$3000 GOLD WITHIN 2 WEEKS ?? YES OR NO ??

betterinvestmentthanshare said:
Its getting to the point that it will be $3K regardless of spot. The news is that miners are shutting down and you'll only be able to purchase a promise from a dealer.
AND...................did anyone notice the big pump in premium on all gold????????????????????????????$90 on top of promised spot from Bullion Now, it was only $30 not long ago.
The premium will go up even more as gold become harder to get
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Premium will go up to a point, then the miners will go up in value. Gold mining stocks (undervalued) is what you should be buying as physical premiums increase (overvalued). Buy physical as premiums decrease. That’s the pro trade though.. most should just accumulate physical with the monthly pay check. Stocks can screw you with irrational market movements.
 
No way I
heartastack said:
Premium will go up to a point, then the miners will go up in value. Gold mining stocks (undervalued) is what you should be buying as physical premiums increase (overvalued). Buy physical as premiums decrease. That’s the pro trade though.. most should just accumulate physical with the monthly pay check. Stocks can screw you with irrational market movements.
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The worst thing you can do is chase the high premiums as they increase, it's just silly. Buy unallocated or allocated physical (which doesn't have crazy premiums) silly if you must have physical right now.
Smart stackers might even cash in on the craze selling their physical coins at high premiums and then buying lower premium allocated bars.
 
SilverDJ said:
No way I


The worst thing you can do is chase the high premiums as they increase, it's just silly. Buy unallocated or allocated physical (which doesn't have crazy premiums) silly if you must have physical right now.
Smart stackers might even cash in on the craze selling their physical coins at high premiums and then buying lower premium allocated bars.
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I thought that is what I just said- don’t chase the premiums.
I’m drunk anyway. Posts void
 
I wouldn't be surprised if shortages extends past 4 months this time.
The last time a similar situation happened, it took 16 weeks for ABC to deliver one of my orders.
Their estimated delivery was 8 weeks.
Trust me! Waiting a further 8 weeks was hell.
I also gave them the flick; never had any dealings with them since.
As for buying unallocated, hasn't anyone learned anything from the Perth Bullion fiasco! They won't be the last one to go bust!
 
Aurora et luna said:
As for buying unallocated, hasn't anyone learned anything from the Perth Bullion fiasco! They won't be the last one to go bust!
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+1 I cashed out my unallocated 2 weeks ago

I also cashed out of Sportsbet.

The most fun one was refusing a store credit from a large store last week for returned goods and demanding funds back and the manager saying "Theres no timelimit on using it you can use it in 3 months, next year or for as long as we around" ...My response made his eyes pop and a bit of colour drain from his face "Thats exactly why I will take the money thanks, you may not be around next time I need a product from your store"
 
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Weeks from now, likely a yes.

Gold is said to climb a wall of worry. About the only wall completed in the Trump presidency.

In the next four weeks, if not already, many people may be in a bit of a blue funk (in both the British and American senses).

Why the next four weeks? Because the incubation period is 2 weeks up to 24 days. 2 weeks is around 4 doublings. By my calculations the next two months will see a rising pyre of misery and fear of pestilence. Gold rises from the ashes.

Definitely some Racoon City style changes in the last few weeks, eg yellow/black biohazard tape everywhere and exclusion zones, being treated like a leper at retail outlets. Taxi drivers in gloves and masks, like they are going to the OT.

Crazy compared to a fortnight ago. SNAFU. Hence, gold is going higher and soon.
 
The biggest problem right is GETTING THE GOLD:
1. sold-out: most sellers have sold them out
2. dealers closed: due to Corona madness, many physical shops are closed down in Europe (you're not allowed to go out unless for medicine, food...)
3. shipping companies are overloaded/not working: UPS, FedEx, DHL are either not operating or have too many orders...
4. premiums stay high: gold did stay high despite the recent "slump" (could have been a great buying opportunity due to spot price, but dealers kept the prices high!)

We are in "SHTF". Yes, we are in it. Now get your gold... it was true once it hits, you can't get hands on it. Either one way or the other.

Take most of your money out of the bank. Later you won't be able to.
 
Aurora et luna said:
As for buying unallocated, hasn't anyone learned anything from the Perth Bullion fiasco! They won't be the last one to go bust!
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Too late now if you have an existing unallocated account, as the dealers don't have physical left, unless you are with the Perth Mint where you can still swap for physical they have in stock, and where even unallocated is government guaranteed.
 
O.k. ....out on a limb....my prediction is we will be back at $2200 before we hit $3000. Beware the Ides of April.
 
TreasureHunter said:
The biggest problem right is GETTING THE GOLD:
1. sold-out: most sellers have sold them out
2. dealers closed: due to Corona madness, many physical shops are closed down in Europe (you're not allowed to go out unless for medicine, food...)
3. shipping companies are overloaded/not working: UPS, FedEx, DHL are either not operating or have too many orders...
4. premiums stay high: gold did stay high despite the recent "slump" (could have been a great buying opportunity due to spot price, but dealers kept the prices high!)

We are in "SHTF". Yes, we are in it. Now get your gold... it was true once it hits, you can't get hands on it. Either one way or the other.

Take most of your money out of the bank. Later you won't be able to.
Click to expand...

About the last part, won't physical cash be banned due to the possibility of contagion?
 
It’s about gold going up. Easy to let your almonds get in a funk and discombobulate but truth is it will blow over.

So, knowing that, get yourselves ready stackers for the bottom and a wild ride up!
 
Aurora et luna said:
I will back it with an oz of silver that it doesn't if you are a betting man
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If I had bet an ounce of silver every time I made a prediction......well, thinking about it...there probably isn't enough silver in the world to cover my losses.

What did George W Bush say again...
You sold me silver...shame on you.
I bought some more..shame on me.
 
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