Russia has been stashing... Putin wants gold roof on kremlin
Buy more gold?
- Thread starter aelmsu
- Start date
TreasureHunter
Well-Known Member
Goldman Sex sees 1,600 $ gold, but only 18 $ on silver. Seems like silver has sunken down deep. I am not sure it will stay around 18 $, because if the buying is really fear-driven, then it could reach sky high... fear has no limits! Greed either! 
Keep stacking both metals:
https://www.kitco.com/news/2019-11-25/Goldman-Sachs-sees-gold-at-1-600-silver-at-18-in-2020.html
Keep stacking both metals:https://www.kitco.com/news/2019-11-25/Goldman-Sachs-sees-gold-at-1-600-silver-at-18-in-2020.html
Buy grams or 1/10 fractional if the price moves bother you or it keeps you up at night haha. Smaller amounts are easier.
It's nothing to worry about in my mind but it can help to chop it up like that.
If I'm ever hesitant on getting an oz, I will get a 1/10 something or a quarter oz something and spend the rest on silver. Nothing wrong with switching it up.
It's nothing to worry about in my mind but it can help to chop it up like that.
If I'm ever hesitant on getting an oz, I will get a 1/10 something or a quarter oz something and spend the rest on silver. Nothing wrong with switching it up.
No need to worry about spot when you can only afford a gram a week
Grams add up and I do it that way often. It's a no brainer. My lcs will sometimes have random gram bars and hes always fair.
I feel dumb to pass those up so most of the time I will take some of them too. It adds up to serious bucks bro.
People that think gold is expensive have never dug for it.
Go to the best gold bearing creek and see what it takes to process an ounce haha.
Makes my back hurt to think about it.
I feel dumb to pass those up so most of the time I will take some of them too. It adds up to serious bucks bro.
People that think gold is expensive have never dug for it.
Go to the best gold bearing creek and see what it takes to process an ounce haha.
Makes my back hurt to think about it.
I have a feeling we will see this continue. Falling USD will boost AUD as trump gets re elected and rides the dollar down the drain. This means XAUUSD will hit highs but XAUAUD may stay relatively flat. Great time for new stackers, best buying opportunities right now.
TreasureHunter
Well-Known Member
You'd be surprised how totally dumb average sheeple are. Many believe a 1 oz gold bar is "so tiny" and assume it's "cheap"
When they see 5 grams, they'll ridicule it. Even those who can't afford a mere 5 grams.
But these people go to Starbucks every day, order expensive meals online, have the latest iPhone and smart watches
We know best how things work. At SilverStackers.com
TreasureHunter
Well-Known Member
In some countries, the USD is actually rising. It all depends on the local currency's strength vs the dollar.
In fact, you would drool for dollars if you were from Argentina, Venezuela or some Eastern European country.
In fact, you would drool for dollars if you were from Argentina, Venezuela or some Eastern European country.
Haha it's sad that it's considered strong. With 2 cents of purchasing power left in the dollar the others must be really weak!
What are they doing to us?
What are they doing to us?
TreasureHunter
Well-Known Member
They could try haha.
It was probably easy last time but it was also money and everyone had it and they trusted the govt more than now.
No one has any gold anymore as far as they know.
And 300 million+ in the US, just not logistically possible.
It was probably easy last time but it was also money and everyone had it and they trusted the govt more than now.
No one has any gold anymore as far as they know.
And 300 million+ in the US, just not logistically possible.
There's a lot of noise in the market, lots of analysts on YouTube selling all sorts of sensational predictions both ways up and down, hoping to earn a couple more eyeballs and clicks, but I think the biggest factor is Fed fund rate and QE.
tigger2
Member
youtube is a total waste of time for anything finance. what I;ve seen on gold/silver on youtube is almost universally weird cult austrian economics.
my interest in gold at the moment isn't so much what the fed is doing but simply that gold is relatively cheap this late in the business cycle. opportunity cost of moving 1 or 2pc of portfolio into gold is very low.
Lol, I wouldn’t call Austrian economics weird, but it does have a bit of a cult following. For good reason.
TreasureHunter
Well-Known Member
True. But Mike Maloney is a recognized expert, not a "YouTuber".
It's sad to see a large number of channels promoting "pseudo-economies", "pseudo-investments", hijacking the terms "collapse" and "crisis" for the sake of making big bucks. Countless channels are doing it.
But you can still listen to Marc Faber, Jim Rickards... and a handful of others. You just have to dig through the rough to find them
TreasureHunter
Well-Known Member
In Bulgaria, Albania, Romania, Macedonia, Kosovo or the Ukraine... their economies aren't truly functional. Some of those countries are living from the money their expats send home (working abroad) or, from natural resources extracted there and sold. Foreign investments flow in periodically as "gifts", but once they slow down, the economy sinks.
Their currencies are "monopoly money" or "casino chips." Literally.
Kosovo uses the Euro - they don't even have their own currency!
(as a parallel, Panama uses the USD, but at least they have a major asset: the Panama Canal)
Imagine living in a country where the currency is by default "worthless", lacks even the backing of a functional economy.
Then, add negative interest rates, slowing production (of nothing really valuable anyway), constantly devaluing currency, highly unstable economy and on top of that a major crisis. This is why people are fleeing Eastern European countries like passengers flee a sinking boat.
The US dollar is like GOLD in those countries. Although, the trend is to save in Euros, because the EU is close and they can easily buy anything in the EU for their Euros.
The Albanians love them some Euros, but only in ca$h. Try paying them with a card......good luck!