Gold and silver prices are down

Varmint said:
For junior miners sure, since there’s lots of shorts and no buyers.

But for stocks, it’s more bullish than ever, I don’t see any catalyst for a sell off. Every selloff is met with huge buying, even the yen carry trade blowup.
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The market has priced everything in well in advance. It’s due for a selloff this fall once rates are cut and bad data increases. I’m not so sure about the bullish narrative now.
 
DJBrad said:
The market has priced everything in well in advance. It’s due for a selloff this fall once rates are cut and bad data increases. I’m not so sure about the bullish narrative now.
Click to expand...

I think we’re due for another crisis like the yen carry trade or SVB, but if nothing like that happens the market will keep chugging along celebrating lower rates. This market cares only about the Fed. Even the carry trade crash ended when the Japan’s central bank said they’d stop raising rates. 20% stock market crash corrected with just a few words from the central bank.
 
richc said:
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Those who don't know, you can effectively get 5% back buying gold through Costco. 2% in reward with their Executive membership and there are credit cards that give you 3% in cash back. There's a $67.5k spend limit on the 2% reward though (in other words you can only get $1350 back annually).

$2599 comes out to $2469 after rewards and cash back. You'd be hard pressed to find a better deal on gold and silver through Costco.
 
I saw this article pop up on 321gold, have no idea who this company is, but in the future I definitely want to find a company from which you can buy physical gold and have it stored overseas, and the Cayman Islands or Switzerland seem like great options. I'd like to have some assets overseas for when the US government goes full retard and tries to confiscate or tax your assets into oblivion. If my bet on gold and silver miners pans out, I plan to rotate the money into physical gold before that bull market peaks.

Sep 11, 2024 Why You Should Consider SWP for True Offshore Precious Metals Storage SWP 321gold

321gold.com ...takes no prisoners!
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Varmint said:
I think there's a limit to how much physical gold you'd want in your house.
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For fun I just figured out that $10 million of pure gold, melted into a cube, would be about 7.3 inches in each side. $100 million worth would make a cube 15.75" on each side and would weigh 1.37 tons.

Stuff is dense!
 

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