GOLD taking it on the chin today

Just checked and as of this writing down $30 per once, hopefully we
can get a decent rebound in the
afternoon.

 

Log in or Sign up to hide this ad.

$30 is insignificant movement. At basically 1900 an ounce that's not even 2%

 

not yet, -$31.09

 

It was down over 2% earlier in the day (just before 10AM EDT); silver was down even more than that. Both have bounced back from that dip, silver more than gold, but both are still down.

One of those days when it stinks to be holding anything -- stocks, PMs, BTC. Of course, it stinks EVERY day to not have anything to hold.

 

A real flusher of a day all across the board

 

Now we know here the Toilet paper went!

 

I am on my last roll…LOL

 

Gold will be fine, up, down and back around again! Sure, there will be some pain going forward with gold but the real pain will be in the crypto and stock market!

 

USD has been tearing butt. 10yr T-yield is not far from 3%. Neither, IMO, are good for metals.

 

I dont like pain, its not good for my wallet...LOL

 

You got plenty and you're likely stacking up more as we speak!

 

I am hoping that the GOLD gods will be sticking with me

 

I think you're gonna be fine, you know the drill if the price of gold goes down, just don't sell! Many on Youtube are talking about gloom and doom and we're all gonna be wiped out and blah, blah, blah! I believe all investments will go down but the only ones who will be wiped out are the ones who panic sell! Hodl, is King!

 

I am not worried, not looking to unload anything anytime soon. but thinking of spreading my wings in to Palladium and Rhodium 1/10 OZ bar $3,400 big potential there 1 OZ is nearly 20K, thats a spicy meatball !.

Also not so much as an investment because the premiums are sometimes really high
but want to collect perfect 70 examples of the more popular coins and then follow
that up with proofs, the Skys the limit

 

mpcusa,
Look into the rabbit hole...
The 2016 W Gold Centennial Sets -
NGC or PCGS SP70
Could even go SP69 to save some premium.

 

Trying to diversify a little bit, trying to get in to few other areas but the prime objective will always B/U examples allot less premium but did see a APE
70 for $48 over spot now thats a deal ! when most premiums are easily twice that.

 

I think as of May 4th these are the current data ?

S&P 500 -10.35 YTD
Gold +3.51 YTD

 

It was a good day all around

 

Any drop in the price of PM’s is nothing but a buying opportunity.

 

Everything is up ! want to by some palladium ask price wont change to much as
the premiums are already high, but more of a want then a need current prices
are right around $ 2,900 for an APE MS-70, but it has gone well over $3,000
so Iam it for the long term 1/10 OZ of Rhodium around $3,400, 1 OZ is just about
20K !