Gold price - back up the truck?
- Thread starter GreatSouthernTime
- Start date
$1trillion still sitting in US treasury coffers to be spent in 2022.
TreasureHunter
Well-Known Member
Many assume that "everything goes down" with a stock market crash, including gold and especially silver (due to the industrial relations).
I don't expect gold to drop much this time, but I rather buy silver stock such as Pan American silver during a stock market crash if it happens. It's quick x2 or x3.
Pan American is now $23, down from $30+ when I sold it nearly a year ago. It could drop to $12-$13 in a stock crash. Buy 1000 shares and make $10k in 1 month. Buy 10000 shares can make $100k.
With the 40 year cup and handle it has formed says its a great time to back up the truck.
You might save a few bucks here and there by watching spot but might not matter much in the end.
You might save a few bucks here and there by watching spot but might not matter much in the end.
This aged well.
Sorry meant 10 year haha. I cant edit now.
TreasureHunter
Well-Known Member
Gold flies above 1,900 $. This is bad for the dollar.
I haven't seen such a powerful bullish uptrend since it hit 2,000 $!
In 1 year it can go to 3,000 $, even 4,000 $, if the geopolitical-economic idiotisms keep continuing like this. Unless the pandemic ENDs and they make a new deal regarding the Ukraine-Russian conflict.
I haven't seen such a powerful bullish uptrend since it hit 2,000 $!
In 1 year it can go to 3,000 $, even 4,000 $, if the geopolitical-economic idiotisms keep continuing like this. Unless the pandemic ENDs and they make a new deal regarding the Ukraine-Russian conflict.
Im expecting geopolitical tensions to fizzle combined with another flush out from big banks. Hopefully we get another pull back to $1680-1750 before we push back up.
Any lower than that and we could be in for some longer term downside.
Yeh, you have to go back to the GFC for the last time an event didn't fizzle.
What deal? Putin wants to take back all the Soviet states.
you need not wait 8 years for Kiev to integrade back the broke away republicks, and still waiting for a deal ???
Russia can just recognized them and move in the tanks to keep peace there! those poor people who loves freedom and free from being kill by Nazi are now being sanctions from everybody lol, how dare they still alive
Russia can just recognized them and move in the tanks to keep peace there! those poor people who loves freedom and free from being kill by Nazi are now being sanctions from everybody lol, how dare they still alive
I’m assuming he just wants NATO to honor the North Atlantic Treaty they drew up and not keep edging army bases all the way to his doorstep.
They have stretched a long way past east Berlin which was the original line in the sand.
That's the excuse. Putin wants the entire Europe. The UK is right to get out of the EU just in time. Shit is about to hit the sand.
Russia did nothing when the east get absorbed into NATO, now that they have hypersonic and all state of the art weapons, they place them near for safety in kaliningrad, they did not get the security guarantee demanded, so military means are to secure it, and other means
Russia wants the entire EU?
First, he wants Crimea, now he wants Ukraine. After Ukraine, it will be others, one by one, there's no stopping until he hits the Atlantic ocean at the far end.