Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,681
- Reactions
- 10,259
Exactly my thinking duc, but I don't have the eloquence to put it as you have.
I'm actually looking to add.
gg
Exactly my thinking duc, but I don't have the eloquence to put it as you have.Gold
View attachment 151454View attachment 151453View attachment 151452View attachment 151451View attachment 151450
Wait, there's more!
Mr McLeod:
Macleod - This Is The Word Out Of Asia As Gold Price Approaches $1,900 - King World News
Today London analyst Alasdair Macleod spoke with King World News about what he is being told by his contacts in Asia as the price of gold approaches the $1,900 level.kingworldnews.com
The rise of gold into a hiking environment from the Fed. is/was the signal that a huge surge from gold is on the cards.
View attachment 151455
The ETFs are actually selling gold as the price rises. This is the exact opposite of how they 'should' operate. It is more easily seen with silver.
View attachment 151457View attachment 151456
It is also happening with gold.
Simply, the BBs responsible for suppressing the 'paper price' need to hold as much physical as possible to contain the leverage. With CBs buying so much, Russia and the Saudi's pushing oil for gold, the physical is fast disappearing and needs to be supplemented from the ETFs that hold physical. Hence, as the price rises, sales of physical from the ETFs will also rise.
jog on
duc
Was a beautiful thing watching it push through $1900 again. A bit more convincing this time.
Hurrah for the gold bugs.
View attachment 151609
@Sean K and @Telamelo . While I agree that Gold will find support at some stage above $USD1900 a quick move to $USD2000 requires a further collapse in the BTC price.Truly is a beautiful thing. Where is support on the inevitable pull back? Maybe $1850-70 zone. Or, does gold just go straight to $10K?
View attachment 151614
Nouriel Roubini says gold may be your best protection as the mother of all debt bombs is looming.
“Mega threats” are hurtling towards the world including war, debt crises, and a demographic “time bomb” will make investors flock to gold, hence causing the yellow metal’s price to rise to $3,000 oz by 2028, according to Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business.
“Over the next few years, I would expect that gold could have high single-digits into low double-digits rates of return,” he said. “I expect… rates of return around 10 percent per year over the next five years.”
Inflation, stagflation, and a trend towards ‘de-dollarization’ will be the main drivers.
“If the rivals of the U.S. have to diversify away from dollar assets because we weaponize the dollar and sanctions can be imposed, then the only international reserve asset that cannot be seized by the U.S. and the West is not the dollar, Euro, yen, or pound,” he said. “It can only be gold.”
He forecast gold to rise by 10% per year over five years, resulting in a gold price of over $3,000 per ounce, an overall return of 60%.
Roubini, also known as ‘Dr. Doom’ for his grim economic forecasts and for correctly predicting the 2008 financial crisis before it occurred, said that a “stagflationary depression” could begin in 2023, which would cause both stocks and bonds to decline.
“If I am right, that we will have a hard landing, that inflation is going to be persistent, and that central banks are in a dilemma, [then] both equities and bonds will do poorly,” he predicted. “Gold should do better because… it is a hedge against inflation. It is also a hedge against financial instability, and a hedge against social, political, and geopolitical stability.”
Mr Roubini is a perma bear like another commentator Peter Schiff and Harry Dent, always predicting the worse will happen. They will be right one day but for now but for now l‘m ignoring the doom and gloomers.I listened to Mr Roubini on the Odd Lots podcast recently.
To say his outlook is dour would be an understatement.
If you own gold and you want to see its value go up because you think the world is f***ed, I feel bad for your daily existence.
Be an optimist. Hedge your optimism with gold or bonds or whatever you like. Sleep easy and have a good daily existence.
I'd prefer to be wrong on my hedges.
now the interesting bit is .... how much gold does China and Russia produce that never gets to the 'free markets' ( gobbled up by their respective Central Banks ) ( and is less likely to be accurately reported )Possibly an under-appreciated headline:
View attachment 151293View attachment 151292
Which of course also means eliminating UST as a reserve asset.
The Saudi's are also playing this game:
View attachment 151294
Again, under-appreciated.
While (most) eyes are on the Ukraine, the currency war goes largely un-reported. It is the currency war that will have the greatest repercussions for the little guy unless of course the hot war goes nuclear.
jog on
duc
it's easy to be a 'perma-bear ' when various governments lie to you habitually ( relying on the excuse you can't handle the truth )Mr Roubini is a perma bear like another commentator Peter Schiff and Harry Dent, always predicting the worse will happen. They will be right one day but for now but for now l‘m ignoring the doom and gloomers.
Lol about uber driver's buying gold bars soon haha ? but a ring of truth about it because watch the mainstream/herd come into/chase gold soon imoThis is obviously unsustainable, but hey, I'm a gold bull, so I'll be happy when it stops at $10K.
Uber drivers will be running out and buying gold bars soon.
View attachment 151676
If it is going to $10k, I'll get out at 9 and a bit, and then retire ... for a third time.This is obviously unsustainable, but hey, I'm a gold bull, so I'll be happy when it stops at $10K.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?