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Gold Tumbles Below $1800, Erases All YTD Gains

 
Just An Observer
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05/13/2022 09:28 AM
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Gold Tumbles Below $1800, Erases All YTD Gains

Just An Observer
Anonymous Coward
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05/13/2022 09:29 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Silver got absolutely wrecked this past couple months.
Anonymous Coward
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05/13/2022 09:31 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
It is obvious the entire system is rigged, from Fiat to crypto to Commodities.
With the amount of Inflation we have Gold and Silver going DOWN? Rigged!
Anonymous Coward
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05/13/2022 09:36 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
No one guessed that precious metals would decline in value during a period of high inflation.
BBQ BOY™
0811/12

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05/13/2022 09:39 AM

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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Silver got absolutely wrecked this past couple months.
 Quoting: Anonymous Coward 76296796


https://imgur.com/a/EJM1TDV


$20.58 this morning.

[link to finviz.com (secure)]
"Never underestimate the pain of a person. In all honesty, everyone is struggling. Just some people are better at hiding it than others."

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Larphillips

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05/13/2022 09:40 AM

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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Again, actual buyers and consumers of physical know different. The jig may be up on the paper PM scam…at the very least, the market is showing no confidence in it.

As paper PMs fall, the premiums on physical are rising…values on physical are holding the old gains, and in some cases surpassing them.

Continue to watch what Russia is doing very loudly, and what China has been doing very quietly…shoring up their physical holdings, as well as adding to them. Why? Because they’re pegging their currencies to them as well as making moves to boot the US dollar from oil.
“A person is smart, people are stupid.”
“Nobody knows until everybody knows”
Anonymous Coward
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05/13/2022 09:42 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
No one guessed that precious metals would decline in value during a period of high inflation.
 Quoting: Anonymous Coward 77791173


It's worthless paper work, when will you guys wake up, everybody knows these brokers cannot cover all the crap they issue to the market place.

By the way the new BIS banking standard, reported MONTHS AGO, that gold will shift from being a commodity to be physical money only manageable by banks, here it is, gold traders should know about that.
peterpeccary

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05/13/2022 09:42 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Schweet.....I will be buying more wealth insurance....
Anonymous Coward
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05/13/2022 09:46 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
What Is it used for? Always thought it over valued. Outside of jewelry, or a store of value, yes can be used in electronics but only in small amounts due to cost. Oh Google says dentistry and medicine too. Would not be surprised if it goes lower.
Anonymous Coward
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05/13/2022 09:53 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
No one guessed that precious metals would decline in value during a period of high inflation.
 Quoting: Anonymous Coward 77791173


when will you guys wake up, everybody knows these brokers cannot cover all the crap they issue to the market place.

gold will shift from being a commodity to be physical money only manageable by banks, here it is, gold traders should know about that.
 Quoting: Anonymous Coward 83226315


Will this happen in two weeks?
Anonymous Coward
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05/13/2022 09:55 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Again, actual buyers and consumers of physical know different. The jig may be up on the paper PM scam…at the very least, the market is showing no confidence in it.

As paper PMs fall, the premiums on physical are rising…values on physical are holding the old gains, and in some cases surpassing them.

Continue to watch what Russia is doing very loudly, and what China has been doing very quietly…shoring up their physical holdings, as well as adding to them. Why? Because they’re pegging their currencies to them as well as making moves to boot the US dollar from oil.
 Quoting: Larphillips


The big boys don't care what you hobby stackers pay for your coins and 10 OzT bars, they buy 1000 OzT 'good delivery' bars by the hundreds and thousands. This is the retail price of a single good delivery bar today:$ 22,272.41 You will pay less in quantity.

[link to www.goldcore.com (secure)]
Anonymous Coward
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05/13/2022 09:59 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
No one guessed that precious metals would decline in value during a period of high inflation.
 Quoting: Anonymous Coward 77791173


when will you guys wake up, everybody knows these brokers cannot cover all the crap they issue to the market place.

gold will shift from being a commodity to be physical money only manageable by banks, here it is, gold traders should know about that.
 Quoting: Anonymous Coward 83226315


Will this happen in two weeks?
 Quoting: Anonymous Coward 77791173


Reported last year,

i don't know when exactly the shift will happen but anyways it is scheduled to happen wether the operators are aware or not, this is also linked to the implementation of virtual currencies by central banks.

Many are gonna get caught,

because the cold blooded banksters would tell the losers that it was up to them, to be aware about that global financial shift.
Anonymous Coward
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05/13/2022 10:00 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Such a farce….

Record inflation. War. Crashing stock market. Crypto dumping. PMs should have a raging hardon right now. The mainstream logic is that interest rates are going up so therefore cost to hold gold goes up… blah blah blah. While there is some validity to that, in all fairness its just ridiculous for it to outweigh the other factors. The value of gold and silver have actually decreased since the war began and inflation started rolling in hot. Amazing.

In true GLP fashion, me thinks that Russia/china may have been banking on price increases as well… suffice it to say their speculative positions are now underwater if not worthless already!
Anonymous Coward
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05/13/2022 10:05 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
No one guessed that precious metals would decline in value during a period of high inflation.
 Quoting: Anonymous Coward 77791173


when will you guys wake up, everybody knows these brokers cannot cover all the crap they issue to the market place.

gold will shift from being a commodity to be physical money only manageable by banks, here it is, gold traders should know about that.
 Quoting: Anonymous Coward 83226315


Will this happen in two weeks?
 Quoting: Anonymous Coward 77791173


Reported last year,

i don't know when exactly the shift will happen but anyways it is scheduled to happen wether the operators are aware or not, this is also linked to the implementation of virtual currencies by central banks.

Many are gonna get caught,

because the cold blooded banksters would tell the losers that it was up to them, to be aware about that global financial shift.
 Quoting: Anonymous Coward 83226315


Basel III: A Gift For Physical Gold Investors

[link to seekingalpha.com (secure)]

Thread: Basel III - June 28, 2021
Anonymous Coward
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05/13/2022 10:07 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
well in any case better have some gold and silver if u wish to eat in the coming days.
Anonymous Coward
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United States
05/13/2022 10:14 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Thanks for the sale!!

ON SILVER!

epiclol
Anonymous Coward
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United States
05/13/2022 10:15 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Again, actual buyers and consumers of physical know different. The jig may be up on the paper PM scam…at the very least, the market is showing no confidence in it.

As paper PMs fall, the premiums on physical are rising…values on physical are holding the old gains, and in some cases surpassing them.

Continue to watch what Russia is doing very loudly, and what China has been doing very quietly…shoring up their physical holdings, as well as adding to them. Why? Because they’re pegging their currencies to them as well as making moves to boot the US dollar from oil.
 Quoting: Larphillips


The big boys don't care what you hobby stackers pay for your coins and 10 OzT bars, they buy 1000 OzT 'good delivery' bars by the hundreds and thousands. This is the retail price of a single good delivery bar today:$ 22,272.41 You will pay less in quantity.

[link to www.goldcore.com (secure)]
 Quoting: Anonymous Coward 80360082


Good luck finding 5 for a Comex contract.

epiclol
Anonymous Coward
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05/13/2022 10:34 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
tissue
We Are Slaves

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05/13/2022 10:42 AM

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Re: Gold Tumbles Below $1800, Erases All YTD Gains
What a boring investment...gold is so passé

That being said, imo it's still good to hold at least a little bit (physical)...as well as silver
Warning : The post above may be pure speculation.
Thread: World War M3me
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(Ignore the UK flag, i'm Canadian)
Anonymous Coward
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05/13/2022 10:43 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
What a boring investment...gold is so passé

That being said, imo it's still good to hold at least a little bit (physical)...as well as silver
 Quoting: We Are Slaves


10-30% at all times.
Anonymous Coward
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05/13/2022 10:47 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
still looks better than an empty usb card.

buy the dip guys... lol

crypto is safe. lmao

better than fiat lmfao..

maybe ill buy a new gpu this christmas, might be a fire sale ...
Anonymous Coward
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05/13/2022 10:50 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
What Is it used for? Always thought it over valued. Outside of jewelry, or a store of value, yes can be used in electronics but only in small amounts due to cost. Oh Google says dentistry and medicine too. Would not be surprised if it goes lower.
 Quoting: Anonymous Coward 57454371



It's used by Banksters in paper form to cover shorts, that dreamworld is just about to end.
Anonymous Coward
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05/13/2022 10:54 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
still looks better than an empty usb card.

buy the dip guys... lol

crypto is safe. lmao

better than fiat lmfao..

maybe ill buy a new gpu this christmas, might be a fire sale ...
 Quoting: Anonymous Coward 82203622


now a solid gold usb card...
Anonymous Coward
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05/13/2022 10:54 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains


and yet dumbfuck no-coiners only complain about crypto. everything is manipulated - get used to it. if you are hedging or "investing" always be prepared to hold.
Anonymous Coward
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05/13/2022 10:55 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
still looks better than an empty usb card.

buy the dip guys... lol

crypto is safe. lmao

better than fiat lmfao..

maybe ill buy a new gpu this christmas, might be a fire sale ...
 Quoting: Anonymous Coward 82203622


god damn you're an idiot.
Anonymous Coward
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Canada
05/13/2022 10:56 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
still looks better than an empty usb card.

buy the dip guys... lol

crypto is safe. lmao

better than fiat lmfao..

maybe ill buy a new gpu this christmas, might be a fire sale ...
 Quoting: Anonymous Coward 82203622


god damn you're an idiot.
 Quoting: Anonymous Coward 81705135


you are the one who bought a $30000 usb card
Anonymous Coward
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United States
05/13/2022 11:13 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
still looks better than an empty usb card.

buy the dip guys... lol

crypto is safe. lmao

better than fiat lmfao..

maybe ill buy a new gpu this christmas, might be a fire sale ...
 Quoting: Anonymous Coward 82203622


god damn you're an idiot.
 Quoting: Anonymous Coward 81705135


you are the one who bought a $30000 usb card
 Quoting: Anonymous Coward 82203622


thanks for confirming you're an idiot. you do know you can spend crypto anywhere right? just like a debit or credit card. i'm done teaching morons about the BASICS of crypto.

keep on no-coining no-coiner.

and stay the fuck out of crypto related threads if you don't have skin in the game...
Anonymous Coward
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05/13/2022 11:13 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
the dollar climes so that explains gold
unemployment is low 3.6%, headed lower
inflation and the the dollar should be tangible
BUT THERE NOT
more dollars mean inflation
more dollars mean low the dollar's value is
BUT it's NOT
Anonymous Coward
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05/13/2022 11:26 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
Such a farce….

Record inflation. War. Crashing stock market. Crypto dumping. PMs should have a raging hardon right now. The mainstream logic is that interest rates are going up so therefore cost to hold gold goes up… blah blah blah. While there is some validity to that, in all fairness its just ridiculous for it to outweigh the other factors. The value of gold and silver have actually decreased since the war began and inflation started rolling in hot. Amazing.

In true GLP fashion, me thinks that Russia/china may have been banking on price increases as well… suffice it to say their speculative positions are now underwater if not worthless already!
 Quoting: Anonymous Coward 82862075


Because Russia and China are holding gold, the Western powers are manipulating it's value downward?
Anonymous Coward
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05/13/2022 11:30 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains
It is obvious the entire system is rigged, from Fiat to crypto to Commodities.
With the amount of Inflation we have Gold and Silver going DOWN? Rigged!
 Quoting: Anonymous Coward 82744901


i dont have enough LIFE YEARS to wait on gold....too slow

crypto is way better if youre smart.
Anonymous Coward
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05/13/2022 11:30 AM
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Re: Gold Tumbles Below $1800, Erases All YTD Gains





GLP