I've noticed that is seems like all the gold companies have suddenly quit advertising (it was non-stop this past year!). My theory is that all the "big guys" who bought massive amounts of gold the past few years are ready to unload it at a tremendous profit, before the general collapse of the price hits all the "little guys" who bought during the rise. What say you frogs?
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BUY ON THE DIP
Nah .... The general shift is up in terms of devaluation of the fiat currency. What you are seeing day to day is indeed the little games the paper market is playing. After all, in order not to implode, there needs to be a roll over on both sides of the paper deal.
Containment is the game. And the FED is deep into it, as the last boyscout.
The demand for gold is growing. The biggest demand at present are Central Banks. However, because of delivery constraints, there are other ways of diversifying risk, additional to gold and silver.
This is evidenced by the slow but growing interest in holding a strategic amount of BTC for instance. Poland announced it. Germany is interested, The discussion is ongoing in The Netherlands.
When it comes to these kind of issues, it is important to zoom out and see the bigger picture.
2023 January first. That is the date that Gold had to be NFSR compliant, and allowed physical delivery through the Paper-Casino backdoor within 1 day. BIS had no more uncovered shorts.
2024: Russia announced it would add tonnes of Silver to it' s inventory. China is buying like crazy. India is buying like crazy.
These are the moves that are worthy of contemplation as to its meaning an impact.
Then there is this tantalizing remark Q made: Gold shall destroy the Fed.
One thing is for sure: The bank are insolvent. All politicians do is trying to extend their life-support.
So, do not get caught up. Stay free.
People quit buying at this high price,that's why they quit advertising, i bet. And people don't have the money.
I dont see a big drop in price with the BRIKS countries buying.
Since BRICS is getting bigger, they will set the value of gold/silver. the USA comex prices will be ignored and all the silver is USA will move out to the higher cost areas and USA won't have any silver left for technology. I'm not sure how Trump solves this by selling our gold and buying BTC
Silver is way underpriced. They short it down to keep people from stacking it.
It's not gold that's high,our money is going to shit...
China, Russia, India and other central banks are buying at record pace. Fiat currencies are inflating. Gold not going down in long term.
I guess it all depends on what you hold gold / silver for, and what form it's in. If you're holding gold / silver "certificates" then you are ripe for plucking clean. I read somewhere that there is about 400 times the amount of silver certificates as there is actual physical silver, so does anyone see a problem with that? ...especially if everyone tried to cash in those certificates at the same time?!
But I've never seen gold / silver as an "investment" in the sense that I would buy low and sell high. I have ALWAYS accumulated physical gold / silver as an emergency go-to medium of exchange if and when our fiat currency becomes worthless. Anyone selling anything would not accept dollars, so just to barter for bare essentials I hold precious metals to barter with.
Basically, I don't pay much attention to the metals market's ups and downs, because that is just speculators and futures and manipulation at work in an algorithm that is impenetrable to me. I hoard my physical holdings in a safe place and sort of "forget it's there," knowing that one day I may have to pull it out to barter for basic goods like food, gasoline, and ammo.
If you don’t hold it, you don’t own it.
I literally cannot understand why someone would ever hold an IOU for something that's value is literally only from the physical product...
^^^ EXACTLY ^^^
Absolutely will overpay for 1/10 coins for this reason. Not to mention the value is kept artificially low while treasuries scramble to secure physical gold.
https://usdebtclock.org/ I think this is pretty accurate re how short both gold and silver is - you are correct re paper silver is 400x the physical. Would like to believe the real silver and gold value relate to $$ is accurate.
Wow, that is one busy website, and an amazing amount of information.
Thank you for your thoughts and insight. I have my retirement account in T-bills, and in money markets, and am waiting until Trump gets sworn in, and maybe even a little later, to decide what to do with the "cash".
I could have had my retirement money in a sector of the Federal retirement system that earned on average ~15% per year for the past 10 to 15 years! (but I'm just not a gambler :) )
I bought some gold coins years ago when gold was cheaper. I only plan on using them if I need them. I will be passing them down to my heirs after I’m dead. They are only to be used as a last resort. Knowing I have them keeps my mind at peace. I also have a bag of junk silver coins that would be spent first. Both are safely locked away in my possession and not in any bank.
What about silver, I noticed it going down lately.
Silver is shorted much more than gold.
Silver is the most undervalued asset on the planet for so many reasons.
Silver should be around 15:1 to gold but it’s manipulated more because it’s a smaller market so it’s more like 90:1. This is clown world nonsense that has never existed in all of human history. So you can buy an ounce of gold or 90 ounces of silver and wait for that ratio to close back up, at which point your 90 ounces of silver becomes 6 ounces of gold. Buying silver at these ratios is like buying gold, but at a huge discount. Plus silver will move with gold so if gold goes up 10x, so will silver, then it will do 6x again to close the ratio.
No, there are two opportunities here, precious metals revaluation and debt forgiveness. The risks are the unwinding of asset bubbles like stocks and real estate, or holding fiat currency.
Likely they will revalue gold to back a new financial system and it’s purchasing power will skyrocket.
HODL!!!!
Don't be so quick to drain your stack if it does drop.
FYI - it's predicted to drop around when the SHTF and then go to the moon.
Don't be fooled... hold on tight.
Sell ot for what? Fiat? No thanks. I'll hold
Let them crash it, if they want. Will give me a chance to add more diversity in the form of a larger gold stockpile to my silver one.
Can you short gold?
Gold and Silver have a paper trade version. Meaning it is already manipulated down. I am sure that anything traded as 'paper' probably already is being short sold.
I believe what Box Weir has to say about the possibility of the banks manipulating the price to zero just before they lose control over the comex and shut it down. Silver should be 1oz=1 week's labor on average.
Yes.
I sure wouldn’t, though. 😲
The simplest answer is they have no stock to sell, so why spend on advertising?
I used to see a lot of ads for gold certificates - you buy a cert that you own gold in a vault somewhere, but not the actual metal. Seemed like a scam to me.
Then there is the gold ETFs. How do we know they actually have the gold on hand that they claim you are buying into?
It all looks like market manipulation and we haven't seen the real price of precious metals in many years.
Maybe “We have the gold” means the WH have so much stacked that it would dwarf what anyone else has accumulated. If big banks and elites have been stacking only to find out their stash is almost worthless compared to what the WH have accumulated I will still be happy even if mine goes down. Killing the tyrants is more important!
I was frightened when I read your post. Went to look after my metals and saw with great relief that my ounces are still ounces. We began buying physical metals a while ago and the price of one ounce of gold more than doubled.
Physical gold an silver will never be worthless. Money since thousands of years!
Gold and silver go up, i buy. Gold and silver go down I buy. One day it'll flip so quickly and there won't be any left. They are trying to shake out the holders