I don't like gold bullion bars. I prefer minted coins, despite the premium. They make for a nice traditional tragic maritime catastrophe. Just call me an inveterate romantic! However, I might make an exception for some good international settlements bars if they were palletized.Interesting article I read this morning...
See how Costco gold has affected the gold market: Interest in gold has increased since Costco began selling the metal in October. The market for it hasn't been affected by the warehouse giant's entry.
https://www.usatoday.com/story/mone...d-rush-drives-interest-not-value/73282210007/
What criminal interference if I had a gold future contract you bet I would sell it Dah .If you could chart criminal interference in the markets, this is what it would look like
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JPMorgan were convicted of gold price manipultion in 2022. It's still happening, by large firms but also central banks.What criminal interference if I had a gold future contract you bet I would sell it Dah .
These people that invest in gold the rich are not buying to hold there in it for PROFIT I see a big profit made here . sube
I was referring to the price at time of post nobody got charged manipulating yes some lambs in 2022 got convicted and are at the country club now . Everything is manipulated when (MONEY) is involved you just have to live with it . subeJPMorgan were convicted of gold price manipultion in 2022. It's still happening, by large firms but also central banks.
Without going on a rant, this price drop isn't profit taking, because the gold IS the money.
The amount of leverage is also very high.
Paper Gold Volumes Vs Physical Gold Volumes - Intelligent Partnership
“This article gives an interesting slant on what “could” happen to the gold price if everyone knew what they were investing into when buying into Golf Funds” Although I have been writing about the subject of gold price manipulation rarely have I seen the relationship of paper gold sales volume...intelligent-partnership.com
I don't consider it unfortunate, I consider it desirable in a world gone mad and fiat currency the global expectation. It skyrocketing serves to preserve wealth from the ravages of inflation.UNFORTUNATELY GOLD WILL SKYROCKET, WHILE EVERYTHING ELSE INCREASES ALSO... GAS, FOOD ETC
No way. Gold to the moon! This is just the first leg up.As they say.....what goes up, must come down. The price rise won't last forever. I was at a coin show on Sunday and was NOT a buyer of either gold or silver, but I did see quite a few people dumping what they had to the precious metal dealers.
JPM's gold trading head is currently in jail for it.I was referring to the price at time of post nobody got charged manipulating yes some lambs in 2022 got convicted and are at the country club now . Everything is manipulated when (MONEY) is involved you just have to live with it . sube
The general trend is upwards but there will always be ups and downs along the way.No way. Gold to the moon! This is just the first leg up.
5 years ago gold was $1280. In my pacific pesos it's up way more
I would think that Costco selling metals would have very little influence over what has currently is doing.Interesting article I read this morning...
See how Costco gold has affected the gold market: Interest in gold has increased since Costco began selling the metal in October. The market for it hasn't been affected by the warehouse giant's entry.
https://www.usatoday.com/story/mone...d-rush-drives-interest-not-value/73282210007/
I am looking for a stock investment in Kobs AZ. Nugget Finder's Club howboutitHere's what I see if it crashes down say 30%....It will be very difficult to BUY when it does. The sellers will be stuck holding at the higher inflated price. Like when I tried buying silver not all that long ago when it was around $13oz. I couldn't buy it anywhere for less than $18oz. Total scam.
I have to disagree with your analysis. Even during price drops I'm able to buy all the silver and gold I want at price levels that are appropriate for the current market. There are plenty of "charlatans" out there but there are also reputable dealers. I do all my buying at coin shows. A few years ago when silver was a lot lower than it is now, I was buying junk 90% silver coins at 10 times face value, now at current levels it's around twenty times face value. At current levels I'm not a buyer.Here's what I see if it crashes down say 30%....It will be very difficult to BUY when it does. The sellers will be stuck holding at the higher inflated price. Like when I tried buying silver not all that long ago when it was around $13oz. I couldn't buy it anywhere for less than $18oz. Total scam.