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Not sure I share your enthusiasm about the $36 becoming the new floor in silver, Sammy.

We have got to that level many times previously only to come right back down again.

We have still got Comex paper silver futures casino running the make-believe house of cards game.

And silver is now more of an industrial metal than a monetary one these days, so with weakening demand in that sector prices might struggle to go higher.
 
Not sure I share your enthusiasm about the $36 becoming the new floor in silver, Sammy.

We have got to that level many times previously only to come right back down again.

We have still got Comex paper silver futures casino running the make-believe house of cards game.

And silver is now more of an industrial metal than a monetary one these days, so with weakening demand in that sector prices might struggle to go higher.


Are you seeing a floor that you think is likely for silver then or do you think it more likely they it will just float around n the doldrums at the mercy of whatever forces have been keeping a lid on it? There is no doubt a good deal of apathy and fatigue among people who invested in it in the last decade. It’s such a tricky thing to understand, given the current world economic situation I would have expected a lot more movement in either direction for both metals.
 
We speak of the doldrums, but both silver and gold are up AUD 60% since January 2020, 20%pa ain’t half bad.
Until I find something better to do with my spare cash I’ll just keep DCA, preferably on the dips, then blow the profits on cocaine and hookers.
Hopefully I won’t get a bad batch, of either.
 
Speaking of XRF scanners, any newbies on here make sure you get your precious metal items scanned sooner rather than later when buying from anyone [no exceptions].

I had an interesting experience a couple of days ago that might be of interest to someone here...

So, I decided to treat myself and buy a nice second-hand piece of jewellery from a well-known Melbourne second-hand jewellery and antique dealer.

The guy is well respected in the trade and has his business in one of the most expensive eastern suburbs near Toorak.

Anyway, to cut a long story short after taking the jewellery home I started to get suspicious that the item was a fake as it did not have the right feel about it
and the colour seemed to be a bit off.

Then it was off post haste to old mate dealer in the city to get it XRF scanned.

The result was "Top Grade Gold Plated Lead", which I must say did not surprise me.

So back to the dealer, I went to get my money back.

When confronted as to why he was selling fake jewellery, his answer was that it was not his fault but the vendor's fault who had consigned the piece of jewellery!

When I asked him why he had not used an XRF to scan the item his answer was that he did not have an XRF.

And when I asked him why not his answer was because he was running a small business and could not afford one!

This guy employs half a dozen people in his multi-million dollar business and yet is willing to ruin his reputation over refusal to spend $10k to $20k for a second-hand
XRF machine.

I pointed out to him that old mate dealer has a small boutique business in the city with no employees and has had an XRF for a decade, to which he responded
by shrugging his shoulders and looking away.

I would love to name him and shame him but I won't because he can probably hire more expensive lawyers than me to sue me for defamation.

Even my local shitty cash converters had one
 
I’ve had several fake crownies this year….thanks to my SIGMA unit I got me $$$ back
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US launches airstrikes in Syria & gold does jack squat!

This a sign of the times, that it is not geopolitical and military issues that are driving gold now but financial instability issues.
 
US launches airstrikes in Syria & gold does jack squat!

This a sign of the times, that it is not geopolitical and military issues that are driving gold now but financial instability issues.
Syria is old news
Ukraine will be too soon, they've already renamed Bakhmut so everyone forgets how "strategic" it was.
Waiting for the next hot zone, too early for Taiwan or Iran so not sure where.
 
^^^
gold is in uncharted territory…spots UP, but AUD DOWN…two magnets going on opposite directions…I’m betting on $3100AUD, close of business (US)

eitheyway,

me likey…likey…
 
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