Are Gold and Silver gonna keep going down?

[denpython]

Well if it corrects,it may go back up in time... higher hopefully.

[the86d]

Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?

1st post... Hahahahaaa

My lady keeps saying she wants TO BUY a 5ozt ATB, BUT AT $199 RIGHT NOW, HOWEVER I am NOT telling her I already got her the bat-ish crazy 2020 ATB AT 119+TX...

[harbormaster]

interesting

what maybe more interesting about the OP is that silver is now back or up a little but Gold is up a lot. I mean silver is up what - 16% and gold what 30%? Interesting too that it was silver that just had the big run - it was undervalued - is it still? IDK I Have a hard time buying in anymore at $33/$37 a coin

1st post... Hahahahaaa

My lady keeps saying she wants TO BUY a 5ozt ATB, BUT AT $199 RIGHT NOW, HOWEVER I am NOT telling her I already got her the bat-ish crazy 2020 ATB AT 119+TX...

[harbormaster]

The CORRECTION is On - Silver down $2 an ounce Gold down $86 BOOM

[2fast4u]

How much could you sell a 1986 West Point 1oz Gold Eagle Proof for right now?

[870classic]

About $1,900. Spot price as of the closing today was $1,944.

Or whatever the market will bear.

[vmonkey]

Looks like gold is going up on Monday. Buffett/Berkshire Hathaway took a position in a gold mining company. $565M investment in Barrick Gold.

[harbormaster]

Ask 2k

How much could you sell a 1986 West Point 1oz Gold Eagle Proof for right now?

[the86d]

Get a load of this:

https://www.ebay.com/itm/1-Troy-Ounce-999-Fine-Lead-Bullion-Bar-Hand-Poured-Stamped-Grimm-Metals/263279179821

[harbormaster]

copper too

For several months I thought about buying another 100 of those copper rounds usually priced at $90/100 for a 100 - they are going over 150 right now unless they are being bid up by the sellers.

Get a load of this:
https://www.ebay.com/itm/1-Troy-Ounc...s/263279179821

[the86d]

For several months I thought about buying another 100 of those copper rounds usually priced at $90/100 for a 100 - they are going over 150 right now unless they are being bid up by the sellers.

AG Math, instead of CU math, as I see it...:
AG w/spot @ $16/ozt: 5*$18=$90
AG Spot right now: $26.44
AG: 5*$29.44=147.20

With a $3 over spot markup, which is reasonable compared to what shops are charging right now, especially in a panicing-pandemic, I see AG as better, as you have to have less of it, same as gold, but most can't/unwilling to afford gold monthly, w/a 1/10th at ~$155.00 when AU spot was $1050/ozt....

[the86d]

Wow, AU @ ~$2005/ozt right now... and spiked to $2070 earlier this month!

I wonder how much longer AG, and AU will stay LOW during this panic?

[harbormaster]

been stagnant for a few weeks; doesn't bode well for it holding up. I kind of wonder if a lack of 2nd hand outs over covid might have squashed its rise a little?

[TheChief]

I am going back and forth about selling off a good chunk of my PMs to take advantage of the high. I have enough faith that the markets will calm back down once a more stable and honest Pres gets into office and faith is restored to some degree in the government.

[vmonkey]

I am going back and forth about selling off a good chunk of my PMs to take advantage of the high. I have enough faith that the markets will calm back down once a more stable and honest Pres gets into office and faith is restored to some degree in the government.

I am, too. I think regardless of who wins in November, the printing pressing are going to be running full speed ahead...

A good chunk of what I plan on selling I bought in December for the specific purpose of flipping. It is gone up 80% in that short time so I'm thinking why not sell?

I bought a gold mining stock in my IRA and I plan on holding that at least until after election...