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
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