Does gold and silver go "To the Moon" if

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GRANDAM
GRANDAM Posts: 8,785 ✭✭✭✭✭
in Precious Metals

the US and or Israel deceide to take out Iran's Nuclear weapons program because I think it is about to happen,,,,, sooner rather than later.

GrandAm :)

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  • BLUEJAYWAY
    BLUEJAYWAY Posts: 11,796 ✭✭✭✭✭
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    Don't know if the metals will go to the moon if that action takes place, but Iran might go there 🚀

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    Not even a mushroom cloud will get silver and gold to the moon.

  • RiveraFamilyCollect
    RiveraFamilyCollect Posts: 910 ✭✭✭✭
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    I think the only thing that will moonshot gold and silver is if the U.S. Dollar lost its world reserve currency status. Which seems unlikely currently.

    Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    @RiveraFamilyCollect said:
    I think the only thing that will moonshot gold and silver is if the U.S. Dollar lost its world reserve currency status. Which seems unlikely currently.

    in progress

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
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    Israel deceide to take out Iran's Nuclear weapons program because I think it is about to happen,,,,, sooner rather than later.

    Looks like a preemptive strike about 45 mins ago, gold spiked about $30

  • GoldFinger1969
    GoldFinger1969 Posts: 3,472 ✭✭✭✭✭
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    @GRANDAM said:
    the US and or Israel deceide to take out Iran's Nuclear weapons program because I think it is about to happen,,,,, >sooner rather than later.

    No, because unless it escalates it's a 1-time positive. It's not something that is going to really move gold like Iran vs. Iraq in 1979.

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    There's every indication that it could escalate, i.e., interfering with shipments in the Straits of Hormuz. And we haven't even seen what the response will be.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @jmski52 said:
    There's every indication that it could escalate, i.e., interfering with shipments in the Straits of Hormuz. And we haven't even seen what the response will be.

    Been there, done that.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
    edited June 15, 2025 4:06AM
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    I keep buying physical silver on dips. Plenty of reasons for it to stay on an uptrend. Maybe not to the moon, but probably above the inflation rate.

    My US Mint Commemorative Medal Set

  • johnny9434
    johnny9434 Posts: 34,068 ✭✭✭✭✭
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    Its never a good time for any this to go on 😕

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    @johnny9434 said:
    Its never a good time for any this to go on 😕

    especially on a PM forum

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • johnny9434
    johnny9434 Posts: 34,068 ✭✭✭✭✭
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    @derryb said:

    @johnny9434 said:
    Its never a good time for any this to go on 😕

    especially on a PM forum

    😉😑

  • Silverstacker
    Silverstacker Posts: 72 ✭✭✭
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    @RiveraFamilyCollect said:
    I think the only thing that will moonshot gold and silver is if the U.S. Dollar lost its world reserve currency status. Which seems unlikely currently.

    Except its slowly happening. Gold just displaced the Euro as the #2 world reserve.

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    buy on the dip … just the same as it always is.

  • GoldFinger1969
    GoldFinger1969 Posts: 3,472 ✭✭✭✭✭
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    A nothingburger, as a few of us said. :)

    Let that be a lesson..... :)

  • Azurescens
    Azurescens Posts: 2,907 ✭✭✭✭✭
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    @derryb said:

    @RiveraFamilyCollect said:
    I think the only thing that will moonshot gold and silver is if the U.S. Dollar lost its world reserve currency status. Which seems unlikely currently.

    in progress

    I've been trading my foraged goods and farmed mushrooms for other produce and meat and stuff. The number of farmers and other outdoorsmen who accept gold and silver as payment is higher than ever before. I traded some steelhead for a years supply of cherries last week and the money i saved can now go to silver.

    You'd think this would be something to celebrate but now that it is happening it is making me kinda nervous. We've always had a hot barter economy but not this hot, and normies never fully dialed in to gold and silver but now they are.

    One idea I've had is I don't really want to be living in a world where I'm trading 90% silver for canned beans and hygiene supplies, but then I realized I'm currently trading fake dollars for those things. This is really strange to live through.

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