Econ Precious Metals
- Thread starter Shemp
- Start date
It shows spot down 2.65ish but the rounds are selling for the price they would be if spot was at 30. Full-blown clown world.
Nah...thank the media for attempting to assist some of these huge firms regain some capital against the losses they just took. But I do agree...clown world.
That’s correct. Don't play their games as most that do will likely lose.
The few winners are the loudest and try to encourage others, while the majority of the losers keep quiet.
Damn right, only the top players are in it.
Yet they successfully advertise the “possibility” to the masses and some swallow it up.
Of course. If it has value it will be stolen.
What you mentioned here has been a big problem in Europe for years. I bought some from there for cheap a few years back and when they got here almost 1/2 of them had been leeched (they use some solution to dissolve and drain the pm out and sell it, so after doing that the cats are worthless)
That‘s the problem with many investments. Once it’s common knowledge it’s usually too late because others have chipped away at the potential.
Kind of like the old get rich quick schemes and late night infomercials. Some multimillionaire will “teach you” what he did. He almost certainly did do what he claims, however, his profit is now perpetual from getting paid to tell others and no longer from the original concept he’s selling. It gets exploited further when they attempt to give you leads and other info for 3 easy payments of $99.95 or whatever. “But wait, special offer, higher level, blah blah blah”
People that buy into it think “whats the big deal, it’s not a lot of money even if it lose”. Well, the audience is huge and when you x that small amount by 500k+ buyers then there you go.
And since I started this, gold largely flat and silver even further down. It's depressing, but I'm very close to my baseline PM goal.
I will say, my confidence in silver is shaking. I was in back in the day at like $12, then sold it when it ran up to ~$50. I think that was what, 2011? and while it has double since then, it still hasn't even come close to touching $50.
I may convert to all gold.
I will say, my confidence in silver is shaking. I was in back in the day at like $12, then sold it when it ran up to ~$50. I think that was what, 2011? and while it has double since then, it still hasn't even come close to touching $50.
I may convert to all gold.
I don't understand how inflation is through the roof and silver is down. Hurts my brain.
It is oddly low right now, but I still expect it to hold value better in 30+ years than todays current “worth” in cash and thats my plan for it.
I agree. Still frustrated with it. I may sell half my silver and convert to gold.
Couple thinking about converting to all gold? Anybody got change for a 1 oz. American Gold Eagle for a sack of potatoes? I like silver for ease of transactions where 'minor' stuff is involved. If I don't have to 'over show' my 'wealth', I won't.