- Joined
- Aug 24, 2023
This is a big gold buyer outside of Tampa.
He's not buying gold this weekend, at all. Never before. He said it's due to tariffs, and if the US signs an agreement we'd see a yuge drop in gold and doesn't want to get stuck.
He's paying back of spot for 1 oz American Gold Eagles, which is... what he pays for stuff he usually sends to the refiner like gold bars and maples and stuff, because his distributor just had someone dump 1800 AGEs on him.
A few days ago he called silver done as far as stackers were concerned. He blames manipulation, and people getting fed up with the price dropping when the stock market fell apart due to tariff fears. Of course gold held up very well.