Buy more gold?

Discussion in 'Gold' started by aelmsu, Jul 18, 2019.

  1. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Russia has been stashing... Putin wants gold roof on kremlin
     
  2. TreasureHunter

    TreasureHunter Well-Known Member

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  3. tigger2

    tigger2 Member

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    xauusd yes
    xauaud not so keen
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Buy grams or 1/10 fractional if the price moves bother you or it keeps you up at night haha. Smaller amounts are easier.
    It's nothing to worry about in my mind but it can help to chop it up like that.
    If I'm ever hesitant on getting an oz, I will get a 1/10 something or a quarter oz something and spend the rest on silver. Nothing wrong with switching it up.
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    No need to worry about spot when you can only afford a gram a week :rolleyes:
     
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  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Grams add up and I do it that way often. It's a no brainer. My lcs will sometimes have random gram bars and hes always fair.
    I feel dumb to pass those up so most of the time I will take some of them too. It adds up to serious bucks bro.

    People that think gold is expensive have never dug for it.
    Go to the best gold bearing creek and see what it takes to process an ounce haha.
    Makes my back hurt to think about it.
     
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  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Increase in AUD to over 0.69 overnight provides a new dip for buyers.
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I have a feeling we will see this continue. Falling USD will boost AUD as trump gets re elected and rides the dollar down the drain. This means XAUUSD will hit highs but XAUAUD may stay relatively flat. Great time for new stackers, best buying opportunities right now.
     
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  9. TreasureHunter

    TreasureHunter Well-Known Member

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    You'd be surprised how totally dumb average sheeple are. Many believe a 1 oz gold bar is "so tiny" and assume it's "cheap" :confused:

    When they see 5 grams, they'll ridicule it. Even those who can't afford a mere 5 grams. :rolleyes:
    But these people go to Starbucks every day, order expensive meals online, have the latest iPhone and smart watches :p

    We know best how things work. At SilverStackers.com :D
     
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  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Nope.

    Best finding another strategy.
     
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  11. TreasureHunter

    TreasureHunter Well-Known Member

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    In some countries, the USD is actually rising. It all depends on the local currency's strength vs the dollar.

    In fact, you would drool for dollars if you were from Argentina, Venezuela or some Eastern European country.
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Haha it's sad that it's considered strong. With 2 cents of purchasing power left in the dollar the others must be really weak!

    What are they doing to us?
     
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  13. TreasureHunter

    TreasureHunter Well-Known Member

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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    They could try haha.
    It was probably easy last time but it was also money and everyone had it and they trusted the govt more than now.
    No one has any gold anymore as far as they know.

    And 300 million+ in the US, just not logistically possible.
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There's a lot of noise in the market, lots of analysts on YouTube selling all sorts of sensational predictions both ways up and down, hoping to earn a couple more eyeballs and clicks, but I think the biggest factor is Fed fund rate and QE.
     
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  16. tigger2

    tigger2 Member

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    youtube is a total waste of time for anything finance. what I;ve seen on gold/silver on youtube is almost universally weird cult austrian economics.

    my interest in gold at the moment isn't so much what the fed is doing but simply that gold is relatively cheap this late in the business cycle. opportunity cost of moving 1 or 2pc of portfolio into gold is very low.
     
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  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Lol, I wouldn’t call Austrian economics weird, but it does have a bit of a cult following. For good reason.
     
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  18. TreasureHunter

    TreasureHunter Well-Known Member

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    True. But Mike Maloney is a recognized expert, not a "YouTuber".

    It's sad to see a large number of channels promoting "pseudo-economies", "pseudo-investments", hijacking the terms "collapse" and "crisis" for the sake of making big bucks. Countless channels are doing it.

    But you can still listen to Marc Faber, Jim Rickards... and a handful of others. You just have to dig through the rough to find them :)
     
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  19. TreasureHunter

    TreasureHunter Well-Known Member

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    In Bulgaria, Albania, Romania, Macedonia, Kosovo or the Ukraine... their economies aren't truly functional. Some of those countries are living from the money their expats send home (working abroad) or, from natural resources extracted there and sold. Foreign investments flow in periodically as "gifts", but once they slow down, the economy sinks.

    Their currencies are "monopoly money" or "casino chips." Literally.

    Kosovo uses the Euro - they don't even have their own currency!
    (as a parallel, Panama uses the USD, but at least they have a major asset: the Panama Canal)

    Imagine living in a country where the currency is by default "worthless", lacks even the backing of a functional economy.

    Then, add negative interest rates, slowing production (of nothing really valuable anyway), constantly devaluing currency, highly unstable economy and on top of that a major crisis. This is why people are fleeing Eastern European countries like passengers flee a sinking boat.

    The US dollar is like GOLD in those countries. Although, the trend is to save in Euros, because the EU is close and they can easily buy anything in the EU for their Euros.
     
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  20. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    The Albanians love them some Euros, but only in ca$h. Try paying them with a card......good luck!
     
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