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GOLD! Noooooooooooooo

MsMorrisineMsMorrisine Posts: 32,004 ✭✭✭✭✭

-47

sub-1790

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    :o Looks like money is moving somewhere... Any ideas? Cheers, RickO

  • tincuptincup Posts: 4,719 ✭✭✭✭✭

    Buying opportunity?

    ----- kj
  • DscoinDscoin Posts: 319 ✭✭✭✭

    Now only if double eagles would go down in price....

    Successful transactions with: Lakesammman, jimineez1, Flackthat, PerryHall, bidask, bccox, TwistedArrow1962, free_spirit, alexerca, scooter25, FHC, tnspro, mcarney1173, moursund, and SurfinxHI (6 times)

  • KliaoKliao Posts: 5,425 ✭✭✭✭✭

    Going back up a little. Possibly close above 1800?

    Young Numismatist/collector
    73 Positive BST transactions buying and selling with 44 members and counting!
    instagram.com/klnumismatics

  • johnny9434johnny9434 Posts: 27,297 ✭✭✭✭✭

    Wow

  • PedzolaPedzola Posts: 995 ✭✭✭✭✭
    edited February 4, 2021 1:32PM

    Retail premiums still at 1950-2k.

    I have been buying for the past year, so I'll admit this stings a little, even though I was not planning to sell any.

    Huge increase in money supply should result in much higher prices, no? Just takes time to work through the system or is something else at play here?

    I was thinking we'd be seeing $2500 gold and $50 silver in no time.

  • MsMorrisineMsMorrisine Posts: 32,004 ✭✭✭✭✭

    I'm waiting for that stimulus shoe to drop, too. I can only guess that we are still the best place to put money....

    and look at the world class debt we have... we always pay interest on time and the principal back. (could we borrow $100? we need to pay you that $90 interest payment)

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭
    edited February 4, 2021 3:27PM

    Blame it on justacommemman

  • WCCWCC Posts: 2,328 ✭✭✭✭✭

    @Pedzola said:
    Retail premiums still at 1950-2k.

    I have been buying for the past year, so I'll admit this stings a little, even though I was not planning to sell any.

    Huge increase in money supply should result in much higher prices, no? Just takes time to work through the system or is something else at play here?

    I was thinking we'd be seeing $2500 gold and $50 silver in no time.

    There is no direct connection between events and prices.

    Take the dates off a price chart and how many can figure out what supposedly drove the price? Whenever we read commentary about what supposedly drove the day's price action or is driving the trend, the writer is just making it up. When it is convenient, writers use one reason and when it doesn't "fit" they use another, even if these supposed reasons conflict with each other.

    There is only one actual reason why prices move, human optimism or pessimism. Why they may be so is a function of their psychology.

  • blitzdudeblitzdude Posts: 5,268 ✭✭✭✭✭

    Blah fake newz!

    The whole worlds off its rocker, buy Gold™.

  • tincuptincup Posts: 4,719 ✭✭✭✭✭

    Drop probably due to the system.... reminding us who really is in charge.

    ----- kj
  • BochimanBochiman Posts: 25,277 ✭✭✭✭✭

    @MsMorrisine said:
    I'm waiting for that stimulus shoe to drop, too. I can only guess that we are still the best place to put money....

    and look at the world class debt we have... we always pay interest on time and the principal back. (could we borrow $100? we need to pay you that $90 interest payment)

    Yeah...they've shown that the majority of that money has either gone to savings, investing, or paying bills....ie, not for living expenses themselves...that is, like, the smallest % it is used for.

    So, when the next one hits, economists are calling for it to follow the same pattern.

    And, people still want to stay unemployed....talked with someone I know who drives a schoolbus (schools in our area are JUST getting ready to reopen in a minor capacity...K-5 or something) and he said he makes MORE getting unemployment than he does working....so he doesn't want to go back to work. Not the first person I have heard this from either.

    So, they don't want to work, they can't go out (most everything is locked down), can't travel easily for vacations, etc......where does the stimulus money go? Investments and savings (and booze, MJ, and casinos).

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • DoubleEagle59DoubleEagle59 Posts: 8,138 ✭✭✭✭✭

    Don't be worried about a little price drop.

    Be more concerned about the amount of ounces you have and not the amount of price.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I read that the money moved out of gold and into Bitcoins.... Not sure how long that will last... Or why some thought it was a good move. Cheers, RickO

  • maplemanmapleman Posts: 1,052 ✭✭✭✭✭

    This too shall pass. Buying opportunity imho but I'm not batting 400.

  • WingedLiberty1957WingedLiberty1957 Posts: 2,937 ✭✭✭✭✭
    edited February 5, 2021 8:23AM

    i have to say, although I love the idea of gold and silver. Over the past 12 years, it's been one of the worst investments of my life. I would have made infinitely more money in the stock market or bitcoin.

    Dare i say it? Gold and Silver sucks. (and this is coming from someone that still owns it).

    Gold and Silver are one of those investments that seem to make sense intellectually, but it's too manipulated to ever make a good investment. Forget about Gold and Silver and buy Stocks and Crypto.

  • PerryHallPerryHall Posts: 45,178 ✭✭✭✭✭

    @WingedLiberty1957 said:
    i have to say, although I love the idea of gold and silver. Over the past 12 years, it's been one of the worst investments of my life. I would have made infinitely more money in the stock market or bitcoin.

    Dare i say it? Gold and Silver sucks. (and this is coming from someone that still owns it).

    Gold and Silver are one of those investments that seem to make sense intellectually, but it's too manipulated to ever make a good investment. Forget about Gold and Silver and buy Stocks and Crypto.

    Do you think that stocks and crypto aren't also being manipulated? :D

    Worry is the interest you pay on a debt you may not owe.

  • tincuptincup Posts: 4,719 ✭✭✭✭✭

    @WingedLiberty1957 said:
    i have to say, although I love the idea of gold and silver. Over the past 12 years, it's been one of the worst investments of my life. I would have made infinitely more money in the stock market or bitcoin.

    Dare i say it? Gold and Silver sucks. (and this is coming from someone that still owns it).

    Gold and Silver are one of those investments that seem to make sense intellectually, but it's too manipulated to ever make a good investment. Forget about Gold and Silver and buy Stocks and Crypto.

    Using hindsight... perhaps true. But one never knows until later what 'investments' will turn out best. There is risk in everything, and expect that anything that 'can' be manipulated.... will be manipulated to someone's advantage. If ones goal with gold and silver was purely as an investment... then it may or may not be a wise investment.

    But those who hold gold and silver as 'insurance' (as compared to investment)... are not nearly as concerned. In that case, the object is diversification of one's assets, and as a safeguard against destruction of the dollar, and other scenarios. A different situation entirely... and any profit that happens with it is icing on the cake.

    ----- kj
  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭

    I need gold to get to $50,000 an ounce and silver to get to $5,000 an ounce. Maybe then I can buy a Ferrari.

  • softparadesoftparade Posts: 9,266 ✭✭✭✭✭

    @jessewvu said:
    I need gold to get to $50,000 an ounce and silver to get to $5,000 an ounce. Maybe then I can buy a Ferrari.

    Of course by then, the Ferrari will be 2.5 million or worse

    ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240

  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭

    Of course by then, the Ferrari will be 2.5 million or worse

    Knowing my luck, probably.

  • JimnightJimnight Posts: 10,664 ✭✭✭✭✭

    Gold is still a rollercoaster ride.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
    edited February 8, 2021 2:20PM

    There is no direct connection between events and prices.

    So it seems.

    Take the dates off a price chart and how many can figure out what supposedly drove the price? Whenever we read commentary about what supposedly drove the day's price action or is driving the trend, the writer is just making it up. When it is convenient, writers use one reason and when it doesn't "fit" they use another, even if these supposed reasons conflict with each other.

    There is only one actual reason why prices move, human optimism or pessimism. Why they may be so is a function of their psychology.

    Your comments are dead-on right.

    Gold and Silver sucks. (and this is coming from someone that still owns it).

    Gold and Silver are one of those investments that seem to make sense intellectually, but it's too manipulated to ever make a good investment. Forget about Gold and Silver and buy Stocks and Crypto.

    From an investment standpoint, total return is only one component of a sound investment. There is no getting away from risk vs. reward. You can buy many "investments" that provide a much higher yield than what pms have done for the past 10 years.

    No doubt, the return from a Fed-supported stock market has out-performed gold & silver. I would've thought as far back as 10 years ago that the math of US Treasuries would have self-destructed before now. And yet - the multiple trillion dollar magic money tree still hasn't blown up.

    There's a simple question to consider - do you trust Wall Street, cryptos, or the banking system when none of them have any meaningful oversight, and when we continue plunging into debt so quickly that pretty soon even the interest payments on the debt will eat up the entire GDP, especially if interest rates move up nominally, as they must?

    Do you feel lucky?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • AzurescensAzurescens Posts: 2,665 ✭✭✭✭✭

    @ricko said:
    :o Looks like money is moving somewhere... Any ideas? Cheers, RickO

    Bitcoin is up $36,000 since everyone here told me it was worthless. Tesla just bought 1.5bn and will be using it for their products. Ethereum is also an option. Both hit new ATH's today.

    $TSLA was a good play; $GME is in a short squeeze with almost no shares left available. $AMC data is being manipulated and the bot armies are increasing their fear campaigns. So I threw money at that, too. People are going long on $BB which might be $30 eow.

    The world is waking up to the fix of gold and silver markets. Nobody my age and definitely nobody younger really wants anything to do with coins or metals bc the game is so rigged. After this GME/AMC/NOK/BB thing wraps up, I doubt many will want to use the stock market ever again, either.

    Bot armies, disinformation campaigns and fear campaigns have been laid bare for the world to see like never before.

    Which is too bad because coin collecting is fun; sucks that greed has robbed three generations of that magic and wealth.

  • carew4mecarew4me Posts: 3,459 ✭✭✭✭

    "Message boards!....well you all know the guy....
    he's on the right side of every trade.....
    he saw it!...It was So fucking obvious...and he's posting the research...
    which almost involves cutting and pasting the work of smarter people out of context...
    and he is not shy about telling everybody how simple is is to see...
    its was obvious! ...and he told you!...i guess..yet no one can find the post...
    well that is the guy...that's the troll posting from his mommy's basement...
    hiding in plain site for all to see" ....
    He will go away though ...as soon as the meatloaf is ready.

    -Legendary Wall Street Trader when asked about conflicting financial advice from "message board profits"


    Loves me some shiny!
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