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Thread: Who buys gold ?

  1. #2941

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    Quote Originally Posted by redraspberry View Post
    Stupidity reigns folks, but they do live among us...LOL
    Stacking since the late 1970's

  2. #2942
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    A 95 years study shows that gold averaged 13 % return annualized
    during periods of inflation.

    https://www.blanchardgold.com/market...ing-inflation/

  3. #2943

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    The premise of this video seems to be that people donít understand the value of gold. That is likely part of what is going on here, but there are probably other factors at play as well.

    For openers, there is a lack of trust in unsolicited offers from strangers on the street.

    Several people state that they donít know if itís real or not. The offer to have it tested at the nearby shop, that the potential conman has picked, gives little reassurance because of the possibility that the guy is in cahoots with the shop.

    There is also the fear that the guy might be unloading stolen goods.

    I have a pretty good idea what that coin is worth on a daily basis & the ping app in my cell phone gives me an opportunity to test it on the spot with at least a pretty good test. BUT, I would still be concerned about receiving stolen goods, even if I became convinced that it was real. I would likely not trade with that guy either.
    ďThe Federal Reserve is not currently forecasting a recession.Ē
    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.

  4. #2944
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    If someone did agree...He would likely just say..."Ah, I finally found a smart one, just joking" compliment them, and then give them a $10 bill for being on the video. Or, perhaps some did agree and got edited out to save the narrative and get more u-tube hits. (keep in mind, his motive is u-tube views) Having said that, I do agree that most folks are ignorant in regards to PM's.

    Ag guy
    Last edited by Ag guy; 06-25-2023 at 09:55 PM.
    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

  5. #2945
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    How much is the gold market ?

    In annual figures the markets are:

    2.1 trillion $ the oil market

    283 billion $ the iron market

    196 billion $ the gold market

    After that come copper, aluminum, nickel.

    https://elements.visualcapitalist.co...kets-combined/

  6. #2946
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    Central Banks: record gold buying in Q1-2023 net buying 228 tonnes.

    https://www.youtube.com/watch?v=YQ4LRIg57io
    minute 2:25

    That is higher than the previous record of 2013.

    Gold is the bedrock of the financial system. Lots of people should
    relearn that.

  7. #2947
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    Mystery of gold prices.

    https://finance.yahoo.com/news/myste...103738344.html

    What influences the gold price ? A hedge against inflation,
    protection against financial calamities, real interest rates etc ?

    When you think that you nailed it...gold price acts differently.
    The more robust evidence is for real interest rates, US $ strength etc


    There are other factors too, like liquidity, sentiment, inventory etc.
    So far the Fed dominated the gold market, through proxies. It looks
    like this dominance is starting to fade away....but who knows ?

    "He who thinks he knows, he does not know. He who thinks he does
    not know, he knows."

  8. #2948

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    One thing that I've believed is that you need to be a contrarian, buy when others are afraid and sell when the herd is going all in. Or when all you read in forums is gloom and doom, that's when it is time to think for yourself. Be the trend and not the last one in follower of a trend.
    American Legion Preamble: https://www.legion.org/preamble

  9. #2949
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    Yes, the trend is your friend.

    Trouble is in the last time there is no trend, as money managers complain.
    Maybe algorithmic trading ?

  10. #2950
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    Central banks are increasingly repatriating their gold (41 % of central
    banks surveilled).

    2 out of 5 central banks surveilled expressed concerns about their assets being frozen.

    Central banks bought 1,136 metric tonnes of gold in 2022.

    About 40 % of central banks surveilled expect to increase their gold allocation.

    Central banks do not believe that the yuan will be a world reserve currency in the
    next 5 years. TINA (there is no alternative) to the US $ now.

    https://markets.businessinsider.com/...keeping-2023-7

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