The case for gold

[scaredyclassic]

Getting a little nervous about the speed and ferocity of gold and silvers movement.

If youve bern burnt before, you live timidly. How do 2nd marriages ever occur

[The-Shoveler]

Why I put a trailing stop, IMO it falls a dollar I am out (my last few shares anyway).

[scaredyclassic]

[quote=The-Shoveler]Why I put a trailing stop, IMO it falls a dollar I am out (my last few shares anyway).[/quote]

I would not be shocked if it were 1600 or 2400 in 30 days.

But id be surprised if it didnt pass 2k getting to either one.

[The-Shoveler]

In my case I was referring to SLV,

I don’t own Gold.

[scaredyclassic]

silver will be 40 dollars or 10, i have no idea.

the world is disorderly.

holy jesus, I’ve been the same mental patient for a decade.

https://www.piggington.com/gld_etf_full_of_fake_gold

piggington jumped the shark many years ago. basically this is an anxiety journal for me.

I know there are weirder threads with me drunkenly going off on the merits of gold and defending its honor against all forms of american triumphalists. it’s been a long strange ride. I fear I do not ave the guts to ride this one to the top.

[The-Shoveler]

I was listening to a pod cast about silver, This guy was saying Silver was likely to reach 25 or so, but if stocks crash then Silver and Gold were likely to follow (Silver down to maybe 15-17 range) but then it could go to 50 or so after it builds a base after the crash.

Me I always think the issue with Silver is that it is a “must” have industrial commodity so at some point the gov steps in to limit the price.

Anyway just my opinion which is not worth much LOL.

[scaredyclassic]

[quote=The-Shoveler]I was listening to a pod cast about silver, This guy was saying Silver was likely to reach 25 or so, but if stocks crash then Silver and Gold were likely to follow (Silver down to maybe 15-17 range) but then it could go to 50 or so after it builds a base after the crash.

Me I always think the issue with Silver is that it is a “must” have industrial commodity so at some point the gov steps in to limit the price.

Anyway just my opinion which is not worth much LOL.[/quote]

how does the us govt limit the price of an internationally mined and traded commodity?

[The-Shoveler]

[quote=scaredyclassic][quote=The-Shoveler]I was listening to a pod cast about silver, This guy was saying Silver was likely to reach 25 or so, but if stocks crash then Silver and Gold were likely to follow (Silver down to maybe 15-17 range) but then it could go to 50 or so after it builds a base after the crash.

Me I always think the issue with Silver is that it is a “must” have industrial commodity so at some point the gov steps in to limit the price.

Anyway just my opinion which is not worth much LOL.[/quote]

how does the us govt limit the price of an internationally mined and traded commodity?[/quote]

Not sure but that was the rumor the last time it got into the 40’s, the gov started investigating etc.. large holders of Silver (heavy handed investigations etc…)

The gov does not care a bit about Gold it can do whatever it wants.

[Coronita]

I’m trying to figure out where to sell some bullion locally.

[scaredyclassic]

i dont know about actual metal. just paper metal.

[The-Shoveler]

I thought this quote was interesting,

We’re in a “golden age of fraud,” describing the current market climate as rife with euphoria, FOMO and “post-truth” politics — “a really fertile field for people to play fast and loose with the truth, and for corporate wrongdoers to get away with it for a long time,”

[scaredyclassic]

it’s always been a scammy little country. baldfaced liars! in the U.N., in the markets, face to face, we are liars! we love it! this is who we are, a bunch of fakeass money grubbing bastards!

get with the program, it’s the only game in town.

sheesh, the details of the bay of pigs book im reading have got me more disillusioned with the usa than usual…

[gzz]

Flu, what are you looking to sell?

I am not into 1oz gold of any sort, nor anything that is grams not oz with limited exceptions.

But old and new smaller gold coins, 1oz silver, 10oz silver, and “fractional” gold I’d buy almost anything at kitco’s spot price.

Here’s what I purchased today. The oldest one there is the 1828 Charles X 5 Francs.

View post on imgur.com

[gzz]

The other option Flu is JMBullion will buy via mail. They won’t give you that great a price, but they send you a postage paid mailer and make it very easy. And the price isn’t too bad.

[scaredyclassic]

it seems silly to trade actual coins. if you have soem, just hold them. give them to heirs.

[Author]

Posts