WARNING!!!!Gold is now getting smashed

[Vezpit]

It would make a few Countries very happy to see the end of USD dominance even though the SDR is just a sort of cloak to hide the dollar's main faults.

 

[betterinvestmentthanshare]

https://ftalphaville.ft.com/2020/03/13/1584100656000/Time-for-an-SDR-injection-/

 

[Krakked789]

and just think the majority of the people out there have NFI what's happening right now....all watching Married at First Blight or some other god damn awful reality crapola.

Blissful ignorance...

 

[Timmy88]

This may be that day, what do you think Vezpit ?

 

[betterinvestmentthanshare]

This is looking like the start of the gfc all over again

 

[Vezpit]

Hard to know the timing, if it really occurs, but all that is going on makes me think that it will be soon. Maybe the next few weeks. Think we are in for the biggest shake-up in the last 100 years.

 

[MyDingaling]

Damn.. that was quick. I was under the impression gold and silver do well in these economic downswings?? Guess not

 

[betterinvestmentthanshare]

Check gold history and dates, all is there for the public.
The down trend was predicted last week by the charts guys on youtube
He dumped gold on the high on 10th March

 

[minimilled]

Not in the gfc, until several years into QE

Right now it’s volatility and there was a screaming buy but it was over in about 5 fookin minutes , not enough time to get my old account details in order.Sheesh.

 

[Silver Soul]

^^^ This ain't physical being dumped by the way. The derived's market must almost be on its knees

 

[Vezpit]

There will be a lot scorched fingers out there. I don't play with paper, wrong emotional make-up.

 

[SilverDJ]

Silver making a fight back into the $12's....

That statement was unthinkable only days ago.

 

[betterinvestmentthanshare]

The Dow is getting smashed now
Pre market -9.19%
Trading Halt

 

[heartastack]

Are people still not understanding the spot price being driven by ETF's? Of course they are going to be liquidated in a deflation, and fast. Unless you have leveraged debt to your physical just open another bag of popcorn. It will go TP nuclear if the currencies are destroyed.

 

[sgbuyer]

The Low price is useless, I can’t buy anything.

 

[heartastack]

Can anyone comment on whether Perth Mint is selling all the bar sizes?

 

[jultorsk]

Can anyone comment on whether Perth Mint is selling all the bar sizes?

Trading is closed, but all bars (1oz, 10oz, 1kg, 100oz) show 'out of stock' (although the website shows Buy Now). Spreads:


Coins/rounds show some availability in 0.5oz, 1oz, 2oz sizes; 5oz, 10oz, 1kg coins show all out of stock.

 

[Seedcoin]

A run on the banks next?

 

[JulieW]

The ETF paper gold price is just a different coloured chip in the imaginary trading game played in the Casino. The real figure is the price you'll take to part with your actual held in your hand precious.

The paper price is a guide and is usually status quo for a selling point, but in times like now, the paper price decouples.

Currently Kitco says I should expect $2450 for an ounce of gold, when my personal price today is nearer $3000 because of,

1. World changing events on the horizon, and
2. Physical being hard to find (at the "paper price").

Now that price may be delusional according to some, but

1. I don't need or wish to sell, and
2. Someone with cash, and no physical to be found, will probably think it cheap and buy what's available.

The ETF market is a shameful fraud.

 

[bubblebobble2]

Japan has done a few huge dumps pushing the yellow metal down.

Abe gets cold feet... stupid move.