Discussion in 'Gold' started by 2nd_Hand_Gold_Man, Mar 24, 2020.
Yes. Will take more than two weeks to get the Swiss gnomes back to refining work...
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:
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.
AUD could tank again though
The question in regards to the ratio is whether gold will drop or silver will rise
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.
If AUD crashes to 40c that will be a complete f*#k up
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.
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.
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.
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.
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.
Exactly. You're not alone there.
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.
On a side note 1.6 million people die from diarrhea each year.
lol.. diarrhoea is not a virus it’s a symptom.
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