Precious Metals New Thread 2.0

Perhaps a great time to buy

https://www.tradingview.com/chart/GOLD/YK4MUgZs-GOLD-BUY-Day-Trading-Analysis-With-Volume-Profile/

 

I am really glad I sold a goodly amount of hard silver not so long ago. WE are in a trough. Will buy more fake ETF silver soon.

 

It's still a god time to buy, always buy dips.
The anti metals people are everywhere saying good or bad times, it's always a good time.

The dollar is dead, so it's always a good time to convert your dollars to hard assets. PMs are just one of the easiest, cheapest and most up side.

Silver will be triple digits for sure, we just don't know that value of the dollar at that time...

My belief is silver will out grow the coming inflation by a lot.

If there is a full reset PM's will be through the roof...

Buy anything you need now, don't wait.

We have low mileage cars, new lawn mower, snow blower, roof, windows ect....

Inflation is just creeping in now so don't hesitate to get big purchases out of the way and prepare for the storm...

 

Do you really think there is a chip shortage?
Remember the fuel "shortage" of the 70s, that is what's happening now.

The devaluation of the dollar.....

The dollar is worth less so the the price of foreign good must go up, creating a "shortage" during negotiations of the exchange rates.

But everyone's currencies have lower value so during these times the flow goods will start to slow down because no one wants to be on the wrong side of the trade.

So the chip shortage is the red flag of inflation and c19 has made things worse adding to food shortages, riots have led to build supply shortages.

 

PMs looking strong, may be a selling op close to $2000 and $30, I'm sure they'll be a pull back.

 

This is one of the reasons why we buy PMs.....

Hawley, Sanders decry $10B 'bailout' to Jeff Bezos tucked into bill to rebuff China
https://www.foxbusiness.com/politic...-bill-increase-u-s-competitiveness-over-china

 

Crazy to me, but seems like GOLD and SILVER are a bit of bargain right now. Inflation, employment, shortages.......yet Au and Ag down. Not making sense. Time to BUY.

 

I was a little early on my buy call but today was quite rewarding short term.

 

Silver is massively oversold. Always seems like that but it's at the very bottom of the trend line. Great buying op.

 

Thanks. Yeah. One account I got the hurt put on me.........another I bought this AM!

 

Just buy when it's at the bottom of the trend line or RSI is oversold. But don't be afraid to take a profit, even if it's not much.

 

Nice bounce today!!

 

Almost forgot about this thread. Seems like a good time to bump it.

 

I wasn't wrong.

Ag was briefly over $27, then some dumpers jumped in.

 

The premiums on physical are nuts. The lowest is generic 10oz or 100oz bars at $30. Eagles are almost $40.

 

Been bitchihng about this for like two years now. Seems like they were $1-$2 not that long ago. I find for rounds OK deals, but still high premium. Watch ebay, I bought 20 two weeks ago, $559 total. Killed by the premium but same sets are now $659: https://www.ebay.com/itm/112571120885?ssPageName=STRK:MEBIDX:IT

 

I've seen a few deals on ebay, but they always try to charge me tax, so I look for bullion in the "coin" section.

JM Bullion had generic at $1 over spot sale before the price shot up.

 

Man missed that deal. It must be your state. In WA no sales tax on metal bullion. Ebay did not charge tax.

I also bought 1000 shares of PSLV.

 

Bought another gold buffalo yesterday. Hedging against this insane inflation & great reset agenda. Cool to find this thread on TacomaWorld. Anyone buy anything cool on the dip this week?

 

Put all my money, sold all my PMs, all IRA's, cash everything and bought bitcoin a couple months ago.

Just kidding.

I bought some Au buffs, some Au bars, some Ag rounds and some Pt rounds.