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RUN on Gold Begins
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Mar 24, 2020 21:34:40   #
Sicilianthing
 
"The Gold Market Is Breaking Down": Gold Spreads Explode As LBMA Warns Of Liquidity Problems

"Last night, when observing the unprecedented "gold run" on precious metals dealers which has left all gold vendors with little to no physical gold, we said that "the price of physical gold has decoupled from paper gold" as a result of paper gold liquidations as leveraged funds scramble to cover margin calls using safe assets...

... resulting in an arbitrage that physical gold buyers, i.e., those who don't have faith in gold ETFs such as the GDX or simply prefer to have possession of the metal, find especially delightful as it allows them to buy physical gold at lower prices than they would ordinarily have access to."

Click Here to get your physical Gold:
https://www.zerohedge.com/commodities/gold-market-breaking-down-gold-spreads-explode-lbma-warns-liquidity-problems

Reply
Mar 24, 2020 22:42:28   #
BigMike Loc: yerington nv
 
Sicilianthing wrote:
"The Gold Market Is Breaking Down": Gold Spreads Explode As LBMA Warns Of Liquidity Problems

"Last night, when observing the unprecedented "gold run" on precious metals dealers which has left all gold vendors with little to no physical gold, we said that "the price of physical gold has decoupled from paper gold" as a result of paper gold liquidations as leveraged funds scramble to cover margin calls using safe assets...

... resulting in an arbitrage that physical gold buyers, i.e., those who don't have faith in gold ETFs such as the GDX or simply prefer to have possession of the metal, find especially delightful as it allows them to buy physical gold at lower prices than they would ordinarily have access to."

Click Here to get your physical Gold:
https://www.zerohedge.com/commodities/gold-market-breaking-down-gold-spreads-explode-lbma-warns-liquidity-problems
"The Gold Market Is Breaking Down": Gold... (show quote)


Buy silver! Taking my ma to Carson to get some 10 oz ingots.

Reply
Mar 24, 2020 22:43:13   #
Sicilianthing
 
BigMike wrote:
Buy silver! Taking my ma to Carson to get some 10 oz ingots.


>>>

I’m buying ammunition

Reply
 
 
Mar 25, 2020 00:50:17   #
Peewee Loc: San Antonio, TX
 
BigMike wrote:
Buy silver! Taking my ma to Carson to get some 10 oz ingots.


Dang, you're a good son. When are you going and do I have time to send a check or cash? Maybe you could become a broker for OPPers. A nice sideline if your commission isn't too high. Let me know. Silver eventually has to follow gold but gold is 1,638.35 and silver is 14.40. Way out of balance. I'd rather have ingots than coins. Both will take off before the end of the year.

Reply
Mar 25, 2020 02:10:22   #
dtucker300 Loc: Vista, CA
 
Peewee wrote:
Dang, you're a good son. When are you going and do I have time to send a check or cash? Maybe you could become a broker for OPPers. A nice sideline if your commission isn't too high. Let me know. Silver eventually has to follow gold but gold is 1,638.35 and silver is 14.40. Way out of balance. I'd rather have ingots than coins. Both will take off before the end of the year.
Dang, you're a good son. When are you going and do... (show quote)


Can't eat any of them!

Reply
Mar 25, 2020 02:57:21   #
Peewee Loc: San Antonio, TX
 
dtucker300 wrote:
Can't eat any of them!


True, but I can use them to get food and wh**ever else I need, like ammo or a new Bible. My old one is pretty marked up and worn out. Or to help my neighbors and family. Plus, I'm single w/o children and I know some sibs will need help and mom is still alive.

My needs are few! A bowl of beef stew and black coffee or unsweetened tea w/lemon and I'm good to go. The market went up today and my stocks did pretty well even during the downturn. Plus, I have a little gold. God is good all the time and His children never go begging for bread and I have two, five-shelf racks full of canned goods, just in case.

I expect silver to go up before the end of the year, I'll only be surprised if it doesn't. Plus if push comes to shove I have some friends who let me hunt on their property when I want to and it's infested with deer, turkeys and wild hogs. I don't go to a range to fire, I go hog hunting. And a perfect gun is the AR-15 with 20 or 30 round mags. I try not to go to often because they always overfeed me. If they call me, it means their freezer needs refilling. I think they foundered me twice already. If you're familiar with horses you'll know what that means.

Reply
Mar 25, 2020 08:54:22   #
lpnmajor Loc: Arkansas
 
Sicilianthing wrote:
"The Gold Market Is Breaking Down": Gold Spreads Explode As LBMA Warns Of Liquidity Problems

"Last night, when observing the unprecedented "gold run" on precious metals dealers which has left all gold vendors with little to no physical gold, we said that "the price of physical gold has decoupled from paper gold" as a result of paper gold liquidations as leveraged funds scramble to cover margin calls using safe assets...

... resulting in an arbitrage that physical gold buyers, i.e., those who don't have faith in gold ETFs such as the GDX or simply prefer to have possession of the metal, find especially delightful as it allows them to buy physical gold at lower prices than they would ordinarily have access to."

Click Here to get your physical Gold:
https://www.zerohedge.com/commodities/gold-market-breaking-down-gold-spreads-explode-lbma-warns-liquidity-problems
"The Gold Market Is Breaking Down": Gold... (show quote)


I'd like to see those folk trying to eat gold.

Reply
 
 
Mar 25, 2020 09:11:34   #
Peewee Loc: San Antonio, TX
 
lpnmajor wrote:
I'd like to see those folk trying to eat gold.


America produces plenty of food.

Reply
Mar 25, 2020 12:09:08   #
Sicilianthing
 
dtucker300 wrote:
Can't eat any of them!


>>>

The Stupid Sheeple will trade Ammunition for food before they trade gold and silver.

Reply
Mar 25, 2020 12:10:50   #
Sicilianthing
 
Peewee wrote:
True, but I can use them to get food and wh**ever else I need, like ammo or a new Bible. My old one is pretty marked up and worn out. Or to help my neighbors and family. Plus, I'm single w/o children and I know some sibs will need help and mom is still alive.

My needs are few! A bowl of beef stew and black coffee or unsweetened tea w/lemon and I'm good to go. The market went up today and my stocks did pretty well even during the downturn. Plus, I have a little gold. God is good all the time and His children never go begging for bread and I have two, five-shelf racks full of canned goods, just in case.

I expect silver to go up before the end of the year, I'll only be surprised if it doesn't. Plus if push comes to shove I have some friends who let me hunt on their property when I want to and it's infested with deer, turkeys and wild hogs. I don't go to a range to fire, I go hog hunting. And a perfect gun is the AR-15 with 20 or 30 round mags. I try not to go to often because they always overfeed me. If they call me, it means their freezer needs refilling. I think they foundered me twice already. If you're familiar with horses you'll know what that means.
True, but I can use them to get food and wh**ever ... (show quote)


>>>

Know this Peewee...

Things will never return to where they were 23days Ago.... EVER
Do not be fooled into false hope and hype about a recovery.
The next wild card is coming right under this one... by design.

Reply
Mar 25, 2020 12:11:18   #
Sicilianthing
 
lpnmajor wrote:
I'd like to see those folk trying to eat gold.


>>>

That’s what I said.

Reply
 
 
Mar 25, 2020 12:15:45   #
Peewee Loc: San Antonio, TX
 
Sicilianthing wrote:
>>>

Know this Peewee...

Things will never return to where they were 23days Ago.... EVER
Do not be fooled into false hope and hype about a recovery.
The next wild card is coming right under this one... by design.


Know this, I don't listen to you any longer. I trust my president and our military above you. Hope you have a wonderful, peaceful day.

Reply
Mar 25, 2020 12:27:42   #
Sicilianthing
 
Peewee wrote:
Know this, I don't listen to you any longer. I trust my president and our military above you. Hope you have a wonderful, peaceful day.


>>>

You’re being deeply misled and Good Luck.
You just dont understand what’s happened and who you’re dealing with.

ON the day you guys wake up to What and who Trump really works for, how he was c*********d, how he sold you out, I want to be here to see what you say.

Read your Bible, it’s in there too.

Reply
Mar 25, 2020 12:48:13   #
BigMike Loc: yerington nv
 
Sicilianthing wrote:
>>>

I’m buying ammunition


Got that already.

Reply
Mar 25, 2020 12:48:47   #
BigMike Loc: yerington nv
 
Sicilianthing wrote:
>>>

You’re being deeply misled and Good Luck.
You just dont understand what’s happened and who you’re dealing with.

ON the day you guys wake up to What and who Trump really works for, how he was c*********d, how he sold you out, I want to be here to see what you say.

Read your Bible, it’s in there too.


Where?

Reply
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