Author Topic: Why Gold will be flat or GO DOWN!!!!!  (Read 130946 times)

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Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #420 on: April 20, 2020, 08:16:18 AM »
RCC or RareCoinCollector sent me a email and probably to many others too, titled  "Gold coins disappearing on a global scale."

Now is the time to buy at these low prices.....

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #421 on: April 20, 2020, 09:14:28 PM »
1993P G5Y PF 69 UC  proof gold panda   $699     Ebay 264641593616      Very good German seller...

Due to virus, above listing seller, $6 mail took about a month to ship from Germany to US.    Probably caused stress on both buyer and seller.     Now mail is $59 because DHL is on time while international shipping is not.     Hopefully seller will give buyers a choice.    I would take the $6 and a month to deliver....

Yahoo Finance   "USPS halts international services......"

Silverseek   "Is the extreme high in the gold/silver ratio........"


I am reading articles and hearing from locals how they no longer want to buy anything from China.       The virus killed many people around the world and caused great financial losses too.      The world knows the truth.     This will cause manufacturing to return to the world and leave China.    China's government is on the hot seat.    Our Chinese coins/medals are a tribute to the Chinese artists, culture and people.    Coin collectors do not support any government.     We may take a small hit to Chinese coins/medals value but in the long run China owns the gold so the world will follow money backed by gold..... 

Offline bonke

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #422 on: April 21, 2020, 09:53:12 AM »
Pandamonium

I disagree.

Mark Bonke

Offline KeyDate1/2ozPandas

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #423 on: April 21, 2020, 03:47:28 PM »
Pandamonium could be right about gold, Bank of America thinks $3000 in 18 months.  Buy the dips, need some bad news to allow gold to drop $50-$100 in day so I can buy some back.  Nobody wants to sell at this level, but if it crashes for a few days the sellers will come out. 

https://www.barrons.com/articles/the-fed-cant-print-gold-bank-of-america-says-sees-gold-hitting-3-000-51587496123

Gold/Silver ratio of 200 and Gold/Platinum ratio of 5 is by bet for the next few years if a recession lasts for 1-2 years.

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #424 on: April 22, 2020, 02:43:31 PM »
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.. Based on a Fed balance sheet of $10 – $25 trillion from QE4ever, silver prices at $50 to $100, or far higher, are plausible..
50 - 100 $
agree

https://www.milesfranklin.com/the-world-ends-with-a-bang-and-a-whimper/
................

got gold?




Offline KeyDate1/2ozPandas

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #425 on: April 27, 2020, 06:08:09 PM »
Gold premium on US bullion at all time highs, +$135/oz.  It is tough to buy coins right now, everyone wants to hoard gold coins that are close to bullion value. 

https://finance.yahoo.com/news/gold-buyers-forking-over-lofty-125333131.html

Offline Birdman

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #426 on: April 27, 2020, 09:19:32 PM »
Gold premium on US bullion at all time highs, +$135/oz.  It is tough to buy coins right now, everyone wants to hoard gold coins that are close to bullion value. 

https://finance.yahoo.com/news/gold-buyers-forking-over-lofty-125333131.html

So is this the time to sell 10 oz of gold rounds to pocket a $1000 premium, and then buy it back in two months when supply has caught up.  Or will you miss your opportunity for re-entry with this approach, caught by the inflationary effects of QE infinity... ;)

Online PandaCollector

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #427 on: April 27, 2020, 09:21:05 PM »
Gold premium on US bullion at all time highs, +$135/oz.  It is tough to buy coins right now, everyone wants to hoard gold coins that are close to bullion value. 

https://finance.yahoo.com/news/gold-buyers-forking-over-lofty-125333131.html

Well-known coin dealer of Chinese coins, Robert Mish is quoted in the article. "Mish International Monetary Inc., a dealer in precious metal bullion and coins, based in Menlo Park, California, has been selling gold coins at highly elevated levels for three to four weeks.

The company told customers Thursday it’s offering one-ounce coins in its inventory for a 7% premium, or at almost $1,851 an ounce based on Friday’s closing spot price of $1,729.60.

“It’s crazy,” said Mish President Robert Mish. “There is a factor in the market that many of the buyers do not trust the system anymore and want to get their metal in their hands for certain.”

Best wishes,
Peter Anthony
NGC Consultant
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide
Home of the 2020 Valentine Panda
www.pandacollector.com

Offline KeyDate1/2ozPandas

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #428 on: April 27, 2020, 09:48:34 PM »
So is this the time to sell 10 oz of gold rounds to pocket a $1000 premium, and then buy it back in two months when supply has caught up.  Or will you miss your opportunity for re-entry with this approach, caught by the inflationary effects of QE infinity... ;)

The premiums should go down once coin shops open up but who knows how high gold will be. 

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #429 on: April 28, 2020, 05:28:04 AM »
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The Coronavirus was the perfect catalyst albeit horrible. The trillions of fake money and fake assets will now implode and so will the US economy. The rest of the world will sadly follow.

https://goldswitzerland.com/us-deficit-4t-debt-28t-where-is-the-money-coming-from/


Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #430 on: April 29, 2020, 07:40:28 AM »

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #431 on: May 02, 2020, 05:21:41 AM »
 
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From a historic perspective the euro is a young currency, but already lost 85% of its value against gold. This reveals the instability of fiat money.

https://www.voimagold.com/insight/since-inception-the-euro-has-devalued-by-85-against-gold

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #432 on: May 05, 2020, 06:25:07 AM »
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$5 TRILLION CREATED WITH ZERO INTRINSIC VALUE

At the end of Sep 2019, the Fed balance sheet was $3.8T and today it is $6.6T, an increase of $2.8T most of which occurred since March 2020. During the same period (Sep 2019-April 2020) US debt grew by $2T from $22.7T to $24.7T.

https://goldswitzerland.com/fed-to-print-9-5-trillion-and-buy-all-the-gold-in-the-world/

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #433 on: May 25, 2020, 04:07:07 AM »
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THE COMING ELECTION:

    Presidents who suffer through weak economies in their fourth year often are defeated.

    Republicans want to boost the economy, tell happy stories, create bailouts, and levitate the stock market to regenerate optimism by November.

    Democrats want to blame Republicans, weaken the economy to hurt Trump reelection, create massive bailouts, boost social programs, and promote a Democratic sweep in November.

    Both parties will bombard the populace with bailouts, free stuff, and “Vote for me” nonsense.

https://www.milesfranklin.com/whats-wrong-with-these-pictures/

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #434 on: May 27, 2020, 03:50:43 AM »
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If you want your savings to survive the coming crisis, hold physical gold and some silver. Don’t store it in a banking system that is unlikely to survive. Silver is leading the current surge in the metals which is a good sign since silver is the leading indicator for big moves in the metals. Silver will move up many times faster than gold but remember that it is extremely volatile. So if you want to sleep well at night, hold more gold than silver.

https://goldswitzerland.com/the-global-forest-fire-is-here/