Why is gold rising so steeply?

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

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I wouldn't say Singapore is one of the best place currently. There are many risks as what you have mentioned.

    The only reason I brought up Singapore is because China had been trying to model after the Singapore economic model but it's impossible because of population difference. Furthermore, the defects of the state dominated capitalist model has started to show up in Singapore in recent years. Whatever problems you will see in Singapore will appear in China in the future if China follows this path. Because of small population and open economy, Singapore can get away with policy mistakes that will cause disaster in other countries.

    As for the next Asian financial crisis, the Singapore government has been preparing for it since 2011 when the first property cooling measure was imposed. It’s crazy, the market only just recovered from 2008-2009 recession and they slammed it down. Since 2011 there had been 7 cumulative cooling measures. Property bubble bursts are so common in Singapore, a 30-40% drop is now a non event. In fact the public housing market in Singapore which is three quarters of the total market just crashed 30% in just over a year and it’s hardly even talked about on social media.
     
    Last edited: Oct 27, 2019
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Have we run out of steam folks? 1375 USD by close Friday?
     
  3. Jim4silver

    Jim4silver Well-Known Member

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    Kind of funny seeing people promoting a "collapse" and saying those who disagree are somehow dumb, etc. Yet, it is these dumb folks that doubled or quadrupled their nest egg in the stock markets during 2011 till today, and all the stackers in the US are negative or even if lucky. I know because I am one of those stackers.

    Yes a collapse will happen one day, but it might be in 5 years, 10 years, ..? Nobody knows for sure. Just think how much extra silver/gold you would have in your stack if you bought stocks over the past 8 years and sold today? But everyone saying deniers are dummies (I used to say that too), we were all to smart for that kind of stuff.
     
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  4. TreasureHunter

    TreasureHunter Well-Known Member

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    The collapse might happen in waves, many waves. Some financial, others social, and God, hope not even war/severe social unrest.

    It is also not likely to affect all parts of the world. Some areas will be devastated.

    I don't see the collapse as something from a "single piece". It will be like a puzzle, but many pieces will be nightmare scenarios.

    Massive migration could ignite. What's odd is the flux of migrants since around 2015 towards prosperous countries: the US, the EU. Some did actually predict mass migration, but as a "possible scenario" sometime far in the future (as a result of depleted natural resources, arid lands, wars and social unrest).

    Africa is moving to Western Europe.
    Guatemala and El Salvador to the US.

    New dark ages?
     
    Last edited: Oct 28, 2019
  5. Gonzo

    Gonzo Active Member

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    Dark to light?
     
  6. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Published with no further comment.
    SILVER ROCKET.gif
     
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    If it’s predictable then it won’t cause a collapse.
     
  8. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Predictability is irrelevant if people choose to ignore predictions.
     
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  9. Number 47

    Number 47 Well-Known Member

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    Pm rising or the buying power of fiat dropping ?

    I think the later.
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The Singapore market is closed today and i can't place my order for bank gold. This sucks.
     
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  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    It still won’t result in a collapse because if it is predictable then there’ll be others who have plans in place.
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I think gold bugs have been primed to believe we’ll all be rich when the world goes to shit if we just get into gold.

    It’s a sales pitch really. Just a narrative. I can’t see the economic system collapsing. Which of course means if it is going to collapse it’s got to be because of something no one could foresee.
     
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  13. Davros10

    Davros10 Well-Known Member Silver Stacker

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    There's always "others" with plans in place- we constantly have buyers and sellers with individual agendas. The question is - is there a large enough critical mass to make a difference? I'd argue it's unlikely enough will act on predictions to influence the outcome.
     
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  14. STKR

    STKR Well-Known Member Silver Stacker

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    You need to read up on your financial history. A collapse is inevitable, but nobody knows when. Every Fiat monetary experiment in history has failed and never lasted for more than 50 years. We are currently at 49 years. Does QE and negative interest rates ring any alarm bells for you? Do you understand how currency is created and what is required to pay back the debt from this currency creation? If so, how can you hold the view that a collapse won't happen?

    We Will have a monetary reset at some point and there is every reason to believe that gold will play an integral role in this reset. Why would central banks, billionaires, investors and hedge fund managers buy gold at unprecedented rates if there wasn't systemic threats?

    I can only see the demand for gold increasing and the price to follow over the next few years. Sure, people will talk their book and exaggerate the upside potential, but does this mean we should ignore the risks in the system? Or the benefits to holding gold in this environment?
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don’t expect to get rich on gold, it’s only another currency and right now gold is the best currency to be in.
     
  16. Silver260

    Silver260 Well-Known Member Silver Stacker

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    This is the one single reason I've been paying any attention to the PM market. Twelve months ago, everyone had written Silver off as nothing more than an industrial commodity, and gold as a relic..... but recent events have challenged that notion.

    History always repeats, and always will. There's no such thing as "this time is different".

    They see the pattern, and are preparing for the possibility. And so should we :)
     
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  17. TreasureHunter

    TreasureHunter Well-Known Member

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    Why do you think so?

    I think the media's propagation of the "coming crisis" can actually trigger the domino effect. Right now news are telling us about "how the corona virus is affecting the Chinese economy"...
     
  18. TreasureHunter

    TreasureHunter Well-Known Member

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    You could make gains, though. Gold doesn't exactly follow the pace of inflation. It can grow more. (or less).

    It depends on the country where you live. In some countries gold gained 12-20 % in value in 2019. And that's way above official inflation rate or consumer price inflation rate. Higher than interest rates at the banks, obviously.

    YES, you can slice gains with gold. Perhaps even get rich. The big catch is to combine timing with a large amount of money to invest.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    A bit off topic, HSBC is already in deep shit before the wuhan virus. HSBC is the custodian for GLD. Just wondering what will happen to paper gold if HSBC gets into trouble. And how it will impact gold prices?
     
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  20. JOHNLGALT

    JOHNLGALT Well-Known Member

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