Author Topic: Why Gold will be flat or GO DOWN!!!!!  (Read 176978 times)

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Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #375 on: March 09, 2020, 05:33:55 PM »
I believe we will see $1,000 oz silver and it may happen soon.      Gold hit $1,700 today and the Dow dropped 2,000 points, then the market closed for about 15 minutes.     A fellow on CNBC said there was no bids for US Treasuries and first time he has seen that in 30 yrs so something is up probably like 2008.     Could this mean the USD will fall out of favor?   I don't know.    Lots of financial experts on TV look like they could be entering into panic mode.     Not sure about the $10,000 oz silver as that was a article i posted for others to digest.      Not a conspiracy theorist.    I was fortunate to attend and graduate from a 4 yr college.    I learned how to learn.     Since then i became a lifetime student and enjoy learning.     Do not follow the herd and don't want anything to do w/ Political Correctness.
Had a lady stop by and she asked me why i knew what would happen to this county we live in and how to prepare.    She wanted to know how i knew 10 yrs ago?    She thought i was nuts 10 yrs past but now she is completely on board w/ me.     Guess life is a boomerang.     Again, the military I grew up w/ trained me to use my brains not my brawn and get to the heart of the matter in all subjects.    I do that. 
We all have our opinions, time will soon tell.    Lets see how it works out.      Yes i have enemies on this forum but friends too.    It is always good to have enemies because that means you stood up for or told the truth for something when others would not.    You, I and all of us have every right to our opinions.        $1,000 oz silver will happen in our lifetime...


Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #376 on: March 09, 2020, 05:56:25 PM »
Correction;     China has a 2 million man army today.     Book of Revelations says a 200 million man army.    I was reading the wrong zeros when i posted.     Articles say the Shanghai Cooperative Organization is the beginning of this.    The huge army will be China, Russia, India and all of the East. 

Photos of China Army color medal.   Rare to see in the West...

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #377 on: March 10, 2020, 12:20:58 AM »
"Remember my past posts years ago of $1,000 oz silver, then i posted articles of $10,000 silver?    Yes i am that Conspiracy Theory nut w/ my tin foil hat...."

....it's safe to assume you're a conspiracy theorist   N8 - or at the very least a believer of such. (credits due to your admission)

... is it safe to also assume that you're not a "spring chicken"? $1,000 oz silver (much less the $10,000 oz) may not happen in your lifetime.




dynamike, your post is silly at best.      I Googled to $1,000 oz silver.    Page after page, many authors say $1,000 oz silver.    Have you heard of Rich Dad, Poor Dad?    Robert Kyosacki?  (spelling?)     He says $6,000 oz silver.      Robert has millions of followers worldwide.     Many are top financial experts and smart people.    Why do they all buy silver if it is not going to $1,000 oz?    If it is staying low in price not many would be excited about silver and why would they waste their money on buying it?      I posted $1,000 oz silver on this forum about 6 to 7 yrs ago?     Today it is accepted by intelligent people worldwide.    It is obvious silver is one of the most greatly undervalued assets today.
In your future posts please take the time to do diligent research and think it over.    Set aside your emotions before posting.    This way you will not mislead others.
Silver has a very bright future so smart people own it.   The best of silver is Chinese due to their gold holdings.....

Offline bonke

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #378 on: March 10, 2020, 03:57:19 PM »
A few years ago, the ANA held a summer convention in Denver.  Arif permitted me to share a table with him.  He was selling gold pandas.  I was selling silver American Eagles.  I brought a couple of green boxes, full of silver American Eages in original rolls.  My prices were between $17 and $35 per coin.  Spot was round $15.  The more expensive coins ($26-$35)(with somewhat rarer dates) sold.  The rest did not.  I loaded the rolls back into the green boxes and brought them home. 

At first, I thought I had competitors in the room with lower prices.  I wandered the aisles looking for those competitors.  I did not find them.  Arif checked my prices.  My items were priced lower than his wholesale database suggested.  I decided I did not have a problem with competitors or prices.  I had a problem with customers.  Neither the collectors nor the dealers wanted my silver American Eagles.

Definitely, silver at $100, $200 or even $300 per ounce is beyond my imagination.  I do not care what the experts say.

Mark Bonke



 

Offline dynamike51

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #379 on: March 10, 2020, 04:10:40 PM »
".....I do not care what the experts say.

Mark Bonke"

 N31 N31

Offline Mirkkanen

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #380 on: March 10, 2020, 08:42:02 PM »

Set aside your emotions before posting.    This way you will not mislead others.

You have no "enemies" on this forum except, perhaps, those who you imagine based on their skeptical replies to your "out there" comments. Keep in mind that, to some extent, we are all outside the box thinkers here,  which is why we are posting on a China- based gold and silver forum and not on Marketwatch, etc. Still, many of us find your posts outlandish, just as we find the original authors' posts off of which you base your ideas outlandish. Most of us have read and listened to the same "experts" you believe in, however, we don't take their word as gospel. Bill Holter, Jim Sinclair, Bo Polny, Kiyosaki, etc. They havent been right on much in a looooong time. So, I think it is we who are not posting off of emotion, but rather off of experience and an ability to see through misinformation. Of course we would be happy if you are right. We just dont count on it happening any time sooooooooooon :)

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #381 on: March 11, 2020, 07:38:01 AM »
We all know that our markets today are algorithum, based on computers controlling them.   It was posted here years ago that Econ 101 does not apply, I agree.      The powers that be cannot control/manipulate this forever.    When they lose control, that is when market forces kick in and we go to $1,000 oz silver, etc..     I give out the same info to many others not on this forum and they agree w/ the authors/articles i suggest they read.     This forum is the only place that people push back and say not true.     Sadly the bubble will pop and these people i read will be correct.   
In my youth i was a runaway so i understand being homeless and in the poor house like Kiyosaki was.    Got jobs and worked up the ladder.    Today there are uncountable homeless.    By owning silver coins/medals/silverware/dishes/anything real silver is how those poor can pick themselves up and out of poverty.     It is vital they understand this.    For years i have told bank tellers, store employees, coffee shop employees, etc the value of silver in the long run.    Many collect junk silver that come thru the change drawer.    When the silver price manipulation falls apart these people will be in a much better position.    For me it is vital that poor/low income people around the world understand this and collect all the real silver items they can now.
In the past we have all seen many flu, sickness, ebola, SARS, bird flu, etc..    We have never seen entire countries like Italy totally shut down.   Russia is smart and have closed their borders.     This virus is different and the reaction is very different .   It makes sense the leaders/politicians understand this is a man made bio weapon due to their actions.    It is all common sense.....

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #382 on: March 11, 2020, 08:17:36 AM »
Math is always correct.    Goldseek   "COMEX gold EPF use surges"......      Typical of many articles that use math to prove the truth.....

All of you struggling/low income people, buy/hold real silver anything because it is dirt cheap today and you will gain in the future.    For those of us that have some riches, it makes sense to give away silver dimes, etc... to encourage others to study silver and own it.    Have done this for over 15 yrs now...

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #383 on: March 12, 2020, 08:39:12 AM »
Looks like panic to me.    No NBA, NCAA no fans allowed, etc....    People call and knock on my door asking why is the world shutting down due to a flu.    It cannot be a flu.   I tell them to read...

Reddit  "I am a senior Chinese military......."       It may not be 100% true but it makes sense.   

Here is what CNBC has to say....  emergency meetings w/ our President and staff.    They will ask for the removal of tariffs w/ China is one goal.     It has a chance to pass and if so the 25% tariff on coins/medals will end.    Lets see what happens.     Those that paid the tariff, you will not get refunded......

Offline dynamike51

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #384 on: March 12, 2020, 01:28:40 PM »
Looks like panic to me......


I would not have noticed had you not notified us ...  N8 whew ... thanks.

I'm looking for the "mute" button ....

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #385 on: March 12, 2020, 05:36:48 PM »
How to know if you have the coronavirus and what to do...
King World News    "Alert out of Israel....."

SRSrocco report  "Sales explode;  US mint sells....."
Could this be the beginning of the silver price explosion?....

We all see the Dow hit second circuit breaker today and shut down.   VIX  hit 76.   2008 it hit 90+.   

FOX news, Tucker Carlson said some of our retired Pentagon officials have been hired by China.   Expect a big news story on this.   Is this treason?...

Offline KeyDate1/2ozPandas

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #386 on: March 13, 2020, 10:41:22 AM »
Silver is too bulky and is really an industrial metal with much more supply than demand.  Gold is an investment hedge for currency and is portable.  I see gold/silver ratio hitting 200 to 250, gold goes to $2500 and silver drops to $12.50 to $10.00 over the longer term.  My thinking is based on what has happened to platinum, it is 30x more rare than gold, yet trades at half the gold price, the only explanation is gold is the universal currency, while platinum is just an industrial metal. 

Also, the younger generations don't want clutter and bulky items, they want a more minimalistic lifestyle, which means 1oz of gold vs a bag or large box of silver.  As baby boomers retire they will be dumping bags and boxes of silver and there will be no young buyers, which will cause prices to drop. 

Also, the most likely buyer for the precious metal as a currency hedge will be foreign buyers in countries ruled by socialist or communist governments, they will not be buying silver from America, but gold.  Anyone that has shipped a monster box or a bag of 90% silver will understand why.

Finally, silver is the poor man's gold, the way the economy has been trending, poor get poorer and rich get richer, I don't see any reason this trend will change.

My advice to clients is sell all your silver bullion and buy gold bullion.  As for numismatic items that is totally different conversation, it is nicer to own 20oz silver than 1oz gold of a coin that has a nice design.   

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #387 on: March 13, 2020, 05:57:48 PM »
Interesting...        I like junk silver dimes and small gold because when the price increase comes, it makes sense to own the smaller ones like gold 1/20, 1/10 & 1/4.       A gas station fellow in Bend OR told me that years ago they had a sign up that said 1 silver dime per gallon of gas.    Probably back when gold hit over $800 oz.   No XRF gun needed, junk silver is easy to recognize and makes a ping sound.    Junk silver could easily become real money again when the USD eventually drops.    Today roughly 15 regular dimes per 1 junk silver dime to buy.
Many countries/people are buying silver too as gold is much more expensive.     Gold to silver ratio was recently 90 silver to 1 gold.    Out of the ground it is about 10 to 1 so silver can climb.      Silver is used in many industries due to past low price, platinum is limited due to past high price.     I own some junk silver dimes, numismatic silver and a few gold.    Like both of them.    Junk silver & bullion are not so pretty same as US numismatics.    Chinese numismatics are awesome due to talented Chinese artists.    Wow factor.
Once owned 100 oz bars/bricks about 8 lbs each of silver.   I would advise trading them for smaller units.    Bricks would be good if you are one of the 3 little pigs....

Offline KeyDate1/2ozPandas

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #388 on: March 14, 2020, 12:47:27 AM »
Anyone over the age of 55 knows what junk silver is because they saw it as a kid and hoarded it when silver started going up.  Anyone under the age of 35 has no clue what junk silver is and would never buy it, that is the problem for the future.  The typical buyer for junk silver is between 60-70 and the typical seller is between 70-85, once the current group of 60-70 goes from buying to selling in the next 5-10 years there will be zero demand for this stuff and will cause the price of silver to drop multi-decade lows.  I have seen it play out in the stamp market, anyone that has ever received a package from me knows that their package will be plastered with stamps from the 1970-1990s, which I buy at 50% of face value. Imagine someone spends $100 in 1970 for stamps, today I pay them $50, that what happens to markets where no one younger is there to pick up the supply, prices go down continually.  If that person had instead bought 1/2 acre of farmland, that land would be worth between $8K-$500K depending on which city and current zoning, instead they are left with $50. 

Never own something that doesn't have demand from the younger generation.

Offline pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #389 on: March 14, 2020, 07:56:35 AM »
I disagree.    In my community and surrounding areas the youth and older folks are collecting junk silver.     People could see the huge problems we have in the West and they read on line articles.     Today everyone has and reads computers.     It will be a lot easier to accept junk silver as money instead of a 1 oz round due to all the fakes.     Those that did not pay attention to PM will pay the price.

The King World News article i posted was quickly removed.     People want to see it but could not find it.    It seems good/honest articles get removed fast now.    Maybe a on line Israel article will post it.    One symptom of this virus is a dry mouth.      You weed smokers are in trouble!..... 

Food supplies in OR are now being bought up as the panic grows....