Nick1368

are you joking or being serious ? of course they buy , dealers always buy from people regardless of the price of gold , that's what they are there for , they buy a little bit under spot and sell a little bit over spot . in September 2020 I sold almost half of my stack ( nearly 20 oz) , almost 10 oz was sold here on the forum and another 11-12 oz sold to sharps Pixley all in one go at £1520 per oz , money was in my account in 30 minutes .

Very interesting to look at all time gold chart (50 years ) . you can see three main events that lead to massive bull runs , the first one was the end of Gold standard by the US government in the 70s during which period gold jumped from $30 in 1970 to $700 in 1980 . Then it just went flat for nearly 30 years at an average price of $300 until the second event occurred which was the 2008 financial crises and a new bull run for Gold which pushed the price up to $1750 by 2011 and a new ATH for gold . Now , when you look at the chart you can clearly see that the third bull run that started in 2018 was basically a continuation of the 2008 bull run with a period of consolidation in between and boosted by the pandemic , so my opinion is that gold was always on its way to the $2060 ATH that we witnessed last year , COVID only helped to speed it up . so assuming gold would’ve reached $2000 without help from the pandemic , why on earth is it still under 2k after huge damage to the world’s economy caused by the pandemic ? my understanding is that gold is massively undervalued at $1900 .

our yellow metal is looking damn good 🤩 if it continues like this we should see £1500 by August , or maybe a new ALL TIME HIGH