What Happens To Gold And Silver Next? Look Out Below?

Srqqc,

Great post. It's refreshing to read after countless posts that gold might go up, down, or stay the same.

Thanks guys, just adding my take on things for a different perspective I did not see discussed when I was skimming the thread. I think gold bugs are wishful thinkers living in denial or at the very least, economically paranoid and have no real answers for what is truly affecting the gold market.

I still believe gold is money like the rest of you but I think as long as paper gold is allowed to be traded, the price will forever be MANIPULATED because you are tying the value of physical gold to something that does not exist that is literally created out of thin air.

If Apple decided to triple the amount of shares available, the shares that are issued up to today would be worth 1/3 of what they are worth now. The same thing is going on in the gold market. The only difference is, the miners will stop producing if they cant stay in business so the price support of paper contracts being traded is keeping the value of gold just above what the mining industry needs to exist. Every time gold looks like it is going to break out, some central bank (usually the Germans) sells a couple billion in contracts into the open market and that stops the price increase dead in its tracks.

Until demand for physical gold increases, welcome to the new norm. I do not see anything outside an economic catastrophe that is capable of lifting the price of PHYSICAL gold. We can speculate all we want but most of us have only seen a truly impressive run on the price of gold twice in our lifetimes and both times the money changers have stopped the increase and sent it hurling to the floor by flooding the market with paper gold.

So you may as well hedge your gold and silver bets with a form of the metal that has not only a metal value component, but a numismatic one as well. You need to look for the opportunities that exist where the numismatic value is close to the value of the metal but will continue to demand a premium over the metal value due to numismatic scarcity.

I don't invest in circulated gold and silver coins because they have little to no real numismatic value. There is no demand for common date circulated silver Washington quarters that justifies $3.00 a coin other than that being the value of the silver in it... But I would be able to sell a 1954 P UNC Washington quarter to beginner collectors for $5 all day long on ebay regardless of the silver price.

This limits my downside and leaves the door open for any increase in the value of the metals. I am still investing in silver and gold, I am just limiting my downside risk by staying away from bullion products whose value is 100% the value of the metal.

So I have the latest summary of the gold and silver markets- YAWN lol

all kidding aside, these next coming months will be a drag so just take it easy, go fishing, go to the beach, do whatever you like to do but ignore all markets for the next two months...

have a great summer my friends, I will see you all later on this thread and the other one!

Down trend?

^^^ LoL....it hurt abit looking at items I've bought over the last year and comparing to today's prices....ugh...however 2 years ago prices of things I bought were still a lot cheaper so I'm about even....I'm only half way to my stacking goal so In a way I'm hoping it goes down a lot more too back to 2014/2015 ish prices....couldn't resist and bought a 10 oz silver bar at spot today plus some higher premium bullion coins that seemed like a deal cause of spot drop....1/10 oz gold coin also coming home too :)

Is it common for precious metals to take a dip like this?

I do not know for sure if this a *screen glitch*

I used to trade futures, and for sure it does happen.

In thin markets, it is called RUNNING the STOPS

Happens a lot (more times) around holidays.

Interesting days ahead - we're right at the trend line at the moment:


Of course, silver could break it and rally towards the next one at around $17.50.