Central Banks Buy Gold+ Gold at $10k, Silver at $500, Kitco!!

Discussion in 'Bullion Investing' started by fretboard, Dec 5, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    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! :D A bull market in gold heading our way, so says the video! :cigar:

    longarm likes this.
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  3. hotwheelsearl

    hotwheelsearl Well-Known Member

    On a long enough timescale, gold will hit 10K....eventually...
  4. masterswimmer

    masterswimmer Well-Known Member

    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.
    FryDaddyJr and spirityoda like this.
  5. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Things're pretty bad already . . . governments are just very busy trying to prevent that realization.
  6. medoraman

    medoraman Supporter! Supporter

    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.
    ToughCOINS likes this.
  7. KeyHunter

    KeyHunter Supporter! Supporter

    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.
  8. crazyd

    crazyd Active Member

    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.
    -jeffB likes this.
  9. fretboard

    fretboard Defender of Old Coinage!

    No, I think it's until ELVIS returns! j/k 112.gif
    Last edited: Dec 8, 2021
    crazyd likes this.
  10. crazyd

    crazyd Active Member

    You need to JOIN US in Dallas for the next rally !
  11. fretboard

    fretboard Defender of Old Coinage!

    No thanks, I was just joking! :D I'm not a believer in the "big lie" or QAnon at all! :vomit: Xnay on the olitics pa! :singing:
  12. ewomack

    ewomack 魚の下着 Supporter

    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."
  13. KeyHunter

    KeyHunter Supporter! Supporter

    ...or a tackle shop if the fish are biting (bait sales)?
    crazyd likes this.
  14. slackaction1

    slackaction1 Supporter! Supporter

    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.
    Last edited: Dec 15, 2021
    leAurenard and crazyd like this.
  15. crazyd

    crazyd Active Member

    You know the important part :)
    leAurenard likes this.
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