amc rulz
Forum Supporter
Really hammered down lately. Anyone taking this as a buying advantage?
My thoughts are that I'm glad they're crashing, as my stock portfolio is shooting through the roof.
The last big crash all major stock indexes were up over 1,000%. I love logging into my Thrift Savings Plan each month to see I gained $6k.
It sucks in that I dig a lot of gold rings, so I'll be sitting on them for a while.
It sucks in that I dig a lot of gold rings, so I'll be sitting on them for a while.
I wish to have your level of suck.
BCD
I wish to have your level of suck.
BCD
From what I have read, paper gold and silver shares are hedged at least 100:1, paper vs physical.I really think the pricing for gold and silver is driven more by speculation than demand. At some point the demand will dictate the price but I don't think we are going to be there yet for a few more years.
People are leaving the gold and silver and moving to stocks to get in on the stock market increases. Now a lot of these people did not really have gold and silver they just had shares of funds that owned gold and silver. These funds are being forced to sell their gold and silver to keep from loosing money, so more gold and silver are physically available and there is not as big a demand for them.
Just my opinion of watching this market for the past 30 some years.
Ray
Thats what happened back around 2015...premiums went up to make up the difference, and the physical dried up!A whole new generation of holders...I dont know if any of them are gonna sell at anything below $15 ag or $1100 au...Unless they absolutely have to...Even then...it would be a tough deal to procure it at the 'spot' price...
So the Spot may say $14...but can you find it at that?...When the Spot says something, and you cannot find it at that price, then theres the market bottom I figure....What do I know though?