Gold and silver prices are down

zboys said:
So would you be buying gold now?
Click to expand...
I stopped buying years ago at around 1300. If I was still buying recently for short-term gains it would have been when it finally broke out of the handle around 2100. You can see where everyone did and it took off. The only thing worrying me now is the general stock market. If it isn’t done correcting gold can follow.

Cost averaging like clock work is your friend. With that you could have bought anywhere prior and rode the ups and downs. With enough time it all works out. Trying to time the market for short-term gains is much harder and riskier. With AI controlling things doing so successfully over time is ultimately near impossible.

If you are looking to get in now for the long-term just buy a small amount with every paycheck regardless if it goes up or down. If it goes up, great. If it goes down great because you are able to buy more.



IMG_6751.jpeg
 
Last edited:
Individualist said:
Cost averaging like clock work is your friend. With that you could have bought anywhere prior and rode the ups and downs……If you are looking to get in now for the long-term just buy a small amount with every paycheck regardless if it goes up or down.
Click to expand...

This is the way! I have bought $x worth of silver and gold each year for a long time. I have made better returns on other investments but it’s nice to have physical assets. While silver is attractive, my greatest return is on gold. Then again, I just bought a 2025 Silver Proof Eagle from the US Mint for $95 😂. Crazy price but I have one every year going on a ways
 
Trafficdiver said:
I know this is the gold and silver thread, but is anyone paying attention to platinum eagles?

Take a look at their premiums. 🚀
Click to expand...

I don’t pay attention to platinum although I do own Sebanye, which has been doing terribly, partly cause of platinum prices and partly cause South Africa is circling the drain.

If there’s a resurgence of ICE vehicles, platinum could explode. Like if Trump changes CAFE or other regulations. And hybrids use platinum in their catalytic converters.
 
Last edited:
Varmint said:
The banks really don't want to see $3000 gold. They give up $2750, it'll be $2800 next, then a straight shot to $3000.
Click to expand...

If the feds would stop lying about inflation, we'd see it's really 7% or 8% at a minimum, with treasury yields in the 4.5% range. So investing in treasuries right now provides a 3% loss of buying power... before taxes.

As long as that imbalance continues, gold will do very well.

Trump will want lower rates. If he applies tariffs, well, inflation goes higher. Lower rates and more inflation is very positive for PM's.

Each president uses smoke and mirrors to provide an illusion of financial stability, when it does not exist.
 
richc said:
If the feds would stop lying about inflation, we'd see it's really 7% or 8% at a minimum, with treasury yields in the 4.5% range. So investing in treasuries right now provides a 3% loss of buying power... before taxes.

As long as that imbalance continues, gold will do very well.

Trump will want lower rates. If he applies tariffs, well, inflation goes higher. Lower rates and more inflation is very positive for PM's.

Each president uses smoke and mirrors to provide an illusion of financial stability, when it does not exist.
Click to expand...

If Trump cuts a lot of government jobs and frivolous spending it’ll be good long term but short term could lower GDP. Tariffs can be inflationary, depends on how broad they are. 10% on everything would be inflationary cause there’d be no escaping the 10% increase.

So stagflation is likely, and that’s more bullish gold than inflation (with decent growth).
 
Varmint said:
If Trump cuts a lot of government jobs and frivolous spending it’ll be good long term but short term could lower GDP. Tariffs can be inflationary, depends on how broad they are. 10% on everything would be inflationary cause there’d be no escaping the 10% increase.

So stagflation is likely, and that’s more bullish gold than inflation (with decent growth).
Click to expand...

Our GDP growth is also fictitious as it includes all deficit spending. You can't make this sh*t up!
 
Domestic oil, gas and energy costs should lower, as should domestic food production. Exports should increase to compensate somewhat for import tariffs. It gong to take some time to sort out and re-mix. The stock market should do well with less regulation. I’m not seeing any overtly bad signs for PM’s yet.
 
I know this is a gold and silver thread, but have you checked out the premiums on platinum eagles lately?

They have been off to the races since the US mint suspiciously stopped minting them.
🚀
 
Last edited:
Trafficdiver said:
I know this is a gold and silver thread, but have you checked out the premiums on platinum eagles lately?

They have been off to the races since the US mint suspiciously stopped minting them.
🚀
Click to expand...

I really like the design of this coin…..being launched in February and price is listed as TBD

IMG_2168.jpeg
 
richc said:
If the feds would stop lying about inflation, we'd see it's really 7% or 8% at a minimum, with treasury yields in the 4.5% range. So investing in treasuries right now provides a 3% loss of buying power... before taxes.

As long as that imbalance continues, gold will do very well.

Trump will want lower rates. If he applies tariffs, well, inflation goes higher. Lower rates and more inflation is very positive for PM's.

Each president uses smoke and mirrors to provide an illusion of financial stability, when it does not exist.
Click to expand...
If our Government would stop lying you say.........
 
Here's an interesting chart. On an inflation adjusted basis, gold is back where it was during the insane days of 1980. Back when the Hunt Brothers tried to corner the silver market.

Also notice the gray columns on the chart. These indicate recessions. Where have all our recessions gone???

:)

Screenshot 2025-01-24 at 10.57.41 AM.png
 
richc said:
Here's an interesting chart. On an inflation adjusted basis, gold is back where it was during the insane days of 1980. Back when the Hunt Brothers tried to corner the silver market.

Also notice the gray columns on the chart. These indicate recessions. Where have all our recessions gone???

:)

View attachment 957501
Click to expand...

You can't have a recession when the government is running $2-3 trillion deficits.
 

Similar threads

Homemade buns and rolls
Replies
1
Views
284
grey
grey
Calcium Hypocholite - local and cheap water sanitizer!
Replies
6
Views
395
240Geezer
2
Gold Question from Newbie
Replies
23
Views
1K
Varmint
Varmint
FREE….seed starting and basic garden planning & questions seminar. 4/6/24 Hardwick MA
Replies
7
Views
268
mousegunguy
mousegunguy
Problem with my ExPed DownMat 7...
Replies
9
Views
505
Andy in NH
Andy in NH
Back
Top Bottom