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Gold and silver prices are down
- Thread starter Rider
- Start date
413dan
NES Member
while generally I agree with this sentiment, I can't help but think to myself, damn they've conditioned us well.
As long as central banks are still net buyers and holders of gold then you need not worry about where the price of gold will go, which is much higher over the next one to five years. To hold gold against fiat debasement is sound counsel for at least a 5-10% weighting of one’s portfolio. One must also have their investments scattered across a basket of options, such as hard assets, gold, silver, bitcoin, undervalued resource equities, real estate, and other commodities. We might eventually get to a point of moving back to Tech/Growth equities but that is a bit farther in time when the Fed really sets into pivot mode and QE with price stability. I don’t hold strongly the view that we will get there but rather we will settle into a higher inflationary environment of a Fed targeting 4-5% inflation and maybe higher than that.
richc
NES Member
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Varmint
NES Member
Gold is at $1838 and silver at $24.3. ![[cheers]](/xen/styles/default/xenforo/smilies.vb/018.gif "Cheers [cheers]")
$1840 is first major gold resistance level.
$1840 is first major gold resistance level.
I figured we would get a push for the NY. 2023 is gonna be fomo for precious metals.Gold is at $1838 and silver at $24.3.
$1840 is first major gold resistance level.
Varmint
NES Member
Yes, I have a woody for PM miners in 2023.
Varmint
NES Member
Gold is at $1838 and silver at $24.3.
$1840 is first major gold resistance level.
Make that $1847 and $24.55.
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Varmint
NES Member
“It is made up of tech names like Apple and Alphabet, software firms like Nvidia and AMD, and defensive plays such as Costco.”
Man, I can pick those losers for free.
Varmint
NES Member
Volatile day, bears don’t want to give up $1840.
Gold surges to 6-month high, and analysts expect records in 2023
The price of gold notched a six-month high early on Tuesday, and analysts believe the rally has further to go in 2023.
Varmint
NES Member
Gold touched $1870 overnight.
Gold senior producers are crushing it this new year. This is gonna keep a smile on my face despite the downside of everything to come.
Varmint
NES Member
A lot of my junior miners are up 5-10% a day for like a week now, yet are still underwater.
![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
Varmint
NES Member
It’s 3 am, just on cue, someone is dumping gold futures contracts, gold down $9 in 15 minutes.
If you want a good price for your gold, maybe dumping a huge amount at 3 am is not the best way.
If you want a good price for your gold, maybe dumping a huge amount at 3 am is not the best way.
What markets have access to 3-4am GDX and GDXJ?It’s 3 am, just on cue, someone is dumping gold futures contracts, gold down $9 in 15 minutes.
If you want a good price for your gold, maybe dumping a huge amount at 3 am is not the best way.
Varmint
NES Member
I don’t think those trade til 8:30 EST in the pre market.
Varmint
NES Member
Gold is $1850.
Varmint
NES Member
Apparently there is some pre market trading that starts at 4 am:
Though its trading session typically occurs between 8 a.m. and 9:30 a.m. ET each trading day, several direct-access brokers allow access to pre-market trading to commence as early as 4 a.m.
What do you guys do with gold or silver that is tarnishing in your safe? Do you clean them or just let them be? Does it matter?
I just leave them be.....although nothing I have is showing tarnish like what you've pictured. All my silver eagles and some other bullion coinage are in their original mint containers, and gold doesn't tarnish.
Those Maples are have in their tube for about 10 years... Lol. They are not that tarnished but a little cloudy. Some of the other loose silver is though.
I kind of like the patina, honestly. None of mine have done that though. Do you use a humidity control of any type?
The rule I follow is to try to prevent tarnishing, but failing that only clean if the point of having it is to enjoy it as a thing made of bright shiny silver. For example, I've had vintage sterling silver fountain pens. If I'm going to carry it and use it, it gets polished. If I'm just going to hold it in my collection, not.
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