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

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Mountain trapper said:
Gold is down over $55 today.
Click to expand...
Update time.
Gold is down another $55 today, to $2302.60 .
Hopefully, anybody looking to sell, nailed it when it was over $2400.
Silver is back down to $26.61 .
Sorry, it's annoying graph time:(:
Screenshot_20240430-134016_kindlephoto-1600069671.png

Looks like we need a new panic:(.
 
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Supervisor42 said:
Update time.
Gold is down another $55 today, to $2302.60 .
Hopefully, anybody looking to sell, nailed it when it was over $2400.
Silver is back down to $26.61 .
Sorry, it's annoying graph time:(:
View attachment 129022
Looks like we need a new panic:(.
Click to expand...
I was probably late to the PM game simply due to life, but I am still way in the black. Anyone who has had it for a while is far beyond me.
 
Supervisor42 said:
Update time.
Gold is down another $55 today, to $2302.60 .
Hopefully, anybody looking to sell, nailed it when it was over $2400.
Silver is back down to $26.61 .
Sorry, it's annoying graph time:(:
View attachment 129022
Looks like we need a new panic:(.
Click to expand...
I got the fun money out when it was peaking. Still keeping my 10% in to cover for crazy stuff.

There are some trends that only look at month end numbers. Dow vs gold is an example. Jim Rickards news letter suggested the gold price is being manipulated to ensure it didn't finish the month above $2300.

I am ok with that because the primary method of driving down the price of gold is to sell it cheap. Eventually they will run out of gold to sell.

Ben
 
China is buying gold. It kinda makes one wonder exactly why? Perhaps they see the US Treasuries as future junk? Some think it's an indicator that China is getting ready to invade Taiwan. Still, if China is buying gold and not US debt, then it is worth paying attention to.

Personally, I think inflation is going to get much much worse. In that environment, PM's would be a good place to store wealth. I bought my PM's with the intention of keeping them and that's exactly what I'm going to do. I don't put too much stock in the daily or montly values b/c it's a long term investment for me. IF all goes well in our economy (doubtful) then my kids will have some metal to deal with. I'm sure they won't mind.

https://www.bloomberg.com/news/arti...nt-and-center-of-gold-s-record-breaking-rally
 
angie_nrs said:
China is buying gold. It kinda makes one wonder exactly why? Perhaps they see the US Treasuries as future junk? Some think it's an indicator that China is getting ready to invade Taiwan. Still, if China is buying gold and not US debt, then it is worth paying attention to.

Personally, I think inflation is going to get much much worse. In that environment, PM's would be a good place to store wealth. I bought my PM's with the intention of keeping them and that's exactly what I'm going to do. I don't put too much stock in the daily or montly values b/c it's a long term investment for me. IF all goes well in our economy (doubtful) then my kids will have some metal to deal with. I'm sure they won't mind.

https://www.bloomberg.com/news/arti...nt-and-center-of-gold-s-record-breaking-rally
Click to expand...
Not just Chin@: 🐝 R l C $ (yep - code on that one) They are forming a "backed" cu rren cy.
 
angie_nrs said:
China is buying gold. It kinda makes one wonder exactly why? Perhaps they see the US Treasuries as future junk? Some think it's an indicator that China is getting ready to invade Taiwan. Still, if China is buying gold and not US debt, then it is worth paying attention to.

Personally, I think inflation is going to get much much worse. In that environment, PM's would be a good place to store wealth. ...
Click to expand...
With gold so high, it is so tough to "buy."

And yet, if we remember we are just transferring wealth from one form into another (with a transaction cost, of course), and if we really believe the other form of wealth (gold) is more durable in tough times than our normal form of wealth (currency), and if we believe tough times are coming, then it totally makes sense to exchange the less durable form of wealth for the more durable form of wealth.

I thought I might be done buying when gold went over $2000/ozt. But........
 
Tacitus said:
With gold so high, it is so tough to "buy."

And yet, if we remember we are just transferring wealth from one form into another (with a transaction cost, of course), and if we really believe the other form of wealth (gold) is more durable in tough times than our normal form of wealth (currency), and if we believe tough times are coming, then it totally makes sense to exchange the less durable form of wealth for the more durable form of wealth.

I thought I might be done buying when gold went over $2000/ozt. But........
Click to expand...
I don't think an all in/ out position is good for us. I like the bottom minimum 10% in. We move in and out when the time seems right.

Not investing advise. Just my musings.

Ben
 
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