@privatecoin said:
It's only just begun................
I agree 100%. I buy both gold and silver. Originally I did it to fund retirement but thank god I don’t need it for that. Now I do it as another way to build generational wealth for my kids and grandkids plus I enjoy it. I think gold goes past $10,000 and silver $250 or more. If Bitcoin can be $115,000 and it’s a not a real hard asset why wouldn’t the metals hit these numbers?
JMHO
Mike
Difference between the metals and bitcoin is supply. Unlike bitcoin, there will always be new metal. What drives PM price upward is demand. Understanding "why the demand" provides insight on when to direct more resources to buying PMs.
Metals are not infinite. While more may be mined, unless we successfully occupy space permanently there is a finite supply. While there is a finite supply of bitcoin, it is entirely faith based no different than that a fiat dollar. There is no material value.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
@Azurescens said:
I will be honest.. I don't understand complex financial instruments, and I'm OK with never fully getting it. Our money is fake and our stock market is fake. Both are managed by schemers who I hate with every fiber of my being.
It's all just made up BS and frustrates me to no end. What I like about gold and silver is there is nothing for me to "get". You buy it and you sell it and use that money to buy more. Or you just buy it and keep buying more. That's really it. At the end of the day, you either have it or you don't have it.
I really like that a lot.
Hate to tell you, but the same folks that manipulate the stock market manipulate PM prices. Maybe even more.
We have a national debt that is 37.5 trillion today. Loan servicing this year will exceed 1 trillion dollars. Now here’s the biggest issue that we don’t hear about. The additional unfunded liabilities of USA is estimated to be another $100 trillion dollars (give or take ). The options for the government is raise taxes by 25-30 percent and stop spending or print fiat money and have the treasury buy the bonds because other countries don’t want it. Central banks are buying gold and if they are, I’m buying too. I can go into the whole M2 money supply that’s showing the debasement of the dollar.
Silver is a whole issue. Most industrial usage and how much of it that’s sitting in landfills because it’s not worth recycling Yet.
I think we go much higher and if I’m wrong then my beneficiaries will have fun selling it.
JMHO
Mike
debt is irrelevent to the indebted party when that party can simply print the currency needed to service that debt. The concern for our national debt should be its affect on the dollars in our wallets.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@Azurescens said:
I will be honest.. I don't understand complex financial instruments, and I'm OK with never fully getting it. Our money is fake and our stock market is fake. Both are managed by schemers who I hate with every fiber of my being.
It's all just made up BS and frustrates me to no end. What I like about gold and silver is there is nothing for me to "get". You buy it and you sell it and use that money to buy more. Or you just buy it and keep buying more. That's really it. At the end of the day, you either have it or you don't have it.
I really like that a lot.
Hate to tell you, but the same folks that manipulate the stock market manipulate PM prices. Maybe even more.
Yes, and I have opinions on that subject that I shouldn't share here because I don't want to be banned.
CME (futures exchange operator where spot price is set) uses margin requirements to pull momentum out of the futures market. This is usually done to halt explosive up moves and contain them (market manipulation), but can be used in quick bear markets as both shorts and long are subject to margin requirements. Margin increases force traders to put up more capital or sell off contracts to meet requirements. This in turn reduces demand for the contract and is reflected in a lower spot price.
Margin rates for silver contracts have been pushed to their highest level on recent record. There was another hike in margin rates in this latest week and the gold price didn’t even blink. This is a very bullish sign.
No Way Out: Stimulus and Money Printing Are the Only Path Left
History says $50 is met with a smack down, leading to a natural entry point for today's paper play.
This time is gets off the mat and keeps going! (although I always exit leveraged plays within 48 hours regardless)
@carew4me said:
History says $50 is met with a smack down, leading to a natural entry point for today's paper play.
This time is gets off the mat and keeps going! (although I always exit leveraged plays within 48 hours regardless)
momentum is too great for a COMEX/LMBA smackdown. Physical buyers have taken over the market and are currently setting the price. Probably see a rush to take delivery of futures contracts. $50 was the magic number. Small correction underway.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I never thought upward price movement so suddenly would make me uneasy or nervous. The implications for what is going on behind the scenes and what is happening to our fake currency is disconcerting.
I get that it is long overdue and likely has a long way to go. People said the thing happening now would happen. I expected this to eventually happen. I guess it is just weird it is here.
Comments
Metals are not infinite. While more may be mined, unless we successfully occupy space permanently there is a finite supply. While there is a finite supply of bitcoin, it is entirely faith based no different than that a fiat dollar. There is no material value.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Looks like $44 per ounce is on it's way....
Hate to tell you, but the same folks that manipulate the stock market manipulate PM prices. Maybe even more.
We have a national debt that is 37.5 trillion today. Loan servicing this year will exceed 1 trillion dollars. Now here’s the biggest issue that we don’t hear about. The additional unfunded liabilities of USA is estimated to be another $100 trillion dollars (give or take ). The options for the government is raise taxes by 25-30 percent and stop spending or print fiat money and have the treasury buy the bonds because other countries don’t want it. Central banks are buying gold and if they are, I’m buying too. I can go into the whole M2 money supply that’s showing the debasement of the dollar.
Silver is a whole issue. Most industrial usage and how much of it that’s sitting in landfills because it’s not worth recycling Yet.
I think we go much higher and if I’m wrong then my beneficiaries will have fun selling it.
JMHO
Mike
MIKE B.
debt is irrelevent to the indebted party when that party can simply print the currency needed to service that debt. The concern for our national debt should be its affect on the dollars in our wallets.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Yes, and I have opinions on that subject that I shouldn't share here because I don't want to be banned.
44 cash
44.45 futs
Silver historically moves with gold.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Courtesy Schiff Gold:
CME (futures exchange operator where spot price is set) uses margin requirements to pull momentum out of the futures market. This is usually done to halt explosive up moves and contain them (market manipulation), but can be used in quick bear markets as both shorts and long are subject to margin requirements. Margin increases force traders to put up more capital or sell off contracts to meet requirements. This in turn reduces demand for the contract and is reflected in a lower spot price.
Margin rates for silver contracts have been pushed to their highest level on recent record. There was another hike in margin rates in this latest week and the gold price didn’t even blink. This is a very bullish sign.
No Way Out: Stimulus and Money Printing Are the Only Path Left
44.25
45.11 k
45.47 f
k 46.50
f 46.82
futs 47.20
futs 47.70
Hard to say where this bull market is going.
I knew it would happen.
k 47.02
f 47.05
Just up
$50 silver this week?
Gonna have to change the title again soon?
Nuts
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
$80 in '26?
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
Certainly a different scenario that we have seen for decades.
A local major CT precious metals buyer said last week the refiners are inundated and many are turning away customers.
i was afraid of that
is it just silver or silver and gold?
Gold is no problem, but the silver is. If you look at Arizona coin exchange, they haven't updated metal buy prices: https://www.azcoinexchange.com/BuyList.htm
Apmex in the past would not be buying various silver. I told him to wait until it hits $50/oz and the real nuts will start coming out of the woodwork.
He said that it has to be hedged in with large quantities which cost so much a month percentage wise.
Silver Dec futures have been trailing spot by $0.20-0.30 for the last few days.
Just up
Good thing physical demand hasn't had an affect on spot price in decades.
Customers being turned away will be grateful in a few years that the sucker down the street wouldn't take their $250/oz silver for $45.
not good sign for silver
we need 90% futures
It's within a quarter
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
corrected for inflation:
No Way Out: Stimulus and Money Printing Are the Only Path Left
Will the price rise stall if world events stabilize?
the decline in gold and silver over the past hours was attributed to the gaza conflict "deescalation" by bloomberg talking heads tonight
i think this is just momentum carrying it up like it ran from 3k to 3.5k some months ago.
i'm waiting on more signs the impending bankruptcy is causing it
i really expect a big drop when the government reopens
49.95 this morning! It wants to blow past 50!
Shows $50 from JMBullion and SDbullion
Wonderful day in the Gutter. JM at $50.11 and SD at $50.04. Plus Gold at $4052.85.
Mike
MIKE B.
History says $50 is met with a smack down, leading to a natural entry point for today's paper play.
This time is gets off the mat and keeps going! (although I always exit leveraged plays within 48 hours regardless)
Loves me some shiny!
$50.44
Check that. $51.06 lolz
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
Spot is about $1.27 higher than the Comex December contract.
I knew it would happen.
Spot is now $50.46 and Comex December Futures are $48.07, a differential of $2.39 - very significant backwardation.
I knew it would happen.
momentum is too great for a COMEX/LMBA smackdown. Physical buyers have taken over the market and are currently setting the price. Probably see a rush to take delivery of futures contracts. $50 was the magic number. Small correction underway.
No Way Out: Stimulus and Money Printing Are the Only Path Left
AGQ entry at spot $48.xx
Loves me some shiny!
Keep in mind that AGQ follows futures contracts, not current spot. Translation: be patient while holding AGQ
No Way Out: Stimulus and Money Printing Are the Only Path Left
The smackdown will be a reason for dealers to pay even less under spot.
I never thought upward price movement so suddenly would make me uneasy or nervous. The implications for what is going on behind the scenes and what is happening to our fake currency is disconcerting.
I get that it is long overdue and likely has a long way to go. People said the thing happening now would happen. I expected this to eventually happen. I guess it is just weird it is here.
"Pull back on the stick Captain, we're going into a steep dive".
kitco high was 51.27
gutter metal? no
glitter metal
No Way Out: Stimulus and Money Printing Are the Only Path Left