Discussion in 'Gold' started by Pirocco, Aug 8, 2020.
... the yellow ones?
EDIT: in United States Dollar !
When my stack can get me a large plot of arable and productive land, I'll sell.
Never, because it will soon be too expensive to buy back in.
Then of what use are your shiny yellow rocks?
I use them as a security blanket and never get tired of looking at them......My precious
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
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.
But when will you sell your gold?
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.
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.
$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.
Even easier on a USB stick.
You’re reading the wrong novels.
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
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
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.
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.
When they realise they don’t need gold.
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.
Is this India or Brazil?
It should be Mumbai, I just Googled an image.
here's the link - https://www.businessinsider.com/aerial-drone-photos-mumbai-extreme-wealth-slums-2018-9
Have you watched the Expanse series? Earth is basically like Mumbai in the drama.
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