Gold at $1,246 / Silver at $16.47 - Thoughts in the Market of Precious Metals
Looks like the metals are getting a bit of a bump up today. That's always a good thing when they can hold their own against the cartel selling millions of dollars worth of paper contracts on the open market trying to crush the price of both metals. Stable and Solid is what the precious metals are. They will ALWAYS have worth, and you can trust that they will pull through in the Long Run.
I am still looking toward July. I truly believe that the markets in the precious metals sector are going to take off BIG in July. The Dollar keeps joggling up and down like a rag doll and one day soon its going to break. When this "break" occurs then the metals will ride high, and bankers, and the like will finally step in line to buy the real thing (Physical Precious Metals).
To those that are discouraged with what has been taking place in the Precious Metals Markets, take heart. Our time is coming, and it will be coming like a hurricane. Nothing will be able to get out of its way. Rest assured, the paper scheme in the metals market is about to come to a bloody end. Those holding physical will be quite happy indeed.
So, if you haven't already, go buy yourself some silver or gold. Just make sure you have some when the economy hits the fan. Good luck to us all. Go STEEMIT.
Silver is probably the most undervalued Asset on Earth
I don't want silver to go up. I want it to stay down so I can continue accumulating it.😎
I absolutely agree with you @crowe. I think the market has over corrected the precious metals sector big time. I am very bullish on gold as a hedge bet, but I am honestly scared cryptos might start taking a big chunk out of precious metals prices.
Thoughts??? BUY!!!!
This is the greatest time in history where I believe people can become very wealthy when silver and gold correct and the system goes back to a gold standard.
do you believe, the system will go back to a gold standard?! i don't. but i agree, it's time to buy ;-)
I look at the whys of things.
Why is china buying so much gold?
When you look at the world clock and see what silver and gold ratio to the dollar really is, it will knock your socks off!
Here's the link, look at the bottom right side.
http://www.usdebtclock.org/
i know the clock. i think cryptos will lead the way and at least pm's will follow...
i agree.
No. They will do something else. Yet Gold and Silver will go up and correct to fair market value.
we need a real free market first, don't you think...
That would be the free market value right? So then I would say the answer to your question would be yes .
Crypto is here to stay, just which one will become the new king dollar?
Not even bitcoin is 100% guarantee.
What if the government comes out with their own crypto, which is what I believe. But here we go back to centralizing it again.
For bitcoin to work and others banks have to fail right?
No body wants to deal with the corrupt money laundering banks! It's what makes crypto so attractive.
A currency they cannot control.
Unless like I said they come up with their own, join the game and back it with something, and I think it would be gold and silver.
i agree with you, except one point. i don't think, the central banks will back their own cryptocurrency with precious metals, especially the u.s. fed. it might be possible, the russians or chinese will do it, but neither the american nor the european.
Yeah I have the feeling a price uptick is on the way also. Since I just started stacking I wouldn't mind it staying this low a little longer. At the same time the dudes who are sitting on the same price from 10 years ago are probably a tad frustrated .
Thanks for the reply. Here is my latest report. Tell me what you think. Thanks. https://steemit.com/silver/@crowe/silver-usd16-65-gold-usd1-255-precious-metals-report-and-current-u-s-dollar-insights
IMO the precious metals market has been rather stagnant the last 2 years. One would often think that with all this uncertainty in the world, these would shoot up in price. I feel like there are many people online suggesting to buy metals, and even with all things considered the price is not rising. Even with more demand from technology like cellphones, tablets, and other electronics, we still don't see the price rising. The prices are being suppressed currently while some big dogs accumulate. I think sometime in the next 20 years we will see an explosion in value. But I don't expect this to be before the news networks start trying to make people worry about the value of their paper currency.
I am predicting we shall start to see a substantial rise beginning in July, 2017. Things are beginning to seriously fall apart. Paper Currency is going for a nasty ride here soon. Look at what is currently happening in Illinois. Bankruptcy looms. True, manipulation is currently KING in the metals market and that will change this year. I'm banking on it. Good luck.
Thanks for the reply. Here is my latest report. Tell me what you think. Thanks. https://steemit.com/silver/@crowe/silver-usd16-65-gold-usd1-255-precious-metals-report-and-current-u-s-dollar-insights
These are the times to just buy. Don't even look at the price just buy. Precious metals have been going up slowly but going up. Example precious metals have done better than the stock market but no-one seems to be talking about that. If one can cost average then he or she will do good.
Yes, July or maybe August we should hit a final low in gold and silver. After that we should have a very strong move up something like the move in early 2016. 2018 should be the recognition year of a new gold bull market. Keep stacking!
Thanks for the reply. Here is my latest report. Tell me what you think. Thanks. https://steemit.com/silver/@crowe/silver-usd16-65-gold-usd1-255-precious-metals-report-and-current-u-s-dollar-insights
I agree with you on higher prices but I dont believe its time yet to go all in. I just did a new post on the mining shares, feel free to check it out
Quick question crowe why are my posts losing value everyday? Steem is stable and everyday the dollar value on posts keep going down. Could you explain? Appreciate it
keep stacking!
Everytime the price gets slaughtered ,all i can think of is buy buy buy. Yes metals will have their day, i just hope it's not for a few yrs .
Thanks for the reply. Here is my latest report. Tell me what you think. Thanks. https://steemit.com/silver/@crowe/silver-usd16-65-gold-usd1-255-precious-metals-report-and-current-u-s-dollar-insights