I'm surprised to hear of a couple of Central Banks buying gold even at today's prices! That said, I'm sure they get some kind of price break for sure, I mean they're buying tons of gold after all, not a measly coin like I would be buying! A bull market in gold heading our way, so says the video!
Those selling typically tout $5k-$10k gold. And one day they will be right. I'm highly doubtful it'll be in my lifetime. Or at least I hope it won't be during my lifetime. Things will be pretty bad when those days arrive.
Things're pretty bad already . . . governments are just very busy trying to prevent that realization.
Gold at $10k will tell you a lot more of the failures of the Fed managing the USD than it will be a story of strength of gold.
The banks are ALREADY getting a huge price break thanks to organized reserve bank manipulation to keep the price down. It's hugely undervalued. China and Russia have been hoarding/importing gold hand-over-fist in recent years looking to fill their vaults to levels comparable or beyond other large nations, primarily to have their upcoming digital currencies backed by gold. When China feels it has enough gold to shift the global failed/collapsed dollar-based reserve financial paradigm don't worry...the price will rise like crazy...but only after the govts and global bankers have got "theirs", and it will be difficult for any of the masses to afford it then, or product will be scarce to non existent due to the last minute buying fenzy. If you're not getting your gold NOW...well, you're betting on borrowed time. Remember, whoever own the (physical) gold has the power.
Dump all your silver and gold before it becomes worthless. The physical prices have all been pumped up and manipulated by bullion dealers who are part of the deep state and the Illuminati to bring about the fall of the nation until JFK returns.
No thanks, I was just joking! I'm not a believer in the "big lie" or QAnon at all! Xnay on the olitics pa!
Whenever I see bullion dealers making predictions about the commodity that they themselves sell, I'm reminded of the very useful maxim: "never ask the barber if you need a haircut."
You all know more about Silver than I. The shiny Silver is getting closer to that twenty spot, will it dip down in the teens next year? Even though it's dropping the premiums aren't getting in line with it.