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/biz/ - Business & Finance

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17881693 No.17881693 [Reply] [Original]

When will it be time to buy gold?

>> No.17881778
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17881778

Too late.

>> No.17881783

>>17881693
Before it went out of stock. No-golder BTFO

>> No.17882060

>>17881778
Its still sold in Europe and Turkey as bullion

>> No.17882988

>>17881693
your already too late

>> No.17883049

>>17882060
yeah but the primums are going mad now, double what they were a few days ago

>> No.17884619

>>17881778
/thread

>> No.17884644

why is physical gold so expensive while the price was falling?

>> No.17884671

>>17881693
Too late I'm afraid, you can't buy gold and silver in the UK anymore, everything sold out.

>> No.17884709

Before the greatest depression started

>>17884644
Because the comex and london gold exchange don't matter for the moment.
We are decoupled.

>> No.17884748

>>17881693
Apmex still has some gold in stock, should I be buying some right now?

>> No.17884760

>>17884709

because retarded idiots bought too early? the price could have been way lower.

>> No.17884788
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17884788

>>17884748

>> No.17884812

>>17884644
Because the dealers have bought the gold at much higher levels and would have to report massive losses if they sold.

>> No.17884819

>>17884760
>because retarded idiots bought too early

Even if you had the money you will never achieve the stack lots of people have at this moment, Its gone. But sure they are the retards even though the physical prices are all up from where they've bought.

>> No.17884835

>>17881693

buy silver, dont get cucked by the ratio

>> No.17884838

>>17884812
Not all of them did that, some of them genuinely ran out of gold in their vaults to sell. They'll probably HODL their reserves in case it moons, but there will be no selling any time soon.

>> No.17884857

We are only weeks away from seeing major dealers throwing in the towel. The market is dead DEAD and they make no money selling at these prices. Meanwhile they have to pay the rent, with no income. This is the end of gold my friends

>> No.17884858

Gold will continue to go down

>> No.17884868

>>17884838
So it's a bad idea to buy gold right now?

>> No.17884872

>>17884760
They weren’t idiots if they got some and you didn’t because the lower price is just an illusion perpetuated by paper trading. Very few people if any were actually seeing delivery of physical at those prices. The window has closed now.

>> No.17884888

>>17884812
>Because the dealers have bought the gold at much higher levels and would have to report massive losses if they sold.
The 4 of the five major mints are out of production
austrian
south african
US
perth

Its such a thin market, This was always gonna happen. Plenty of people warned you all.

>> No.17884909

>>17884857
>We are only weeks away from seeing major dealers throwing in the towel. The market is dead DEAD and they make no money selling at these prices. Meanwhile they have to pay the rent, with no income. This is the end of gold my friends

They are getting sold out at major premiums. Tf is with this shill?
ALL ASE's are sold out at prices from 21$-28$ per oz

>> No.17884923

>>17884868
Yes. Gold will be below 1000 dollars before the end of the year. There is no market. The dealers are bleeding money. If you don’t earn money you can’t buy more gold. If the market is crashing you can’t buy more gold. The whole motherfucking market is dying RIGHT NOW. It won’t take long before the dealers file for bankruptcy. This is it folks.

>> No.17884946

Honestly I am so sick of how fucking dumb shills are
https://www.youtube.com/watch?v=gGK1kFvgUq8

Just stack what you can.

>>17884923
I fucking wish

>> No.17884968

>>17884888
They are out of production because you can’t make money doing arbitrage deals (which is what the mints and dealers make money on). The market is fucking crashing. That’s what’s happening.

>> No.17884977
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17884977

Ascending broadening wedge

>> No.17885012

>>17883049
yes, silver is 40% premium

bastards

>> No.17885013

>>17884909
No, they might set the price at those premiums, but sales have fucking crashed. Nobody is dumb enough to buy gold at premiums when the precious metalls market is fucking tanking

>> No.17885071

>>17884923
You could be right. Hyperdeflation is real

>> No.17885080

>>17885013
But gold is up $40 this morning

>> No.17885098
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17885098

>>17881693
It's too late zoomer we warned you plenty of times

>> No.17885118
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17885118

>>17884748

>> No.17885141

>>17885012
That’s the asking price. That’s the level they can sell at without making huge losses. Nobody is buying though. The dealers are bleeding. They have to pay salaries, rent and interest rates. They are making no money though so how the fuck they gonna do that?

>> No.17885146
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17885146

>>17884857
Nice try fickelstein

>> No.17885177

>>17884968
>They are out of production because you can’t make money doing arbitrage deals (which is what the mints and dealers make money on). The market is fucking crashing. That’s what’s happening.

The market is getting bought out at 95% premiums on silver. You absolute monkey.
>>17885013
Your the same damn shill from the other thread. Every single person involved with the space knows whats going on your not fooling anyone. You should have bought more jamie.

>> No.17885211

>>17884835
You should short AMZN and GOOGL down to $10 per share, tech stocks to total market ratio is super high historically.

>>17884858
Gold is up YTD, keep seething.

>> No.17885220
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17885220

>> No.17885245

>>17884857
Except they’re raking in dough right now retard

>> No.17885278

>>17885245
No, you heard him, this is the end of the only tier one asset next to the USD with a 5000 yr history of monetary value.
Its ogre.

>> No.17885283

>>17885141
lol what you can get is at 40% premium, everything else is sold out. an ounce of gold in the UK is selling at almost £100 premium

>> No.17885282
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17885282

>>17885013

>> No.17885510

>>17885283

why not buy gold ETFs? seriously, why is everyone obsessed with physical gold and silver and just ignoring ETFs?

>> No.17885608

>>17885283
It is not selling. That’s the asking price. Learn the difference.

>> No.17885645

>>17885510
>why not buy gold ETFs? seriously, why is everyone obsessed with physical gold and silver and just ignoring ETFs?

Because there is no gold backing the ETF's
Making them just numbers on a screen
and numbers on a screen aren't doing so well right now.

Holding gold is like holding land. Its real and tangible.
>>17885608
It's selling so much that is sold out. Hurr durr muh asking price. KYS

>> No.17885686

>>17885510
Because we are on 4chan, people here are weird. Clearly $GLD is the easiest and cheapest way to invest. Physical only makes sense if you expect to keep it for decades. I'm moving back into stocks with most of my money in a year or so.

>> No.17885689

>>17881693
>When was the time to buy gold? -->FIXED

>> No.17885737

>>17885645
>Because there is no gold backing the ETF's
GLD has physical gold equivalent to the invested amount. $46B is invested in the fund, it's legit. Expense ratio 0.4% per year.

>> No.17885799

>>17885510
Gold is the only thing where it makes no fucking sense to buy an etf instead of physical

Unless your etf really holds all the physical gold but you can never be sure that it does

>> No.17885839

>>17885737
>it's legit.
Agree to disagree

>> No.17885980

GLD is not legit. If a billionaire bought all the gold and asked for delivery they would get a visit from some alphabet agency.

>> No.17886069

>>17885608
yes thats the asking price, and its continuing to sell out because the demand is exploding

>> No.17886110

>>17885737
>GLD has physical gold equivalent to the invested amount
it doesn't but even if it I did I welcome you to go and try and collect some of that gold

>> No.17886419

>>17885645
Do you know how you see that a store is going bankrupt, the shelves are all empty and prices are high. Then they file for bankruptcy and everything is sold, at a discount if have to.
.

>> No.17886434

>>17881693
When I get my helicopter check

>> No.17886447

>>17886110
>>17885980
And how do you know? You realize the guys behind the fund, SPDR, manage $700B in ETFs like this one right? Why would they not have the gold? It makes no sense, they earn money through the 0.4% expense ratio.

>> No.17886512
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17886512

>>17881693
Is it too late to start buying gold?
I have pick related for a starts, but no way is it enough.

>> No.17886604

>>17884857
>>the end of gold

roflmao you guys crack me up

>> No.17886668

>>17886419
>Do you know how you see that a store is going bankrupt, the shelves are all empty and prices are high. Then they file for bankruptcy and everything is sold, at a discount if have to.

Metal markets are not a department store. The Mints, refinery's, Miners and dealers are not bloody Jcpenny.

and when they go backrupt and or close store locations the selves are full, they do a liquidation sale and everything gets cleared out.

Only replying to you so anons know you are full of shit.