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Gold and silver prices are down

Do not adjust your television, folks, it’s true, gold is $2006. :D
And I would like to thank my Grampa & Gramma for the graduation present to me and my sister in 1978.
Guess who still has theirs.
Agents Of Shield Yes GIF by ABC Network

She sold half of hers.
 
If the world turns to shit how would you guys fraction off some of your bars and coins?

It's there a tool or specialized pair of pliers where you can nibble off little sections?

Asking for a friend.
 
That's why I buy silver eagles. No need for fictionalization when selling.
Too bad the premium on 1/10th oz Walking Liberty is so high, but they're less bulky than "junk silver" dimes (0.0723 troy oz of silver each).
If the world turns to shit how would you guys fraction off some of your bars and coins? It's there a tool or specialized pair of pliers where you can nibble off little sections?
Asking for a friend.
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I think this is only partially due to the Middle East. I think it’s more to do with interest rates. Investors are getting worried about the out of control debt and the interest rates breaking something. The stock market may rally soon for the same reason.

Gold ETF buying is finally starting to increase, after two years of mostly outflows. Investors are finally starting to buy gold (it was only central banks and foreigners supporting gold the last couple years).
 
I think this is only partially due to the Middle East. I think it’s more to do with interest rates. Investors are getting worried about the out of control debt and the interest rates breaking something. The stock market may rally soon for the same reason.

Gold ETF buying is finally starting to increase, after two years of mostly outflows. Investors are finally starting to buy gold (it was only central banks and foreigners supporting gold the last couple years).
Yup. Erfle’s weekly report lays it out nicely. GLD is gonna be fomo buying to cover demand.
 
Was shocked to see gold bust through $2000 and finish the week at $2016. If we can hold this level through Tuesday it’ll be an all time monthly closing high.
These triple tops are artificially suppressed. Beachball underwater effect. The fact the gold price moved above a weekly close of $2k is evidence of greater issues than a war premium and greater global uncertainties. I have never in my life seen so many risks abounding. The breaking down of resistance levels in the stock market is already at play and an etf like GLD just added 15 tons of gold to their storage. That’s smart money making moves. I’m just glad I’m well positioned for this up move above and beyond other preps over a long time.
 
Interesting...


That article reminded me of my freshman year in college when I was a geology major. I hate geology. 😂
 
I think a major reason why gold can’t break $2000 is that the major buyers of gold are central banks and Chinese. Both like to buy gold when it’s down, they aren’t going to buy gold at $2000, so the buying dries up and we go back to $1900.

This will continue until generalist and institutional investors start to get worried about the markets (stock or Treasury) or the debt and buy gold.
 
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