1 year till the 2020 Presidential election, were do you see bullion prices on 11/3/20?

Discussion in 'Bullion Investing' started by Tuco, Nov 3, 2019.

  1. slackaction1

    slackaction1 Well-Known Member

    is dichotomous outcomes = the same as different outcome.. asked my wife couldn't understand her with that blow dryer cranking..
     
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    2 diametrically opposite reactions, IMO.
     
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  4. Revi

    Revi Mildly numismatic

    I don't know, but I'll guess around $17.00 an ounce.
     
  5. medoraman

    medoraman Supporter! Supporter

    Next year could be very difficult to predict. I have never seen such an unpredictable situation. If either party wins, what will happen? Even if you knew the result of the election, does this mean we would know its effect on pm? BTW Jim, I am assuming I can mention that an election is happening next year here. :)

    Eh, like most of the time, I will slowly accumulate some stocks, PM, and am building up cash at the moment. I expect something to happen, so want some cash to take advantage if possible. For pm, I want to add to PT at current prices, but will probably buy some gold if my local dealer has some coins I like at a cheap premium. Not sure if that is pm buying or gold coin collecting.
     
  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I suspect there are very few in the US that are not aware of elections, so as long as no discussion of any who may be involved, it is OK.
    Jim
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Thanks...BTW, you mispelled Error and Collector in your avatar.:D
     
  8. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Yes, THAT is the error :) Jim
     
  9. Rono

    Rono Senior Member

    Howdy folks,

    FOA, kudos to the Moderator. Brutal job. And, indeed, we have to keep the discussions from becoming political.

    That said, we all know that political events can have a huge impact on the POG and POS. I don't see them impacting numismatic prices significantly but bullion prices . . . .

    Now, it's not so much which party or candidate or belief system but the possibility of a Black Swan event. That's normally what spikes gold - the Four Horsemen sort of stuff.

    So, because I see the possibility of a BS event between now and 2021 higher than normal, I'm overweighting a bit towards the PM's.

    Will they be higher? feh. Who cares. I just want to cover my ass.

    and so it goes,

    peace,

    rono
     
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  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    There is the possibility of a Black Swan event but I'm not sure I can mention it.

    Watch Leon Coopeman over at CNBC.com for more details.
     
  11. Rono

    Rono Senior Member

    Howdy,

    A Black Swan event is not necessarily Red/Blue politics. Geez, Hong Kong is so close to bloody conflict I shudder.

    As for my overall projections? I'm long beyond my core holding of PMs. I'm long physical but also in retirement accounts with securities. I've always preferred the leverage of the junior silver miners. Not for the fainthearted but serious profit potential. CEF and SILJ and broadbased but ISVLF Impact, KOOYF Kootenay, ORMNF Orex and SVM Silvercorp are not.

    I seriously believe, because of many socio-economic factors, we'll see significantly higher gold and silver prices by January 1, 2021.

    and so it goes,

    peace,

    rono
     
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  12. FryDaddyJr

    FryDaddyJr Junior Member

    The sky is always falling in silverbug land
     
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  13. Bambam8778

    Bambam8778 Well-Known Member

    $18.90 Silver!
     
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  14. green18

    green18 Sweet on Commemorative Coins Supporter

    Tuco? Better Call Saul? Ya ain't gonna break my legs if I don't give a burro, are ya? devil.gif
     
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  15. Bambam8778

    Bambam8778 Well-Known Member

    Loved that show!
     
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  16. Don P

    Don P Active Member


    I remember during the last recession, silver and gold dipped hard along with the market. Simply because investors will liquidate all assets to meet their margin calls for losses; these are big investors that move the markets.

    If you do some research, you'll see the time to get in is when silver and gold are just starting to turn around at the depths of a recession, like a year in.

    See the chart below and look at what metals did when the S&P was bottoming. I predict we'll see new lows in gold and silver before they skyrocket.
    Capture.JPG
     
  17. Richard Snively

    Richard Snively New Member

    Its ok to speculate,but ANYONE who tells you that gold,silver or widgets is certain to rise or fall is after your $$$ !!!!! edited
     
    Last edited by a moderator: Nov 18, 2019
    Don P likes this.
  18. GoldBug999

    GoldBug999 Active Member

    If someone is looking for a prediction, here it is: $18.50 silver, $1,700.00 gold.
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    Cool! Maybe I can finally move that slabbed AGE that I bought "on the dip" from $1800 to $1700... :rolleyes:
     
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  20. Mr Roots

    Mr Roots Underneath The Bridge

    I see it’s ok for the page to run 2020 campaign adds, but we can’t talk about politics..?
     

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  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's for advertising and it's a large part of what pays your free membership. If you don't want to see the ads become a supporter. And there is to be no discussion on politics. You really don't want that type of forum. If you do there are plenty of web sites that you can discuss anything political.
     
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