Silver up 4% Oil down 17% on cease fire news
Wingsrule
Posts: 3,276 ✭✭✭✭
Stock futures up 2%+
0
Wingsrule
Posts: 3,276 ✭✭✭✭
Comments
Some people just cannot help themselves...
And to think, I'm the one stuck in jail. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I’m not one to say ‘told ya so…..” buy the dip
``https://ebay.us/m/KxolR5
AMEN lolz
COPPER is gutter !
My mail delivery arrived on time yesterday. Will that move the markets? 😆
Yep it's a casino...place your short term bets.
People look to be gradually selling the news.
and now we are back to buying the news
Loves me some shiny!
“Often wrong, but never in doubt.”
What brings tomorrow?
Knowledge is the enemy of fear
No man knows what tomorrow brings but ….. what’s up, today ?
``https://ebay.us/m/KxolR5
Dam, I've got a quart of unopened motor oil in my garage, that I guess went down in price today.
😂
I went out for lunch, filled the car with gas @$4.59/9.
Drove across town, got lunch and on the return trip home drove by the same gas station showing $4.49/9.
Timing is Everything
Good folks will now have more money to spend on coins. That increased value of your collection, will more than make up for your bad timing on the gas purchase. LOL
Yogi Berra
Loves me some shiny!
“Often wrong, but never in doubt.”
All bets are off come Monday (werd)
It's deja vu all over again.
According to Quote The Raven, "Gold’s reaction function has changed over the last six months. At the start of the Iran conflict, gold behaved the way gold bulls expected it to behave: missile strikes, regional escalation fears, and oil-supply risk created a classic safe-haven bid. But lately, similar headlines have produced the opposite reaction.
The market is no longer treating geopolitical volatility as automatically bullish for gold. It appears to be asking whether the volatility keeps inflation hotter, oil higher, the dollar stronger, and rates elevated for longer."
When gold and silver move together, it signals the coming end of fiat money.
It's a precious metal freefall today. Yikes.
if we can go back to 30 an oz and 2-2400 per oz of gold that'd be nice
Why (I know so you can buy more), but really why? Why do you want to own more of something that is worth so much less? If you believe in precious metals, why not buy what you can afford and hope they go up? I believe in buying the dips, but if gold and silver each take a 50% haircut something has gone terribly wrong.
Philippians 4:4-7
Because I believe the current value of it was pumped and inflated due to hype. Also its become pretty much unaffordable, and historically speaking once its gone up record amounts its always come back down to original or lower prices.
There are of course two ways to look at it. Gold is already very expensive and is getting more so. As with any expensive item, it's not an easy decision to shell out multiple thousands of dollars for an ounce of gold. On the other hand, why is it happening?
https://fred.stlouisfed.org/graph/fredgraph.png?g=1VRZh&height=490
Is the Fed going to reduce the amount of money back down to "original" levels or lower? I don't think so.
Check out the M2 chart if you want to know why the price of gold and silver are doing what they are doing. Now, tell me that Congress isn't being goosed right now to spend even larger and more vast piles of dollars. You can't. It's only getting worse.
Buying gold or silver isn't a short term proposition, and the prices have historically been manipulated to mask the shenanigans being played with our money, but it seems obvious to me that the monetary metals - gold and silver - will continue to respond to the creation of more dollars ad infinitum.
Buying gold or silver isn't like buying an overblown AI or tech stock that has multiples way beyond what earnings can support. PMs aren't designed to be a leveraged "play" to triple your money overnight and don't think that buying coins of the real stuff is in any way analogous to any of the get rich quick mirages that Wall Street continues to pump.
Contrary to a get rich quick scheme, saving in gold and silver absolutely REQUIRES that you understand what's happening in the whole monetary/financial/political system. Weimar really did happen and now the same dynamics are in place, but it's happening worldwide and not just in one country.
Gold and silver are only going "up" in relation to all currencies which are all going "down". As an alternative to gold or silver you could buy vintage automobiles or rare art or real estate, but gold and silver are much more liquid in times of volatility. Be advised.
I knew it would happen.
It's true that it probably ran too far too fast. It is also true that historically, similar run ups have resulted in dramatic crashes. However, you never answered my question. Why would you want to own more of something that is worth less? If your only consideration is owning a lot of something regardless of value, I'll sell you all my baseball cards from the 70's, 80's, and 90's and give you a really good deal.
Philippians 4:4-7
Cause I like $20 gold pieces and rolls of quarters, but I don't want to be spending 5 grand on a single coin and 6-700$ for a roll of 40 90% quarters
But why do you like them? Because they have value? If so why do you want their value to go down by so much?
I like gold and silver too, and I plan on keeping what I have. Therefore, I don't really want to lose the approximately $2,400 and $50-$60 per ounce in unrealized gains I currently have in gold and silver. Like I said, buy the dips, but why wish for a crash. I just don't understand that logic.
Philippians 4:4-7
I like them cause I like to collect coins, espc WQ's. Numismatic value over bullion.
Fair enough, but this is the Precious Metals Forum...
Philippians 4:4-7
Gutter is definitely headed there, the real stuff not so much. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
we'll never see $30 and $2400 again.
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