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Floodgates are open........sub 1k gold next?

ManorcourtmanManorcourtman Posts: 7,903 ✭✭✭✭
in Precious Metals
Why not?

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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    May well happen. Lots of folks that bought from the telemarketers at 50% upcharges are buried and may need to get shaken out before prices rise.
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    OPAOPA Posts: 17,104 ✭✭✭✭✭


    << <i>May well happen. Lots of folks that bought from the telemarketers at 50% upcharges are buried and may need to get shaken out before prices rise. >>



    Those "folks" represent a tiny tiny portion of the gold market and will have no affect, just like they had no affect when they purchased at a 50% premium over spot. Gold & Silver will rebound when the speculators return and not before.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    derrybderryb Posts: 36,212 ✭✭✭✭✭


    << <i>

    << <i>May well happen. Lots of folks that bought from the telemarketers at 50% upcharges are buried and may need to get shaken out before prices rise. >>



    Those "folks" represent a tiny tiny portion of the gold market and will have no affect, just like they had no affect when they purchased at a 50% premium over spot. Gold & Silver will rebound when the speculators return and not before. >>


    But those speculators must first be driven from where they are currently parked - cash and equities. Rising interest rates and/or a floundering bond market will do the trick.

    Give Me Liberty or Give Me Debt

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    OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>Those "folks" represent a tiny tiny portion of the gold market and will have no affect, just like they had no affect when they purchased at a 50% premium over spot. >>



    Agreed.
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
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    OPAOPA Posts: 17,104 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>May well happen. Lots of folks that bought from the telemarketers at 50% upcharges are buried and may need to get shaken out before prices rise. >>



    Those "folks" represent a tiny tiny portion of the gold market and will have no affect, just like they had no affect when they purchased at a 50% premium over spot. Gold & Silver will rebound when the speculators return and not before. >>


    But those speculators must first be driven from where they are currently parked - cash and equities. Rising interest rates and/or a floundering bond market will do the trick. >>



    That's a big 10 4. Looks like 2014 will be another dull PM year.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    DrBusterDrBuster Posts: 5,308 ✭✭✭✭✭
    Sub 1k is fine by me. My pirate chest could use some more!
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Well.... just being an observer - and one who never predicts things correctly - I would say that the only thing we can depend upon is surprises.....and no doubt 2014 will have a few... Cheers, RickO
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    CakesCakes Posts: 3,470 ✭✭✭✭✭


    << <i>Well.... just being an observer - and one who never predicts things correctly - I would say that the only thing we can depend upon is surprises.....and no doubt 2014 will have a few... Cheers, RickO >>



    Agreed, very tough to accurately predict anymore.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
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    BAJJERFANBAJJERFAN Posts: 30,992 ✭✭✭✭✭
    Odd that JMBullion doesn't list gold Maple Leafs as being out of stock; just item not found.
    theknowitalltroll;
    MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Sure looks like it !!! image
    Timbuk3
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