@CaptHenway said:
Yes, the Economy is doing well thanks to eight years of good leadership prior to Jan. 20, 2017, but please re-read what I said, or have somebody read it to you.
The economy has done well because we, the people, are greater than any Govt. People gotta eat, gotta stay warm and dry, and like to practice making babies which leads to an increasing population and growing demand for the aforementioned.
The death of the USA will take much more than poor politics. The last 200 years demonstrates that.
Gold up because I sold 12 ounces Saturday to cover some construction bills.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
@CaptHenway said:
Gold up because I sold 12 ounces Saturday to cover some construction bills.
Are you planning on selling more?
Ten thousand ounces!!!!!!
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
@CaptHenway said:
I see that the U.S. Dollar Index is dropping close to 100. I believe that we will see it drop well below 100, and that precious metals will gain from the drop.
My opinion only. Your mileage may vary.
TD
Down to 93.27 after seven months. Gold not up as much as I expected.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
I think that holders of precious metals should be prepared for a stock market decline that directly impacts their holdings as contracts are liquidated to compensate for stock market losses.
If you can weather that problem, now is a fine time to continue normal accumulation - otherwise, it would be wise to plan operating budgets around a liquidity event by holding enough cash aside.
As I recall, precious metals recovered much more quickly and even outperformed most everything else after the 2008 event, but it took a little while for the flight to gold to take place. In other words, don't be vulnerable to a shakeout.
Q: Are You Printing Money? Bernanke: Not Literally
As I recall, precious metals recovered much more quickly and even outperformed most everything else after the 2008 event, but it took a little while for the flight to gold to take place. In other words, don't be vulnerable to a shakeout.
Agree, buy during the shakeout.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
@jmski52 said: When the sp500 dropped 13% in Jan/Feb 2016, gold went from 1060 to 1260.
I must not have even noticed.
The drop in stocks, or rally in gold? Most folks don't know the average stock dropped 20% in 2015/2016, and I believe is their basis for thinking a bigger drop is forthcoming.
As I recall, precious metals recovered much more quickly and even outperformed most everything else after the 2008 event, but it took a little while for the flight to gold to take place. In other words, don't be vulnerable to a shakeout.
Agree, buy during the shakeout.
Best time to buy anything is when it's on sale, especially productive assets.
Will be interesting to see if the Dollar drops off the edge of the table top when trading opens in three hours, and if so if gold goes in the opposite direction.
Or not.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Took a few days for the Dollar to break below 90, but it did with a vengeance.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
It's especially good for companies that have a lot of cash overseas and can bring it home for just a small tax. Interesting that the dollar index is down by about as much as the tax. Cool.
If anybody has any idea what in the heck this Administration really wants, please tell it.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
The Dollar has now slipped below 89, despite Trump's effort to support it yesterday in Switzerland.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Comments
The economy has done well because we, the people, are greater than any Govt. People gotta eat, gotta stay warm and dry, and like to practice making babies which leads to an increasing population and growing demand for the aforementioned.
The death of the USA will take much more than poor politics. The last 200 years demonstrates that.
Knowledge is the enemy of fear
I had a 8 month vacation talking about politics. Yall be careful.
ttt
Gold up because I sold 12 ounces Saturday to cover some construction bills.
Are you planning on selling more?
Ten thousand ounces!!!!!!
The runaway train just keeps on finding new people to exploit. Caesar said, "We can grow forever!" Yes indeed.
Dollar down, gold up.
ttt
I remember when this thread got ttt
twice a day, rather than once a month
Liberty: Parent of Science & Industry
ttt
Dollar index should start a steady climb now that Bannon is out. He was a strong supporter of a weak dollar in his trade battles.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Down to 93.27 after seven months. Gold not up as much as I expected.
Good call Capt. I didn't expect the dollar to drop as much as it did.
Knowledge is the enemy of fear
Dollar index now under 92. Gold up nicely.
ttt
90 is their goal.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Getting there.
ttt
BOING!!!
dive
I think that holders of precious metals should be prepared for a stock market decline that directly impacts their holdings as contracts are liquidated to compensate for stock market losses.
If you can weather that problem, now is a fine time to continue normal accumulation - otherwise, it would be wise to plan operating budgets around a liquidity event by holding enough cash aside.
As I recall, precious metals recovered much more quickly and even outperformed most everything else after the 2008 event, but it took a little while for the flight to gold to take place. In other words, don't be vulnerable to a shakeout.
I knew it would happen.
be prepared for a stock market decline that directly impacts their holdings as contracts are liquidated to compensate for stock market losses
When the sp500 dropped 13% in Jan/Feb 2016, gold went from 1060 to 1260.
Knowledge is the enemy of fear
When the sp500 dropped 13% in Jan/Feb 2016, gold went from 1060 to 1260.
I must not have even noticed.
I knew it would happen.
Agree, buy during the shakeout.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
The drop in stocks, or rally in gold? Most folks don't know the average stock dropped 20% in 2015/2016, and I believe is their basis for thinking a bigger drop is forthcoming.
Knowledge is the enemy of fear
Best time to buy anything is when it's on sale, especially productive assets.
Knowledge is the enemy of fear
The drop in stocks, or rally in gold?
Neither one. I'm busy managing my holdings and not letting them manage me.
I knew it would happen.
Gave ya the thumbs up.
Knowledge is the enemy of fear
ttt
ttt
weeeeeee
Steve
It's just a burp like a bubble in a boiling vat.
``https://ebay.us/m/KxolR5
ttb
Well how about that, even the metals are up a bit as 2017 draws to a close..
Liberty: Parent of Science & Industry
Even a burp tastes good smoetimes...
Here's a warning parable for coin collectors...
oil is driving metals up
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
What a tug of war.....oil pushing up and futures pushing down. Lol
Knowledge is the enemy of fear
and bitcoin pulling sideways
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
It's New Years derryb, New Years. Not April 1.
Knowledge is the enemy of fear
Just making sure you could read the calendar. Now work on the charts.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Shut down Friday!
Will be interesting to see if the Dollar drops off the edge of the table top when trading opens in three hours, and if so if gold goes in the opposite direction.
Or not.
Took a few days for the Dollar to break below 90, but it did with a vengeance.
Treasury Secretary says weak dollar is good:
http://thehill.com/policy/finance/370566-dollar-drops-to-3-year-low-after-mnuchin-praises-weak-us-currency?__twitter_impression=true
It's especially good for companies that have a lot of cash overseas and can bring it home for just a small tax. Interesting that the dollar index is down by about as much as the tax. Cool.
Knowledge is the enemy of fear
And now Trump sabotages Mnuchin's sabotage of the U.S. Dollar:
http://www.kitco.com/news/2018-01-25/Donald-Trump-s-Strong-Dollar-Comments-Push-Gold-Prices-To-Session-Lows.html
If anybody has any idea what in the heck this Administration really wants, please tell it.
DOW 100K
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
From your lips to God's ears.
Knowledge is the enemy of fear
The Dollar has now slipped below 89, despite Trump's effort to support it yesterday in Switzerland.