Varmint
NES Member
I think the masses are starting to notice gold. Look at NES, now gold is being discussed in multiple threads, not just this sad thread.
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Gold and silver prices are down
- Thread starter Rider
- Start date
I think the masses are starting to notice gold. Look at NES, now gold is being discussed in multiple threads, not just this sad thread.
not new guy
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I was going to complain that I donāt have enough, but I could have a $1m worth and Iām sure Iād still be saying that.
not new guy
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A really quick pullback to $1200 would be cool though.
Varmint
NES Member
Iām such a gold guy and yet Iād struggle to fork out $3100 for a gold coin. Just seems crazy.
not new guy
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Same here. I was looking yesterday and almost choked at 3200 for a bar. Past years around this time (bonus season) Iāve looked and could talk myself into it no problem, but I didnāt even seriously consider it yesterday.
How long before we look back at this post and laugh at how stupid I sound for not buying at 3k?
Varmint
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I keep hoping to look back and say āsee, I told you guys to buy gold and silver miners!ā
Not there yet.
not new guy
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Seems like theyāll get there eventually. If gold goes it will drag (push?) the miners up with it.
Iām waiting for my man @Broc Tuah to buy miners. At that stage the game is on.I think the masses are starting to notice gold. Look at NES, now gold is being discussed in multiple threads, not just this sad thread.
A buy opp
I have one copper miner I bought for my three daughtersā UTMA accounts which went from a low of .11 up to .90 just about 1 week ago. I also have a gold miner that is down -60%
.
Varmint
NES Member
Wow, if Broc jumped into miners in Aug 2021 he probably wonāt be back.
Varmint
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not new guy
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I meant if it goes.
Varmint
NES Member
I also have a gold miner that is down -60%
Just one? You got off easy.
As someone who bought quite a few 1/4 Eagles for ~$250/ea (my favorite size, I *used to* try to add one every other month or so), and cringed - but still bought - as the price became $4-500/ea, this new normal of ~$900+ 1/4 Eagles - is excruciating.
Think I'm just gonna stick to silver for awhile. Poor man's gold
Made me laugh but its absolutely infuriating that this just keeps happening day after day for YEARS now.... when will that house of paper silver finally come crashing down?? Cause when it does.. Ooooh boy.Gold is $3030 and silver is still stuck at $34.50. JP Morgan is probably cranking out pallets of paper silver contracts to keep the price from blowing through $35.
Varmint
NES Member
As someone who bought quite a few 1/4 Eagles for ~$250/ea (my favorite size, I *used to* try to add one every other month or so), and cringed - but still bought - as the price became $4-500/ea, this new normal of ~$900+ 1/4 Eagles - is excruciating.
Think I'm just gonna stick to silver for awhile. Poor man's gold
Made me laugh but its absolutely infuriating that this just keeps happening day after day for YEARS now.... when will that house of paper silver finally come crashing down?? Cause when it does.. Ooooh boy.
I joke about the silver fix but not sure how much truth there is in it. Truth is silver is not gold, central banks buy gold, not silver, and the gold market is a lot bigger and more liquid so itās the choice of hedge funds and institutions.
At some point probably soon, the dam will burst and everyone will be jumping into silver and itāll explode. I plan to get out of silver miners when that happens.
Nope. A few. Some big winners and someā¦..not so much.
MadatMarek
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Not happening.
My monkey brain cannot handle learning more industries.
Are you guys making any money with that stuff? ... I looked at are few that were recommended in 2021, if I invested in those I would have lost money over the past 4 years. My savings account has a better return.
I didn't look at all.
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Varmint
NES Member
Yeah, it's important to buy many miners, not just a few, so the -90% ones don't kill your portfolio. A single 10 bagger makes up for the ones who drop 90%.
![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
I've had only one 10 bagger (Great Bear was 11x), but currently have three 4 baggers (Montage, Discovery Silver, Sitka). Energy Fuels was a 4 bagger, now a 2 bagger after the selloff.
Varmint
NES Member
Not happening.
My monkey brain cannot handle learning more industries.
Are you guys making any money with that stuff? ... I looked at are few that were recommended in 2021, if I invested in those I would have lost money over the past 4 years. My savings account has a better return.
I didn't look at all.
Miners who are actually producing gold have done well, even since 2021, but junior miners who did great in early 2021 got crushed and havenāt recovered much.
Buying the ETF (GDX, GOAU, or GDXJ) would be smart (maybe after a pullback), but individual stocks are too risky if youāre not going to invest a lot of time on it.
Made quite a bit rolling in/out of 3x bull/bear etfs and a few other names since 2020. I also made some big losses but overall my brokerage accts were well into positive gains. Iām simmered down for the last 1.5 years with more broad based resource stocks. I hold a putload of FSAGX which was averaging about 150% gains up until it reached $32. Most of my cost average is in the low $20s. I expect it to breech the all time high of about $60 set back in 2011 during this current cycle. I will spread out into oil/gas, grains, and base metals once we get the next easing cycle in earnest.Not happening.
My monkey brain cannot handle learning more industries.
Are you guys making any money with that stuff? ... I looked at are few that were recommended in 2021, if I invested in those I would have lost money over the past 4 years. My savings account has a better return.
I didn't look at all.
Same here. I'm glad I have the gold I have but man forking over what gold is priced at right now just seems stupid. Can't force myself to do it.
Varmint
NES Member
$4.7 trillion in options expire today, get ready for the smack down by the banks.
Pullback starting?
richc
NES Member
Trafficdiver
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I'm still buying physical silver, gold and platinum. Someday gold will hit $10K and I'll be happy that I bought at $3K.
Bounced right back above $3000.
steven grammont
NES Member
L
I buy physical silver constantly, I buy fractional pieces of gold , but not at the quantity of silver that I purchased. I have a package coming today , I'll post a photo tonight of my purchase.
Varmint
NES Member
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