Started by Melissa Sanchez17 · · 👁 100 views · 3K replies
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vividgull10 said:Hey everyone
I've been lurking here for a bit because I think it's high time people stop overlooking this type of investment.
Personally, I’m leaning toward silver right now. Even if I'm looking at the long haul—mostly just to preserve value—I doubt you can go wrong picking either silver or gold.
The real headache is the state of precious metals here in the States. I still need to figure out the simplest, cheapest way to start building a stash. There's info everywhere, but since I don't personally know anyone who actually deals with this stuff, I'm pretty skeptical of every corner shop claiming they "work with gold." This is our money and our future we're talking about.
As for prices and what's coming next, I don't have much of a dilemma. If you strip away the speculation, investing in precious metals is my most reliable bet for the long term (assuming you accept that nothing is 100% certain). All I need to do is track two things: the US Dollar money supply and gold prices. In my opinion, the crisis of faith in fiat currency is right around the corner.
rapidranger54 said:I will likely look like a fool in your eyes once the gold euphoria hits—that inevitable boom and all that—but to me, it feels far too much like the real estate bubble from ten years ago...
gold is just metal...if you want something durable that won't rust, there's aluminum or stainless steel...just kidding.
to me, this looks like yet another mechanism to siphon money from the public through the media and the banks, all designed to enrich a select few...
rapidranger54 said:I will likely look like a fool in your eyes once the gold euphoria hits—that inevitable boom and all that—but to me, it feels far too much like the real estate bubble from ten years ago...
gold is just metal...if you want something durable that won't rust, there's aluminum or stainless steel...just kidding.
to me, this looks like yet another mechanism to siphon money from the public through the media and the banks, all designed to enrich a select few...
quiettrucker12 said:The Bull market hasn't hit the average person yet. Right now, we're in the phase where they're squeezing gold out of people through various buyback programs. Of course, by the final stage, the "little guy" will get burned again because they'll be buying at the absolute peak after selling everything while it was still cheap.
quiettrucker12 said:The Bull market hasn't hit the average person yet. Right now, we're in the phase where they're squeezing gold out of people through various buyback programs. Of course, by the final stage, the "little guy" will get burned again because they'll be buying at the absolute peak after selling everything while it was still cheap.
rapidranger54 said:Well said. A very polished sentiment.
I can't help but wonder what the price of gold would look like if, heaven forbid, Israel and Iran actually went at it—oil hitting $300 per barrel, total economic collapse, and all that. At that point, I suspect the biggest winners wouldn't be investors, but rather some grandmother out in rural Montana with a cellar full of potatoes and a couple of sheep in her barn...
quiettrucker12 said:It looks like both gold and the stock market have stopped caring about how weak the US Dollar is. That tells me the Greenback is either bottomed out or right on the edge. The Euro has hit its trendline, and if Ben doesn't cook up some QE—or maybe some supercharged turbo QE—by Friday, I think the Euro is going to slip. If that happens, we’re looking at a final two-month sprint for the Dollar. Such a move would likely trigger a massive autumn sell-off in everything except the USD. Any rally in precious metals coming later in October would look like a total hurricane compared to the little scraps we've seen lately.
Anthony Evans78 said:Is gold just a metal? 🙂
And what about money over the last few millennia? 🙂
Irony aside, we’re nowhere near the kind of mania we saw with gold and silver—especially silver.
It has nothing to do with real estate, either. Real estate was just your classic bubble where people thought they were geniuses buying homes way beyond their means, only to get crushed by interest rates (looking at you, Swiss Franc loans). Not to mention everyone assumed property values would just climb toward the stratosphere forever. 🙂
Even without major wars, oil prices climb, and if the Middle East catches fire again, we're all in trouble...
One more thing: JPM has been struggling with shorts for a few months now. 😉 Last time they were in this much trouble was about a year ago when silver spiked toward $50... 🙂
Anthony Evans78 said:How do you not see that gold is the direct enemy of their fiat currencies and the only true measure of what things are actually worth? Of course they're shorting it; unlike fiat, they can't just print more gold with a few clicks of a mouse.
It’s clear you still don't get that gold is money, not just some commodity.
Unlike other "markets," precious metals rarely face real corrections when supply and demand actually shift. Please, enlighten me: what market logic explains a "correction" where value drops 5% in a matter of seconds? There isn't any.
Anthony Evans78 said:How do you not see that gold is the direct enemy of their fiat currencies and the only true measure of what things are actually worth? Of course they're shorting it; unlike fiat, they can't just print more gold with a few clicks of a mouse.
It’s clear you still don't get that gold is money, not just some commodity.
Unlike other "markets," precious metals rarely face real corrections when supply and demand actually shift. Please, enlighten me: what market logic explains a "correction" where value drops 5% in a matter of seconds? There isn't any.
Anthony Evans78 said:How do you not see that gold is the direct enemy of their fiat currencies and the only true measure of what things are actually worth? Of course they're shorting it; unlike fiat, they can't just print more gold with a few clicks of a mouse.
It’s clear you still don't get that gold is money, not just some commodity.
Unlike other "markets," precious metals rarely face real corrections when supply and demand actually shift. Please, enlighten me: what market logic explains a "correction" where value drops 5% in a matter of seconds? There isn't any.
Anthony Evans78 said:How do you not see that gold is the direct enemy of their fiat currencies and the only true measure of what things are actually worth? Of course they're shorting it; unlike fiat, they can't just print more gold with a few clicks of a mouse.
It’s clear you still don't get that gold is money, not just some commodity.
Unlike other "markets," precious metals rarely face real corrections when supply and demand actually shift. Please, enlighten me: what market logic explains a "correction" where value drops 5% in a matter of seconds? There isn't any.
quiettrucker12 said:It’s honestly mind-blowing how many people are obsessed with the idea that the biggest investment institutions on Wall Street are somehow too incompetent to realize they're shorting the greatest Wall Street run in history—a run that’s already been going for 12 years. This whole manipulation conspiracy theory fits perfectly into the playbook for those "analysts" online; it gives them a built-in excuse whenever their predictions fail. Sure, there’s manipulation in every market at certain stages—big players nudging prices or algorithms hunting retail stop-losses—but being obsessed with downward manipulation in an uptrend that has lasted 12 years is just absurd.
Let me say it again: if Franjo acts as an analyst and predicts things will go up (which they have for 12 years straight), then if they don't go up, he just blames "manipulation" so he isn't wrong.
If you look at charts from other similar Wall Street runs that lasted about 15 years (and by the way, this one looks like it'll blow past 15), you'll see corrections that look almost identical to what we're seeing now. The whole "point" of these massive corrections is to reset investor sentiment—basically to convince everyone that the Wall Street run is over. That’s why even smart people on this forum right now think the party is finished. It’s a classic battle of emotion versus knowledge.
Anthony Evans78 said:Gold is money, whereas oil is just a commodity.
Is that concept really that hard to wrap your head around?
To put it simply: since modern currencies are printed out of thin air in practically limitless amounts, their value is basically negligible. But if you want to maintain the illusion that they actually mean something, you have to attack the one thing that reflects their true worth.
Since you still don't get that gold is money, there's no point in me talking to you. Like I've said a thousand times, go educate yourself on why gold counts as money while oil doesn't.
Silver didn't crash; the price was intentionally crushed. Who do you think dumped hundreds of millions of ounces back in late April and again in September? PHYSICAL silver? Nobody, obviously, because no one actually had it to sell. The paper price dictates the physical market, which is how you can dump hundreds of millions of paper ounces just to tank the price.
Anthony Evans78 said:Gold is money, whereas oil is just a commodity.
Is that concept really that hard to wrap your head around?
To put it simply: since modern currencies are printed out of thin air in practically limitless amounts, their value is basically negligible. But if you want to maintain the illusion that they actually mean something, you have to attack the one thing that reflects their true worth.
Since you still don't get that gold is money, there's no point in me talking to you. Like I've said a thousand times, go educate yourself on why gold counts as money while oil doesn't.
Silver didn't crash; the price was intentionally crushed. Who do you think dumped hundreds of millions of ounces back in late April and again in September? PHYSICAL silver? Nobody, obviously, because no one actually had it to sell. The paper price dictates the physical market, which is how you can dump hundreds of millions of paper ounces just to tank the price.
