Precious Metals to Tank?

Discussion in 'Currencies' started by sammysilver, Jun 7, 2022.

  1. Peter

    Peter Well-Known Member

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    I think he predicts good times are coming.People buy gold preparing for bad times.
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Don’t believe this photo is from the actual Highway of death as note the lack of explosive damage and burnt up cars. This photo is the result of the Highway being cleared of abandoned vehicles by bulldozers.
     
  3. Real $

    Real $ Well-Known Member Silver Stacker

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    They have a bloody big hole to climb outta and faith in America fiat is at one of if not the lowest in history, while it's still the most widely used and accepted it's on a decline and the biggest and fastest push away from USD is happening right now...it will still take time but rate it is is surprising. Deleverage all they want there's no way in hell that gold will drop 50% yet alone more then that, it will do what it's always done some dips and then a slow but steady rise long term
     
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Gold is tied directly to the fiat flopping and not so much to other assets since its just real money and its also very undervalued compared to other assets.

    Everything the counterfeiters are doing is bullish so while the markets might tank 50% it doesnt mean gold would drop.
    Its held up awesome the last few years against everything thrown at it.

    Gold is still the reigning champ.
     
    Last edited: May 13, 2023
    Real $ likes this.
  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    Look at ebay mate no change to lunar or kook prices... that said you already need to have an 'aged' and sizeable stack for that to matter
     
  6. SilverNGold

    SilverNGold Well-Known Member

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    I am conflicted about the spot prices. The physical rising high fast sharply might mean I could possibly sell to get fiat profit. But then what? I would need the price to drop substantially to buy again.
    Better slowly rising prices.. which means we can continue to enjoy collecting cool coins and trading as collectors while having an insurance that we do not need to cash in on.
    Sharp huge increases in gold prices might mean a horrible situation we live in, according to some gold experts.
    I hope I am making some sense.
     
    Real $ and mmm....shiney! like this.
  7. Peter

    Peter Well-Known Member

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    PRECIOUS-Gold slides on hawkish Fed, inflation test looms
    Reuters) - Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer interest rates ahead of a widely watched U.S. inflation print due later in the day.
     
    sammysilver likes this.
  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    Most pundits have been predicting for a while lowish 1800’s before next breakthrough into 2024
     
  9. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    just wait for @Oddjob buys metals…that’s what I do!
     
    Oddjob likes this.
  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Sorry...me again mid Sept......I make then buy my own dips. :D
     
  11. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    ^^^
    spots have risen bro! you’re not buying ENOUGH!
     

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