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Thread: Who buys gold ?

  1. #1001

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    Maybe. But, Russia has plenty of both au/ag in the ground. I'm sure they both want to bankrupt tar and shale. And, no country with a brain would allow themselves to be solely reliant on oil revenues. Times were good and they stacked gold, now gold price is high, and now is a good time to let the miners sell it domestically or nationally. This is great news for those of us who like buying gold, prices will fall if other countries or central banks release pent up demand.
    Quote Originally Posted by yellowsnow View Post
    because the oil price war got out of hand, Russia is now selling some gold to help the national budget
    IMO, putin didn't thought Saudi would call his bluff,
    2nd, putin caught off guard with black swan covid19 which compound the oil price crash

  2. #1002

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    Quote Originally Posted by everything1 View Post
    Maybe. But, Russia has plenty of both au/ag in the ground. I'm sure they both want to bankrupt tar and shale. And, no country with a brain would allow themselves to be solely reliant on oil revenues. Times were good and they stacked gold, now gold price is high, and now is a good time to let the miners sell it domestically or nationally. This is great news for those of us who like buying gold, prices will fall if other countries or central banks release pent up demand.
    Russia has much less USD now given oil price got chopped more than 50%. Russia also sold off their USD reserves.
    Russia need to sell some gold to get USD.
    yes, it maybe explain why POG has dropped a bit last days after peaking

  3. #1003
    Join Date
    Jan 2017
    Posts
    4,129

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    CME has changed the gold delivery rules, clearly anticipating shortages.
    April20 contracts open, standing for delivery is 2,559,500 oz. Usually
    standing for delivery is around 1,000,000 oz.

    Many of the contract holders actually now want real, physical gold.

    https://www.zerohedge.com/news/2020-...ox-craig-hemke

  4. #1004
    Join Date
    Jun 2014
    Posts
    3,458

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    Quote Originally Posted by oak333 View Post
    CME has changed the gold delivery rules, clearly anticipating shortages.
    April20 contracts open, standing for delivery is 2,559,500 oz. Usually
    standing for delivery is around 1,000,000 oz.

    Many of the contract holders actually now want real, physical gold.

    https://www.zerohedge.com/news/2020-...ox-craig-hemke
    They will get a big fiat bonus if they forfeit the delivery demand....wonder what will win

  5. #1005
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    Jan 2017
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    4,129

  6. #1006
    Join Date
    Jan 2017
    Posts
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    Germans hold 9,000 tonnes in private gold.

    Lots of Germans expect a currency. reform.

    https://www.zerohedge.com/news/2020-...taly-dishoards

  7. #1007

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    Quote Originally Posted by oak333 View Post
    Germans hold 9,000 tonnes in private gold.

    Lots of Germans expect a currency. reform.

    https://www.zerohedge.com/news/2020-...taly-dishoards
    Italian and French sure like jewellery than the germans

  8. #1008

    Default

    Quote Originally Posted by oak333 View Post
    CME has changed the gold delivery rules, clearly anticipating shortages.
    April20 contracts open, standing for delivery is 2,559,500 oz. Usually
    standing for delivery is around 1,000,000 oz.

    Many of the contract holders actually now want real, physical gold.

    https://www.zerohedge.com/news/2020-...ox-craig-hemke
    Tell that to the folks on this board that try and suggest paper players don't stand for delivery and accept fiat. They insist futures contracts are only used to hedge actual physical purchases.

  9. #1009
    Join Date
    Jan 2017
    Posts
    4,129

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    Gold price follows the ratio Debt-to-GDP

    http://news.goldseek.com/GoldSeek/1586350800.php

  10. #1010
    Join Date
    Jan 2017
    Posts
    4,129

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    Holdings of gold ETF'S swell to a record high of 3,185 tonnes
    in March 2020.

    https://www.reuters.com/article/gold...-idUSL8N2BW5IG

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