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Metals sure are getting hammered today...
Meltdown
Posts: 9,338 ✭✭✭✭✭
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Meltdown
Posts: 9,338 ✭✭✭✭✭
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ZSL
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Hammered, holed, engraved, melted , reshaped , reformed. Down , up, …
I’ll take it.
.900
.720
.400
.800
.925
Any form or fashion.
Keep buying that gutter while it's still high. I'll probably convert Momma's IRA back into the AGQ when spot gets back in the mid to low $30's. THKS!
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?
you should be riding it down.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Yeah.......maybe......although there are much better places (less volatile and completely predictable) to be putting my $$$ at the moment. No doubt the gutter pig continues to get slaughtered. 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?
volatility is a two way street
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Okay...Do tell.
Much better places to put money
(less volatile and completely predictable)
I prefer the volatility with somewhat predictability.
You should probably shop around for the best Money Market rate.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Paper , scissor, rocks. I prefer physical to paper and stack higher with lower costs. What good is money ?
I wasn't gonna buy more but if it keeps dropping then it is hard to say no.
meh, if you napped for an hour you missed nothing. > @rte592 said:
BlitzO always singles out Silver. Gold crashed through 4k thing this morning. yawn. I mean YAWN. If you over slept you missed a GREAT buying opportunity.
COPPER is gutter !
How about now ? Is there ever a good time ?
If you build a position in precious metals over time, the daily stuff really doesn't matter. Just keep stacking when you have unused cash that you won't have to tap into in an emergency. Given what is happening in the financial markets, the direction for precious metals is up and a growing position in PMs will keep you intact.
I knew it would happen.
I totally agree. I'm always using my "unexpected" income (from metal detecting for lost pocket change, recycling bottles & cans, selling coins & books I don't need anymore) to buy physical precious metals. That's a good amount of 90% silver plus one or two fractional gold coins per year from money I never really expected to have and would never rely on to pay for my regular expenses. The short term ups and downs don't matter, it's a long term nest egg.
In retrospective there is always something "better" you could or should have done with your spare money, but I'm still pretty happy with my strategy after a few years of "stacking" little by little.
It is highly unlikely that PMs will outperform a standard 60/40 portfolio or diversified stock funds.
.
Highly likely.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Is this when someone says past performance is no guarantee of future performance?
Maybe we could/should cherrypick a date to better control the narrative?
Someone might also conclude that differing asset classes have done well over the last 25 years.
Knowledge is the enemy of fear
The claim was "It is highly unlikely that PMs will outperform a standard 60/40 portfolio or diversified stock funds." Since no time period was specified a 25 year snapshot is a common, modern yardstick for asset performance. Most major asset classes have gained since 2000, but not as well as Gold. Next 25 years likely to show more impressive results for gold.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
No, that's classic cherry-picking. 2000 was a major, multi-decade low for gold but a decade HIGH for stocks. Pick a multi-decade low for stocks and the results blow gold out of the way.
Rolling time periods are used by professional money managers. Using 20 or 30-year rolling time periods.....from 1990 or 1995 as a starting base.....stocks won 75% of the time and averaged 10-11% total returns....gold was just under 8%.
Data shows your investment advice to be at least 25 years old. I prefer to use charts for my decisions that are a bit more recent and show current trends. Best approach for an investment decision, just as in betting, is "given recent data what are the odds. . . ?" Or one could just look at decades old data and make an ill informed decision and hope that nothing changes.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Gold down over 3% as of my last check today. I have an old stack so the daily moves don't bother me, I just continue to add on the dips as I am in for the long term 😎
🇺🇸 Harlequin
harlequinnumismatic@gmail.com
Home of the Americana Collection of USA silver coins
Gold
3,885.80
-114.70 -2.87%
Could the gold gravy train be over?