Getting that 2010-2012 type vibes when in 2011 I believe it was, Silver pumped to almost $50 for quick minute.
General Poor Man's Game: Gold,Silver,Platinum, and Palladium
- Thread starter Enock-O-Lypse Now!
- Start date
Hmm time to dumpy dump dump
PM's drop drop droppin like it's hot!
PM's drop drop droppin like it's hot!
Interesting to see what Silver does today, it's at the same price as Halloween right now.
I'm banking on some high quality economic recovery the next four years, Gold back down to 1800 silver back down to low 20's..
hope that's a horrible prediction and PM's stay up though.
I am with you on that, I'm not selling my silver unless it hit 50 anyways. Give me back a strong economy.
According to supply & demand as well as mining costs, that's just not possible.
India's imports alone are enormous.
I'm happy to see pm's drop for the same reasons, economy.
But overall, nothing can stop this economic freefall.
And world powers, particularly the BRICS, have positioned themselves to transition to their own 40% gold backed digital currency.
The massive hit post-election is par for the course.
The USD was up $1.50 on the day which was MASSIVE.
DOW up 1500, massive, S&P & NASDAQ @ ATH's, crypto exploded.
But the initial euphoria is largely over.
I think the floor for silver moving forward is $30 & gold $2500.
And it's leaving the country faster than it's being mined.
We are in crazy times.
Even with any measure of economic recovery, silver particularly has to continue its rise, as does copper, nickel, cobalt, uranium etc.
*I think the upside to nickel is still large, and it is way undervalued and suppressed!*
As long as inflation rises, depleting real assets have to rise.
View: https://youtu.be/Ul5llxlQXwI?si=hs6ZiHydq3xQMbv7
Paid $1100 for what used to be $50 in Constitutional money.