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Gold spot surpasses > $3300

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Re: Gold spot surpasses > $3300

Postby thecrazyone » Thu Apr 17, 2025 1:59 pm

It kissed $3350 last night.
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Re: Gold spot surpasses > $3300

Postby Lemon Thrower » Thu Apr 17, 2025 4:39 pm

Andrew Maguire is calling for $4500.
https://www.zerohedge.com/news/2025-04- ... en-why-how

Even a stopped clock is right twice a day. For those that don't know, he's been telling everyone to buy silver since 2010.
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Re: Gold spot surpasses > $3300

Postby 68Camaro » Thu Apr 17, 2025 4:49 pm

Lemon Thrower wrote:Andrew Maguire is calling for $4500.
https://www.zerohedge.com/news/2025-04- ... en-why-how

Even a stopped clock is right twice a day. For those that don't know, he's been telling everyone to buy silver since 2010.


Well, he's not wrong in the big picture as the time to buy is when it's cheap. While $6 silver or $12 silver or $24 silver is cheaper, the current price (if you can get it at spot) is, one might argue, potentially incredibly cheap. I certainly was buying hand over fist at this price 12 years ago when I was concerned of global financial implosion. (I obviously underestimated the abilities of TPTB to manipulate themselves out of that crisis.) I then managed to DCA my way to an above water position, eventually. But there are those that argue that silver will reach triple digits in my lifetime, at which point $33 will indeed seem like a bargin.
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Re: Gold spot surpasses > $3300

Postby Lemon Thrower » Fri Apr 18, 2025 4:35 am

he was wrong when it was $48 in 2011 and said it was going to $100.
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Re: Gold spot surpasses > $3300

Postby 68Camaro » Fri Apr 18, 2025 6:57 am

Lemon Thrower wrote:he was wrong when it was $48 in 2011 and said it was going to $100.


Yeah, well I've learned to be very skeptical of anyone claiming timing, including myself! :lol: I believe I will live to see $100 silver. I'm just not sure if that is a year or 15 years from now.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold spot surpasses > $3300

Postby Cu Penny Hoarder » Sat Apr 19, 2025 1:42 pm

Lemon Thrower wrote:he was wrong when it was $48 in 2011 and said it was going to $100.


Not just him, almost ALL PM pundits were wrong back then. In hindsight most of us here wish we unloaded more back then. I only sold one $500FV bag of 90% and several rolls of 1921 BU Morgan's.

The main reasons why the price does not rise substantially is because it's very easily manipulated. Companies that need it for industrial uses and EVs do not want to price to rise.
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Re: Gold spot surpasses > $3300

Postby pmbug » Sat Apr 19, 2025 10:09 pm

My latest article on silver - a 2,000 ton mystery...

https://www.pmbug.com/threads/silver-pr ... tery.8183/
The journey of a thousand miles begins with a single step. -Lao Tzu

You can find me ranting at clouds on pmbug.com.
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