What To Do When Conflict Impacts The Gold Price...
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- Опубликовано: 7 окт 2023
- Michael is back, and right as he gets back we've seen a jump in spot price due to events overseas. In this non financial advice video, Michael discusses what you should do when conflicts impact the price of gold!
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Welcome back. Price always goes up & down. I rather just buy a little on a regular basis & not give it too much thought
I do the same but buy alot more on the dips.
Great advice. For me, rather than saving in the bank, buying is saving. Regardless of price, I commit a small portion to save every month for decades.
Dealer is asking you to stay calm and not to buy whilst it's cheap
JOKES ....you're good mate thanks for the good video 👍
They will run out of certain items again
I'll just keep my eyes on the Lunar prize, temptation is always around every corner of course, but never falling for FOMO. I can't control either the weather, or the gold price.
Good advice. It's actually a really difficult problem not just for Michael. Currently the idiots who coded the rules into the bullion banks', algo-driven futures trading desks have been too focused on XAU:USD pair. Long USD therefore short gold but I think that will decouple soon. Inflation will sharply turn up again because oil will almost certainly explode higher.
This situation as horrifying and tragic as it is this won't go away easily - it's going to escalate. You don't declare war then sit back and let things be. The Israelis will be planning a counter offensive and the US is going to be dragged into another battle here. That means the Saudis, Qataris, Iranians, Syrians and everyone connected with them .... ie the BRICS++ nations (maybe with the exception of India) are going to dump US Treasuries and that means the commodity currency economic hyper-war is on. The only beneficiary there is gold.
It also gives Russia an excellent excuse to issue a new gold ruble, say 5000 RUB to the gram. If that happens good luck getting your hands on any gold. With the bleed out of the COMEX and LBMA at the moment gold may go bid only!
Unallocated at BN is an option as well to prevent paying extra premiums when buying in small chunks
I was broke anyways to buy in the dip. Coming up in a rush again. I’ll just buy and store it with Bullion Now as my normal DCA purchasing. It’s funny because I’ll be in Melbourne on Thursday for a few days but won’t be able to come into my favourite shop. 😉😂
Im buying ! I think with all that is happening .. demand for metals will only rise
We've got a couple of recent events to use a guide too. We've had the invasion of Ukraine, and the bank crashes in the US, that can give us a feel for what might happen. Obviously every event, and it's effects on the markets, is unique however
Great video and advice. Thank you. Hope to see some new releases this week
Glad I kept some USD from a trip last year. I try and buy Bullion every two months without regard to prices. Hoping over the mid term I’ll win more than lose.
Thanks guyz❤
great insight thumbs up
Thanks Michael ... good insights
Please make an unboxing for the 5oz Super Pit.
Interesting
Thank you Michael. 🍻
Nice to see you back on camera mate. ❤ great video super informative
Keep stacking
there will be one more short but significant dip then a run up
So has it been crowded at BN today?
Big time!
Damm I really wanted to get a new quokka coin I got 2022 quokka last week
@@BullionNowInteresting. Was it the same when it first started in Ukraine?
How do you hedge over the weekend?
Don’t allow themselves to be long or short by close of business
They have said in many videos that they hedge almost daily, because of unallocated & the massive amount of stock they have in the pipeline.
Unless the world ends I wouldn't be too concerned in the short term, even the start of the Ukraine war Nickel went from 20k to 100k almost in a week and now it's back to 20k, gas, oil, coal all fluctuated high and low and now pretty stable. Shit happens
Not in this case. The market is way underpricing the risk of this turning into the event which really sets the entire gold backed currency into motion while shorting US Treasuries right when inflation is rising again. With rates at 5% and the mortgage and prime rate in the 8%+ range, that is an awful combination. Nickel did break but it's a tiny, tiny market. Gold and silver are openly traded forex crosses and the futures market is going to rely on massive liquidity from the Fed via the primary dealers to tamp down prices. JPM have a lot of history there.
@AndyGraceMedia the US is shorting itself by spending 500 billion in 2 weeks lol
As of today silver and gold actually made a break and went up $150 pretty much over night but that happened during the start of the year with the banking collapses.. people have a short memory and will forget it once things settle down
prices were just getting back into buy range 😫
Your other option is to read hitchhikers guide to the galaxy
I debated heavily throwing up a picture of the book for a second...
Whatever you do, don't put it in a Swiss bank!
Welcome back mate🦍🦍.
This is not financial advice, but here's some financial advice.
Michael is back from holidays and Israel is back at war suddenly ...
If the FOMO driven herd get a sniff of it there won't be anything left for the procrastinator to buy..