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

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

  1. Michael Stevens

    Michael Stevens Well-Known Member Silver Stacker

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  2. TreasureHunter

    TreasureHunter Well-Known Member

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    Correction: the GoldPrice.org counter was stuck at 1,560 $ :D So, the real price is 1,712 $.
     
    Silverling likes this.
  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Could easily see $3,000 ounce gold with 30% unemployment for a year maybe more if it’s 30% unemployed for two years.
    But would drop like a rock if/when a vaccine is discovered to $1500
     
  4. madaw1

    madaw1 Well-Known Member

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    I could be wrong,but the proper vaccine won't be discovered for many years(even the vaccine can used as soon as in 2 years for different purpose)-so we can still enjoy gold going up....
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    Gold is sound money. All you need are good ears to hear it :D
     
    66rounds likes this.
  6. Krakked789

    Krakked789 Active Member

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    Buy vaccine shares just before the plunge...
    o_O:eek:
     
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  7. Krakked789

    Krakked789 Active Member

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    All you need is gold...bah bah-dah bah-dah...

    (and silver...)
     
  8. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    You want a vaccine :eek:
    Have they found a vaccine for influenza that works?
    So, everyone is confident that COVID 19 won't mutate to something more sinister.
    Err, the US is going into summer and they are still crook, what happens when winter comes along; what will the unemployment figures be, how many banks will fail, how many businesses will vanish like a ship in the fog.
    What countries will take advantage of weakened countries?
    Who will control the air and sea lanes?
    Which country will be re-thinking their military strategies and preparing?
    Don't be lulled into a false sense of security.

    If you've put off planting that Lemon Tree because you think everything is going to be dandy, go plant an orange tree, a mandarin and if you are in SA, grow as much stone fruit as you can.

    If you planned a holiday and have put it on the back-burner, you'll not know how long for.
    You'll not know when you need cash for family.
    You'll not know when your boy or girl says Dad, Mum, I've no where to live, can I come home.
    If you have cash, if you have your home paid for, if you can produce enough food so that you can guarantee you'll live and you have access to potable water, you better start thinking about when things turn to shite.
    A few ounces of gold after all the other stuff is taken care of might be your security or at least, you've converted holiday and big toy money into physical.

    It ain't over until it's over, expect the un-expected. (if you want) ;):)
     
    Krakked789, 66rounds and madaw1 like this.
  9. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Influenza vaccine, get one every year. Won't save everyone, but if death rate goes to 0.1, than that's normal.
    We lived with 0.1% death from influenza so why would anyone care if Covid-19 kills 0.1% every year.

    Just dont be fat and have diabetes.
     
    Holdfast likes this.
  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I'm sure in the future all these retards will be crying that they are broke and cant find a job and I'll say....
    You did it to yourself dummy! Good job!
     
  11. TreasureHunter

    TreasureHunter Well-Known Member

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    It's unbelievable, but even in these condition people around me do the following:
    - they order useless items online and are planning their vacations for "after Corona"
    - keep picking the "right savings asset" between fiat currencies (like "which currency is better?")
    - they think things will be "all right" by next year, because all that has to happen is for the economies to restart
    - some look at gold, but consider it "too expensive" (no, they don't even look into it: it's almost unobtainable!)
    - they don't stack food, believing that "only idiots hoard" and don't understand anything about the supermarkets' supply chains

    Many people are already going broke, I'm sure. In fact, on an individual and small group level some are going into mini-Venezuela-type Maduro diets.
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I've tried to get my mom to buy some gold as an insurance and she says it can go down too.
    I cant seem to get her to understand the importance of diversifying.
    She thinks diversifying is having different paper assets but that's all the same, it's still paper.
    Shes always learned that you buy stocks and hold them forever. It's a long term game she says!
     
  13. TreasureHunter

    TreasureHunter Well-Known Member

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    I remember your situation, bro. I know it's difficult.

    Most people never see the opportunities ahead, not even when they shin right in front of them.
    Perhaps it helps showing here a few charts.

    If someone understands stocks, then understanding gold should be far easier.

    Even the most educated people are numb to what's currently unfolding in the world economy. They have no clue.
    Silverstackers is a hyper-encyclopedia in comparison to what others know or understand about the global economy.
     
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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Well she doesnt understand stocks either, or fiat or any of what we talk about here haha.
    She thinks they went to paper fiat because it's easier and better.
    (Her tv is on fake news 24/7.)
    She has a broker do that work for her and she never questions him or thinks about selling a little bit here and there when gains are good.

    I've been talking to her alot more lately about this stuff trying to put a bug in her ear so hopefully she will come around eventually.
    Hopefully before she loses much more.

    I totally understand the people not listening thing and its frustrating.
    It's her money and she thinks she doesnt understand enough about it to have a say.
     

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