Posted on 04/12/2024 7:53:57 AM PDT by Kaiser8408a
Hi Ho Silver (and Gold)!
Gold futures prices are soaring and are at $2,422.00. Gold futures prices are up 19.61% over the past year.
Silver futures prices are also soaring and are at $29.64. Silver futures prices are up 16.40% over the past year.
Bitcoin is almost at $70,000 and is up 133.44% over the past year.
Returning to gold, we are seeing another gold breakout, like the breakout in 2008.
Even central banks are loading up on gold, silver, and cryptos. Why? Primarily fear of US reckless budgets and exploding debts/deficits (don’t listen to Biden talk about how “he” reduced deficits and debt (both have risen to dangerous levels under he inattentive eyes).
However, calming the jangled nerves of pension funds is that the S&P 500 stock market index is up 26.04% over the past year.
Of course, the S&P 500 is not sustainable given that it has been driven by excessive spending by the Biden Adminstration coupled with still massive monetary stimulus from The Federal Reserve.
In summary, gold, silver and cryptos are rising on FEAR! Of Biden, Congress and The Fed.
(Excerpt) Read more at confoundedinterest.net ...
Provident Metals is very reliable and often has better prices.
“...stopping this (as days go bye) becomes harder and harder.”
Back in the Clinton adminisgtration they were talking about the improving economy by using the stock market as the display of success and I was uncomfortable with the misnomer. The market is being driven by inflated funds and has been getting higher and higher for many years.
As the inflation rate rises, speculation about the future prices of goods and services leads to a market environment that is highly volatile. Since prices are rising, many investors will speculate that companies will experience a drop in profitability. So this scare, whether real or generated by inflation rates, will cause products and services to inflate.
If you tack that on to the “split” in the dollar, to be consistent with “growing” economy, on paper only, prices will have to be increased by the people in the stores to balance the raises in pay of their employees and product purchases. The bottom line only goes up in spirit and not reality.
wy69
All I can say is that my Dad saw this coming (PM prices sky-high) and it’s a d@mn shame that he had to go and die on me in 2020 and miss this!
My advice? If you NEED to, sell your Gold before your Silver. Silver is JUST starting to break out.
Now, President in Exile Trump will be RIGHTFULLY re-elected in November and ruin it for all of us Goldbugs, LOL!
(J/K! MAGA all the WAY, Baby!)
Gold traded as high as $2415.00 this morning and then started dropping in price around 12:30. It was around $2340 when the market closed at 4:00 and is at $2343 now.
It was a wild ride in gold stocks. For instance Barrack Gold Corp (GOLD) was trading up at $18.90 and then swoosh! down it went to $17.75. It regained a small bit in price later in the afternoon but closed down 1% at 17.86.
Silver traded above $29 per ounce, reaching levels not seen since February 2013, then pulled back to $27.85. Silver always lags gold so now might be a good time to buy.
Your grocery prices already told you the dollar was taking a dump.
I have a small amount of bars/rounds, but the most concerning thing since the last time I was in the market for these things is the amount of counterfeits out there. Watch the videos on how to detect and/or avoid them, and take your time!
For some odd reason (to disconnect from the West?) Red China a few years back started issuing their silver panda coins as 30 grams (a bit smaller than a troy ounce); with so many more alternatives available now (at least 30 countries issuing one ounce silver coins) there is simply no reason to buy them.
Thanks for the ping
Goldman Sachs raised the year-end gold forecast by 17% to $2,700 per ounce.
“One Bank [Finally] Says Quiet Part Out Loud On Gold Manipulation”
I recommend Money Metals.
Gold over 2400...Silver pushing 29
Is Costco actually selling gold bars in their stores?
Yes they are, but they seem to sell out quickly.
Does anyone know what Costco is selling a 1 ounce American Eagle for?
About 2 1/2% over spot.
Ooooppps, sorry, that is for a one ounce gold bar. I don’t think they are selling eagles.
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