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/biz/ - Business & Finance

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17419151 No.17419151 [Reply] [Original]

https://www.zerohedge.com/commodities/gold-suddenly-hammered-multi-billion-dollar-sale

>> No.17419167

>>17419151
Guns and ammunition for armies aint cheap.

>> No.17419174

>>17419151
Prolly going into bitcoin.. no way it's staying in USD at least

>> No.17419182

>>17419151
muh safe shiny metal store of value
lmao

>> No.17419231

THOUSANDS OF YEARS OF STORE OF VALUE

>> No.17419252

That's a lot of shiny rock

>> No.17419300
File: 27 KB, 400x400, 1563462620971.jpg [View same] [iqdb] [saucenao] [google]
17419300

>>17419174
>bitcoin
The delusion of shit coin holders

>> No.17419326

>>17419151
central bankers selling paper gold into the market
you can never get physical delivery

>> No.17419348

>>17419151
I wonder how Schiff will cope now

>> No.17419354

Nice, so the shiny bullrun is canceled

>> No.17419355

>>17419151
HAPPENIG

>> No.17419379

>>17419326
This.

>> No.17419421

>>17419326
Zerohedge is speculating it was the Bank of International Settlements dumping its whole stack.

>> No.17419432

>>17419355
WHAT'S HAPPENING?!?!

>> No.17419441

>>17419421
Why tho.

>> No.17419444

>>17419326
they print gold as well?

>> No.17419450

>Drops from 2,5% up to just 1% up on one day
Wow. BTC all the way now.

>> No.17419461

>>17419151
Paper ETF sale, there isn’t that much gold in one place anywhere on earth.

>> No.17419485

>>17419441
Gold is high.

>> No.17419495

>>17419421
ZH is wrong 8/10

>> No.17419496

>>17419421
nah, it's a central bank or nation itself, dumping a fraction of their reserve to have liquidity for the upcoming bioweapon, i mean virus season.
Probably China because they are a big stack gold hodler and need the money right now

>> No.17419503

>>17419300
Dubs confirmed. All going into Link.

>> No.17419522

>>17419441
I think >>17419496 is right. Probably someone is looking at economic impact on Europe or Asia and saying they need liquid cash ready to deploy.

>> No.17419531

>>17419444
never underestimate ((()))

>> No.17419536

Alternatively someone judt bought that amount. Bullish.

>> No.17419561

>>17419522
Fun fact, Italy is one of the biggest gold holders in the world, i think rank 3 or something.
Coincidentally they just got hit hard by the bioweapon and closed off entire towns already
Could be them

>> No.17419562

>>17419348
well gold is still up on the day, so why would he need to cope?

>> No.17419594

>>17419562
He's been coping for years, why stop now?

>> No.17420314

>>17419151
And yet no one has that much...

So it means it doesn't exist...

Which means the Gold price is fictional...

>> No.17420345

No nation state can sell at this level this without taking months to prep and policy change with massive media coverage.

It doesn't exist. They're suppressing economic panic, like they have been doing for decades.

>> No.17420443

>>17419326
so basically panic mode suppression techniques.

>> No.17420488

>>17420443
Basically, plus a little bonus for one ethnic group who get an advance warning of the dump so they can fleece everyone else with shorting. Oh and noticing this is a hate crime.

>> No.17420570

>>17419151

gold is high atm so doesnt surprise me. buy low sell high remember? i know you guys actually do it the other way around but yeah

>> No.17420587

>>17419300
imagine NOT dumping shitcoin bags on normies like you when you fomo at the top

>> No.17420599
File: 5 KB, 250x155, rh0365lns.gif [View same] [iqdb] [saucenao] [google]
17420599

>>17419151
to buy Rhodium

>> No.17420609

>>17419151
Probably your tax dollars at work at the federal reserve

>> No.17420622
File: 48 KB, 1160x555, Schiff-JUST.jpg [View same] [iqdb] [saucenao] [google]
17420622

>>17419151
Schiff exit scamming the gold market lol

>> No.17420630

>>17419167
Delete this

>> No.17420640

its the joos

>> No.17420685

>>17419151
i bet it was 15% of the owners gold storage and hes just taking some off the table after this run up

>> No.17420718

>>17419421
>Zerohedge is speculating
Boomerhedge is wrong 99.99% of the time. Their revenue stream is 100% eternal doomers fixated on negativity.

>> No.17420732

hahaha gold is literally worse than any scam ico, they can just dump infinetly for another 1000 years.

>> No.17420737

>>17419151
The only thing they sold is virtual paper without any gold backing.

>> No.17420744
File: 31 KB, 400x315, rp.jpg [View same] [iqdb] [saucenao] [google]
17420744

>>17419151
Why didn't we listen?

>> No.17420746

>>17419167
delusional goldbug prepper moron

>> No.17420791
File: 38 KB, 451x496, CB768B3D-FC81-46A1-B4D0-C646E68DEFCC.jpg [View same] [iqdb] [saucenao] [google]
17420791

>>17420746
>NOOOOOOOOOOO YOU CANT JUST PREPARE FOR THE HAPPENING NOOOOOOOOOO

>> No.17420815

Paper gold just got sold, there's no way it was physical. Maybe they saw HSBC about to blow up and want to ditch their GLD ETF holdings and convert to physical. Expect the price to go up $50 by the end of the week. >$1700 by the end of March.

>> No.17420819
File: 68 KB, 632x479, 1051589449889.jpg [View same] [iqdb] [saucenao] [google]
17420819

>> No.17420833

>>17420744
*sigh*
what could've been...

>> No.17420866
File: 365 KB, 650x401, dampitt.png [View same] [iqdb] [saucenao] [google]
17420866

>>17419151
gold is still going up?Create fake papper supply and damp it on the market

>> No.17420873
File: 168 KB, 400x225, file.png [View same] [iqdb] [saucenao] [google]
17420873

>>17420744
>>17420833
who here wants rand paul to be president after trump?

imo hes the best fit for the job and would continue the whole pro national sovreignty theme but is more palatable for normies and he knows how washington works.

>> No.17420889
File: 278 KB, 419x435, 1540925028523.png [View same] [iqdb] [saucenao] [google]
17420889

>>17420746
probably a good 90% of the people with any current economic power or economic potential otherwise on this board would agree that you're retarded

>> No.17420991

>>17420833
Checked. Sometimes it hurts to think about it fren.
>>17420873
Certainly. Think he should have been President instead of Trump though.

>> No.17421005

>>17419522
gold is a tier 1 asset under basel 3. Its literally the highest level of reserves. CBs can just print money. What the fuck are you talking about.

>> No.17421046

>>17421005
They require collateral for CBs to lend to each other. Itality had been sluggish well before the viral bugalooo, hence, they probably don't have much quality collator.

>> No.17421105

Then we can assume gold will go full bobo tomorrow right.

>> No.17421124

>>17419444
Yeah! What do you think paper gold is made out of? Paper?

>> No.17421194

>>17421005
Who do you think it was?

>> No.17421452
File: 83 KB, 591x720, libertarian-rockwell-natsoc.jpg [View same] [iqdb] [saucenao] [google]
17421452

>>17420833

>> No.17421532

>>17420873
He's a good pick. If I were him I would spend the next 4 years very publicly warning about a recession and linking it to the Fed. Worst case scenario when next election comes up he can say 'I still think it's coming', best case scenario he looks like a genius when it happens.

>> No.17421541
File: 60 KB, 720x712, my life desu.jpg [View same] [iqdb] [saucenao] [google]
17421541

>>17419174

>Selling your physical gold reserves to invest in buttcoin

LOL

>> No.17421619
File: 79 KB, 1556x481, litecoin youre never going to make it.jpg [View same] [iqdb] [saucenao] [google]
17421619

>>17421541
Everything under Bitcoin is going to at least 10x their former ATH next cycle. You could have been rich but instead you decided to tie your money to inflation for literally zero gains. 23$ for a Litecoin, its going to 3k minimum, likely 4800.

>> No.17421645

>>17421619
>>17421541
Like really, all you had to do was drop 200$ on it and you could easily make 20,000 but instead you will put 5 grand on gold and come out with 10 grand, after moneys devalued 50%.

>> No.17421672

Team is dumping gold again! No news for over 2 weeks. What is market-making doing?! Community is losing trust in the gold, we need new partnerships. This is not good. I am upset.

>> No.17421702
File: 164 KB, 1374x685, BCA89BD6-8AC7-41A3-9CB1-5614FED01CBB.png [View same] [iqdb] [saucenao] [google]
17421702

>>17419503
All in a centralized, vaporware shittoken registered to a fake Cayman Islands address shared with a 1000 other scam businesses where 65% of the supply plus more that’s stated is owned by a Russian scammer who left every other project he was involved in high and dry.

Smart move retard

>> No.17421722

That's because the stock market has finally offered a juicy jump in point. False fear over coronavirus creating an entry point, while Trump's re election is going to make the market resurge towards the end of the year. Easy money.

>> No.17421735

>>17420873

He was my first pick. But honestly when I took that issues test to find my most similar candidate it was Trump by a mile. This guy may be a meme himself but his platform is legendarily based.

>> No.17421755

>>17421702
based and redpilled may i say
>>/biz/thread/S17173319

>> No.17421768
File: 125 KB, 800x616, golly gee.jpg [View same] [iqdb] [saucenao] [google]
17421768

>>17419174
Doesn't matter, they still had to demand dollars to get what they wanted instead of bartering for rocks lol

>> No.17421771

>>17421105
Yes look for it to test high 1500 range. They do not want people in gold so are trying to manipulate it down. They are afraid people will start pulling out of stocks and start going into precious metals

>> No.17421833

>>17421672
Yea, wheres the development on gold LOL NO DEVS. How many merchants accept it? None? The lead gold holders regularly dump on the market, you can keep those heavy bags thanks. Exit scam.

>> No.17421877

>>17419432
>tripfag
unironically kill yourself

>> No.17421879
File: 19 KB, 1000x646, premined-shitcoin.png [View same] [iqdb] [saucenao] [google]
17421879

>>17421702

>> No.17421930

>>17421672
Based

>> No.17421990

>>17420873
Fuck this asshole. The seed of ron paul is not as strong as the man himself

>> No.17422020

>>17421645
>>17421619

Yeah bro just dump your secure, stable assets in exchange for a volatile pyramid scheme!

>> No.17422154
File: 913 KB, 1125x877, 1542343876505.png [View same] [iqdb] [saucenao] [google]
17422154

>> No.17422231

>>17420345
S-so habbening?:,(

>> No.17422238

>>17422020
Pyramid schemes dont have a use case, they involve merely adding more people in who pay money up the ladder. You can dump your shit any time at any level and cash out. You can actually use the thing you are buying. Your argument is invalid.

>> No.17422244

>>17422020
>>17422238
Also I dont want a stable asset, Id rather kill myself than make a couple hundred bucks a month and simply not have it devalued. Unironically. Crypto will work out because the resulting mass suicides would send countries into complete anarchy.

>> No.17422290

>>17421541
>physical
it was not physical. of course they would want to sell. now they will use that money to buy physical

>> No.17422298

>>17419151
Haha gold bugs on suicide watch

Top is in

>> No.17422323
File: 130 KB, 512x512, 1570987394403.png [View same] [iqdb] [saucenao] [google]
17422323

probably trading their position into silver for the extra multiplier

>> No.17422342

>>17419151
Yeah, it was way overbought. Any big money trader worth his salt would have shorted it. Free money.

>> No.17422351

>>17419151
probably using 3,000,000,000x leverage

>> No.17422361

>>17419421
Zero Hedge is always wrong. 12 years and counting.

>> No.17422390

>>17420314
Look up derivative instruments you dingbat

>> No.17422474

>>17419421
>>17422361
Its most likely someone with like 300 billion dollars who realized that gold now makes up more than 5% of their portfolio and so they returned it to 5% by selling. You guys do realize thats what the ultra-wealthy like Kevin O'Leary do right? If it goes up, people with trillions of combined dollars start shitting all over it because its only used to stabilize an actual stock portfolio and avoid harsh losses. If it goes down to 4%, they buy. Theres no money to be made in it.

>> No.17422478

>>17420746
Dont prepare goyim

>> No.17422483

>>17422390
PenIsland.com has an excellent explanation.

>> No.17422486

>>17422474
>>17419421
>>17422361
Or rather, a hedge fund. They do have lots of money you know. It always has to be manipulation, cant possibly be that trillion dollar hedge funds are adjusting to price fluctuations.

>> No.17422519
File: 27 KB, 315x325, D291ADC2-B1EE-4E2C-90AE-5A8C5106EA35.jpg [View same] [iqdb] [saucenao] [google]
17422519

>>17420873
Controlled opposition like his dear old dad

>> No.17422522

https://www.youtube.com/watch?v=K_KOO6tu754
5%, always 5%.

>> No.17422610

Rothschilds or house of saud, hmm I wonder

>> No.17422657

How much more money speculates on gold than actual gold exists in the world? It's some crazy factor around 50x or 100x. This shit is as equally inane as cryptocurrency speculation. It's not precious metals that's manipulated ,it's the derivatives

>> No.17422969

>>17419441
To cover their losses
The DOW Jews dumped by 1,000 like duh

>> No.17423317

>>17420873
Too weak. Just give Trump lifetime appointment so we can actually save the country.

>> No.17423385

>>17423317
Trump has done nothing but cuck to the jews

>> No.17423504

>>17423385
False.

>> No.17423647

>>17421619
Woke

>> No.17423668

>>17419151
>$3,000,000,000 worth of gold
>futures
that is not gold you fucking retard

>> No.17424270
File: 28 KB, 136x178, Screenshot 2020-02-24 at 6.54.14 PM.png [View same] [iqdb] [saucenao] [google]
17424270

>>17422474

>> No.17424304

>>17422238
Imagine being this delusional.

>> No.17424395

>>17419151
gold is one of the most highly manipulated markets. That's all that's happening.

>> No.17424869

>>17422238
THE STATE OF THIS BOARD

>> No.17425053

>>17422020
>being this delusional
denial is a powerful thing

>> No.17425097
File: 696 KB, 2121x1573, D95C38C0-85E8-4FD0-A260-9487708D82C5.jpg [View same] [iqdb] [saucenao] [google]
17425097

>>17425053
>its going to 1m guaranteed
t. BTC to a billion DCA HODLer from plebbit

>> No.17425190

>>17420873
He is a good side guy but not a leader like his Dad.