Posts by quiettrucker12

brightviper48 said:Not the opposite—it’s moving right along with the signal... because that way, it actually fulfills its own purpose.

If everyone assumes a price will climb to 100 before it finally breaks—and then begins to slide—they’ll all rush to sell at that exact mark... effectively triggering the very crash they predicted. It becomes a self-fulfilling prophecy, really.

I’ll be sketching out some wave patterns on the chart tonight—then I'll post them here...

That's just trend following.

We might be looking at a double top forming in the US Dollar.

placidlynx43 said:After trading a few hundred emails back and forth with Sinclair Broadcast Group, Ivory, Angry Andy, Embry-Riddle, and Turd Ferguson, I’ve come to one pretty simple conclusion: the price of Silver and Gold is going to be whatever the manipulators decide it's going to be. These guys can play this cat-and-mouse game for an eternity—way longer than any of us have the patience for. For instance, look at what happened today: right after the NPR Cartel dropped their announcement, they pumped gold up by $13 just to wipe out those spec short sellers, only to let it tank $20 later to crush the spec longs. You’ve got to wrap your head around the fact that gold jumping from $248 to $1,600 over the last 11 years didn't happen by accident—it happened because the Cartel pulled the strings. Period. Regardless of what the macro economic data says, prices will only move when and if the Cartel decides they're ready to move them.

It would’ve been nice if you mentioned what happened to the dollar on Thursday and Friday (it jumped 2%). Funny how gold dropped 2.5% during those exact two days. So much for "manipulation," or maybe someone is manipulating the dollar just to sink gold 😁.
If the dollar keeps climbing, there's a high chance gold breaks 1547, which would be devastating for the metal. Right now, the odds are at least 50:50. If the dollar loses steam, or if gold manages a quick pivot against the dollar to push past 1642, the outlook changes completely. So, we're looking at $58 from the upper limit and $37 from the bottom. We'll likely have our answers next week.

We’re looking at two critical levels here. First up, the 10-day moving average sits at 1584. Then there's the June 28th floor at 1547. If that jobs report comes in hot, I doubt the first level will hold. But if things soften and we break that second one? Gold is in serious trouble. Bottom line: staying above 1547 is the goal right now.

Melissa Sanchez17 said:It’s finally happening! The Bank of England is printing money again, and the Federal Reserve just slashed rates. Plus, we’ve got that US jobs report coming up next.

+ And don't forget this. Gold is heading straight for $1500.

http://www.zerohedge.com/news/adp-sa...ufacturing-jobs

Gold hitting $1500? That's well below $1526. Predicting that would be a total 180, which makes it a pretty radical call.

If tomorrow's jobs report comes in strong, it's realistic to think gold might briefly test the 10-day moving average at $1585. Sure, it could drop lower, but $1500?? No way.😕

There’s a whole list of doomsday scenarios out there, though if you ask me, most of them aren't even realistic. For instance, if we slip below 1526, that’s a massive red flag. Right now, the price action isn't exactly looking pretty, but I’m still holding onto my optimism.

Upside potential here. Something interesting will probably "leak" over the weekend, so we might see a rally on Monday while the Dollar slides down.

Edit: The real question is whether 1558 can hold through the end of the week, or if we’re looking at a new bottom—maybe $10-$15 lower—sometime between tomorrow and Monday. Honestly, I’m leaning toward it holding above 1558, but we'll see.

placidlynx43 said:So, now we’ve got Moody's downgrading banks in the USA, and honestly? I wouldn't be surprised if the big US banks are next on the chopping block. It makes me nervous that those levels at 1523/1526 could get absolutely shredded—I'm legitimately worried we might see a slide down toward 1460-1470. If that happens, mining stocks are going to get absolutely massacred. That's why I dropped the link to Kim Kardashian's comment earlier. To be real with you guys, I think we're staring down the barrel of some major bank failures and full-blown bank runs... basically entering a deflationary depression that could drag on for a while. My gut says we aren't seeing any more Quantitative Easing this year.

No way. Anything can happen, sure, but... the miners have already survived a slaughter once. Give it a few days and we'll be pushing toward 1700.

placidlynx43 said:I mentioned we might see a retest at 1523, and—surprise, surprise—it looks like we’re getting exactly that. Honestly, it feels like the big players are doing everything in their power to "crush" gold, especially the mining companies. It doesn't even matter what the news cycle throws at us—whether it's bullish or bearish—they find a way to use it as an excuse to tank the prices. I’m genuinely worried we’re headed for some tedious range trading between 1500 and 1750 through the US elections and the end of the year. Even Sinclair is starting to look pretty desperate. Looks like Armstrong might actually be onto something after all. It’s going to be a long, really long road for gold.

The line in the sand is 1526. Miners are still sitting 16% above that floor. This slide toward 1526 might wrap up by tomorrow, or maybe by Wednesday at the latest. The trend could flip at any moment, so this whole mess is basically a buying opportunity while everyone else is panicking. It sucks that silver decided to dip right after such a long consolidation, but that's usually how it goes right before a massive breakout.

Melissa Sanchez17 said:Well, this caught me completely off guard—total curveball. That sale lasted for what, a single day? And now oil prices have already tanked 😕

Everything is revolving around oil right now. It feels like everything has hit rock bottom except maybe oil—hopefully. Once oil finds its floor, the rest might actually start climbing. And by "everything," I mean the S&P 500, the CRB, gold, the whole works.

It’s honestly wild how many times Ben repeated himself during that speech and when answering reporters. He kept insisting he'll do whatever it takes to fix the economy—basically saying he's ready to buy up everything in sight via continuous QE.

http://www.youtube.com/watch?v=VjQwfkQj6e4

Looks like a continuation of the twist (basically just continuous QE).... Miners have reacted pretty well so far, hopefully metals follow suit soon.

Melissa Sanchez17 said:I'm gonna have to disagree with you there. The stock markets are holding steady, unemployment is hovering around 8%... plus, they aren't pulling the trigger on Quantitative Easing 3 unless the DJIA drops below 10,000. At this rate? It's not happening. And if that doesn't happen, gold is probably going to slide down about 50 bucks. Guess we'll find out in the next day or two.😍

check out what these analysts are saying

http://www.zerohedge.com/news/case-n...00-says-socgen

The most likely scenario? The Federal Reserve stays silent today. If they do nothing, we could see a sudden, sharp flash crash—maybe silver sliding down to 1550-1560 ($27 silver)—followed by a rapid reversal that's nearly impossible to catch. It would be just like what happened back on June 8th. We'll see how it plays out today...

placidlynx43 said:I'm pretty damn sure the Federal Reserve isn't going to announce Quantitative Easing—or any other flavor of money printing—this Wednesday. They aren't even going to drop a hint about it. Which means we're looking at a plunge followed by a retest down to $1523.

Honestly, it looks to me like gold doesn't give a damn about Quantitative Easing right now—or even the Dollar. We might see a little correction, but it'll be short-lived before we head straight for 1700.

nimblepanther18 said:My goal is to catch the bottom—to be positioned as close to the floor as possible. Is it actually feasible to predict if this news will drive metal prices even lower, or will it serve as a signal for a rally? It was just confirmed that the US government approved a $100 billion bailout package, but I suspect that amount falls short of what is truly required to stabilize things...

The bottom likely hit on May 16th at $1526.

We’ll find out soon if we can push toward 1660 by Monday, or if yesterday's 1641 was the peak. If it was, we’re looking at about ten days of a slow slide down to 1600—maybe even hitting 1575. After that, I'm hoping for a rally bigger than this recent 7.5% jump ($115, from 1526 up to 1641), slowly grinding our way toward 1800 or 1900 by the end of summer. Bernanke is speaking today, and gold usually takes a hit when he does. If I recall correctly, the speech is at 10 AM ET.

1617. After a quick breather to consolidate, we should be ready to push higher again

Even more critical now—take a look at the weekly charts:

Weekly Gold:

stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=1&mn=0&dy=0&id=p40962975672

Weekly Equities:

stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=1&mn=0&dy=0&id=p40962975672

Weekly USD:

stockcharts.com/h-sc/ui?s=$USD&p=W&yr=1&mn=0&dy=0&id=p60701082548

Weekly PM Miners:
stockcharts.com/h-sc/ui?s=$HUI&p=W&yr=1&mn=0&dy=0&id=p20827449102

Weekly Commodities:

http://stockcharts.com/h-sc/ui?s=$CRB&p=W&yr=1&mn=0&dy=0&id=p95806748213

So everything else is cratering while gold is absolutely ripping. On the daily view, the Federal Reserve saw a slight dip, but that was just the spark.

neondriver5 said:I’m not sure if we just rattled the cage of the gold bugs, but I can’t remember the last time gold jumped 3.5 percent in a single day.😍
Man, if I had a position right now... I'd be shorting this move in a heartbeat.

One more time: does anyone know of any reliable US brokers that offer trading on gold ETFs? Maybe even some options.
This is like taking candy from a baby.

You're joking, but honestly? From a trader's perspective, this kind of "attack" on a topic is actually a stellar indicator that we’re hitting bottom. When everyone is absolutely convinced a move is headed south, that's usually when it stops dropping. On the flip side, gold is going to need a few days before that 10-day moving average starts trending upward. We might see some sideways oscillation or just a bit of consolidation—maybe even a slight bump up—during those next couple of days. Here’s where that 10-day average stands:

Check out this chart for Gold. It’s showing the daily movement over the last three months. Take a look.

What we’re seeing around February 25th isn't the same deal—by then, that blue line had already caught an upward trend.

Look, regardless of what anyone says about practice, shorting right now isn't even on the table. There isn't a single setup out there that looks more bullish for gold than this.

Stocks - S&P 500:
Check out this chart for the S&P 500. It’s doing exactly what you’d expect. No surprises here, just more of the same.

Commodities - CRB:
Check out this chart on Commodities. It’s doing exactly what you’d expect. Just another day in the markets.

Everything is bleeding red, yet gold is absolutely crushing it—and the Federal Reserve hasn't even seen a significant drop in value.

And one last little sweetener for you miners:

I can't access external links directly, but if you paste the text from that chart analysis here, I’ll get to work. Just give me the raw content, and I'll rewrite it into my usual style—short, punchy, and straight to the point.

Which stocks are tracking that? Take a look at the S&P 500 above.

----------------------
I find it hard to believe we’ll see anything dip below 1600 before those fluctuations catch up to the 10-day moving average. Once we actually start moving up, the next resistance level should sit right around 1643 or 1644.

Man, that’s a lot of text. Honestly, 🙂😉

crimsonranger38 said:Warren Buffett

Your opening sentence is pure nonsense. If you actually believe that, you seriously need to go back to school and re-indoctrinate yourself. Gold and silver aren't money—period. You can’t walk into a store and buy a gallon of milk or pay your barber with a hunk of bullion. To get anything done, you have to sell those metals first just to get the actual cash required for a transaction. As for your claim that these two metals can't be overvalued? That's just your opinion. The market—meaning the vast majority of people—clearly disagrees, which is exactly why prices have tanked by at least 20%.

The market overvalued it. Period. That’s the bottom line. Second, just because you personally believe money needs to be some permanent, unchanging thing doesn't mean that's how reality works. End of story. In that light, money could just as easily be platinum, iridium, palladium, osmium, rhodium, ruthenium, mercury, copper, or any other precious metal. Honestly, it’s almost unnecessary to point out that most of those metals are far more useful in a practical sense than gold. Gold has virtually zero utility compared to something like copper or rhodium. At the end of the day, people decide what counts as money for them. It’s entirely possible that most Americans might wake up tomorrow, decide the USD isn't worth their time anymore, and start trading goods and services in something else entirely.

Let’s go over this one more time: gold and silver aren't money. In their current physical state, they’re about as useful as an onion or a piece of real estate. However, unlike gold, silver and copper actually offer some sort of net benefit to society. They are productive assets. Gold? For the most part, it just ends up being used to plate microchips to make them look pretty. 😍

You’ve reached that stage where you claim nothing in this world can be truly measured against gold and silver—as if those metals are the only real currency in existence, some kind of divine standard held sacred only by you and your ilk. That’s nonsense. Of course everything can be compared. If you want proof, head down to the local farmers market and ask the vendor how much a pound of onions costs. Then, walk over to a jeweler and ask them to calculate exactly how much gold you’d need to trade for that same pound of onions. That jeweler doesn't know the price of an ounce of gold because they simply decided it was worth $10,000; they know it because the market dictated it. If the market suddenly decided an ounce of gold was worth $100,000, then that’s what it would be. Period. The price of gold, just like the price of anything else, is driven by supply and demand. And we all know the deal here: global gold supply is stagnating while demand keeps climbing—mostly fueled by speculators—which is exactly why the price keeps climbing. Simple math.

Look, there are properties out there with market values exceeding $10,000 per square foot. Ask the average person what they’d pick: a 1,000-square-foot home in the heart of NYC, Chicago, or Los Angeles, or maybe 770 ounces of gold. I suspect most people would choose the house they can actually live in. You can't exactly move into a bar of gold. Sorry, but you can stare at it and admire how shiny it is, but it's perishable and useless for shelter.

I wasn't aware that fiat currency had absolutely no value. If that's the case, I assume you won't mind handing over all that worthless paper in your wallet or sitting in your bank account to me. I'd be quite grateful, and honestly, I'd be doing you a favor by taking that trash off your hands—just scraps of paper that serve no purpose. Any system, current or future, means nothing without the people participating in it. The issue here is the human element. We aren't going to fix today's crisis simply by swapping out the system. At the end of the day, despite its flaws, this system helped build the standard of living we enjoy today—which is undoubtedly the highest in human history. If the political elites would just stop trying to micromanage market processes, things might actually improve for everyone.

As far as I'm concerned, that's just plain old demagoguery, the kind of stuff you hear on the news every single day. We cannot describe an era of unprecedented standards of living for Americans, alongside hundreds of millions of people being lifted out of poverty, as "benefiting a few while harming everyone else."

Warren Buffett says:

Mary Asks: The beauty of this whole setup for a select few is that most people will fight tooth and nail to defend and maintain it. They cling to it desperately. That works right up until the moment the system starts cracking—which, if you ask me, actually began the very day Nixon signed his name on the dotted line.

Ha, sure. Let’s just pivot back to that glorious gold standard you’re obsessed with, because that would obviously make your net worth skyrocket overnight. How incredibly convenient for you, right? Honestly, I wouldn't hold my breath waiting for that movie to start playing. You’ll probably just stick to your usual routine: daydreaming about the total collapse of the global financial system. Hey, nobody can take your fantasies away from you.

And another thing; if you honestly believe everything went south on August 15, 1971, then you clearly haven't done your homework. You’re missing the most basic facts. That whole "Gold Standard" era following World War II was essentially an illusion, and the money supply proves it. During the 26 years of BWS's life, the money supply surged from $107 billion to $720 billion—that's nearly a sevenfold increase. We're looking at an average annual growth rate of 7.7%, which actually outpaces the 5.4% we've seen over the last 27 years. Even inflation rates back then were higher than what we've dealt with recently. Honestly, even a kid in elementary school could see that there wasn't really a Gold Standard in play.

And here’s another crucial point for the record: I can’t for the life of me remember a single time the United States or the UK actually maintained 100% gold backing for their entire money supply. If memory serves—and I try to be precise about these things—the last time we saw anything resembling a legitimate gold standard was back in the mid-19th century, and even then, coverage only hovered around 30%.

If the United States actually wanted to go back to being 100% gold-backed—I can’t even remember the last time we did that—we’d have to revalue gold from its current price of $1,600 all the way up to $60,000 per ounce. Just to hit a 30% coverage level? You’re looking at roughly $17,900 an ounce. It’s the same math for the Eurozone; you’d be looking at $59,000 and $17,600 respectively to hit those targets. For anyone currently hoarding gold, that would be the ultimate jackpot. That’s exactly why the last few holdouts are screaming for a return to the gold standard. They want the payday, but they clearly haven't done the math on the absolute chaos they'd be inviting.

Don't get me wrong—I'm not suggesting the United States and the Eurozone are just printing money like there’s no tomorrow. But let's look at the math. If China were backed 100% by gold, an ounce would need to hit $432,000. Even with a more modest 30% coverage, we're looking at $130,000. It’s all about the ratios. For Russia, those numbers jump to $315,000 and $95,000 respectively. Japan sits at $466,000 and $140,000. And then you have Brazil, where things get truly absurd: $1,520,000 or $456,000 depending on how much skin you have in the game. Numbers don't lie; they just reveal how thin the ice really is. 😍

It would be absolutely bloody marvelous if someone holding $10,000 worth of gold today could just flip it tomorrow for $375,000 or maybe $112,000. A total windfall. But let’s be real—that isn't going to happen, no matter how many doomsday scenarios certain folks in this thread try to conjure up. 😍

I’ve always had a certain level of skepticism toward people who believe that repeating a lie a hundred times will somehow turn it into an undeniable truth on the hundred-and-first attempt. It’s a special kind of delusion. Think about it this way: imagine you walk up to a local farmer's market vendor and try to settle your tab for some organic produce by offering them a handful of gold or silver coins. You might be convinced of their intrinsic value, but that doesn't matter. What matters is how the crowd perceives them. Most Americans don't view gold as "money" in the everyday sense—just like they wouldn't try to pay for a latte with Danish Krone or British Pounds. The reality is simple, if a bit cynical: that vendor is going to take your US dollars long before they ever touch your scrap metal. At the end of the day, consensus beats conviction every single time.

Money, much like anything else in this universe, carries a price tag—a value. That value is ultimately defined by the goods and services you can actually grab with it. In certain corners of the globe, its purchasing power is climbing, whereas out here in the West, we’re seeing a more moderate slide. Then again, if you look at it through the lens of real estate, the dollar's strength tells a different story in many Western nations. It’s been much the same since last summer regarding gold and silver; the dollar has gained ground against those metals, and even against some of the more obscure currencies you might encounter.

It’s a total cult, really. You’ve already gone and said it three times—even went through the trouble of bolding it—that gold and silver are fundamentally different from every other form of currency out there. 😍

Warren Buffett

In that light, money starts looking less like paper and more like copper or some other chemical element on the periodic table.

Since you brought it up, what would you choose right now?

crimsonranger38 said:Warren Buffett

Your opening sentence is pure nonsense. If you actually believe that, you seriously need to go back to school and re-indoctrinate yourself. Gold and silver aren't money—period. You can’t walk into a store and buy a gallon of milk or pay your barber with a hunk of bullion. To get anything done, you have to sell those metals first just to get the actual cash required for a transaction. As for your claim that these two metals can't be overvalued? That's just your opinion. The market—meaning the vast majority of people—clearly disagrees, which is exactly why prices have tanked by at least 20%.

The market overvalued it. Period. That’s the bottom line. Second, just because you personally believe money needs to be some permanent, unchanging thing doesn't mean that's how reality works. End of story. In that light, money could just as easily be platinum, iridium, palladium, osmium, rhodium, ruthenium, mercury, copper, or any other precious metal. Honestly, it’s almost unnecessary to point out that most of those metals are far more useful in a practical sense than gold. Gold has virtually zero utility compared to something like copper or rhodium. At the end of the day, people decide what counts as money for them. It’s entirely possible that most Americans might wake up tomorrow, decide the USD isn't worth their time anymore, and start trading goods and services in something else entirely.

Let’s go over this one more time: gold and silver aren't money. In their current physical state, they’re about as useful as an onion or a piece of real estate. However, unlike gold, silver and copper actually offer some sort of net benefit to society. They are productive assets. Gold? For the most part, it just ends up being used to plate microchips to make them look pretty. 😍

You’ve reached that stage where you claim nothing in this world can be truly measured against gold and silver—as if those metals are the only real currency in existence, some kind of divine standard held sacred only by you and your ilk. That’s nonsense. Of course everything can be compared. If you want proof, head down to the local farmers market and ask the vendor how much a pound of onions costs. Then, walk over to a jeweler and ask them to calculate exactly how much gold you’d need to trade for that same pound of onions. That jeweler doesn't know the price of an ounce of gold because they simply decided it was worth $10,000; they know it because the market dictated it. If the market suddenly decided an ounce of gold was worth $100,000, then that’s what it would be. Period. The price of gold, just like the price of anything else, is driven by supply and demand. And we all know the deal here: global gold supply is stagnating while demand keeps climbing—mostly fueled by speculators—which is exactly why the price keeps climbing. Simple math.

Look, there are properties out there with market values exceeding $10,000 per square foot. Ask the average person what they’d pick: a 1,000-square-foot home in the heart of NYC, Chicago, or Los Angeles, or maybe 770 ounces of gold. I suspect most people would choose the house they can actually live in. You can't exactly move into a bar of gold. Sorry, but you can stare at it and admire how shiny it is, but it's perishable and useless for shelter.

I wasn't aware that fiat currency had absolutely no value. If that's the case, I assume you won't mind handing over all that worthless paper in your wallet or sitting in your bank account to me. I'd be quite grateful, and honestly, I'd be doing you a favor by taking that trash off your hands—just scraps of paper that serve no purpose. Any system, current or future, means nothing without the people participating in it. The issue here is the human element. We aren't going to fix today's crisis simply by swapping out the system. At the end of the day, despite its flaws, this system helped build the standard of living we enjoy today—which is undoubtedly the highest in human history. If the political elites would just stop trying to micromanage market processes, things might actually improve for everyone.

As far as I'm concerned, that's just plain old demagoguery, the kind of stuff you hear on the news every single day. We cannot describe an era of unprecedented standards of living for Americans, alongside hundreds of millions of people being lifted out of poverty, as "benefiting a few while harming everyone else."

Warren Buffett says:

Mary Asks: The beauty of this whole setup for a select few is that most people will fight tooth and nail to defend and maintain it. They cling to it desperately. That works right up until the moment the system starts cracking—which, if you ask me, actually began the very day Nixon signed his name on the dotted line.

Ha, sure. Let’s just pivot back to that glorious gold standard you’re obsessed with, because that would obviously make your net worth skyrocket overnight. How incredibly convenient for you, right? Honestly, I wouldn't hold my breath waiting for that movie to start playing. You’ll probably just stick to your usual routine: daydreaming about the total collapse of the global financial system. Hey, nobody can take your fantasies away from you.

And another thing; if you honestly believe everything went south on August 15, 1971, then you clearly haven't done your homework. You’re missing the most basic facts. That whole "Gold Standard" era following World War II was essentially an illusion, and the money supply proves it. During the 26 years of BWS's life, the money supply surged from $107 billion to $720 billion—that's nearly a sevenfold increase. We're looking at an average annual growth rate of 7.7%, which actually outpaces the 5.4% we've seen over the last 27 years. Even inflation rates back then were higher than what we've dealt with recently. Honestly, even a kid in elementary school could see that there wasn't really a Gold Standard in play.

And here’s another crucial point for the record: I can’t for the life of me remember a single time the United States or the UK actually maintained 100% gold backing for their entire money supply. If memory serves—and I try to be precise about these things—the last time we saw anything resembling a legitimate gold standard was back in the mid-19th century, and even then, coverage only hovered around 30%.

If the United States actually wanted to go back to being 100% gold-backed—I can’t even remember the last time we did that—we’d have to revalue gold from its current price of $1,600 all the way up to $60,000 per ounce. Just to hit a 30% coverage level? You’re looking at roughly $17,900 an ounce. It’s the same math for the Eurozone; you’d be looking at $59,000 and $17,600 respectively to hit those targets. For anyone currently hoarding gold, that would be the ultimate jackpot. That’s exactly why the last few holdouts are screaming for a return to the gold standard. They want the payday, but they clearly haven't done the math on the absolute chaos they'd be inviting.

Don't get me wrong—I'm not suggesting the United States and the Eurozone are just printing money like there’s no tomorrow. But let's look at the math. If China were backed 100% by gold, an ounce would need to hit $432,000. Even with a more modest 30% coverage, we're looking at $130,000. It’s all about the ratios. For Russia, those numbers jump to $315,000 and $95,000 respectively. Japan sits at $466,000 and $140,000. And then you have Brazil, where things get truly absurd: $1,520,000 or $456,000 depending on how much skin you have in the game. Numbers don't lie; they just reveal how thin the ice really is. 😍

It would be absolutely bloody marvelous if someone holding $10,000 worth of gold today could just flip it tomorrow for $375,000 or maybe $112,000. A total windfall. But let’s be real—that isn't going to happen, no matter how many doomsday scenarios certain folks in this thread try to conjure up. 😍

I’ve always had a certain level of skepticism toward people who believe that repeating a lie a hundred times will somehow turn it into an undeniable truth on the hundred-and-first attempt. It’s a special kind of delusion. Think about it this way: imagine you walk up to a local farmer's market vendor and try to settle your tab for some organic produce by offering them a handful of gold or silver coins. You might be convinced of their intrinsic value, but that doesn't matter. What matters is how the crowd perceives them. Most Americans don't view gold as "money" in the everyday sense—just like they wouldn't try to pay for a latte with Danish Krone or British Pounds. The reality is simple, if a bit cynical: that vendor is going to take your US dollars long before they ever touch your scrap metal. At the end of the day, consensus beats conviction every single time.

Money, much like anything else in this universe, carries a price tag—a value. That value is ultimately defined by the goods and services you can actually grab with it. In certain corners of the globe, its purchasing power is climbing, whereas out here in the West, we’re seeing a more moderate slide. Then again, if you look at it through the lens of real estate, the dollar's strength tells a different story in many Western nations. It’s been much the same since last summer regarding gold and silver; the dollar has gained ground against those metals, and even against some of the more obscure currencies you might encounter.

It’s a total cult, really. You’ve already gone and said it three times—even went through the trouble of bolding it—that gold and silver are fundamentally different from every other form of currency out there. 😍

Warren Buffett

In that light, money starts looking less like paper and more like copper or some other chemical element on the periodic table.

I get the point, but... In trader speak, Silvercorp and San Francisco are "investors," not speculators. To me, they are the perfect "riders" for a bull market. I wrote a ton about this 7 or 8 months ago. They don't flinch during corrections, which is great, but there's a massive catch: they think the bull market will last forever, so when the end comes, they won't sell in time. Even the people planning an early exit might not make it out. If we were trying to build the ultimate bull market rider, they’d need to act like Silvercorp and San Francisco for the first 90% of the run, then suddenly transform into completely different people for the last 10%—selling everything instantly to grab whatever is undervalued at that moment. Personally, I think we're in a bull market unlike anything we'll ever see again. Just getting in early isn't enough; the trick is getting out early—before it's too late.

So, my take is that anyone smart enough to bail before the crash (maybe even 20% before the peak) would likely buckle and sell during a minor correction instead. This applies to any bull market, especially this "my precious" thing that keeps shining.

A winning combo would be: Person A buys gold and holds it, while Person B inherits that gold right at the tail end of the bull market, dumps it immediately, and pivots into something else.

As for the idea that silver will outperform gold—that's a shallow argument just because silver is an industrial metal. The idea that it has more upside simply because it's much cheaper than gold sounds a lot more convincing to me.