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Metal prognostications regarding the North Korean Missile Crisis....
Coinstartled
Posts: 10,135 ✭✭✭✭✭
Good for Silver, bad for gold? Neutral for Platinum?
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any effect will last less than 24 hours
not a crisis, a mouth show. Any escalation will be over in a flash.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Head around the Monopoly board enough times and eventually you land on Boardwalk.
Hope that you are right, derryb.
back to $16's within 6 mos
Loves me some shiny!
“Often wrong, but never in doubt.”
Platinum...RIP...
I would think that you would enjoy the density.
Only when reading your posts, I also look at old sales...
PM's just ain't what they used to be.
Just some spikes and dips.... nothing long term or of magnitude... Cheers, RickO
Gold movement is determined by dollar movement. When looking at affect of anything besides the dollar on gold, one should be asking "what is the affect of this on the dollar?" Correctly determine the affect of an event on the dollar and you have determined its affect on gold.
What this tells us is that the future of gold can be determined by correctly calculating the future of the dollar and its status as world reserve currency. The world reserve currency status is what makes the dollar react to world events.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
That's a bunch of gobbledygook...
...to anyone who doesn't understand what it says.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
It says.... nothing...
It says something.
Something easily proven false.
Liberty: Parent of Science & Industry
$1270 on gold and the naysayers are ecstatic. At $400 the point would be valid but as noted the metal held for a consistent term has handily beat inflation. That is it's job, to maintain wealth as paper money is being multiplied.
Oh of course Nasdaq was a better play or tulips or farmland or oil or AU58 coins. One can always choose their target and be right.
Took a look at the Dow 30 of 1976.
Included were:
Bethlehem Steel....bust
Chrysler..................bust
Kodak.....................bust or nearly so.
GM..........................bust
Sears......................a fart away from bust.
Woolworth.............gone as a brand.
That is 20% of the index. Just stating that the stock market was the smart play is not enough, one would have had to be nimble as well.
https://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_Average
Glicker, er al.....this is the dumbest argument that the gold bugs consistently use. Can you figure why, or do you need to be learned?
Knowledge is the enemy of fear
What is the second dumbest argument, Cohodk? I certainly do not want to look like an idiot in the long shadow of your shimmering brilliance....
2nd dumbest would be whatever you say next. Haha.
Come on, you can figure this out. Why is your comparison flawed?
Knowledge is the enemy of fear
Cohodk, on the morning of 911, I woke up late. I had about a half dozen phone messages, all from an out of town friend. I saw on my computer that the towers had been destroyed.
I called my friend and asked him what the hell had happened. He said "really...you don't know?"
I said no. A couple more times he repeated the "you really don't know?"
I hung up the phone and got the info off the computer.
Chatting with you reminds me a bit of that rather dense friend.
If you have comments regarding comparisons between gold and equities please state them so that we can move on.
You've certainly made some compelling arguments in this thread, coinstartled.
I'm just having a hard time getting past the fact that you were still asleep after 8:00 in the morning on a Tuesday!!! Who does that, anyway?
If you didnt know what happened on 9/11 then who was dense?
I'm trying to get you to do some critical thinking aside for the usual "doom and gloom, PMs are great" hype machine.
Maybe I'll just let you live with ignorant bliss rather than burden you with knowledge.
Here's a hint, gold has never gone to zero and neither has the stock market. Maybe now yiu can see where your thinking is flawed.
Knowledge is the enemy of fear
individual precious metals have never gone to zero.
individual stocks. . . well that's quite another story.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Folks in the Pacific time zone. We don't all wake up early to see Katie Couric getting a colonoscopy on live TV.
It still was unusual that I was asleep at the time.
Woke up at about 5 am PST and checked a few things on my crappy little laptop. Went back to bed and got up a bit later. Looked at the screen and on the left side of the CNN Money page was a tiny image of the burning towers. It was small and I couldn't really tell what I as seeing. Wondered why the markets were frozen......They did in fact open for a short time after the attack.
Unknown......and what my friend was too dumbfounded to share was over the other attacks on the Pentagon and the fourth plane heading for DC with at the time an unknown target. Quite a bit of course happened that morning, though Cohodk was probably drooling into his frosted mini wheats contemplating the resulting stock market decline......
You're close derryb, but still comparing generalities to specifics. Kinda like me saying the DOW, NAZ and SP500 have never gone to zero.
Some people have indeed lost all their money by holding physical gold.
Knowledge is the enemy of fear
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
_Some people have indeed lost all their money by holding physical gold.
_
I think he was referring to the fat rich guys riding through Sherwood Forest.
Here's a warning parable for coin collectors...
Or guys that think a dozen 1/2 ounce proof AGE's are a good thing to buy with a credit card when spot is $1800 an ounce.
That guy still has the gold because he is still trying to sell them for $1000 each with no takers but hes got no mo money 
My great uncle (18 times removed) Hans VanderGlicker, sold the family shoe repair business in Rotterdam and declared boldly over a dinner of braised lamb and a bottle of Goldschlagger that he was going all in on Tulips.
He was warned of course that prices had already increased twenty fold. No fear said his neighbor Herringdk, things are different now and with the seeds reinvested you will be wealthy in a few months.
Well Hans did well for a while and boasted wildly throughout the town square about his expertise in the flower market. He unashamedly belittled those that were not nearly as smart as he was.
Things did not turn out so well after that and at 412 years of age....he is back repairing worn out shoes.
Tulips are fun
Beware of the Huns
Bank with the Rothschilds
Suck on a Rothschilds
Spec Shave!
Amazon is great..
For the heavy hitter..
Strike three though..
For those who like Twitter!
Write off Shave1
So you're telling me that no one has ever had gold coins or bars stolen from them? Or that they were destroyed in a house fire? Or fallen out of a pocket? Or simply misplaced?
If that's so then why are there stories on this forum about gold missing in transport, or cans full of gold found in CA, or in the walls of an old house, or by metal detectorists in the desert?
There is absolutely no difference in having an individual stock go bankrupt and losing a coin. The net result is loss of capital.
Stop with the false news, alternative fact nonsense that people lose money in stocks and not in PMs.
Knowledge is the enemy of fear
you go from assets becoming worthless to having them stolen. Next it will be aliens coming for your gold.
I never said people don't lose money in PMs. I did say PMs have never become worthless.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
You guys say the stock market is terrible then cite people losing money with individual stocks.
So I'll counter and say the PM market sucks and cite people losing individual coins.
Folks in both asset classes have realized 100% losses.
Knowledge is the enemy of fear
Peninsula is once again heating up.