Is It Time For Silver?

Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.

  1. ripple

    ripple Active Member

    Let it drop some more so we will get a decent buy price. Glass half full.
     
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Silver is an industrial commodity that will be hit by the slowdown in China caused by this virus.
     
    xCoin-Hoarder'92x likes this.
  4. -jeffB

    -jeffB Greshams LEO Supporter

    But-but-but surely its disinfecting properties will cause demand to skyrocket! :rolleyes:
     
  5. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Gonna stock up on silver and Corona Extra Antivirus :jimlad:
     
    yakpoo, GoldFinger1969 and Stevearino like this.
  6. goldcollector

    goldcollector Member

    Yes ur right it did drop about 0.4% still barely 10% what silver fell. Platinum and palladium both up while silver fell almost 4%. I have been looking mainly at just the so called industrial metals.
     
  7. goldcollector

    goldcollector Member

    Why then are Platinum and palladium on fire ?
     
  8. goldcollector

    goldcollector Member

    Don't worry it will. It's cheaper than it was 10 years ago today. And there are several at spot deals going and I saw 90% under spot on facebook tonight.
     
    ripple likes this.
  9. yakpoo

    yakpoo Member

  10. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Jeff, you are Evil!
     
    MisterWD likes this.
  11. -jeffB

    -jeffB Greshams LEO Supporter

    Nah, just chaotic...
     
  12. yakpoo

    yakpoo Member

    "Is It Time For Silver?"
    I guess the answer is a big fat "NOPE!"
     
  13. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    I guess it's not quite the zombie apocalypse yet... :p
     
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  14. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Is it time for buying silver? YES!
     
  15. yakpoo

    yakpoo Member

    I'm 62 and don't recall a time when gold and silver dropped during times of economic distress. It sounds like folks are selling PMs to shore up their equity positions...interesting.
     
  16. -jeffB

    -jeffB Greshams LEO Supporter

    When I see moves of this scope, I don't figure "folks" are significant -- it would take the big institutions to make a crater this deep.
     
    yakpoo likes this.
  17. yakpoo

    yakpoo Member

    Absolutely! Money managers are just folks.

    What concerns me is the potential of a "White Swan". What do money managers do once a vaccine is announced and everyone rushes to the other side of the ship...all at once? What effect might a White Swan have on the bond market and bullion prices?

    My "guess" is that gold prices won't move as much as other assets. Normally, I would expect money to flow from PMs to equities after a White Swan. However, folks have been selling PMs to absorb the market down draft. They may want to replenish their gold holdings should a White Swan occur.
     
    Last edited: Mar 16, 2020
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Lizard folks, wearing human disguises. Or so I'm told.
     
    yakpoo likes this.
  19. Then either you forgot or just weren’t paying attention.

    Pm’s followed Dow down for 75% of the move before divergence, bound for all time highs.
     
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  20. yakpoo

    yakpoo Member

    ...most likely the latter. :D
     
    Stonedywankanobe likes this.
  21. yakpoo

    yakpoo Member

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