GOLD IS GETTING SMASHED!!!!!!

Discussion in 'Gold' started by betterinvestmentthanshare, Mar 16, 2020.

  1. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    $2369AU and going down
    7:50PM wEST aUS TIME
     
  2. tater

    tater Active Member

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    Its not the only thing getting smashed. Everyone is cashing out of everything right now.
     
  3. dross

    dross Active Member

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    It seems for all the smashing its determined to rise again shortly their after ($2476.54 @ 9:37) who knows what it will be at the end of each week. Feels like a spring under pressure atm to me but in the markets as well as the metals anything can and does happen.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    It's hardly getting "smashed", it is in fact holding up very nicely.
    Silver is the one getting "smashed"
     
    TreasureHunter, wrcmad, dross and 4 others like this.
  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    +1
     
  6. silverhair

    silverhair Well-Known Member

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  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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  8. TreasureHunter

    TreasureHunter Well-Known Member

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    It's anyway the paper markets that decide the prices.

    Shouldn't Platinum be a better investment right now? But it's impossible to find at an affordable price.
     
  9. silverhair

    silverhair Well-Known Member

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    Kjc has half kilos for 20k.
     
  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I like how he said affordable and you say 20k. Baller.
     
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  11. TreasureHunter

    TreasureHunter Well-Known Member

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    At around 745-750 USD per spot, Platinum is attractive. I'm aching to see it at 600 USD again.

    At 850-900 USD/1 oz from a dealer, I say it can be called "acceptable", even though at 850 USD I'd stop calling it "affordable".

    Right now it's UNOBTAINABLE.

    But once it starts appearing, I expect outrageous prices. If a little "cooling down" follows and mints start feeding us with more Platinum coins and bars, then it might become a good buy again... but by then the "big fish" will have caught on already and will be on a bullish course already above 1,000 USD. I think it's already turning bullish :/
     
  12. TreasureHunter

    TreasureHunter Well-Known Member

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    Yes. And you being SilverDJ must have a helmet on right now, correct?
     

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