$2400 Gold

Perth mint is out of gold kilo bars and kilo coins, don’t know if this is usual as I’ve only check this today.

I just put a formula into my excel spread sheet to calculate the unrealised profit over spot for my gold, silver and platinum holdings. Basically Total number of ounces x Spot price Minus Total cost.

Silver actually surprises, once you earn back the premium, the gains isn’t that much different from gold.
 
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USD/AUD is getting ripped on though. I can buy more asx stock for my USD short-term though, which is cool
 
both gold and silver seem tobe in a race the last few days. very interesting to watch how these two are performing. Does seem tobe a fair amount of FOMO going on both these metals, so have tobe some what careful
 
slavaja said:
Seems like a lot of people are buying the breakout
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Perhaps, but the buying appears to have slowed in the last 2 days. It was much more intensive around $1560-$1580 levels. I'm now starting to see some retail selling.

The chartists say the technicals are very bullish once gold passes a certain level, e.g. $1600. But the same chartists also said in early January that gold might correct back to $1400s, which of course didn't happen.
 
slavaja said:
Smack down on Monday?
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Looking the situation in Korea, Iran and Italy, it might not happen. I’m quite concerned about GLD and HSBC. If GLD breaks, would it cause gold to temporaily plunge? But that is only the spot price. While at the same time, the wealthy will be frantically buying up all the physicals. If spot plunges, it will be a good time to load up some more physical gold.
 
If GLD breaks, would that stuff up the paper gold scheme they have been playing after all these years?
 
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slavaja said:
If GLD breaks, would that stuff up the paper gold scheme they have been playing after all these years?[/QUOTE
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Well, I don't know how GLD can break in the first place so this is my wild speculation, but anything is now possible with anything that has connection to China. What I mean is that HSBC is the custodian for GLD and they are deeply connected to China.

I spoke about this a year ago that I felt something big might be happening in China, and then the HK protests.
 
It's not like HSBC is even trustworthy ....who knows what they can and would do in desperate times...

Shedding 35000 staff is no laughing matter even for a global shop like theirs. And 90% of the bottom line comes out of Asia!.

Disclaimer , I do not like ETF's . I want to hold it in my hands so I know it's mine with out shadow of doubt. But hey that's just me and each to their own.

Note HSBC and Deutsche are deep in bed together. If one falls the other shall be on very shaky ground as a minimum.
 
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