Why is gold rising so steeply?

Discussion in 'Gold' started by TreasureHunter, Aug 14, 2019.

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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    I was just about to make the same comment, then I read yours.
    People just don't get it do they?
    Gold & Silver don't RISE, fiat falls. One Kilogram is the same weight, height, purity this week-next week-NEXT YEAR.
    Do you understand yet people? Sheeesh. _JOHNLGALT.
     
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Instead of Cherry-picking a date to measure the price in FIAT, try going back to the 1960's when the (price?) was less than 40 Dollars per ounce.
     
  3. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    ^And suggesting going back to the 60's isn't cherry picking a date you knucklehead?
     
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  4. alor

    alor Well-Known Member Silver Stacker

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    when you think only gold, it was cheap when it was $30/oz it was cheap when it was $850/oz it is cheap when it was $1000/oz
    hope we can say the same when it was $2000/oz it would be still cheap

    but if you considered fiat, gold is always expensive and you never buy them unless you are forced to

    when it was $1900 people were buying them too
    the rise is just plain and slow....
     
  5. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "you knucklehead"

    Something about 'listening to the DULL & IGNORANT'.

     
  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Was talking to a bullion dealer employee recently and wanted to gauge what they are seeing re demand for PM's..the conversation went something along these lines.

    ------------------------------------------------------------------------------------------------------------
    Me: "So been busy lately?"

    Them: "Yeah, crazy busy. Huge increase is sales blah blah blah"

    Me: "What do you think is driving the increased interest / demand etc"

    Them: "Dunno"....
    -----------------------------------------------------------------------------------------------------------

    Old mate could have been selling widgets for all he knew.
     
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  7. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Here we gooooooo
    tumblr_mjlhjrw8Sd1qi6ieeo1_500.gif
     
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  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Every month trump calls for more stimulus to support his failing policies and hes been getting it. Its the only thing propping up the us economy at this time. Sounds a little familiar?
    "Cough" Obama "cough".
    His John Maynard Keynes blow up doll has to be getting worn out by now. Good job.
     
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Obviously. I think it's the same thing. Plus: now it's all mainstream. Some newspapers now publish recommendations for preparedness.

    Trade war is dumber than Dumb and Dumber. Trump could star in that movie.
     
  10. JOHNLGALT

    JOHNLGALT Well-Known Member

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    It's rising because there is big 'MONEY' flowing into PHYSICAL.
    GOLD BULLS.jpg
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Would you want real war instead? I know some of the american public like real war, that's why Obama and Clinton created the circus in the middle east.

    [​IMG]
     
    Last edited: Aug 23, 2019
  12. Peter

    Peter Well-Known Member

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    Total holdings of gold and silver have exploded in 2019 as investors grasp for safety amid slowing global growth, trade war uncertainty and a multitude of recessionary warning signs. The seemingly incessant demand has seen the total known ETF holdings of gold surge to the highest since 2013 and easily surpass the levels seen during the immediate years following the Great Financial Crisis. Like it often does with price, silver holdings have followed suit and investors now own more silver through exchange traded funds than ever before.
    https://www-dailyfx-com.cdn.ampproj...t-from-Massive-ETF-Holdings-silver-price.html
     
  13. alor

    alor Well-Known Member Silver Stacker

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    don't think that all farmers will get their fair cut, more like being cut from the land since bankruptcies all in waiting, sad
    in many financial crisis before them, land had been the most difficult to confiscate, now with agribusiness ... they are within reach
    gold and palladium only has $10 between them
     
  14. alor

    alor Well-Known Member Silver Stacker

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    this is one factor, that China did not buy as much gold that many people have suspected
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Just wondering if the silver etf really owns the silver or it is just counterparties to short sellers?
     
  16. alor

    alor Well-Known Member Silver Stacker

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    ^ read the prospectus
     
  17. shinymetal

    shinymetal Well-Known Member

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    People know that Trump is Q, Q is saying gold will destroy the fed.

    We're going back to a GOLD BACK USD, that I assume will quickly turn into a gold back world standard for currency.

    All the evidence that this is coming is clearly laid out. It isn't hard to see.
     
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  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Whats the context of this image??
     
  19. alor

    alor Well-Known Member Silver Stacker

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    people would only take the gold, not the paper
     
  20. shinymetal

    shinymetal Well-Known Member

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    I guess that's true, but could high demand, as in the mega wealthy and countries getting into the physical market be effecting the paper market at all?
     

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