Win
NES Member
I’m hearing dollar continuing to rise putting downward pressure on metals for next couple months. For those concerned about near term price action it might be best to go on a long fishing trip ![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
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Gold and silver prices are down
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richc
NES Member
Goldmember...
xtry51
NES Member
A good article on how the price of gold is being suppressed with paper manipulation despite record sales and deliveries of physical gold.
www.zerohedge.com
Of if you're lazy, the most important chart showing you how bad the economy and inflation are right now:
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Of if you're lazy, the most important chart showing you how bad the economy and inflation are right now:
Varmint
NES Member
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
Of if you're lazy, the most important chart showing you how bad the economy and inflation are right now:
View attachment 636823
Hmm, why are all the low ones Q4? Looks misleading.
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I think it is because they only have Q1 data for 2022?
Q4-2022 may make Q1-2022 look like a speedbump...
xtry51
NES Member
For some reason the OCC reports it this way. Here is a link to one of their reports.
Better to buy junk silver, or stuff like the above for:
1) inflation
2) "bad things happening in the world"
or
3) both?
If the above, are any certain "rounds" more "legit" than others?
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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...
bars too...
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I won't buy Pandas...
xtry51
NES Member
Inflation report 9.1%, but gold drops in price.
You don't need any more proof markets are rigged by government.
You don't need any more proof markets are rigged by government.
Anyone find any gold out there for spot price yet?
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Varmint
NES Member
No it makes sense cause it means the Fed has to raise rates. If you ignore everything else then it’s bearish Gold.
Higher inflation should lead to higher rates which leads to better options for investing in bonds. Gold will spike as soon as they have to cut rates and resume the printing.
Varmint
NES Member
I’ve got a hole on the ground full of gold below spot. Wanna buy it?
Ummm…in the ground?
Damnit…you beat me to it.
xtry51
NES Member
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.
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.
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richc
NES Member
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.
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.
I’ve actually been thinking about this and all my teeth are fine. Great way to transport your PM’s though.
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alan226
NES Member
Just now bought Canadian Maple Leafs at $24.66 including all fees. Beautiful coin...
Varmint
NES Member
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.
Varmint
NES Member
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.
Win
NES Member
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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Best time to buy Silver has historically been during the Summer Doldrums... July & August.
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any more details? or, would you like to keep it on the hush? Either way's good...
alan226
NES Member
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