I’ve been a fan of PMs for a long time, both physical and stocks. I listened to talk radio in the early 90s that harped on buying PMs, so I guess it wore off on me. I like junior miners and I also dink around with leveraged gold price stocks, which are scams for the uneducated and should be viewed as gambling. I see physical PMs as a hedge against government overreach and inflation but not an investment. With that said, given the global movement of CBDCs, PMs may just become an investment leading up to 2030. But the all-time highs you are seeing now are a result of people realizing that inflation is here to stay, the USD is weakening, the Fed isn’t going to solve that issue, and interest rates will likely start dropping in Q2 2024 with inflation still way above the “goal” of 2%. As an added bonus, central banks are accumulating massive amounts of gold, and guess what they aren’t buying? Crypto.
China has been buying gold, which drives gold and silver up.
There are always rallies around Thanksgiving and toward end of year just as there are always summer drops when the traders are off on vacation.
Also, prices often drop at end of year because people need to do selloffs to raise cash before end of quarter EOY.
Do NOT succumb to FOMO and panic buy-ins; the market LOVES to screw small inexperienced investor/traders. You may buy in then see prices drop with the pros going 'neener neener, fuck you'.
Once Trump gets in and the economy improves, the dollar will be worth more and the PM prices will drop. Do NOT sink lots of money into PMs, always make this risk capital and for the longterm.
And here we have proof that retarded neocon hebes make the world so much better. Don't forget to kill a lot of Palestinian children in the Gaza concentration camp today, Bibi.
I’ve been a fan of PMs for a long time, both physical and stocks. I listened to talk radio in the early 90s that harped on buying PMs, so I guess it wore off on me. I like junior miners and I also dink around with leveraged gold price stocks, which are scams for the uneducated and should be viewed as gambling. I see physical PMs as a hedge against government overreach and inflation but not an investment. With that said, given the global movement of CBDCs, PMs may just become an investment leading up to 2030. But the all-time highs you are seeing now are a result of people realizing that inflation is here to stay, the USD is weakening, the Fed isn’t going to solve that issue, and interest rates will likely start dropping in Q2 2024 with inflation still way above the “goal” of 2%. As an added bonus, central banks are accumulating massive amounts of gold, and guess what they aren’t buying? Crypto.
"gold is money." (J. P. Morgan). Why should one not hold money, that has been around for thousands of years and is accepted everyhere?
There are two prominent factors right now.
Also, prices often drop at end of year because people need to do selloffs to raise cash before end of quarter EOY.
Do NOT succumb to FOMO and panic buy-ins; the market LOVES to screw small inexperienced investor/traders. You may buy in then see prices drop with the pros going 'neener neener, fuck you'.
Once Trump gets in and the economy improves, the dollar will be worth more and the PM prices will drop. Do NOT sink lots of money into PMs, always make this risk capital and for the longterm.
You people need to be remanded to a psychiatric facility.
Trust the plan! NCSWIC!!1 MAGAAAaaaa.
Holy fucking shit dude. Take your medication, please.
Hi Obama. How's the fudge packing business?
And here we have proof that boomers shouldn't be allowed on the internet.
And here we have proof that retarded neocon hebes make the world so much better. Don't forget to kill a lot of Palestinian children in the Gaza concentration camp today, Bibi.
Swing and a miss.
I read that as Jewish for 'line drive!', Bibi.
The market is pricing in rate cuts which is bullish for gold
look at the 1 yr chart on silver still not that high
Yea I'm lost here. It's gone up less than 2% in the past 3 days?
Silver is for the working class, gold is for kings. Neither one will ever go to 0, like fiat currencies always do.