$3000 GOLD WITHIN 2 WEEKS ?? YES OR NO ??

Discussion in 'Gold' started by 2nd_Hand_Gold_Man, Mar 24, 2020.

  1. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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  2. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Yes. Will take more than two weeks to get the Swiss gnomes back to refining work...
     
  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    No.
     
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  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Up by the stairs, down by the elevator.
    I think we will have a good drop and then surpass current levels.
    I see another buying opportunity for physical, that's if you can get it.

    As an aside:
    Silver
    The gold silver ratio is too far out of kilter. At the current 1:115, that's a screaming buy for silver.
    I'd anticipate the GSR will go back to under 1:100, more likely 1:85.
    If you look at the chart for the GSR, that grass root has grown like Asparagus or Bamboo and may collapse.
    https://www.bullionbypost.co.uk/price-ratio/gold-silver-ratio-chart/
     
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  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    AUD could tank again though
     
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  6. slavaja

    slavaja Well-Known Member Silver Stacker

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    The question in regards to the ratio is whether gold will drop or silver will rise
     
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  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    AUD crashing lower? Probably to 40 as some have predicted.
    Gold price drop - probably and silver will coast higher as the AUD falters.
    It's going to be interesting to see how metal performs in AUD. :)
     
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  8. slavaja

    slavaja Well-Known Member Silver Stacker

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    If AUD crashes to 40c that will be a complete f*#k up
     
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  9. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Understatement :D
     
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  10. Slimey

    Slimey Well-Known Member

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    If the U.S. dollar backtests the 100 mark, we could get another significant rise in silver, but I can't help but think there could be one last big drop. Mid April maybe.
     
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  11. SilverDJ

    SilverDJ Well-Known Member

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    Gold doesn't have to drop for the GSR to go down. In fact gold can still be rising and the GSR can still drop if silver goes up faster.
     
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  12. dragafem

    dragafem Well-Known Member Silver Stacker

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    Does not matter what drops where as by that time all the bullion dealers could be closed.If that happens who would sell any metals if not necessary.
     
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  13. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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  14. hardyakkagold

    hardyakkagold Active Member

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    I would rather that the gold price went back to $1500 and that everything was like it was before the Coronavirus crisis.

    Then to have $3k, $4k, or even $5k gold and the fear and suffering that I am seeing all around me already.

    I am well-stacked but not enjoying this one bit.
     
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  15. madaw1

    madaw1 Well-Known Member

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    Venezuela...in Australia!
     
  16. hardyakkagold

    hardyakkagold Active Member

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    Not according to my calculations, we have already been in the high 40s about 20 years ago.
    When we reach the 30s is when we reach the official Venezuela/Zimbabwe banana republic status IMO.
    And it may come sooner than anyone might have imagined.
    Take no notice of the recent rally, once a coupe million newly unemployed start showing on the statistics
    it will start dropping dramatically.
     
  17. JulieW

    JulieW Well-Known Member Silver Stacker

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    Exactly. You're not alone there.
     
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  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I just ordered a pre33 $5 Liberty half eagle from jmbullion. A random year XF minted between 1838 and 1907 or something like that.....it was $502 usd.
    I figure premiums are here to stay and my boss gave me a little bonus. The best way to honor a bonus from hard work is to stash it away for a rainy day like you never had it.
    Hopefully it comes before the zombie apocalypse!
    I've never paid this much for a coin before but in 30 years it probably wont matter.
    We all know where things are going and I dont believe it's time to stop buying yet.
     
    Last edited: Mar 26, 2020
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  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    On a side note 1.6 million people die from diarrhea each year.
     
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  20. heartastack

    heartastack Well-Known Member Silver Stacker

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    lol.. diarrhoea is not a virus it’s a symptom.
     
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