$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals

[The Punished Mitch]

I've pointed out to many friends who are losing their shit today over the stock market that gold is $3150, has been consistently going up and that they all laughed at my investment decisions.

Same, but for my dad.

He now wants to buy futures, instead of physical metals.

My mother continues to believe that I am the greatest investing genius of all time after I finally convinced her to convert at least part of her retirement savings into physical gold late 2023

 

[gagabobo1997]

my gold is the only thing keeping me alive with the stock market dumping like this

 

[Nicholas Gur]

My mother continues to believe that I am the greatest investing genius of all time after I finally convinced her to convert at least part of her retirement savings into physical gold late 2023

Wish I was as persuasive. My mom has hers in like 9 different cryptos and she has an obligation to hold in the market till at least 2033. Boss Mom Jack arc is coming man

 

[The Punished Mitch]

That's quite the dump there, apparently everyone hates gold today.

 

[VF-1S Valkyrie]

That's quite the dump there, apparently everyone hates gold today.

I wish it could have waited two weeks till I was on the other side of my pay cycle. If I was cash heavy I would absolutely be buying.

 

[Sexy Senior Citizen]

That's quite the dump there, apparently everyone hates gold today.

Almost everything's dumping. I'm guessing the powers that be are shorting the market and want to buy more gold.

 

[VF-1S Valkyrie]

Gold is bouncing back over $3.1k/oz. Silver is also bouncing upwards but still low at the moment. Still, the door is closing, so get through while you can.

 

[Nicholas Gur]

I believe in silver. I think it can hit 100 by the end of the month. Gold just has to push a little more.

 

[Peaches the Wonder Cat]

TLDR: package theft getting bad enough that coin dealers are considering stopping mail order.

 

[John Furrman]

I'm glad I waited a bit. Snapped up some silver bars 1.25 over spot.

 

[Male Feminist]

My mom has hers in like 9 different cryptos and she has an obligation to hold in the market till at least 2033

How does your mom know about crypto? Introduced by neighborhood housewives in some sort of Tupperware party?
What does she thinks about gold? Just a rock that is yellow and you can't eat it?

TLDR: package theft getting bad enough that coin dealers are considering stopping mail order.

Mail order? That's crazy, I'd never think about it. Hey everybody! I'm RICH! Small package but feels heavy, Mr. Postman? That's GOLD, baby!
Even criminals have appetite for gold. Man who stole gold bars from Tampa UPS driver caught trying to flee country: deputies
Especially the Asian one. California man sentenced after Montgomery Co. woman loses over $700K in gold bar scam

Wenhui Sun, 35, was sentenced Tuesday in Montgomery County Circuit Court for his part in the scam, which targeted a woman who lived in the “Leisure World” retirement community in Silver Spring in February and March of 2024.

“Freeman” told the woman to secure her assets by buying gold bars, which would be turned over to FBI agents for safekeeping at the U.S. Treasury Department.

The woman bought roughly $331,818 of gold and eventually turned over five 1-kilogram gold bars to a person she believed to be a courier for the government at a Silver Spring Walgreens location on March 5, 2024.

The driver of the suspect vehicle was later identified by authorities as Neel Patel, who was arrested last August while allegedly trying to flee the county. Patel is expected to be sentenced in May.

 

[The Punished Mitch]

Damn, might get your chance to buy under 3k again by end of day at this rate.

 

[Lone MacReady II]

Ey Tone, how come doz un-electicated bodies like dey CRIMEX gets ta use unback'd printable paper contracts to create volatility in da market? Every day right at 8' deez Cunts do it. Da nerve of em'! We got people dyin' on da streets, satanic black magic ovah in D.C., and deez cunts carry on like nobody sees what dey do. Sick shit Tone! If we set up a racket to shithammer sometin' honest the fuckin' pigs would start squealin'! Our boy Hadrianus really should'a just killed em' all with a Gladius. And now dat moolinyan Trump what lets his baby girl get fucked by kikes is frontin' dat invisible 1s and 0s digital computer shit!? Nah, I don't tink so pal. We gotta give'em bupkiss Tone, just like Sil said... It's da only way Tone....

 

[The Punished Mitch]

When I said end of day of course I meant by lunch

 

[Nicholas Gur]

How does your mom know about crypto?

I don't know she started talking about it after trump 2024 when bitcoin shot up. She understands the philosophy behind metals but she's just not a saver.

 

[Rootless Cosmopolitan]

When I said end of day of course I meant by lunch

You can see from how the stock market is dumping that people are getting margin called. When people use leverage (debt) to buy stocks, the entity they owe the debt to can ask them to post collateral (put up some cold hard cash) when the value of their stocks goes down. This protects the lender from losing everything in stock crashes and basically caps their losses.

When there is a YUUUGE enough crash in stocks, it can pull the value of every asset (incl gold) down temporarily as debtors are forced to sell to put up collateral for their trashy stock loans.

Note that this only happens when people believe the stocks are gonna bounce straight back up. If things look bleak enough, debtors will just say fuck it take all my stocks and sell them lololol. And that’s when the shit truly hits the fan.

 

[gagabobo1997]

Silver is cheap rn

 

[Kujo Jotaro]

Silver is cheap rn

Not cheap enough, I want sub $25.

 

[FedPostalService]

Not cheap enough, I want sub $25.

I want it cheaper than his mum.

 

[vestex]

Silver is cheap rn

So cheap I bought a tube of random silver rounds on impulse.