Precious Metals to Tank?

Oddjob said:
Sorry off topic but:.....I'm not questioning the number of innocent people who died on this highway but for all the carnage in this image, one thing strikes me as strange.....with all the damaged vehicles piled up, the road looks undamaged....
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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.
 
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
 
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.
 
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mmm....shiney! said:
Why the distinction between "paper" and "physical" precious metals when discussing price? Premiums aside for physical they're both trading the same price trends, if spot price for GLD falls 50% then spot price for a 1oz blob will also fall 50%.



Deleveraging assets.
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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
 
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.
 
mmm....shiney! said:
Certainly does make sense. Premiums matter to collectors.
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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.
 
Most pundits have been predicting for a while lowish 1800’s before next breakthrough into 2024
 
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