Gold Just Hit AU$2,000

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

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Gold went on a BULL run in Wiemar Germany measured in German confetti in the 1920's, but not in Gold-backed currencies. Never fall for measuring your wealth in PAPER, or DIGITS.
    Rant off.
    3.jpg
     
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    If you do get the urge to measure your wealth in PONZIES, I have a few of these freshly printed ones with the same value as 'ALL FIAT CURRENCIES'.
    p.s. I don't have the guns to force you to accept my PONZIES, unlike the Governments of the World who STEAL YOUR PRODUCTION & SAVINGS through this method. It's a good SCAM if 'THEY' can keep it. Another rant better out than in. LOL. _JOHNLGALT.

    1,000,000,000 PONZIES.JPG
     
  3. mrsilverservice

    mrsilverservice Well-Known Member

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    Maybe they are both yesterdays metals,and Gold with never go out of "fashion" still being the ultimate insurance :)
     
  4. raven

    raven Well-Known Member Silver Stacker

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    Yeah, I guess the gsr should be around 20, but manipulated away from that via the comex !
    Pretty confident though that the industrial uses of Ag in the not too distant future, will see the price rise and the ratio not being able to be "doctored", so to speak.
    As soon as the delivery status of silver becomes exhausted, then at that time, silver may blast off.
    It's all going east, so hang on :)
     
  5. raven

    raven Well-Known Member Silver Stacker

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  6. raven

    raven Well-Known Member Silver Stacker

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  7. SilverDJ

    SilverDJ Well-Known Member

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    Why should silver suddenly "blast off"?
    Industrial use isn't increasing, coinage use and jewelry isn't suddenly increasing, and gold is as it's always been the dominate "safe haven" to stash your wealth for private individuals, corporate, and countries, and that's very high profile at the moment. No one is looking at silver as a safe haven.
     
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  8. raven

    raven Well-Known Member Silver Stacker

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    ^^^^^^^
    Have a listen to the links provided, and all will be revealed !
     
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  9. SilverDJ

    SilverDJ Well-Known Member

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    How about you TLDR; us?
     
  10. JulieW

    JulieW Well-Known Member Silver Stacker

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    $2100 in sight. U$D 1400 gone.

    US 1450 supposedly takes it to 2k on the run.

    Interesting times.

    Get ready to pay off the house:rolleyes:
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    It's tantalising to think.
    Although as always it's about timing, those who bought from 2011-2013 are still not happy campers. That's a long time with still no return.

    upload_2019-6-25_17-25-30.png
     
  12. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Correct, if you'd bought in USD then yes, still out of the money. If one had bought in AUD, then with the AUD being above USD1.00 at various times in 2011 thru 2013, the max AUD gold price was circa AUD1700 oz, so back in the money come 2019.
     
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  13. JulieW

    JulieW Well-Known Member Silver Stacker

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  14. raven

    raven Well-Known Member Silver Stacker

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    I'm not your secretary !
    far too busy stacking.
    ;)
     
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  15. JOHNLGALT

    JOHNLGALT Well-Known Member

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    HA HA HA. I just had to log-in to give you a LIKE on that one ROTFL.
     
  16. JOHNLGALT

    JOHNLGALT Well-Known Member

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    If people won't listen to the message of Gold & Silver, they will not listen to Max Keiser and his guest David Morgan explain what is happening in the 2nd half of this video (at 12.30 mins).

     
  17. mrsilverservice

    mrsilverservice Well-Known Member

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    Gold hit $2065.00 overnight screaming the truth that this world is in a lot of hurt with things only getting worse in my opinion :confused:

    The market couldn't handle that much truth so it push it back down $30.00 yes only $30.00 :)

    Gold always tells the truth just like me :D
     
  18. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Platinum and Silver have a mountain of readily recyclable scrap that are flooding the market for a generation at the least

    Platinum have thousands of metric tons of early catalytic convertors scraped every year with newer cars needing a fraction of platinum per converter

    Silvers has billions of ounces all neatly stacked in solar cells most with 30 year life. These silver rich panels are starting to hit the scrap market, and with new solar cells using less than 10% of silver and alternate proven technology allowing silverless panels, the prices cannot moves up beyond $17 USD, because manufacturers will start moving away.
     
    Last edited: Jun 26, 2019
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  19. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    More-gone sounds deflated, and has finally conceded that silver is more an industrial commodity than a monetary metal, worth little more than an outside punt at this stage.
    In a nutshell, he is says that silver is shyte and gold is king, and that is being reflected in the imaginary prices measured in imaginary $USD.
    Ironically, after dumping on the $USD with all the fiat rhetoric, he compares it to bitcoin - pointing out that the $USD strength will remain because the majority of the world has faith in it, which is the driving force in valuations.
    I haven't listened to him for a long time, but his tune seems to have changed somewhat over the last few years.
     
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  20. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    However I reckon during the next global hiccup prices will move up because the pumpers will be talking it up.

    Plenty of people who know very little about assets and finance.
     

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