Gold price going up sharply

[A2coins]

I'm hoping silver tags along with it

 

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[smokeythecat]

Or Merc dimes, Tommy.

 

[Jason in Enid]

The PM markets are stupid now. With all the withdrawal of cash from the trading stocks, commodities like gold and silver should be exploding in value, yet they are dropping too.

 

[fistfulladirt]

The gold price is set by whatever they ​want it to be.

 

[ARC]

IMO... Gold will never be 1200 again... ever.

Want my wag ?

Gold will never again drop below 1500 and will be on sharp rise soon.

 

[DeepseekerADS]

I'm heavy in silver, got a wee bit of gold. I wanna see silver in a "new" light Geez, the high was once $52 per ounce

 

[smokeythecat]

$1613.00

 

[TheHunterGT]

$1572 and falling like a rock today...

 

[Mackaydon]

$1568
Don.....
PS: Hang in there AARC, you may still see $1,200 gold
PPS: And we may soon see $12 silver; something I've waited years to see again.

 

[Jason in Enid]

$1568
Don.....
PS: Hang in there AARC, you may still see $1,200 gold
PPS: And we may soon see $12 silver; something I've waited years to see again.

We may indeed. My theory is that the PM market has fundamentally changed. PM's used to 100% about wealth. When you held PMs, it was in coins, jewelry or bullion. When stock markets began to fail, people put their money into PMs to wait out the market roller coaster. Thats why traditionally, PMs and stocks were inverse of each other. Not any more. Now PMs rise and fall with markets. Thats because PMs are being used ever increasingly in manufacturing. So now, when markets fall, people buy less, production slows, and PM reserves rise. So, I think we are forever locked into PM values basically mirroring the stock market moves.

 

[ARC]

Wait for it... wait for iiiiittttttt................

Wait till the turn....

then

BUY BUY BUY ! ! !

 

[BillA]

BTFD (probably not allowed, BTD)

I should add, I'm a contrarian
Smoky - as long as there is belief in paper, specifically US paper, you are correct; manipulated mkt to say the minimum
but some believe that the US has overreached, the foundations are now comprised of debt

 

[smokeythecat]

$1577

 

[fistfulladirt]

‘Cause a couple billion in freshly printed paper contracts dumped.

 

[pat-tekker-cat]

Holding....

What a crazy rollercoaster ride!

I got SO LUCKY!
I was able to luck out last week, with some sucky munibonds,
that have continually SUNK, since I got them.
Had to wait 8 yrs, just to be sure NOT to lose principal.
It finally went back up, I put in a sell order, (got my check already),
within the next few day, it dropped .33 cents a share!

I had my plan, I stuck to it, made a small profit, all worked out good.

 

[Johnnybravo300]

With the dips and extra buying opportunities everyone should be well prepared.
We havent seen anything yet.

 

[smokeythecat]

$1542

I am doing NOTHING with my investments. Most are what they call "fixed Asset" so no matter WHAT the stock market does, when the company "calls" back the instrument I get all my principal back and up to 10% annual return in the meantime.

 

[BillA]

Smokey - kinda sounds as if your "asset" is debt ? (as contrasted with say an apartment house yielding rental returns)
different side of the ledger, yea . . . .
counterparty risk becomes an issue

hold the faith

 

[smokeythecat]

I have $648 in debt which is being paid off tomorrow...you might read up on fixed assets. You buy a piece of the company and as part of the contract, they pay you interest say, over 10 years. You invest $10,000. You get interest in my case at 6.75% compounded for 10 years. You get the interest every 90 days. In cash. At the end of the 10 years you then get your $10,000 back as cash.

 

[BillA]

my family was from SF and wealthy, lots of apt buildings and 2ed mortgages (pre&post WWII)
what you are describing is identical to an interest-only 2ed (and the recourse seems little better)

"counterparty risk becomes an issue"