Gold and Silver prices predictions Up/Down?

[kc19990]

Wondering if I am the only vintage collector to have been orange-pilled? First bought bitcoin in 2016. Have owned off and on since then. Really went in 15 months ago and haven't regretted it a bit. It's the only true hard money in existence and I'm a very long-term hold. There are some really sold reasons it went from a penny in 2008 to over $110k per bitcoin today. As fiat just keeps getting printed (all around the world), gold and bitcoin will continue to go up.

[BioCRN]

Originally Posted by kc19990

Wondering if I am the only vintage collector to have been orange-pilled? First bought bitcoin in 2016. Have owned off and on since then. Really went in 15 months ago and haven't regretted it a bit. It's the only true hard money in existence and I'm a very long-term hold. There are some really sold reasons it went from a penny in 2008 to over $110k per bitcoin today. As fiat just keeps getting printed (all around the world), gold and bitcoin will continue to go up.

Bitcoin is awesome for making money off Bitcoin, but it's volatile to base trade on it.

Ordering something in July for a December delivery and knowing it could easily be worth 5-10% plus or minus between the 2 points isn't stable enough to do business.

The biggest "spenders" of bitcoin at this point vs those simply involved in trading and investing seems to be sanctions avoidance and sending money in between countries without steady or affordable money transfer.

The people I know that use bitcoin as one would use a traditional currency have used them for rather small things and pretty much all of them are excited about how much $USD the coins are worth rather than the coins, themselves.

[Peter_Spaeth]

https://www.youtube.com/watch?v=CqYll6M36ao

[BioCRN]

I don't really understand people who hold physical metals. You're leaving money on the table when you want to convert it to currency you will actually use in the real world.

It's hard to find a 1-to-1 conversion rate. Someone wants their cut just for the transaction when people want to convert shiny stuff to spending money.

Then you have taxation issues depending on where you live because for the most part it's treated as a collectable and it can be hard to find further savings in that department depending on how your financial life is being managed.

It's very possible to outrun the buyer's cut and taxation, but I like investing in other ways with those who interact with the production/discovery or hold the physical stuff themselves. I'd rather not mess with bars, coins, etc... Even with the fees on ETF and some Mutual Funds, I find it much easier than dealing with physical stuff.

[steve B]

all the different types have their place. I'm more comfortable with physical objects, mostly because I'm old and also partly because I have doubts our current all electronic systems will survive a Carrington level event.

One paper I wrote for college economics was about making money on metals mostly gold and silver. nearly everyone at the time went from weekly published prices that lagged the actual markets. That lag was often longer for actual collectibles. So a silver or gold coin that was essentially an ounce could still be had at last weeks price a week later or more. Likewise, there was a corresponding lag when the price went down. so if you bought at 20 and it went up to 30 you got a heads up when it headed back down

Many electronic funds do similar trading, but more complex and MUCH faster, Taking and selling huge positions in a stock in milliseconds. (from a friend who ran computers in the financial industry) He thought day traders were set up to loose in the long run because they were never fast enough to compete.

To me metals are a mid term investment, not a buy today sell tomorrow, and not a hold for 20 years thing but a few months, maybe a year.

[bk400]

Originally Posted by steve B

all the different types have their place. I'm more comfortable with physical objects, mostly because I'm old and also partly because I have doubts our current all electronic systems will survive a Carrington level event.

One paper I wrote for college economics was about making money on metals mostly gold and silver. nearly everyone at the time went from weekly published prices that lagged the actual markets. That lag was often longer for actual collectibles. So a silver or gold coin that was essentially an ounce could still be had at last weeks price a week later or more. Likewise, there was a corresponding lag when the price went down. so if you bought at 20 and it went up to 30 you got a heads up when it headed back down

Many electronic funds do similar trading, but more complex and MUCH faster, Taking and selling huge positions in a stock in milliseconds. (from a friend who ran computers in the financial industry) He thought day traders were set up to loose in the long run because they were never fast enough to compete.

To me metals are a mid term investment, not a buy today sell tomorrow, and not a hold for 20 years thing but a few months, maybe a year.

Talking about gold is like talking about religion in many ways! I'm kind of in this camp, albeit for slightly different reasons. I feel more secure having some standardized gold coins in my home. If there is a Carrington level event or we find ourselves in a situation where we become refugees where our lives are reduced to what we can carry, those gold coins could be life savers (and their value could become priceless in some ways). For that reason, physical gold is the only type that interests me. But I certainly don't see it as an investment in the traditional sense.

[Republicaninmass]

I have a gold nugget that resembles Joe Jackson