Gold to drop to $1000 or Maybe $900

[thatguy]

Even today, the premiums are so high.

I was watching the gold and silver prices of a dealer and silver at 23 $ is sold for practically the same price they were offering it for back when it was 28 - 29 $!

Bullion dealers may halt sales if gold drops that low.

Production price of gold is supposed to be somewhere around 1,100 - 1,200 $.

Just buy unallocated/paper PMs and convert when premiums stabilize.

 

[menotcrimex]

I wonder what a list of future gold prices with dates would be worth to someone. The list would be accurate to 80+ %

Just throwing it out there

 

[Phiber]

I wonder what a list of future gold prices with dates would be worth to someone. The list would be accurate to 80+ %

Just throwing it out there

Yeah!
I am thinking of selling my cristal ball - got a proven track record of 80+%

PM offers

 

[menotcrimex]

No crystal ball involved.

Glad to hear yours was a winner....lol

I remain a skeptic with a sense of humour

 

[Ronnie 666]

More disconnect ?

http://financialsurvivalnetwork.com...i-paper-markets-disconnect-from-the-physical/

 

[JulieW]

I think Bullion Baron would not agree:

http://www.bullionbaron.com/

While there are reasons to own Gold and one day there may be a dismantling of the paper Gold market, the hyperbolic claims in articles such as this are not warranted and not supported by evidence. The paper Gold market lives on.

neither would Bron:
http://goldchat.blogspot.com.au/2013/04/comex-stock-drawdown-single-most.html

even after that COMEX stock drop in gold, we still have a coverage ratio that is way above that which applied in the 1980 bull and which is not down much on 2012. The current coverage of around 20% also needs to be kept in context of the percentage of open interest which stands for delivery, which for gold and silver over the past five years averages between 2% to 4%. So it looks like COMEX has plenty of stock on a historical basis. It is when that percentage coverage gets a lot closer to the average standing for delivery rate that we can consider COMEX under stress and at risk of cash settlement. We aren't close, no matter how the much the pumper sites like to hype the recent stock declines.

And for those who will say what about if everyone stands for delivery, well consider that while most of the shorts don't have the metal, most of the longs don't have the cash. We know this because of all the talk about margin calls causing people to have to sell. Think about that - if they couldn't meet the margin calls, then it means they didn't have the money to stand for delivery.

 

[radiobirdman]

I wonder what a list of future gold prices with dates would be worth to someone. The list would be accurate to 80+ %

Just throwing it out there

I've got one for you, gold $1448.35 on the 10/05/2013. 100% accurate.

 

[Ronnie 666]

I think Bullion Baron would not agree:

http://www.bullionbaron.com/

While there are reasons to own Gold and one day there may be a dismantling of the paper Gold market, the hyperbolic claims in articles such as this are not warranted and not supported by evidence. The paper Gold market lives on.

neither would Bron:
http://goldchat.blogspot.com.au/2013/04/comex-stock-drawdown-single-most.html

even after that COMEX stock drop in gold, we still have a coverage ratio that is way above that which applied in the 1980 bull and which is not down much on 2012. The current coverage of around 20% also needs to be kept in context of the percentage of open interest which stands for delivery, which for gold and silver over the past five years averages between 2% to 4%. So it looks like COMEX has plenty of stock on a historical basis. It is when that percentage coverage gets a lot closer to the average standing for delivery rate that we can consider COMEX under stress and at risk of cash settlement. We aren't close, no matter how the much the pumper sites like to hype the recent stock declines.

And for those who will say what about if everyone stands for delivery, well consider that while most of the shorts don't have the metal, most of the longs don't have the cash. We know this because of all the talk about margin calls causing people to have to sell. Think about that - if they couldn't meet the margin calls, then it means they didn't have the money to stand for delivery.

Time will tell - let us see what happens by September. If Bron is right and the Perth Mint has all the silver it needs and bullion problems are purely a production issue (definitely not supply ?) why have they suspended production of most coins (Snakes, Kooks and Koalas) at a time when we have massive demand ?? That does not sound like a good business plan ? I have no doubt that production problems are part of the tale but equally I have no doubt that supply is an issue. Time will tell when industrial supply becomes critical. Bullion supply is easy to fob off, industrial supply not so easy. I suspect that refineries are churning out industrial product at this time to prevent and industrial run on supply. If supply is critical as I suspect it is, this will worsen as prices remain low.

 

[Numismatist]

If Bron is right and the Perth Mint has all the silver it needs and bullion problems are purely a production issue (definitely not supply ?) why have they suspended production of most coins (Snakes, Kooks and Koalas) at a time when we have massive demand ??

You just answered your own question.

 

[TheEnd]

Dropping rapidly again tonight....... How low will it go before close time?

 

[Ronnie 666]

If Bron is right and the Perth Mint has all the silver it needs and bullion problems are purely a production issue (definitely not supply ?) why have they suspended production of most coins (Snakes, Kooks and Koalas) at a time when we have massive demand ??

You just answered your own question.

What answer ?????? If production was the problem you work 24/7 and increase staff. You tell people to expect delays you DO NOT SHUT OFF PRODUCTION. Clearly you have no real business experience.

 

[thatguy]

If Bron is right and the Perth Mint has all the silver it needs and bullion problems are purely a production issue (definitely not supply ?) why have they suspended production of most coins (Snakes, Kooks and Koalas) at a time when we have massive demand ??

You just answered your own question.

What answer ?????? If production was the problem you work 24/7 and increase staff. You tell people to expect delays you DO NOT SHUT OFF PRODUCTION. Clearly you have no real business experience.

If they want someone to work graveyard.. i'll put up my hand. I'll even buy all my errors off them @ spot price... i'm just such a nice guy!

 

[bron suchecki]

Been over this production capacity shortage vs raw material shortage before.

How many 1000oz bars do you want? We actually have too much silver coming out of the refinery at the moment. Looking to boost small bar capacity but for the foreseeable future we will be outputting excess raw silver.

 

[TheEnd]

Been over this production capacity shortage vs raw material shortage before.

How many 1000oz bars do you want? We actually have too much silver coming out of the refinery at the moment. Looking to boost small bar capacity but for the foreseeable future we will be outputting excess raw silver.

Does this mean Perth Mint will have some cheap Silver for sale in the coming months.....I'm about a month off re stocking my Silver stack and will be ready to purchase about 10k worth.

 

[Holdfast]

Been over this production capacity shortage vs raw material shortage before.

How many 1000oz bars do you want? We actually have too much silver coming out of the refinery at the moment. Looking to boost small bar capacity but for the foreseeable future we will be outputting excess raw silver.

Too much silver!

So why the suspension of your coin products?

H

 

[Ronnie 666]

After all Bron the small coin products have the greatest mark up and must be the more profitable item for the PM. Why suspend production if you have tons of supply ?

 

[wrcmad]

Been over this production capacity shortage vs raw material shortage before.

How many 1000oz bars do you want? We actually have too much silver coming out of the refinery at the moment. Looking to boost small bar capacity but for the foreseeable future we will be outputting excess raw silver.

Disconnect?
Supply issues?
.....
A big hole was just blown in that bunch of propaganda.

:lol:

 

[Holdfast]

Wrong thread

 

[Ronnie 666]

Been over this production capacity shortage vs raw material shortage before.

How many 1000oz bars do you want? We actually have too much silver coming out of the refinery at the moment. Looking to boost small bar capacity but for the foreseeable future we will be outputting excess raw silver.

Disconnect?
Supply issues?
.....
A big hole was just blown in that bunch of propaganda.

:lol:

Who's propaganda ? The idea that silver is flowing in bulk from the producers, or the fact that silver metal supply is tight? I think the only propaganda I hear is that there is a ton of supply. 99% of the silver sales these past weeks were paper contacts, backed by nothing at all. The phyz metal was bought not sold. I smell a short squeeze in a very small market.

 

[wrcmad]

Been over this production capacity shortage vs raw material shortage before.

How many 1000oz bars do you want? We actually have too much silver coming out of the refinery at the moment. Looking to boost small bar capacity but for the foreseeable future we will be outputting excess raw silver.

Disconnect?
Supply issues?
.....
A big hole was just blown in that bunch of propaganda.

:lol:

Who's propaganda ? The idea that silver is flowing in bulk from the producers, or the fact that silver metal supply is tight? I think the only propaganda I hear is that there is a ton of supply.

You are confused as to what is propaganda.
There is literally a tonne of supply.
Want 1000oz bars. No fkn worries! :lol:

http://forums.silverstackers.com/topic-40029-1000oz-bars.html

Been offered about a tonne of new 1000oz bars (2013 pours I believe) - anyone genuinely interested in one or more?....
....Price is very close to our unallocated kilo pricing - full pricing, shipping and storage details available on enquiry. We will buy these bars back at spot if stored with us.

Source: http://d65852kwq1u8u.cloudfront.net/uploads/5_jm1000ozbars.jpg