Are Gold and Silver gonna keep going down?

[sixoclockhold]

By the time Trump gets out of his first term the debt clock will have passed $30 Trillion easy ! There maybe euphoria in the stock market but it's only because the well off are going to make a killing. Facts are only about 10% can run a business and a good heap of the rest are brain dead. Jobs & Minimum wage is never going to cut it for where were going (inflation). Trump is not going to feed, house, health the poor, that was Hitlerys job. The poor get $10 bucks and No Stocks/bonds or hopey. Trump will give the well to do, Disneyland.

Dallas pensions and every other one will issue bonds to kick the can, stay the course, rat pack 10% my little precious.

The snowflakes are melting, the well to do are da da dancing !

[Darklyte27]

BC of gold dropping so much i lost quite a bit. who else?...

[sixoclockhold]

BC of gold dropping so much i lost quite a bit. who else?...

I remember several times when I would purchase a home and the value would go down. When I sold them, I never lost on any of them, 6 total.

My average is in the $1,200's so I'm down value wise, do I lose sleep over it, nope !

Gold is a storage of wealth, just like this old Gold Crown of mine. Doesn't look that old now does it? Just as purdy as the day it went in my mouth decades ago. 3.92 grams of 20kt +

Bingo $118 minus scrape charge

[Not a Cook]

BC of gold dropping so much i lost quite a bit. who else?...

Stop me if you've heard this before: Buy low, sell high.

Unless you sold on this dip, the decrease in the manipulated "spot price" should have no effect on your physical holdings.

Do you hold gold as a market speculator or as a store-of-value? Are you hoping to make a speculative gain on an investment, or to preserve principle? If you hope to make a speculative gain, are you looking for the gain to be short-term or long-term?

[sixoclockhold]

Last year the PM market when up the 1st trading day of the New Year. Manipulators like to have low year end prices to fool the pack into thinking PM's suck. Fiat sucks, we print for the rich and toss the poor a bone.

Will it go up the 1st of the year again?

I gotta pay off this work truck of mine or I would be buying monthly now. But ZERO DEBT is much better.

[the86d]

BC of gold dropping so much i lost quite a bit. who else?...

Should have bought at $1050 about a year ago?

I am new to this, but here's how I see it:

1) PMs are just on sale right now. Over time they go up. Lowest bottom in AG in the last 10 years was $9.50, only once, now the bottom seems to be about $13.8x, and 15 years ago the bottom was about $5, so I am thinking longer term, and flipping semi-numi's in 3-4 years can go for double purchase for just holding and a little work... if you don't dump them on your LCS. 30 years ago the bottom was about $3.71-$5 all the way until about 15 years ago.

2) Reliable vehicles might be on sale after you purchased, but if you still have something more reliable than what you had before you are still ahead of the game...

3) I didn't buy a house so that I could flip it in just a year... longer-game. +153+K 7 years later, so if I sold now I'd get some back... better than if renting, as renters get nothing back but renter credit on taxes.

The housing market flops every 10-15 years, but some people buy in the upper 50% of for some reason. I like to be a monkey-wrench and not be in the losing 50%...

[1to3]

I can't believe people harm their families by refusing to build wealth. Not a single person on this forum, not even one single exception, has built wealth with precious metals. Not even an accidental, get lucky, beat the odds exception. Please take your responsibilities seriosly and build wealth for your family.

Actually I use PM's for both. However it usually does not happen all at once. A few years back I purchased the iShares silver ETF when it was around $24. It seemed undervalued to me due to its gold to silver ratio. In the next few months it shot up to over $50. I sold my shares and happily took a 4-6 month 100+% gain.

However, many here including me see PM's as a possible store of wealth. (Terminology I am not sure you agree with) If people bought physical gold or silver and held it for 10 or 20 years and it went up... then they have done exactly what you said they have not done. Anyone holding PM's for the last 10 years has created some wealth. If they have held longer than that, even more wealth. Money in a savings account has not done much for wealth creation over the last few years... so think of it as physical savings accounting.

Just because you own stocks does not mean you have wealth. (And I am a stock guy!) You do not have wealth until you sell and have currency in your hands. Many here would consider digital currency or the dollar nothing special, only a tool, and would consider PM's as physical wealth. Thousands of years of data would suggest they are correct... even if current/modern economists say PM's are silly.

[Citizen_B]

Meanwhile as gold bugs are trying to rationalize their small losses, stocks and conventional investments have gone gangbusters. Opportunity cost is a real thing many overlook.

Sure, all investments go up and down. Timing just happens to be everything.

[Baboosh]

Diversification is key in life. Not just investments.

Having all your money in the market isn't smart. Nor is having all your money in PM or the bank.

[Not a Cook]

Diversification is key in life. Not just investments.

Having all your money in the market isn't smart. Nor is having all your money in PM or the bank.

^

And with everything: buy low, sell high.

I wouldn't buy most stocks at today's prices simply because the high prices are not supported by fundamental valuations and are grossly overvalued in relation to historic norms. On the other hand, PM spot prices are being actively manipulated downward which (to me) suggests a potential "good time" to buy for long term holdings/stores of wealth and/or as a hedge.

[Citizen_B]

Can someone explain to me the secret manipulation scheme occurring in PMs? Every time PMs are down I hear the manipulation mantra.

Who is doing it? Why are they doing it? How long are they / have been doing it?

Isn't the objective of manipulation to make money? Who are these benefactors and where are their obscene profits?

As conviction and time of this manipulation increases, shouldn't one be pouring more and more cash into the artificially low prices?

If the manipulation is so widely understood and accepted to be true, why are no big money guys squeezing these manipulators and blowing up their scheme while getting filthy rich? Seems like a no brainer to me.

Is there evidence for any of this stuff or is this one of those "trust us the boogie-man is real" things? I'm serious, I and I'm sure many others would like to know.

[Not a Cook]

Can someone explain to me the secret manipulation scheme occurring in PMs? Every time PMs are down I hear the manipulation mantra.

Who is doing it? Why are they doing it? How long are they / have been doing it?

Isn't the objective of manipulation to make money? Who are these benefactors and where are their obscene profits?

As conviction and time of this manipulation increases, shouldn't one be pouring more and more cash into the artificially low prices?

If the manipulation is so widely understood and accepted to be true, why are no big money guys squeezing these manipulators and blowing up their scheme while getting filthy rich? Seems like a no brainer to me.

Is there evidence for any of this stuff or is this one of those "trust us the boogie-man is real" things? I'm serious, I and I'm sure many others would like to know.

There are multiple forms of PM spot price manipulation underway. For brief info. about one such form that has recently been proven thanks to Deutsche Bank, see the link below which I shared previously.

I'm surprised this thread has been so quiet lately. Just to "stir it up", here's a recent video from Mike Maloney:

Silver Investing Manipulation: The Truth On A Timeline @ https://www.youtube.com/watch?v=F1rKu7wvIXc



One form of spot price manipulation confirmed; many more still to go.

There are other forms of spot price manipulation underway, but you need to research it for yourself as it is way more info. than I care to type on my phone and it is very obvious once someone learns how the spot price markets are actually run. Check out this page from the folks over at GATA to "wet your whistle": http://www.gata.org/taxonomy/term/21

There are big money players manipulating the price downward - both to make money on paper trades and as an opportunity to pick up physical bullion at artificially low prices.

Look at all the price dips that correspond immediately to MASSIVE paper dumps (like paper sales equivalent to half the world's aggregate gold production being dumped by one party in less than a second - now WHY would a seller do that?). Examine the size of paper markets like COMEX vs. their actual physical holdings. It's ridiculous. Look into rehypothecation of gold/gold leasing and how it is used to artificially suppress PM prices.

Trying to go against the "big money" isn't wise. Significant short-term gains by "mom and pop" in a rigged market are extremely unlikely. However, when the "smart money" accumulates large holdings as stores-of-value or hedges at artificially-low prices, well... it might be wise to take advantage of their market rigging for yourself.

Bullion isn't a short-term game.

[orangeusa]

Stainless steel Mexican coinage. Just saying....

.

[Citizen_B]

That video you posted proves what? A bunch of bank day traders are ganging up to move a market intraday?? This happens all the time in other trading vehicles. Show me actual evidence of prices suppression (NOT day trading). When someone suppresses a price, they have to move the market without taking on much position, otherwise a counter party can blow up their scam and manipulator is stuck holding the bag.

To save time, you can skip the explaination and go straight to showing some actual evidence.

[Citizen_B]

That video you posted proves what? A bunch of bank day traders are ganging up to move a market intraday?? This happens all the time in other trading vehicles. Show me actual evidence of prices suppression (NOT day trading). When someone suppresses a price, they have to move the market without taking on much position, otherwise a counter party can blow up their scam and manipulator is stuck holding the bag.

To save time, you can skip the explaination and go straight to showing some actual evidence.