Thoughts: ? deflation?

Discussion in 'Gold' started by anglox_b, Mar 27, 2020.

  1. anglox_b

    anglox_b Member

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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Another Harry Dent. While I don't think there is sub-$1000 gold, but it could drop back to $1400-$1500.
     
  3. ozcopper

    ozcopper Administrator Staff Member

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    Inflation not deflation coming. Look how much fiat currency is being printed worldwide!
     
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  4. anglox_b

    anglox_b Member

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    A period of asset deflation will precede inflation, the question is the extent to which gold will be included, if at all.
     
  5. ozcopper

    ozcopper Administrator Staff Member

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    It is true the real estate and business values could easily deflate as there is a lack of money in the public's hands at the moment.
     
  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    Agreed. I do think $1360 USD gold is very possible. I expect another drop in silver too. The way the AUD is going there could be a quite bumpy road ahead.
     
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  7. harry_mr

    harry_mr Active Member

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    Im expecting the overall outcome at best to be stagflation, with prices in certain areas of the economy experiencing inflation and other parts deflation.
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Anything is possible but it will be only a paper trade as there will be no bullion left if gold dips back to $1500!
     
  9. harry_mr

    harry_mr Active Member

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    Not really, its not uncommon to have all 3 flations in certain areas, but to commit to something once this blows over Ill say its a long stint of stagflation.
     
  10. openeyes

    openeyes Well-Known Member Silver Stacker

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    Yes if it only dips then there is no practical way to get our sticky hands onto any bars or coins. Purchasing miners might be worthwhile at that time. Still there is a long road ahead and until the path is a lot clearer I am still in cash.
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I bought gdxj at $26 and paas at $13 last week, very tempted to buy more but resisted. Discipline, discipline....

    Nearly bought JNUG but decided not to because it’s gambling. Got burned in 2000s playing x3.
     
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Buy your metals now or forever be silently regretful.
     
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  13. anglox_b

    anglox_b Member

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    Most people ( ie the great unwashed) are still ignorant, so isn't it mainly an issue relating to supply chains at the moment? I mean the Gold is still in the ground, the problem is no one's digging, transporting, distributing or posting it at the moment. Surely once things get moving again one will still be able to get one's sticky mits on it for the foreseeable future? My question is if this is a plandemic, which I believe it is- why have they conspired to freeze up the gold chain?
     
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  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    The mines aren't selling to the refiners. The refiners are closed to quarantine. The mints are rationing their supply. The dealers are hanging on for better days. The unwashed masses are lined up down the street for their piece of silver.

    Unless you have plans to open your own mine, buy your metals now or forever hold your silence regretfully.
     
  15. 66rounds

    66rounds Well-Known Member Silver Stacker

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    There is an assumption that things will normalise and dealers will return to their normal premiums. What is the evidence for this?
     
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  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    You must live in Northern NSW? ;)
     
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  17. anglox_b

    anglox_b Member

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    I have no evidence. But I know how much these guys love money ( and Gold). I can't imagine those mines will be shut down forever, not while there is still product in the ground. As to premiums I do not address this. No doubt the price of Gold will be forever altered, but I do believe it will become somewhat more available than it is at present until, of course, the whole thing falls off the large and looming cliff.
     
    Last edited: Mar 27, 2020
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  18. anglox_b

    anglox_b Member

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    I have my metals. I think the shut down was leverage to get key pieces of legislation in situ. Now that Trump has his bailout and the digital currency is all but assured, I think the narrative will shift.
     
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  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    We will get some kind of 'flation with Trumpbamas failed policies that's for sure.
    Someone should tell him when your in a hole and you want to get out, the first thing you need to do it stop digging.
    President no gains the bailout king isnt even close to being finished spending yet.
    Hes gonna show those leftist how a real man does it!
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Still no sign of shortage of gold in Singapore. Plenty of 1 oz , 100g and kilobars at low premiums.

    But silver is really running low. Even with BS's crazy 50% premium for 100 oz and more for kilobars, their bars are flying off the shelf. With the hundreds of kilobars and 100oz sold, they have made insane profits in the last week.

    I'm quite sure if dealers haven't raised premiums for silver, ALL retail silver would have been swept clean a week ago.
     
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