Was in the shop this morning, always a pleasure to be helped by the fine gentlemen at the desk. Thank you for everything you're doing to keep us sane in these crazy times 👍
It’s gods money baby 🖤 first purchase of gold this year. Humbled experience, interested in also getting some silver to set aside also. Appreciate your videos and your tips
If it’s not geopolitical tensions it’s monetary policies, supply constraints or investor sentiment, these are all contributing factors to a rise gold and silver price. Central banks, especially in the Eurozone and China, have embraced monetary easing, contributing to gold’s rise. And as Michael said the U.S. Federal Reserve has taken a more cautious approach, expectations of potential rate cuts in the near future have bolstered gold prices. Lower interest rates generally make gold more attractive compared to bonds, as the opportunity cost of holding gold decreases
Well said Michael. My stack over the last 25 years has been geared towards supplmenting my retirement. Ive been bullish on bullion since i was in high school in the late 70s, where i spent my pocket money on junk food and the pinball machines. If only i knew.😅
At these prices, I'm holding back (hasn't helped I've just come back from an overseas holiday, so my powder is non-existent right now). Platinum still has my interest, but gold will need to come down, or my wages go up
Large central banks are accumulating gold to a ratio of 1 out of 8 ounces of gold coming from the ground think about that the financial system is not good. Myself i try to buy on a regular basis just in case it becomes unobtainable down the track into the future (DCA).
Only been a stacker for a short time l’m glad I found your shop , yes we are living in trouble times. Again you gave some sound advice and views on the world. Cheers to you and your team.
We're seeing a few sellbacks with the increase in spot, but they're going out faster than they're coming in. The kilo buyback tub we have in the shop was empty yesterday for the first time in a WHILE!
Haha, it's one of those "combination of a few factors" answers. Not quite as clean and simple as a 1 reason answer, but still worth trying to answer for people who are curious!
@@BullionNow I do like this precious metals caper however for me it's obviously a highly capricious historical endeavor that I just can't take it seriously enough to hold more than maybe 50K in spot............. I'm probably as anti "prepper" as one can get. My wife and I and our families are instead buying apartments/flats etc as fast as we can get them to rent out. Cheers mate!
Hmmm adjusted for who's inflation? I notice groceries prices and many of them are double what they were about 3-4 years ago but have our wages doubled in that time? - Has anyone even got a measly pay rise in that time (aside from a teeny Gov't tax break)? We've been conditioned over many years to accept low prices on the items that matter most (PM's commodities, etc.)
The price of gold and silver have been artificially manipulated and suppressed by the big western banks through futures contracts for decades, Both precious metals are way below their true USD value given the debasement of that currency. We are still a long way from what would be fair value. Don't bother trying to put a ceiling to it until we get to 5 figures for gold and a gold-silver ratio less than 30.
Hi Michael. I think it's the ongoing reckoning of Fiat currency and its devaluation. It's like 2 tectonic plates constantly pushing in opposite directions. One force is the faith in fiat currency. The other is faith in Gold. Just like tectonic plates, every now and then one pressure suddenly overcomes the other and that's what we are experiencing at present, until people feel an equilibrium of value between the current purchasing power of fiat and a weight of Gold. This is just as natural, inevitable and unstoppable as earthquakes. We might call them currencyquakes. Enjoy. Im giving this one an 8.0 😂 I expect an expected tamp down tomorrow and Tuesday before Comex options expiry on Wednesday. Then a continued rise next week.
Was in the shop this morning, always a pleasure to be helped by the fine gentlemen at the desk. Thank you for everything you're doing to keep us sane in these crazy times 👍
I can't afford to buy gold or silver at current prices , but i am panic buying 10 , 12 , 15 and 18 year old single malt Scotch Whisky !
Never made it to stacking them in a cellar.
If you manage you could get rich.
Just look what some Japanese Malts are fetching 😂
It’s gods money baby 🖤 first purchase of gold this year. Humbled experience, interested in also getting some silver to set aside also. Appreciate your videos and your tips
Very balanced message, nice to see
Gold has gone up roughly 50% in the past twelve months, with all what is happening around the world, something big is coming 🤔
Try 30%... was around $AU3100 October last year
@@2ime2shine 🫡
Incorrect. Silver is 49% and Gold is around 30%
Thanks Michael...
Thanks Michael. A very well explained generalized vid.
If it’s not geopolitical tensions it’s monetary policies, supply constraints or investor sentiment, these are all contributing factors to a rise gold and silver price. Central banks, especially in the Eurozone and China, have embraced monetary easing, contributing to gold’s rise. And as Michael said the U.S. Federal Reserve has taken a more cautious approach, expectations of potential rate cuts in the near future have bolstered gold prices. Lower interest rates generally make gold more attractive compared to bonds, as the opportunity cost of holding gold decreases
Always good hearing insights Michael. Thank you. 🤪
Thanks Michael!
Love U Guys and thanks for posting
Well said Michael. My stack over the last 25 years has been geared towards supplmenting my retirement. Ive been bullish on bullion since i was in high school in the late 70s, where i spent my pocket money on junk food and the pinball machines. If only i knew.😅
It’s not a Bullion Now video unless Michaels phone goes off.
THANKS MIKE
Very Good Advise
Great to hear you're opinion on what's happening cheers
At these prices, I'm holding back (hasn't helped I've just come back from an overseas holiday, so my powder is non-existent right now). Platinum still has my interest, but gold will need to come down, or my wages go up
Buy Buy Buy!
Great advice. Thanks
Large central banks are accumulating gold to a ratio of 1 out of 8 ounces of gold coming from the ground think about that the financial system is not good. Myself i try to buy on a regular basis just in case it becomes unobtainable down the track into the future (DCA).
Only been a stacker for a short time l’m glad I found your shop , yes we are living in trouble times. Again you gave some sound advice and views on the world. Cheers to you and your team.
How is the stock of 1kg and 1/2kg silver buybacks bars?
We're seeing a few sellbacks with the increase in spot, but they're going out faster than they're coming in. The kilo buyback tub we have in the shop was empty yesterday for the first time in a WHILE!
@@BullionNow very interesting. Thanks
Nice one ! Thank you
Great advice Michael, clears nothing up😂😂😂
Haha, it's one of those "combination of a few factors" answers. Not quite as clean and simple as a 1 reason answer, but still worth trying to answer for people who are curious!
@@BullionNow I do like this precious metals caper however for me it's obviously a highly capricious historical endeavor that I just can't take it seriously enough to hold more than maybe 50K in spot............. I'm probably as anti "prepper" as one can get. My wife and I and our families are instead buying apartments/flats etc as fast as we can get them to rent out. Cheers mate!
There's Gold in them dam hills Gold I tells ya 😮
Worrying. The great reset accelerating?
Gold is literally in uncharted territory right now, even adjusted for inflation its at it all time high ever.
Hmmm adjusted for who's inflation?
I notice groceries prices and many of them are double what they were about 3-4 years ago but have our wages doubled in that time? - Has anyone even got a measly pay rise in that time (aside from a teeny Gov't tax break)?
We've been conditioned over many years to accept low prices on the items that matter most (PM's commodities, etc.)
@@lolly_bread I'm talking back in the 60s bro
@@BadBoybBubby you sure are. get with the program.
Your comments on copper earlier on in the week definitely seem to have made an effect on my sales this week!? 🤷🙄😂
The price of gold and silver have been artificially manipulated and suppressed by the big western banks through futures contracts for decades, Both precious metals are way below their true USD value given the debasement of that currency. We are still a long way from what would be fair value. Don't bother trying to put a ceiling to it until we get to 5 figures for gold and a gold-silver ratio less than 30.
Hi Michael. I think it's the ongoing reckoning of Fiat currency and its devaluation.
It's like 2 tectonic plates constantly pushing in opposite directions. One force is the faith in fiat currency. The other is faith in Gold.
Just like tectonic plates, every now and then one pressure suddenly overcomes the other and that's what we are experiencing at present, until people feel an equilibrium of value between the current purchasing power of fiat and a weight of Gold.
This is just as natural, inevitable and unstoppable as earthquakes.
We might call them currencyquakes.
Enjoy. Im giving this one an 8.0 😂
I expect an expected tamp down tomorrow and Tuesday before Comex options expiry on Wednesday.
Then a continued rise next week.
Hi Michael, is your Pakenham store open?
Not yet. He said in a Q&A a few days ago that it's happening but they've still got lots to organise. Soon!
I don’t know if I should buy as it is so high atm pls 🙏🙏 what should I do
If want to buy, buy.
Price might drop a bit, but will always go up
Gold is always a long term hedge imo. Buy and forget.
Have the superpits arrived?
They have! The team is picking orders for them now and getting them put into storage or sent out with shipping!
🙂👊🏽
What does powder mean?
Easier for you to search the meaning of "keeping your powder dry".
Platinum has down nothing in 12 months why waste time and money on it when Silver has gone up nearly 50% in 12 months.
Whats powder mean?
Search the meaning of "keep your powder dry"
How about the opposite time to sell a % of my stack
Dumb idea 😂
🪙👀
I'm thinking a calming effect when Trump is elected. Yes gold is way overpriced.
INTEREST RATED ARE PAPER & DIGITS, SILVER & GOLD ARE MONEY.
FULL STOP