News $53 Silver and $4200 Gold hits All Time High!

[NASAcollector]

And India just sold $11.5 billion of gold, which was instantly bought up by multiple central banks, to bolster the falling Rupee.

 

[ikeo1]

And India just sold $11.5 billion of gold, which was instantly bought up by multiple central banks, to bolster the falling Rupee.

I’m always a buyer during dips if I can

 

[NASAcollector]

I’m always a buyer during dips if I can

Normally me too, but this market is so wonky and manipulated, I don't know what the game is or how it will wash out. Unless I find metals at 15% or more below spot, I'm not buying right now.

Considering that Russia, India and China are the biggest 3 buyers of gold and Saudi Arabia buying tons of silver for their new ETF, I don't understand why they're selling off their inventory, but obviously they know something we don't.

 

[1recluse]

Very strange market.

 

[Coolguy]

hope it keeps dropping. I want to get some jewelry made and the price of gold makes it prohibitive. I'd love for it to get under 3k again.

 

[grandpapeepap]

hows the platinum and palladium market doing compared to the other 2 precious metals

 

[Jimi Jah]

Temporary lull from large sales. It will go back up again, it always does.

There is huge demand for silver in electronics. I use silver based solder in my business.

 

[Coolguy]

Prices continue to plummet. Gold is ~ $4,000 and silver is at $59.50. How low can they go? Anybody selling on the way down or are you all HODL?

 

[Jimi Jah]

Buying opprotunity.

 

[Coolguy]

Buying opprotunity.

I think if silver goes sub $50, I might buy. Gold, no clue. Maybe 3k?

 

[Jimi Jah]

Silver is more under valued than gold. Platinum and palladium are also at good buying prices.

When those Arc reactors are perfected by Musk palladium will take off.

 

[compulsivegungrabber]

It goes down down down as the flames get higher….

 

[Coolguy]

Silver is more under valued than gold. Platinum and palladium are also at good buying prices.

When those Arc reactors are perfected by Musk palladium will take off.

platinum held steady at around $1000 for a long time. It doubled in just the last year when everything else went up. So I wonder if its not going to fall back down to around $1000 again as the other precious metals continue to fall?

 

[Lord__Hovhan]

Fed Reserve is getting hawkish cause inflation is getting hot. If they raise rates we'll probably drop to mid 3,000's. Silver probably to the 40's.

 

[ikeo1]

We're seeing another run again... $40 trillion in debt.. we never hit the 40's looks like 60-70+ is here to stay for silver and $4k as the base for gold.

 

[SilverEndless]

We're seeing another run again... $40 trillion in debt.. we never hit the 40's looks like 60-70+ is here to stay for silver and $4k as the base for gold.

I’ve seen some speculation the new targets to watch for are $6k for gold and 180 for silver. They seem like pie in the sky predictions but I can’t refute it other than “it would be bad for the dollar”. That may be the point though.

 

[Coolguy]

I’ve seen some speculation the new targets to watch for are $6k for gold and 180 for silver. They seem like pie in the sky predictions but I can’t refute it other than “it would be bad for the dollar”. That may be the point though.

I've been buying birthday and christmas presents (jewelry) early because of this. I bought a gold chain at costco last year that is now worth more than I paid for it. and that was buying at retail!

 

[NorCALSpeed]

I’ve seen some speculation the new targets to watch for are $6k for gold and 180 for silver. They seem like pie in the sky predictions but I can’t refute it other than “it would be bad for the dollar”. That may be the point though.

This admin did say they want to weaken the dollar tho to what degree I'm not sure.

 

[ikeo1]

I’ve seen some speculation the new targets to watch for are $6k for gold and 180 for silver. They seem like pie in the sky predictions but I can’t refute it other than “it would be bad for the dollar”. That may be the point though.

This admin did say they want to weaken the dollar tho to what degree I'm not sure.

I think it is the point, to keep things going while the dollar is the reserve currency.

 

[SilverEndless]

I think it is the point, to keep things going while the dollar is the reserve currency.

Have you seen anything about gold being on the Treasury ledgers @ $45/oz? I’ve heard a few things recent history that we were considering valuing gold on our ledgers closer to current market values.