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Will Iran drive gold and silver higher?
HalfDime
Posts: 376 ✭✭✭✭
What we know about US strikes on Iran's nuclear facilities
The US contacted Iran through diplomatic channels on Saturday to say the air strikes were all it intended to do and that "regime change efforts" were "not planned", according to US officials speaking to the BBC's US partner, CBS News.
Iran could respond by targeting US military assets in the region. Its officials had earlier warned that any US attack risked a regional war and they would retaliate.
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Will gold and silver go higher as a result of the strikes, or will less nuclear threat mean they go lower.
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The military action is not that much of a surprise; but guess it will depend on the depth of any coming responses and how complicated things will get. In regards to gold and silver going higher... I think it might, but it already has been on an upwards trend that will likely continue.
Dollar goes up, gold goes down.
Knowledge is the enemy of fear
The uncertainty alone is bound to move the needle on gold.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Looks like a nothingburger for now. Did we save ticktocks yet? TDat-a-Bee tha REEL BREAKIN NeWZ! THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Only thing I know will go up for sure, is oil/gas.
Or perhaps not. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
gold has so many drivers already it doesn't even need a war to drive the price up, if the gold becomes tied to the dollar, we are looking at 27,000/ounce at 40 percent backing
Late to this thread but no. Same inaccurate premise used repeatedly.
Look at a price chart and see how it correlates to the supposed "fundamentals". It doesn't.
Yes, I know it matters "eventually" given a long enough time period. We're also all dead eventually. Silver it's still below its 1980 peak, 45 years later, and that's in nominal prices. We've been in a full-blown asset and credit mania the entire 21st century, yet the "fundamentals" actually "suck" and have for years.