People selling gold and silver to meet margin calls

Investors | 19 March 2020 | Mene Mene Tekel Upharsin

[Yo-Yo]

Does anybody see the irony of those calling for a return to the “gold standard” for U.S. currency?

[MeneMeneTekelUpharsin]

Just reporting information. That’s all.

[Wuli]

I have no sympathy for any private individuals borrowing money to play in the stock market.

[desertfreedom765]

Yea but you’ll live longer and thus be there for your family.

[Blood of Tyrants]

That’s what you get for buying on margin.

[grey_whiskers]

Correct. Also the ratio of the price of gold to the price of silver, is ridiculous.

With all the electronic money being thrown around (liquidity crisis / too much debt compared to cash and cash equivalents) this is an analogy to when a human body goes into shock and all the blood vessels dilate. Blood pressure plummets.

I’m seriously looking at buying gold/silver miners, or options on such.
As well as oil stocks; “buy when there’s blood in the streets.”

[wastoute]

They say don’t buy paper metal. I don’t. My Brother IL has gold mining stocks he inherited decades ago. He must be doing OK because he hasn’t had a job in decades.

[TheRightGuy]

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[Sequoyah101]

Made a bet and lost. My my.

[CharleysPride]

Case #14403

Adams County Mississippi.

It has made it to Natchez