How deep will gold's correction go?

Discussion in 'Gold' started by TreasureHunter, Mar 6, 2021.

  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    Where do you pluck those ‘fair value’ numbers from, for silver?
     
  2. tater

    tater Active Member

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    Looks like China is going to go on a gold buying spree. This is when you wish the stack were bigger.
     
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  3. TreasureHunter

    TreasureHunter Well-Known Member

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    That must be a wild guess. It can go anywhere, depending on fiat's devaluation and the market's appetite.

    Some even say silver could hit 500 $. That is just another wild guess.

    If 35-40 $ is "fair value", then many people are overpaying now, because prices are generally between 35-45 $ right now (premiums are the main cause).
     
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  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Spots UP!
    GIDDY UP!
     
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  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    Well, exactly.
     
  6. crewy

    crewy Active Member

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  7. heartastack

    heartastack Well-Known Member Silver Stacker

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  8. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The values are in usd. It is based on the historical price of silver. Silver is now $26, so $35 to $40 is still 35-50% higher than current price.

    Of course fair value can change. A year ago I made a calculation that a historical value of silver, in the 19th century was $28, we're very close to that now. But in view of the the hype in bitcoin and "inflation", the fair value could be adjusted upwards.

    My way of investment is I only buy undervalued stuff, I don't bother about potential bubble prices. If there's a bubble, all the more better. But if there's no bubble, I can wait for natural appreciation.

     
  10. alor

    alor Well-Known Member Silver Stacker

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  11. heartastack

    heartastack Well-Known Member Silver Stacker

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    Surely it should be % huh
     
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  12. alor

    alor Well-Known Member Silver Stacker

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    it will be August by then bottom would be seen
     
  13. TreasureHunter

    TreasureHunter Well-Known Member

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    I still think it could go sub-1,700 $.
     
  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    Nah
     
  15. tater

    tater Active Member

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    Time frame?
     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    Some time this year, could be summer already.

    The other possibility is that it is going up, because I see a possible double-bottom on the charts.
     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Possible, but from an investment point of view, it doesn't matter because what's important is it will rise later. My feeling is it has already bottomed early march.
     
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  18. alor

    alor Well-Known Member Silver Stacker

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    https://economictimes.indiatimes.co...6-billion-in-2020-21/articleshow/82127599.cms
    Gold imports jump 23% to $34.6 billion in 2020-21

    Read more at:
    https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

    yet the number for China was just $8.5B ??? or on just this green light

    About 150 tonnes of gold worth $8.5 billion at current prices is likely to be shipped following the green light from Beijing, four sources said. Two said the gold would be shipped in April and two said it would arrive over April and May.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Just a note that the GSR has been going up since early March and even marginally against Feb when when the "silver squeeze" movement started.
     
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    I am thinking how high gold will shoot up if za Russians attack Ukraine...
     

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