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Skol

33,736 Posts.

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20/03/25

15:43

Post #: 78348279
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Originally posted by Dentie: ↑

FWIW, I mostly agree. I can see a whole sale sell off if big margin calls etc are tripped and the gold holdings are needed for liquidity purposes (it would be a reluctant sell off I would think). So, only a temporary drop, if any. Once free of their debt obligations, these people would probably then attempt to get back into the metals with whatever they had left.

I don't believe any big chunk upwards on the Au/Ag price is due to the geopolitical events (although if the Middle East erupts into all out war - then the price could fly north). No, I reckon this ramping of the price is mainly due to the Central Banks getting ready for the collapse of the financial system, which I also think has begun. Of course, once the everyday punter realises what is happening, they will then finally try and dive in - which will drive up the prices even further (especially gold's kid sister!!).

What ever happens to unfold, I'm holding!!

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. No, I reckon this ramping of the price is mainly due to the Central Banks getting ready for the collapse of the financial system, which I also think has begun.
-------
The collapse of the financial system has been predicted by goldbugs and the salesmen that sell them their gold coins ever since I've been here, and that's a long time.

Peter Schiff has predicted it for years, and he's never been right. So that's a clue.

Last edited by Skol: 20/03/25
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