Posted on 01/31/2022 12:48:46 PM PST by SaxxonWoods
Gold prices edged up on Monday even as expectations for interest rate hikes by the Federal Reserve put non-yielding bullion on track for its worst monthly performance since September, while palladium braced for its best month in 14 years.
Spot gold was up 0.3% to $1,795.70 per ounce, and was headed for a loss of 1.8% for the month. U.S. gold futures rose 0.5% to $1,795.80.
The dollar has risen against other currencies based on expectations of Fed rate hikes, while other central banks haven’t really started to move yet, which has created a problem for gold, said Bob Haberkorn, senior market strategist at RJO Futures.
(Excerpt) Read more at cnbc.com ...
Somebody tell Gold and Silver there's inflation, they are both down for the month, down for the last 3 months, down for the last 6 months, down for the last year.
“Somebody tell Gold and Silver there’s inflation,”
Gold sells off in the face of rising interest rates.
People are “investing” in the virtual currency rush, instead.
Yes, I’ve noticed.
I’ve noticed young people never mention commodities, they like tech, crypto and meme stocks.
The hate for crypto on this thread from people who don’t understand it and who wouldn’t know how to buy it if there was a gun to his head, makes me laugh.
I own stocks, options,bonds, gold, silver and crypto. The one that scares me the most are the “kids” jumping into naked options.
Go to WallStreetBets on Reddit. You will be amazed at what “the kids” are doing.
I have a bunch of Morgan Dollars and 64 Kennedy Halfs I’d like to sell - not because I need the money, but I’m just tired of having them around. Looks like I’m going to be waiting awhile. None of them are really valuable outside of their silver content.
Any good ideas on selling them? I’ve heard ebay gives the best return, but you also get ripped off often. We have a reputable gold/silver place in Lake Worth, but they’re just paying for the silver and have rent and a light bill to pay.
“I own stocks, options,bonds, gold, silver and crypto. The one that scares me the most are the “kids” jumping into naked options.”
Yeah I learned the dangers of naked option when young, fortunately.
Your diversification lowers risk as you know. I have only a tiny bit of Silver (physical and paper), no Gold. I have a tiny bit of crypto, I’m getting educated about it. I barbell with stocks right now, Energy heavy on one end, preferred stocks paying 4-7% on the other, a few little amusements in between. I’ve held most of the energy for years, big dividend payers mostly.
And real estate, and cash. Short term Treasuries are finally beating the liquid cash real return (loss) finally, so will be moving into some of that.
Good luck with your investing.
Try a gold/silver mining club, they are everywhere, and the members like to deal in coins and such also. Dealer spread is a killer, I never work with Dealers.
Thanks.
I’ll buy them
Naked option when young, yes-remember that in regards to a highly speculative stock that turned out to be “pump and dump”... and promoted by none other than Terry McAullife, at the time a hustler/smoke artist for Global Crossing. Many years it took to make up that loss, but oh how it would have been great to have had FR around to warn me and the thousands these clowns ripped off. And, never will forget the Al Gore “wire the internet to the schools” boondoggle that is STILL a federal tax charged for the “program” which long ago disappeared in favor of much quicker/simpler WIRELESS internet to the schools (a separate charge natch). Seems Al Gores pals in the wired world continue to have slush funds in their coffers courtesy of that political largesse (right up there with Gore’s red colorant of diesel fuel, still going on today— a surcharge there too).
Vampires these demonrats— chislers and nickle and dime artists to a person.
A great little reminder and walk through history there, thanks for that!
Gold and silver, like any monetary figure is useless in a collapsed society.
Guns, ammo fuel and liquor will be worth far more.
Once interest rates finally increase, gold will follow them up. Finally when real rates get to 5 or 10% and inflation is finally going to be actually killed off, gold will crash. We're probably about five years from that point. We have just started the inflation, and real rates are still way below zero (and dropping).
Add tobacco. That is why BATF includes Tobacco.
Hot commodities that can be bartered.
👍👍
“Once interest rates finally increase, gold will follow them up.”
No. High interest rates make it too expensive to hold.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.