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Started By
Message
re: Precious Metals on the Rise
Posted on 7/27/20 at 8:05 pm to TigerTatorTots
Posted on 7/27/20 at 8:05 pm to TigerTatorTots
The president wants to bring manufacturing back to the USA. Weakening the dollar will definitely do that.
0
Posted on 7/27/20 at 8:11 pm to Sao
quote:
This is sincerely a shocking price. I was amazed a few days ago when I saw where it was. Someone somewhere is buying the shite out of it.
China is buying the shite out of it
They probably have a significant amount of gold reserves not actually reported.
Unless you believe that Italy has more in gold reserves than China
Posted on 7/27/20 at 8:19 pm to YF12
Silver hit over $47 in 2011. It has been weakened ever since then.
Posted on 7/27/20 at 8:20 pm to YF12
quote:
China is buying the shite out of it
Why?
Not disputing
Posted on 7/27/20 at 8:21 pm to Hangit
quote:
Silver hit over $47 in 2011. It has been weakened ever since then.
I was buying a little every month thinking of slowing it down
Posted on 7/27/20 at 8:31 pm to Shanegolang
I have AUY, EXK and SILJ in my investments, they have all been climbing the last couple weeks, seems like every time Elon Musk mentions various metals used in battery production, prices go up.
This post was edited on 7/27/20 at 8:33 pm
Posted on 7/27/20 at 8:32 pm to Shanegolang
Good sign for BTC
Posted on 7/27/20 at 8:36 pm to Oilfieldbiology
quote:
I bought a lot of silver a few years ago. When is was $30 an ounce. frick me
I shorted at 48 and covered at 46
Posted on 7/27/20 at 8:38 pm to AUCE05
I always thought it was strange that a lot of economic doomers went from hard assets to BTC, which to me is even more abstract than the Fed's electronic printing press. But, I understand the idea that it is finite.
I was big into economic doomer porn in the mid 2000's and that really got ramped up around '08. That kind of thinking is back in style with the pandemic. I have always felt our fiat currency, fractional reserve, debt-based infinite growth economic system is doomed to fail at some point. I've just never been able to determine whether hyperinflation or deflation will win.
I was big into economic doomer porn in the mid 2000's and that really got ramped up around '08. That kind of thinking is back in style with the pandemic. I have always felt our fiat currency, fractional reserve, debt-based infinite growth economic system is doomed to fail at some point. I've just never been able to determine whether hyperinflation or deflation will win.
Posted on 7/27/20 at 8:42 pm to Sao
Probably Ron Paul lol
Always going on about buying gold
Always going on about buying gold
Posted on 7/27/20 at 10:05 pm to thelawnwranglers
quote:
I was buying a little every month thinking of slowing it down
Good luck on hitting your magic number, then getting out from under it.
Posted on 7/27/20 at 10:27 pm to thelawnwranglers
quote:
Coins or bars
Coins. Bars are not allowed anymore.
Posted on 7/27/20 at 10:42 pm to Triple Bogey
quote:
After the world economy collapses and the dollar is worthless, so will gold and silver. Do people really believe that gold and silver will be worth jack shite if hyperinflation takes place in the US?
Well, gold does have a 5,000 year track record. It will have value well after that paper we call the dollar is dead and buried.
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