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Gold Smash Leads to Surge in Demand For Coins, Bars Around World; Another buying window. Property investors need not apply
Topic Started: 24 Jul 2015, 11:56 AM (13,581 Views)
Trollie
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Jimbo
22 Aug 2015, 04:27 PM
I am not in fear.

I have a big wedge of cash, a fair bit of Gold and zero debt.

Why would I be afraid?
I believe this, you are content to sit there like a potato and believe opportunity cost isn't real.
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Jimbo
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Trollie
19 Sep 2015, 04:34 PM
I believe this, you are content to sit there like a potato and believe opportunity cost isn't real.
I have increased my nett wealth by over 25% in the last twelve months by doing the exact opposite of everything people like you said I should be doing.

I am one happy potato.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Trollie
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Jimbo
19 Sep 2015, 05:38 PM
I have increased my nett wealth by over 25% in the last twelve months by doing the exact opposite of everything people like you said I should be doing.

I am one happy potato.
Really, can you post what it is exactly I said you should be doing.

Take your time, you'll need to really push those 2 brains cells hard
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Jimbo
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Trollie
19 Sep 2015, 07:00 PM
Really, can you post what it is exactly I said you should be doing.

Take your time, you'll need to really push those 2 brains cells hard
I think I said "people like you".

You yourself have said nothing of any consequence at all over the last year.

You are just here to heckle.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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The Whole Truth
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Dolie dolie dolie, when will you ever learn :re:
Insults are fine but don't try and make logical argumentsor enquiries as you just did, you fuck it all up, every time.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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The Whole Truth
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Germany Continues To Lead The West In Physical Gold Demand

Even though most of the world’s gold supply continues to flow to the East, German demand for physical gold investment remains the highest in the West. This is probably due to a percentage of Germans who are not at all happy with the current financial system with the European Union, including the ongoing situation in Greece.

According to the World Gold Council’s Q2 2015 Demand Trend Report, German gold bar and coin demand was 24.1 metric tons (mt) for the second quarter. Thus, German physical gold investment during Q2 was 40% of the total in the West at 59.6 mt:

http://www.silverdoctors.com/germany-continues-to-lead-the-west-in-physical-gold-demand/
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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The Whole Truth
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"Pet Rocks" Are Booming In Brazil


Posted Image

This is one reason to hold a proportion of your savings in gold. That if you have any savings?
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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The Whole Truth
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China Bought Gold With Proceeds From Record Sale Of US Treasurys



Two months ago, when China stunned the world in announcing it had officially "bought" 604 tons of gold for the first time since 2009 (this was untrue: China merely admitted to the world what we had reported for years, namely that it had been patiently accumulating gold via untraceable accounts and only now decided to reveal a fraction of its total holdings), we said that, contrary to the wrong "one-and-done" pundit assessment, China would continue "adding" to its gold holdings.

To wit:... now that the seal has been finally broken after so many years, and since today's update indicates that Chinese gold numbers are clearly goal-seeked with a specific policy purpose - to boost confidence - we await for the PBOC to start leaking incremental gold holding data every month (and especially in months when the market crashes) which will bring us ever closer to what China's true gold holdings are.One month ago, we were proven correct when China indeed announced it had "added" another 19.3 tons of gold in July - even as it was dumping record amounts of Treasurys at the time as we previously reported.

Then, overnight, we got a second confirmation when the PBOC announced that China's official gold holdings had risen again in August, increasing by 520,000 troy ounces, or 16.2 tons (which is more than 3 times the entire registered gold inventory in the Comex vault system), and bringing the new total to 54.5 million ounces, or 1,694 tons of gold.

http://www.zerohedge.com/news/2015-09-30/china-bought-gold-proceeds-record-sale-us-treasurys



In dollar terms, Chinese gold holdings rose from $59.2 billion at the end of July to $61.8 billion.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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The Whole Truth
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Silver coin demand is absolutely through the roof” – Perth Mint



If the continuing depression in precious metal prices has a silver lining, it is the enormous surge in demand world-wide for silver.  With most mints & brokers experiencing higher than expected demand for silver coins, many are having to set weekly sales quotas after record coin sales.

According to Nicholson, Ananthalakshmi and Harvey, reporting for Reuters yesterday, this rapid surge in demand for silver is due to unprecedented interest in coins from ‘mom & pop’ buyers in the US. “Dealers and mints trace the supply squeeze to a burst of buying by mom-and-pop investors in the United States, who scrambled to scoop up coins they considered to be at bargain levels after spot silver prices in early July sank to six-year lows .”In addition, there is a perceived shortage in the market of silver coin supply which, according to a Perth Mint spokesperson, “is in fact a (crunch in) manufacturing capacity.

.”With North American mints overwhelmed by orders, investors and collectors were forced to look overseas for increasingly scarce supplies, triggering a domino effect in Europe and Asia.

http://www.goldcore.com/uk/gold-blog/silver-coin-demand-is-absolutely-through-the-roof-perth-mint/
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Rastus2
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The Whole Truth
3 Oct 2015, 06:48 AM

Silver coin demand is absolutely through the roof” – Perth Mint



If the continuing depression in precious metal prices has a silver lining, it is the enormous surge in demand world-wide for silver.  With most mints & brokers experiencing higher than expected demand for silver coins, many are having to set weekly sales quotas after record coin sales.

According to Nicholson, Ananthalakshmi and Harvey, reporting for Reuters yesterday, this rapid surge in demand for silver is due to unprecedented interest in coins from ‘mom & pop’ buyers in the US. “Dealers and mints trace the supply squeeze to a burst of buying by mom-and-pop investors in the United States, who scrambled to scoop up coins they considered to be at bargain levels after spot silver prices in early July sank to six-year lows .”In addition, there is a perceived shortage in the market of silver coin supply which, according to a Perth Mint spokesperson, “is in fact a (crunch in) manufacturing capacity.

.”With North American mints overwhelmed by orders, investors and collectors were forced to look overseas for increasingly scarce supplies, triggering a domino effect in Europe and Asia.

http://www.goldcore.com/uk/gold-blog/silver-coin-demand-is-absolutely-through-the-roof-perth-mint/
really ? perhaps people are keen for the silver coins... but bars and spot price is not exactly soaring.


In all honesty, I was considering buying a few kg of silver... it seems to be a reasonable buy for holding long term.

Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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