$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

    Joined:
    Sep 24, 2015
    Messages:
    194
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    south australia
  2. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    496
    Likes Received:
    600
    Trophy Points:
    93
    Yes. Will take more than two weeks to get the Swiss gnomes back to refining work...
     
  3. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    1,118
    Likes Received:
    808
    Trophy Points:
    113
    Location:
    Canberra
    No.
     
    Holdfast likes this.
  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,018
    Likes Received:
    247
    Trophy Points:
    63
    Location:
    Australia
    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/
     
    66rounds and madaw1 like this.
  5. heartastack

    heartastack Active Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    812
    Likes Received:
    216
    Trophy Points:
    43
    Location:
    Idaho
    AUD could tank again though
     
    66rounds and Holdfast like this.
  6. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    941
    Likes Received:
    554
    Trophy Points:
    93
    Location:
    Melbourne
    The question in regards to the ratio is whether gold will drop or silver will rise
     
    66rounds and Holdfast like this.
  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,018
    Likes Received:
    247
    Trophy Points:
    63
    Location:
    Australia
    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. :)
     
    66rounds likes this.
  8. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    941
    Likes Received:
    554
    Trophy Points:
    93
    Location:
    Melbourne
    If AUD crashes to 40c that will be a complete f*#k up
     
    66rounds and Holdfast like this.
  9. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,018
    Likes Received:
    247
    Trophy Points:
    63
    Location:
    Australia
    Understatement :D
     
    kilo likes this.
  10. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    217
    Likes Received:
    268
    Trophy Points:
    63
    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.
     
    66rounds, openeyes and Holdfast like this.
  11. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,904
    Likes Received:
    1,073
    Trophy Points:
    113
    Location:
    Australia
    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.
     
    66rounds and Holdfast like this.
  12. dragafem

    dragafem Well-Known Member Silver Stacker

    Joined:
    Jan 16, 2012
    Messages:
    5,141
    Likes Received:
    406
    Trophy Points:
    83
    Location:
    Sunshine State
    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.
     
    66rounds and Holdfast like this.
  13. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    4,010
    Likes Received:
    52
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
  14. hardyakkagold

    hardyakkagold Member

    Joined:
    Mar 25, 2020
    Messages:
    22
    Likes Received:
    31
    Trophy Points:
    13
    Location:
    Melbourne
    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.
     
    Silverling, STKR, 66rounds and 2 others like this.
  15. madaw1

    madaw1 Well-Known Member

    Joined:
    Dec 5, 2011
    Messages:
    1,249
    Likes Received:
    705
    Trophy Points:
    113
    Location:
    Great Western Country
    Venezuela...in Australia!
     
  16. hardyakkagold

    hardyakkagold Member

    Joined:
    Mar 25, 2020
    Messages:
    22
    Likes Received:
    31
    Trophy Points:
    13
    Location:
    Melbourne
    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

    Joined:
    Oct 14, 2010
    Messages:
    13,218
    Likes Received:
    2,433
    Trophy Points:
    113
    Location:
    Australia
    Exactly. You're not alone there.
     
    sgbuyer, 66rounds and openeyes like this.
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,124
    Likes Received:
    842
    Trophy Points:
    113
    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 at 1:36 AM
    66rounds likes this.
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,124
    Likes Received:
    842
    Trophy Points:
    113
    On a side note 1.6 million people die from diarrhea each year.
     
    66rounds likes this.
  20. heartastack

    heartastack Active Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    812
    Likes Received:
    216
    Trophy Points:
    43
    Location:
    Idaho
    lol.. diarrhoea is not a virus it’s a symptom.
     
    jultorsk and Holdfast like this.

Share This Page