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Gold and silver prices are down

The war premium just keeps giving and taking. Ground assault in Gaza will cause a bigger spike but we also have too many confluent factors like debt ceiling, lagging rates, corporate earnings, safe haven plays, etc, to name but a few.

Yeah I guess it’s a fear trade and probably short squeeze. Bonds are also being bought. Stocks not moving but that’s normal these days.
 
I don’t know how to trade this market. What do these people know today that’s so dramatically different than what they knew (or was available for them to know) yesterday?
 
I don’t know how to trade this market. What do these people know today that’s so dramatically different than what they knew (or was available for them to know) yesterday?

There are a couple things that happened recently.

Yes, the cost of gold increased. But... yesterday and I think the day before the US Dollar rose substantially, which negates the rise in the gold price in US dollar terms.

Currency has an impact.
 
There are a couple things that happened recently.

Yes, the cost of gold increased. But... yesterday and I think the day before the US Dollar rose substantially, which negates the rise in the gold price in US dollar terms.

Currency has an impact.
I don't think that accounts for even 1%. I think it's just a stampede, and there's probably a fair amount of cash on the sidelines waiting for the inevitable correction in equities to force a transient sell off in gold. But then you have to sit there wondering whether geopolitics gives gold enough of a tailwind that the dip doesn't look like you thought it would. "Better buy in now." In other words, FOMO. But where will it be in two weeks?
 
What are some reasons why one would start stacking gold and/or silver ? Is it in investment ? Or collection ?
I like having a box of shiny pirate treasure. Its not a great investment in terms of increasing in value but its a fun hobby and honestly I might have spent the money on something that didn't hold any value anyway so at least I have it as a store of savings that might come in handy someday
 
I like having a box of shiny pirate treasure. Its not a great investment in terms of increasing in value but its a fun hobby and honestly I might have spent the money on something that didn't hold any value anyway so at least I have it as a store of savings that might come in handy someday
I give them to my nieces and nephew each holiday as a extra 'treat', just hope they don't lose them :)
 
What are some reasons why one would start stacking gold and/or silver ? Is it in investment ? Or collection
I didn't previously see this question but I can answer it. For me, it's both investment and collecting historical pieces. It's also because I don't believe in "money" that has no value whether that is fiat, digital token, or anything with no physical manifestation. The only money I'm comfortable owning have to commodities - they have to have value to the owner beyond simply what someone else will buy them for. That, piece about having no value beyond what someone else is willing to pay, feels precarious to me. I'm not comfortable with it.
 
I didn't previously see this question but I can answer it. For me, it's both investment and collecting historical pieces. It's also because I don't believe in "money" that has no value whether that is fiat, digital token, or anything with no physical manifestation. The only money I'm comfortable owning have to commodities - they have to have value to the owner beyond simply what someone else will buy them for. That, piece about having no value beyond what someone else is willing to pay, feels precarious to me. I'm not comfortable with it.

For me it's keeping some of my assets out of a currency, the US Dollar, that is backed by the "good faith and trust" of the US government.

Thing is, at this point I don't trust the US government to do the right thing, as is apparent from the enormous US debt and yearly deficit.
 
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