WARNING!!!!Gold is now getting smashed

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

  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    $3K.... Tell her she's dreamin'......
    If spot was so irrelevant, it wouldn't be used to reference physical price here ...well... forever.
    Stackers keep telling themselves there are two different markets, especially when price falls. so they can lay blame on futures.
    When price rises, they praise phys and pat themselves on the back for holding phys.
    In truth, prices of both are locked at the hip, and are one and the same, and with good reason.
     
    Last edited: Mar 16, 2020
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  2. heartastack

    heartastack Well-Known Member Silver Stacker

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    Within reason.
    If a mining stock is fairly priced according to the proven 'mineable' resources under the ground and there is a stock market crash forcing shareholders to liquidate to cover losses or put food on the table then there is a decoupling of paper vs physical value.

    Similarly people being forced to sell paper metals distorts reality, at least for a bit.
     
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  3. GreatSouthernTime

    GreatSouthernTime Active Member Silver Stacker

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    as I’ve understood it’s a lot to do with the repo market, in order to get overnight lending while lacking collateral the funds and banks are selling off everything to buy the T-Bills which are considered the most liquid of collateral in the repo market.
    Therefore they are selling everything on the books to get the lending, that includes gold, silver and bitcoin.
     
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  4. GreatSouthernTime

    GreatSouthernTime Active Member Silver Stacker

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    I think this happened in the last crash, all metals and commodities were taking a dive as funds tried to sell off and get liquid but physical world wasn’t translating. That was due to a run to physical metals and a lack of supply.
    If I’m not mistaken or misunderstanding.
     
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  5. GreatSouthernTime

    GreatSouthernTime Active Member Silver Stacker

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    lets be clear, the so called experts don’t know what’s happening. Nobody does right now except maybe some global elite who really saw the writing on the wall and have been waiting for this day licking their lips for the feast that’s awaiting them.
     
  6. yurana

    yurana Member Silver Stacker

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    Buy buy buy gold physical
     
  7. Ryurazu

    Ryurazu Member

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    Everything must go beta is 1, anyone willing to sell here tho?
     
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  8. SilverDJ

    SilverDJ Well-Known Member

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    With the depository service you can still buy allocated bars.
    In fact it's currently cheaper to buy physical on Perth mint depository than the dealers.
    e.g. 10oz silver bar is $216.1 + $21

    upload_2020-3-17_10-9-20.png upload_2020-3-17_10-10-11.png
     
    Last edited: Mar 16, 2020
  9. JulieW

    JulieW Well-Known Member Silver Stacker

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    Which is probably why there's 500 times more paper available to buy than metal today.

    Buyers and sellers make the market, not some gold fix round table.
     
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  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    If the proven mineable resources is valued using the futures spot price, then your statement is an oxymoron.
     
    Last edited: Mar 17, 2020
  11. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    You are conveniently conflating a "contract" with a "warrant".
    There is a HUGE difference.
    The spin-doctors do this because in the absence of this conflation, the manipulation theory has no substance.
     
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  12. silverhair

    silverhair Well-Known Member

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    I must say gold is holding up like a champion all things considered. Smashed is a huge over statement, more like slightly bruised compared to bluechip equities and other options for wealth preservation.
     
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  13. GreatSouthernTime

    GreatSouthernTime Active Member Silver Stacker

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    if you look at the 6-12 month charts both gold and silver are holding up just fine. think the markets may have gone back a few years.
     
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  14. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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  15. Krakked789

    Krakked789 Active Member

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    This website should be called "Silversuckers." Gold rules the roost...
     
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  16. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Lol. I'll predict the general flow of conversation to come on SS

    2 Months ago : Equity holders calling Gold and Silver holders suckers.

    Today : Gold holders calling Equity and Silver holders suckers

    And if 2011 repeats?. Let me guess... Silver holders calling Gold and Equity holders suckers.

    If only I could trade hindsight.....
     
  17. heartastack

    heartastack Well-Known Member Silver Stacker

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    Don't forget the worst of them from 2017-present: The Crypto parade calling everyone suckers

    Would definitely be nice to get a one up on all above with the humble silver stack
     
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  18. Krakked789

    Krakked789 Active Member

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    I hope you're right, as right now I'm one of my own suggested suckers...
     
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  19. Krakked789

    Krakked789 Active Member

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    I agree. Please note that my avatar is NOT what it seems...
     
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  20. GreatSouthernTime

    GreatSouthernTime Active Member Silver Stacker

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    Sitting right there in that silver sucker department right now but Honestly I’m quite happy for this to drag out and give me a chance to stack more in the meantime.
    Also although the paper market was getting smashed the physical either wasn’t correlating or wasn’t available.
     
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