Gold and silver prices are down

[richc]

Billionaire John Paulson knocks bitcoin, touts gold

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices

www.kitco.com

 

[Win]

Preaching to the choir. I've tried and not succeeded in finding value in a digital token.

 

[enbloc]

Short for Afghanistan.

Yes. Yes he is...

 

[Varmint]

Terrible August jobs report, so the taper talk should be over. This could push gold back up over $1850, fingers crossed.

 

[smokey-seven]

This could push gold back up over $1850, fingers crossed.

I find it sad that we are rooting for a weaker dollar.

 

[Varmint]

I find it sad that we are rooting for a weaker dollar.

Well, the dollar has been gutted already, we’re rooting for gold to reflect that fact, the way something like real estate does.

 

[NH_Realtor]

Well, the dollar has been gutted already, we’re rooting for gold to reflect that fact, the way something like real estate does.

 

[SquirtGun]

Hi All, Just getting back into old "habits" and looking to buy some silver and maybe some gold.
Where do you recommend purchasing them on-line.
Is it a good time to buy?
What type of silver/gold do you recommend buying.

 

[NH_Realtor]

Hi All, Just getting back into old "habits" and looking to buy some silver and maybe some gold.
Where do you recommend purchasing them on-line.
Is it a good time to buy?
What type of silver/gold do you recommend buying.

I usually buy from Apmex and a handful of other trusted sellers. Try to find who has the lowest premium, they're all high these days.

The best time to buy was yesterday. The second best time to buy is today.

Personally I started out with rounds and such but I've since moved to eagles, buffalo's and historic coins, stuff that's minted.

 

[Win]

Gold and silver are actually low even in reference to other commodities. IMHO it's a good time to buy. I'm buying.

 

[smokey-seven]

What type of silver/gold do you recommend buying.

Replace your every day utensils with sterling silver. Eating from silver is good for you as well as having a pretty day to day place setting. After that, move into eagles and 90% pre 65 US coin.

 

[Win]

I would recommend purchasing the silver and gold that you most enjoy owning. Look around to see what’s available. There are too many options to list here. Once you’ve decided on what you’d like to own, study the market - watch sale prices so you understand what premiums you can expect as a buyer and as a seller. Some folks are opposed to higher premiums but as long as you can recoup the premiums as a seller they don’t bother me.

 

[SquirtGun]

Thanks for all the suggestions

 

[richc]

 

[DJBrad]

If we touch down to $1675 or less bet the farm.

 

[Win]

The inflation concerns are over, the economy is back on track, and the geopolitical situation never looked rosier

 

[ASHDUMP]

Scottsdale Mint on Gab: 'Some massive movements this morning in Silver and…'

Scottsdale Mint on Gab: 'Some massive movements this morning in Silver and Gold. We've heard some rumors as to why, but what have you heard?'

gab.com

 

[DJBrad]

Scottsdale Mint on Gab: 'Some massive movements this morning in Silver and…'

Scottsdale Mint on Gab: 'Some massive movements this morning in Silver and Gold. We've heard some rumors as to why, but what have you heard?'

gab.com

Give us the skinny on the comments because we have to have an account to view them. I don’t plan on signing up to view.

 

[Varmint]

Posted this in Great Reset thread, but relevant here also.

Luke Gromen is one of my favorite market commentators. In this podcast he was talking about stagflation, he does a great explanation of why the US government needs to control the debt to GDP ratio, and how it will try to do it. He also talks about gold, his theory is the price is being held down to allow central banks to build up enough physical gold to allow a reset. i.e. the governments don't want hedge funds and individual investors holding all the gold. So they keep gold suppressed so it doesn't attract investors.

It's an interesting point and explains why every single commodity in limited supply is going gangbusters (real estate, bitcoin, copper, lumber etc etc) - except gold.

https://the-rebel-capitalist-show.s...g-gold-manipulation-afghanistan-macro-fallout

The concern for gold investors is he thinks the government will keep gold suppressed until it's ready to spring the Great Reset, and revalue central bank gold to $5000, or $40,000, whatever is necessary to avoid a global default. So buy physical, don't buy GLD. Not sure about miners, if gold is reset to $5000, will the government allow mining stocks to go up 20x overnight? Doubtful.

 

[76Too]

If we touch down to $1675 or less bet the farm.

Like...go ‘all in’ kinda bet the farm?

 

[DJBrad]

Like...go ‘all in’ kinda bet the farm?

Well, you will still need food and shelter so maybe the vacation home and 3rd vehicle?

 

[ASHDUMP]

So mining stocks are SLV and gold are taking a beating.... Think it can go lower? Thinking about throwing a couple hundo down on SILJ and Sprott.

 

[Varmint]

So mining stocks are SLV and gold are taking a beating.... Think it can go lower? Thinking about throwing a couple hundo down on SILJ and Sprott.

Silver's major support is around $21.5-22 and $18-19. I don't think paper price can go into the teens, there's just too much demand for physical.

Silver miners have priced in $21, maybe even $19 so not much downside. I'd probably buy an individual stock rather than SILJ. Maybe just buy AG?

 

[DJBrad]

Silver's major support is around $21.5-22 and $18-19. I don't think paper price can go into the teens, there's just too much demand for physical.

Silver miners have priced in $21, maybe even $19 so not much downside. I'd probably buy an individual stock rather than SILJ. Maybe just buy AG?

Exactly. There are also some risky juniors that could explode much further like Aftermath Silver( was back down to .33 yesterday), Summa Silver, GR Silver, Aurcana. Other explorers like Eloro and Viszla are good bets. Alexco is at a rock bottom price as a producer.

Did you know Aurcana hit a high of $52 in 2012?

 

[ASHDUMP]

My silver paper bag is real heavy right now.... Lol.

Not as heavy as my Safemoon bag though!

 

[76Too]

I’ve been watching gold for the past few weeks...so you guys actually think it will hit $1675?

 

[Varmint]

I’ve been watching gold for the past few weeks...so you guys actually think it will hit $1675?

Paper gold maybe, of course physical won’t go anywhere near that.

All the experts with any credibility (not the guys constantly predicting $5000 gold) think we’ll retest $1675 and probably $1600.

I don’t think we’ll see $1600, the experts are usually too bearish.

 

[Win]

$1,600, $1,700, $1,800 who cares? My grocery bill for a family of 4 approaches $400 each week. PMs are severely undervalued at any of these prices.

 

[Varmint]

$1,600, $1,700, $1,800 who cares? My grocery bill for a family of 4 approaches $400 each week. PMs are severely undervalued at any of these prices.

Central banks care, they need to buy tons of the stuff and don’t want to pay $2500.

 

[Individualist]

Calm before the storm. We’ve only just felt the first ripples of the inflation tsunami.