Platinum may not have any risen as much as a percentage but the premium, like with the other metals, has JUMPED.
It’ll be interesting to see when the big dealers start indicating a delay in shipment.
What would be even more interesting is if there will be anyone willing to buy even at spot when a pd stacker decides to sell their overpriced gutter. My overpriced paper Pd at least commands spot. THKS!
@jmski52 said:
The intrinsic value of paper is about to become self-evident.
The Federal Reserve was founded in 1913. How does the value of today's dollar compare to the value of the dollar of 1913?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@RobM said:
Blitzdude...., founding member of the PCGS (Paper Collection Grading Service). Do you hold any physical metals? And why?
Yes I hold physical gold, lots of Peace and Morgan dollars, some junk gutter and still a few boxes of ASEs. The gold is a no brainer, it's why I sleep like a baby. Morgans/Peace? Because of the collector in me, the gutter for pure speculation. Trading paper is much easier, click of a button. RGDS!
The Federal Reserve was founded in 1913. How does the value of today's dollar compare to the value of the dollar of 1913?
I think that derryb has a chart that depicts the dollar's race to the bottom. Off the top of my head, I'd say that it's purchasing power is about 3% of what it was in 1913. But 1913 is a long time ago now, so maybe a better baseline would be 1980 or so.
The impact of recent gov.com spending hasn't yet been felt, but it looks like inflation continues to heat up faster than it did in the late 1970's. Substantially faster. Buckle up.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: The Federal Reserve was founded in 1913. How does the value of today's dollar compare to the value of the dollar of 1913?
I think that derryb has a chart that depicts the dollar's race to the bottom. Off the top of my head, I'd say that it's purchasing power is about 3% of what it was in 1913. But 1913 is a long time ago now, so maybe a better baseline would be 1980 or so.
The impact of recent gov.com spending hasn't yet been felt, but it looks like inflation continues to heat up faster than it did in the late 1970's. Substantially faster. Buckle up.
Good thing the average wage has increased > 9000% since 1913. Sleep well.
Now I’ll report the education I’m getting is worth it. $700+
drop of palladium. Gold and silver are holding their own,sort of. So much to learn every day.
I post this because it’s been mentioned that I am emotionally neutral and why the price is fluctuationing. I’m aware of global problems and heartbroken by what is happening.
Palladium price got ahead of itself. If Russian supply is 40%, what percent of new automobiles are sold in Chinese and Indian markets? No trade barriers there. Thus, probably just a shuffling in where to source the stuff. Fertilizer, food security, on the other hand, likely a mich bigger issue. Palladium may fall more, but the mid term future is still good.
Interesting the stock market is up 500. Other metals down a little but equally sorta. Palladium crash.
As a mere student I learn and prefer not to comment too much 🤨
@Jzyskowski1 said:
Well over on the USCoin forum some mentioned this forum. I come here to check it out and well, do you want more people here or are you happy fighting with each other?😉
Well let's put it this way. I've been checking in here every once in awhile for the past 10 years or so. It's been the same exact fight year after year. When things go down in value there is a conspiracy theory to explain it away. If something doesn't go up like it's "supposed" to then it must manipulated and explained away. Wash, leather, rinse and repeat. It's like the longest running play on broadway. Guess what has happened for these years? Things have gone up and they have gone down only to go up again and back down. Don't worry posters will tell why this is happening every step of the way with their "tinted" glasses. This place like the Hotel California. Once you check in you can never leave.
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Well it’s dropping today. Tracking several areas are helping with my education. Stocks. Coins. Bitcoin. Commodities. Slowly watching the interplay but it’s complex
@Jzyskowski1 said:
Well over on the USCoin forum some mentioned this forum. I come here to check it out and well, do you want more people here or are you happy fighting with each other?😉
Well let's put it this way. I've been checking in here every once in awhile for the past 10 years or so. It's been the same exact fight year after year. When things go down in value there is a conspiracy theory to explain it away. If something doesn't go up like it's "supposed" to then it must manipulated and explained away. Wash, leather, rinse and repeat. It's like the longest running play on broadway. Guess what has happened for these years? Things have gone up and they have gone down only to go up again and back down. Don't worry posters will tell why this is happening every step of the way with their "tinted" glasses. This place like the Hotel California. Once you check in you can never leave.
m
Look out Mark. It’s up today😊. So much for your theory!!
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
I think that statistical correlations between economic developements and precious metals pricing..............are very hard to come by. As Gregory Mannarino says, "let them play their game, we'll continue to play ours"
Q: Are You Printing Money? Bernanke: Not Literally
Russia-Ukraine news cycle is overriding the bigger economic news.... that a recession is likely in the near future. QE just ending, bond yields inverting? Metals won't do well at beginning of a recession either, especially the industrial ones (Pt, Pd). Even Cu has leveled off lately.
Comments
Sorry, I’m a slow learner. You were right 👍🏼How’s $2900
🎶 shout shout, let it all out 🎶
🎶 shout shout, let it all out 🎶
And platinum languishes
Platinum may not have any risen as much as a percentage but the premium, like with the other metals, has JUMPED.
It’ll be interesting to see when the big dealers start indicating a delay in shipment.
What would be even more interesting is if there will be anyone willing to buy even at spot when a pd stacker decides to sell their overpriced gutter. My overpriced paper Pd at least commands spot. THKS!
The whole worlds off its rocker, buy Gold™.
Blitzdude...., founding member of the PCGS (Paper Collection Grading Service).
Do you hold any physical metals? And why?
The intrinsic value of paper is about to become self-evident.
I knew it would happen.
The Federal Reserve was founded in 1913. How does the value of today's dollar compare to the value of the dollar of 1913?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yes I hold physical gold, lots of Peace and Morgan dollars, some junk gutter and still a few boxes of ASEs. The gold is a no brainer, it's why I sleep like a baby. Morgans/Peace? Because of the collector in me, the gutter for pure speculation. Trading paper is much easier, click of a button. RGDS!
The whole worlds off its rocker, buy Gold™.
🎶 shout shout, let it all out 🎶
🎶 shout shout, let it all out 🎶
The Federal Reserve was founded in 1913. How does the value of today's dollar compare to the value of the dollar of 1913?
I think that derryb has a chart that depicts the dollar's race to the bottom. Off the top of my head, I'd say that it's purchasing power is about 3% of what it was in 1913. But 1913 is a long time ago now, so maybe a better baseline would be 1980 or so.
The impact of recent gov.com spending hasn't yet been felt, but it looks like inflation continues to heat up faster than it did in the late 1970's. Substantially faster. Buckle up.
I knew it would happen.
Brother can you spare a dime.
Good thing the average wage has increased > 9000% since 1913. Sleep well.
The whole worlds off its rocker, buy Gold™.
Now I’ll report the education I’m getting is worth it. $700+
drop of palladium. Gold and silver are holding their own,sort of. So much to learn every day.
I post this because it’s been mentioned that I am emotionally neutral and why the price is fluctuationing. I’m aware of global problems and heartbroken by what is happening.
🎶 shout shout, let it all out 🎶
Palladium! Noooooooo!
Wow ... & I thought bidcoin was volatile....
take a look at Palladium
https://www.kitco.com/charts/livepalladium.html
Palladium price got ahead of itself. If Russian supply is 40%, what percent of new automobiles are sold in Chinese and Indian markets? No trade barriers there. Thus, probably just a shuffling in where to source the stuff. Fertilizer, food security, on the other hand, likely a mich bigger issue. Palladium may fall more, but the mid term future is still good.
Just another expensive form of gutter metal in disguise. I bought some physical Pt once, never make that mistake again. Bye-Bye Birdie. RGDS!
The whole worlds off its rocker, buy Gold™.
Palladium!
The bad thing is this kind of volatility is keeping markups on the eagles wide
Yep Pd, Pt same thing. Overpriced gutter
The whole worlds off its rocker, buy Gold™.
Only PT I've ever bought is on my wifes finger.
Interesting the stock market is up 500. Other metals down a little but equally sorta. Palladium crash.
As a mere student I learn and prefer not to comment too much 🤨
🎶 shout shout, let it all out 🎶
Well let's put it this way. I've been checking in here every once in awhile for the past 10 years or so. It's been the same exact fight year after year. When things go down in value there is a conspiracy theory to explain it away. If something doesn't go up like it's "supposed" to then it must manipulated and explained away. Wash, leather, rinse and repeat. It's like the longest running play on broadway. Guess what has happened for these years? Things have gone up and they have gone down only to go up again and back down. Don't worry posters will tell why this is happening every step of the way with their "tinted" glasses. This place like the Hotel California. Once you check in you can never leave.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
One of the Greatest Posts in the PM forum in recent memory was when @piecesofme called this place a "Mind Cemetery"
Im still cracking up over that one... lol
It's all about what the people want...
Roller coaster 🎢. What a week. So much too learn
🎶 shout shout, let it all out 🎶
Well it’s dropping today. Tracking several areas are helping with my education. Stocks. Coins. Bitcoin. Commodities. Slowly watching the interplay but it’s complex
🎶 shout shout, let it all out 🎶
Today stocks are up and metals are up. Heck, &26+ silver. Roller coaster 🎢
🎶 shout shout, let it all out 🎶
Look out Mark. It’s up today😊. So much for your theory!!
What if the London gold price fixing committee was to throttle back spot price on gold to punish the Rooskies? Drop it $50 a day.
The weekend. Time to take all the notes and research and add it to my slowly developing knowledge of PM and the world 🌎
🎶 shout shout, let it all out 🎶
Well palladium is crashing. Start the week off 🙀🦫
🎶 shout shout, let it all out 🎶
I think that statistical correlations between economic developements and precious metals pricing..............are very hard to come by. As Gregory Mannarino says, "let them play their game, we'll continue to play ours"
I knew it would happen.
Well it’s all dropping today 🙀🦫
🎶 shout shout, let it all out 🎶
Russia-Ukraine news cycle is overriding the bigger economic news.... that a recession is likely in the near future. QE just ending, bond yields inverting? Metals won't do well at beginning of a recession either, especially the industrial ones (Pt, Pd). Even Cu has leveled off lately.
Things moving up this morning.
Edit I’m gunna learn to wait. Silver diving and stocks are fumbling.
This is difficult learning
🎶 shout shout, let it all out 🎶
Stocks are up and metals a little. Taking notes. 😉🦫🙀
🎶 shout shout, let it all out 🎶