WARNING!!!!Gold is now getting smashed

Discussion in 'General Precious Metals Discussion' started by betterinvestmentthanshare, Mar 16, 2020.

  1. Vezpit

    Vezpit Active Member

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    It would make a few Countries very happy to see the end of USD dominance even though the SDR is just a sort of cloak to hide the dollar's main faults.
     
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  2. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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  3. Krakked789

    Krakked789 Active Member

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    Blissful ignorance...
     
  4. Timmy88

    Timmy88 Active Member Silver Stacker

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    This may be that day, what do you think Vezpit ?
     
  5. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    This is looking like the start of the gfc all over again
     
  6. Vezpit

    Vezpit Active Member

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    Hard to know the timing, if it really occurs, but all that is going on makes me think that it will be soon. Maybe the next few weeks. Think we are in for the biggest shake-up in the last 100 years.
     
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  7. MyDingaling

    MyDingaling Member

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    Damn.. that was quick. I was under the impression gold and silver do well in these economic downswings?? Guess not
     
  8. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    Check gold history and dates, all is there for the public.
    The down trend was predicted last week by the charts guys on youtube
    He dumped gold on the high on 10th March
     
    Last edited: Mar 16, 2020
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  9. minimilled

    minimilled Active Member

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    Not in the gfc, until several years into QE

    Right now it’s volatility and there was a screaming buy but it was over in about 5 fookin minutes , not enough time to get my old account details in order.Sheesh.
     
  10. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    ^^^ This ain't physical being dumped by the way. The derived's market must almost be on its knees :D
     
  11. Vezpit

    Vezpit Active Member

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    There will be a lot scorched fingers out there. I don't play with paper, wrong emotional make-up.
     
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  12. SilverDJ

    SilverDJ Well-Known Member

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    That statement was unthinkable only days ago.
     
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  13. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    The Dow is getting smashed now
    Pre market -9.19%
    Trading Halt
     
    Last edited: Mar 16, 2020
    clear likes this.
  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    Are people still not understanding the spot price being driven by ETF's? Of course they are going to be liquidated in a deflation, and fast. Unless you have leveraged debt to your physical just open another bag of popcorn. It will go TP nuclear if the currencies are destroyed.
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The Low price is useless, I can’t buy anything.
     
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  16. heartastack

    heartastack Well-Known Member Silver Stacker

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    Can anyone comment on whether Perth Mint is selling all the bar sizes?
     
  17. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Trading is closed, but all bars (1oz, 10oz, 1kg, 100oz) show 'out of stock' (although the website shows Buy Now). Spreads:
    Screen Shot 2020-03-16 at 5.35.29 pm.png

    Coins/rounds show some availability in 0.5oz, 1oz, 2oz sizes; 5oz, 10oz, 1kg coins show all out of stock.
     
  18. Seedcoin

    Seedcoin Active Member

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    A run on the banks next?
     
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  19. JulieW

    JulieW Well-Known Member Silver Stacker

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    The ETF paper gold price is just a different coloured chip in the imaginary trading game played in the Casino. The real figure is the price you'll take to part with your actual held in your hand precious.

    The paper price is a guide and is usually status quo for a selling point, but in times like now, the paper price decouples.

    Currently Kitco says I should expect $2450 for an ounce of gold, when my personal price today is nearer $3000 because of,

    1. World changing events on the horizon, and
    2. Physical being hard to find (at the "paper price").

    Now that price may be delusional according to some, but

    1. I don't need or wish to sell, and
    2. Someone with cash, and no physical to be found, will probably think it cheap and buy what's available.

    The ETF market is a shameful fraud.
     
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  20. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Abe gets cold feet... stupid move.
     

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