naegling62
Veteran Member
Who just woke up and crashed the metals market?
CORP/BIZ Silver and Gold...The General Precious Metals Thread
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Samuel Adams
Has No Life - Lives on TB
PMs crash party tonight at my house !!
I got leaves…..bring beer !!
I got leaves…..bring beer !!
Henry Bowman
Veteran Member
markshere2
Senior Member
Jeeze, yinz philosophers makes my head ache.Yeah but what if the world was fake and everything in it was real ?
Whoa
Samuel Adams
Has No Life - Lives on TB
*takes deep breath….holds it…..releases slowly……*
I stack…..therefore I aaaaaaahhhhhhhhhmmmmmmmmmmm.
PMs crash party tonight at my house !!
I got leaves…..bring beer !!
Glad you can laugh, snark, and sarc. I'm thinking that the people that bought at the high expecting it to go higher as promised aren't doing any of the above at all.
But that may have been the point. They've removed some liquidity from the system and absorbed a not inconsiderable amount of fiat therefore tightening things further for a lot of people.
Groucho
Has No Life - Lives on TB
Oh wow man. Far out!Yeah but what if the world was fake and everything in it was real ?
Whoa
doctor_fungcool
TB Fanatic
**"My Opinion**
Metals selloff was expected. All markets are give and take. That being said, I am expecting the stock market to selloff in earnest soon.
Watch overseas markets first...Europe and Japanese markets will be harbingers of what's to come.
Remember the BIG BOYS make money as the markets rise, and score when it goes down(put options and magic trades)
Blessings to all who have invested. I wish you all the best!
Metals selloff was expected. All markets are give and take. That being said, I am expecting the stock market to selloff in earnest soon.
Watch overseas markets first...Europe and Japanese markets will be harbingers of what's to come.
Remember the BIG BOYS make money as the markets rise, and score when it goes down(put options and magic trades)
Blessings to all who have invested. I wish you all the best!
Hfcomms
EN66iq
Said it many times but it is an ounces game not a dollars game. Value your holdings in ounces and not dollars and you won’t care so much about the paper price. I’ve bought at $4 and I’ve bought at over $60 for silver and I value every ounce the same. Of course one can say that is easy for you to say as ‘You paid $63 not $120 and since it’s $82 you are still ahead but what about those that bought at $120?‘
Well, I also bought at $35 or $38 and they knocked it back down to $25 so I’ve been upside down on paper as well. When you understand to the core of your being the purpose of the metals and how they play out during banking and currency crises you rest easy, but that is not an understanding you can impart to someone else. If holding metal doesn’t give you peace of mind in this area it’s probably better for you to find something else that does. I still sleep very well at night especially witnessing what is happening globally right now.
Well, I also bought at $35 or $38 and they knocked it back down to $25 so I’ve been upside down on paper as well. When you understand to the core of your being the purpose of the metals and how they play out during banking and currency crises you rest easy, but that is not an understanding you can impart to someone else. If holding metal doesn’t give you peace of mind in this area it’s probably better for you to find something else that does. I still sleep very well at night especially witnessing what is happening globally right now.
markshere2
Senior Member
Peachy
Contributing Member
It's a great feeling to find a little silk change purse tucked away with five silver ounces in it!! I immediately remember from who and when I bought them. I usually move the little stash to the bigger stash and smile. I've never missed the fiat that purchased them.
Sure I've been upside down in dollars at times over the years, but it's a tortoise vs. a hare game.
Hfcomms
EN66iq
Because it is a paper game. The gold and silver prices quoted are paper prices and when there is an un orderly rout in the markets there are margin calls and forced selling and that happens in paper gold and silver markets too. If you can’t buy a real ounce of gold or silver for the stated price it doesn’t mean that much. Spot gold is knocked down to $5056 and silver to $81 and change but you can’t buy real metal for these prices.
doctor_fungcool
TB Fanatic
Markets selling off as we speak. Dow down more than a thousand pts.
West
Senior
Kinda like a divorce, or tornado. At first everything is fugged up. Then after a while it gets back to normal.
Southside
Has No Timebombs, Lives on Life
You ain't lyin' to me.PMs crash party tonight at my house !!
I got leaves…..bring beer !!
You got beer too!
Hfcomms
EN66iq
That is getting to skidmark territory. Be interesting to see if it comes back much before close. Algo’s getting nervous. I know my mining stocks have taken a bath today for sure.
Southside
Has No Timebombs, Lives on Life
And I bet you are thinking the EXACT same thing I am
I wish I had dry powder! We're the same I imagine. Why no dry powder?
Never have cash, cause it goes into phyzz.
And I don't sell phyzz.
doctor_fungcool
TB Fanatic
A large selloff of the Dow and Nas could trigger a "timeout" if the selloff continues downward.
Currently Dow down 1197...pts.
Nas down 558. Pts
Doc1
Has No Life - Lives on TB
You have to have a pretty strong stomach to play in the precious metals space. I'm not a day trader, so I don't obsess over my mining equities portfolio every day. I'll take a carefully-researched position, pull the trigger and then try to put it out of my mind for awhile. Yes, I fully understand that this is an amateur method of handling equities, but to the good, my DW (still) loves me and my dogs seem to be pretty fond of me, too...
I do track the metals prices daily, but again I don't obsess over them. The precious metals are the most manipulated market on the planet and we small retail investors can't legitimately believe that we can have any influence on them. What we can do (to a great degree) is anticipate the metal's future prospects and navigate that.
Ask the most basic of questions: Do you believe the US Government is going to stop its deficit spending and gutting of the currency? Do you believe that the US Dollar is going to get stronger going forward? Questions like these will unerringly point to future directions, but they are of little help in assessing day to day movement.
Hope this helps.
Best
Doc
I do track the metals prices daily, but again I don't obsess over them. The precious metals are the most manipulated market on the planet and we small retail investors can't legitimately believe that we can have any influence on them. What we can do (to a great degree) is anticipate the metal's future prospects and navigate that.
Ask the most basic of questions: Do you believe the US Government is going to stop its deficit spending and gutting of the currency? Do you believe that the US Dollar is going to get stronger going forward? Questions like these will unerringly point to future directions, but they are of little help in assessing day to day movement.
Hope this helps.
Best
Doc
von Koehler
Has No Life - Lives on TB
Bullish sentiment is at 92 percent not that far from the record all time high of 97 percent reached at earlier high.
Traders should be very cautious about entering any new long positions.
Stackers are not concerned about fiat currencies prices, so this doesn't apply to them.
Traders should be very cautious about entering any new long positions.
Stackers are not concerned about fiat currencies prices, so this doesn't apply to them.
Samuel Adams
Has No Life - Lives on TB
If you can…..go back through time and see how close the value of a finished market beef paralleled that of an ounce of gold…..
bracketquant
Veteran Member
von Koehler
Has No Life - Lives on TB
If you can…..go back through time and see how close the value of a finished market beef paralleled that of an ounce of gold…..
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von Koehler
Has No Life - Lives on TB
During a hyperinflation, food is always a top priority.
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West
Senior
von Koehler
Has No Life - Lives on TB
Delete
BadMedicine
Would *I* Lie???
TB2K rules require a synopsis in addition to runtime.
TB2K rules require a synopsis in addition to runtime.
Florida authorities recover 37 gold coins that were stolen from a nearly 310-year-old shipwreck
Thirty-seven gold coins, stolen by salvagers from a nearly 310-year-old shipwreck off of Florida’s coast, have been recovered by authorities, the state’s Fish and Wildlife Conservation Commission announced this week.
The recovery “marks a major milestone in a long-standing investigation” into the theft and illegal trafficking of such historical artifacts, the agency said in a news release on Tuesday. The coins have an estimated combined value of more than $1 million.
Authorities say that in 2015, there were 101 gold coins salvaged from the 1715 Fleet — a collection of Spanish treasure-laden ships that sank during a hurricane off of Florida’s central coast.
While 51 of these coins were “reported correctly and adjudicated,” 50 coins were not disclosed and were subsequently stolen, Florida authorities say.
Investigations revealed the illegal sale of the coins in 2023 and 2024. Using search warrants, authorities recovered the coins from private residences, safe deposit boxes and auctions.
The agency identified a suspect — a family member of the team contracted to salvage the shipwreck a decade ago — but it is unclear if they have officially been charged yet.
As required by state and federal law, the recovered artifacts will be returned to their “rightful custodians.” Additional information on who the “rightful custodian” of the coins is was not immediately available.
“This case underscores the importance of safeguarding Florida’s rich cultural heritage and holding accountable those who seek to profit from its exploitation,” Camille Soverel, an investigator for The Florida Fish and Wildlife Conservation Commission, said in the news release.
Over the years millions of dollars in gold coins from the 1715 Fleet — in a coastal area stretching from Melbourne to Fort Pierce, known as Florida’s Treasure Coast — have been found by salvagers and treasure hunters.
Florida authorities recover 37 gold coins that were stolen from a nearly 310-year-old shipwreck
Authorities have recovered 37 gold coins that were stolen by salvagers from a nearly 310-year-old shipwreck off of Florida’s coast.
apnews.com
NOTE: the article is from Nov '24 but it does make an interesting point to consider when it comes to government "meddling" when it comes to what might be reclassified as collector items or artifacts.
West
Senior
Right because..Florida authorities recover 37 gold coins that were stolen from a nearly 310-year-old shipwreck
Thirty-seven gold coins, stolen by salvagers from a nearly 310-year-old shipwreck off of Florida’s coast, have been recovered by authorities, the state’s Fish and Wildlife Conservation Commission announced this week.
The recovery “marks a major milestone in a long-standing investigation” into the theft and illegal trafficking of such historical artifacts, the agency said in a news release on Tuesday. The coins have an estimated combined value of more than $1 million.
Authorities say that in 2015, there were 101 gold coins salvaged from the 1715 Fleet — a collection of Spanish treasure-laden ships that sank during a hurricane off of Florida’s central coast.
While 51 of these coins were “reported correctly and adjudicated,” 50 coins were not disclosed and were subsequently stolen, Florida authorities say.
Investigations revealed the illegal sale of the coins in 2023 and 2024. Using search warrants, authorities recovered the coins from private residences, safe deposit boxes and auctions.
The agency identified a suspect — a family member of the team contracted to salvage the shipwreck a decade ago — but it is unclear if they have officially been charged yet.
As required by state and federal law, the recovered artifacts will be returned to their “rightful custodians.” Additional information on who the “rightful custodian” of the coins is was not immediately available.
“This case underscores the importance of safeguarding Florida’s rich cultural heritage and holding accountable those who seek to profit from its exploitation,” Camille Soverel, an investigator for The Florida Fish and Wildlife Conservation Commission, said in the news release.
Over the years millions of dollars in gold coins from the 1715 Fleet — in a coastal area stretching from Melbourne to Fort Pierce, known as Florida’s Treasure Coast — have been found by salvagers and treasure hunters.
Florida authorities recover 37 gold coins that were stolen from a nearly 310-year-old shipwreck
Authorities have recovered 37 gold coins that were stolen by salvagers from a nearly 310-year-old shipwreck off of Florida’s coast.
NOTE: the article is from Nov '24 but it does make an interesting point to consider when it comes to government "meddling" when it comes to what might be reclassified as collector items or artifacts.
A. Government is often greedy and corrupt.
B. Its PMs, everyone wants PMs.
Why I only collect stamps.
Right because..
A. Government is often greedy and corrupt.
B. Its PMs, everyone wants PMs.
Why I only collect stamps.
Of course. And I'm just a landlord. LOL Anywho ...
My point being that precious metals (and the form that fiat could take such as digital) are both going to be impacted by government interference and shenanigans just like they currently are. It should be taken under consideration when making plans for future financial security.
Bubble Head
Has No Life - Lives on TB
When I was a young sprout I read everything I could about Floridas Treasure Coast. Dreamed about just beach combing and finding Spanish Gold. Never did it. Maybe I’ll turn that way next after I done heading this way.