Gold and silver prices are down

[Varmint]

We grandparents all do the best we can. No one can or should ask more than our best.

Of course my grandchildren have no idea what awaits them. They have no concept of money or gold or fiat currencies.

But hopefully Grandpa will teach them. If not, my son will. He shares my concerns about the financial direction of this country.

I tell my middle school kids to get cracking on the grandkids.

 

[Trafficdiver]

I’ve listened to literally hundreds maybe thousands of podcasts about PMs, mining and macro.

That and $5 will get you a coffee at Starbucks

 

[DJBrad]

 

[Varmint]

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[Varmint]

It’s now or never, bears.

 

[richc]

It’s now or never, bears.

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View: https://www.youtube.com/watch?v=Uwelrtb8Oho

 

[richc]

I hate Fridays!!!

 

[DJBrad]

What’s with the drop?

 

[richc]

What’s with the drop?

More sellers than buyers...

 

[DJBrad]

More sellers than buyers...

Looks like the buyers are right back in. I would love to see a monthly close above $33 silver and $2900 gold.

March is typically a bad month for financial markets so be prepared for some selling pressure in equities. We’re long so sitting pretty is the key.

 

[meh]

If it’s for wealth preservation (protection against dollar debasement), then there’s no need to sell.

Just for the record, my original comment on selling was that in order to benefit from a squeeze, you have to sell into it.

 

[Trafficdiver]

What’s with the drop?

Rostin Behnam's last tamp with the CFTC before the aliens bring him back to their moon base?

 

[Trafficdiver]

Just for the record, my original comment on selling was that in order to benefit from a squeeze, you have to sell into it.

Or trade the metal for a better priced metal. Gold for platinum is looking mighty tasty right now. Mighty tasty indeed. No need to bring filthy cash back into the game.

 

[richc]

Looks like the buyers are right back in. I would love to see a monthly close above $33 silver and $2900 gold.

March is typically a bad month for financial markets so be prepared for some selling pressure in equities. We’re long so sitting pretty is the key.

Now look what you've done. You scared them off!!!

 

[DJBrad]

Well, bullion banks won the day….

 

[Varmint]

I hate Fridays!!!

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Not only Friday but a 3 day weekend. Trump can do a lot of damage in 3 days. Nobody wants to be long anything.

 

[Varmint]

Looks like the buyers are right back in. I would love to see a monthly close above $33 silver and $2900 gold.

March is typically a bad month for financial markets so be prepared for some selling pressure in equities. We’re long so sitting pretty is the key.

I think with Trump in office we’ll have to get used to Friday selloffs in everything.

 

[Varmint]

Or trade the metal for a better priced metal. Gold for platinum is looking mighty tasty right now. Mighty tasty indeed. No need to bring filthy cash back into the game.

Platinum has done nothing for 10 years. Cash pays 4.5%.

 

[DJBrad]

I think with Trump in office we’ll have to get used to Friday selloffs in everything.

Interesting to see this Friday selloff as if investors expect every weekend to consist of global fireworks.

 

[Varmint]

Just for the record, my original comment on selling was that in order to benefit from a squeeze, you have to sell into it.

At the end of PM bull markets you get a crazy top. Like silver might go to $200, but it’ll only be there for a few minutes and then back to $150 the next day, $100 a week later.

So definitely equities are easier to get rid of in a squeeze than coins or bars.

 

[Varmint]

Interesting to see this Friday selloff as if investors expect every weekend to consist of global fireworks.

Or maybe Trump won’t do anything, which would be bearish gold.

 

[Trafficdiver]

Platinum has done nothing for 10 years. Cash pays 4.5%.

Good stick with it.

Platinum doing nothing in 10 years means what exactly?

 

[Varmint]

Cash pays 4.5% in what world?

Money market. We have 30% of our money in it. Buying bonds directly is a bit better but I’m too lazy to do that.

 

[Trafficdiver]

Money market. We have 30% of our money in it. Buying bonds directly is a bit better but I’m too lazy to do that.

I edited it once I came to my senses.

 

[Varmint]

Good stick with it.

Platinum doing nothing in 10 years means what exactly?

The problem with platinum is it’s not a monetary metal like gold and (partially) silver. So its price just depends on industrial demand, which has been hurt by the switch to palladium, and the obsession with EVs.

So with EVs collapsing it could be platinum rallies, but it’s hardly a sure thing. I think silver is a much better bet if you want to rotate out of gold.

 

[Varmint]

Good to see that minors didn’t drop too bad, so this is probably just some profit taking in gold and silver. $3000 isn’t going to fall on the first attempt.

 

[Trafficdiver]

The problem with platinum is it’s not a monetary metal like gold and (partially) silver. So its price just depends on industrial demand, which has been hurt by the switch to palladium, and the obsession with EVs.

So with EVs collapsing it could be platinum rallies, but it’s hardly a sure thing. I think silver is a much better bet if you want to rotate out of gold.

I don't care about it's demand in the same way I don't care about golds demand. All i need for platinum to do is stay the same and let the dollar degrade around it.

Silver is also a great choice. With the SGR at 89.6 it is a really, really great choice.

 

[Varmint]

I don't care about it's demand in the same way I don't care about golds demand. All i need for platinum to do is stay the same and let the dollar degrade around it.

Silver is also a great choice. With the SGR at 89.6 it is a really, really great choice.

Platinum has been a terrible hedge against dollar debasement. It’s the same price in dollars it was in 2006. I avoid industrial and base metals, too difficult to time it and they don’t protect against inflation.

 

[Trafficdiver]

Platinum has been a terrible hedge against dollar debasement. It’s the same price in dollars it was in 2006.

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14 years does not make a trend permanent.

When the dollar crashes a pb&j sandwich will be worth 2 qudrillion.

 

[Trafficdiver]

I can't wait until Elon and Big Balls start digging into this shit pile.

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