Gold Just Hit AU$2,000

wrcmad said:
More-gone sounds deflated, and has finally conceded that silver is more an industrial commodity than a monetary metal, worth little more than an outside punt at this stage.
In a nutshell, he is says that silver is shyte and gold is king, and that is being reflected in the imaginary prices measured in imaginary $USD.
Ironically, after dumping on the $USD with all the fiat rhetoric, he compares it to bitcoin - pointing out that the $USD strength will remain because the majority of the world has faith in it, which is the driving force in valuations.
I haven't listened to him for a long time, but his tune seems to have changed somewhat over the last few years.
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USD has demand due to the huge debt people had committed,
they need USD to repay their debt, as the debt get closer to the due date,
there is a sudden demand for USD to get the debt repaid, this will show as a demand for USD
 
alor said:
USD has demand due to the huge debt people had committed,
they need USD to repay their debt, as the debt get closer to the due date,
there is a sudden demand for USD to get the debt repaid, this will show as a demand for USD
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100% agree. Definitely worth holding USD, as the the USD will rise and the AUD will dump in a down turn. Seems like a no brainer to me.
 
I stop holding USD for a long time, used to keep FD in USD
but what choice do we have, will depend on where we are...
now Bank of China, does not allow foreign people to deposit RMB... so only their citizens are able to be served
we can go to gold or some silver, Pt or Pd, premiums are just outrages
 
SilverDJ said:
When will people start talking about gold around the water cooler like they did about crypto?
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As amazing as it sounds, no one has been talking about gold bullion in Singapore investment forums in the last couple of weeks. All the talk is about property, loans, bonds and cryptos. There's a tiny interest in numis silver though. If you think about it, it's understandable, people are not interested in 10% appreciation against a local currency.

Everyone is aiming for 100% or more returns on capital invested which won't happen with gold because gold has an inverse relationship with the sing dollar, gold goes up, sing dollar strengthens against the usd.

This is the reason why I have to buy queen’s beast and pay the premium because there’s almost no p2p resale market for pure bullion at the moment. Of course dealers will buy but $50-$80 below spot.
 
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SilverDJ said:
When will people start talking about gold around the water cooler like they did about crypto?
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Never, only property can be discussed in any social setting in Australia. I mean without constant property propaganda how will the prices keep on going up? Gold is taboo and should be avoided by all means.
 
I've tried talking to a few people about gold and silver, what's been happening to the prices, central bank gold demand, high level simple stuff and they just nod politely (thinking "guards seize him") and they drift back into something that doesn't require critical thinking....ie the prior nights episode of MKR etc.

Most are one eyed property people with zero desire to think about diversity in investment (PM's crypto's etc) and enjoy whinging about any decline in their investment property values. Scary thing is that I worked in finance and no one I spoke to including our company's economist had a clue about the likes of Deutsche Bank and it's issues, central banks hording gold etc.

Talking about gold to someone (who's not into PM's), is tantamount to inviting someone to join a cult at present.....
 
SilverDJ said:
When will people start talking about gold around the water cooler like they did about crypto?
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As the other bloke said on a previous page: "I am not your Secretary, DO YOUR OWN RESEARCH".
Mr. GGLE is out there waiting for your questions, we pay for our Internet connection (you don't pay for ours). Have a nice day. _JOHNLGALT.
 
JulieW said:
I no longer talk gold out there. Memories are long and when SHTF I'd prefer to be ignored.
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Where do you live Jules?

Just joking. I know what you mean, but locally I want to try to help people because I can see what's coming.
Trouble is they will remember me saying GOLD, SILVER - key TRIGGER words to the layman (layperson) OOPS. In a Country town you could be a target.
 
Gee whiz folks.....

Gold finally moves after how many years?, and Silver doesn't.... And a lot of people are suddenly writing off Silver.. WTF.. Lol.

Let's be honest here, golds movement is nothing in the recent historical context. If it hits US $1800 and Silver hasn't moved..... Then I'll start wondering whats going on.

But at the moment, I don't see anything significant about the current events / price movement.

Just my 2c :)
 
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Silver260 said:
Gee whiz folks.....
Gold finally moves after how many years?, and Silver doesn't.... And a lot of people are suddenly writing off Silver.. WTF.. Lol.
Let's be honest here, golds movement is nothing in the recent historical context. If it hits US $1800 and Silver hasn't moved..... Then I'll start wondering whats going on.
But at the moment, I don't see anything significant about the current events / price movement.
Just my 2c
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If you are concerned for Silver, Bill Holter, in an interview within the last 2 days said that there is a 50/50% chance that there could be a decision made on a revaluation (devaluation) of the $U.S. at the G20 Meeting THIS WEEK.
 
JOHNLGALT said:
If you are concerned for Silver, Bill Holter, in an interview within the last 2 days said that there is a 50/50% chance that there could be a decision made on a revaluation (devaluation) of the $U.S. at the G20 Meeting THIS WEEK.
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I assume Trudeau, Macron and Merkel won't be in the room at the time.
 
Ta @JOHNLGALT . Yep, Jenda can ditch the 70's am intro.

I like listening to Bill Holter. Takes financial facts and provides a rational commentary. He has been off in his calls re bugging out in 2008 to South America and some other calls of late re global reset date etc, but his take on what's happening financially is good.
 
before the reset in gold, the gold owed must be fully settled in spices
 
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