Silver getting crushed today

Yeah, but we have fun doing that !!

Physical PMs are kind of pointless in the reality of it aren't they ?

 

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bring home the shiney.......

 

No, because if you like coins or jewelry it still has an actual purpose. And possessing PM in bullion form also has an added purpose aside from speculative investing. It's an underlying asset that in theory should always have a redeemable intrinsic value, and helps combat inflationary depreciation.

We're it not for those things I'd say just buy silver derivative stocks and futures so you can better leverage your buying power and not have to deal with storing and safekeeping a physical commodity. Of course that's not very fun admittedly.

 

You forgot the "end of the world" scenarios too.

But yes, I dabble in PMs for those reasons you mention. Though because of the cost of PM transactions and the historical downwards trend line, I don't really put them in the "combat inflationary depreciation" simply because (a) I don't own enough, (b) I don't stack silver in regards to silver at spot (I buy ASEs) and (c) I'm not in a position to swap them out, ie have them in a more liquid form such as ETFs etc.

But in this thread we like speculating that silver price will go to the "Moon"
or crash to $6 oz. Hey, it's people's fun opinion. And we sprinkle market information from time to time and other tips.

Why not. It's a thread about silver (and PMs). I wouldn't take any discussion here as a total recommendation to buy/sell anything; go see an investment professional for that rather than an online forum.

 

@V. Kurt Bellman The end is near. Gold has "spiked" above $1200. LOL


@abuckmaster147 @LA_Geezer

 

BUCKMASTER.....Did u hear six dollar oz... sic sic sic I DID!!!

 

The $6 was from a few pages back from someone else.
I countered with a good $12 or something as the global market today is at least 2x as large as their calculation possibly stipulates.

But then the market is the market. I can go anywhere and lately hasn't been a hardened hedge against the dollar.

 

at 6.00 Mr. Bellman would be driving the truck (back the truck up)……….jus sayin

 

I ain't backin' no trucks up until gold gets to $750 and silver gets to $6.

 

Besides, we spent a week or more in "Never". We were "never" going to see sub-$1200 gold again, ever, yet there it was.

My metaphorical truck won't even get fueled up again until "everyone agrees" the era of precious metals is over.

 

Silver still has a chance to shoot to the Moon.
Speaking of which ...


Spot looks to be a bit adverse to the distance to the Moon.

 

I see that blip above $1200 gold lasted about a nanosecond, too. Wanna see MY moon? We can arrange it.

 

Platinum has lost over 20% since January.
Sellers are still trying to get their Premium out of APEs.

 

No, no one on this board wants to go that route ...

 

Wise, truly brilliant. I suffer from a particularly virulent strain of MPALS - Male Pattern A Loss Syndrome.

 

I'm sure it's quite vitriolic in nature.

But if you stop watching those YouTube videos and searching for Errors and minor microscopic variations, you can overcome that splenetical strain.

 

YouTube videos and searching for minor errors and varieties has been closely associated with cranial atrophy of a highly dangerous nature.

 

You have only recently gone down the path of cleansing for cretinacy.
But alas, the world newbie numismatic pathogen has an altered directional thinking in great contrast to your higher level of cognitive coin grading thinking.

ie, it's a lost cause.

 

So .. will gold move up ??

"Russia is buying lots of gold to shield it from sanctions"

https://money.cnn.com/2018/08/22/news/economy/russia-gold-us-sanctions/index.html

 

Yes, gold will eventually go up, then down, then rinse and repeat.