Time to buy gold ?

Then it might be time to buy then.

 

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Exactly. Selling gold at spot now because spot will fall in June if interest rates increase.

 

Well, at the time of the last rate increase, gold dipped below $1,200 briefly and probably was headed lower. But a bunch of political events -- France elections, Syria bombing and North Korea -- helped push it back up to a click shy of $1,300. It'll be interesting this time around for sure.

 

Gold just shot up from 1225 to 1290 in a couple days maybe 2 weeks ago; now it has simply given those gains back. It will go up and down and really don't expect any huge increase any time soon. Buying gold is a long term thing not something to make a quick buck unless you get lucky. Don't be emotional about a $70 drop when it just went up $70 in April. But yes its always a good time to buy gold.

 

And you silver have your silver so what are you complaining about? It still has the same value as before in the sense that when you need to sell it for retirement it will bring the same price as it wold have done several years ago.

 

Three things came to mind to me. The first would be that still could be making them a profit with what price they paid and they are willing to assure some profit then hold out for a stronger price.

Second would be they may be doing it to try and draw in new customers. A customer database can be worth much more than the premium ever would be.

Final thought would be that yes they be expecting demand to slow and are trying to move some inventory before it becomes dead or a bloodbath for them

 

You're right, never a bad time to buy if expecting to hold long term. Soon the piper will come calling for the national debt or war in Korea will send these prices up so fast you won't have the time to buy so low.

 

$40 over spot for a CML is a deal I would take for sure if I were in the market for that size piece. If it was 99999, oh boy! No thanks on bars, unless they are smallish serialed PAMP bars (and yes there are fakes, I just like the design).

Buying for spot seems like a steal, but I don't think dealers would do unless it was profitable. Do they know something we don't? Maybe, but I know that the CME isn't on the LBMA anymore. China however, is, and they really like gold. So as long as they want to buy it cheap, it will probably be cheap. If they ever want to swap over from fiat currency to gold as currency to say, de-level the playing field, then they might want to make all the gold they've been acquiring more valuable.

Fed rate hikes are nothing more than jawboning. 0.25% is a tiny fraction that they prep markets for way in advance so that things adjust beforehand, but the kicker is that our debt and deficit is always expanding so any rate hikes make that more expensive to pay back, and how do we pay our debts again? Ctrl-p, more printing! Isn't that inflationary? Yep. Isn't raising interest rates deflationary? Yep. So it doesn't change the real interest rate at all? Right. So it's pointless? No, it's jawboning to manage perceptions.

I didn't sell at $49 and I never will. I acquire metals with the intention of outlasting what most people incorrectly refer to as the US "dollar" which no longer exists.