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Other Stuff => Other Topics => Topic started by: EL34 on April 02, 2024, 11:44:56 am
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Just curious if anyone here watches Gold and Silver?
The dollar loses value while Gold goes up.
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I've been waqtching it.. wonder how high it will go and also wonder why silver isn't keeping pace.. silver is still pretty affordable.
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Silver has been catching up a bit lately, but it is considered a industrial metal more than Gold as a financial instrument.
Governments and big institutions hold Gold
I doubt they hold silver?
But Silver is more affordable for every day people.
Silvers chart definitely does not look as good as Gold
More sideways action than up.
But I think it will do better down the road
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I've been watching it.. wonder how high it will go
The government prints money out of thin air.
So the value of the dollar goes down because there are more of them
People think inflation is some mystery
It happens because the government printing money and making it worth less.
Hard to say how high Gold will go
It's worth way more than the $35 per ounce it was many years ago
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Silver is more affordable for every day people.
since I resemble that remark...
I've been buying n sellin silver since I was 14
just went to the bullion store last week and picked up 3 oz.
the last 10 years i've been "converting" paper slowly, not so much as a "capital" investment but as an alternative to paper when the 21st century has it's '29 moment.
I have 2 5 pound blocks of lead n the guy down the street has a small kiln n "projectile" press, figure we'll barter over chicken n such :laugh:
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When the dollar crashes, how is the everyday guy going to spend gold in the market? An ounce may be way to much to spend on everyday needs. I like the onces or gram offeringings that can be split into smaller pieces to be able to use easily. Silver offers an advantage in this case, everyday spending on commodities. Some companies are offering gold and silver notes, and some have gold threaded into them.
Also there's that fact that smaller demoninations of gold bullion are priced with way higher premiums, which to some is very discouraging.
Lots of people invest in gold IRAs and precious metal funds. Those can be as risky as the stock and commodities markets. Holding preciouse metals is a better way to go. I notice companies offering storage of physical bullion, for a cost, some like the new Money Metals depository seem to be alluring.
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90% Constitutional silver coins are smaller denominations than a 1 ounce Gold coin
Much easier to trade a silver dime than a Gold coin
At $25.91 silver today
A 1964 and earlier dime is worth $1.87
A 1964 and earlier quarter is worth $4.68
http://coinapps.com/silver/quarter/calculator/ (http://coinapps.com/silver/quarter/calculator/)
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When the dollar crashes, how is the everyday guy going to spend gold in the market? An ounce may be way to much to spend on everyday needs. I like the onces or gram offeringings that can be split into smaller pieces to be able to use easily. Silver offers an advantage in this case, everyday spending on commodities. Some companies are offering gold and silver notes, and some have gold threaded into them.
Also there's that fact that smaller demoninations of gold bullion are priced with way higher premiums, which to some is very discouraging.
Lots of people invest in gold IRAs and precious metal funds. Those can be as risky as the stock and commodities markets. Holding preciouse metals is a better way to go. I notice companies offering storage of physical bullion, for a cost, some like the new Money Metals depository seem to be alluring.
Full one ounce Gold coins are like $100 bills I suppose
You still need ones, fives, tens and twenties in your wallet
So if you have a bunch of Gold like banks and governments, you have big bars
Serious Gold bugs buy bars and 1 ounce coins
If you have 100K in Gold, you would not be buying small coins
If you don't have much Gold, you would probably buy smaller Gold coins.
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how is the everyday guy going to spend gold in the market?
:laugh:
if we get to bullion as a currency, "the market" will be the farmers market, circa 1880's. You'd be surprised at the "currency" that can be used there, currently.
working the beerBaitnGas the last 10 years, (now officially retired from there, new owners.) the locals would ask "What's new?" "Oh I'm working on my 1880's life with gas horses and limited WiFi"
I heat with wood, started cooking all my meals on it in December, shut it down yesterday, end of heating season, used the electric stove for the 1st time since dec, got up a 8AM this morn and stoked it up to cook!! I forgot to turn off the electric stove when I was done, the cook times were way to "fast" on it, food tasted funny.... doesn't take long to find "the simple life" :icon_biggrin:
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These are proabably the most beautiful silver coins I have come across.. and xcellent purity the background is mirror finish really nice in person
https://www.moneymetals.com/koala-1-oz-silver/116
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Shooter my grandparents went through the 1929 depression. He was a dentist and people paid him with anything they could trade for services. So I'm keen on the farmers market and trading and you're right that will be how people live, through barter. I think there will still be a need for precious metals in small quantities for larger purchases. You've read the old testament haven't you.
EL34 even though the feds have shut down mining in many of it's forms because of "the environment" there will be people out there prospecting and disregarding the law. They already do it, it will be much worse. Is there a new gold rush on the horizon? Maybe.
And I'll stop there.. might be heading into forum unsafe territory.
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Thing is, USD has been up when compared to all (?) the other major currencies.
Blame it on the Ayatollah . . . or Putin . . . or whomever.
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These are proabably the most beautiful silver coins I have come across.. and xcellent purity the background is mirror finish really nice in person
https://www.moneymetals.com/koala-1-oz-silver/116 (https://www.moneymetals.com/koala-1-oz-silver/116)
Yeah, those look great!
Eagles, Maple Leafs, Buffalo and Philharmonic are what I have
I started gathering many years ago at lower prices
I was into silver way back when the Hunt brothers cornered the market and drove the price up to $50
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Thing is, USD has been up when compared to all (?) the other major currencies.
Blame it on the Ayatollah . . . or Putin . . . or whomever.
The dollar is the world reserve currency, but I don't follow currency markets.
BRICS is trying to get around that.
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BRIC. (a BRAC). They wish. Someday probably they will, but not for awhile yet. :icon_biggrin:
Yeah, it's been kinda weird. I do follow the currency markets, albeit from a distance, but it's been interesting to watch the dollar do well against the major currencies this past year.
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Not sure how measuring one FIAT currency against another has any benefit?
To me, it's about like comparing one apple against another
Both are in different states of decay
Both are decaying, one is just ahead of the other
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there will be people out there prospecting and disregarding the law. They already do it
one of the former Presidents decided to close ALL national parks, and forests. I was out in the high desert, road-side park in a National forest, the gate was locked, got my gear, pan's n metal detector. 3 cars of families were there just looking at the locked gate. One guy asked me "Is it ok to be here?"
I laughed said yep, we own it, there just won't be any Guvmint officials to tell you how to properly picnic.. I panned for an hour, ran the detector for an hour, perfect day. Heading back I saw 7-10 families all enjoying their picnics, kids laughing n playing.
these are a couple rounds i've bought, sorry for the blur, to much caffeine, not enough food
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The buffalo's are cheaper to buy because they have less of a premium
The Liberty rounds are the most expensive of the normal non custom types
Maples are between those two in the premium
I bought that American prospector back in 1984
The liberties look the coolest to me with that matte finish
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the store I buy from has been in the community since the '70s. I pay between Spot+$1 to spot +$4 for "custom rounds". I asked one time since the 1-4 didn't seem to "align" with anything about the coins or press, Scot said, "It's based on that 'ol fashion thing called supply n demand" we laughed.
lunch is served, BBQ pork n Noodles, like it has been since the Iron-age :icon_biggrin:
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Some crazy Gold action going on today
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Thing is, USD has been up when compared to all (?) the other major currencies.
Blame it on the Ayatollah . . . or Putin . . . or whomever.
Comparing currencies to each other is not the same thing as dollar value
That is just one rotten FIAT currency compared to another one
You can't spend that
A $5.00 bag of apples is now $6.00, that is inflation because of government money printing.
That is a loss of dollar value and affects us all at the grocery store. :icon_biggrin:
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:laugh:
i save ~~~ $15 a month by cooking with wood, I use the $15 i didn't pay the electric man to pay the inflation man, what a world.
I've been buying/selling this obscure Canadian mining company that mines south of the American boarder since their original IPO
I use the ~~~ $100 a year I make in small trades to buy bullets, since it's all earthly metals :icon_biggrin:
and yep, MISSED this run-up so gotta sit it out.
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Mining stocks are moving now because of gold and silver moving up
I have over 10 mining stocks that I forgot about
At one time they were worth way more than they are right now
I should have cashed in years ago
At this point, I will just sit and wait again.
Maybe I can remember to check on them more often. :dontknow:
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I should have cashed in years ago
I started "retail day-trading" in the '90s, after the smart kids that my Company used for our 401K lost me $80k and they had the gull to say "hang on to it, it'll come back", fool me once.
now that I have no real income coming in it's down to 1 or 2 small buys, never hold more than a month. I'll take the 5% loss to free the capital for a 7% gain and be happy
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Holy smokes, look at Gold now
There's bound to be a correction soon after this rise
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I heard the Dogecoin boys were selling and buying gold . . . maybe? :laugh:
I tend to agree with Doug. However, when a correction will happen, I have no clue. I've watched gold go up and down like a yoyo for the past 45 years, and while I understand some of the factors involved, I sure don't 'really' understand it.
The big economic issues right now, it seems to me, are the big disruptions in supply chains from the Iranians (aka Houthis), the Panama Canal drought, and the bridge that just got taken out up the road from me. Not to mention Putin's war.
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However, when a correction will happen, I have no clue.
nobody really does anymore
prior to 2000 humans made most of the trades, with some semblance of "Logic", market trends, etal. Post 2000, specialized algorithms do all "the heavy lifting" the computer will make 1,000's of "micro-trades" a minute. The human overlord simply sets the "min-Max" and the computer takes care of making it happen.
There was a great, real-time example a few years back when a group of "Reddit"(?) investors started shorting the "big-boyz" I watched the tickers move so fast, most "home-software" sorta hung up. I jumped in for $100, within 30 seconds I sold for $160, jumped back in for $100, lost $80 20 seconds later, jumped out, treated my fingers for burns :icon_biggrin:
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Corrections are just part of a market.
People get into buying frenzies until a certain price.
Then buyers retreat and so the price goes back down to some support level.
If the support level holds, it will probably start back up again
If the support level is breached, it will most likely go down.
Can't predict that with 100% certainty, but charts reveal market sentiments most of the time.
So in the image below, when the price breached that upper line, that's a buy signal
That upper line may now become a support level
Gold may retreat to that upper line
If it holds there, that may start another buy
It it breaches, it may retreat down to the lower support line
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yep, that's been the "classic" model we all learn, the software trades use something quite different. They typically "predict" a trend before we have our 1st coffee, make more short-term cash by noon than a human could in a full day of charts n graphs.
Humans can and still do "make it work", once you've followed a single ticker long enough, you just know the Buy/sell lines....Until the unexpected.
EXK has always been a good buy at ~~ $1.50, sell at $1.80. once you "miss" a break-out, STAY out til it quits being anomalist.
one article I haven't got around to reading yet, may indicate "why" the metals jump; Headline was something like "Federal reserve is operating in the RED for the 1st time" true/false??, only Orwell knows any more :icon_biggrin:
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Silver went up a couple of bucks too. Some folks have been saying silver has been underpriced for quite a while.
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Silver went up a couple of bucks too. Some folks have been saying silver has been underpriced for quite a while.
Yeah, the Gold to Silver price ratio is way off, for sure
Gold $2295 and silver $27.11 currently
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Silver chart is moving now though
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IIRC there was indications about 5 years back that "major players" were artificially manipulating Silver. My "load" of silver has an Avg price I paid at about $19. If it was an investment, I'd probably cash out if it hit $30, but it's not a "capital" investment, so i'll just hold for now.
last time I did cash out, silver hit like $40, made $500 profit, bought the "gun of my dreams" a Winchester Model 94 lever action 3030, a hundred rounds. That was way before these stupid years we're in.
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Silver's chart is interesting
It has just broke through some overhead resistance
But it looks like there is another level above that one that it may challenge
We may see Silver make a run also?
Anything can happen
Just a interesting chart observance.
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one of the "interesting" things I like to look at on charts, the dates things happen. You can almost always find a "corollary" to a news report, finding valid news reports is becoming a crapshoot at best.
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I heard about the US yesteryears saturating the currency market with unstained printed dollars (eurodollars) and Charles de Gaulle buying gold with this "currency". I remember back in the mid 70's (during Pompidou's time) it de-valuated the "real" dollar and raised the price of gold. Obviously not what's driving the market today... Just interesting trivia...
Eurodollars: https://en.wikipedia.org/wiki/Eurodollar
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I don't have much optimism on things to come
The excessive money printing and huge spike in the dept and the interest on that is not going to go well.
Politicians think they have an endless check book and have no business spending money we don't have
As much as some people liked to mock Charlie Munger, I think he was correct on many things
Charlie has passed now, but here is his assessment of what we have to look forward to.
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March marked the 56th consecutive month with > a million firearms purchase background checks.
On a lighter note, the garlic I planted in October is going block-busters, vampires beware! :icon_biggrin:
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March marked the 56th consecutive month with > a million firearms purchase background checks.
On a lighter note, the garlic I planted in October is going block-busters, vampires beware! :icon_biggrin:
I did all my shopping back when Obama started his gun grabbing BS back in 2012
I have a buddy who is a firearms builder and license seller
The efforts to take away our 1st and 2nd amendment rights have kicked into high gear once again
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I have a buddy who is a firearms builder and license seller
my neighbor was one, He had an indoor archery range, 3d archery, sold gun parts n kits. Don't know "the story" but he no longer has either, didn't do time but musta run afoul of the men in black. This was late '90's He specializes in Coon dogs, breeds trains, sells for thousands across America.
I've always been just a couple long guns guy til a few years back, Now I have my CPL, the 21st century has become (Your favorite words here)
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Glock 9's, Mossbergs 12ga, AR15's, Diamondback 380'ss are brands I am familiar with :icon_biggrin:
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:laugh:
I lean a little foreign, RIA tactical urban 12, Rossi 410, American's I know, Taurus, Winchester and Mossberg
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Geez you guys.
I lean on a combination of rye and a bit of vermouth myself. That's all it takes now.
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:laugh:
and now we have my silver dealers "3B's" of the apocalypse Bullion, Bullets, n Booze. Life is good.
I like my herbal garden arthritis med myself, so when were were talking about the "B's" I asked if it was ok to sub-in Bud for Booze :icon_biggrin:
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depends on how you're taking it
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Gold and Silver ended the week with a bang
I was expecting a selloff after such a rise
Silver is approaching that overhead line I drew in a previous post
If it breaks though that line, it will take off big time
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the EXK stock, dropped for most of the day, 3-4%, then about 3pm went positive 2.8%, I smell a breakout
I'm looking at 2020 data compared to 2024, there's a LOT of upward left before it hit's 2020 levels.
"news" rumblings are weirdly like 2020 also, sure hope they don't tell me this time, I can fish from my sailboat but NOT my Bass boat :laugh:
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Tons of people who can't really afford Gold buy Silver
When metals hit the news again and all those people start buying again there should be a another bull market.
Funny how I used to see all the commercials about Gold and telling people to sell their Gold jewelry and other items
The silly commercials trying to sell overpriced coin sets and other goofy products that contained some Gold.
Silver and Gold clad garbage, not the real deal.
I don't see commercials any more cause I stream everything now but I am sure it will start up again.
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my local radio has many adds a day "we buy old jewelry..."
"production" verses "sales" sorta...
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looks like Silver is gonna break out, and i'm a day late n dollar short :icon_biggrin:
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yeah, it is up against that overhead resistance
If it breaks through, hang on
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Funny how I used to see all the commercials about Gold and telling people to sell their Gold jewelry and other items
My sense is that the commercials always try to get you to buy on a peak!
So when I hear these on Sirius, I know the fall is just around the corner.
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It's not there yet.
The prices would only fall back to some support level.
Here is a chart going back to 2016.
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And here is the Consumer Price Index : Purchasing Power of the Consumer Dollar
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:l2:
it's either laugh or cry, me, I just planted another row of wheat, Read in a BOOK somewhere; a loaf of bread will be worth a days wages :icon_biggrin:
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This always fascinated me
History Shows Price of an Ounce of Gold Equals Price of a Decent Men's Suit
I wonder if it still holds true
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A $5.00 bag of apples is now $6.00, that is inflation because of government money printing.
That is a loss of dollar value and affects us all at the grocery store. :icon_biggrin:
That's a big part it, printing money. But all that covid money they released into the economy is also a big part of the inflation. Which is part of why their printing so much money. Too much money released too quickly into the economy, not enough product in stock to buy with all that money. Supply and demand, price goes up. All that money in circulation dilutes the value of the dollar.
And when crude oil goes up prices go up on everything. Everything has to be trucked, flown, put on a ship or headed down rail road tracks. Farmers, plant and animal, use fuel to plow, plant, fertilize, harvest, and ship to market. All raw materials taken out of the ground, same thing. All factories, for food, bakeries, anyone building anything, etc., same thing, buy the raw materials, parts, ingredients, it's shipped to them, they build, then ship to the buyer.
Put those 3 together and we have record inflation. :BangHead: :cussing:
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The money supply is the reason
Rising prices is because of inflation
Here's the IMF definition from their web site
Long-lasting episodes of high inflation are often the result of lax monetary policy.
If the money supply grows too big relative to the size of an economy, the unit value of the currency diminishes.
in other words, its purchasing power falls and prices rise.
This relationship between the money supply and the size of the economy is called the quantity theory of money and is one of the oldest hypotheses in economics
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one of the oldest hypotheses in economics
it's all "theory", unlike physics, mathematics where we have "laws", economics is like a continually changing set of variables.
supply/demand is probably the closest we've ever got to a "law" in economics.
and ya, you can get a quality suit for $2,500. You can save 95% by buying from goodwill or Salvation army. My "day-job" required jacket, dress pants n tie. I could buy 5 "outfits" for about $80 in the 90's. The tie's always came from the Antique stores the Mrs. liked to frequent, 40's French silk ~$10
WIDE 60's colorful for about $5.
I was walking across our parking lot, a guy parked, waiting for a patient calls me over, want's to buy my tie, made $20. :laugh:
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There's no theory
Inflation is because the government prints money
This increases the money supply and makes the value of each dollar less
More of something = it is worth less
There is one original mona lisa
If there were 20 trillion of them, how much would they be worth?
It takes more dollars to buy the same thing because they are worth less that they were.
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Inflation is because the government prints money
This increases the money supply and makes the value of each dollar less.
Well, I don't think that explains the whole story.
Assume a "stable" monetary policy (whatever that means). Then you have the Houthi's choke off the Red Sea, large container ships are constrained in the Panama Canal, Russia goes to war in Ukraine (and gets an oil semi-embargo slapped on). Of course prices are going to rise!
Just wait until China starts a war over Taiwan. Then you're going to see serious inflation . . .
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This is probably one of the best, shortest primers on inflation I have read: https://graymirror.substack.com/p/the-inflation-economy
That “inflation is always and everywhere a monetary phenomenon” basically holds true.
This thread and some recent market movements has me wanting to exchange some of my federal reserve notes for old fashioned metal.
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More of something = it is worth less
agreed, supply (side) got flooded (money). the demand (side) is where the variables keep changing. add 33 "states" worth of "new" people, Geo-political saber rattlin, product shortages/disruption, it all becomes a complex equation with no solution, yet.
interest is an interesting "variable" it would assume with "infinite money" interest would be zero, not 10%. The reason, "fed". They alone get to define "the math" Money, value, left to it's own, natural progression would become logical, easy to accept and understand.
so, I agree, it is a Federal Government ALONE that has caused this insane "equation", me and the neighbor are quite happy buying n selling chickens at "prices" that we both find acceptable, Gov isn't in the "pricing", geo-politics doesn't matter, what Billy-Bob pays in his neighborhood, no effect.
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My mining stocks are moving up again
I need to keep an eye on them this time :icon_biggrin:
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here's the last 30 day results from "whatever" is doing the driving
does appear Silver is meeting a pretty strong resistance at around $28
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Inflation is because the government prints money
This increases the money supply and makes the value of each dollar less
More of something = it is worth less
I agree. And I said that they dilute the dollar when printing money. Supply and demand, too much money in circulation and not enough goods available to buy.
But printing money is not the single and only reason for inflation.
The government also has borrowed 100's of billions from China. That's where the covid money mostly came from. Yes, their printing money to pay it back, well some of it, but they released those 100's of billions, actually trillions, in a relatively short time, a few years, into the market. They couldn't print it that fast.
And 100's of millions, perhaps billions of that covid money is still just sitting in bank accounts somewhere. State, city governments are sitting on some of it, teachers union are sitting on some of it, etc. So there could still be more inflation to come, or not go down, depending on how much is being held back from the market and how fast it gets released some day?
And when crude goes up, the price of everything goes up, that's inflation too. If the price goes up on something it's price is inflated.
They've been printing money all along, but when these other 2 things were added to the mix at the same time, we got hit with record inflation. Highest it's been in what 60 years?
It seems the elected officials don't care about inflation because they have enough money to be effectively insulated from it and don't even feel it.
We are on the path, by printing money, to needing a wheel barrel full of paper dollars to buy a loaf of bread. We're coming up very quickly on the $35 trillion mark.
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here's the last 30 day results from "whatever" is doing the driving
does appear Silver is meeting a pretty strong resistance at around $28
Yeah, and crude is going up again. And they announced, a week or 2 ago, that inflation is going up, not down.
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This Documentary opened my eyes to the big picture in 2012
If you have never seen this, I highly suggest watching it.
It is worth the time
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to add to your video, this today from a "trusted"? person I follow
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Peter Schiff lays all that out in this PDB podcastHe mentions all of the things you posted
I watched all of it last nightIt's worth a watch
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didn't listen yet, the headline "will bitcoin...."
as an investment when it 1st hit the market, I thought it was an amazing form of "barter" as an alternative to USD. Now that there's a good probability the lights go out for long-time, Bitcoin seems no different than a useless USD as an investment.
guy down the road, was able to capitalize on it, made $10k+ in actual cash. He pulled out the initial investment, the rest Him n the Mrs. had some fun, the leftover he invested in bullet propelling platforms:) n bullion.
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I don't buy Bitcoin
You may get lucky and make some money in it.But at the end of the day, it is nothing.
The only value is what everyone thinks it is worth.
If you can't hold it in your hand, I am not interested.
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Caught my eye . . .
https://www.nytimes.com/2024/04/11/business/costco-gold-bars.html?smid=url-share (https://www.nytimes.com/2024/04/11/business/costco-gold-bars.html?smid=url-share)
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gold and silver taking off today ? maybe
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gold and silver taking off today ? maybe
Holy smokes, yes they are!!
I was expecting a pullback to a support level
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Caught my eye . . .
https://www.nytimes.com/2024/04/11/business/costco-gold-bars.html?smid=url-share (https://www.nytimes.com/2024/04/11/business/costco-gold-bars.html?smid=url-share)
That's wild
Costco selling gold bars!
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was listening to the talking radio this morning
the consciences was "You really don't want Gold at $3000, it's an indication that EVERYTHING else in the world has gone to sheeet."
Common saying "History doesn't repeat, but it does rhyme "
the mid to late 70's economy is playing back in my brain-track, 18% inflation, gas, groceries, housing, geo-poly-stuff.
my "hedge" back then was join the Military, you get food, shelter and GUNS :icon_biggrin:
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I doubt it stops at $3k
Institutions, Governments and people all buy Gold
You could see it go way higher than 3k
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oh, I have no doubt, I've seen silver hit $42 in very short order, interest rates drop from 10% to 3.5% in very short order. seen stuff go the other way also, like now.
this graphic was in my feed, got me to thinking "relatively"
my career fell mainly between "stag-flation" '70's to "war on Terror" early 2014. So, what the Dollar was worth in 1900, didn't have any "real" value/calculation on the Dollars I earned for my labor.
what I had then, that i don't now, confidence. confidence in the "system" that controls "economics", I have zero confidence in it now.
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Yesterdays action looks an awful lot like the action on the left side of the graph
I imagine there may be a pull back coming
Or not
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read somewhere, unverified; the BRICS are now buying/hording silver on top of gold, at an "aggressive" rate.
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Governments have been buying Gold for many yearsI remember all that going on when I first got wise back in 2012
Smart money will get away from the dollar as it looses value
And it may not be the reserve currency some day.
How money became worthless video I posted above explains all of that
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There's this info on India importing silver.. https://www.moneymetals.com/news/2024/04/11/indian-silver-imports-surge-to-record-levels-003116 (https://www.moneymetals.com/news/2024/04/11/indian-silver-imports-surge-to-record-levels-003116)
meanwhile Bidens implementation of the 30x30 plan will lock up miliions of acres of land in the western states and put them off limits for mining and oil and gas production...
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Yeah, this current government must go
The rights guaranteed to us are being threatened
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:laugh:
oh, they're already gone, the masses just haven't figured it out yet.
we live under the "pretense" of freedom. It's the same "relativity" of the Dollar, my money in 1980's earning "looked good" but compare it to 1900, it sucked. "Freedoms" are much the same.
was thinking awhile back "how far could I travel without ""Guvmint permission"??
you can't get very far :icon_biggrin:
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Nah,There are people fighting to save our rights
It's a fight for sure, but people are waking up.
Elon bought Twitter to restore free speech on Twitter.
He lived in South Africa and came here because we have the 1st amendment (Free Speech)
They uncovered Sheet loads of documents where the feds were forcing social media to suppress Covid and elections post.
Twitter, Google and Facebook were all involved
That's some illegal crap they were doing
You have many people involved in saving our 2nd amendment rights also.The left is hell bent on de arming lawful citizens
Your rights were given to you by being born in the US
The Federal Government does not give you those rights and they cannot take them away.
Don't give up, it ain't over yet
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:laugh:
oh, I haven't given up, except for Federal government, I've been watching BOTH sides since I was 16 steal, lie, n cheat their way to amazing zillion dollar careers on my dime.
my "rights" were granted long before 1776, those wise Gentlemen just seen fit to incorporate those "rights" into a founding document for all Citizens.
they also penned (paraphrased) "without Moral and Honest men protecting these documents, they will become useless"
at last count; for every ONE "moral an honest" there are ~~150 immoral and dis-honest"
I sleep well knowing my street WILL protect n defend, sadly it's 1 1/2 miles long with about 80 people. :icon_biggrin:
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looks like there's a small pull-back in silver, looking back in time, seems a large run-up could still materialize
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Looks like it's up against a resistance line going back a couple years
I think it will bust through thatIt may retrace a bit and have another go at it.
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yep, expecting it to drop to around $25-$26, If so, I'll probably head to the bullion store for a couple more oz's. IF it does break-out then it'll be the bullet store :icon_biggrin:
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$26 looks like a good support area
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meanwhile Bidens implementation of the 30x30 plan will lock up miliions of acres of land in the western states and put them off limits for mining and oil and gas production...
Yeah, that's a problem. No law that put's a limit on how much land the government can take as Federal parks and such.
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That's just one of the things that the federal gov is doing or allowing
Restricting free speech on social networks
Removing the right to bear arms and disarm law abiding citizens
Illegal immigration nightmare trying to get them to vote for them
Not to mention all the left wing crap like saying children can transgender
Jan 6 plants in the crowns by the FBI and stiring up hate before that on forums
Prosecuting political opponents
De funding the police
All the crap going on in dem cities
Letting criminals and illegal immigrants go after they have been arrested
Anti Israel pro Hamas crap
Shop lifting crimes are no longer a crime
The list is longer than this
Anyone who votes for that party this fall must be watching the main stream media that is not giving them all the info
I hope people wake up and vote to get rid of this current mess
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I'm in the camp "this mess..." can't be voted out, I'll vote, mostly as a "middle finger" thing. corruption is way deeper than any elected official can do much about. It's the "fall of Rome, American style."
as for "restricted lands", you'd be surprised at how little "enforcement" there is, nobody in Guv, wants to go past the paved roads. with a jeep n quad, you could spend a week in almost ANY back-country "federal park" and not see another human, let alone a Fed-LEO.
my barn doors 2016, then "downgraded" in 2022, then "small hope" in 24
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looks like silver is trying to make a break for it...again!
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Looks good after the recent profit taking
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Gold is Sam Bankman-Fried's husband and cell mate.
There is rumor afoot of a massive physical bullion transfer from Moldova to London. An echo of the transfer from Kiev to New York that happened in 2014.
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Once the "big" players get OUT of the game, there should be a bump for us 'lil folk.
read somewhere a few "nation-States" that had our Fed-guvmint hold their bullion "for safe keeping" are now asking for it back.
cashed my tax check today, Lady asked how I wanted the money, "Silver bullion would be great" I got a laugh. They know, the bank I use Is one of the last private family banks left in the state 1 main office, 2 branches, down from 10 branches in "the good-ol-days".
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maybe we break though the $30 line this week!!
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Looks like it is trying
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It's looking good for a couple $ run up. Read a "speculation" article that laid out a reasonable argument for $300OZt won't be holding my breath on that one :icon_biggrin:
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Oh yeah, silver broke through $30
Have to watch it today
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I always compare the metals to USD, USD is sliding, if it "knee's down".....metals should, in a normal world knee up.
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Reposted from another forum
COMEX is being drained of Gold and Silver (Platinum, Palladium, and Copper are not being ignored either) via traders like India and China standing for delivery in the thousands of tons range. They make the purchase out of COMEX, and take delivery in Hong Kong. Then they literally truck it over to the Shanghai exchange where it gains a neat little arbitrage of around 3$ or so (on silver). Those metals will never come back west again. And we are just sitting back, letting it happen. The US Federal Reserve isn't buying Gold or silver. Other central banks are, and countries are repatriating their gold out of American vaults like the NY Fed. We are being robbed BLIND right under our noses via COMEX and the huge naked shorts American banks are holding. B of A comes to mind. They are losing mass as the prices rise, and they cannot stop it.
We have a big problem people. If you aren't buying and stacking, you are literally screwed. Wake up. The clock is ticking and soon you won't be able to get any because demand already far outstrips supply. Only the naked shorts are holding it down.
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Stacking is the way to go
I been into that for many years
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Silver hitting $31.20 now.
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Nice. It's on a rocket ride today
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$31.51 at 4:17 est
Must have been a bunch of pent up buying behind all of this
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Interesting to look back all the way to the late 70's in this chart
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yep, when we had even - odd days for gas, inflation 17%.....history not learned, is history rhyming.
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https://www.bnnbloomberg.ca/china-sells-record-sum-of-us-debt-amid-signs-of-diversification-1.2073712
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A couple of interesting videos to watch by Jim Rickard and Robert Kiyosaki
One thing I did not know about BRICS currency was that they are basing it on Gold weight, not Gold value compared to the US dollar
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if you hang out in tin-foil country, "they" say someone's out in the wild "taking out" key-players in the "gold standard group" of BRICS "leaders" meaning someone doesn't like the idea of basing "money" on a gold standard
time will tell, I always take that sorta "data-point" as speculative :laugh:
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The smart thing is they are basing it on Gold weight, not dollar value
It does not matter what the dollar value is, just the weight of what you have
Pretty slick
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looks like some profit taking, also the USD has moved up a few tic's. the weekly chart, looks like it's nudging back up.
cutting wood soon, then maybe a trip to see the bullion man to hedge a breakout.
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from my feed;
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in the year 3232....
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New high in Gold today
Silver has not caught up yet.
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I've been watching it.. wonder how high it will go
The government prints money out of thin air.
So the value of the dollar goes down because there are more of them
People think inflation is some mystery
It happens because the government printing money and making it worth less.
I'm no economist, but the classic definition they use for inflation is not what you said. The classic view is that consumers have lots of money to spend, but goods are in short supply in the marketplace. That drives prices up because sellers know it will be that much harder to order new stock. People with a little more to spend than the next guy end up getting the products and the rest of us get nothing.
As an example, the pandemic hit hard in late 2020 - spring 2021, and a couple of things happened. In the US, 15 million people lost jobs entirely, or worked reduced hours remotely because we were all isolating at home. Also, we were all sent pandemic cash handouts from the government to stimulate the economy and we all had cash in hand to spend. However, we stopped spending money on going out, and started buying things to make our homes nicer instead. Theaters, concerts, nightclubs, restaurants all took financial hits, but sites like Amazon, Wayfair, et. al. , and brick and mortar shops, all did better business selling home goods that were in higher demand.
The other thing that happened in 2020 was that China's exports tanked. Their people also were sick. They lacked manufacturing workers, and truckers and shippers to get the goods to the ports. On our end, we lacked truckers and shippers and especially longshoremen (remember huge port delays everywhere?) So: lots of money to spend, but nothing on the shelves to buy. For a year or so, prices rose, and inflation spiked. It was a perfect example of that classic economics inflation scenario I described above: too much money chasing too few goods. Now, it's been dropping for a year and a half and US dollar inflation is now back down to one of he lowest points since we've been tracking inflation. Food prices are higher than they should be due to structural issues in our food distribution system, not in any intrinsic increase in the value of the food. Big Ag is getting rich and sticking to the rest of us.
I don't think inflation happens because the government prints unbacked money. We went off the gold standard in 1935 and people have been predicting "the crash of the American economy" ever since. It hasn't happened because our money supply is well-managed by the Fed. I don't think many Americans understand monetary policy the way the Fed does. And the Fed does a decent job, so their view must be a close enough match to the reality on the ground.
Example, throughout my life, every episode of inflation in the US (several) has been brought to an end by the Fed managing interest rates, only to slide straight into a recession (defined as: too many goods, but too little cash money to buy them.) This time, the Fed and Jerome Powell have pulled off a unicorn: the long sought-after "soft landing." That is, ending inflation without generating a rebound recession.
Until this year, that has never happened in my life.
Don't mistrust money just because the government sets the buying power of its currency. It would be chaos if it didn't. Governments have done so for centuries, even when precious metals were still in circulation, and we are much better at it today than anytime in the past.
Nor does it need to be "backed" with anything but the full faith and credit of the USA. I am currently burning through my 7th decade and I've been hearing this criticism that money "has to be backed with something" all my life, followed usually by dire predictions that we're heading for a catastrophic meltdown. The government/country/economy hasn't blown up yet.
Oh, yeah. When we bought our first house in 1987 our mortgage rate (major bank lender, 30-yr Fixed) was 14.5%. A consequence of fighting the Vietnam War on credit instead of raising taxes. (Thanks, Congress!). Now Gen. X snowflakes are whining if they have to pay more than 5%. can we all just get some perspective, here?
Just my view...
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my 3rd home in '90 was 30yr fixed at 10%, 3? years later something crashed n loans were offered at ~~3.5%, grabbed wife, locked in 15yr fixed at ~3.8%, kept paying the "10% amount", extra applied to principle, paid in full after 12 years total. Now I pay more in property tax than I ever did on a mortgage.
I've bought/sold silver since I was a kid as an investment, since the stupid years '20-'23 I've bought as a hedge against stupid Government.
I'm in a hold n see pattern after the Assassination attempt, my 1 stock portfolio of DJT did real well though :icon_biggrin:
once the dust settles I expect silver to drop back to ~~$27/oz. Then I might have to pick up a quarter pound
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Inflation is simply too many dollars chasing too few goods.
I've been following paladium it's less than half the cost of gold and this spring IIRC it hit a good low buying point. Will pounce on it if it goes low again like that.
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My co-worker Paul, single guy, lost big in the market crash '08-10 like the rest of us, Paul decided to go "all in" on metals. We both know our days are numbered since Medical was being socialized. He put $400K in, by '14 when we were about to get the boot he came in the office, said he'll be ok, cashed out at $1.2Mil, palladium was the primary Metal that carried the day for him.
Paul got to eat steak, I eat 99cent chicken, we're both happy as clams :icon_biggrin:
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Inflation is the inflating of the money supply. Money printing.
Everything else is the result of the money become less valuable because of money printing.
But items can become out of stock or unavailable and the price may rise, but it can also come back down when supply is available again.
The money supply can shrink if money is pulled from circulation
You can read more here
https://www.investopedia.com/terms/i/inflation.asp
What Causes Inflation:
An increase in the supply of money is the root of inflation, though this can play out through different mechanisms in the economy. A country's money supply can be increased by the monetary authorities
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Inflation is the inflating of the money supply. Money printing.
Everything else is the result of the money become less valuable because of money printing.
But items can become out of stock or unavailable and the price may rise, but it can also come back down when supply is available again.
The money supply can shrink if money is pulled from circulation
What Causes Inflation:
An increase in the supply of money is the root of inflation, though this can play out through different mechanisms in the economy. A country's money supply can be increased by the monetary authorities
I don't disagree with any of those definitions, as far as they go. I just think it's kind of an oversimplification to talk about inflation as a purely negative event. Sometimes it's good, sometimes it's bad.
Printing money is what governments do, one of their core functions--to maintain the currency. But it can be a useful tool, too. Over time the Fed uses techniques to increase or decrease the money supply as appropriate. To do that, they may, as you say, 'print money' but most academic economists would call it entirely appropriate in that situation.
Seems to me any monolithic economy should attempt to keep the money supply roughly equivalent to the value of all the goods and services available to buy at any point in time. Too much one way and we get inflation; too much the other way we get deflation.
Most of the time the Fed has to constantly thread the needle between those two, and I think they do a decent job of it. It's not an exact science. It's the most fluid, volatile, and enormous games theory universe that humans study.
It's regrettable that money policy has become politicized. Too much rides on it being played at a very high level by experts. It shouldn't be meddled with in the hands of amateur economists in Congress.
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the Fed has to constantly
regrettable that money policy has become politicized.
yep, prior to the FED, me n my neighbor determined the price of eggs
Now, some unelected non-governmental body decides for me
Silver is down around ~~$29, Monday might be a bullion n bullets road-trip :icon_biggrin:
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Silver is down around ~~$29, Monday might be a bullion n bullets road-trip :icon_biggrin:
The market probably has calmed down because the RNC was very upbeat and positive?
There were some great heartfelt moments.
Things may turn around and get better
But first the huge mess that has happened has to be dealt with.
The next administration has their hands full fixing up a total cluster Flux
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Gold is back on a new high after some profit taking
Silver is not following so far
Not sure why silver is lagging behind?
Could be a buying opportunity?
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Gold was $2507 at 4pm EST
It's making a nice move up
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someone posted today it hit a record high, didn't verify. Did check silver n it's moving up
silver is the "poor mans gold" so I'm guessing it's easier to "control" as a commodity vs investment. lot's of tea-leaf readers are saying once it takes off, it'll move high n fast
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My chart above shows the new high
There is nothing higher on the left side
This chart goes back to 2019
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silvers moving up, checked Gold was $2,518 when I looked
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what is your favorite gold coin?
Maple? Philharmonic? Eagle? Buffalo?
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I'm a silver coin guy, the walking Liberty has always been my favorite
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Numismatic Coins worth a bunch more than spot or modern coins for sure.
Just need so many in silver.
Here is a modern Walking Liberty
I like The Phil in Gold
But they left off the guitar :-(
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Australian and Canadian coins are pretty nice. I like the Roos in gold and silver.
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Gold hits another new all time high
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there has been lots of "indicators" this past week that things ain't looking good for the greenback, the economy, or geo-poly-ticks :icon_biggrin:
my car is finally roadworthy so i'll be doing the 80mile round trip for some more poor man's silver
my "root cellar" is about 90% done so i'll be adding some farmers market poor man tater's, onions, n wheat by this time next week.
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August 24th looked liked the time to stack more silver
Silver was lagging behind while Gold was climbing but it looks to be following suit currently.
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did get a couple z's at $30, I have to pay spot +$2-4 depending on coin.
so this one will be pricey'r but gut says it'll make it to $40 before Nov. now that it's 0-2 for attempts :icon_biggrin:
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this was in my feed, also silver over the last month compared to USD n crude
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It's interestiong that Platinum is going up and down oscillating and not gaining a whole lot, there was a little trough a bit ago where it was under 1k/oz . Would like to get some palladium and see it has been steadily rising.
Gold heading toward $2600/oz
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Looks like today was a profit taking day on the metals exchanges.
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Another all time high in Gold
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added in some "trend-lines", I don't see anything but a bull-run
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I looked up and gold has averaged 6.3% annual return since 2008.
Not bad but not anywhere near stocks.
And always caution buying at highs.
I'd like to sell all mine but the gains are tax killers
Does gold increase have anything to do with inflation? High rates?
And when that reverses will gold also follow?
Do you like physical gold or ETF?
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I'd like to sell all mine but the gains are tax killers
my coin store, like my gun store uses handwritten receipts for cash transactions;
sold $12.99 merchandise, +tax = total sales price
Bought 2.7oz silver at Spot minus $4
since I have "given Caesar what is Caesar's" by paying the sales tax to buy, and the $4 less than spot to sell, anything beyond that is Caesars cousin trying to cheat me, I sleep well. :icon_biggrin:
And when that reverses will gold also follow?
I know silver, and YES, I sold my last silver stash at $40 oz paid ~~$12/oz
it dropped like a rock after that
My current stash, is being held as a "hedge" not a profit/loss. so it's like "insurance", I'm hedging against a severe recession, full on depression. where the USD is not the preferred currency during an "Economic downturn"
the upside I have an "alternative currency"
the downside I over paid for something that wasn't needed. so, like insurance, you don't get upset when you paid $5,000 for medical coverage you didn't use that year, AND I still hold the "hedge"
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I also would have sold silver at $40 missed that.
Anyone forecasting gold high? Some sites are predicting $5000 by 2030.
Insurance prices are just plain upsetting, but a necessary evil. Like milk and egg prices these days...
Seems that all I'm doing lately is paying Caesar, but another necessary evil.
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:laugh:
ya, this ain't the 20th century world we grew up in
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Physical Gold is a store of value.
ETF's and Stocks are not the same thing as physical Gold.
Why do countries stockpile physical Gold?Because it is real money.
Paper money is not real money
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Many economists consider gold and silver to be "natural" money. They have a basis of value related to their scarcity and usefulness. Paper currency by contrast relies on trust that others continue to assess and accept a level of shared value. Trust between people and trust between nations. You can see where this is going, eh?
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Many economists consider gold and silver to be "natural" money.
History considers Gold and Silver real money.
Nixon removed us from the Gold standard which backs up a nations currency against the Gold a nation holds
Thus opening the flood gates for a government to print Fiat currency backed by nothing.
You are inflating the total currency, thus making it worth less.
The inflation term is not understood by many people.
The government causes inflation by printing more paper currency.
Prices going up are the result of inflating the currency.
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Prices going up are the result of inflating the currency.
2 months ago I bought 7/16" 4X8 OSB $20, last week paid $29.99
2 months ago I bought a bar and chain for my 16" Husqvarna just under $50 for both, Thursday paid $73
the covid trillions printed, coupled with "other economic data", is insuring my lower middle-class status will be middle- poverty before it all shakes out
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People do not understand the big picture
Raising prices is a direct result of money printing
There are scalpers for sure who take advantage of people.
But if a product now cost you more, you have to raise your prices.
This is all a result of the government inflating the currency.
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So now I feel that I should add more hard gold :-)
I wonder though if the financial markets ever crumble/hacked if gold will still be desirable/tradeable.
Then what would be right size 1/10, 1/4, 1/2, 1?
Its like when was he last time I did a transaction with cash; seems like forever ago...
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I would wait for a pull back/profit taking
Depends on what you can afford1 oz Canadian Maples are always a good way to go
Eagles have a much larger premium but are top of the heap for most stackers
Hard to say about tradingMany of the top sellers have a buy back policy
SD Bullion has been a good source
https://sdbullion.com/gold/american-gold-eagle-coins
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I wonder though if the financial markets ever crumble/hacked if gold will still be desirable/tradeable.
if I understand your question/concern;
If financial markets collapse, my "guess" silver will be the "money of choice" for things like bread n eggs, veggies, et al.
Gold will be the money of choice for the big-ticket items like deasil n gas, transportation, weapons... et al.
i'm buying rolled silver USD dimes, expecting something like a silver dime gets you a dozen eggs, a loaf of bread from neighbors-friends.
an OZ of silver gets you a hen n rooster. USD "paper" will still be a "thing" but that dozen eggs will be $20 USD paper....
and if nothing "happens" a friend next road north has a kiln n crucible that he melts down dimes n quarters then pours 2 OZ bars.
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and if nothing "happens" a friend next road north has a kiln n crucible that he melts down dimes n quarters then pours 2 OZ bars.
So when melting these do you skim off the crap metals (nickle copper etc) to get the pure silver?
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What is a reasonable premium to pay for "bulk" 90% silver coins over spot?
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to get the pure silver?
was only there once during a pour, I asked what the "slag was" he said it was the junk metal, said it chips off easy once cooled
the bars he showed me were buffed n shiny, so my guess is it gets it to ~~97% based on what i've read about "refining panned gold" anything more is typically a chemical process with spooky chemicals.
90% silver coins over spot?
my coin shop was selling NON-USD for spot +$2/oz
USD coins were spot +$4/oz He runs a card-coin-collectables store so I'm paying "numismatic" value since he say's "I don't deal in scrap metal" :icon_biggrin:
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I haven't bought from here yet but probably will soon. should give you a ballpark idea on pricing
THIS should be a URL!!! 90% silver coins over spot?
search "Great Lakes Coin" should get you the home page, has a lighthouse "logo"
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I wonder though if the financial markets ever crumble/hacked if gold will still be desirable/tradeable.
I think this relates to what Doug calls "real" money and I referred as "natural" money. Same thing IMO. Gold and Silver will have value if the paper currency collapses, because they have uses and are desirable beyond the "shared trust" that paper currency relies on. If US currency collapses, it'll be worthless here and abroad. But gold and silver will retain value here, but also abroad. At the end of WW2, Germany's currency collapsed. Gold and silver retained value, but most did not have any. For them, the trading commodities became cigarettes, Cognac, and the like. Bartering becomes a significant factor.
I do not buy gold. The reasons are personal and not grounded in logic, so I won't go into them. I do buy silver coins and have bought from the Bullion vendor that Doug mentions. Good service and variety. I buy silver coins because they are reasonable enough to give to my young family members - and there are many beautiful coins available for a bit above spot price. I also buy Canadian "Loonies" because the lakes in Maine are full of Loons - my favorite bird.
I do not have experience with a lot of vendors, but one that I did not like was Littleton Coin. They included coins that I did not order and asked that I buy them or return them. You likely know what I did.
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At the end of WW2, Germany's currency collapsed.
EDITED my brain
Argentina Venezuela is a more resent example, even better, since it's currency collapse was not about "war" but "Governancegoverness"
from my favorite Book, paraphrased;
"If you live under a bad king, life will be a struggle, If you live under a good King, your life will prosper"
as an Eagle scout, (when it meant something);
the moto: "be prepared"
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checked in on the metals,
still upward trending, although if crude keep dipping n the dollar strengthens more, might see a small downturn.
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if you look historically where does gold/silver typically trend relative to crude/$$
Is your strategy for gold/silver as investment or hedge?
Do you ever take profits? or just acquire?
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still a hedge, and yep, bought n sold as "profit" many times in "good economic times"
I use USD and crude as "ballpark indicators" of what to expect over the next month. So I bought $10 face value silver quarters today at $5.9 ea, the internet has them at $5.8 on 2 sites I checked so about a wash considering I use a brick n mortar retail store.
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Another new all time high
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the "tight range" looks like some profit taking coming?
last I checked the DJIA was down pretty good, guessing folks are "finalizing" positions in everything before Nov.
I got my bullion yesterday, picked up cartridges today
put up about 3 months wood for the off-grid kitchen,
I should be good til spring if a storm blows through :icon_biggrin:
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Looks like Silver has finally caught up to Gold
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with all the chaos these days, I expect it to keep running up, guessing it'll hit a pretty hard resistance at about $50/oz....IF....the USD n politics are reasonably "stable" for the average Joe.
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pretty good article on why metals might be poised for a Bull run;
https://www.zerohedge.com/commodities/gold-bull-cycle-has-just-begun
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looks like Gold is still marching up
Silver took some profits and is moving back up
I been poor-man buying DJT stock, It ran up fast, sold, made enough to "replace" my USD that I spent last month on bullion n bullets, now I have USD to.....do it all over again :icon_biggrin:
read a good article in ZeroHedge that explained why Silver should be compared with Copper, not Gold
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Many online dealers charge $7-$8 premium for Silver Eagles (+20%over spot)
Then buy them at below spot. Plus shipping both ways...
Good deal for them not so much for us.
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yep, you pay more for numismatic value
The place I buy is a "coin dealer" Bothers the owner that us heathens want "scape metal" :icon_biggrin:
He typically sells USD coins for spot +$7, unless it's "collectable" then it's the current value for that ...year..denomination..etal
the dimes I bought came out to spot +$2 but if I sold it back it will be spot -$4. so at the current spot i'll loose $1.
since they're a hedge, and free since I made the cost back in the stock market, I'm up 100% :icon_biggrin:
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If you don't want to pay the premium for Eagles go with others like maple leafs or 90% silver coins.
There's nothing wrong with owning 1964 and prior US coins
Or random 1 oz silver coins
https://sdbullion.com/random-1-oz-silver-coins (https://sdbullion.com/random-1-oz-silver-coins)
https://sdbullion.com/silver/silver-coins (https://sdbullion.com/silver/silver-coins)
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Another new all time high for goldSilver took a nice leap up also
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Many online dealers charge $7-$8 premium for Silver Eagles (+20%over spot)
Then buy them at below spot. Plus shipping both ways...
Good deal for them not so much for us.
You can't time the markets exactly and if you wait you can see what just happened in my charts above
You buy when there is a pull back and just call it a day
It's not a short term thingIt's a long term way to preserve your wealth
You just have to sit tight and forget about day to day price swings
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As a preserve your wealth logic
do you try to keep your solids as a percent of portfolio?
or just an arbitrary stash?
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You just have it.
As the dollar falls in value, Gold rises in value
It's a simple as that.
Purchasing power of the US dollar
Dollar Purchasing power (https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/)
Gold went from $35 an ounce in 1967 when to where it is today
Go down to this chart
Gold Prices - Historical Annual Data
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart (https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart)
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another illustration floating around;
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Another new high in Gold and Silver is making up for lagging behind.
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HA, was just looking, looks like gold was up, then backed off a couple dollars but still heading up $2760 when I looked
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Holy nosedive, check the metals this morning. wow.. ! Gold down $67
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I expected a down turn if Trump won.
It relieves some of the uncertainty at the prospect of Democrats and their insane policies.
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Gold down $67
as Kenny said "Know when to hold 'em, know when to fold 'em"
if you were buying bullion this last year for "investment" you bought high and now have to decide to hold or fold.
If you bought as a hedge, as Doug basically stated, the hedge is now hopefully behind, so you sit back and watch n wait. at some future point the price will be "right" as an investment and Bonus, it will "offset" your hedge price hopefully enough so that it all becomes investment.
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I was all in back in 2012 on Gold and Silver.
It's a long term store of value, not a buy and flip investment.
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:laugh:
long term for me is much shorter than it was 20 years ago.
That said I no longer count as "investment" my current bullion stash. it'll more than likely just stay a hedge and part of my inheritance.
The stock market is now my short term investment vehicle at "beer money" profit levels since my capital is being slow-drained for beans n rice
Bought 10 shares DJT at $29, sold at $39. That's gas money for the Buick, couple 3 digits, re-invested the "principle" in MRO, up $10, hoping for ~~$80 then rinse n repeat.....I'm gonna be the Buffet of mirco-profiteers :icon_biggrin:
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It's a great thing to do to pass the wealth onto your heirs.
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Speaking of stock market...
I guess it liked the win.
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look some of my withdrawal money from MI's scratch-off retirement account n converted to my bullion retirement account :icon_biggrin:
got these 2 for Spot + $1 bought $5 face value '64 Kennedy's for ~~ $10ea
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Those are cool
Never seen them before
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they just got a batch at the store, I like the irony of using American green-backs to buy Aztec/ My-un(sp) calendars in silver. :icon_biggrin:
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Gold and Silver seem to be making another move up after some profit taking
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fed-debt is maxed out, the globalists are butt hurt and 99 more things that make USD an iffy at best proposition.
my guess though the 80% will head for the digital coins over metals, keeping metals "in-check" from a big breakout.
will be watching the new ERS to see if it offsets anything of meaning for average Joe, like lower tax rates
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my guess though the 80% will head for the digital coins over metals, keeping metals "in-check" from a big breakout.
I really don't understand the allure of digital "coins" aside from wanting to be a cool rich tech boy. Talk about nothin' backing it up . . . But I think you're right.
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ya, me either, I debate them online, point out all the Captain Obvious things, but they are un-shakable. I call Digi-money and many other things "the life of ease and convenience";
"sit on the couch in jammies, make "money" online to "pay" for door-dashing, while amazons fills your porch with shiny new sheet, streaming netter-flicks, as only fans cheer"
sadly more and more are finding that a "good life"!
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sadly more and more are finding that a "good life"!
Maybe that's what they call a generational divide. Just to be clear, I'm on the old side of that line.
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:laugh:
at 18 I started my career in advanced computer controlled systems, even geeked them as a hobby, but every "free moment" I wanted to be outdoors, in the world God created. I had the means so the kids had "game-boxes" they'd ask if I wanted to play, Yep, heading outdoors right now for some play. wife; wanna watch a movie, yep, ones playing right now outside.
it's not so much generational as "mental" you're either doing what everyone else of your "generation" does, or you're just that "weird person"
count me weird.
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slowly creeping up
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Another new high for Gold
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didn't watch the Vid (47 minutes to explain something is propaganda:) but the headlines;
"Why Silver is set to breakout and pass $50"
my read over the last 2 days;
The Dollar looks like it's set to be weaponized by the "we don't like America Countries"
something like 12 States are now working Legislation through that allows the States to hold bit-coin as "investment"
those are good indicators for us in the stacker community
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something like 12 States are now working Legislation through that allows the States to hold bit-coin as "investment" those are good indicators for us in the stacker community
Whats weird is how Bitcoin moves differently than ETF (like IBIT)
I get it that BC is 247 but I thought they should normalize during regular trading session
Seems that gains/losses are still different
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it's a speculative "buy" so it's gonna fluctuate with the buyer/sellers "emotional state of mind"
once it becomes "normalized" as a commodity the swings will narrow, be more indicative of "reality" rather than "headline news"
I don't trade in USD for the same reason I don't trade in bitcoin, there's nothing backing it except "speculation". Corn, wheat, corporations
"In theory" are backed by a tangible product, I may only get an office chair, or a bag of corn, but it's a potential "asset"
one of my posted online "Um, ya, you have a million dollars worth of bitcoin, but the Nets down, so we can't pay you quite yet, please stand by...."
the $$ is the same, once the bank says "Um, the fed didn't send us and $$'s, please standby...."
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still slow walking UP-hill
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in my feed today;
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kind of misleading relative to modern trends...
https://www.macrotrends.net/1441/gold-to-silver-ratio
What do you think realistically the ratio should be??
Do you expect silver to rise significantly to get there?
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:laugh:
everything now-a-days is mis-leading, 1:15 would be my pick, if I was defining "currency". They're both classed now as an "industrial metal" which is a different "driver" than money
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still slow walking north
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Check out the topic of Gold Value revaluation in Google and on Youtube videos
https://search.brave.com/search?q=re%20eva%3Bution+of+gold (https://search.brave.com/search?q=re%20eva%3Bution+of+gold)
https://www.youtube.com/results?search_query=Gold+Revaluation (https://www.youtube.com/results?search_query=Gold+Revaluation)
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been reading up, talk about "manipulating" currency.
... "Well our money ain't worth sheet, so let's mess with Gold prices so our money looks good again!"
I'd be less skeptical if it tied "money" back to a tangible asset that can't be "re-worked" whenever guvmint does stupid sheet.
my sense is, this '29 will be a rhyming repeat of the last '29 with Wifi and smart phones :icon_biggrin:
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Gold continues to set new highs
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Think there's any gold left in Fort Knox?
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I hope they do an audit of the fort and of the Fed who holds a large quantity of Gold
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:l2:
No, but wait, there will be!!!
from the "speculation department" paraphrased;
"USA has X tons of gold, USA uses that as security against a loan, once USA has the loan, USA "leases" that same gold to Country Y. The "leased" gold is held in "reserve" at the Bank of England while country Y gets it's "loan"
all the same gold is now "collateral" for MANY "loans" it's a giant Ponzi scheme. last I read "someone with VERY DEEP POCKETS is "buying" and shipping gold bullion to the USA
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here's 2 "stories" that make you at least ponder...
Fed
https://headlineusa.com/federal-reserve-refuses-to-provide-records-of-foreign-gold-holdings/ (https://headlineusa.com/federal-reserve-refuses-to-provide-records-of-foreign-gold-holdings/)
Glen Beck
https://www.youtube.com/watch?v=gAM2_D2ApD4 (https://www.youtube.com/watch?v=gAM2_D2ApD4)
when you "add-in" DOGE'S find at the State Department where 4.7 trillion was "allocated" WITHOUT a budget tracking code, making it nearly impossible to "follow the money".....
is it all smoke n mirrors, no clue, does it pass the average humans "Hmm, something doesn't make sense test" yes.
enjoy the rabbit hunting.
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I saw a headline recently that with the audit possible there was a importing of gold from UK into US.
seems that with the "inefficient" spending we've been seeing, FK could be at low reserve.
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"inefficient"
you spelled criminal wrong :icon_biggrin:
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The bank of England was found to have some fake gold bars after Australia requested to have their gold repatriated.
Hopefully, we do not have any, but who knows.
The gold belongs to the people and needs to be accounted for
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but the guvmint that controls it does the accounting :icon_biggrin:
hopefully it does get looked at, weighted n tested, but i'm skeptical after watching guvmint operate over the last 60 years.
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from my feed a few minutes ago
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Yes I heard about painting bricks haha...
more "inefficiency" - trying to be respectful.
Kash will let us know.
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Good info here from Kitco and Andy Schectman
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already made the decision if I ever do see a DOGE "rebate" check, it's getting converted that day from check, to USD, then Bullion. My "reasoning" is outside the scope of this thread, so I'll leave it there.
his observation that when gold goes up it weakens the dollar can be seem in the graphs I post, very few times has metal gone up and the dollar not dipped.
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Something is going on
The Central banks and countries are accumulating large amounts
Physical gold is being delivered per the paper contracts
These people always know what is coming way before it happens
The Hidden Crisis Behind Gold’s Surge | Paper Gold Collapse?
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the link I posted by Glen Beck was saying the same thing, His info came from a guy called Matt Smith.
bottom line, the guvmints of the world are done playing nice and are insuring "the haves" will weather the paper money collapse.
the spooky in all this on the American side, the powers that be seem to be indicating "Bitcoin" (block-chain crypto) could be a "new and safe" version of paper money, backed by, well ya guessed it... gold. The problem, I can no longer buy a "doz eggs" from the Amish, the neighbor without leaving a "paper-trail" of 1's n 0's.
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This is a very good analysis of what is going on with Gold
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Another explanation that involves Gold derivatives
This one is scary because it could bring down big banks and make the 2008 look small compared to what could happen here.
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if you trade in derivatives you are my nature "scary"
my tea leaves n bat spit says there's gonna be a crash, that makes '29 look like a one day market blip
on the positive side, I just cut up a 1/2 cord of wood and should be picking up another few OZ's of silver for poor livin', the rabbit population did well over the winter, about doubled, the neighbors chickens never got the election infection that culled 10MILLION and the snows melted
can't beat those indicators :icon_biggrin:
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Took out 5 Benjamin's from my scratch-off winner IRA, paid back my end-of-world USD cash, went to the bullion store for some hedges
bought at $31.62, got home, it' at $32!! paying back the $2 addon cost on the "rounds", got the USD coins at spot.
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now that everyone has cleared out the gold from London, it's silver cleaning time...
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Gold is on a tear right now
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poor mans gold is tagging along, smart kids looking for a safe harbor before the storm...
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yeah, Silver looking good also
Gold is $3 away from $3000
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looks like the guvmint's CR (cash rescue), will pass, that will probably cool the metals and the market.....for now.
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almost to 3k
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Gold went straight through $3000 to $3028
Silver $34
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There are so many "indicators" pointing to this run, it's impossible to tell what's actually fueling it.
my cost averaged Silver is ~~ $25/oz so I don't really care much the source, as long as it keeps fuel'n :icon_biggrin:
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Possible Gold revaluation.
Huge amounts of Gold leaving bank of England to US.
Central banks buying large quantities of Gold.
Possible short squeeze going on for paper contracts.
People calling in contracts for delivery of Gold.
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Does everyone remember Executive Order 6102. It could happen again and today they can more easily trace transactions where in the past there was no internet.
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I doubt that would float today.
The public (Not the left of course) is way more aware, informed and armed.
The current government would not want to piss off the people who voted for them.
In the old days, people trusted the government and did what they were told.
Having said all that, not everyone gave up their gold
There are tons of stories of Gold coins being found buried and in the walls of old houses.
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This from my Fidelity's newsfeed, basically Captain Obvious :icon_biggrin:
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Don't take this as the only reasonAll these sites printing what they believe is the cause.
I lean way more towards the US Gold being imported from the Bank of EnglandCentral banks and countries making huge purchases.
All that plus a possible Gold revaluation which would have a huge effect on the assets owned by the Government.
Something else is happening that will probably be revealed at a later date.
Hopefully there are also short squeezes going on for people that owned short contracts
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oh I don't! hence the Captain Obvious remark.
and you're right, us 'lil people ain't gonna know what the privileged folk are up to til after it's done.
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You also got to ask yourself this
Why would anyone other than a retail buyer be concerned about tariffs?
Who imports gold to the US to sell it?
None of the big players are paying tariffs or selling Gold to the public
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Gold is $3079.00 currently
I thought it would pull back a bit but it is not stopping so far
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the stock market took a beating this week along with the $, so the smart kids are still hedging short-term til the dust settles.
I expect a pull-back by this time next week
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Good info here on Gold and Silver
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What ever happened to the Fort Knox audit.
Kind of went to sleep
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HA, that's the "problem" with instant communications, ya say something, the whole world hears it.......then you get some guy in black showing up to the original commenter, saying "LOOK" click....
:icon_biggrin:
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What ever happened to the Fort Knox audit.
Kind of went to sleep
It will happen as soon as they buy back the Gold they sold and fill the vaults again. :icon_biggrin:
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Gold $3120
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this is a shot of my "stock tracker" I use for retail trading, has been RED bad all last week n gearing up for another RED week.
The greens, War companies and OIL
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maybe time to buy the dip?
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:laugh:
that's how I buy, the problem this time, it keeps dipping!!!! I don't have the capital I once had so I buy 1 company, make lunch money and wait. I picked up 100 shares in a small company in TX for what should have been a good price, lost $100 in 2 days, down $120 after 3 days, bought 100 more, lost another $100, bought 100 more. Today it was down $80, have bid in for my LAST 100 for 30c a share below current price, but 50c a share above days low, we'll see in the morning. Probably be a week or 2 in a "stabilized market" Just to get my money back, possibly some lunch money also!!
AI stock traders should all be shorted.....OUT! :icon_biggrin:
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Possible buying on this retrace?
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tariff pandemonium would be my guess, I hold stocks in an American Company that does 99% of it's work in America and it tanked 23% this Morning, I think the morons of money are just throwing a hissy fit cuz they can.
I give the emo-ride about 2 days, but it is a sunny day so I might make the 50 mile round trip to the bullion store if it doesn't rebound after lunch.
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creeping back up, was $32.5 about 15 minutes ago
from my watched stocks, not the last one, it's Lockheed Martian, war is always good money-maker regardless of economics :icon_biggrin:
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this tells me the people that know things, don't really know what to do!! :icon_biggrin:
seldom will you find the USD and oil "following silver down" They are typically "counter-balanced"
that said, it's look'n like a road-trip to the bullion store, maybe the lead shed also!!!
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road tripped, picked up $10 face USD halves for spot ~ $29.5
the commemorative was a bit pricier at Spot +$7 but it's for one of the kids at the local diner that graduates this year.
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Do your dealers also buy 90% junk silver? How much do you get dinged?
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those 1/2's are "junk silver" My shop does NOT use that word, he's a COIN-dealer :icon_biggrin:
"Junk silver" is any coin that has no numismatic value, so he sells typically at "face value", 90% spot, spot +1 depending on supply.
most buyers these days don't buy "coins" because they are 90% which means math to figure out "value"
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Gold and silver appears to have some profit taking and then Gold turned on the after burners upward
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I got my "profits" at $29.5 silver
looks like the world in general is siding with Gold as it's "standards" measure instead of Bureaucracy's "Trust our paper" model of the last 100+ years. guessing the dust will settle by end of year.
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wouldn't investing in metals be easier in an ETF? Especially if you are profit taking?
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ya, if you're "day trading" in metals, i've bought/sold a few.
Like stocks, it takes a minute to get the jest of the trends any given ETF or stock move....What price is a good BUY, what price is a good SELL point...then market, emo, and a load more other indicators, so I stick with my stocks that I've followed since the 90's for profit/loss.
my Silver is still a hedge, at my age, probably will always be since "paper money" is near (relatively) the end-of-life.
read, heard something like 95% of all transactions now are digital
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Buying real Gold and silver is not a buy-sell thing like stocks
They are stores of value
You hold onto them to keep from losing money on the dollars you have that become worth less every day
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worth watching the 1st 15 minutes....
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Silver catching up would be good, but I have been hearing silver talk for many years.
I don't get worked up about predictions any more.
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Gold is rocketing up again
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and silver is asleep at the wheel :icon_biggrin:
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bought yesterdays dip, sold todays rally made $40 :icon_biggrin:
the market is doing "AI" type stuff, if you've played in the market, the company's "volume", bought/sold, today are nuts
companies that on a great day might have a volume of X, are now at 5-10X, either the BOT traders are burning through electrons making somebody big bucks, or theirs some underlying indicators that us lunch-money retail traders are not privy to.
crazy morning!
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Barron's article today says once silver passes 35 will be on its way to 50
Suggested investing in US silver mining ETF (can't find article or recall the ETF)
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FWIWI trade a mining company, EXK, cheap share's, range between $3 - $7
they mine silver, but they don't throw out the gold they find :icon_biggrin:
Mexico is their primary mine, believe they're registered in Canada
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when I took the family road-tripp'n to Alaska, we stopped n hiked a mountain called Lazy Mountain, had like 5 "false peaks" before you actually reached the summit, the Silver growth line looks like that mountain :laugh:
it's still just slow roll'n up-hill
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the silver mine I buy/sell has been heading up, made ~10% ROI over the past 10 days, cashed out for lunch money this week!
getting grumblings of a nice bump teasing $40/oz NOT holding my breath though.
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Silver is making a move
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yep, I made about 25% return on the EXK stock when silver 1st spiked up a few days back.
took that money and bought a U.S. Military-contractor company that makes Autonomous drones/systems, they just partnered with GE aero-space, hoping for a 10% ROI, then silver might drop back so I can rinse n repeat
then i'll make a bad trade n eat PBJ's for supper again :icon_biggrin:
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when I took the family road-tripp'n to Alaska, we stopped n hiked a mountain called Lazy Mountain, had like 5 "false peaks" before you actually reached the summit, the Silver growth line looks like that mountain :laugh:
C'mon out to CO and I'll watch you climb Capitol or Longs peak.
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those days are long gone, I did have Capital on my tic-list. My last "Official" climb at 53 was in CO though, did the flat irons near Boulder.
I was in semi-retired mode and wound up with my "last student" she wanted to get in shape for Air-force boot camp
after my 2 year intense training she made it with flying colors, she'd never fired a weapon so that was added. a pic from boot-camp she sent, 5 of 5 in the 10 ring with an M16. last contact she was in year 12 doing remote silo maintenance on ICBM's
people ask "do you miss it" Hell no, climbed a combined total of 32,000 vertical feet of rock face, lived, don't get any better, so there's nothing to "miss"
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those days are long gone, I did have Capital on my tic-list. My last "Official" climb at 53 was in CO though, did the flat irons near Boulder.
I was in semi-retired mode and wound up with my "last student" she wanted to get in shape for Air-force boot camp
after my 2 year intense training she made it with flying colors, she'd never fired a weapon so that was added. a pic from boot-camp she sent, 5 of 5 in the 10 ring with an M16. last contact she was in year 12 doing remote silo maintenance on ICBM's
people ask "do you miss it" Hell no, climbed a combined total of 32,000 vertical feet of rock face, lived, don't get any better, so there's nothing to "miss"
too many people have died on those two peaks.. not worth it.. traversing the knife edge on capitol is just nutso .. lots do it. for a while there were some photos on summit.org of a Russian girl doing a one hand handstand atop Capitol peak, I should have saved that photo. She said she was a gymnast.. well yeah.. and fearless. You fall on that one and your going to your maker. Longs is just a very long hike in the early morning hours and then hope to hell you get off the peak before the lightning and rain comes in.. I'd be willing to do Sneffels with ya though and I'm older than dirt. I hiked Crag Crest trail on Grand Mesa twice last year, saw my first aircraft turning on the chemtrails in mid filight up there.. its up close to timberline and not so scarey as the 14ers.. I hear ya bro we are older and it's different doing these climbs these days.
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even "hiking" the sketchy ones I always carried my climbing shoes, harness, couple pieces of gear and 50' of climbing rope.
hikers n backpackers are the top "casualties", climbers are the least likely group to need "rescuing" in the outback.
saw my first aircraft turning on the chemtrails in mid filight up there
was watching a plane chem-trailing ahead of the last front we had, maybe 3 days ago, then i swear he launched a "chaff rocket" like the F-14s used to do to try and break my tracks. snapped this pic, you can see the "tail" from whatever, splitting off.
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Yo guys, please stick to the topic
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Well silver still rising but it appears that platimun and palladium are following suit, so it must be a broader market rising.
Gold.. I'm sorry even though it's a hedge against inflation it is so high that little guys are going to have a harder time in this economy investing and taking possession of gold, while their families are struggling to meet the expenses of living.
Property taxes and insurances have risen right along with gold.
It will be interesting to see how high silver prices rise.
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the silver-to-gold ratio in nature is ~ 19/1, you'd think the price would reflect that. but it don't because Rich-men North of Richmond like manipulating things
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The dollar loses value and gold/silver is a store of value
It's not that Gold is going up, it's the worthless nature of fiat currency
It's takes more dollars to buy the same thing
The dollar is worth about 1% of what it was many years ago
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The dollar is worth about 1% of what it was many years ago
pretty sure if Doc woulda made it, the dollar would be worth it's weight in gold still :icon_biggrin:
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still tracking up
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This guy had some great info on the metals and US dbt issues
i=m0R43O6lLxqTLwEv
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silver pulled back some but not a bad ROI for a year
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onwards n upwards.........
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Silver has been on a tear lately
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the manipulators can't keep up with the economic realities
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After some profit taking Silver having some good gains
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haven't looked in awhile, Nice to see the bump! might be time to pick up some rounds before it hits the $50 mark. my "running average" is ~ $23/oz not a bad ROI
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this showed up in my feed, originally posted on X
might be why silver is sneaking up.
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Peter is a smart dude
I have followed him for many years
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The big problem is that All the markets are manipulated! Always has - always will.
Silver should be worth more than gold...but it's not. Silver offers soooo much more value compared to gold and yet it is dirt cheap. I just don't get it. Gold is like diamonds...there is so much of them around the world, they should be worth pennies on the dollar (another worthless item) but due to the Families and the Banking cartel, they hold false value. Every time the ex wanted a diamond, she got either emeralds or rubies (my fav). Then I broke down and bought her a diamond and slipped it on her finger...been paying for it ever since.
Just my $0.02
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good thing you only invested 2c
silver in the wild is 19 times that of gold in the wild, so starting at the dirt level, silver should be worth 1/19 that of gold, pretty close to "standard" for thousands of years
doesn't matter what's manipulated, what matters is why you want metals or anything else. I buy metals as a hedge, I buy stocks for lunch money, been eating steaks lately, my silver is up 40%, I call that good in any market. bonus, I just won $100 on my $10 scratch-off ticket at the BeerBaitNgas :icon_biggrin:
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LOL...I have to disagree on the your ratio...the Grand Canyon, California and South Africa alone wipes it out. I think the only reason Au is valued more is due to it being inert. No matter how long Au sits in the dirt, it remains intact...not so much Ag. Don't get me wrong, I've been stacking for about twenty years.
But as my knowledge about the world grows, I have come to the conclusion that Very little is what it seems.
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crossed the resistance! hopefully some smooth sailing to $50
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It figures...hahahaha!
Remember when palladium was the metal to have?
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Gold and Silver are on the move again.
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Silver and Gold have gapped up
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that's a nice bump from this morning when I looked.
found this chart, besides the obvious, it's a pretty good "tell" on what happens to prices during the "uncertainness" of a particular year.
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The gaps continue
Next overhead resistance is $50
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yep, my tea-leaves say by end of year it'll stabilize out about $50.
CCP is on a tear trying to convince the world America n it's dollar are over, Europe is wetting it's pants over Russia n civil unrest, most of south America is run by the cartels, even if we manage to boost the economy here, lots of the moneyed folk are buying up all the tangibles they can get.
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Gaps always get filled, so there will be some of that going on
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The red lines are where Silver and Gold will retrace to fill the gaps
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this is a drone stock, but the premise works across the board, metals, money, stocks
this gap was 6 weeks ago, it's positioned to start a long slow run up, just like metals will.