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Where is the gold going?

Posted on 3/22/23 at 11:48 am
Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/22/23 at 11:48 am
APMEX is sold out of most American Eagles and Maple Leafs - who the heck is buying it all?
Posted by GhostOfFreedom
Member since Jan 2021
13101 posts
Posted on 3/22/23 at 11:50 am to
I don't know, but I would love a stack of Eagles.

Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/22/23 at 11:53 am to
quote:

I don't know, but I would love a stack of Eagles.


yea I've been trying to buy some - APMEX keeps pushing the expected shipping date back.
This post was edited on 3/22/23 at 11:54 am
Posted by cusoonkpd
Big Mamou
Member since Apr 2015
1828 posts
Posted on 3/22/23 at 12:09 pm to
Try SDBullion.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57978 posts
Posted on 3/22/23 at 12:26 pm to
quote:

yea I've been trying to buy some - APMEX keeps pushing the expected shipping date back.



That's the kind of thing that makes me wonder why gold hasn't done more over the last 6-12 months.
Posted by GhostOfFreedom
Member since Jan 2021
13101 posts
Posted on 3/22/23 at 3:46 pm to
I checked MonumentMetals and saw a lot of "pre-orders" and "sold outs".

The hair on neck is standing up, now.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/22/23 at 4:06 pm to
I managed to buy 6 ounces about 2 months ago. I want to add 4 more but I can't find any. I guess I could buy Krugernads or something else - I really want AEs
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
49830 posts
Posted on 3/22/23 at 4:09 pm to
Will double in next 3 years easy
Posted by Decisions
Member since Mar 2015
1604 posts
Posted on 3/22/23 at 6:50 pm to
quote:

who the heck is buying it all?


The Asian players are most likely. I’ve heard some speculation that they and the Russians/Saudis are moving towards a gold-backed trading block.
Posted by ronricks
Member since Mar 2021
11082 posts
Posted on 3/22/23 at 6:51 pm to
Boomers. It’s their gullible target demographic.
Posted by texas tortilla
houston
Member since Dec 2015
4053 posts
Posted on 3/22/23 at 7:48 pm to
LINK this metals guy says heaviest week in his 33 year career.
Posted by Hayekian serf
GA
Member since Dec 2020
4037 posts
Posted on 3/23/23 at 8:34 am to
Don’t laugh, but check out the Walmart app.

Prices are often as good or better than JM or Apmex even though they use them as vendors.


Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/23/23 at 1:46 pm to
I'm not sure if I want to buy gold from WalMart lol
Posted by Pezzo
Member since Aug 2020
2874 posts
Posted on 3/23/23 at 3:52 pm to
its not roumors....Russia is forcing countries to buy oil in Rubles and he just recently tied the Ruble to gold. Won't be long before China does the same.

want russian oil? pay in rubles...dont have any rubles? we'll sell it to you for 5k rubles per gram

This post was edited on 3/23/23 at 3:57 pm
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3767 posts
Posted on 3/23/23 at 3:59 pm to
TOLD YOU SO.(not you specifically, but the board)
This post was edited on 3/23/23 at 4:00 pm
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57978 posts
Posted on 3/23/23 at 4:05 pm to
quote:

he just recently tied the Ruble to gold.


Can confirm.

If they start demanding oil payments in Rubles or gold once the world(ish) moratorium on Russian oil is lifted, gold will sky-fricking-rocket.
Posted by Hayekian serf
GA
Member since Dec 2020
4037 posts
Posted on 3/23/23 at 5:30 pm to
quote:

I'm not sure if I want to buy gold from WalMart


Why not?
Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/23/23 at 6:26 pm to
quote:

Why not?


It just seems a little weird.
Posted by Hayekian serf
GA
Member since Dec 2020
4037 posts
Posted on 3/23/23 at 6:27 pm to
quote:

It just seems a little weird



They ship for apmex and jm bullion.

It’s real. Unless they want to be arrested for selling fake American eagles.
This post was edited on 3/23/23 at 6:28 pm
Posted by cable
Member since Oct 2018
9735 posts
Posted on 3/24/23 at 12:19 pm to
quote:

Boomers. It’s their gullible target demographic.


I'm not a Boomer. I just like the coins. If they go up in value that would just be a bonus. I have a fairly extensive coin collect-on already. Probably too many.
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