At what price are you selling?

Discussion in 'Gold' started by Pirocco, Aug 8, 2020.

?

At what price are you selling?

  1. * NOW

    0 vote(s)
    0.0%
  2. $2200

    0 vote(s)
    0.0%
  3. $2400

    0 vote(s)
    0.0%
  4. $2600

    0 vote(s)
    0.0%
  5. $2800

    0 vote(s)
    0.0%
  6. $3000

    1 vote(s)
    5.9%
  7. $4000

    1 vote(s)
    5.9%
  8. $5000

    4 vote(s)
    23.5%
  9. Way over $5000

    9 vote(s)
    52.9%
  10. NEVER

    2 vote(s)
    11.8%
  1. Pirocco

    Pirocco Well-Known Member

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    ... the yellow ones?

    EDIT: in United States Dollar !
     
    Last edited: Aug 8, 2020
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    When my stack can get me a large plot of arable and productive land, I'll sell.
     
  3. Farkle Minkus

    Farkle Minkus New Member

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    Never, because it will soon be too expensive to buy back in.
     
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Then of what use are your shiny yellow rocks?
     
  5. Farkle Minkus

    Farkle Minkus New Member

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    I use them as a security blanket and never get tired of looking at them......My precious ;)
     
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  6. alor

    alor Well-Known Member Silver Stacker

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    its the guardian of my Ag
    so when it become possible for the increase to swap Ag into Au
    then the metals portfolio will be rebalanced
     
  7. hardyakkagold

    hardyakkagold Active Member

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    Spot on @alor, I am with you on that bro!

    I also am waiting for the silver to gold ratio to come substantially down from recent highs and closer to the long term averages,
    then I will be converting most of my silver into gold.

    Because lets face it you can easily fit a million dollars in gold into a suitcase, if you need to bug out of the cities if they become uninhabitable,
    or to flee overseas if things become bad everywhere here.
    Yet you would need to tow a trailer to carry even half a mil in silver around with you, which might be impracticable in the world we are entering.

    So from a mobility and practicability point of view being mostly in gold will be the way to go for me.
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    But when will you sell your gold?
     
  9. hardyakkagold

    hardyakkagold Active Member

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    The whole point is roundy, I will be selling my gold little by little, when I need to pay for everyday bills and living expenses if I have limited
    or no other source of income when I am older.

    I will not be selling it all off it at some magical high number and squandering the proceeds ( although I might sell a fraction of my stack
    to purchase a country retreat when the price of real-estate drops by 60% or more)

    In the brave new world that we are entering there will be no pensions or social security payments that Aussies are so accustomed to,
    so we will be like any other third world country, prepare while you still have a chance people.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    That's one reason I stack too. I cant see any reason I'd need to sell any besides an emergency. I'd rather save cash.
     
  11. Pirocco

    Pirocco Well-Known Member

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    $2000 - 60% = $1200, the price of 1 year ago.
    Ow right, I'm wrong, you need $2000 + 60% that's $3200, if real-estate just stays.
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Even easier on a USB stick.


    You’re reading the wrong novels.
     
  13. alor

    alor Well-Known Member Silver Stacker

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    what do you mean selling?, i don't have enuff of the yellow stuff yet
    another 10- years, many would have retired
    so the pension money would be used first, then sell assets etc, lastly is gold, if the price is high enuff
     
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  14. Pirocco

    Pirocco Well-Known Member

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    Governments are now since a decade buying gold, being one of the big reasons for the recordhigh price.
    The decade before that decade, they sold gold, being one of the big reasons for the then recordlow price.
    "Central Bank Gold Agreements".
    You do realize guys, that when they switch back to what they did the first of both decades, that this will suppress the gold price trend relative to other prices, including even a straight lower figure?

    Central bank & other institutions
    - positive figure means total net = selling
    - negative figure means total net = buying
    year / tonnes / average gold price that year / estimated cost per tonne based on average gold price
    1997 326 $330.98
    1998 363 $294.24
    1999 477 $278.88
    2000 479 $279.11
    2001 520 $271.04
    2002 547 $309.73
    2003 620 $363.38
    2004 479 $409.72
    2005 663 $444.74
    2006 365 $603.46
    2007 484 $695.39
    2008 235 $871.96
    2009 34 $972.35
    2010 -79.2 $1224.53
    2011 -480.8 $1571.52
    2012 -569.3 $1668.98
    2013 -623.8 $1411.23
    2014 -583.9 $1211.71
    2015 -576.5 $1160.06
    2016 -389.8 $1250.74
    2017 -374.8 $1257.12
    2018 -651.5

    In 1980 golds price (all here averages, those DO reflect tonnes, not peaks or bottoms) was $612,57
    In 2001, 21 years later, the gold price was $271,04
    Other prices, including houses / land rose big time, gold even dropped instead, to less than half (44%).
    Now gold is $2000, like 7 times the recordlow of 2001.
    That's something to ponder 'bout, no?
    One can always think, maybe there is a bigger fool out there.
    But at $2000, the chance is high you run out of fools.
     
  15. hardyakkagold

    hardyakkagold Active Member

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    And what makes you think that government central banks will once again start selling gold Pirocco, apart from the fact that
    they have done it on some previous occasions?

    Gold has once again become a tier one asset, and will be used in the future as the backbone of the world monetary system,
    whether the bankers want it or not, there will be no other alternative.

    But, you go right ahead and sell your gold at $2000 per ounce ( that is if you have any ) and we will see in a few years time
    who the fool is.:D
     
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  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    When they realise they don’t need gold.
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold at $2000 looks expensive, but if compared with Amazon, Apple and Tesla stock, it's too cheap. The rich and pension funds need to put their wealth somewhere. The whole world is becoming just like the photo below. Slums at the bottom and condos costing hundreds of thousands of dollars to millions at the top.

    [​IMG]
     
    Last edited: Aug 11, 2020
  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Is this India or Brazil?
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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