Posted on 03/19/2020 3:48:03 AM PDT by MeneMeneTekelUpharsin
People are selling gold and silver to meet margin calls. Also, nearly impossible to get physical delivery of silver under $20 an ounce.
Does anybody see the irony of those calling for a return to the “gold standard” for U.S. currency?
Just reporting information. That’s all.
I have no sympathy for any private individuals borrowing money to play in the stock market.
Yea but you’ll live longer and thus be there for your family.
That’s what you get for buying on margin.
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.”
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.
try apmex ... american precious metals exchange
wide variety of silver/gold bullion coins available
realtime pricing ... no pesky salespople
same day shipping (free on orders over $100)
Made a bet and lost. My my.
Case #14403
Adams County Mississippi.
It has made it to Natchez
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