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

ManorcourtmanManorcourtman Posts: 8,031 ✭✭✭✭✭
in Precious Metals
Why not?

Comments

  • 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.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <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."
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • 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
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <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."
  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭
    Sub 1k is fine by me. My pirate chest could use some more!
  • 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
  • CakesCakes Posts: 3,630 ✭✭✭✭✭


    << <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.
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    Odd that JMBullion doesn't list gold Maple Leafs as being out of stock; just item not found.
    theknowitalltroll;
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Sure looks like it !!! image
    Timbuk3
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