20 posts shown.
Melissa Sanchez17 said:And while we're on the subject... what kind of actual guarantees is our buddy here giving us regarding that gold he's out here peddling???
He can give you whatever guarantee you want, buddy. But honestly, there’s no point anymore since everything is already settled. 🙂
As for renting a safe in Canada—specifically in Topeka—NEVER AGAIN, BUT NEVER AGAIN !!!!!
Why?
- Those Canadian types won't even speak American! No way am I handing them my cash. They can forget about it; they can rent their own damn safes.
- You lease a safe for a year, but you have to give them months of notice before the term is even up if you want to cancel.
- They are expensive and incredibly rude. I went to a vault once, and the woman at the counter rolled her eyes faster than a tire spins at a gas station when you're fueling up. Am I supposed to give them money? I'm not crazy!
- They are stingy to a fault. So cheap, in fact, that they probably weigh themselves before and after using the restroom just to calculate the profit versus the loss.
- And look, you don't BUY gold in Canada if we're talking about reliability. There are plenty of options that are cheaper, more dependable, and more professional than some local outfit. But hey, everyone is the boss of their own wallet and their own goods, so buy from whoever you like. The only thing I don't get is your cynical smirk at my comment—what was that for? If you don't want to buy, fine, but don't belittle or mock me just because you don't know the backstory. I was simply trying to help an elderly gentleman. You know how those old folks are? They're fragile, afraid of their own shadows. See? In the end, I didn't make a dime from the sale; I just thought if someone wanted it, they could buy it without having to drive all the way out to Van. If I had posted that as a sales ad, the admin would have banned me IMMEDIATELY!
Melissa Sanchez17 said:That's like maybe $20 more per ounce than what you'd find at a place like JPMorgan. 😂 It really would be a shame to let this one slip by. 😂
Before you die of laughter, try being as kind as you are clever and actually enlighten us. At what price point would you be buying in the US today? What do you consider a fair market value over here?
They’ve started selling those 1oz gold New York Philharmonic coins here in the US for over $1,300 an ounce. It would be a shame to let 🙂
pass by.
Patrick Moore3 said:It’s not the Chinese, it’s actually the Russians who are the biggest buyers... according to them:
http://rt.com/business/news/russia-b...old-buyer-946/
I'd throw this in there too
http://www.nytimes.com/business/gold-prices-surge-amid-global-uncertaintyIf both these reports are legit—and I'm betting they are—we're looking at quite a show soon. Combine that with Germany pulling gold out of the Federal Reserve, and the reason for this gold price surge becomes obvious. We won't see any benefit from it here in the States, and neither will the rest of you.
I’m afraid we’re talking past each other. It depends on how you look at it! I think we both understand and don't understand each other at the same time...
I never claimed there wouldn't be volatility or brutal corrections on this rough road. I’m not pointing fingers at you, or anyone else on this forum, just because of their forecasts. That would be disrespectful to people trying to share their expertise with us. On the flip side, regardless of my knowledge, yours, or anyone else's, things can pivot in a completely different direction in an instant.
But here’s the thing: the entry and exit points are everything. That isn't just important; it's the most critical part. Timing your entry and exit is vital when discussing any investment. That’s why I suggested it might be unwise to buy physical bullion, since paper assets allow for much easier movement. Then again, trading paper feels like a gamble to me—you're trading something invisible, and we've seen plenty of times where the house wins. There's a real scenario where paper gold from a specific issuer turns out to be nothing more than a ghost; it simply doesn't exist. When you hold physical metal, what you paid for is sitting right there next to you. That was my point when I jumped into the gold debate; you took me for a skeptic. I am a partial skeptic, sure, but only because of my history with precious metals.
No, it’s about what happens in the interim... And naturally, my goal isn't just capital preservation; I want to make a profit too. Protection comes first. But for actual gains, in my estimation, we’re looking at a ten-year horizon. I’ve always maintained that. That is your opinion, and I respect it, as I respect everyone else's well-intentioned views. With all due respect, however, I take your view with a grain of salt—not because I doubt your intellect, but because we have seen enough market manipulation to know better. Americans will move mountains and fight tooth and nail to remain the number one global superpower in every sense. In those circumstances, I factor heavy manipulation into my math. If the US didn't keep things "under control"—meaning if they released a truly transparent picture of the gold situation—it would be significantly more expensive, in my view. That's just my take; you don't have to agree. But what we *all* have to agree on is that the price is what it is right now, whether people like it or not.
Is a 10% drop a problem for you? What about for anyone else? I don't know anyone who enjoys losing money.
Fair enough... I just meant there are far worse situations out there. If a loss is too hard to stomach, then sell it so you don't lose more... In your following comments, you explained beautifully why one shouldn't sell, and I'm with you on that. Whatever happens, happens.
If you genuinely feel I owe you something, let me know. We can pick a date and a method for settlement, keeping in mind I’ve always said we’d need to wait over five years...
I don't follow. What "settlement" are you talking about? Where did you get the impression I’d ever settle a score with you or anyone else? The most I can do with you or anyone on this forum is grab a coffee and have a chat. That's it. No settling scores. Don't insult me; I'm not making threats. I’m just stating my opinion, which I admit gets a bit louder when I'm passionate. Sorry, I never learned how to sugarcoat things. My policy is to hit them straight in the face, and the most hollow phrase I hear is someone offering empty platitudes just to comfort someone without providing any real arguments.
But, from what I gather by your logic, you wouldn't rely on a forum to make a decision about buying precious metals either.
We're all different, obviously. On the other hand, you often get a much more realistic and truthful picture from this forum than elsewhere.
So, I don't see why it's a problem to express an opinion. We live in a democracy, after all; everyone makes their own calls.
Agreed! Everyone is the architect of their own fate and fortune.
One thing I've always maintained is that you buy gold and silver when prices are high, and right now, compared to what they could be, they aren't. And based on my assessment of what's coming... prices will have to go up, whether anyone likes it or not.
Based on my experience with gold and just plain old life, what goes down must come up, and vice versa.
I’m not backing down; I’ll happily ride out these corrections. Like they say, come hell or high water!
And I certainly won't stop speaking my mind. Honestly, you guys aren't even facing a real crisis when you consider the struggles in Africa, Asia, and beyond, where people toil for pennies. Maybe give that some thought... because your perspective depends entirely on how you view the situation. Besides, you can cash out whenever you want; you aren't exactly starving, and from what I can tell, you have plenty of breathing room.
That's a lovely sentiment and true enough, but believe me, I might be more aware of the weight of those words than you are. That's why I'm being stubborn—disaster doesn't always strike someone else. What happens in Africa or Asia could land on our doorstep, or in your backyard, tomorrow. Hope you agree?
It's like you're letting the money call the shots. That's backwards; you should be the one calling the shots with your money.
You've got a point there. But who isn't being led by the money? Just look at what desperate people will do. Some will sit on freezing pavement in the middle of winter just to beg for enough change to grab a bite. Sure, there are beggars who just don't want to work, but they aren't the type of people I care to discuss.
Personally, I couldn't care less what happens to gold over the next two years...
Hmm, I suspect you care more than you let on. As for me, I care quite a bit—I'd sleep much better if prices were climbing instead of leaving me with this constant shadow of doubt. Again, any scenario is on the table.
Money is waiting right at the door.I couldn't agree more!
And some people end up "counting" it on their deathbeds, leaning weakly against a window in a major cathedral...
I didn't quite follow your meaning there.....
Robert Vaughn10 said:It’s about time we broke through the 1700 USD mark. At this point, we're just spinning our wheels. It isn't going lower, but it’s certainly not climbing either. If we actually want to make a run toward 1800 USD, we need some real momentum—moves of at least 15 USD or more.
Unfortunately, my colleague is mistaken; it’s not that it won't go down, it absolutely will. As we saw yesterday, we’re circling the drain. Maybe you finally understand why I'm so pessimistic, or perhaps you need more "proof"?
For days the price has been creeping up just to plummet vertically! There is one fundamental difference between us. First and foremost, I invest so that I can
make a profit, and if I'm not making money, I at least want to protect what I put in. That's why I see a massive red flag when I'm bleeding 10% in Euros and even more in USD. This is a huge issue for me because I didn't find this cash lying on a sidewalk; I worked my tail off for it. Please, in the future, don't try to tell people whether 10% is a lot or a little of their own money. Anyone with enough sense to be investing today already knows if 10% hits them hard or not.
That's all from me. Wishing everyone a good day and hoping for some green on the charts, though I have my doubts!
Robert Vaughn10 said:It matters. Because it wasn't just a year ago—for several months, you weren't backing the case for investing in gold and silver. At least, that’s how I read it. Correct me if I'm wrong. What is a potential investor supposed to think when they rely on opinions like yours? On what basis have you changed your mind now? Just explain that part, though I haven't seen much from you lately to update investors on your current stance...
At least, that's how your tone came across back then; you sounded desperate. Everyone has their moments, and I've certainly had mine, but even during those times, I maintained support for gold and silver investments through my tone—even when I wasn't entirely convinced it was a brilliant idea. It’s a massive distinction, not some minor detail. It doesn't matter to me personally, but for the sake of new investors, people should know where I stand.😉
So, it isn't just important. It's critical.
I was speaking from personal experience. First off, I respect everyone on this board because people here give it their all trying to map out price movements for precious metals. But despite all that effort, passion, and expertise, people get burned constantly—not because they lack knowledge, but because you simply
can't fight market manipulation. It should be obvious to everyone who holds the cards in the American stock market. Let me put this in perspective from where I sit. Back in 2011, I bought a physical ounce of gold for €1,375, which was roughly $1,850 at the time. Today, an ounce is sitting at €1,261 ($1,667.60). Do I really need to go on? My takeaway after a year and a half is that I probably shouldn't have bought. Meanwhile, the paper traders can jump in and out of positions instantly, waiting for the perfect entry, while I'm just sitting here under my mattress, happy to have the physical metal but feeling the sting of the loss. Having the physical stuff helped me sleep at night, I'll give it that🙂. But what am I supposed to do with physical bullion? Sell it just to break even on my market losses plus the bank's spread? Everything I've said is based on what happened and what is coming
??????????????????????? only time will tell...........
I don't quite get why my skepticism regarding gold has become such a massive deal, especially since this has been dragging on for over a year. Honestly, I think we should be focusing on giving Bill Gates an answer instead. Don't you agree?
mellownomad said:How realistic is this scenario, really?
Maybe not tomorrow, but it's incredibly likely. Washington manipulates whatever it needs to, people are fed up with the games, and frankly, they should expect the fallout.
quiettrucker12 said:True, but the big hurdle right now is breaking past $1,700. Anything can happen, but if we don't clear $1,700 (maybe this week?), things could get messy... honestly, slipping below $1,660 would be 🙂 🙂.
Looking at the current setup, with all due respect, it could easily slide past $1,660 on its way down. 😢
lonehawk5 said:1. No offense intended. 🙂That's just how I deal with anyone who gets overly heated. I'm not exactly a kid anymore, but I'm not old either—though based on this forum, I feel like I'm hanging out with a bunch of retirees.
2. No comment.
3. Thanks.🙂
4. It’s way too easy to get the wrong impression on a forum like this. And I don't need any bets.😁
By the way, all I care about is making sure my assets are liquid. Everything else is secondary.
Have a good one.
Alright, let's get moving. Another day, another shuffle of the deck. So far, we’ve seen some minor green candles popping up in the DMs, but the real question remains: how far does this rally actually go? 🤷
lonehawk5 As stated by:
Limač, you're getting way too emotional on me.🙄
I fail to see why you’re tethering the concept of happiness to market fluctuations or life's ups and downs. It's a shaky foundation.😕
So, now that your buy-in is north of $1,800, you’re suddenly paralyzed? Typical.
I couldn't care less.😁I’ll just shift my position depending on which way the wind blows. I know that’s a hard concept for you to grasp.
The issue with fundamentalists is that they usually jump in far too early and end up tying up their capital for ages. They run out of patience before the move even happens, dump the position, and then watch it head exactly where they predicted. Then you have the other breed: the ones who wait for endless confirmation until they finally dive in way too late.😉 They just can't bring themselves to admit they were wrong when the market finally pivots or corrects.
And yet, they always find a way to take offense whenever someone refuses to play along.
Keep a cool head, or you’ll find this isn't a job for you.
By the way,
I see you’ve been holding your tongue.😁
I thought about sliding into your DMs, but that felt a bit shady. Let's just lay it all out here in the open instead.
I'm still waiting for the rest of that thought. One word isn't much of a conversation.
A grinder. Massive.
+ I'll come over for a game of checkers, old friend. I might even bring some coffee along for the ride. 🙂 Back when I was working metal, life was simple—no headaches, no overthinking. Nowadays, it’s nothing but endless stress and zero common sense. 🙂
I didn't make it into the 1800s—not quite, though I was getting close.
I’m not having any trouble grasping why you're switching sides. I truly hope you find success—get in on schedule and get out on schedule.
I’m with you on the rest of your points. It felt like you were celebrating the gold crash, though. Personally, I can't stand watching anyone take a hit, which is why I reacted that way. If that wasn't your intention, my bad. Hats off to you—I’ll go grab us a round of drinks. 🙂 Ready when you are.
Good evening.
lonehawk5 said:☕
Just ask me what you actually want to know.
I can tell you're holding back on what you really think...
Why would I hold back? 🤷 I simply asked if you were happy about the gold rush. 🙂 That’s it. But you, true to form, turn a simple question into some deep philosophical debate. 🙂 It reminds me of someone overthinking whether they should play chess, paralyzed by indecision until the train pulls out of the station without them—only then deciding to be happy that some gold fell off the tracks. 🙂>> You're pathetic.
quiettrucker12 said:We’ll find out soon if we can push toward 1660 by Monday, or if yesterday's 1641 was the peak. If it was, we’re looking at about ten days of a slow slide down to 1600—maybe even hitting 1575. After that, I'm hoping for a rally bigger than this recent 7.5% jump ($115, from 1526 up to 1641), slowly grinding our way toward 1800 or 1900 by the end of summer. Bernanke is speaking today, and gold usually takes a hit when he does. If I recall correctly, the speech is at 10 AM ET.
And that's exactly how it played out. A downward move. We'll just have to wait and see.
granitegull51 said:How many of these wild predictions did we see back in 2011?
They’re really overreaching with these forecasts again. Honestly, from what I can tell here in the States, there aren't any delivery delays whatsoever despite all this talk about "insatiable demand."
Maybe they’re exaggerating, maybe they aren’t. Regarding the supply issues—hmmm. Sure, deliveries seem fine for now, but I wouldn't bet my life that things stay this way for long. There's too much noise lately, too much chatter about the gap between paper and physical gold or silver. If a panic hits the paper markets, a shortage of physical metal is a 100% certainty. Everything has an expiration date, even some of the most enduring institutions. It makes me wonder how long gold and silver actually function as "currency." They've outlasted every fiat currency in history. Whether it's peacetime or war, stability or chaos, these metals hold their value. In my view, they are eternal currencies. But from what I've seen, physical metal isn't meant for speculation—though it could easily turn into a speculative tool if people get desperate enough.
Gold is clinging to its position above $1,650, and today CNN sat down with John Bogle, Chief investment Strategist of The $ 10 billion strong BlackRock, to see if he thinks this rally is just getting started. According to Bogle, we are staring down the barrel of a massive breakout. His take? “I’ve long suspected that gold prices wouldn’t truly skyrocket until the physical demand finally crushed the paper speculators. But we’re hitting that tipping point now; people are grabbing actual metal because they’re waking up to the fact that the paper market is nothing but a scam.”
sourced from http://kingworldnews.com/kingworldne...This_Move.html
Hmmmm, Iranians are pretty wild