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Is it finally time for precious metals?

Posted on 3/17/22 at 11:39 pm
Posted by Smoke Ring
Scenic Highway Crackhouse
Member since Dec 2010
4336 posts
Posted on 3/17/22 at 11:39 pm
* Saudi Arabia, China, Nigeria, and India have all been hinting around doing Oil transactions in Non-US Dollar denominated transactions -- the US Dollar could be toast if lose the Petro-Dollar / Reserve Currency Status

* Real Estate is at major highs every where, and investment real estate may be "Lord of the Flies" in trying to collect rent in an inflationary environment pinching renters on all sides
* Bonds are at the end of an epic multi-decade bull market
* S&P 500 is a damn roller coaster
* Cash gets burnt to the inflationary tune of 8-15% per year

I know they are boring and disfavored, but are Gold and especially Silver the best options right now?
This post was edited on 3/18/22 at 6:53 am
Posted by TygerLyger
Member since Mar 2022
31 posts
Posted on 3/18/22 at 12:28 am to
The US government are idiots for sanctioning every country they don’t like. Why would any country want to use US dollars for major commodities when we are constantly abusing our financial power? Any smart country would immediately find alternative currencies to use. When the dollar collapses we did it to ourselves.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
131192 posts
Posted on 3/18/22 at 4:14 am to
quote:

* Bonds are at historic highs
¿Que?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31826 posts
Posted on 3/18/22 at 5:28 am to
You’re way behind
Posted by Smoke Ring
Scenic Highway Crackhouse
Member since Dec 2010
4336 posts
Posted on 3/18/22 at 6:53 am to
I clarified it for you
Posted by Dawgfanman
Member since Jun 2015
24787 posts
Posted on 3/18/22 at 7:54 am to
Are gold and silver prices keeping up with inflation?
Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
826 posts
Posted on 3/18/22 at 8:24 am to
If anyone wants to start dabbling with precious metals this is a good start Precious metals portfolio
This post was edited on 3/18/22 at 8:26 am
Posted by Hayekian serf
GA
Member since Dec 2020
3583 posts
Posted on 3/18/22 at 8:26 am to
Commodities in general could be in for a nice ride.

Who knows
Posted by bod312
Member since Jul 2015
846 posts
Posted on 3/18/22 at 8:27 am to
Yes but you are talking about the wrong metal. It was nickel's time to shine but you missed the boat. The boat was also tied to the dock for some people to protect more important boats/people.
Posted by Smoke Ring
Scenic Highway Crackhouse
Member since Dec 2010
4336 posts
Posted on 3/18/22 at 8:45 am to


This is the chart that got me to thinking. To answer your question, I'd say yes for gold, nope for silver, until it does ...
This post was edited on 3/18/22 at 8:46 am
Posted by Buck_Rogers
Member since Jul 2013
1988 posts
Posted on 3/18/22 at 8:50 am to
Get you some palladium
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