You sold on this forum?
Note: Milk rant deleted as totally out of relevance on this thread.
2020 Collapse
- Thread starter TreasureHunter
- Start date
You sold on this forum?
Note: Milk rant deleted as totally out of relevance on this thread.
No been trying for a month before I caught a private sale
Probably time for a correction? I’m stacking, not trading so it wouldn’t make sense for me to chase on news. I’ve also bought on 2 Dec at $1462 so the urge to buy again isn’t that great for now.
Also, I don’t think the Iranian situation will result in open war other than the usual sabotages and drone strikes. The market is overreacting. Iran has been doing hit and run proxy warfare for some time so the retaliation could be some drone attack by proxies or sabotage on ships in the Persian gulf. All these need an element of surprise so it could be 1-2 months later when it happens and the market would have forgotten.
But I could be wrong, these people are not rational. If so, gold could go up a lot higher.
I Guess I’m wrong, these people not rationale after all. This would be the end of Iran’s nuclear programme.
One thing I’ve learned over the many years is to never overestimate the chartist.
One battle doesn’t make it a war. Early days yet.
The Iranian strikes come just hours after the funeral of top general and Quds Force commander Qassem Soleimani, who was killed in a US assassination strike in Baghdad late last week. Tehran has deemed the killing an act of “international terrorism” and promised to take revenge.
Earlier on Tuesday, the Iranian parliament passed a bill designating the entire American military and Pentagon as “terrorist organizations,” mirroring Washington’s own similar designation of the Iranian Revolutionary Guards Corps (IRGC) last April.
https://www.rt.com/news/477680-iran-more-retaliation-strikes/
some more selling on the markets
no its not a battle, its a targeted missiles launches at 2 targets
I believed, the personnel had been moved after the badly drafted letter started circulating in social media
Frump bragged about the expensive base that he demanded payment from Iraqi before lifting their feet, now that Iran bailed out Iraq from their potential debt, there is no bases there anymore, no need to pay before evacuation
Earlier on Tuesday, the Iranian parliament passed a bill designating the entire American military and Pentagon as “terrorist organizations,” mirroring Washington’s own similar designation of the Iranian Revolutionary Guards Corps (IRGC) last April.
https://www.rt.com/news/477680-iran-more-retaliation-strikes/
some more selling on the markets
no its not a battle, its a targeted missiles launches at 2 targets
I believed, the personnel had been moved after the badly drafted letter started circulating in social media
Frump bragged about the expensive base that he demanded payment from Iraqi before lifting their feet, now that Iran bailed out Iraq from their potential debt, there is no bases there anymore, no need to pay before evacuation
You're right. I throw in the towel, just ordered another batch. Now preparing for the price to fall later.
TreasureHunter
Well-Known Member
You're right. I throw in the towel, just ordered another batch. Now preparing for the price to fall later.
So, now you bought in, but you're expecting a correction?
just a pre-emptive move in case the situation escalates and the price goes up further, but I hope to buy more. Was actually looking forward to $1400 which now looks impossible. I should have bought much more at $1460 a month ago.
When folk were buying series 2 1oz gold Lunar Dragons for AUD$1800 I thought folk were nuts.
When folk were buying series 2 Lunar Horse 1 oz gold coins for AUD $1600 I thought they were nuts.
When folk were buying 1 kg series 2 Lunar Mouse I though people were nuts.
When folk were buying ...................
When folk bought bitcoin at 450 bucks I thought they were nuts!
Time is your friend, if you have time.
When folk were buying series 2 Lunar Horse 1 oz gold coins for AUD $1600 I thought they were nuts.
When folk were buying 1 kg series 2 Lunar Mouse I though people were nuts.
When folk were buying ...................
When folk bought bitcoin at 450 bucks I thought they were nuts!
Time is your friend, if you have time.
TreasureHunter
Well-Known Member
Same feeling here, similar thoughts. Now it's hard to tell what's a correction and that "just a bump".
Now it's all in Trump's thick-fingered rough hands. If he "takes it easy", then gold will lose momentum and combined with some (inflated/potentially fake) positive economic news, the dollar will gain strength and gold will go a bit lower. But I'm not sure we'll see 1,400 $ again this year.
We’ll be lucky if it falls back to even $1460, so far each time I buy, I’ve been buying a batch every 3-4 months, it doesn’t fall back to the price I bought the previous time. Cost averaging isn’t working for me in the last 1 year.
TreasureHunter
Well-Known Member
3,000 $ is realistic and 5,000 $ is possible.
Seeing the tremendous momentum this year, this no longer seems like "science fiction" or "wishful thinking". It's a possibility that might as well turn into a probability.
While 2,000 $ gold seemed to be far away in 2011-2012, when everyone was predicting it, we're now jumping 100-150 $ upwards.
In merely 1 year, gold jumped 300 $.
Who would have thought?
I think gold will speed up in the coming years. Yes, IT IS HAPPENING.
Seeing the tremendous momentum this year, this no longer seems like "science fiction" or "wishful thinking". It's a possibility that might as well turn into a probability.
While 2,000 $ gold seemed to be far away in 2011-2012, when everyone was predicting it, we're now jumping 100-150 $ upwards.
In merely 1 year, gold jumped 300 $.
Who would have thought?
I think gold will speed up in the coming years. Yes, IT IS HAPPENING.
madaw1
Well-Known Member
I agree with you as the most people do ,therefore the price going steady up. If you are talking about 5000 AUD gold price-yes it is possible-we only don't know when...
Time is your friend, if you have time.
I've said it's the number of ounces that counts. Doesn't matter if buy at $1200, $1450 or $1600, if the price goes to $3000, ounces count more than entry price.
For example,
5 ounces, bought at $1200. At $3000, the net profit is $9k.
10 ounces bought at $1600. At $3000, the net profit is $14k.
20 ounces bought at $1600. At $3000, the net profit is $28k.
Same logic applies to silver and other metals. Problem with other metals, people usually buy in much smaller quantity, due to gst, higher spreads and risk, so even if prices goes up 4-5 times, profit is still much less.
For silver, assume premium of $1.5 per oz, doesn't matter if bought at $14 or $17 per oz, it's the bulk that counts.
200 ounces of silver at $14. At $25 silver, assume premium lost is $1.50 the net profit is $1.9k.
400 ounces of silver at $17. At $25 silver, net profit is $2.6k
800 ounces of silver at $17. At $25 silver, net profit is $5.2k
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