Why is gold down $93.30,$18.56 ? I don’t understand,is it because of Biden and the election? Why? Stock market up $1130.00???
USD is up based on stability that a president has been annointed. Market hates uncertainty. don't worry, once we start printing money again, PMs will go up.
Yeah...that doesn't make any sense. Gold currently is at $1867 down quite a bit. Could be speculators simply taking profits? The market will definitely start downhill as soon as the senile crook is sworn in in January. Biden is not business friendly and doubtful many investors will have confidence in him or his policies so Consumer Confidence will go down, a lot. Gasoline will definitely go back up...the happy days are over.
There has also been a bit of a flood of new material coming in to the market, which generally drives the prices down some!
Maybe Bro. I'm keeping a close watch over the next few days. May pull the trigger on some smaller buys.
Well if someone takes physical coin I reckon or bars....Price goes up,I'm sure a dealer won't give you today's spot. How or what percentage do buyers operate on 10%,15% under spot ?
Gold is slightly off an all time high. Hell no its not time to buy. It was time to buy when I said it was time to buy about a year ago and gold was under $1,300. If I had any gold I would be selling it.
If you really want to buy something right now platinum is your best bet. Platinum is very rare, the biggest deposits are in shit hole counties. Places where wars still change maps. So all you have to do is buy it cheap, wait for one of these shit hole countries to go to war with each other, a purge or just a labor dispute and the price shoots up. The gold to platinum ratio is at like a 100 year high. So either gold is way over valued or platinum is way under valued.
Exactly. Looking at the price in any short term period is short sighted. I started buying in the mid 90's at gold $300/oz and have continued to buy including twice in 2020. Gold in 5 years will be higher than today by a significant amount.....just like it has over the last 20 years.....because it isn't going up in value, paper money is constantly going down in value...by plan. Can you move in and out of the gold trade timing the market......maybe. I've never had much luck with timing things. I find buy and hold for the long run is a guaranteed win with gold. When I have surplus funds and nothing much else I need, I move those funds into gold, and have at least kept up with the destruction of the paper dollar. That is my advice. Buy now, buy later on, and keep buying until you need to convert back to the currency of the day for something you need. Until then, keep it in gold. Your mileage may vary.
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