The coming Gold crash

[vand]

Wonger got faded by Dalio lol

 

https://markets.businessinsider.com/amp/news/gold-price-ray-dalio-invested-400-million-precious-metal-q2-2020-8-1029501695

[Mox]

This is in addition to my post on @Wonger’s silver thread about the arse falling out of the silver market.

A correction would leave it at $around $1375, bear would reduce it to say $1200 or decreasing confidence in the dollar and a 2nd wave of corona would keep the price rising?

Like I said on the silver thread, I dunno, just an amateur opinion based on what I’ve read.

[Michal]

It is a shame that this topic died. It was so entertaining. 

[Stacktastic]

On 14/08/2020 at 08:01, vand said:

Wonger got faded by Dalio lol

 

https://markets.businessinsider.com/amp/news/gold-price-ray-dalio-invested-400-million-precious-metal-q2-2020-8-1029501695

Nice. I have a lot of time for Ray, his books are fabulous, especially Principles. 
I tink I will buy some I shares gold if it goes with the markets momentarily..
I have a Wheaton ETF, but nice to spread it about & not have to cost average. 

I am watching this guys stuff at the moment, a very well experienced investor. 
A lot is pointing towards this collapse & it could take decades to get back. 

One things for sure is gold will do well. stocks in most sectors wont though. 
Im sticking to commodities & metals. 
 

 

[Goldhooked]

On 24/07/2020 at 13:31, Wonger said:

Lets hope you continue posting that chart for updates until $385 by the end of 2021 

What ever happened to @Wonger?  Does he still think we’re on for $385 in the next 6 months?!

Edited June 12, 2021 by Goldhooked

[Michal]

On 12/06/2021 at 08:25, Goldhooked said:

What ever happened to @Wonger?  Does he still think we’re on for $385 in the next 6 months?!

Probably he had to sell his computer to cover margin call to cover his gold short position. 🤭 

[SidS]

Funny, as just before I read this, it flashed up on the news that the Bank of England will miss its inflation target. Inflation is ramping up as the economy gets back into gear. As Maloney would say, velocity of currency is definitely increasing.

Any news of inflation, generally speaking, stokes gold prices.

[Bigmarc]

37 minutes ago, SidS said:

Funny, as just before I read this, it flashed up on the news that the Bank of England will miss its inflation target. Inflation is ramping up as the economy gets back into gear. As Maloney would say, velocity of currency is definitely increasing.

Any news of inflation, generally speaking, stokes gold prices.

Who is Maloney?

[SidS]

16 minutes ago, Bigmarc said:

Who is Maloney?

Mike Maloney, who owns a gold company. That said he did a very interesting series on YouTube called the History of Money.

Increased currency supply + velocity = inflation

[Stacktastic]

1 hour ago, SidS said:

 

Any news of inflation, generally speaking, stokes gold prices.

Yeah the prices go down - go figure. 😛 
People will euphorically pile into gold at some point in the next 2 years I recon though. 

1 hour ago, Bigmarc said:

Who is Maloney?

How can you be a precious metals collector and not know who Mike maloney is? 🤣
I call him 'A load of Baloney', especially when he teamed up with Kiosaki. 
I find it hard to trust a person that owns a gold and silver company for predictions. 😛

Edited June 16, 2021 by Stacktastic

[AuricGoldfinger]

Baloney Maloney. You do have to filter out the bias but he makes some good points if you can see through the BS

[pricha]

37 minutes ago, Stacktastic said:

Yeah the prices go down - go figure. 😛 
People will euphorically pile into gold at some point in the next 2 years I recon though. 

How can you be a precious metals collector and not know who he is? 
I call him 'A load of Baloney', especially when he teamed up with Kiosaki. 
I find it hard to trust a person that owns a gold and silver company for predictions. 😛

I would find it harder to trust a person who predicts highs for gold and silver but wasn't in the business . Practice what you preach .  I watched hidden secrets of money years ago and it's astonishing how his predictions are coming true. The helicopter money seemed crazy at the time and now look what is happening. Yes, he does get carried away sometimes but the over all message is quite compelling.  

[Bigmarc]

4 hours ago, SidS said:

Mike Maloney, who owns a gold company. That said he did a very interesting series on YouTube called the History of Money.

Increased currency supply + velocity = inflation

I will give the series a go. I tend to lean towards following my gut instinct so am very limited of what YouTube channels I watch. The uneducated economist is about the level I like to be.

[HawkHybrid]

2 hours ago, pricha said:

I would find it harder to trust a person who predicts highs for gold and silver but wasn't in the business . Practice what you preach .  I watched hidden secrets of money years ago and it's astonishing how his predictions are coming true. The helicopter money seemed crazy at the time and now look what is happening. Yes, he does get carried away sometimes but the over all message is quite compelling.  

 

I make the distinction between those that lie and those that merely mislead.

afaik mike maloney has not told/repeated lies. his data is correct/true but sometimes

incomplete(hence implying misleading conclusions).

I criticise him more than most on the forums for misleading people, but as a 'pro buying

physical silver youtubers' goes, he is better than many others out there.

 

HH

[Roy]

Yes, I agree.

His series 'Hidden Secrets of Money' is entertaining.

I learnt some things yet wasn't encouraged to buy an oz. I have become more aware of the banking 'mystique' though.

[AndrewSL76]

Gold is heading down, down, down..............sell your sovereigns to me for £275 each now before they dip down to £45 each............

[SidS]

And I'll buy them at £45 each! Don't worry you'll always be able to sell them. 😁

[pricha]

4 hours ago, AndrewSL76 said:

Gold is heading down, down, down..............sell your sovereigns to me for £275 each now before they dip down to £45 each............

£45 each ? The floorboards wouldn't take the weight . 😆

[AndrewSL76]

Floorboards? Steel strengthened concrete walls and floors..........

[LawrenceChard]

On 05/07/2020 at 08:27, MancunianStacker said:

True, it's a bit like comparing coal and diamonds I suppose.

Never seen a black diamond?

They do look very much like a piece of coal (at least the better ones do). 🙂

[LawrenceChard]

On 04/07/2020 at 16:01, MancunianStacker said:

It should be much more expensive then. The question is why is it so cheap???

Without trawling through lots of previous posts, why is what not more expensive / so cheap?

Gold or silver?🙂

[LawrenceChard]

On 04/07/2020 at 11:14, MancunianStacker said:

https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp
 

Quite a good read on the history. 12:1 then 15:1 was the historical ratio it seems. I doubt it will ever go back down to these levels (efficiencies in mining).

Efficiencies in mining would probably apply equally to both gold and silver.

[LawrenceChard]

On 24/03/2020 at 19:17, Wonger said:

I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!

 

No wonder ChrisSilver had to put a "Please remain respectful to other members even if opinions differ. "  banner on this topic! 

I am almost speechless.

There is a lot I could say, but most if not all of it would fall foul of the banner requirements. 🙂

[Mox]

1 minute ago, LawrenceChard said:

No wonder ChrisSilver had to put a "Please remain respectful to other members even if opinions differ. "  banner on this topic! 

I am almost speechless.

There is a lot I could say, but most if not all of it would fall foul of the banner requirements. 🙂

And one had assumed you were a gentleman...

[LawrenceChard]

On 24/03/2020 at 19:25, AurumArgenti said:

The winner of the lottery will be a man or a woman! Sorry...😂

 

That comment is rather binary, and fails to include certain minorities! 🙂