flower-shilling

$̴3̴2̴0̴0̴ $̴3̴50̴0̴ $3̴90̴0̴ $400̴0̴ $410̴0̴ $5200 Gold!

Smithys Bullion - FINE GOLD AND SILVER
Silver Soul said:
War drums in Europe are beating. Fear. Nice empowering bullish hammer
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I love that Gold is continuing it's momentum. Silver doesn't surprise me with it's lackluster activity, but it's far from justified considering the supply and demand fundamentals are so strong. I thought there'd be a shift away from market intervention once inventories became low but it seems they'll continue to play stupid games until they win stupid prizes.
 
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woohoo, time to update the thread title again, AUD5100 reached and AUD5200 within striking distance.

my favourite gold coin the sovereign is now more than $1200 a pop melt :cool:, been buying them since they were $450-$500 each
 
You know in 2024 the supply of Gold was 4974 tonnes. And demand in 2024 was... Wait for it... Exactly 4974 tonnes.

I mean, thats a bit weird.

For anyone interested, here are the years gold has apparently been in a deficit;

- *2013*: 171 tonnes
- *2014*: 161 tonnes
- *2015*: 171 tonnes
- *2019*: 127 tonnes
- *2020*: 161 tonnes

And over the years the Gold market has actually seen a surplus. The years in deficit listed above don't even come close to exceeding a year of mine supply. They barely reach 25% of annual mine supply combined. But meanwhile, we have a yearly deficit in the silver market that's over 25% of annual mine supply, and the prices go sideways or down. Make it make sense!

I'm also quite surprised by the lack of transparency and data surrounding Gold supply and demand.
 
If there was ever an interest where one should not expect transparency or laws it would surely be in precious metals!
 
Sandy Gooch said:
If there was ever an interest where one should not expect transparency or laws it would surely be in precious metals!
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I feel there's every reason to have a Gold Survey like the Silver Institute does with silver.
 
Cheap.10k US. DXY is toilet paper. WW3 in Europe and tariffs in a spin . Gold very cheap at the moment
 
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I wonder how long Gold will continue to remain this high or even higher? Current AISC of Gold miners in around $1600 USD an Oz (which has dramatically increased over the last few years). Gold miners are printing money in these times. I think it's more of an indication that we're about to see some serious economic damage take place around the world.
 
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