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Member Run Boards >> Finance and Economics >> The Price of Gold and Silver
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Message started by Boris on Dec 12th, 2022 at 9:25am

Title: The Price of Gold and Silver
Post by Boris on Dec 12th, 2022 at 9:25am
I keep hearing that both will soon explode upwards.

I believe there may be something in it.

It makes sense to me.

All other assets have turned to excrement..

Hi Ho Silver

https://www.youtube.com/watch?v=rZIqg0gBcYM

Title: Re: The Price of Gold and Silver
Post by Boris on Dec 12th, 2022 at 9:28am
https://www.youtube.com/watch?v=jqg2bY2VoCo

Title: Re: The Price of Gold and Silver
Post by Xavier on Dec 12th, 2022 at 9:51am
I invest in Platinum and rare metals, stones.
Gold and Silver is for the peasants.

Title: Re: The Price of Gold and Silver
Post by Boris on Dec 12th, 2022 at 10:06am
The price of Silver is very low

They need it to make Electric Vehicles - and they do not have enough so the price must explode upwards.

It is now $34 an ounce and could well do a Palladium and go to over $2,000 an an ounce.

Peasants indeed

Title: Re: The Price of Gold and Silver
Post by Xavier on Dec 12th, 2022 at 10:08am
And everyone buys into it.
Then out of nowhere - suddenly more Silver appears and the price plumets on all those who bought into it.
Silver is not a safe bet.
It's happened many times before. Same with Gold.

Title: Re: The Price of Gold and Silver
Post by MeisterEckhart on Dec 12th, 2022 at 10:11am
The BRICS nations are investing heavily in gold, (particularly China and India). China's publicly released data on its recent gold purchases indicates its intense interest in gold.

India is purchasing gold as well but those purchases are currently exceeded by its purchases of silver. This is an indication that India is stocking for its increased prominence in the electric vehicle market. A fully electric car requires about 25-50 grams of silver for each vehicle.

Title: Re: The Price of Gold and Silver
Post by Xavier on Dec 12th, 2022 at 10:14am
I'm still seeing 'Electric' as the red-herring.

After the World War. Most things will be running 'atomically'.

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