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Thoughts on precious metals?
Posted on 8/13/21 at 2:14 am
Posted on 8/13/21 at 2:14 am
With such cheap prices. What’s good in silver, gold, etc? I’ve never traded these.
Posted on 8/13/21 at 3:35 am to xxTIMMYxx
It doesn't get any more precious than Lithium with Democrats in control.
Posted on 8/13/21 at 6:46 am to tenderfoot tigah
quote:
With such cheap prices. What’s good in silver, gold, etc? I’ve never traded these.
I think it depends on your goal, Timmy .....
Would you be trading paper for a flip, or accumulating physical for wealth preservation?
In the non-precious metals, aluminum stocks have been a solid performer for me since the election.
If paper, I like MTA and CEF ....
If physical, that's a much more in-depth discussion, IMHO
This post was edited on 8/13/21 at 6:50 am
Posted on 8/13/21 at 8:00 am to xxTIMMYxx
Posted on 8/13/21 at 9:43 am to xxTIMMYxx
you started in meme stocks, then went to shitcoins, and now precious metals
seems like a natural progression tbh
seems like a natural progression tbh
Posted on 8/13/21 at 9:47 am to xxTIMMYxx
What happens to precious metals if the government moves to digital currency? Wouldn’t that crash the prices?
Posted on 8/13/21 at 9:55 am to xxTIMMYxx
Metals are overall heavily manipulated market(controls inflation).Physical is much more safer bet, however metals such as silver and gold are at major oversold and depressed conditions in the market currently and have better long term projections but just when you think the only way is up bam they hammer you down into a fetal position
Posted on 8/13/21 at 11:27 am to xxTIMMYxx
If you want to play gold just understand you're trading with the largest soverign wealth funds and central banks on the planet so you're going to be confused 90% of the time. Much like bonds.
Anything tied to the ESG Wall Street grift is a big 10-4 though. URA, PICK, Copper ETF (be careful CCP growth is slowing here) etc...
Anything tied to the ESG Wall Street grift is a big 10-4 though. URA, PICK, Copper ETF (be careful CCP growth is slowing here) etc...
Posted on 8/13/21 at 11:44 am to xxTIMMYxx
I trade ornamental gourd futures mostly now
Posted on 8/13/21 at 12:32 pm to rocket31
quote:
you started in meme stocks, then went to shitcoins, and now precious metals seems like a natural progression tbh
I day traded gme once (made 2k) and I have 2 ETH at 1750. You have no idea what you are talking about. Requested admin for your constant attacks
This post was edited on 8/13/21 at 12:35 pm
Posted on 8/13/21 at 12:38 pm to xxTIMMYxx
Dropdown box under "newbies start here" will show you some of the due diligence posts. A lot of information on the site.
wall street silver on reddit
wall street silver on reddit
Posted on 8/13/21 at 1:10 pm to xxTIMMYxx
do you know how to trade futures?
you can make money going long or short. that is only way i would deal with gold again. i used to trade palladium as well.
i would not waste my time with mining stocks, ETF or physical. had a gold and silver ETF once. boring.
you can make money going long or short. that is only way i would deal with gold again. i used to trade palladium as well.
i would not waste my time with mining stocks, ETF or physical. had a gold and silver ETF once. boring.
Posted on 8/13/21 at 1:43 pm to Fat Bastard
This post was edited on 8/13/21 at 1:46 pm
Posted on 8/13/21 at 2:05 pm to nuwaydawg
dang, .... she's goin' all Scrooge McDuck on that stack
Posted on 8/13/21 at 5:24 pm to xxTIMMYxx
I’m not sure “cheap” is correct but I guess, like Alabama, it’s all relative.
As another poster asked - what is your goal?
Besides inflation hedges, I used physical precious metals to start the financial investment education with my kids. You can actually hold silver eagles, bars, or old silver us coins. And quite frankly, from time to time, I like to pull out my bags of circulated silver dollars from 100+ years ago and drink in the history.
As another poster asked - what is your goal?
Besides inflation hedges, I used physical precious metals to start the financial investment education with my kids. You can actually hold silver eagles, bars, or old silver us coins. And quite frankly, from time to time, I like to pull out my bags of circulated silver dollars from 100+ years ago and drink in the history.
Posted on 8/15/21 at 4:29 pm to MeTarzanYouInsane
This image probably says a lot more about the value of the US Dollar than it does about gold …. nevertheless….
Posted on 8/15/21 at 5:57 pm to cadillacattack
The due diligence is not the price of precious metals, but rather the depreciating value of the dollar. Precious metals like any commodity are finite either in their scarcity or in
others, their value in production.
The US dollar has no restraints, it's value is only worth on faith of it's....I'm not sure what.
It used to be backed by gold, it used to be backed by silver.
The US government is printing Trillions
.
They can do this because it has no intrinsic worth.
This is only my opinion and should only be for information
others, their value in production.
The US dollar has no restraints, it's value is only worth on faith of it's....I'm not sure what.
It used to be backed by gold, it used to be backed by silver.
The US government is printing Trillions
.
They can do this because it has no intrinsic worth.
This is only my opinion and should only be for information
This post was edited on 8/15/21 at 6:13 pm
Posted on 8/16/21 at 5:54 pm to nuwaydawg
Posted on 8/17/21 at 9:42 am to nuwaydawg
valid point, nuwaydawg ....
This post was edited on 8/17/21 at 11:48 am
Posted on 8/17/21 at 4:56 pm to cadillacattack
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