Silver getting crushed today

Kurt is getting slow.

 

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TY JON

 

Probably off at one of them no-cell-service in-person back-country auctions...

 

PMs are always a very long term strategy that you hope increases over time.
I know my PMs bought 20 years ago have. Silver has doubled and gold has gone up 3x. Of course, putting that money is nearly any other stock market Fund type investment would have probably paid off much better by many multiples.

 

Indeed. And eating some tasty gruel
from a Crockpot. As if he had to leave the stock market guru room to get that.

 

Welcome to another Monday morning .. with Fed rate hikes looming (which will allow the banks to raise everyone's floating interest rates higher than the rate hike to make MORE money. So keep your Credit Card in your wallet) let's see how the idea changes the Dollar Index and PMs ...


..

 

Ho Hum!! Same price I bought at last Fri, I was hoping it would go to $20.00 today.

 

Has anyone ever had to pay taxes on buying PM"S. If in your own state?

 

I had to pay sales tax on the 2017 silver Krug. But MCM is the only one selling them.

 

Anyone else having issues with Kitco?

 

Of course. They were taxable in my state until this past summer.

 

kitco.com isn't responding
but their forum pages are

 

How are looming higher interest rates affecting gold and silver? Depends, I suppose, whether they have baked into prices a bit every day ahead of the actual event.

 

Fed interest rates can directly affect the Dollar Index, the dollar index is more correlated to PM prices.

There's little direct correlation between interest rates and PMs.

Kitco is working again

 

There is. Higher interest rates raise the "opportunity costs" of being in PM's.

 

Higher interest rates are designed partially to keep a lid on inflation. PMs go up with inflation or, as in the earlier part of this decade, a wide view that high inflation was coming because of near-zero interest rates. (It didn’t and PMs prices came back to Earth.)

 

That depends on whether the interest rate raises are in response to inflation or not. Some are. Some are to restrict economic activity outright. Real vs. nominal rate increases.

 

I was going to buy some ASEs yesterday but I bought a snowblower instead.

.
.
I guess the morale of the story is that they both blow ...
today, I guess the PPI has adversely affected PM pricing.

 

These are the low points for the year. Yum.