Gold Just Hit AU$2,000

Discussion in 'Gold' started by GoldenEye, Jun 20, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Me too when I started buying gold and silver in 2000s, found it moved too slowly after a year and gave up, started to play stocks. The trouble is precious metals is not for returns. Trying to earn from pm to pay a mortgage is a dead end.

    I think we reached the dead end for the property bubble in China. Don't know about Australia. In Singapore, the market is highly controlled to begin with, so even if it falls, it won't be severe - like 20%-25%. But HK, price can fall 70% like it did in 1997. In China, a lot of real estate will become worthless - it happened in Malaysia and Indonesia when projects are half-built and never completed. The trouble is the house buyer still owes the bank for the full sum.
     
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  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    That's me.
    Got sick of waiting for the holy grail move in silver that may or may not eventuate - considered that too much of a gamble. Silver has given me miserable returns over the last 8 years, so it was time to call a bad decision exactly what it was. I offloaded all my silver holdings in October, and it was substantial.
    Put the cash into a particular stock in November, and I'm up 70% in 2 months. (One member here who I bounce around trading ideas with can vouch for the stock call and trade).
    Silver was too much of an opportunity loss for me.
    Kept my gold though. ;)
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Man, if youre already up 70% I would call it quits and cash out. Especially given were early in to 2020 and it already looks like gulf war electric boogaloo 3.0 is heating up. Im not a gambling man so no stocks or silver for me, just gold whenever i have the spare change. If i get a couple ounces of silver at spot every now and then i buy it but consider it the same as buying a lottery ticket. My original stack of 150oz of 1966 50c rounds got sold when we hit $27 AUD an ounce and converted to gold because silver was just too volatile for me.
     
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  4. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Metals are looking like they want to blow sky high.... glad to be a holder.

    Iran saying they would be happy going to war.
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Assassinate the equivalent of one of their Joint Chiefs of Staff and then admit it openly. What response did anyone expect. A bouquet of flowers?
     
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  6. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I also think you are a little silly if you don't have any crypto in the current times.
    Yes, they can be risky.... however people want somewhere to park their money outside of the never-ending guv'ment printing machine. Easy option.

    Worth mentioning that Bitcoin generally operates on a 4yr cycle. We're now into that 4th year............. I expect this quarter should be quite exciting.
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Silver is actually a long term hold. If you're look for upside, should look into platinum which is even more volatile. Platinum went up 20%, but some of the platinum stocks already went up 100%. Imagine if platinum goes up to $2000.
     
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  8. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Michael (Bullion Now) says "Don't Panic"
    Looks like there are no bush fires around near his rural property in Country Victoria. _JOHNLGALT.


     
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  9. alor

    alor Well-Known Member Silver Stacker

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    wait for the Iranian revenge, they always go for life for life. blood for blood
    it is very good to watch what is coming, that is the news
     
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  10. alor

    alor Well-Known Member Silver Stacker

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    its the same thing as saying silver is going to their $50 as in back in 1980 or Apr 2011
    platinum was $2000 back in Mar 2008

    just look at Palladium hitting 2k+ soon which is double the last high $1100 Dec 2000

    all in all, we would easily see multiple of their former highs
     
  11. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Here we go...
    Screen Shot 2020-01-06 at 12.13.34 am.png
     
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  12. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Gold price is "going through the roof" beyond U.S$2,000 says Peter Schiff. 21 Jan 2020.
    Kitco News.


     
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