The new highs are saying that interest rates are too low if it were a free market economy. The rate cuts are to bail out real estate refinancing. Instead of devaluing currency in the middle of the night they are letting inflation run wild.
Gold at another new record high. Ho. Hum.
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Viking
Yellow Jacket
I bought some more silver today. So give it a couple weeks if you’re looking to buy some when the prices will inevitably be lower…
LOL....i set goals too...even though i am well set i always have a goal out there, really just a hobby at this point
need ~185ozt of silver, 3.5oz PT, been giving my grandkids gold for all the holidays the last few years and need to replace some maybe ....but not in a hurry and not in a fomo issue...
did buy some silver last week nothing to get to excited about
Do your grandkids, or their parents, understand what they're getting?
That's an important part of this. Frankly, a child isn't able to understand the importance of long-term future planning. It takes time, and brain maturity, for them to grasp it.
That's an important part of this. Frankly, a child isn't able to understand the importance of long-term future planning. It takes time, and brain maturity, for them to grasp it.
i did the same thing to my kids as they were growing up ...they were able to buy cars etc when the time came so they understand...my daughter(mother to the grandkids) still has some of the PMs from her childhood so she understands and she is the major breadwinner in their family, my son-in-law a fine man is more of a "stocks" kind of guy .....the kids are still young (preschool) so we shall see as time develops...... but it sure beats buying them piles of throwaway Chinese toy crap
both of my children are very financially astute and responsible so i see no reason for the grandchildren to be trained otherwise
i 100% agree that financial understanding and training should be a major component to a childs upbringing
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I thought I would feel better when gold went parabolic. All thew silver bugs will experience brief euphoria too until they realize what parabolic silver means to the overall state of the economy.
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Rather childishly, I check my balance when we hit a new ATH in gold.
And curiously, I no longer feel better on seeing the new headline number.
There was a moment when it hit my year of birth (in £sterling terms) and I am now able to evoke a memory for the year that gold currently sits at.
Today for a moment, it looked like we might hit 1984 and that somehow seemed appropriate ..........
And curiously, I no longer feel better on seeing the new headline number.
There was a moment when it hit my year of birth (in £sterling terms) and I am now able to evoke a memory for the year that gold currently sits at.
Today for a moment, it looked like we might hit 1984 and that somehow seemed appropriate ..........
Cigarlover
Yellow Jacket
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I think the recent move is based on recession fears. For now anyway. I do think the metals are sniffing out a recession that is a lot worse than what Wall Street is pricing the market at. For now. Wall Street might also just be loading up on shorts waiting for the spark (that they will probably create) to drive the markets lower so they make billions on the way down. Just speculation on my part.
At this rate it could be there tomorrow.
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I bought some gold when it was around $350. But I did not have much to spend. Later when I had real money, it was much higher. Sigh. But I am still glad for the outcome.
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Piker. I bought my first K-rands for $198 in-hand. But then, I'm old.
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Gold breaks $2,700 barrier for first time on safe haven demand
- Hezbollah says it will escalate war with Israel
- Gold hits record high of $2,714.00; prices up 2% for the week
- Silver set for weekly gain
Spot gold rose 0.7% to $2,711.75 per ounce by 0933 GMT, having hit an all-time high of $2,714.00 earlier in the session. Bullion has gained over 2% so far this week. U.S. gold futures gained 0.7% to $2,726.90.
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Thus the BRICS was born...
The world is LEAVING the hegemony of the dollar!
The thing is most people have no clue!
Cigarlover
Yellow Jacket
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I don't know anyone in person who is talking about the BRICS. Only online peeps. It is coming but not right now. Going to take some time to implement it. Also will be just for governments to transact in. Wont affect the average person who will still use local currency. For now anyway.
Cigarlover
Yellow Jacket
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Since around July, gold has been in a very nice uptrend and pretty much staying within that narrow channel. Top of the channel is about 20 dollars above where we are now and bottom is about 80 below where we are now. Gold is up about 37% for the year. Silver up about 33% for the year.
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Safe-haven demand secures gold near all-time highs
- Gold has risen more than 32% so far this year
- We should see silver cross above $35/oZ - analyst
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I miss Axstone.
You won't hear a peep about it from the average until it becomes absolutely imminent.
Just don't make the mistake of thinking it's gonna take Decades, 'cause it won't. It'll be before end of this Decade. Have no doubt about that.
They aren't doing all this to have a workable system in place 2, 3, or even four Decades down the road.
Now that it's happened...time to batten down the hatches. Check your **OTHER** metal supply - and your technical skill in using it. Time to check your own fuel tank - closet, boxes or hole in the ground. Protein and fat. The same people who want to kill you with not-vaxxes, tell you your diet should be carbohydrate-based.
I think it's in months, maybe weeks. I don't think this political season will end well - it will end with Martial Law and a fast, public execution of Literally-Hitler.
My time for cake and champagne will be when my silver stash breaks even . It’s only down 4% today 
I don’t know if the bullionvault numbers deduct the storage and insurance costs but after more than 10 years it will not be insignificant.
Having waited this long and we are not there yet , should I ride the wave and seek an actual profit or should I cash in and buy me a bitcoin ?
I don’t know if the bullionvault numbers deduct the storage and insurance costs but after more than 10 years it will not be insignificant.
Having waited this long and we are not there yet , should I ride the wave and seek an actual profit or should I cash in and buy me a bitcoin ?
Viking
Yellow Jacket
YesMy time for cake and champagne will be when my silver stash breaks even . It’s only down 4% today
I don’t know if the bullionvault numbers deduct the storage and insurance costs but after more than 10 years it will not be insignificant.
Having waited this long and we are not there yet , should I ride the wave and seek an actual profit or should I cash in and buy me a bitcoin ?
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What ever happened to him?
Cigarlover
Yellow Jacket
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Well, you've held this long. Might as well wait for some profit. My own thoughts are as follows.My time for cake and champagne will be when my silver stash breaks even . It’s only down 4% today
I don’t know if the bullionvault numbers deduct the storage and insurance costs but after more than 10 years it will not be insignificant.
Having waited this long and we are not there yet , should I ride the wave and seek an actual profit or should I cash in and buy me a bitcoin ?
The metals I have are a preservation of wealth. Yes they are there in an emergency but mostly as preservation of buying power. If your intention was just to turn a profit then probably better investments out there. However right now seems like a pretty good time to ride the wave.
My thesis is that eventually the dollar will fail and whatever I have in metals will get me to the other side. Probably start off fairly well on the other side. Much better than if I was holding dollars that eventually go to 0.
Absolutely. As George Gammon and others keep pointing out, short-term, other investments, such as stonk in industries approved by the Regime (MIC, wind power, battery "cars," Big Pharma) will rise in value with the erosion of the dollar's value. The feeling will be, the value of the business, or at least its break-up value, remains stable, unlike the fiat-dollar. So its share price should go up. And erosion of the dollar means more financial chaos, which means MOAR QE!!! BAD NOOZE IS GOOD!
QE, we all know, is using three-card monte between the Fed, the mega-Banksters, and the Stonk Market to launder printed-up/digital-creation fiat.
So, yeah, if you want to see your figures on your device grow faster than the dollar falls, go to Stonx.
If you want something after it all collapses in a smoking pile - and maybe even have something if Armageddon is put off a few moar years, however it's done - then PMs, in hand, are a safer bet.