So why is there so much really cheap gold on the forum at the moment?

Discussion in 'Gold' started by Peter, Nov 17, 2017.

  1. lakesentrance

    lakesentrance Member

    Joined:
    Dec 15, 2010
    Messages:
    273
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
    I reckon crypto is at least a 2 faceted beast. 1 is the speculative buying and selling to make quick profits, which was easy in Nov-Dec. My opinion is that has come to an end, or can only end in tears now.

    and 2 are the token/coins ICO's which are purely an investment in an idea you research to the best of your ability for a longer term hold. A bit like buying amazon or google in the early days of the dot com blitz. Instead of buying their shares, you're buying their token/coins. Same diff.

    I'm out of all speculation in cryptos now, and only hold some tokens I think are good business models with potential to become leaders in their field.

    So after a year or two away from stacking, i'm back and looking for that cheap gold.
     
  2. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,261
    Likes Received:
    53
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Is there really cheap gold on the site now? Haven't been on here for awhile (distracted by crypto obviously) but I don't see any good deals at the moment!
     
  3. surfsup

    surfsup New Member

    Joined:
    Jan 9, 2018
    Messages:
    10
    Likes Received:
    3
    Trophy Points:
    3
    So not trying to be a pain but these sales show $25 or $45 over spot, for example, and spot for gold is at $1350 yet these prices are $1650. How is that $25 over spot? (I deal in USD) What am I missing on these internet forum sales? (I always buy from a dealer)
     
  4. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    541
    Likes Received:
    284
    Trophy Points:
    63
    Location:
    NSW
    The great majority of members on this site are Australian who deal in Australian $$$ so those prices are correct in AUD. If you were to convert those prices into USD then the outcome would be similar, cheers.
     
  5. yuripuka

    yuripuka Well-Known Member Silver Stacker

    Joined:
    Jun 7, 2017
    Messages:
    478
    Likes Received:
    563
    Trophy Points:
    93
    The prices given on this forum are in Au$ not US$.

    Go to google and do a currency conversion.
     
  6. surfsup

    surfsup New Member

    Joined:
    Jan 9, 2018
    Messages:
    10
    Likes Received:
    3
    Trophy Points:
    3
    makes sense. Too bad. I would have bought one of those Austrian Coronas but I'm in the USA.
     

Share This Page