Random Thought Thread

Moorik said:
Precious metals like gold and silver usually rise when big governments and major market players are accumulating large positions.

When ordinary people start rushing into silver or gold, that’s usually a sign of a peak.

Gold and silver tend to stay within the same price range for decades, and then literally within one year, after all that time, they break into a completely new range.

Right now, the $80–110 range for silver is most likely going to last for 10 years or even longer.

Gold and silver are not a hedge against inflation.

Gold and silver are, more often than not, a hedge against profit.

Of course, unless your great-grandfather left you some gold or silver bars.

You need silver and gold if you want to pass value on to your grandchildren — to carry wealth through the years.

Whenever I hear someone say they want to “make money” on gold and silver, I’m always surprised by that kind of thinking.
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Well if you know the top and bottom of where a range will be for 10 years.... couldn't you feasibly buy low and sell high during that time?
 
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Well, I know it's simplistic, Mat, but that's why I limit our equity exposure to under 40% of the total portfolio, the rest being what would be considered "safer" assets under most definitions, but which we already know...nothing is completely safe and there are no free rides. Except for maybe the "G" fund.
 
The time to buy gold was when, after trading higher, the price suddenly went down to $1600 and all the big banks started loading up. Fair warning.

I wondered if JP Morgan getting busted for manipulating gold prices was a factor in gold taking off.

Some Google Gemini info:

JPMorgan Chase & Co. is the most prominent financial company that got busted for large-scale, long-term manipulation of the price of gold (and other precious metals).

In 2020, the bank agreed to pay a record-setting $920 million to resolve investigations by U.S. authorities, including the Department of Justice and the CFTC, regarding "spoofing" activities—placing fake orders to manipulate prices.

Here are the key details regarding this and other investigations:

  • JPMorgan Chase & Co.: Traders at the firm's global precious metals desk engaged in a scheme for over eight years (2008-2016), involving thousands of "spoofing" trades (placing and canceling orders to manipulate prices) in gold, silver, platinum, and palladium futures.
 
shunsui said:
The time to buy gold was when, after trading higher, the price suddenly went down to $1600 and all the big banks started loading up. Fair warning.

I wondered if JP Morgan getting busted for manipulating gold prices was a factor in gold taking off.

Some Google Gemini info:

JPMorgan Chase & Co. is the most prominent financial company that got busted for large-scale, long-term manipulation of the price of gold (and other precious metals).

In 2020, the bank agreed to pay a record-setting $920 million to resolve investigations by U.S. authorities, including the Department of Justice and the CFTC, regarding "spoofing" activities—placing fake orders to manipulate prices.

Here are the key details regarding this and other investigations:

  • JPMorgan Chase & Co.: Traders at the firm's global precious metals desk engaged in a scheme for over eight years (2008-2016), involving thousands of "spoofing" trades (placing and canceling orders to manipulate prices) in gold, silver, platinum, and palladium futures.
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Nnnnnnoooooo.

Stop.

Zero people.... with money would EVER ever ''EEEE VUUUURRRR'' use that money to manipulate a mechanism to maintain and or improve a level of wealth they've become accustomed to.

I mean. Listen to your words you typed just then bro.
 
tinfoil hat timmy said:
I wish I had a cool.... like....

Giant... MECH robot like in Volttron or something.
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I'd settle for the Robotech Cyclone.

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