359 posts shown.
dustyheron5 said:That’s certainly true when you consider the Euro...😍
Patrick Moore3 said:Didn't miss anything... You just picked a moment when buying silver in USD was a steal, so obviously that looks profitable.
I'm talking about a different window—a time when silver was overpriced. Anyone who bought then? They've been underwater for 30+ years compared to someone who grabbed paper back then.
It’s all about timing... even paper can be a solid play depending on when you jump in. 😉
Fair enough... It's rough, yeah, but this isn't the first crisis and it won't be the last...
Then again, maybe now is actually the perfect time to play the game. 😍
A lot of people are gonna get hit—those who see it coming and those who don't... just some more than others...
Good luck with your investments, ironstag8. All the best... 👋
dustyheron5 said:I don't share the view that there's a cartel targeting gold or silver exclusively—but I also can't agree with my colleague that there isn't downward manipulation happening... I am convinced that Americans and their largest investment banks manipulate everything (both up and down) 🙂... from gold and silver to commodities, oil, currencies, stock markets, interest rates, and even statistical reports... everything...
As for gold, I see it climbing right after bad economic data rolled in from all over the world... moving from $1,548 to $1,585 USD 😉
And for crimsonranger38, I have a little something special:
http://www.zerohedge.com/news/big-re...sentation-ever
dustyheron5 said:Respect to anyone who got into gold back in 2008...
Treasury bonds are arguably the largest bubble of them all—they might hold up for a few more years, sure—but by 2015? Things are going to look quite different...
A price correction for gold after jumping from $1,450 to $1,923 is perfectly normal...
Inflation can happen even without wage growth—something we are already witnessing...
quiettrucker12 said:I’d say it’s a coin flip whether we see another quick dip below 1526—though I doubt we’ll break 1490. As for miners, that's a different story; I don't see them dropping below the 16.05 level anytime soon.
placidlynx43 said:The cartel just dumped everything into the 6th—gold dropped $20 in five minutes flat, and silver took a hit of over 2%. Honestly, I’m dying to know... what kind of news could possibly be that bearish for gold?
brightviper48 said:And what, exactly, is the actual utility of gold? What can one truly accomplish with it? You cannot eat it—certainly not—you cannot use it to warm your home, you cannot grow crops upon it, nor can you live inside it... it serves no practical purpose in any meaningful sense.
Gold, much like any other currency, possesses value only insofar as the rest of society agrees that it does...
Beyond that, it simply fails to generate any tangible value—on a farm, you can plant crops to sell; in the woods, you can harvest timber for profit; but with gold, you’re left doing nothing but waiting for some sucker willing to pay an even higher price...
hollowmoose21 said:So you think everyone's gonna lose their minds and start panicking, huh? Is that your big plan? 😁
Walter Barrett8 said:Which specific episode of The New York Times was I missing during the 6:30 PM broadcast on NBC last night?
dustyheron5 said:He’s probably better off not watching... especially over the next couple of years...🤣
But did anyone else catch that semi-truck full of cartridges arriving under heavy escort at the Federal Reserve?
dustyheron5 said:When I talk about the rally in metals, my primary focus is silver—I'm anticipating it could see roughly a 100% increase from current levels by the end of the year...
As for gold, I expect it to consolidate through November before staging a powerful move upward...
Of course, this is just my personal take.😉
neondriver5 said:One hallmark of any "cult" is how they explain away every dip in their precious commodity—it’s always just a "correction," a conspiracy, or some shadowy cabal at work.
Every price surge, on the other hand, is framed as inevitable, totally logical, and "just the beginning." They tell you to sit tight and enjoy the ride because everything is headed 500% higher by Christmas, and then who knows what happens after that.
The reality? Gold has been sliding for the last six months, and silver has dropped even harder. That's just a fact. Anyone looking at the actual, current situation can see it, rather than listening to the dreamers spinning wild scenarios about how the Federal Reserve is printing money and gold is destined to hit $5,000 an ounce.
Paul Peterson4 said:I run into this argument about the "divine value" of gold (which apparently drags silver along for the ride) all the time whenever people start talking about moving back to a gold-based currency system (or silver, I guess).
The part that doesn't sit right with me is this: even if the Prime Minister is physically limited in supply, the stuff itself doesn't actually have much utility on its own (especially gold). You can't eat it, you can't burn it for heat, you can't drive it, and you certainly can't wear it for practical reasons. Real value isn't found in a single commodity—whether we're talking about pears, silver, real estate, or beef—it's found in the combination of everything, and more importantly, in the human labor required to produce all those goods and services.
Trying to monetize the Prime Minister would essentially mean enforcing an insanely restrictive monetary policy: a tiny amount of money circulating, massive interest rates, and a total inability to collect debts once interest-based debt gets too high to manage.
Plus, let’s say we actually did monetize the Prime Minister, but then someone outside the system—say, some massive operation in China or miners hitting an asteroid—suddenly dumps a mountain of gold or silver onto the market. Does the value of the Prime Minister drop relative to the dollar? No, because money is just a promissory note for the Prime Minister. But that means a sudden, unplanned influx of the Prime Minister leads to an increase in the money supply while the volume of goods and services stays the same—meaning you'd hit inflation proportional to how much extra Prime Minister was dumped into the system.
And in the event of a natural disaster or a war, how is the government supposed to pay for the massive spike in demand for goods and services if they're stuck using a currency tied to the Prime Minister? Their only move would be issuing bonds or creating a parallel currency.
lonehawk5 said:The current price says it all...