What the fuck happened to Bullion? The price of gold and silver has been sitting stagnant for weeks on end. The world has shut down and economic havoc has thrashed the fucking planet, but those precious metal prices haven't really budged. In fact while gold only went up a little, silver dropped quite a lot.
You can't even buy it anymore because nobody has any physical metal to sell you. And those of us in lockdown or quarantine can't get to sell it to a dealer for fast cash. But in such a difficult moment that has crushed the entire planet, why is there no movement? Surely these metals ought to be through the fucking roof by now.
are you fucking blind or just plain stupid--gold just closed at a 10 year all-time in the USD...it's already reached all-time highs in every other fucking currency. Gold will hit $3k USD by end of year. screencap this or stay poor
Anthony Sullivan
Gold was at this price weeks ago. Don't give be that bullshit that it's closing on a 10 year high.
Silver is even worse. It dropped in early March and never recovered more than half of the drop.
What about Silver then? Silver took a dive weeks ago and hasn't recovered. I thought you Doomsdayers were obsessed with Silver going through the roof at uncertain times. It's worth so much less than at the beginning of the years... before COVID-19 hit the west. And yet no bullion seller has any in stock. Shouldn't Silver be punching into the stratosphere by now?
Because it's still not as reliable as the US dollar. That simple. Gold will always be a safe heaven meant to be sat on, and for that reason its price will always remain stagnant (even though it also rises over time). For you to see the kind of mass rise you're hoping for, the US dollar will need to become worthless.
Oliver Richardson
Well, of course it should punch thriugh all boundaries, but like the stock market, gold and silver prices are being manipulated, and the public is too low IQ to even question this.
kikes are turning on each other, turns out there's a lot more gold certificates than there is gold
Matthew Hernandez
Is buying a few coins of silver a good idea ?
Bentley Fisher
What about silver? What about copper? What about lead? Focus on gold here, user. Gold is what central banks are buying up. Silver will follow once all the avenues to buy gold and gold stocks are too expensive for the average joe.
>The price of gold and silver has been sitting stagnant for weeks on end The spot price is fake. COMEX failed to deliver.
Cameron Butler
It's been a wide open "secret" for a long time that their was way more paper gold then physical gold, and they just ran on the belief that no one would ever call in their "ticket" or cash in for the physical now theirs a run on physical gold and the shits about to get real, it's been building up for a long time and a bunch of paper merchants are about to get their asses handed to them.
William Cruz
Why would anyone ever buy gold on paper, and on a chunk of shiny shit to hold in their dirty little hands?
Evan Price
Gold is only worth something if you physically possess it. All the market trading is for worthless certificates for gold that will never be delivered.
Easton Wood
>muh shiny rock is worth 999999 Imagine being this retarded in the middle of pandemic
Blake Peterson
good, goy. shiny rocks are worthless.
Logan Green
>no movement isn't that the point?
Zachary Lewis
yesss, thats it! stay focused on the invisible enemy. we will take care of everything else. go back to sleep, sweet lamb.
Cameron Miller
>You can't even buy it anymore because nobody has any physical metal to sell you. And those of us in lockdown or quarantine can't get to sell it to a dealer for fast cash. But in such a difficult moment that has crushed the entire planet, why is there no movement? Surely these metals ought to be through the fucking roof by now.
You just answered your own question.
The game is rigged... And you aint got a chance.
While your stuck at home sitting on your stack of gold and silver (((they))) are moving squazillions back and forth, moving exchange rates up and down to suit themselves.
Deflation - people are saving their dollars due to unemployment and uncertainty and foreigners are jumping ship with their currencies and buying USD and USD-denominated assets. Physical gold is unlikely to go up substantially until we actually experience some inflation. Physical bullion may go up right now because there's a shortage in the supply chain caused by quarantine measures but eventually coin dealers will be able to meet demand.
Inflation will be the next crisis because of the fed's money printing but it won't be felt for a few more years - only when people start spending their 401k and pension money which were just bailed out
Silver has more industrial uses than gold so it doesn't track 1:1 gold or fiat
Ayden Nguyen
>to buy milk, you'll pay a premium, the market doesn't make a lick of sense literally how you sound, couple steps in between going from inside a cow to your fridge just like there is a couple steps in between metal in the ground appearing in your hand with a neat design and uniformed shape
Your sister's pussy is the only currency I'm interested in.
Matthew Evans
The dollar has to crash to realize the potential of gold. Folks thought it would happen but it didn't. We'll all be back to work in a few weeks. This wasn't a market crash. It was a pause. The jobs are still there when you go back. Everyone that thought this was a crash or recession is fucking retarded.
Connor Young
Already have 2 here for some years and 5 have yet to delivered. Was it a mistake I bought 1kg bars?
Jackson Long
Good luck my nigger, we have an enormous amount of businesses going broke all over the place and the EU prints money like crazy. We will eventually go into an inflation.
Andrew Hughes
You can't have uniform crashes from market makers, though. Otherwise it's just a change in numbers.
Benjamin Evans
I've been studying my Chaikin and gold is overbought. Silver is historically worth less than at any point in human history, going way back to Sumeria. And there is less silver out there than gold, and it's often used in non-recoverable applications so it will continue to get more scarce.
There has never been a better time to buy silver. It could easily become more valuable than gold simply because the industrial applications are not usually (now) in recyclable forms.
Luke King
>xhe thinks the economy will just instantly recover retarded, bringing industry back will cut into profits and people are scared, it will take a year or two for the fear to wear off, but fundamentals are great, better than in 25 years in fact
some companies like micron were unaffected because they make shit in the usa and always have, being a us company with us people working for the us has advantages, the smart money buys micron over TI who has half their manufactory in china
Jayden Barnes
gold is at 1752. if it keeps kliming like this it will hit 2000 next week
The market and the economy are not intimately correlated. The DOW could go to 50k this year but half of the country could be without a job. Inflation is a son a bitch. See: Venezuela. It's market went into a hyper wave to the upside but the economy was non existent.
Luke Jenkins
tell that to rome or the mormons or the indo-chinese
Anthony Howard
I want to buy gold right now but everything bullion is priced so far past spot, it's not worth it.
