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̶$̶2̶0̶ ̶$̶3̶0̶$̶4̶0̶ ̶$̶5̶0̶ ̶$̶4̶0̶ ̶$̶3̶0̶ ̶$̶2̶5 Hey blitz. . .

derrybderryb Posts: 36,809 ✭✭✭✭✭
edited October 21, 2024 5:13PM in Precious Metals

at what price is it no longer "gutter" metal?

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,102 ✭✭✭✭✭

    When it gets on the curb? :)

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    There have been several spikes throughout modern history but once the hype subsides it always drifts back to where it started. Thats why they call it the gutter metal. Don't forget to sell this time, assuming you can find a buyer. LOL. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,843 ✭✭✭✭✭

    "They" don't call it gutter anything. The only time that blitz will stop calling silver "gutter" is when he can claim to have made a boatload of $$$s from owning it.

    Which is unlikely since he thinks that SLV is the same as physical silver and he ignores the risks involved in a button-clicking environment where the HFT boys have every advantage.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • lcoopielcoopie Posts: 8,872 ✭✭✭✭✭

    Name calling is best left in preschool.

    LCoopie = Les
  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    @jmski52 said:
    "They" don't call it gutter anything. The only time that blitz will stop calling silver "gutter" is when he can claim to have made a boatload of $$$s from owning it.

    Which is unlikely since he thinks that SLV is the same as physical silver and he ignores the risks involved in a button-clicking environment where the HFT boys have every advantage.

    I'm making $$$ on SLV right now. Go gutter. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭
    edited October 22, 2024 4:05PM

    P.S, was recently looking at the gutter (Ag) to more expensive gutter (Pt) ratio and it appears to be at historical lows. Pure speculation play here but have decided to dump some physical gutter for the physical Pt.

    PITA, paper is SO much easier but we will see if added the effort pays off. Boat anchors and doorstops are just plain fugly (and practically useless). RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,843 ✭✭✭✭✭

    Pure speculation play here but have decided to dump some physical gutter for the physical Pt.

    Silver is much more liquid, and at much tighter spreads & lower premiums.

    Both silver and platinum have good potential at this time.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • tincuptincup Posts: 5,135 ✭✭✭✭✭

    " PITA, paper is SO much easier but we will see if added the effort pays off. Boat anchors and doorstops are just plain fugly (and practically useless). RGDS! "

    I agree, that if one is trying to create income stream using silver, holding the physical is not as convenient.

    But if one views it as a 'strategic' style investment (long term hold, diversification, hedge against dollar, etc...) .... well, just look at the long term graph of silver, say from 1936 on to present. There seems to be little doubt as to the trend. Very impressive; whether that will continue, who knows?

    ----- kj
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