AndersB

Gold

2040 posts in this topic

The problem when you don't physically hold The Precious.

 

link

 

 

...Most recently, the bank made headlines last week when its Xetra-Gold exchange traded bond failed to deliver gold upon clients' request. This understandably sparked grave concern from many in the financial realm that Deutsche Bank's back is against the ropes once again....

Share this post


Link to post
Share on other sites

gold seems to have bottomed and everyone is now waiting for the breakout.  will be interesting how this combines with the dollar rise.

silver has a yearly turnpoint in 2018 which could be a low. so by november this year, things will get really interesting!!!

personally im long and expect a breakout abovve the sideways range by 2019 and new highs by 2024

Share this post


Link to post
Share on other sites

with the coming banking crysis i expect people around the world going crazy for physical gold coins!

imagine the mess, especially in europe when governments go bust AND banks go bust, no one can save no one, so people will go to cash and gold and land and food storage and dollars! 

you cant imagine HOW bankrubt for example italian banks are! thats double the population of australia trying to get into real assets like gold! this will be historical :)

Share this post


Link to post
Share on other sites
On 3.5.2018 at 9:25 AM, Swaize said:

gold seems to have bottomed and everyone is now waiting for the breakout.  will be interesting how this combines with the dollar rise.

silver has a yearly turnpoint in 2018 which could be a low. so by november this year, things will get really interesting!!!

personally im long and expect a breakout abovve the sideways range by 2019 and new highs by 2024

Still my opinion.

Share this post


Link to post
Share on other sites

I have forgotten about gold until the last week. An ounce retails for around 2,000AUD (about a 50% increase since I started buying ten years ago, I should have bought property!).

But it jumped from under 1,000 to about 1,500 during the GFC and I think we're heading for a global recession, so now is the time to buy in Australia IMO.

Share this post


Link to post
Share on other sites
13 hours ago, Mr Medved said:

I have forgotten about gold until the last week. An ounce retails for around 2,000AUD (about a 50% increase since I started buying ten years ago, I should have bought property!).

But it jumped from under 1,000 to about 1,500 during the GFC and I think we're heading for a global recession, so now is the time to buy in Australia IMO.

I wonder what happened to wulfgar. He was insightful when it came to gold.

Share this post


Link to post
Share on other sites

I haven't spoken to him in years. Lost track of him when he stopped posting.

I started buying USD when it was 0.80, now it's around 0.70. I think it's going lower, which means gold will go higher in AUD (most likely).

Share this post


Link to post
Share on other sites
4 hours ago, Mr Medved said:

I haven't spoken to him in years. Lost track of him when he stopped posting.

I started buying USD when it was 0.80, now it's around 0.70. I think it's going lower, which means gold will go higher in AUD (most likely).

IMO, The Precious is looking strong as all currencies are having a devaluation race with Trump's $US.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now