Gold and silver prices are down

A good article on how the price of gold is being suppressed with paper manipulation despite record sales and deliveries of physical gold.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Of if you're lazy, the most important chart showing you how bad the economy and inflation are right now:

2022-07-11_14-42-53.jpg
 
xtry51 said:
A good article on how the price of gold is being suppressed with paper manipulation despite record sales and deliveries of physical gold.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Of if you're lazy, the most important chart showing you how bad the economy and inflation are right now:

View attachment 636823
Click to expand...

Hmm, why are all the low ones Q4? Looks misleading.
 
Coyote33 said:
If the above, are any certain "rounds" more "legit" than others?
Click to expand...
ASE's, Maples are tops, then other Governmental "coins" next like the Phils/Krugs/Pesos/Kooks/Pandas, lastly for rounds Engelhard Prospectors are good to go.
Generic rounds/bars have to be last on the list... but, on it for sure.

EDIT: I really like the Sunshine Mint coins for genny's...
They have a pseudo-safety feature that can be checked with their lens...
1657669949135.png 1657669977484.png
1657670071988.png 1657670122644.png bars too...
 
Last edited:
In a naturally, self-controlling free market, the rate to gold ratio would be true.

There is nothing that says the Fed is going to raise rates to control inflation. Does anyone here think the Fed will raise rates to 10%? If the answer is no, the your logic is severely flawed.
 
This is the time of year that the "Gold Rush" folks are mining up in Alaska.

What's their biggest cost??? Fuel. And the cost of fuel is double last year (give or take).

At some point it has to squeeze their margins to the point that it's not worth the risk without accompanying higher gold prices. Supply and demand.

Will be interesting to see. And Tony Betts and his floating dredge gizmos has the lowest fuel and labor costs and highest profit margins.
 
richc said:
This is the time of year that the "Gold Rush" folks are mining up in Alaska.

What's their biggest cost??? Fuel. And the cost of fuel is double last year (give or take).

At some point it has to squeeze their margins to the point that it's not worth the risk without accompanying higher gold prices. Supply and demand.

Will be interesting to see. And Tony Betts and his floating dredge gizmos has the lowest fuel and labor costs and highest profit margins.
Click to expand...
I dunno, but the ones that seem to be the most cost-effective are the floaters...

1657724079172.png
 
xtry51 said:
In a naturally, self-controlling free market, the rate to gold ratio would be true.

There is nothing that says the Fed is going to raise rates to control inflation. Does anyone here think the Fed will raise rates to 10%? If the answer is no, the your logic is severely flawed.
Click to expand...

The price of gold is mostly determined by traders trying to guess where the price will go in the short term. They know the Fed won’t make it to 10% but for now the Fed is raising rates so they sell gold.

Also gold is a great choice if you need liquidity to cover margin calls, so it gets sold when the stock market is going down.
 
richc said:
This is the time of year that the "Gold Rush" folks are mining up in Alaska.

What's their biggest cost??? Fuel. And the cost of fuel is double last year (give or take).

At some point it has to squeeze their margins to the point that it's not worth the risk without accompanying higher gold prices. Supply and demand.

Will be interesting to see. And Tony Betts and his floating dredge gizmos has the lowest fuel and labor costs and highest profit margins.
Click to expand...

Yeah totally, this is killing the mining stocks cause oil is sky high but gold is not. Also anything they use to build a mine like concrete, rubber for tires, steel, timber, etc has doubled, and labor prices are going way up. Eventually gold will adjust to reflect this but for now their margins are getting destroyed.

Gold miners shot up this week when oil dropped $7.
 
The pickle the gov and fed have created is becoming more problematic and apparent each month - inflation is trending up and recession is more probable. I believe increasing numbers of investors will see and react. JMHO
 

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