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Thread: Who buys gold ?

  1. #3011
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    Central banks buy gold like never before !

    They bought 387 tonnes H1-2023, after the record buy of 1,083 tonnes
    in 2022.

    They buy gold to strengthen the balance sheet and to increase liquidity.

    A main reason is the push for de-dollarization.

    https://markets.businessinsider.com/...before-2023-10

  2. #3012
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    There was much analysis of gold as safe haven...and some analysts
    reached the conclusion that "gold is more a safe haven." Eg the report below:

    https://www.smh.com.au/business/mark...29-p5dkcn.html

    Well, due to war danger in Israel gold today climbed more than 55 $. Today only.

    That shows that gold is really a safe haven. I would say:

    "Gold is the last safe haven standing."

  3. #3013
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    Quote Originally Posted by oak333 View Post
    There was much analysis of gold as safe haven...and some analysts
    reached the conclusion that "gold is more a safe haven." Eg the report below:

    https://www.smh.com.au/business/mark...29-p5dkcn.html

    Well, due to war danger in Israel gold today climbed more than 55 $. Today only.

    That shows that gold is really a safe haven. I would say:

    "Gold is the last safe haven standing."
    The text ....the conclusion that "gold is more a safe haven." should read

    ....the conclusion that "gold is NO more a safe haven."

  4. #3014

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    I am really astonished about the sudden rise of the bashed gold. It isn't Joe6pack who pays suddenly more for a " worthless rock " it are hard riders who deem the horse they are riding is gonna drop dead and they have to jump over to another horse. The War excuse is just a false flag for the change in behaviour.

    Golditiki2+++

  5. #3015

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    Quote Originally Posted by golditiki2 View Post
    I am really astonished about the sudden rise of the bashed gold. It isn't Joe6pack who pays suddenly more for a " worthless rock " it are hard riders who deem the horse they are riding is gonna drop dead and they have to jump over to another horse. The War excuse is just a false flag for the change in behaviour.

    Golditiki2+++
    i too was surprise by the quick rebound, didn't take advantage to add on the ~1820 low.
    I thought the high rate and the thought of potential more rate hike would keep PM price down for a while longer.

  6. #3016

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    Quote Originally Posted by yellowsnow View Post
    i too was surprise by the quick rebound, didn't take advantage to add on the ~1820 low.
    I thought the high rate and the thought of potential more rate hike would keep PM price down for a while longer.

    as i already said i think this gaza war is just a flag to cover the change of the deep pockets their mindset. The eternal discussion about increasing the debtlevel and the exorbitant unabated spenddrifts everywhere by the " democratic" governments in unproductive targets, combined with the fading spending by joe6pack, of course marks the minds of everybody who has lots of money in the game and there is a risk to be plumed whilst staring the butcher in the eye. A lot of big investorconglomerates who allowed investors to withdraw 4 money four times a year have now suddenly lowerd the withdrawal frequency to two times a year. It happened first in the US, but now it happens also in smaller countries . I.e, the big boys are trying to avoid runs.

    Fair enough to try, but i think the unwinding cannot be stopped and IMO so do those who now changed their mind on gold.

    Some are always smarter than others...but they ought to have a " moral " reason to change their mind away from paper, the Gaza warhystery is now a good flag.

    Golditiki2+++

  7. #3017
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    In my opinion the quick rise of gold price is justified, not only from
    financial considerations but also from geopolitical considerations.
    Israel and Gaza are just one aspect. There is more, much more, to it.

    Jamie Dimon, the CEO of JP Morgan, states it clearly:

    " The world is facing the most dangerous times in decades."

    "The investors should be prepared for high interest rates, persistent
    inflation, and fallouts from violent conflicts."

    https://www.bbc.com/news/business-67104734

    Gold is the last safe haven standing. In dangerous times,
    people and institutions buy gold.

    I do not believe in forecasts but I think the conditions are ripe
    for huge increases in the price of gold.

  8. #3018

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    one must have the money to buy !!! Inflation and the taxman rob everybodies spare money, so the goldrise will have to come from those who can cheat or sell paperinvestments ( because it is difficult to sell property these days.

    Golditiki2+++

  9. #3019
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    Central bank buying will drive the price of gold to all time highs.

    https://www.kitco.com/news/2023-10-1...ies-Melek.html

    A few points:

    ----China buys much gold but this is only 4 % of its reserves.

    ----the appetite for gold of the central banks will stay high for years to come.

    ----gold status as reserve asset will grow as the dollar will decrease in importance.

    ----last year gold was 46 % of total world reserves/

  10. #3020
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    They tried to take gold down...more than 20 $.
    Gold is nicely recovering though.

    https://finviz.com/futures_charts.ashx?t=GC&p=i5#

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