Today, Saturday I just bought a couple grand worth of Silver

Homesteading & Country Living Forum

Help Support Homesteading & Country Living Forum:

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Neb said:
We just told our advisor ok to sell half of gold holdings. If the price drops we locked half of our gains. If it keeps going up we still have piece of the action.

Not investment advise!
Click to expand...
Wise move! It's at $2,141 now.
Super Quote:
"It's not a blip, folks."
(sorry, no annoying graph:(.)
 
Supervisor42 said:
Wise move! It's at $2,141 now.
Super Quote:
"It's not a blip, folks."
(sorry, no annoying graph:(.)
Click to expand...
$2,153 now. It's not a blip.
(sorry, it's annoying graph time again :( )
Screenshot_20240306-115805_kindlephoto-1655565673.png
 
Supervisor42 said:
$2,166 now (no graph).
Somebody else please post so I won't be guilty of 'Meerkating' a thread :(.
Click to expand...
EEEEK, Threadkiller :p. Now its on me, you can relax.

I got a few ounces of assorted precious metals, but it's mostly Lead and Brass.
 
dademoss said:
Another new term for the Lexicon, Meerkatting a thread :Dancing Chicken:
Click to expand...
Off topic: She would post 9 or 10 posts in a row in less than 30 minutes so anybody that looked at the thread would see only her posts :mad:.
Most of them were meaningless drivel:(.
After I do 3 in a row, I cut myself off, even if I have new info to add.
 
Not much that can be said that isn't speculation.

So to speculate

Why is it going up?
Crypto is pushing up as well. Is crypto competing with gold?

Is the dollar loosing its value? Is the BRICS currency looking better than the dollar?

Was news the US government was spending $1T every 100 days a factor?

Is FJB scheming to grab the Russian assets and give it to Ukraine calling the dollars status as the reserve currency into question?

Gold upward rise has been moving in steps with limits at nice round numbers. Are programmed sell orders inhibiting gold climbing faster?

Don't know. Only guessing.


Ben
 
Neb said:
Not much that can be said that isn't speculation.

So to speculate

Why is it going up?
Crypto is pushing up as well. Is crypto competing with gold?

Is the dollar loosing its value? Is the BRICS currency looking better than the dollar?

Was news the US government was spending $1T every 100 days a factor?

Is FJB scheming to grab the Russian assets and give it to Ukraine calling the dollars status as the reserve currency into question?

Gold upward rise has been moving in steps with limits at nice round numbers. Are programmed sell orders inhibiting gold climbing faster?

Don't know. Only guessing.
Click to expand...
I believe it is from LOTS of people buying tons of it.
That is my oHpinion only.
I too saw it halting at round numbers too. It's easy to see how the machines are programmed.
(BTW, I loved your hidden pun: 'speculation', which trading in the gold market was always considered.)
 
Neb said:
Not much that can be said that isn't speculation.

So to speculate

Why is it going up?
Crypto is pushing up as well. Is crypto competing with gold?

Is the dollar loosing its value? Is the BRICS currency looking better than the dollar?

Was news the US government was spending $1T every 100 days a factor?

Is FJB scheming to grab the Russian assets and give it to Ukraine calling the dollars status as the reserve currency into question?

Gold upward rise has been moving in steps with limits at nice round numbers. Are programmed sell orders inhibiting gold climbing faster?

Don't know. Only guessing.


Ben
Click to expand...

We will understand why after Bidens State of the Union address.
 
Neb said:
Not much that can be said that isn't speculation.

So to speculate

Why is it going up?
Crypto is pushing up as well. Is crypto competing with gold?

Is the dollar loosing its value? Is the BRICS currency looking better than the dollar?

Was news the US government was spending $1T every 100 days a factor?

Is FJB scheming to grab the Russian assets and give it to Ukraine calling the dollars status as the reserve currency into question?

Gold upward rise has been moving in steps with limits at nice round numbers. Are programmed sell orders inhibiting gold climbing faster?

Don't know. Only guessing.


Ben
Click to expand...
I heard a story that banks are buying it because they are going broke on the other side- just a story I s’poze.
 
montanabill said:
I sold a little silver yesterday and they weren't paying much....I need to find another dealer maybe.
We will see this summer after banks start having more problems after march 11.
Click to expand...
We are back on topic!:oops:
Silver has been stuck in the doldrums for a year :(.
Silver:
Screenshot_20240307-204722_kindlephoto-1748028655.png
 
Neb said:
We just told our advisor ok to sell half of gold holdings. If the price drops we locked half of our gains. If it keeps going up we still have piece of the action.
Click to expand...
Hopefully he did his job and struck while the iron was hot. :thumbs:
It appears that the party is ending:(. (Annoying graph):
Screenshot_20240312-163938_kindlephoto-2071539633.png
 
lilmissy said:
Can you explain this to me
Click to expand...
Well, stuff goes up and down in the markets every day.
When the price of something spikes up a bunch in one day without a good reason, it is called a "blip" because it will correct back to 'normal' in the following days.
 
Last edited:
lilmissy said:
Can you explain this to me
Click to expand...
Supervisor42 said:
Well, stuff goes up and down in the markets every day.
When the price of something spikes up a bunch in one day without a good reason, it is called a "blip" because it will correct back to 'normal' in the following days.
Click to expand...
Not sure if you meant blip or fed chair - Jerome Powell is chairman of the federal reserve. He babbled a little today. It’s also why the market was up. (He contradicted himself but tried to convey the message that the economy is great).
 
I subscribe to the theory (or line of thought) that the market value of silver is relative to it's need in production of electronics/computer products. And lets face it - if there is no SHTF in our lifetime and not necessary in an economic collapse for barter.... the market value is all it's worth, and therefor a risky investment.
 
Camper said:
I subscribe to the theory (or line of thought) that the market value of silver is relative to it's need in production of electronics/computer products. And lets face it - if there is no SHTF in our lifetime and not necessary in an economic collapse for barter.... the market value is all it's worth, and therefor a risky investment.
Click to expand...
Unless you believe (like I do) that silver has been manipulated to keep it's value low. Many think that once silver gets traction, it will shoot way up and never return to the lower levels. That's not necessarily why I have some, but I don't plan on making computers with it either. For me, it's just another asset medium that I like to have in my diversified portfolio. I do not consider it risky at all. I can sell it anytime I want to. I have some silver now that I'd make about a 75% profit on if I wanted to sell it, but that's not happening.
 
angie_nrs said:
Unless you believe (like I do) that silver has been manipulated to keep it's value low. Many think that once silver gets traction, it will shoot way up and never return to the lower levels. That's not necessarily why I have some, but I don't plan on making computers with it either. For me, it's just another asset medium that I like to have in my diversified portfolio. I do not consider it risky at all. I can sell it anytime I want to. I have some silver now that I'd make about a 75% profit on if I wanted to sell it, but that's not happening.
Click to expand...
Two sides of every coin. Pun? Not exactly... I like to look at both sides. Thanks.
 
Camper said:
Two sides of every coin. Pun? Not exactly... I like to look at both sides. Thanks.
Click to expand...
Definitely not a 'risky' investment, very stable compared to all others.
Downsides: hasn't kept up with inflation, doesn't pay interest or dividends :(.
 
Supervisor42 said:
I saw it briefly hit $2199.00 (notice the round number) on FBN today.
Happy hunting! :thumbs:
Click to expand...
It seems to be resting comfortably above $2200 today, a brick wall that it kept bouncing off of monday :rolleyes:.
 
Last edited:
You must log in or register to reply here.

Latest posts

Back
Top