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Thread: Who buys gold ?

  1. #2891

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    Quote Originally Posted by maxwellsilverhammer View Post
    i just got a couple kilo bars at $3 over
    I like those also. I think silver will have a big % move soon. People who balk at the price of gold will find Ag more attractive.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  2. #2892
    Join Date
    May 2013
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    1,491

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    [QUOTE=Miteysquirrel;2791074]I like those also. I think silver will have a big % move soon. People who balk at the price of gold will find Ag more attractive.

    YES................She gets lost in my big blue eyes..!
    Ag guy
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  3. #2893
    Join Date
    Jan 2017
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    4,129

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    Markets and gold.
    --------------------

    https://dohmencapital.com/wp-content...L4162023#nonwl

    A few points:

    ----markets are under distribution

    ----the bear market rally is ending

    ----the wild daily fluctuations are due to computer HFT (High Frequency Trading)
    which makes more than 80 % of the trading volume

    ----the cycles for gold are 1) 20 year bear market starting 1980 and
    2)30 year bull market starting 2001. This forecast is right on target.

    ----we are now in a historic strong credit crunch, hitting all markets
    including gold. This credit crunch will cause a sudden stock market
    plunge, too fast for the naive bulls to escape.

  4. #2894
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    Jan 2017
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    4,129

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    The short position of the bullion banks is close to
    the all-time record high.

    https://kingworldnews.com/update-bul...l-time-record/
    See chart (second chart).

    My note: we can probably anticipate a decline in the price of gold....but not for long.

  5. #2895

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    In order for one entity to buy gold, another entity needs to supply it,

    Below is a chart that claims to show the mining rate over the last 200 years. This period accounts for well over 3/4 of the current total world supply, if you believe the Gold Council's numbers.

    The current mining rate represents roughly 2% of the total world supply on a per year basis. The individual sources have varied over the years. South Africa is no longer the world leader it was back in the 1970's

    https://cms.zerohedge.com/s3/files/i...?itok=-ZUJG2dl

    3.000 tonnes per year is a lot
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  6. #2896
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    Jan 2017
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    4,129

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    Newmont has a final bid for Newcrest

    https://www.reuters.com/markets/comm...nt-2023-04-10/

    Newmont is already the biggest gold miner. Acquisition of Newcrest
    will strongly consolidate its position.

    At more than 16 $ billlion is the largest acquisition in the gold mining
    sector.

    Combined they will produce annually 8 million oz of gold
    (6 million Newmont + 2 million Newcrest)

    https://www.bullionstar.com/blogs/ro...gold-producer/

  7. #2897

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    Quote Originally Posted by SilverPalm View Post
    In order for one entity to buy gold, another entity needs to supply it,

    Below is a chart that claims to show the mining rate over the last 200 years. This period accounts for well over 3/4 of the current total world supply, if you believe the Gold Council's numbers.

    The current mining rate represents roughly 2% of the total world supply on a per year basis. The individual sources have varied over the years. South Africa is no longer the world leader it was back in the 1970's

    https://cms.zerohedge.com/s3/files/i...?itok=-ZUJG2dl

    3.000 tonnes per year is a lot
    3;000 is a lot and not a lot compared to the trillions of fiat swimming around. It represents about 180 billion $, a flys' sh*t in the corner of the worldwindow. debt. I guess that the BRIC trade in secret is linked to the physical goldspotprice. Cannot see how they otherwise can trust their respective fiat. There must somewhere be a lind of ledger, the apure very mont or week. How can one otherwise compare argentine pesos andwith yuan and ruble or rupies when the whole circus of unstable currencies trades with oneanother, there MUST exist a kind of basically accepted and masterable unity, I prefer it be the goldgram, that is an easy calculable unit. I owe you x grams and you owe me Z grams, difference Y grams in my favour, plse transfer them in our common vault to my stack. Not very complicated.

    Golditiki2+++ .

  8. #2898

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    Quote Originally Posted by Miteysquirrel View Post
    I see silver, but premium is at least 5.

    I like the 10 oz bars...easy to stack.

    Pretty excited to get a delivery from Kitco after all these years, my first buy lol.
    Got my Kitco delivery today...like Christmas morning. Pick up some 50 pesos also...they are my fav gold piece.

    https://prnt.sc/cDnNkA8p7dzS
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  9. #2899
    Join Date
    Jan 2017
    Posts
    4,129

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    Intraday, gold has reached a new all time record high of 2,085 $

    https://finviz.com/futures.ashx

  10. #2900

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    Quote Originally Posted by Miteysquirrel View Post
    Got my Kitco delivery today...like Christmas morning. Pick up some 50 pesos also...they are my fav gold piece.

    https://prnt.sc/cDnNkA8p7dzS
    Nice Miteysquirrel!

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