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

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Pillar of the Community
United States
2137 Posts
 Posted 08/23/2020  7:02 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Since yup started this thread 7 years ago, gold has made a rather tidy upward move. There was a long period at $1200 before the current rise. If I were selling today I would do well.

But I suppose we should think about the "look out below" part. The upward move in specie correlates pretty well with expanding government debt. With the decline in purchasing power of the fiat currencies, gold is only acting as a placeholder. Equities are doing more or less the same thing.

Buy when you can afford it, sell when you have to.

fistfulladirt, you can reduce your health insurance costs considerably by using a non ACA compliant policy. They're not guaranteed issue, so you have to be healthy to qualify. I cut my health insurance costs in half doing this. The policy was written by United Healthcare - not a fly-by-night scam.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/23/2020 7:11 pm
Bedrock of the Community
United States
21538 Posts
 Posted 09/01/2020  2:08 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
With the Fed getting ready to turn inflation loose, I don't see much down side risk other than a couple minor mack downs by some desperate banksters.
Pillar of the Community
United States
2914 Posts
 Posted 09/01/2020  3:05 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
...Fed getting ready to turn inflation loose...


since the underlying foundation for the return of rampant inflation should be dependent upon a robust economy which IMO is still a ways off.

A 'proven' & time-tested vaccine would still take some ramp-up time to make a significant enough improvement for the fed to gradually begin to push up the prime...
Bedrock of the Community
United States
11935 Posts
 Posted 09/09/2020  01:34 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
GR58, it is good to hear from you!


thanks Jbuck ... I see your post count is way up

I am not on here as much as I use to .. since my father
passed away .. not as much into coins.

But with the price of gold and silver up .. I just had to
sort thru my collection. I had no idea my collection was/is
worth as much as it is. Just sorting thru the coins I am not
in love with, and selling them, has netted me about 25k.
Really had no idea.

Of course, now I am thinking of putting some of that into
my Type set .. and my Morgan collection. But I will sort thru
more if these prices hold, or go up more .. and will sell more.

I have sold some coins, in pretty much all the big spikes since 1980.
Just start buying back when prices go back down.
Moderator
Learn More...
United States
91042 Posts
 Posted 09/09/2020  10:24 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I am sorry for your loss.

I hope the coin interest comes fully back to you in time. I am sure your type set and Morgan collection would appreciate the attention.
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