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

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

  1. SilverDJ

    SilverDJ Well-Known Member

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    Took Perth Mint depository several days to respond to an account enquiry of mine, they finally replied Sunday evening! and mentioned "we are currently being inundated with account openings and trades at the moment". Likely because it's the only place in Oz left that still has large physical stock (inc 1kg silver bars)
     
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  2. Lustre

    Lustre Member

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    A few people here have said that - but when you navigate to the online bullion section, you get “out of stock” for all 3 of the kilo options. 2020 kooks and Roos out of stock too, though there looks like 2016’s.

    I can’t see any kilo bars though they may be available at the PM store itself.
     
  3. silverhair

    silverhair Well-Known Member

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    I picked up 100 oz silver bar at ABC on Thursday last week, purchased on the 17th. No longer an option to order though.

    Shame I did not take a pic of it before dropping it off at CV for storage :\
     
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  4. TreasureHunter

    TreasureHunter Well-Known Member

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    Was it an ancient "pirate gold bar"? :D
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    I did have a discussion with "dumb noobs" a few days ago. They wanted to know which currency is better to put their savings in.
    My comments and ideas were ignored by the fiat lovers.

    They did actually believe that currency rates can go all the way up to a certain limit only, but not higher (hilarious).
    I tried explaining the Venezuela crisis, but they were too dumb to understand - although, the Venezuelan hyperinflation is in the mainstream news.

    One guy mentioned gold (like someone who just heard about it, but didn't actually invest in it), but someone put him down with "Man, gold is expensive" and so on and so on. So, the discussion went on about fiat currencies - someone at some point went into explaining why the GBP is the best investment right now (I don't believe that personally).

    People are uneducated. They don't understand and laugh you in the face if you try to explain hyperinflation, consumer price inflation, supply chain interruption etc.

    These dumb masses will jump aboard gold and silver just like they're doing now with different fiat currencies. The second category are semi-educated people (like the ones who jumped aboard Bitcoin too late).

    Gold is going up and I think 3,000 $ could be in next year. A possibility.
     
  6. Lustre

    Lustre Member

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    Could be in the next few months and then some

    Mainly due to events in the UK and USA

    Too early to say for Australia, though maybe some states will get their cases right down to nothing soon enough (say a month) and relax restrictions earlier than others.

    You can imagine the positive impact on the ASX with successive states and territories relaxing controls.
     
  7. lucky luke

    lucky luke Active Member Silver Stacker

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    ? Why would the ASX (or government) relax controls?
     
  8. Lustre

    Lustre Member

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    Infection controls. Ie, something hopeful in terms of the economy. Government relaxing these controls to the point where we were just over a week ago, at least within some states, should see a rally on the ASX.
     
  9. Lustre

    Lustre Member

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    I see gold going up the more nervous things get, in the meantime
     
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  10. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    My butt has been in a pucker, sent a check off to jmbullion last week and coin was supposed to be in stock.
    They should have my check by now I think and they said an extra 15 days for a shipping date.

    I will feel better when I have it in my hand!
    I'm sure all will be fine but its alot of $$ and I always have a little pucker factor waiting on shipment.
     
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  12. SilverDJ

    SilverDJ Well-Known Member

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    Harry Dent predicting US$700-$900 gold
    At about 30:00
     
  13. slavaja

    slavaja Well-Known Member Silver Stacker

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    He has a point but I just can't see it happening this time round. Not a 700-950usd crash maybe we could test $1375 but that's about it

    Also gold previously had a major bull run from $300 to $1000 so a 30% correction is understandable. This time round we came out of a 6 year bear market and my god gold is super hot atm
     
    Last edited: Mar 30, 2020
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  14. SilverDJ

    SilverDJ Well-Known Member

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    Yep, I can't see it going anywhere near US$1000 again, let alone under.
     
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  15. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Is he conscious of reality around him or does he eat through a straw? I think he well just yell the same nonsense for all eternity until he gets lucky one time so he can say ha, I told you so.
     
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yeah I dont know about harry. He seems to be a smart guy but he says off the wall things.
     
  17. JulieW

    JulieW Well-Known Member Silver Stacker

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    Harry Dent guessed right once and since then his tune has been the same but the orchestra is playing a different song.
     
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  18. Krakked789

    Krakked789 Active Member

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    Harry Dent's whole shtick is about gold and silver getting smashed and cash being king.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    USD is now king. But gold won’t do too badly either.
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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