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PM Downward Slide??

erwindocerwindoc Posts: 4,099 ✭✭✭✭✭

I am not complaining about the slide with silver and gold since I am more of a collector as opposed to a stacker. In fact, it will allow me to buy more gold! What are your thoughts as to why silver and gold are down so much lately with inflation going up?

Comments

  • SoldiSoldi Posts: 1,284 ✭✭✭✭

    Coins ate beginning to become distressed the same as pm . I got dealers calling

  • thefinnthefinn Posts: 2,512 ✭✭✭✭✭

    PMs are strong to all other investments. People are swallowing everything the Fed tells them.

    thefinn
  • RobMRobM Posts: 400 ✭✭✭
    edited May 11, 2022 8:45PM

    PMs typically fall at onset of recession. Margin calls. Conversion to cash for safety and any yield as long as interest rates are rising. Gold and silver will rise once the Fed is forced to abandon QT and rate hikes.

  • jmski52jmski52 Posts: 21,278 ✭✭✭✭✭

    I wouldn't want to be in bonds or a bond fund or a fund with a bond component right now. Just sayin'

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 25,010 ✭✭✭✭✭

    Will pick some up for food measure (I hope)

  • rickoricko Posts: 89,849 ✭✭✭✭✭

    The dollar is super strong right now.... PM's down - for now. Hold on, do not panic - the tsunami is building.... ;) Cheers, RickO

  • JimTylerJimTyler Posts: 2,199 ✭✭✭✭✭

    Be glad you’re not one of the big boys watching these declines while you wait for locked in deals to arrive in the mail let alone stock on hand. I suppose they can afford it.

  • rcmb3220rcmb3220 Posts: 1,074 ✭✭✭

    @ricko said:
    The dollar is super strong right now.... PM's down - for now. Hold on, do not panic - the tsunami is building.... ;) Cheers, RickO

    It will be glorious when the SHTF

  • streeterstreeter Posts: 3,805 ✭✭✭✭

    While I try to figure this market out, I think I'll sit on the sidelines for awhile. Looks like a mini bear to me right now. If it pukes into the mid 1700's.....that might be good. If it can't hold that number, look out below.

    Have a nice day
  • derrybderryb Posts: 33,804 ✭✭✭✭✭

    cash is king. . . till it ain't.

    "If you don't own gold you know neither history nor economics." - Ray Dailo

  • cohodkcohodk Posts: 17,419 ✭✭✭✭✭
    edited May 13, 2022 3:57PM

    @jmski52 said:
    I wouldn't want to be in bonds or a bond fund or a fund with a bond component right now. Just sayin'

    Lots of folk very happy getting 3% -or more on some good ole USA Govt bonds- on 1 year paper right now.

    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
    Annointed "biggest hands"
  • blitzdudeblitzdude Posts: 4,176 ✭✭✭✭✭

    Back to the gutter perhaps? RGDS!

    The whole worlds off its rocker, buy Gold™.

  • tincuptincup Posts: 4,213 ✭✭✭✭✭

    I-Bonds.... as long as you trust the U.S.A. to not default...

    ----- kj
  • jmski52jmski52 Posts: 21,278 ✭✭✭✭✭

    Lots of folk very happy getting 3% -or more on some good ole USA Govt bonds- on 1 year paper right now.

    Fabulous! That means they are only losing somewhere between 5% and 15% on their money, depending on whether or not you believe gov.com data.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RobMRobM Posts: 400 ✭✭✭

    @tincup said:
    I-Bonds.... as long as you trust the U.S.A. to not default...

    If the US were to default, it would be the 5th time.

    But still, I bonds are probably better than anywhere else to put one's savings right now. There's a reason the limit is $10k per person per year.

  • bronco2078bronco2078 Posts: 9,753 ✭✭✭✭✭

    @cohodk said:

    @jmski52 said:
    I wouldn't want to be in bonds or a bond fund or a fund with a bond component right now. Just sayin'

    Lots of folk very happy getting 3% -or more on some good ole USA Govt bonds- on 1 year paper right now.

    7% plus on i-bonds :# true you cant get in and out but still

  • rickoricko Posts: 89,849 ✭✭✭✭✭

    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

  • tincuptincup Posts: 4,213 ✭✭✭✭✭

    @bronco2078 said:

    @cohodk said:

    @jmski52 said:
    I wouldn't want to be in bonds or a bond fund or a fund with a bond component right now. Just sayin'

    Lots of folk very happy getting 3% -or more on some good ole USA Govt bonds- on 1 year paper right now.

    7% plus on i-bonds :# true you cant get in and out but still

    The 7% + rate was the previous rate. As of May 1st, I believe it went up to 9.62%. It's true you cannot get in and out immediately. Rates change every 6 months; you cannot cash in until 1 year is up (you can then cash in but have to pay a 1/4 year interest penalty). You normally have to hold for 5? years until you can cash out without the quarter year interest penalty.

    But the way one can play it: get your I-bond at 9.62% which will hold for 6 months; at 6 months the interest rate will change again depending on inflation and cost of living. Even if it changed to '0%' (lol,lol.lol), you could hold for the necessary 1 year anniversary, cash out with the quarter year interest penalty, and still have a pretty good return left due to the previous 9.62 rate. Most likely, in 6 months we will still have a high inflation rate and continued high percentage on the I-Bond. One of the few available options to get decent 'short term' rates, and government issued.

    ----- kj
  • OPAOPA Posts: 16,794 ✭✭✭✭✭

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • tincuptincup Posts: 4,213 ✭✭✭✭✭

    Down side... you are limited to $10,000 per year (unless you use your income tax return); and you have to trust the U.S. government as to the risk.

    ----- kj
  • rickoricko Posts: 89,849 ✭✭✭✭✭

    @OPA... Sure... but when stacks were accumulated at $4.50 - $6/7 per ounce, one does not consider haircuts like this.... Cheers, RickO

  • OPAOPA Posts: 16,794 ✭✭✭✭✭

    @ricko said:
    @OPA... Sure... but when stacks were accumulated at $4.50 - $6/7 per ounce, one does not consider haircuts like this.... Cheers, RickO

    Agree, but what purpose do you have in mind from your gains from 20+ years ago? I'm curious, from you own comments, you have not sold any of your PM's and do not intent to do so. So what are your plans, if any, for your accumulation?

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 89,849 ✭✭✭✭✭

    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

  • TwoSides2aCoinTwoSides2aCoin Posts: 42,632 ✭✭✭✭✭

    Slide on down. Lap some up.

  • i honestly hope it craters to 10 bucks an ounce as i am in it for the long haul, maybe premiums will follow. waiting to back the truck up. no offense intended.

  • derrybderryb Posts: 33,804 ✭✭✭✭✭
    edited May 15, 2022 11:08AM

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    "If you don't own gold you know neither history nor economics." - Ray Dailo

  • OPAOPA Posts: 16,794 ✭✭✭✭✭

    @ricko said:
    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    For now....down to 1 gallon. However, you could get 2 or more gallons not that long ago.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • blitzdudeblitzdude Posts: 4,176 ✭✭✭✭✭

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    It used to be a 1964 Roosevelt would get you a gallon of gas.....perhaps just inflation or maybe just gutter math. lol

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 33,804 ✭✭✭✭✭
    edited May 16, 2022 4:53AM

    @blitzdude said:

    It used to be a 1964 Roosevelt would get you a gallon of gas.....perhaps just inflation or maybe just gutter math. lol

    There has never been enough silver in a thin dime to cover the cost of a gallon of gas and gas has never cost ten cents.

    Makin' stuff up again?

    "If you don't own gold you know neither history nor economics." - Ray Dailo

  • derrybderryb Posts: 33,804 ✭✭✭✭✭

    @OPA said:

    @ricko said:
    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    For now....down to 1 gallon. However, you could get 2 or more gallons not that long ago.

    yep, every now and then PMs not only keep up with inflation but perform even better.

    "If you don't own gold you know neither history nor economics." - Ray Dailo

  • OPAOPA Posts: 16,794 ✭✭✭✭✭

    @derryb said:

    @OPA said:

    @ricko said:
    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    For now....down to 1 gallon. However, you could get 2 or more gallons not that long ago.

    yep, every now and then PMs not only keep up with inflation but perform even better.

    Unfortunately, that has not been the case with silver over the last 10 years. And it doesn't appear to be in the future.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 33,804 ✭✭✭✭✭

    @OPA said:

    @derryb said:

    @OPA said:

    @ricko said:
    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    For now....down to 1 gallon. However, you could get 2 or more gallons not that long ago.

    yep, every now and then PMs not only keep up with inflation but perform even better.

    Unfortunately, that has not been the case with silver over the last 10 years. And it doesn't appear to be in the future.

    yet that 64 JFK still buys me a gallon of gas. Appears silver does offer inflation protection.

    "If you don't own gold you know neither history nor economics." - Ray Dailo

  • rte592rte592 Posts: 852 ✭✭✭✭

    @derryb said:

    @blitzdude said:

    It used to be a 1964 Roosevelt would get you a gallon of gas.....perhaps just inflation or maybe just gutter math. lol

    There has never been enough silver in a thin dime to cover the cost of a gallon of gas and gas has never cost ten cents.

    Makin' stuff up again?

    I'll Look later for the picture.
    A friend had a dollar off gas at Fry's promotion.
    We filled up about a year ago under a $1.
    No lie.

    BRANDON could do it again, but he'd blame _ _ _ _ _.

    Anyone like wheel of fortune?
    Title is
    AMERICAN BUSINESS MAN.

  • OPAOPA Posts: 16,794 ✭✭✭✭✭

    @derryb said:

    @OPA said:

    @derryb said:

    @OPA said:

    @ricko said:
    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    For now....down to 1 gallon. However, you could get 2 or more gallons not that long ago.

    yep, every now and then PMs not only keep up with inflation but perform even better.

    Unfortunately, that has not been the case with silver over the last 10 years. And it doesn't appear to be in the future.

    yet that 64 JFK still buys me a gallon of gas. Appears silver does offer inflation protection.

    However,. you could have purchased 2 gallons last year and up to 10 gallons 11 years ago. I don't consider that "inflation protection"

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 33,804 ✭✭✭✭✭
    edited May 16, 2022 10:51AM

    @OPA said:

    @derryb said:

    @OPA said:

    @derryb said:

    @OPA said:

    @ricko said:
    @OPA.... Stacking of PM's is insurance against the dollar.... and obviously has worked. Cheers, RickO

    @derryb said:

    @OPA said:

    @ricko said:
    This is not the first time PM's have dipped.... They will recover, and there will be significant future peaks. Relax... If you don't need the cash, don't worry. Cheers, RickO

    You have a short memory....Silver has had a crew cut since 2011....

    yet that 1964 JFK will still buy a gallon of gas. . . and probably always will.

    For now....down to 1 gallon. However, you could get 2 or more gallons not that long ago.

    yep, every now and then PMs not only keep up with inflation but perform even better.

    Unfortunately, that has not been the case with silver over the last 10 years. And it doesn't appear to be in the future.

    yet that 64 JFK still buys me a gallon of gas. Appears silver does offer inflation protection.

    However,. you could have purchased 2 gallons last year and up to 10 gallons 11 years ago. I don't consider that "inflation protection"

    a gallon of gas for a fifty cent piece? Definitely inflation protection. Those greenbacks protecting ya? LOL

    "If you don't own gold you know neither history nor economics." - Ray Dailo

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