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

slavaja said:
I don't think the Russians can afford it atm with crude dropping to $20 and ruble devalued by 20% against the dollar. Wise wise move by Russia backing up the truck with gold given that the ruble lost so much value against the dollar.
Click to expand...

Yes, true, but that $100+ billion worth of gold isn't that much if you divide by the number of Russians. Even assuming it's worth $200 billion, there are 144 million Russians, each person only has $1400, which is nothing, can't even buy a good laptop.

At the national level, everything looks great in absolute terms but when you divide by the number of people, it's actually very little for each person.
 
Last edited:
d
sgbuyer said:
Yes, true, but that $100+ billion worth of gold isn't that much if you divide by the number of Russians. Even assuming it's worth $200 billion, there are 144 million Russians, each person only has $1400, which is nothing, can't even buy a good laptop.

At the national level, everything looks great in absolute terms but when you divide by the number of people, it's actually very little for each person.
Click to expand...

Doesn't really matter. It's not like the government is going to divide its gold stores among its population.
Those gold stores will only ever help the elites.
 
SuprmeLeadr said:
Doesn't really matter. It's not like the government is going to divide its gold stores among its population.
Those gold stores will only ever help the elites.
Click to expand...

haha, you made a good point, I was being naive.

Tim cooks also has $200 billion - https://www.cnbc.com/2020/01/28/apple-q1-2019-cash-hoard-heres-how-much-cash-apple-has-on-hand.html

The multinational corporations hold much more cash, probably tens of trillions combined, if you include private non-public conglomerates, more than any country, and they are the real master.
 
Gold down to $2591au then will begin to climb again on the 1st US stimulus give away. Beware of gold on the 2nd give away.

EDIT: when 1st stimulus is in the hands of the public.

Don't ask me why............
 
Last edited:
The spot price is so out of wack it's dang meaningless to those who want to buy physical.
The current situation, makes the last metal bull run a joke; this new bull run is still in the change-rooms.
The next major stock-market crash is probably going to drag down everything, imo, :confused: o_O you'll have bugger all chance obtaining cheap physical metal unless you have contacts, which, most folk don't.

If anyone wants to be on my spotters fee list, please PM me. :eek:;)






















That was a joke, do not PM me. :p:D
 
betterinvestmentthanshare said:
Thats just 1 oz gold
Click to expand...
Right, but if you want to call that 5500 clear profit you need to account for their other sales and overheads. That 5500 is simply spread. Does $60 per oz of gold seem like an excessive spread to you? I'm used to paying $45-50 over spot for low premium cast bars, so in a time like this I'd hardly call $10 extra an Oz an excessive increase considering their buyback price has also increased. With the way gold is going I am actually paying closer to $100/gram for the items im chasing.
 
You must log in or register to reply here.
Back
Top