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Thread: Who buys gold ?

  1. #3021

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    "They tried to take gold down...more than 20 $."

    Could be just some folks who sold their sub-1900 digital gold.

  2. #3022
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    Huge battle to take 2,000 $ price.


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

  3. #3023
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    This is a great report, mostly theoretical re a model for gold price.

    I will quote though only one thing:

    "Gold has always been able to retain its purchasing power in the long run.
    But not it seems that gold is the ONLY form of money left that retains value.
    All other monies are just wildly fluctuating against each other."

    https://www.goldmoney.com/research/h...the-gold-price

  4. #3024
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    Gold tops 2,000 $.

    Main cause(s): global conflict and government chaos.

    https://www.zerohedge.com/markets/go...lobal-conflict

  5. #3025
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    30 years of gold buying by central banks:

    https://www.visualcapitalist.com/cha...k-gold-demand/

    Since 2010 the central banks have been net gold buyers.

  6. #3026

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    Quote Originally Posted by oak333 View Post
    30 years of gold buying by central banks:

    https://www.visualcapitalist.com/cha...k-gold-demand/

    Since 2010 the central banks have been net gold buyers.
    ...which leaves me wondering what happens when that stops.
    “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.

  7. #3027
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    Gold demand Q3 2023:

    ----it was 8 % ahead of the 5 years moving average

    ----net central banks buying 337 tonnes

    ----investment demand 157 tonnes, 56 % increase yoy

    https://www.gold.org/goldhub/researc...is+out+now%21+

  8. #3028
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    Quote Originally Posted by SilverPalm View Post
    ...which leaves me wondering what happens when that stops.
    When this huge gold buying stops, probably the whole world is
    back to the gold standard. Just my opinion.

  9. #3029
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    Jan 2017
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    SSRM is down 15 % today. Why ? The results are not that bad,
    but the quarterly report might be confusing..maybe guidance details.

    Actually the company is not doing badly at all

    https://www.gurufocus.com/news/21166...ehensive-guide

    That huge takedown was probably an overreaction....to what actually ?

    Time will tell.

  10. #3030

    Default

    Here's a blast from the past, that carries a lesson regarding counter-party risk.

    https://www.youtube.com/watch?v=AbltByhwKYQ

    This guy went belly up & left a lot of hands empty.

    I believe that we are fortunate to have a company like Kitco available to us in the marketplace today. Get 'em while the getting is good gentlemen.
    “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.

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