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Started By
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Why isn't gold's valuation on the rise?
Posted on 4/3/23 at 9:45 am
Posted on 4/3/23 at 9:45 am
Historically, gold has been a hedge against inflation.
I hasn't moved much with this recent inflationary run.
Market manipulation?
Overwhelming supply?
Better options?
I hasn't moved much with this recent inflationary run.
Market manipulation?
Overwhelming supply?
Better options?
4
Posted on 4/3/23 at 10:12 am to tiger7166
It has. It's at record highs against all other currencies. It's only weak or flat against the dollar. Since dollar has been weakening lately with the anticipated fed pivot, gold has moon shot.
Once dollar peaked in September, Gold retested lows once more and is up 24% since... (eta 32% vs dollar)
Once dollar peaked in September, Gold retested lows once more and is up 24% since... (eta 32% vs dollar)
This post was edited on 4/3/23 at 10:22 am
Posted on 4/3/23 at 11:24 am to tiger7166
Has other competition now. Crypto etc.
Posted on 4/3/23 at 7:19 pm to UpstairsComputer
I bought two ounces in 2020. Looked at price, to buy more, it’s about the same price
Posted on 4/3/23 at 9:56 pm to tiger7166
quote:Cornering the metals market is against the law there Mr Hunt.
I bought two ounces in 2020.
Posted on 4/4/23 at 11:07 pm to tiger7166
I just couldn’t get a handle on silver so I sold my last 100 ounces last Friday at $24. Then today (Tuesday) it jumped to $25. Lost a hundred buck in 2 days.
I only made $500 off 400 ounces of silver in 10 months. Not a great return but I at least didn’t lose money on metals.
Down to 1 oz. of gold. May or may not ever sell it. Metals were fun but just too crazy for me. Oh well.
I only made $500 off 400 ounces of silver in 10 months. Not a great return but I at least didn’t lose money on metals.
Down to 1 oz. of gold. May or may not ever sell it. Metals were fun but just too crazy for me. Oh well.
Posted on 4/5/23 at 8:18 am to tiger7166
Gen X and Gen Z are putting their hedge money into Crypto instead of precious metals.
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