InfleXion wrote:The thing that USD and gold have in common are that they are both safe havens compared to the average currency or bubble market. If they all keep going up, that would lead me to suspect market insiders know something I don't.
68Camaro wrote:If it wasn't implied in the OP, a disclaimer - do not ever act on any of my posts. lol
This was informational only, an interesting tidbit. A somewhat anomalous market behavior that I thought was worthy of note. No suggestion of a long-term trend. Just something to note and be watchful of. Do your own due diligence - DYODD.
That said, we're on day 6 of this behavior. I haven't seen this in awhile. It's not clear what is driving it. Gold (and to some extent, with noise - palladium) are essentially static, silver and platinum are up notable amounts. All should be down. I have no idea why.
Recyclersteve wrote:Speaking of war nickels— I ran into a jeweler while traveling to northern Kentucky last month (outside of Cincinnati). A young guy brought in some coins. I could see there were nickels in the box. The jeweler told him he’d pay $2 each for war nickels, but the young guy didn’t have any. I was floored, but didn’t have any with me since I was traveling. I did manage to sell 25 silver 40% halves to him for $3 each (6x face). Heck, he’ll probably sell them for 4-5x face.
Where did I get the halves, you ask? All for face value from the same bank in rural Ohio!
P.S. My apologies for getting severely off track from the original topic of this post!
Cu Penny Hoarder wrote:InfleXion wrote:The thing that USD and gold have in common are that they are both safe havens compared to the average currency or bubble market. If they all keep going up, that would lead me to suspect market insiders know something I don't.
JP Morgan has accumulated one of the largest physical silver positions in history. That is very telling.
As I've posted many times, silver is dirt cheap. It was an absolute steal at $13-14... IMO, we won't see $13 again for a very long time, if ever.
Premiums on 90% are still (remarkably) very low. $0.29 - 0.69 is a joke. Get it while you can. I expect those premiums to rise substantially as prices rise and inventory decreases. In 2008 premiums on 90% were $5.00-8.00
amalekidad wrote:68Camaro always says things that strike home with me!
"The USD is still the best horse in the glue factory"
Cu Penny Hoarder wrote:That's been true for quite some time now, jackpot question is... how long?
pennypicker wrote:Cu Penny Hoarder wrote:That's been true for quite some time now, jackpot question is... how long?
As soon as Elizabeth Warren assumes the Presidency
68Camaro wrote:USD index is over 99 now and USD valued PMs continue to maintain or rise. There is a cycle but gold keeps pulling itself back to $1500 every time the USD index moves higher. The USD is still the best horse in the glue factory; given negative interest rates in other parts of the world the USD still looks better than other options, for now. When the USD crashes again gold will be over $2000 - at a minimum. Again, not an investment per se - rather a stable safe haven that is resistant to inflation.
68Camaro wrote:68Camaro wrote:USD index is over 99 now and USD valued PMs continue to maintain or rise. There is a cycle but gold keeps pulling itself back to $1500 every time the USD index moves higher. The USD is still the best horse in the glue factory; given negative interest rates in other parts of the world the USD still looks better than other options, for now. When the USD crashes again gold will be over $2000 - at a minimum. Again, not an investment per se - rather a stable safe haven that is resistant to inflation.
USD is back over 99 again, and gold has - in the process - maintained at $1580 ish, near 1600. The gold to USD factor is near 1600. A 10% drop in USD pushes gold to 1755. A 25% drop in USD - to where it was in 2011 - and gold is over 2100. Not considering any increase in demand.
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