You have to also understand what they mean by "manipulation." They don't mean driving the price higher or lower by a material amount. They are talking about inserting or withdrawing bids/offers and the spread involved. We are talking about pennies per trade or less. Look at the dispute with RobinHood and "payment for order flow." Why is that the SEC's/Gensler's interest ? What business is it of theirs if people decide they want to get no-commision trades by someone who buys order flow and makes $$$ off the spread or from directing the trade elsewhere ? If the RobinHood traders aren't happy with the price they paid, they'll leave RobinHood. If Fidelity charged me $1,000 a trade tomorrow, I'd be with TDA or Schwab or someone within a week.
I've assumed people get worked up because companies trumpet NO-FEE TRADES, but don't publicize the fact that the amount of money leaving your pocket is still higher than it could be. In fact, I'm not sure how I'd even start determining how much "money I've lost" on trades since TDA went "no-fee". My impression is that I pay less per trade than I did before, but "how much less would I have spent if I'd bought this security some other way" is hard to answer.
Precious metals in a physical form are pretty much just a way to store something of value away > in case you need it someday and you get to have fun sorting your items, putting them in booklets etc. all the while >>> It's just fun. The crypto's are showing us that they are no safe haven. I don't think a common double eagle ever lost 67% of its value in a 9 month period. And you can't even hold or touch a BITCOIN, (what fun is that?). I am not talking about rare coins, just common gold coins. And if the world's economies ever get so bad that only precious metals become a currency again and fiats have no value...well I think we are all pretty much screwed anyway.
It’s there until all of the baby boomers start retiring and selling the stocks and bonds they automatically had coming out of their checks. Then when they all start closing out their 401(k)s and IRAs and not as many younger people are there to buy them, then demographics come into play. And down everything goes.
Investing in retirement accounts, including 401-k and IRA, are not a demographic controlled way of investing. The components of these accounts could shift but the accounts themselves are here to stay, unless the govt changes the tax treatment of the underlying accounts. Then all bets are off until we know what those changes are.
We’ll with gas at $5 a gallon and a box of cereal at $4.50, a dent has been put in many stackers and jewelry fans budgets and some are and will continue to be forced to sell to make ends meet thus depressing prices.
If you stack gold or silver and shtf and they go way up when you sell them for a big profits what will the buyer pay you with?
Just an idea ... for conversational value ... https://www.forbes.com/advisor/investing/what-are-i-bonds/
I give up what would he pay you with. las I look silver was still above 20.00. plus premiums.. would have been decided before deal was made...but that's jus me
Still buying GOLD with BTC profits, I think things are still unsettling with the stock market and its playing havoc with everything else.
If we had a stock thread, I'd post research but suffice to say my equity guys are saying S&P 3,500 buy.....3,000 load up the truck. You can nibble here.
I haven't got thirty years for that to multiply into fortune. I did a 401k in the early 90's until 2015 when I pulled the pin. When I retired, I took up this hobby in 2012 and never looked back its awesome not getting wealthy but enjoying the ride and putting to use what I learned on here. Silver and Gold...