Gold at another new record high. Ho. Hum.

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

nickndfl said:
I got my son to start buying 2 years ago. He was able to buy when Au was < $1900 and platinum < $950. He also picked up a little bit of silver < $30.

His favorites are pre-33 numis and 1/2 oz Canadian silver polar bears he got just.over spot in a special sale.
Click to expand...
Your a better dad than me lol...as my kids were growing up I gifted them au and ag for gifting occasions.... probably 10 yrs ago my son sold me back most of his to put into the s&p500....my daughter has always had me hold hers for her ...... could never get either one to invest more.....my daughter may change her mind soon as her last trip to India she was exposed to a gold saving culture and commented on it...maybe they think dad has them covered lol
 
I'm still trying to educate my kids. They are just starting to reach an age/maturity to where these issues will hold their attention for more than 5 seconds. 🤣
 
Those people will miss their window of opportunity:

pmbug

Silver Squeeze 2.0 Comprehensive Thesis

silversqueeze.jpg

Last night, I participated in an impromptu, late night Spaces on X hosted by SilverDegen and (at various times) 20-40 members of the X #silversqueeze community. At the start of the session, some folks were asking some very basic questions and it occurred to me that there are a lot of people that haven't been following this silver story as closely as I have for the last few months or years. There seems to be some confusion on the mechanics of what is happening in the silver markets as well as the goals and potential impact of a retail #silversqueeze...
  • Thanks
 
It’s end of Q1 today so a beat down would not surprise me
Below $3100 is an easy target but they would love to get it below $3000 .
 
As said recently, pretty soon only central banks, hedge funds and rich individuals will be holding gold. This move is incredible. IMHO, the next move up by BTC will be more aggressive, but right now everybody is starting to realize what exactly is gold. There is some FOMO going on in retail with new buyers.
 
Sunday night trading was likely the insurance companies in China, newly added as SGE trading desks, buying gold up to the currently 1% cap authorized by the Chinese government. $.02
 
pmbug said:
The importance of this is hard to wrap the head around. The dollar has lost so much value/purchasing power since it's inception. It used to be "so much more convenient than carrying heavy coins". We've crossed a Rubicon of sorts here. Gold foil notes like @Goldback become more attractive every day.
Click to expand...

 
You must log in or register to reply here.
Back
Top Bottom