India's Q4 gold imports to jump as investors seek safer bets than stocks

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cosmetal
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India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by cosmetal » October 4th, 2018, 7:44 pm

http://www.mining.com/web/indias-q4-gol ... ign=digest

I'm thinking that $1,200/ozt is the floor and we have a base started. The trend should be upwards especially if the stock market continues to tank into year's end.

:G :D James :D :G

Back to pouring my good delivery bars. The LBMA is expecting their delivery. :lol: :lol: :lol: :roll:
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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by IdahoMole » October 5th, 2018, 9:25 am

"Continues" to tank? Doesn't it have to "begin" to tank first?

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by cosmetal » October 5th, 2018, 11:36 am

Historically, there is a sell-off (even during a bull market) as the New Year approaches. Mostly due to portfolio reallocation at large mutual funds and tax purposes.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by kurtak » October 6th, 2018, 10:56 am

cosmetal wrote:
October 4th, 2018, 7:44 pm
I'm thinking that $1,200/ozt is the floor and we have a base started. The trend should be upwards especially if the stock market continues to tank into year's end.

Per the underline --- Not to get political here - but you must be watching "the fake news" :shock: :wink: :D :lol: :twisted:

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by cosmetal » October 6th, 2018, 11:30 am

kurtak wrote:
October 6th, 2018, 10:56 am
cosmetal wrote:
October 4th, 2018, 7:44 pm
I'm thinking that $1,200/ozt is the floor and we have a base started. The trend should be upwards especially if the stock market continues to tank into year's end.

Per the underline --- Not to get political here - but you must be watching "the fake news" :shock: :wink: :D :lol: :twisted:
Mining.com
Marketwatch.com
Barron's.com


These news outlets are usually not considered to be "hot beds" of "fake news".

Another article from this morning:

"Gold’s bottom could be investors’ lost treasure"
http://www.mining.com/web/golds-bottom- ... ign=digest

Warren Buffet said to buy when "there's blood running in the street" and the gold mining stocks and their product (gold) haven't been exactly healthy lately. Recent M&A within the mining industry is also a good sign.

Peace,
James
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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by IdahoMole » October 6th, 2018, 11:58 am

I don't play the market, stocks or otherwise, but it seems to me that the rich folks put their money in metal when the economy stinks as a safe(r) haven and socks when things pick back up. Politics aside, when Reagan took office gold was at/near record highs and the economy was in the toilet. In the 90's (Clinton) gold was down around $250 and the economy was doing well. Say what you will about Obama but the bottom line is the economy was bad when he got it and it stayed that way until November of 2016 and gold set new record highs. Now we have Trump and he is certainly an inarticulate boar but he does know how to run an economy and wait for it....... gold is down a bit.
I do believe $1200 is the floor, at least in the short term.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by cosmetal » October 10th, 2018, 8:10 pm

Not a happy day for the market - down 832 points. Reminds me of 2008.

Gold only up $4.30 ozt to $1,197.80.

I wonder where the market "bulls" are running to.? :shock:

James
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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by Dr.xyz » October 11th, 2018, 5:16 pm

Strong "safe haven" buying today, hopefully there's lots more blood on the Street from now on. I've been holding cash & gold for a while, soon it might be time to sell gold and buy stocks.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by cosmetal » October 11th, 2018, 7:17 pm

Dow down 546 points today. I'll wait until the November elections and year-end selling are over, then stocks might be interesting to me.

One time today, I saw gold up $34 dollars plus change. It closes down $0.90 cents? :shock:

Someone is "painting the tape" on gold. :evil:

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by nickvc » October 12th, 2018, 3:10 am

To add a little juice to the whole scenario remember that a lot of gold traded does not actually exist, it’s paper gold, if everyone who had bits of paper said they wanted physical gold instead of paper then perhaps we might get a realistic price.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by kurtak » October 12th, 2018, 9:43 am

cosmetal wrote:
October 10th, 2018, 8:10 pm
Not a happy day for the market - down 832 points. Reminds me of 2008.
Dow down 546 points today
probably just a "short" term "panic" down turn (fed announces interest rate hike)

to many "other" things driving the current market(s) that are "likely" to turn it "right" back up

Kurt

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by cosmetal » October 12th, 2018, 11:21 am

nickvc wrote:
October 12th, 2018, 3:10 am
To add a little juice to the whole scenario remember that a lot of gold traded does not actually exist, it’s paper gold, if everyone who had bits of paper said they wanted physical gold instead of paper then perhaps we might get a realistic price.
So very, very true.

It's also one major reason that sovereign nations are pulling their physical gold back and requiring that it be stored within their boundaries.

Turkey
https://www.goldrefiningforum.com/phpBB ... 60&t=26872

Germany
https://www.goldrefiningforum.com/phpBB ... 60&t=26872

James
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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by Platinum » October 13th, 2018, 4:05 am

I'm staying as far away from paper as i can for the near future. Physical assets are even overvalued at this point. I'm sticking with my metals.
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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by nickvc » October 13th, 2018, 5:09 am

cosmetal wrote:
October 12th, 2018, 11:21 am
nickvc wrote:
October 12th, 2018, 3:10 am
To add a little juice to the whole scenario remember that a lot of gold traded does not actually exist, it’s paper gold, if everyone who had bits of paper said they wanted physical gold instead of paper then perhaps we might get a realistic price.
So very, very true.

It's also one major reason that sovereign nations are pulling their physical gold back and requiring that it be stored within their boundaries.

Turkey
https://www.goldrefiningforum.com/phpBB ... 60&t=26872



Germany
https://www.goldrefiningforum.com/phpBB ... 60&t=26872

James
It says a lot when sovereign nations start to distrust the system that the banks have employed.
I know Germany has been recalling their gold for years and they couldn’t get it all in one hit it took several years I gather if it’s all back in their vaults even now.
If you reckoned up the amount of gold held as physical gold by nations against historic mining figures I wouldn’t mind betting there’s not much of a difference in percentages and then allow for personal jewellery and coins and it wouldn’t surprise me if it didn’t balance or be very close.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by 4metals » October 13th, 2018, 8:39 pm

The gold price will go up quickly if everyone who doesn't have physical metal suddenly demanded their metal. Maybe some countries are smart enough to see this may actually happen and they now want physical. Here in the US the banks proved to us just how low they could sink with their mortgage scam, no reason not to believe the same can't happen with the gold they sell multiple times. But we can just bail them out again.

Be safe, have all your gold (and silver) as physical metal.
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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by butcher » October 13th, 2018, 10:32 pm

Buying gold stocks is much like buying shares in any other stock. You buy gold stocks through a broker just as you would purchase stocks in any other company. This gives you partial ownership in a company that develops mines, recovers gold, or refines it. The value of your gold stocks is not tied to the spot price of gold or the actual market value of gold but depend on the profits of the company in which you’ve invested.

Fiat or paper money is only worth what we can trade it for, it can go flat fast at the country's economy or politicians whims, one day you may buy a loaf of bread for 2 dollars, a year later it could take thousands of dollars to buy a slice of that loaf.

National debt, war, economic hard times, how much a country deflates its money by printing more worthless paper, so many things riding on a currency with nothing actually physical to back it up can have some worth today and yet become only fuel for our wood stoves tomorrow, besides it really does not keep well buried in the ground for hiding or saving like gold.


Dividing all of the world's gold, amongst all of the people of the world we each would have somewhere around 23 grams each.


Dividing up the silver somewhere around 0.80 ounces per person, and now with most of the worlds unaccounted for silver which just happens to be sitting around in our landfills, and with the majority of Silver ever mined in human history is consumed and gone forever (including modern times) ...

Gold or silver has always had value and always will, even the Roman centurion soldier who was paid in gold made about as much as a soldier today, and he could buy about the same amount of bread with his gold as we can today, although the price of gold can go up and down (or how many paper dollars it would take to buy the gold (or bread for that matter), with gold is a good bet that the gold will buy the same amount of bread if it is high or low compared to your paper money, which seems to take more of to buy bread every time you go shopping.

I do not consider the price of gold that much unless I am buying it or selling it, I consider having gold will ensure I can have a piece of bread in hard times, and it would buy more bread than that deflating dollar could in those times,

I cannot see fiat money being able to buy more bread than I can today, but I can see where gold or silver could.

I honestly believe the physical gold price is also manipulated, by paper gold stock, and maybe even by the world players, in any way I feel gold is actually worth more than the Kitco daily figures show.

In any event, I would like to have a little more than my share of the world's gold, with 23 grams per person an ounce or two in your pocket could make you a rich man in the world, or at least you could afford some bread in the hard years, and maybe even prosper through them...

why would I prefer paper bananas, if I can get real edible bananas, paper money or gold and silver that has always held value?

I want my two cents saved as gold or silver, forget those zinc pennies that soon rot away.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by Dr.xyz » October 14th, 2018, 11:07 am

But if/when crap really hits the fan, only things that matter are water, food and shelter. Gold becomes worthless, and you very well can starve to death in a house made of good delivery bars.

It´s so sad how EU is trying to commit suicide by letting millions of africans migrate.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by butcher » October 14th, 2018, 11:15 am

Gold and my backwoods skills, I will surely survive when it hits the fan.
Gold or silver will never be worthless.

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Re: India's Q4 gold imports to jump as investors seek safer bets than stocks

Post by kurtak » November 13th, 2018, 8:46 am

kurtak wrote:
October 12th, 2018, 9:43 am
cosmetal wrote:
October 10th, 2018, 8:10 pm
Not a happy day for the market - down 832 points. Reminds me of 2008.
Dow down 546 points today
probably just a "short" term "panic" down turn (fed announces interest rate hike)

to many "other" things driving the current market(s) that are "likely" to turn it "right" back up

Kurt
Hmmmm - since you first stated this thread gold has lost most of it's gain - silver has actually gone "below" it's "previous" low


September 29th 2017 I bought 1,000 ozt silver at $16.66 (that days spot) which means I am currently down a bit more the $2,600 on that investment - which means silver has a "long" way to go just to brake even on that investment


IF - I had bought 1,000 ozt gold on September 29th 2017 - I would be down $70/ozt - or $70,000 on 1,000/ozt - again - a long way to go on the investment

All though the DOW is currently down "a bit" - keep in mind that since the 2016 election the DOW is still up "about" 7,000

The point being - you are going to have to see a continued & sustained fall in the DOW before you see a continued &/or sustained up turn in gold & silver --- & I just don't see that happening any time soon like we saw in 2008

As a side note - I also happen to have a (very small) interest in mineral (oil) rights in North Dakota (actual oil wells) & in the last 3 months oil has lost about $25/barrel so my monthly royalty checks have gone from about $300 down to $90

Kurt

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