Wt Phys Gold � Discussion Threads

[action] 30/4/2020 17:08

: * Sudden Chinese decision shakes the corners of the entire world .. * China surprised the world today and decided to cancel the dollar peg in the stock exchange transactions and decided to deal officially and the official link to the Chinese yuan instead of the dollar, and this is a bold and important step in China's economic history. This means that the dollar has become non-existent in Chinese trading and the US dollar will fall strongly against the Chinese yuan and may affect it in global markets. And all the global markets were stunned by the decision. The news was discussed today on the BBC World English afternoon program. It is an economic war that could lead the world to a devastating war that cannot be neglected if America acts foolishly in the face of this decision !! China 2021 will lead the world. This is China's old dream and what it planned to achieve for decades or more. https://www.theguardian.com/world/2020/apr/28/china-starts-major-trial-of-state-run-digital-currency

[action] 30/4/2020 17:06

Gold and other PMS will go up now as dollar will weaken. Also FED has got unlimited QE. Fasten your seatbelts.

[action] 30/4/2020 17:06

Gold and other PMS will go up now as dollar will weaken. Also FED has got unlimited QE. Fasten your seatbelts.

[action] 30/4/2020 17:05

https://www.theguardian.com/world/2020/apr/28/china-starts-major-trial-of-state-run-digital-currency

[action] 27/4/2020 12:47

GOLD may go down to 1350 level if risk on mode continues in Stock . Kitco news.

[action] 27/4/2020 11:24

Spread always too wide when you want to buy or sale well out of quoted window. May try SGLN.

[toffeeman] 27/4/2020 08:21

Daft question - but (I think) GPM hold a portfolio of miners - what could be the impact of C-19 on their profitability?

I tried to answer it myself - might delay production but that will increase the price of physical gold so a good mix with PHGP so I bought some!

[killing_time] 26/4/2020 21:21

I hold AUCO. Worth checking out.

[stevieweebie2] 26/4/2020 19:07

I hold GPM and have a decent position. They are my main holding of PM's.

[toffeeman] 26/4/2020 13:36

I sold a poor performing fund and am looking to put some into a gold fund - any reccs from peeps?

[toffeeman] 23/4/2020 15:06

Dow up and PHGP up - at last!

[action] 22/4/2020 22:33

The other end

[action] 22/4/2020 22:33

No the end of spectrum I.e not enough physical gold if everyone wants physical delivery. GOLD will skyrocket.

[waikenchan] 22/4/2020 21:37

I have no problems storing gold if futures contracts went negative haha

[toffeeman] 22/4/2020 16:33

not quite 13200, but (just) a new closing high

[toffeeman] 22/4/2020 08:17

So I am in the right place am I?!

I see resistance at 13200 so looking for close above.

[action] 22/4/2020 07:38

Oil went negative as futures contract on expiry are dumped as no space to store oil.Now imagine the same future co tracts for GOLD if everyone wants physical delivery of Gold what would happen to Gold prices on that day.CNBC contributor thought yesterday.Hence only go for Physical gold or etf PHYSICALLY backed by gold.

[toffeeman] 21/4/2020 10:51

Oil gone negative - forcing second tranche of forced gold sales? - bwtfdik.

[action] 21/4/2020 10:36

Why this is down now anyone knows the reason pls?

[action] 17/4/2020 17:40

This may go down next week if virus cure of some sort is found

[kiwi2007] 13/4/2020 10:50

Interesting growing disparity between the actual gold price and the price of gold 'trinkets' i.e. coins and small bars(1Kg or lighter).
Huge demand from retail investors wiping out dealers stocks around the world apparently.

[killing_time] 11/4/2020 10:02

Yep, been having problems with the spread. Was thinking of buying a few PHAU and PHGP at the same time to see the price difference.

[action] 10/4/2020 16:36

Only thing is exchange conversion rate is killer with broker unless you can buy and sell in same currency ie currency ac with broker. My broker will not allow currency ac. Will charge appx 1.5% or more buying and selling.

[action] 10/4/2020 16:31

Target raise to $2000 Kitco news