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hardyakkagold said:
Maybe so, but you have to admit that the price momentum is all to the downside at present, and we have not even seen a proper correction in stocks/cryptos as of yet.

If it was not for the recent near 10% drop in the Aussie Peso, we would already be down to $2400 gold and $20s silver.

Depressing times in the metals for sure unless you are cashed up and looking to buy.

I think I'll join the catfish in another round of drinks, might make the price look a little more respectable;)
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It's worth being patient. We're only in wave 3 down of 5. Lots more to drop
 
The S is HTF but metals aren't responding, has the public forgotten about metals? Not glamorous enough compared to cryptos and NFT's?
 
probably pirates? o_O
Aaargh.... With de inflation related fears and de odder non-fiat money investments having aye difficult time, I'm surprised silver for one is still sitting so low in the ass of its 2 year channel.
Any'a ya other stranded forsaken skurvy ridden hoarders of the lost treasures hear'n the call?
;)

I fell the eyes of the kraken upon me...
Mu ha ha ha ha haaaa...
 
Gold and Silver have a very poor correlation to periods of inflation and rising interest rates, especially like we are seeing now. This has been shown statistically over very long time periods. So its guesswork as to Gold and Silvers prices in periods of rising rates and inflation.

What is important though and something that most people here are intimately aware of, is that G&S over time are a very good hedge against inflation, which I think is a very different point than the above. So while inflation and rising rates is currently wrecking precious metal prices, over the long run they will rebound to capture the fall in value of the dollar (and increased price of normal goods).

As a guess I think this means periods of low prices like we have now, in the face of rising rates and inflation, means there will be an unwinding of price to the upside in the next......how every many months or years, but it will protect the devaluing of the dollar with inflation, so it will rise.
 
GreatWhiteBullion said:
Gold and Silver have a very poor correlation to periods of inflation and rising interest rates, especially like we are seeing now. This has been shown statistically over very long time periods. So its guesswork as to Gold and Silvers prices in periods of rising rates and inflation.

What is important though and something that most people here are intimately aware of, is that G&S over time are a very good hedge against inflation, which I think is a very different point than the above. So while inflation and rising rates is currently wrecking precious metal prices, over the long run they will rebound to capture the fall in value of the dollar (and increased price of normal goods).

As a guess I think this means periods of low prices like we have now, in the face of rising rates and inflation, means there will be an unwinding of price to the upside in the next......how every many months or years, but it will protect the devaluing of the dollar with inflation, so it will rise.
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Metals don't seem to be hedging against inflation now, their prices are falling not inflating along with other products. This is the worst period of inflation in two generations and metals are going down, not up. I am more inclined at this point to see metals as a hedge against currency collapse, not price inflation. This is also not the best thread to post this comment, probably better in one of the general metals topics. Having said that, welcome to the forum and thank you for your first post GreatWhiteBullion!
 
GreatWhiteBullion, the way things work today is the best investors look to the future and stay ahead of other investors, in 2021 oil went to $0 and inflation went down for a few months but that was when Gold skyrocketed, the first few months after covid and peaked in Aug 2020 (in anticipation for higher inflation in the future), then in Jan 2022 gold started going down with the higher inflation numbers because the FED started fighting inflation by raising interest rates and pulling money from the economy, if the fed was ignoring inflation gold would be higher. It's very amateur to look at a CPI print and buy gold because of it you probably will lose. Buy gold when there is low inflation and wait for not really the CPI inflation but the asset inflation, asset inflation goes down with raising rates, ie stocks, houses, commodities although not always, I think the difference this time is the FED is acting very aggressive with the hikes and are making themselves look credible in regards to inflation.
 
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