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Gold RIGHT NOW

  • #1,141
  • May 11, 2020 2:54am May 11, 2020 2:54am
Quoting EventsTrader
{quote} Despite the recent drop in the price of gold, I still see gold right now as an excellent long term buying opportunity. When the tensions surrounding China and the virus rise, it could accelerate the rise of gold prices as investors seek safety and hedge against any 2nd or more waves of the coronavirus.
We must learn who is gold, and who is gold plated


And WHAT E.T. if ALL Human Beings were Gold????
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #1,142
  • May 11, 2020 10:28am May 11, 2020 10:28am
Well although I am long(er) term UP/LONG for GOLD.. I do not mind it drop temporary, so to give us the opportunity to buy some of it Even in physical...
Can you afford to take that chance?
  • #1,143
  • May 12, 2020 4:20am May 12, 2020 4:20am
FPA's today gold technical analysis. Enjoy

Inserted Video
  • #1,144
  • May 14, 2020 5:53am May 14, 2020 5:53am
Quoting auricforecas
Well although I am long(er) term UP/LONG for GOLD.. I do not mind it drop temporary, so to give us the opportunity to buy some of it Even in physical...
Nice, GOLD, going UP again, as expected... Hope this trajectory (slope) locks till for some time now, so that we could shave the profits goods.. with nice leverage...
More details on that one soon... Even more details (will follow) in my thread on the topic.
Can you afford to take that chance?
  • #1,145
  • May 15, 2020 11:37am May 15, 2020 11:37am
Gold right now is in rally mode after this morning's retail sales figures:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #1,146
  • May 15, 2020 12:13pm May 15, 2020 12:13pm
gold is approachin g 1800 to see next weeks action
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,147
  • May 18, 2020 5:38am May 18, 2020 5:38am
Quoting fontu
gold is approachin g 1800 to see next weeks action {image}
Market really picked up now Approaching your number.
Can you afford to take that chance?
  • #1,148
  • May 18, 2020 10:09am May 18, 2020 10:09am
Quoting fontu
gold is approachin g 1800 to see next weeks action {image}
I'm not sure who is right the so called experts or me. I trade gold but I only keep physical gold no paper crap for me
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  • #1,149
  • May 18, 2020 1:39pm May 18, 2020 1:39pm
Quoting Hutch
{quote} I'm not sure who is right the so called experts or me. I trade gold but I only keep physical gold no paper crap for me {image}
You better edit this I have been brainstorming myself what would be the best/optimal place to "hide" it... Not that I have problem with that now but I like to play with the idea... But every hiding strategy is risky... And about the experts... Sometimes they do not say/write what they actually believe it would be best for various reasons So I think you should at least double-check with yourself... Also, there is a history that can help us... at least if you are looking for LOOOONGer time(frame) If everything is "perfect".. paper gold is much more convenient... But usually we have/(invest in) gold to hedge the perfect times right
Can you afford to take that chance?
  • #1,150
  • May 18, 2020 2:46pm May 18, 2020 2:46pm
Quoting auricforecas
{quote} You better edit this I have been brainstorming myself what would be the best/optimal place to "hide" it... Not that I have problem with that now but I like to play with the idea... But every hiding strategy is risky... And about the experts... Sometimes they do not say/write what they actually believe it would be best for various reasons So I think you should at least double-check with yourself... Also, there is a history that can help us... at least if you are looking for LOOOONGer time(frame) If everything is "perfect".....
The first 4 gold investments are in shares and normally when the price of gold goes up the price of shares goes even higher in percentage term. There are 3 other gold investments that the experts don't talk about they are options, CFDs (banned in the US) and ETFs specializing in gold. The problem is that there has been a lot of market manipulations and also in reporting so I trust only physical gold. The way I see it if I cannot hold it in my hand it's not a gold investment
  • #1,151
  • Edited 3:27pm May 18, 2020 2:49pm | Edited 3:27pm
Quoting Hutch
{quote} The first 4 gold investments are in shares and normally when the price of gold goes up the price of shares goes even higher in percentage term. There are 3 other gold investments that the experts don't talk about they are options, CFDs (banned in the US) and ETFs specializing in gold. The problem is that there has been a lot of market manipulations and also in reporting so I trust only physical gold. The way I see it if I cannot hold it in my hand it's not a gold investment
Yeah, also don't forget physical gold was seized before (EDIT: forced exchange.. it was not seized, you got the money for it... but you had to bring it), in not to distant past So if you have it, maybe it would better not to mention it, that is why I "suggested" you edit the post And I do not have it in physical form, at least not now Would like to though. https://en.wikipedia.org/wiki/Executive_Order_6102
Can you afford to take that chance?
  • #1,152
  • May 18, 2020 3:33pm May 18, 2020 3:33pm
Quoting auricforecas
{quote} Yeah, also don't forget physical gold was seized before, in not to distant past So if you have it, maybe it would better not to mention it, that is why I "suggested" you edit the post And I do not have it in physical form, at least not now Would like to though. https://en.wikipedia.org/wiki/Executive_Order_6102
Unfortunately you are right in Europe gold in excess of €10,000 needs to be reported upon entry or exit. This is quite annoying. In my country, the US, no reporting is required for gold unless the weight is 1 Kilo or 25 coins of 1 ounce each. If for a valid reason I had to sell my gold I would sell it in Cyprus because there is no income tax on capital gains. I would have also to report the profit made to the IRS but because I don't live in the US I pay no income tax on the first $106K of income
  • #1,153
  • May 19, 2020 1:23pm May 19, 2020 1:23pm
It's a little late in the day for a rally, but Gold right now looks like it's headed towards retesting earlier session highs.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0029 5-19-2020 2.22.28 PM.png Size: 14 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #1,154
  • May 19, 2020 2:01pm May 19, 2020 2:01pm
Quoting EventsTrader
It's a little late in the day for a rally, but Gold right now looks like it's headed towards retesting earlier session highs.{image}
Might be late for rally.. but I think it is about the "pressure release"... since Gold have been "forced down" in away, through the day... for various reasons and now it has time to depressure itself... meaning going UP some more
Can you afford to take that chance?
  • #1,155
  • May 19, 2020 3:10pm May 19, 2020 3:10pm
Quoting Hutch
{quote} Unfortunately you are right in Europe gold in excess of €10,000 needs to be reported upon entry or exit. This is quite annoying. In my country, the US, no reporting is required for gold unless the weight is 1 Kilo or 25 coins of 1 ounce each. If for a valid reason I had to sell my gold I would sell it in Cyprus because there is no income tax on capital gains. I would have also to report the profit made to the IRS but because I don't live in the US I pay no income tax on the first $106K of income
Hah, found a video today, by coincidence basically... It actually has a guideline/instructions on how to bury the gold
Can you afford to take that chance?
  • #1,156
  • May 19, 2020 3:38pm May 19, 2020 3:38pm
Quoting auricforecas
{quote} Hah, found a video today, by coincidence basically... It actually has a guideline/instructions on how to bury the gold
Nice video but every so often people find gold, silver, etc. that were buried hundreds of years ago. For me best are private vaults but scattered in many countries for security reasons. This is also the reason why I have bank accounts in 5 countries holding CAD, CNY, EUR, GBP and USD. Believe me diversification is the key
  • #1,157
  • May 20, 2020 2:53am May 20, 2020 2:53am
Quoting Hutch
{quote} Nice video but every so often people find gold, silver, etc. that were buried hundreds of years ago. For me best are private vaults but scattered in many countries for security reasons. This is also the reason why I have bank accounts in 5 countries holding CAD, CNY, EUR, GBP and USD. Believe me diversification is the key
Nice man I also believe in diversification, preferably to 5 continents if possible At least at this uncertain times... Yeah vaults + physical gold might be a very good option, just have to see the "fine print" about what happens if company/bank that provides them gets in trouble... I recently found out that it is possible for vault content to be seized in case of banks insolvency etc... But since you are speaking of private... Also, the dilemma is to (extra) insure the content or not... Anyway, this option does cost but at time likes this, the preservation is far more important than the glorified return, right At east for certain part of the portfolio.

Anyway, seems GOLD is heading towards it's recent high... and looking to surpass it..
Can you afford to take that chance?
  • #1,158
  • May 20, 2020 7:23am May 20, 2020 7:23am
Quoting auricforecas
{quote} Nice man I also believe in diversification, preferably to 5 continents if possible At least at this uncertain times... Yeah vaults + physical gold might be a very good option, just have to see the "fine print" about what happens if company/bank that provides them gets in trouble... I recently found out that it is possible for vault content to be seized in case of banks insolvency etc... But since you are speaking of private... Also, the dilemma is to (extra) insure the content or not... Anyway, this option does cost but at...
Don't worry about private vaults but worry a lot about bank vaults since banks go bankrupt all the time. In case you did not know during the recession of 1929-1932 more than 11,000 banks failed. The FDIC protects up to $250K per bank account but "up to" is misleading since US has now bail in laws similar to those in Europe. I don't care if gold goes to $100 or $100,000 since these values would only indicate a great deflation or a stagflation
  • #1,159
  • May 20, 2020 12:56pm May 20, 2020 12:56pm
Quoting auricforecas
{quote} Hah, found a video today, by coincidence basically... It actually has a guideline/instructions on how to bury the gold
Without checking out the video, yeah, might pay to think creatively, rather than the obvious like a home safe. What kinda dimensions are you looking at? If you say about the size of an household oven, I might have my doubts about whether it is prudent to store it at home. And when they are letting you out.
  • #1,160
  • May 20, 2020 4:09pm May 20, 2020 4:09pm
Quoting LloydOz
{quote} Without checking out the video, yeah, might pay to think creatively, rather than the obvious like a home safe. What kinda dimensions are you looking at? If you say about the size of an household oven, I might have my doubts about whether it is prudent to store it at home. And when they are letting you out.
I just had an idea, what if (part of the home) safe would be from GOLD itself, with some "decoy" money inside it . "Oven size" heh. Well I think that I would bother with it, if I had like about 3.11-24,88 kg (or 1-8x 100 oz. - aka "Looper size", for better reference) to bury. Not that I have "a problem" with this now but would still like to hear some good ideas.
Can you afford to take that chance?
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