

    lunar Member

    Joined:
    May 23, 2020
    Messages:
    30
    Likes Received:
    8
    Trophy Points:
    8
    Ebay gives a pretty good indication of demand. Genuine sellers are selling 1oz .999 at average $2580 currently (below spot with shipping and insurance).

    IMO silver was the better place to be after a market crash and Ebay is indicating growing demand. Physical silver purchased in April is being flipped for up to 30% return in late May/June.
     
  5. hardyakkagold

    hardyakkagold Active Member

    Joined:
    Mar 25, 2020
    Messages:
    182
    Likes Received:
    245
    Trophy Points:
    43
    Location:
    Melbourne
    Oh come on Lunar! That was one seller from Bendigo selling 4 x 1 oz roos yesterday using the same illustration for each,
    highly suspect in my opinion, I just hope that the buyers have not done their money with fakes or non existent coins.
    Although the seller had a 100% positive feedback, all the feedback that I saw was as a buyer not as a seller.
    I would not bid under those circumstances, nor would many other genuine buyers.
    So, that is probably why his coins sold for as low as they did.
    That does not give an accurate indication of current demand on eBay!
    There was another sale yesterday of 1oz gold coin from US which when factoring in gst came in at over $3300 Aust dollars.
     
    SliderC likes this.
  6. lunar

    lunar Member

    Joined:
    May 23, 2020
    Messages:
    30
    Likes Received:
    8
    Trophy Points:
    8
    That was average price of about 9 oz. Demand is weak and $3000 is a pipe dream while money is flooding into the Australian dollar. I *could* buy a dozen 1 oz roos at lunch for $2660 a pop. I would rather wait.
     
    sgbuyer likes this.
  7. hardyakkagold

    hardyakkagold Active Member

    Joined:
    Mar 25, 2020
    Messages:
    182
    Likes Received:
    245
    Trophy Points:
    43
    Location:
    Melbourne
    If you want to buy suspect 1 oz roos for $2500 from an eBayer who has not got feedback for selling
    even one gold coin, and then has four for sale at the one time, then knock yourself out.....

    Lunar, I suspect by some of your posts on here that you are a disgruntled former member with an agenda,
    if that is the case, I won't bother replying to your posts any more.
     
    SliderC, Ivykoin and 66rounds like this.
  8. lunar

    lunar Member

    Joined:
    May 23, 2020
    Messages:
    30
    Likes Received:
    8
    Trophy Points:
    8
    No agenda except perhaps as devil's advocate. Calling for $3000 only benefits those holding gold. I have been watching stackers stack silver when it was obvious gold was the better option and now I'm watching them sell silver for gold when it seems obvious to me silver is the better option.

    It should be reasonably easy to find gold under spot and silver $1-2 over in Australia at present. Perth Mint has been pumping out 1 oz roos and kilo bars by the tonne.
     
    66rounds likes this.
  9. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    1,294
    Likes Received:
    822
    Trophy Points:
    113
    Location:
    Idaho
    Any thoughts or comments on AUD strength? Last few weeks taken it almost back to level of this time last year against USD
     
    Holdfast and 66rounds like this.
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,575
    Likes Received:
    1,467
    Trophy Points:
    113
    Location:
    Singapore
    AUD might be tracking copper. China is hoarding copper. You need copper to build aircraft carriers, tanks and drones. All the trade bans for are food. Doesn’t matter if the peasants starve. There are too many of them anyway.
     
    Last edited: Jun 2, 2020
    jultorsk likes this.
  11. Karoi

    Karoi Active Member

    Joined:
    Sep 6, 2015
    Messages:
    103
    Likes Received:
    148
    Trophy Points:
    43
    Location:
    Perth
    heartastack and LiverBird like this.
  12. maverick

    maverick Active Member Silver Stacker

    Joined:
    Mar 14, 2018
    Messages:
    332
    Likes Received:
    199
    Trophy Points:
    43
    Location:
    Sydney
    Gold down by almost $20 AUD today .... is it the dollar effect or the pull back before spike ........
     
  13. maverick

    maverick Active Member Silver Stacker

    Joined:
    Mar 14, 2018
    Messages:
    332
    Likes Received:
    199
    Trophy Points:
    43
    Location:
    Sydney
    Down by $50 AUD in a day. . . .
     
  14. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    1,294
    Likes Received:
    822
    Trophy Points:
    113
    Location:
    Idaho
    good thoughts- I just read that iron ore is back at all time highs and China is still hungry for Aus ore which is pushing the AUD higher. Other than that Aussie economy not looking too flash for the short/med term so will be interesting to see what happens.
     
  15. OneDay

    OneDay Active Member Silver Stacker

    Joined:
    Sep 18, 2013
    Messages:
    291
    Likes Received:
    129
    Trophy Points:
    43
    Location:
    Australia
    USD sinking in value.
     
  16. maverick

    maverick Active Member Silver Stacker

    Joined:
    Mar 14, 2018
    Messages:
    332
    Likes Received:
    199
    Trophy Points:
    43
    Location:
    Sydney
    Sinking further . . . $2475 per ounce .

    Let's see what the new low:(
     
    66rounds likes this.
  17. maverick

    maverick Active Member Silver Stacker

    Joined:
    Mar 14, 2018
    Messages:
    332
    Likes Received:
    199
    Trophy Points:
    43
    Location:
    Sydney
    Now $2440 only. .. .$^@*$&@*@^!^
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,575
    Likes Received:
    1,467
    Trophy Points:
    113
    Location:
    Singapore
    If USD were to sink, then gold should rise. Or is it AUD rising?
     
  19. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    1,294
    Likes Received:
    822
    Trophy Points:
    113
    Location:
    Idaho
    Aud rising. USD dropped a bit but not as significant as AUD demand due to commodity demand spike (China)... from what little I read and see anyway
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,575
    Likes Received:
    1,467
    Trophy Points:
    113
    Location:
    Singapore
    Yes and ironically, it happened when China imposed restrictions and bans on Australian meat and barley imports. I think it might simply be the case of reduced supply (due to covid affecting many countries). This is a typical diversion tactic to confuse your opponent, same as the plague.

    Unlike software and services, manufacturing needs raw materials. China is more vulnerable than most people think. Australia actually has had the upper hand all the while.
     
    Last edited: Jun 4, 2020

Share This Page