Manic monday beatdown on metals

[BigJim#1-8]

I remember 15%+CD rates and higher housing rates

I had a money market checking account that was paying 14.5%.

 

[the_shootist]

I was selling real estate back in the 80s. We didn't go to the banks for mortgages back then. We had to come up with lots of creative financing during those years. You had to work for the dough back then as an RE agent. I learned a lot working that job that helped me later on in life

 

[southfork]

And no darn deals on silver to be found

 

[rte]

And no darn deals on silver to be found

How's this one?
Bought around noon and silver started down the slide after that.
It's a silver center from a $10 bally's casino strike.
I figured it at 0.65 ozt, but weighed it at home at 0.60.
For $15 its in the ballpark of spot.
Would prefer the full casino strike, but someone got the bright idea of popping out the silver center.

 

[rte]

Well now, interesting charts in G&S last few hours.
Was that the guy that bought 4 million dollars worth?
Opening Bell at the New York Globex
Silver

Gold

 

[Bman33]

More weird silver action as I type:

Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO

Live 24-hour Silver Price Spot Chart from New York, London, Hong Kong and Sydney. Silver Prices Updated Every Minute.

www.kitco.com

 

[rte]

More weird silver action as I type:

Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO

Live 24-hour Silver Price Spot Chart from New York, London, Hong Kong and Sydney. Silver Prices Updated Every Minute.

www.kitco.com

Wasn't me I only bought 20 ounces.

 

[Voodoo]

this time IS different...i knew it



the other week i ordered a bit more, just in case and it all arrived yesterday, all the same and I got them with a 'deal price', 'their choice'

such a nice surprise as they have good taste:
View attachment 245138

i'm smelling a premium right out of the box

Dang nab it. I just about bought some of those at the high premiums...

 

[Buck]

Dang nab it. I just about bought some of those at the high premiums...

i never knew they existed and instead of receiving some beat up bars, they showed up instead

(also meaning: they're out of 'beat up bars')

 

[rte]

i never knew they existed and instead of receiving some beat up bars, they showed up instead

(also meaning: they're out of 'beat up bars')

And treating those as generic 10 ounce bars.
Interesting enough I havent seen them either.
Dont know if I like the design or not.

 

[nickndfl]

UBS thinks gold will fall to $1600s by end of year.

UBS sees 'short-lived' strength for gold, expects prices to drop to $1,600 by year-end

Gold prices have been buoyed in recent weeks as investors seek safe-havens with fears of a Russian invasion of Ukraine rattling global markets.

www.cnbc.com

 

[rte]

Ladies and gentlemen, give SOUTHFORK a big round of applause.
The 25 souffle held....

 

[solarion]

I believe the 25 level was tested roughly 6x in the past 18 hours...and it never broke. ...must be a kevlar cake. :)

 

[Unca Walt]

UBS thinks gold will fall to $1600s by end of year.

UBS sees 'short-lived' strength for gold, expects prices to drop to $1,600 by year-end

Gold prices have been buoyed in recent weeks as investors seek safe-havens with fears of a Russian invasion of Ukraine rattling global markets.

www.cnbc.com

I certainly hope so.

Just about everyone here would profit from the opportunity to change Xero value fiat into hands-on gold.

 

[gringott]

I wish I could pre buy at that price (1600s).

The FRN has been diagnosed with terminal cancer and we need to find a new way to express value of gold. Like how much gasoline is an oz of gold worth.

They are talking the bankster game obviously. Key quote, to them risk is money going to gold. Less risky electronic investments. Meaning they don't make money on gold, but they do make digits on fake shit.

 

[the_shootist]

UBS thinks gold will fall to $1600s by end of year.

UBS sees 'short-lived' strength for gold, expects prices to drop to $1,600 by year-end

Gold prices have been buoyed in recent weeks as investors seek safe-havens with fears of a Russian invasion of Ukraine rattling global markets.

www.cnbc.com

Message for CNBC...

Oh Gawd.....since this is a CNBC article it must be true. CNBC, CNN and MSNBC are my go to news sources and I only buy and sell PMs based on what some douche bag who works for an investment bank in Asia tells me.

IMHO, the truth is no one knows what's going to happen with metals and world events coming later today, never mind beyond that!

 

[Bman33]

Message for CNBC...

Oh Gawd.....since this is a CNBC article it must be true. CNBC, CNN and MSNBC are my go to news sources and I only buy and sell PMs based on what some douche bag who works for an investment bank in Asia tells me.

IMHO, the truth is no one knows what's going to happen with metals and world events coming later today, never mind beyond that!

I concur. Doesn't matter who the source is, metals are way to hard to predict. Just this last week they have defied what they are "supposed to do". For physical guys like us it's not about the investment to make money, it's insurance for SHTF or an emergency.

 

[viking]

I concur. Doesn't matter who the source is, metals are way to hard to predict. Just this last week they have defied what they are "supposed to do". For physical guys like us it's not about the investment to make money, it's insurance for SHTF or an emergency.

That, and hold cash is a losing proposition right now.

 

[rte]

Good morning....err,
Monday morning smack down commences.

 

[the_shootist]

Good morning....err,
Monday morning smack down commences.

My fault, I made a purchase yesterday

 

[solarion]

Good morning....err,
Monday morning smack down commences.

Fake. As usual. The dollar is even weaker, but apparently commodities suddenly don't care about the dollar index. Funny how that works.

If you scan the headlines, it's clear nobody gives a shit about inflation risks. It's all about "deltacron" variants, alleged peace talks, and Chinese shutdowns. Golly, I wonder if any of that stuff is going to lead to more supply chain issues and therefore MUCH higher prices. Nah...no way, better go buy some overpriced google shares and throw your gold away.

 

[the_shootist]

Fake. As usual. The dollar is even weaker, but apparently commodities suddenly don't care about the dollar index. Funny how that works.

If you scan the headlines, it's clear nobody gives a shit about inflation risks. It's all about "deltacron" variants, alleged peace talks, and Chinese shutdowns. Golly, I wonder if any of that stuff is going to lead to more supply chain issues and therefore MUCH higher prices. Nah...no way, better go buy some overpriced google shares and throw your gold away.

How long can they keep it up? Who knows! They control it all and they have nobody to answer to.

 

[southfork]

My fault, I made a purchase yesterday

Dam you, call them up and see if you can get a refund.

 

[the_shootist]

Dam you, call them up and see if you can get a refund.

It doesn't work that way unfortunately!

 

[Lancers32]

It doesn't work that way unfortunately!

You buy online?

 

[solarion]

How long can they keep it up? Who knows! They control it all and they have nobody to answer to.

They will run out of the physical metal with which they suppress prices by employing their fractional reserve scam.

These are the three most suppressed commodities on the crimex in reverse order and there's a whole lot of all of them leaving the place. Lower the price with their paper scams and take delivery of physical. Bankers are crooks, they're not stupid.

 

[the_shootist]

You buy online?

Yep, still do

 

[CopperSilverGold]

I don't get caught up in the day-to-day swings in the metals prices. Every beatdown is just another buying opportunity IMHO.

 

[Goldbrix]

Fake. As usual. .......If you scan the headlines, it's clear nobody gives a shit about inflation risks. It's all about "deltacron" variants, alleged peace talks, and Chinese shutdowns. Golly, I wonder if any of that stuff is going to lead to more supply chain issues and therefore MUCH higher prices. Nah...no way, better go buy some overpriced google shares and throw your gold away.

That is called "Shot Gunning" - Throw enough shit at the walls of MSM and they'll find a narrative that sticks to run with.
ANYTHING away from the TRUE ISSUE(S).

 

[the_shootist]

The beatdown continues this morning. As the spot price goes down the premium percentage goes up. Nice gig if you can get it

 

[solarion]

Everyday for a NY banker is a new opportunity to steal from investors...particularly metals investors. They should all be lined up and shot in the balls...if anyone's aim is that good.

 

[Casey Jones]

Well, you know it.

"Insider Information" that the NPCs don't have.

If it gets bad enough, one way to recoup/take advantage of the spread, actual versus COMEX prices, might be to advertise on CL or other venues.

Never gonna sell? Okay...why buy, then? Kids? Make sure they're onboard. Most are not.

I bought, lo these years ago, for just the time we're in - me retired, and the dollar going down, and basic needs and/or wants, still to be bought.

That means, time to time, the next eight years (before the Dirt Nap) I'll be selling. I'll have to find a way to get around manipulated prices.

 

[solarion]

Selling for what is always the question. If you don't have a love affair with the obviously failing US dollar then what is it you want in return for metal in hand?

A "strong" dollar is bad for gold! ...and by extension a weak dollar MUST be good for gold...right? So WTF?

Right, just more bankster excuses for stealing.

 

[Casey Jones]

Everyday for a NY banker is a new opportunity to steal from investors...particularly metals investors. They should all be lined up and shot in the balls...if anyone's aim is that good.

They should be prosecuted.

We should have judges who are cognizant of law and their own duties.

We should have a Congress that understands the purpose of judicial impeachment.

We should have an election system that is honest and worthy of trust.

None of this is present. When the time comes, it's not bankers I want to shoot. I'd rather they starve in the feral jungle that will be Gnu Yuck, after the Collapse.

I want the thieving pols and their mediuh mouthpiece-liars, hanged...nay, Necklaced, or fed into chippers.

 

[Casey Jones]

Selling for what is always the question. If you don't have a love affair with the obviously failing US dollar then what is it you want in return for metal in hand?

I dunno.

You want to pay your rent or house payment, or taxes, in bitcoin? In gold? Let me know how that works.

 

[southfork]

Well, you know it.

"Insider Information" that the NPCs don't have.

If it gets bad enough, one way to recoup/take advantage of the spread, actual versus COMEX prices, might be to advertise on CL or other venues.

Never gonna sell? Okay...why buy, then? Kids? Make sure they're onboard. Most are not.

I bought, lo these years ago, for just the time we're in - me retired, and the dollar going down, and basic needs and/or wants, still to be bought.

That means, time to time, the next eight years (before the Dirt Nap) I'll be selling. I'll have to find a way to get around manipulated prices.

Same here, im retired but dont need to sell to live. I cant see buying anymore though when in this years calamities gold and silver cant hold their own, I dont doubt the manipulation but does it ever end? Look at the two failures this month that were smoothed over. Untill its said we cant produce anymore we dont have silver to make it, were in a pile of shit; jmho. Ive been a big proponet of buying metals for years but now I cant recommend anyone buy unless its for a 10+year payout

 

[solarion]

I dunno.

You want to pay your rent or house payment, or taxes, in bitcoin? In gold? Let me know how that works.

Glint - The Global Gold Currency | Buy, Save & Spend Physical Gold

Buy gold at the best gold prices, then save or spend gold securely with the Glint App & Glint Mastercard®. Buy gold bullion digitally. Install Glint today.

glintpay.com

BitPay: Buy Crypto Without Fees | Store, Swap & Spend Bitcoin

Buy crypto with no fees in the BitPay app for a limited time. This offer is exclusively for U.S. residents. Download the BitPay Wallet app for an easy and secure way to buy, store, swap, and spend crypto all in one app.

bitpay.com

Store wealth in anything NOT pulled form J pimp powell's wrinkled ass and convert wealth to dogshit fiat ONLY when absolutely necessary. ...and for fucks sake people stop paying taxes. These assholes are printing trillions every year...they don't need your pennies, they only steal your pennies to keep you locked onto the fiat reservation.

 

[Casey Jones]

Look, you can sell anything for anything.

I can sell a house for pu$$y. In theory.

In practice...it does not work. This isn't an academic game. If you have stacks but no cash, and the tax bill looms...there is one thing you can do, only one thing. SELL PMs.

 

[the_shootist]

A store of wealth is the only reason for acquiring physical PMs IMHO. Paper is for investors and speculators. Physical is for the restofus!.

 

[the_shootist]

Look, you can sell anything for anything.

I can sell a house for pu$$y. In theory.

In practice...it does not work. This isn't an academic game. If you have stacks but no cash, and the tax bill looms...there is one thing you can do, only one thing. SELL PMs.

Diversification is our salvation!