Posts by Anthony Evans78

I don't have a crystal ball to give you a straight answer. But we all know how this goes. Why did they get the money in the first place? Because they’re insolvent, broke, or just plain out of cash—call it whatever you want. You really think they can stay in business by constantly getting handouts from the Federal Reserve? That's not how banks operate.
UniCredit hasn't fixed a single one of its issues. They basically got a free pass to delay an inevitable collapse. What we're looking at right now is zombie banking: dead, but still walking. The fact that the funds came directly from the Federal Reserve instead of through interbank lending tells you everything you need to know. Why? Because nobody trusts anyone else anymore; they all know exactly how bad things are. It's just a matter of waiting for someone to shout "Carl is king!" and then it's game over.

analogharbor44 said:Even though the Federal Reserve, Bank of England, Federal Reserve, and Bank of Japan all said they’d just print money forever, gold prices in those currencies haven't even budged!😂

It's because all that liquidity they conjured up is still just sitting in bank vaults instead of being unleashed onto the open market.
Once that floodgates finally open, you might want to find somewhere to hide.
And ideally, that hiding spot is made of gold and silver. 😉

neondriver5 said:

Prove it!

My mistake—I meant silver. Gold has actually been flat for the last six months.

Did it just click for you? If you haven't realized yet, the price of gold or silver in dollars or euros doesn't mean a thing to people like us. Personally, I prefer it lower so I can stack more. I have zero intention of swapping my precious metals for depreciating paper money.

Oh, really? Are we all just hoarding silver coins and gold bullion to play a convincing game of Monopoly when society eventually collapses?
You're buying because you're playing the long, and let's be honest, you're entitled to do just that.

Silver, much like gold, has actually been CLIMBING against EVERY major currency over the last TEN years.
Funny how things look different once you shift your perspective, isn't it?

"convincing Monopoly when the neighbors drop by?"

I’m having a hard time following your logic here. Could you be a bit more direct?
We buy this stuff to PRESERVE THE VALUE OF OUR HARD WORK, not to play the long or short game.
The name of our game is a number of ounces.

Jerry Wright6 said:Listen, kids, gold is absolutely in a bubble right now (enjoy the ride), because nobody was buying it like this after such a long bear market 20 or 30 years ago...
The most consistent returns over the last century actually come from something else entirely!!
TIMBER!

Here's another one who doesn't get gold or what a bubble actually is.🙂
It would be nice if you actually argued why gold is a bubble...

"because nobody was buying it 20 or 30 years ago during such a long bear market..."
...instead of just dropping that.
What kind of sentence is that even supposed to be? 🙂 What were you trying to say?
Speaking of wood... do you own a forest? Do you protect it from people coming to chop it down in the winter? Do you guard it against summer fires? Do you stockpile firewood? Do you sell logs as semi-finished goods?
Wood is great, I use it to heat my house, but it isn't money.🙂

Jerry Wright6 said:YES, the landscape of gold production—mining in general—is definitely shifting!
Biomining isn't just some joke. Everyone here seems to be an expert on gold already; most of you probably figured this out years ago...
But Biomining is taking over!
At some point, though, production could skyrocket (maybe we just start hitting Ctrl-P on gold more often?)

Supply might increase, but only because we're pulling it out of the earth faster, not because gold is magically multiplying... even if this is all true, it just means we get the gold sooner.🙂

nimblepanther18 said:My reasoning stems from the chart I previously shared, combined with a gut feeling that we might see a downward trend. As I highlighted in bold, I anticipate gold and silver could dip by roughly 5% to perhaps 10% in the short term. This holds true provided there are no major shifts in the political landscape—regarding the United Nations, Iran, or money printing, for instance—over the next 20 days.

Relying on "gut feelings" and looking at old data—what people call technical analysis—isn't going to get you very far, I'm afraid. 🙂

nimblepanther18 said:I suspect we might be looking at another slight or perhaps even a more significant price correction... time will tell...

What exactly are you basing that on?

Is this actually worth commenting on? ☕

Mining stocks are just pieces of paper.
The companies can always just churn out millions of new shares, diluting whatever you actually own until it's worthless.
And they can always tank to zero if the banks decide to pull a political or financial stunt on them...

What kind of gold Bubble are we even talking about? We haven't even hit the second phase of a Bubble here in the US.
If you're talking about some paper bubble, maybe there's an argument to be made, but physical gold? Not a chance.
Besides, these markets stopped being free a long time ago—if they can even still be called markets. How can you call it a market when machines handle over three-quarters of all exchange trading?
Forget technical analysis and charts. You’d have better luck at a Vegas casino.

neondriver5 said:It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

Don't you see how you just proved my point for me?

neondriver5 said:It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

They aren't printing "on us," they're printing based on available data. Unlike you, I actually back my claims up with facts instead of just throwing out random numbers and hoping for the best.
Gold four years ago: €600 and $900.
Gold today: €1330 and $1740

neondriver5 said:It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

It's pretty obvious you have no grasp of monetary history and are looking at an incredibly narrow window of time. You remind me of Dennis Gartman and Jon Nadler.
The price swings up and down constantly, yet it has practically doubled in four years. How do you explain that? 🙂
And of course, it's a correction whenever the price dips. All the fundamentals for gold rising—which I've already laid out—haven't changed; if anything, they've only gotten stronger.

neondriver5 said:Sure, it might touch 1900, but I expect it'll eventually retreat back down to that 1500 level we saw recently.

Based on what?
Are they stopping the printing of the Dollar and the US Dollar?
Is the world magically exiting this recession?
Are interest rates suddenly climbing?
Did the banks all become solvent overnight?
Is the Dow Jones Industrial Average, which plummeted 65% in the last month, making a comeback?
Did Iran, Russia, India, China, and Japan change their minds and decide to start using the Dollar as their primary medium of exchange again?
Are India and China suddenly dumping gold?
Will Israel and the USA just decide not to attack Iran?
Maybe it drops to 1500, but not on this planet.

Nothing about this surprises me anymore. 🙂
It’s just a race to the bottom for fiat currencies; I guess that's all they're good for. 😉
That’s why you’re better off holding physical gold and silver—at least you can sleep at night.

The Miners have serious potential, especially the juniors... they just need enough grit and research to find the right 🙂

I think your issue is that you’re looking at gold as just another commodity 🙂
How can you honestly believe currencies aren't caught in this crisis? Just look at what's happening with the Euro. And don't even get me started on the Dollar... it feels like every other day some new country is trying to ditch the Dollar as their primary medium of exchange.

The market keeps climbing right up until fiat hits zero.🙂
Then comes the system reset.

I pick stuff up from classifieds, online auctions, even under the counter at local coin shops...☕

briskjackal5 said:Personally, I wouldn't count what's happening in America as any kind of important factor in my analysis at all.
We aren't leading the charge in these kinds of shifts, and our local market doesn't have any real pull on prices anyway. Prices are set globally. We're just along for the ride, watching from the sidelines.
So, whether there's some crazy gold fever or a bubble happening right here locally doesn't really matter. It doesn't change a thing, and it's definitely not an indicator worth paying attention to, I think.

-Joe

The trick is just to take advantage of the fact that nobody has a clue what's actually going on.🙂

At least we have a few ways to find alternatives to the euro or the dollar 😉

The dollar really did sell its soul just to stay relevant, didn't it?🤣