The coming Gold crash

[TheApe]

My Gold and Silver stocks are through the roof!!!!😁

When is this joke of a thread going to be closed.

[silenceissilver]

On 20/07/2020 at 19:54, Wonger said:

Can you define "similar" so I can fully understand your rules? 😁

Any scenario where the US Dollar is directly revalued (where the purchasing power of the UD Dollar goes up) per any form of government decree (thus a de facto revaluation (increase of purchasing power) via a deflation is excluded from this restriction).

Edit: per any form of government decree (US government  only) or by US law

Edited July 21, 2020 by silenceissilver

[silenceissilver]

5 hours ago, TheApe said:

My Gold and Silver stocks are through the roof!!!!😁

When is this joke of a thread going to be closed.

When I got my one troy ounce of gold from @Wonger

Not a single day earlier!

[TheApe]

1 hour ago, silenceissilver said:

When I got my one troy ounce of gold from @Wonger

Not a single day earlier!

Without an escrow you have zero chance of seeing that😂.

[Wonger]

2 hours ago, silenceissilver said:

Any scenario where the US Dollar is directly revalued (where the purchasing power of the UD Dollar goes up) per any form of government decree (thus a de facto revaluation (increase of purchasing power) via a deflation is excluded from this restriction).

Edit: per any form of government decree (US government  only) or by US law

The definition of Deflation is a contraction of the Currency supply leading to increased purchasing power and in the circumstance of a USD revaluation it would be the complete opposite, it would be a decrease in purchasing power, the USD would be diluted which is called Inflation! 😉   

Edited July 21, 2020 by Wonger

[Clens92]

56 pages of utter drivel.

Post your trades or get out.  All talk.

[Wonger]

4 minutes ago, Clens92 said:

56 pages of utter drivel.

Post your trades or get out.  All talk.

I have if you care to read back, now how silly do you feel? 😁

[Clens92]

1 minute ago, Wonger said:

I have if you care to read back, now how silly do you feel? 😁

No, you've posted claims that you're shorting.  No screenshots of the trades themselves.

Because they're fictional?  Or because they're so far in the red?

[HerefordBullyun]

7 hours ago, TheApe said:

My Gold and Silver stocks are through the roof!!!!😁

When is this joke of a thread going to be closed.

I think its great comedy value!!!

[silenceissilver]

21 minutes ago, Wonger said:

The definition of Deflation is a contraction of the Currency supply leading to increased purchasing power and in the circumstance of a USD revaluation it would be the complete opposite, it would be a decrease in purchasing power, the USD would be diluted which is called Inflation! 😉   

Revaluation means a new value is attached to the currency. As this was unclear to you - that's also how you have to read it. Deal?

 

1 hour ago, TheApe said:

Without an escrow you have zero chance of seeing that😂.

Not betting against this, lol. Anyone here wants to take that role? @Wonger May I suggest whoever does it, get a one ounce silver coin from the loser and it has to be someone with a high value in positive feedback and no negative feedback in trading and someone we can both agree on but I guess you will reject anyone here

Edited July 21, 2020 by silenceissilver

[Wonger]

8 minutes ago, silenceissilver said:

Revaluation means a new value is attached to the currency

Would this include the US Treasury re valuing Gold or do you need to think about that one? 😉 

[Wonger]

19 minutes ago, Clens92 said:

No, you've posted claims that you're shorting.  No screenshots of the trades themselves.

Because they're fictional?  Or because they're so far in the red?

Because im not here to post screen shots of my personal P&L, but rest assured the S&P500 longs which were stated on here many many weeks ago along with targets are by a factor of ?? x outweighing losses on open Gold Futures Shorts which will soon be showing profits anyway as nothing has changed and my target is $385 by the end of 2021 whether you like or not this thread will continue! 😁   

[HerefordBullyun]

2 minutes ago, Wonger said:

 Gold Futures Shorts which will soon be showing profits anyway as nothing has changed and my target is $385 by the end of 2021 whether you like or not this thread will continue! 😁   

Good luck with that but if you are taking anymore wagers please do let me know. 👍

[silenceissilver]

22 minutes ago, Wonger said:

Would this include the US Treasury re valuing Gold or do you need to think about that one? 😉 

If the US Dollar is revaluaded per se, it will affect the gold spot price. If gold is revaluated against the Dollar without the Dollar being revaluated per se (against everything else) then the answer is no - it would not be included in the restriction. But in practice this won't and can't happen (if it directly affects the spot price). But keep in mind, the bet would still be about the spot price, not the value the FED/treasury has in their books, for one ounce of gold.

Edited July 21, 2020 by silenceissilver

[Wonger]

1 minute ago, HerefordBullyun said:

Good luck with that but if you are taking anymore wagers please do let me know. 👍

Next wager will be Shorting More Gold Futures contracts on the desk and personally around 2.00 am BST, you want to put your big boy pants on and play?

[Wonger]

6 minutes ago, silenceissilver said:

If the US Dollar is revaluaded per se, it will affect the gold spot price. If gold is revaluated against the Dollar without the Dollar being revaluated per se (against everything else) then the answer is no - it would not be included in the restriction. But in practice this won't and can't happen (if it directly affects the spot price). But keep in mind, the bet would still be about the spot price, not the value the FED/treasury has in their books, for one ounce of gold.

What if the Fed announces US Treasury yield curve targeting revaluing the USD via US Treasury purchases made through the US Treasury on the Feds behalf?

[sixgun]

12 minutes ago, Wonger said:

Next wager will be Shorting More Gold Futures contracts on the desk and personally around 2.00 am BST, you want to put your big boy pants on and play?

Wonger you haven't graduated to big boy pants - thankfully you are still in nappies b/c you messed yourself when silver just stormed through $22.

[Wonger]

14 minutes ago, sixgun said:

Wonger you haven't graduated to big boy pants - thankfully you are still in nappies b/c you messed yourself when silver just stormed through $22.

Armchair Spectator sixgun, your getting all excited again like last time before Silver dropped over 40% like I told you it would!😁 

[sixgun]

48 minutes ago, Wonger said:

Next wager will be Shorting More Gold Futures contracts on the desk and personally around 2.00 am BST, you want to put your big boy pants on and play?

You never accepted the first wager i offered you which related to $4 silver, so let's not get too excited about the 'next wager'. 
i am leaving this and Wonker's other thread - you should not mock the afflicted and i am tempted to mock. 

And by the way Wonky - the physical buy price of silver never fell - you couldn't get coins at those paper prices - the physical prices went up. All that happened is longs have started demanding physical and bullion banks have started pulling out of the metals business. They don't want to get caught short - the game has changed but you are still playing kiss catch at Infants School.

Edited July 21, 2020 by sixgun

[sixgun]

Just now, Witcher said:

I just checked...  it's approaching $23

Next stop according to Mr Wong is $4 and it will all happen in a millisecond. 

[Wonger]

Im on the Asian desk, were going to open the flood gates on the offer in 3 mins!

[Wonger]

1 hour ago, sixgun said:

You never accepted the first wager i offered you which related to $4 silver, so let's not get too excited about the 'next wager'. 
i am leaving this and Wonker's other thread - you should not mock the afflicted and i am tempted to mock. 

And by the way Wonky - the physical buy price of silver never fell - you couldn't get coins at those paper prices - the physical prices went up. All that happened is longs have started demanding physical and bullion banks have started pulling out of the metals business. They don't want to get caught short - the game has changed but you are still playing kiss catch at Infants School.

Armchair Spectator sixgun, you make things up as you go along, the fact is you were completely wrong and the price of Silver fell over 40% like I told you it would, did you ever assess your own mental health state by any chance? 🤣

Edited July 22, 2020 by Wonger

[sixgun]

20 minutes ago, Wonger said:

Armchair Spectator sixgun, you make things up as you go along, the fact is you were completely wrong and the price of Silver fell over 40% like I told you it would, did you ever assess your own mental health state by any chance? 🤣

You had been saying there would be a fall for the best part of a year. The physical price went up - this is what matters on this forum - the price of coins went up and have never come down since. Gold is heading for an all time dollar high - the game has changed. You are a laughing stock on the forum - the members are interested in physical. i said to you i would take as much $4 silver as you can come up with. Gold has jumped over $20 tonight. It is what it is and price is not crashing but your advice to short gold and silver has turned out to be a car crash. i fully expect there will be pull backs but it isn't going to $4 silver of $400 gold.

 

Edited July 22, 2020 by sixgun

[sixgun]

23 minutes ago, Witcher said:

How much would you pay for a 2020 NIUE gold 1 oz Boba Fett (only 1000 minted)? 

The melt price - personally i don't like the look of the coin.

[sixgun]

Just now, Witcher said:

That is funnier than Wonger.  hahahaha 
Obviously, not looking to sell anywhere near melt or spot.  

i offered a price i knew you would not accept b/c i don't like the look of the coin and wouldn't buy it except if it were a bargain and i know i could get shut of it with enough margin to make it worth my while.