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/biz/ - Business & Finance

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17941423 No.17941423 [Reply] [Original]

How the fuck is the price of gold dropping?

>go to any gold bullion seller
>completely sold out
>nothing in stock
>obviously demand is outpacing supply significantly
>meanwhile price of gold is down over 10% in the past 2 weeks
>continues dropping 1-3% per day regardless of whether market as a whole is up or down

What the fuck is going on?

>> No.17941565

>>17941423
Maybe the idea that price is controlled by supply vs demand is bullshit, and (((gold))), like everything else is controlled from the top.

>> No.17941666

>>17941423
It's rigged.

Banks set the price overseen by a comittee. They say that they base this price on futures

>> No.17941696

>>17941423
Truth is paper gold is falling like a rock while Physical gold is skyrocketing.

>> No.17941758

>>17941423
>only goldbugs exist
Gold is used in all kinds of applications in the real world apart from hoarding, people wanting metals as a form of currency arent the only people who buy gold, if you think gold actually maintains value is because you never actually tried to sell it. You’re a drop in the bucket of gold buyers, the main buyers are industries like jewelry manufacturers and guess what few people buy luxury goods during recessions that means their business is about to go down like a rock and as such demand for gold is going down, learn that things are more complex than you realize and your reality is nothing but one tiny part of what exists

>> No.17941802

>>17941423
They are pretending it's out of stock, dumbass. If they sold it at spot at this time, they would be selling at a loss.

>> No.17941818

> central banks across the planet buy huge amounts of gold
> no physical gold available in all developed markets

gold price drops. something is very very wrong here. the question is for how long?

>> No.17941831

There is the manipulation, but also the fact that the dollar is gaining value.

>> No.17941872

Its just selling out in the west
just like toilet paper
itll go down once the boomers calm down

>> No.17942384

>>17941423
Unironically asteroid mining. Whether it comes in 20-50 years, gold will slowly keep selling off towards this ineveitatability

>> No.17942659

>>17941423
Retail investors (retards) are buying. Of course the price is going to drop.

>> No.17944187

Boomer Stockers are selling like crazy their paper gold and silver.
Price keeps dropping because they are all selling.

Bullion dealers get bombarded with buyers wanting the chepear gold but they dont have enough stock gold for such influx.

Some stop selling and have to wait for restock, meanwhile price keeps dropping as boomers keep selling to save their asses from the stock crash.

Truth is, you cant save the market from crashing, this has just begun. Gold will keep droppin, I say until around $900 bucks even, I might buy before at $1100 just in case.
Thing is, eventually Physical will be more valuable than paper gold, and thats when things get fun.

>> No.17944209

>>17941423
If I sold gold right now i'd sure as hell would pretend I'm out of stock.

>> No.17944227

>>17941423
Can you drink gold?

>> No.17944292

>>17941423
Kek I don’t know how every goldfag hasn’t necked themselves yet
>hold and shill gold for years preparing for economic collapse while missing out on monstrous gains
>economy finally collapses
>gold nose dives just like everything else
My sides

>> No.17944330

>>17941872
We all going to die and world will be different get ready

>> No.17944356
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17944356

>>17941423
>it’s a moron who just now realizes that paper and physical are not the same thread

>> No.17944366

>>17941423
Boomers are selling all of their ETFs and futures contracts because their stonks crashed.

>> No.17944376

>>17941758
This

>> No.17944408
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17944408

>>17941423
People in France were literally exploding from joy as Hitler started running over France. They thought this would be good for the market, and of course there were a bunch of faggots buying gold too.
Gold is the past. This is the last time I am wasting energy on typing this fucking argument. I made this mistake once and it costed me dearly.. I see why you faggots think it is a good idea, solid, tangible and almost logical that people looking for safety will buy gold. Thing is, the people who would actually think this are all poorfags, with literally zero buying power, and will simply not buy gold on the market but buy some cheap-ass jewelry laying around. Gold used to be The Currency. Those times are fucking over. In fact, it seems like that soon even the fucking Dollar's days are over, and buying gold at a time like this while it is obvious, that the old system is approximately 2 steps away from complete collapse is beyond retarded. Try and be creative instead of clinging to some old boomerfags advice how the markets should react and put your money into something that will actually have value if you really are so afraid of a crash, like buy yourself a house so that you don't have problem where to live, or a few cans of kidney beans if you are that much of a pussyfag. Heck, even buying TP or hand sanitizers is better than buying Fucking GOLD you retards. Stop living in the Past.

>> No.17944489

>>17944187
Happening sooner than you think. Silver is already decoupled from the market price. Been seeing $20-$24 per oz. A 100% premium over the theoretical price.

>> No.17944492

M A N I P U L A T I ON

>> No.17944551

>>17941423
Physical gold market =/= Potential/Stored gold market

>> No.17944570

>>17944408
I invest in whiskey barrels bro.
I am ahead of the curve.

>> No.17944666

>>17944408
What do you recommend buying then?

>> No.17944683

>>17941802
This..

>> No.17945000
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17945000

>>17944666
TP

>> No.17945037

Google Gold fixing you retard and stop believing in fairy tales

>> No.17945102

>>17941423
Dealers are a business. They purchase their commodities at a certain price and the need to sell it at a certain price to profit from it. It's called overhead. This price shock is such that they need to jack up the premiums in order to profit and sustain their business.

>> No.17945227

>>17941758
>he thinks I want to sell my gold during the depression
Why the FUCK would you go back to fiat during a depression, or worse during (hyper)inflation? How retarded is /biz/?

>> No.17945344

>>17941696
This. Fuck them kikes

>> No.17945447

>>17941423
It's because of increased demand for dollars during this crisis period. Gold is one of the few assets that maintains high liquidity during a crisis and there's a market for it. Holders of gold are selling to get dollars.

>> No.17945714

Read article that said its because all the boomers at risk are selling gold to make up for their losses in their stupid 401k and dumb investments. Once the sell off is done the smart people will buy and make it skyrocket.