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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    BREAKING NEWS A short video on what may have caused the spike in Precious Metals:

     
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "They Lost Control Of The Gold Market" Bill Murphy GATA.


     
  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Only pseudo experts talks about gold and silver prices in one narrative.
    Gold and Silver pricing has nothing in common in the modern age.

    Silver has more similarities to copper than to precious metals and the pricing fundamentals confirms it.

    Don’t get me wrong silver won’t be $2 a pound like copper.

    Consider this copper is more expensive than iron and that doesn’t make copper a precious metal.
     
    Last edited: Jul 2, 2019
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  4. mrsilverservice

    mrsilverservice Well-Known Member

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    Gold $2039 :eek:

    That drop to $1976.00 over the weekend didn't last long - up $63.00 :D

    Gold always tells the truth,and the truth is this world is in a lot of trouble,financially and politically o_O






    The Book of Psalms Chapter 55 verse 22

    Cast your cares on the Lord,and He shall sustain you,He shall never permit the righteous to be moved :)
     
  5. Gullintanni

    Gullintanni Well-Known Member

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    This bump was due to Trumps new appointment to the fed.
    Good time to be selling.
     
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  6. prospect

    prospect Active Member

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    Or it might have something to do with the reported US-Russian submarine firefight which Depka is confirming as factual.
    We sure are living in interesting time, to say the least!
     
  7. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Nothing do with submarines lol.
     
  8. prospect

    prospect Active Member

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    Of course not!
    Now go back to your Main Stream Media Mind Programming.
     
  9. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Thanks for agreeing.
     
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  10. prospect

    prospect Active Member

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    That's OK, experience has taught me that debating with programmed people is the same as banging your head against the wall. ;)
     
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  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Silver is a PM because it has special properties. Has nothing to do with price. Reading helps.
     
  12. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Let Mark Twain help you out:
    NEVER ARGUE WITH STUPID PEOPLE.JPG
     
  13. JOHNLGALT

    JOHNLGALT Well-Known Member

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    This is a 100 year gold/silver overlay chart showing the correlation between the 2 Precious Metals:
    100 YEARS GOLD SILVER OVERLAY CHART.JPG
     
  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Economic theory time :D :

    Value is subjective and subjective value is what determines the price an individual is willing to part their money for a good. Individuals (including companies) make subjective judgments about the relative price of competing goods that they wish to buy and part of that assessment is based upon any special properties that the good may possess (its innate characteristics), the individual's own satisfaction received from using a good (utility) and any competing demands for utility they have for other products. This process is referred to as the law of Diminishing Marginal Utility. The subjective nature of value, combined with the law of diminishing marginal utility explains why water can be more valuable than diamonds yet the price of water is much cheaper, even if most of us value the innate properties of diamonds more than water. Silver is just not very valuable and this is reflected in its low price. Some may say it's undervalued, others would differ. I'm in the second camp.

    Clearly, there is now a disconnect between silver and gold demand, for whatever reasons. In the same way - though with a deal of more clarity - platinum now lags palladium's price.
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Good points there and the PM's have a huge demand with over 500 paper ounces for every physical ounce.
    And the fact that silver and gold have been a trusted form of money around the globe for 6000 years helps too. That's all the theory I need!
    We wont ever hear much of a gold/silver shortage until they admit we are all staring at a big shit sandwich and we all have to take a bite. Then the voluntary buybacks will start.
    As for now the American vaults are overflowing of maga and things have never been better for the shrinking middle class.
    "We can always pay our bills because we can always print money" DJT - 2018
     
  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I think the gold/silver historical argument is overplayed. Technologically we’ve moved on and silver has long played out its role as a currency that moves hand-in-hand with gold.

    Ignore theory at your peril.
     
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  17. Gullintanni

    Gullintanni Well-Known Member

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    Has anybody bothered to sell into these recent highs or is it a case of hold till the moon?
    If had bought in May or earlier you would be getting back some decent cash .
     
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I wouldnt ever sell anything unless something crazy happened and it would pay off my mortgage or a big run up that could be life changing.
    Otherwise mine is in "cold storage", never to be sold and only added to until I'm an old man and too old to work.
    I'm all in and wouldnt sell at these ridiculous low prices. No way man. Now is still a buyers market.
    If anything, I'm waiting for the ratio to close so I can transfer silver into gold to increase my gold holdings. Figured it might be an easy way. Not really looking to sell any time soon personally.
     
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  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    When two things that have been closely related for all of civilized history suddenly break apart under a highly manipulated and failing 100 year old fiat currency, I wouldnt consider that overplaying or playing out its role. It's new history being made is all. Diluting the metals is the only way to control the fiat and that's what it is, a dilution by paper.
    The money roles have been changed as they have many times before but what doesnt change is how things end up. It's always the same.
     
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  20. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    So we’re faced with a choice in explaining why silver has decoupled from gold.

    Economic theory or conspiracy theory. ;)
     

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