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They still say that'll leave a mark?Is this a problem? Aksin for a fren
I suggest the bank get a loan from Zelensky.so, only 151 billion is uninsured. Not that much really when it comes to banks. A rounding error when it comes to fed gov. If they are deemed TBTF then 200 billion shows up on their books by Monday. If not then depositors take a hit.
The biggest bank failure since the 2008 great financial crisis is creating new bullish momentum in the gold market as analysts expect safe-haven demand to drive prices higher next week.
At the same time, the Kitco News Weekly Gold Survey shows that retail investors remain bullish on gold in the near term even as they maintain a conservative price outlook.
...
This week, 21 Wall Street analysts participated in the Kitco News Gold Survey. Among the participants, 16 analysts, or 76%, were bullish on gold in the near term. At the same time, three analysts, or 14%, were bearish for next week and two analysts, or 10%, saw prices trading sideways.
Meanwhile, 571 votes were cast in online polls. Of these, 340 respondents, or 60%, looked for gold to rise next week. Another 146, or 26%, said it would be lower, while 85 voters, or 15%, were neutral in the near term.
Kitco Gold Survey
Wall Street
Bullish 76%
Bearish 14%
Neutral 10%
VS
Main Street
Bullish 60%
Bearish 26%
Neutral 15%
...
Can you elaborate on what you mean just a bit here, Z?This is not your typical 'risk off' picture... maybe there is a sea change and gold plays a leading role this time.
Can you elaborate on what you mean just a bit here, Z?
Wouldn't get too excited about the metals just yet gents.
I get a database error when I try to go over there now. Is that the end of GIM2?...but you don't seem to understand. GIM has closed, now it is mandatory for gold to instantly double in price.
Go ask Alanis, she knows...
That is just how these things work.
For god sake man get with the program.
I get a database error when I try to go over there now. Is that the end of GIM2?
Done late yesterday.I get a database error when I try to go over there now. Is that the end of GIM2?
Metals appear to be catching bids at the open.
Supposedly the Fed/FDIC and everyone is panicking and looking to bailout everyone and their mom. WITH taxpayer money. I don't see that happening this time.
Anyway, in light of current events I'm looking to convert some Gold (1 oz bars) to some Silver hopefully sovereign 1 oz coins. I was thinking that a 70:1 ratio would be pretty decent for a local guy. Maybe 75:1 if generic rounds or bars. What do you think?
If they bail them out where do they stop?
+ It sends the message that contagion is the real risk here which may just destabilize the system they are trying to stabilize.
It could have a very counterintuitive effect.
I dunno!?
I'd hold onto the gold. $.02 from the peanut gallery fwiw.... Anyway, in light of current events I'm looking to convert some Gold (1 oz bars) to some Silver ... What do you think?
I agree Gold has performed admirably However silver at some stage I hope will perform, as it has in the distant past,I'd hold onto the gold. $.02 from the peanut gallery fwiw.
75:1 should be easily doable at current prices/ratios. You might even get to 75 with a less expensive sovereign coin such as a Canadian Maple. It has the potential to be an attractive play, especially if you don't mind sitting on them for a while.Supposedly the Fed/FDIC and everyone is panicking and looking to bailout everyone and their mom. WITH taxpayer money. I don't see that happening this time.
Anyway, in light of current events I'm looking to convert some Gold (1 oz bars) to some Silver hopefully sovereign 1 oz coins. I was thinking that a 70:1 ratio would be pretty decent for a local guy. Maybe 75:1 if generic rounds or bars. What do you think?
100% agree.I'd hold onto the gold. $.02 from the peanut gallery fwiw.
Reading between the lines. Back room discussions by Treasury/FED trying to hold everything together. Some talk on the web suggesting offers to buy distressed debt/instruments etc. Will have to wait and see what happens
Bail in for bond holders and shareholders?
Some form of bail out for deposit holders?
My understanding is you won't get to swap one for the other without some two way vig action in there.Anyway, in light of current events I'm looking to convert some Gold (1 oz bars) to some Silver hopefully sovereign 1 oz coins. I was thinking that a 70:1 ratio would be pretty decent for a local guy. Maybe 75:1 if generic rounds or bars. What do you think?
My understanding is you won't get to swap one for the other without some two way vig action in there.
They'll get their pound of flesh no matter what.
If I grok this correctly... You sell them your gold for cash and buy their silver for cash.
Doesn't that create a taxable event?
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