Gold is Taking a Beating Today!

Yeah, its probably not going down past $4000 an oz. But for us buyers, its a nice treat to see it go down too 2020 levels. $6K gold price is not good for our hobby, and I have over 800 oz. in my collection. But if you are NOT selling, what is the point. Most of mine are not effected by bullion prices, the rarity and quality make them $$$$.

 

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Awww come on Jeff. You saw my . I was just playing wit ya. And complete openness and full disclosure, your one month profit was 16.7%.

Nobody could have predicted what PM's were going to do last year.

 

So true!

 

Stock market is really manipulating prices in PM,S dont think theres going to be a major turn around until the strait opens again, could be a great opportunity to buy on this dip

 

With 2300 ships stuck, and gas prices going ballistic, they better do something fast.

 

So far the "things" they're "doing" are helping in the wrong direction. I don't have a great deal of faith that there's a plan for reversing that.

 

Separate markets, stock market doesn't really impact gold over time.

Yup....one thing's for sure...if you want or need to buy gold...or are "investing" for the long-haul....buying at $4,500 is better than $5,500.

 

you are right, letting them sell their oil, allowing their tankers passage is bonkers. ONLY way to win is regime change. ONLY way is either a Normandy land invasion, move W-East, fully occupy Iran, allow Shah to rule. Second, less bloodshed, Shut off Iran's finances, bankrupt them, tell them, open the Strait or you guys will not sell a drop of oil, total blockade, no mercy. I am a way better military strategist then Hegseth. You cannot bomb a regime into submission, unless you use Curtis LeMay tactics like the horrible Tokyo 44 firebombing, Hiroshima, Nagasaki.
So far the Israelis and USA have been doing precision bombing with few civilian deaths, unlike WW2 carpet annihilation bombing.

 

Agreed.

 

They're not good...but you can't let "Black Swan" items dictate your investment plans.

Planning on 5 or 6 Sigma events to happen in your lifetime -- if ever -- is not wise from an investing POV.

Look at Greece....much worse numbers than ours....Socialist bufoonery since the 1980's....and a 3rd-rate, tourist-driven economy....and yet it STILL took almost 30 years for their situation to implode back in 2011-12.

 

Greece got into their mess, by being the most unproductive nation in the EU. The EU was basically run by the most productive, disciplined, precise, hard working nation on the planet Germany. After WW2 Germany again became the economic powerhouse in Europe, now have second largest gold reserves, are the economic engine of Europe.Now under Merz, will also have strongest military, a gesture to the Kremlin not to try to bully the EU. The EU has problems, with certain members like Orban (Hungary) hopefully gone by April 12th. and Fico in Slovakia both Putin puppets. Across the pond, Canada, USA, Mexico all have huge debts. While Putin had to sell most of his gold reserves to China, the Russian economy is on life support, which is a good thing.
Bad actors like Russia, China, Iran cause problems ad finitum, but if they have no money, their industrial-military complex goes kaput. In the end, the only thing of value are precious metals, and thats why the prices will keep escalating, once the Hormuz Strait is open, and hopefully that evil regime is gone forever.