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PM Downward Slide??

erwindocerwindoc Posts: 4,896 ✭✭✭✭✭

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?

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Comments

  • SoldiSoldi Posts: 2,013 ✭✭✭✭✭

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

  • thefinnthefinn Posts: 2,652 ✭✭✭✭✭

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

    thefinn
  • RobMRobM Posts: 527 ✭✭✭
    edited May 11, 2022 7:45PM

    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: 22,269 ✭✭✭✭✭

    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: 27,329 ✭✭✭✭✭

    Will pick some up for food measure (I hope)

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    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: 3,001 ✭✭✭✭✭

    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: 1,108 ✭✭✭✭

    @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: 4,312 ✭✭✭✭✭

    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: 36,025 ✭✭✭✭✭

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

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,501 ✭✭✭✭✭
    edited May 13, 2022 2:57PM

    @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

  • blitzdudeblitzdude Posts: 5,294 ✭✭✭✭✭

    Back to the gutter perhaps? RGDS!

    The whole worlds off its rocker, buy Gold™.

  • tincuptincup Posts: 4,722 ✭✭✭✭✭

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

    ----- kj
  • jmski52jmski52 Posts: 22,269 ✭✭✭✭✭

    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: 527 ✭✭✭

    @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: 9,961 ✭✭✭✭✭

    @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: 98,724 ✭✭✭✭✭

    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: 4,722 ✭✭✭✭✭

    @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: 17,104 ✭✭✭✭✭

    @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: 4,722 ✭✭✭✭✭

    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: 98,724 ✭✭✭✭✭

    @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: 17,104 ✭✭✭✭✭

    @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: 98,724 ✭✭✭✭✭

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

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,760 ✭✭✭✭✭

    Slide on down. Lap some up.

  • silverbulsilverbul Posts: 139 ✭✭✭

    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: 36,025 ✭✭✭✭✭
    edited May 15, 2022 10:08AM

    @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.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @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: 5,294 ✭✭✭✭✭

    @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: 36,025 ✭✭✭✭✭
    edited May 16, 2022 3:53AM

    @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?

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,025 ✭✭✭✭✭

    @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.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @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: 36,025 ✭✭✭✭✭

    @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.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • rte592rte592 Posts: 1,387 ✭✭✭✭✭

    @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: 17,104 ✭✭✭✭✭

    @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: 36,025 ✭✭✭✭✭
    edited May 16, 2022 9:51AM

    @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

    The decline from democracy to tyranny is both a natural and inevitable one.

  • justindanjustindan Posts: 689 ✭✭✭✭✭

    I bonds can be sold after five years penalty free. You can get an additional up to $5k in I bonds through your tax return if you are owed money.

    Don't forget about TIPS and EE bonds offer through the archaic Treasury direct.gov website.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @derryb said:

    @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

    I just don't understand your logic that silver is an inflation protection when it has lost half its value over the last 10+ years.
    You might as well compare 1lb of ribeye stake and come up with the same scenario.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,025 ✭✭✭✭✭

    I guess your 64 JFK's don't buy a gallon of gas. LOL

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @derryb said:
    I guess your 64 JFK's don't buy a gallon of gas. LOL

    They do, but my 1 lb ribeye steak will get me 2+ gallons now. B)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • taxmadtaxmad Posts: 960 ✭✭✭✭
    edited May 17, 2022 2:32AM

    @OPA said:

    @derryb said:
    I guess your 64 JFK's don't buy a gallon of gas. LOL

    They do, but my 1 lb ribeye steak will get me 2+ gallons now. B)

    I don’t think 58 year old ribeyes will do that 🤮

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @taxmad said:

    @OPA said:

    @derryb said:
    I guess your 64 JFK's don't buy a gallon of gas. LOL

    They do, but my 1 lb ribeye steak will get me 2+ gallons now. B)

    I don’t think 58 year old ribeyes will do that 🤮

    It's been in a "cryonic deep freeze" waiting to be resurrected. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭

    we have devolved into nonsense here

    yes gas was once 10 cents a gallon , just watch an episode of andy griffith

    sometimes a silver dime is equal to a gallon of gas sometimes its a quarter or a half or a steak or 3 steaks so what?

    gas pricing is not related to beef or silver value.

    gas is miraculous. a gallon of gas for those of us not jaded is a wonder. It will move my 5000 pound truck with a full cargo load 15 miles in any direction a thing our ancestors couldnt have ever dreamed of

    i think gas is underpriced if anything.

    gas price is extremely variable though, mainly due to political factors which cant be plotted in any chart

  • JimTylerJimTyler Posts: 3,001 ✭✭✭✭✭

    Our ancestors couldn’t dream of your 5000 pound truck and your descendants will also marvel at the fact you used gasoline to move your 5000 pound truck. I have no idea how they will transport long in the future. It’s fascinating what we will never know. People during the roaring 20’s would think your nuts that an oven can cook food without heat. As my doctor dictated instructions into a microphone last time I saw him with and accent and speed I couldn’t tell what he was saying I asked him if that computer really tell what he’s saying. Of course it knew every word. I was amazed thinking how far voice recognition has come and I said just think what computers will be like in 200 years. He said it is beyond our comprehension (like the microwave oven to someone in the 1920’s).

  • RelaxnRelaxn Posts: 841 ✭✭✭✭

    @rcmb3220 said:

    @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

    Glorious? It will be misery and despair... why would it be Glorious?

    There already people having to choose between eating or affording fuel to work/take kids to school etc?

    If the economy shits the bed... there will be nothing glorious about it. There will be death, misery and sorrow.
    People losing their homes....

    Glorious why? Because you have some pm's and you are hedged? Or

    There were a reported 22 suicides from the $LUNA/UST blowup.
    If the housing market goes how many?
    Diesel fuel goes to 10$ a gallon and then what?
    How will people afford to eat?

    Please think what it means from a broader perspective for metals to spike.

    Hedges are preservation of wealth not growth vehicles.

  • RelaxnRelaxn Posts: 841 ✭✭✭✭

    @RobM said:

    @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.

    10k per social # or LLC.
    You can put 10k away for each kid and each business you own.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,760 ✭✭✭✭✭

    Saw a Rivian parked in front of the shop yesterday. No gas. Quiet as a mouse. 11000 pounds towing capacity. Impressive. RIVN seems a better investment tool than SLV.

    Speaking of gas :neutral:

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    An unc 64 Kennedy in 1964 got you about two gals of gas. Today, I can sell that Kennedy for $11. About two and a half gals.

    Not as good as a couple of years ago but still strong.

    I tried selling oats to buy gas but that is a difficult transaction.

    Have a nice day
  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    edited May 18, 2022 10:49AM

    @streeter said:
    An unc 64 Kennedy in 1964 got you about two gals of gas. Today, I can sell that Kennedy for $11. About two and a half gals.

    Not as good as a couple of years ago but still strong.

    I tried selling oats to buy gas but that is a difficult transaction.

    I have to admit....Very strong.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    OPA
    A couple of years ago that Kennedy was $15. Gas was about $2.00

    That's Seven and a half gallons of fuel. Now we've seen silver slide and gas rocket up and we're still at two and a half gallons.

    It is beyond me how anyone has the audacity to call silver ' gutter'. Clearly talking their book or don't know which end is up. Sell me all the 64 Kennedy halves you have in stock at 18-20x face.

    A great time to buy silver if you can manage the stiff premiums.

    Have a nice day
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