Wheres those GOLD bugs now? - Page 18 - Business, Finances and Investing Forum

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Wheres those GOLD bugs now?

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07-28-2020 , 11:49 PM

#426

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 24,025

There is always a chance

Someone make a big text wall for wsb and pump that ****

Quote

08-02-2020 , 12:26 PM

#427

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,806

Interesting looking at the gold and silver online sites. A lot of the stock is sold out especially for silver. Preppers must buy the **** out of this stuff.

Of all the weird things to happen in 2020s a gold moon would be crazy.

Quote

08-02-2020 , 12:43 PM

#428

Jion_Wansu

grinder

Join Date: Sep 2015 Posts: 420

Thread title:

Quote:

Wheres those GOLD bugs now?

Having the last laugh!!!

HHHHHHHAHAHAHAAHAAHAHAHAHAHAAHAHAHHHHHHHHHAAAAAAAA AAAA

Quote

08-02-2020 , 01:05 PM

#429

djevans

Pooh-Bah

Join Date: Apr 2009 Posts: 5,120

I'm buying gold calls if GLD retraces to 180

Not sure what strike - maybe 165 and will sell some 190

Quote

08-02-2020 , 03:17 PM

#430

CandyKreep

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 6,418

Quote:

Originally Posted by djevans

I'm buying gold calls if GLD retraces to 180

Not sure what strike - maybe 165 and will sell some 190

181.5 is major support

It spent all of last week consolidating between there and 186. If it gaps up on Monday I don't see it retracing to 180 any time soon.

Quote

08-02-2020 , 03:41 PM

#431

mrbaseball

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 13,495

Quote:

Originally Posted by Jion_Wansu

Thread title:

Having the last laugh!!!

HHHHHHHAHAHAHAAHAAHAHAHAHAHAAHAHAHHHHHHHHHAAAAAAAA AAAA

Not so sure? At the time of the OP gold was around 950 while S&P was around 1000. I always though a triple was better than a double?

Quote

08-03-2020 , 10:58 AM

#432

GentlemanJack

adept

Join Date: Sep 2015 Posts: 949

Quote:

Originally Posted by SuperSwag

The only reason silver is selling is because gold is just about impossible to find at any price. So people are just buying any commodity they can; silver is a "rising tide raises all ships" kind of thing.

Quote

08-03-2020 , 12:55 PM

#433

GentlemanJack

adept

Join Date: Sep 2015 Posts: 949

Quote:

Originally Posted by Shuffle

Impossible. I was assured by every person of high intelligence for many, many years that gold is nothing more than a barbarous relic, and that anyone buying physical was just as dumb and crazy as the people holding "we buy your gold" signs on the side of the road.

Sarcasm is used by people lacking intelligence.

Quote

08-05-2020 , 08:09 AM

#434

Jion_Wansu

grinder

Join Date: Sep 2015 Posts: 420

Quote:

Originally Posted by Shuffle

I'll brag; I don't care. I bought gold in 2002 when it was really low!!!! HAHAHAAHAAHAHAHAHHA!!!!!!!!!!!!

Gold will be close to $2,200/oz by the end of this week probably if not sometime next week.

Gold is the rarest metal on Earth by the way...

Quote

08-05-2020 , 03:02 PM

#435

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,806

Gold is up

Quote

08-05-2020 , 03:57 PM

#436

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,343

Quote:

Originally Posted by Jion_Wansu

Gold is the rarest metal on Earth by the way...

when you exclude all the more rare ones anyway

Quote

08-05-2020 , 05:11 PM

#437

GentlemanJack

adept

Join Date: Sep 2015 Posts: 949

Quote:

Originally Posted by Jion_Wansu

So what?

I bough gold right before the pandemic and my average buy price is in the $1600 range. Even people like me are making out alright right now.

If anything, we should be disappointed that gold isn't $3,000/oz right now. Gold basically didn't move during March/April - no reason on earth why that should have been the case.

Quote

03-04-2024 , 03:05 PM

#438

TimTimSalabim

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 14,807

imo it's a safe bet that with a 35 trillion and rapidly accelerating debt we're going to see $3k gold in the relatively near future

eta: and yes I realize I said that in 2020 but this time I mean it

Quote

03-05-2024 , 02:58 AM

#439

pokerarb

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 6,187

I've been long since 2019. I'm super bulled up now. Hoping silver and the miners can catch a bid too

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03-05-2024 , 11:53 AM

#440

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,574

Peter Schiff is my favorite

Quote

03-06-2024 , 06:43 PM

#441

NLOmahaHL

grinder

Join Date: May 2014 Posts: 699

Quote:

Originally Posted by Jion_Wansu

Gold is the rarest metal on Earth by the way...

No it's not.

Quote

03-06-2024 , 09:46 PM

#442

Maximus122

banned

Join Date: Jul 2013 Posts: 1,103

CNBC is telling people not to buy Gold.

Interestingly, GLD has seen outflows as the price of Gold has been rising.

Pension funds, Hedge Funds, Endowments, Young People who prefer Bitcoin, they don't own any Gold.

Everyone has been so conditioned to buy the dip in over valued tech stocks, that there portfolios are completely unprepared, for a period when inflation is very high.

Quote

06-19-2024 , 06:18 PM

#443

BradleyT

Carpal \'Tunnel

Join Date: Dec 2003 Posts: 9,506

Gold bugs can now borrow a stablecoin on Ethereum using GOLD as collateral.

I.E. $10,000 in gold - you don't have to sell.
Mint $1-$7500 worth of stablecoins (75% MTV mint to value).

Use those stablecoins to buy BTC. Pump our bags Peter Schiff.

There's only $500M gold usable as collateral (xAUT) right now so aUSDT won't overtake USDT/USDC anytime soon. But it will definitely add to cryptos market cap over time.

Central banks accumulating gold the past 2 years, can you imagine them using gold reserves to build up their BTC reserves in 2025+....