Posted by Clodfobble  4/04/2025 5:48 pm | #26 |
glatt wrote:
Even gold is taking a beating. I don't understand that one.
A lot of gold trading is back-and-forth overseas. At least one major trading show in Germany has just officially been postponed because a lot of attendees (both buyers and sellers) would have been coming from the US. They're expecting more shows will follow suit. It's a huge deal, partly because this is a thing people do for a living so they secure their plane tickets and accommodations for big shows months in advance, but also because, as you implied, usually when stock markets are down, gold is up. People who deal in gold--who tend toward the libertarian/anti-establishment/paranoid side of the political spectrum--don't mind if Trump fucks the stock market, but they very much mind if he fucks the gold market.
(My dad is retired now, but he was a professional gold coin dealer for 40+ years, so I know more than I should about this.)
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Posted by Anon 4/05/2025 11:52 am | #27 |
Neither has the world’s supply of gold reserves markedly decreased in a short period of time nor has the commercial demand for gold markedly increased over a short period of time. The price rise is panic driven by those looking for alternatives to faltering stock values. That goes on for only so long before knowledgeable investors, with prior gold holdings, dump what they have onto the market to get their profit while the getting is good. Seeing that happen triggers a slowdown in buying and gold prices start falling.
There are many ways to have gold: bullion, multiple virtual means, and then there are collectibles among which gold coins have a proven track record. It’s not for neophytes though. Being successful requires years of experience, sheer genius; or nowadays, a well groomed AI to continuously take into consideration all the factors affecting what constitutes investment grade gold coins. Many people think that all gold coins are rare because they don’t see them anymore after the country went off the gold standard. In actuality, most gold coins are not rare and they are worth just their intrinsic bullion (melt) value which is tied directly to the price of gold… which can have significant drops.
These are troubled times for collectibles businesses since many supplement their income from collectible and investment grade items with bullion value (BV) transactions, with individuals, by buying at 15% under spot (gold exchange prices) and selling at spot. That business sector is sizable and the uncertainty in it right now is affecting the overall gold market contributing to making it less attractive.
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Posted by tw 4/08/2025 4:35 pm | #28 |
Those who fail to learn from history are doomed to repeat it. Here we go again.
Stock market crashed in 1929. So wacko extremists passed Smoot-Hawley. A massive tariffs on imports. Numbers only exist when one learns honesty. Tariffs in 1930. A recession converted into a massive depression. When? 1933. Welcome to how economics work. It takes revenge on fools who refuse to learn well proven reality.
That includes the only thing that creates jobs and productive businesses. Innovation. What do tariffs do? Protect the most destructive institutions that then destroy jobs. Corporate bankruptcy or the elimination of business school management does not happen when tariffs protect the nation's least competent. In short, undermine or subvert innovation.
Good luck getting a business school graduate, such as Trump, to know how to make America great. His entire life was to run unprofitable operations while only enriching / promoting himself. Deja vue. Who is the victim this time? Everyone who failed to learn even what the purpose of a business is. Obviously only innovation advances mankind. Makes a productive company.
We know from history, when things will really get worse. Years later. Trouble is, people like Trump then create / invent wars to restore his credibility. He already tried that once. Everyone who averted that war is now on his enemies list.
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Posted by tw 4/08/2025 4:58 pm | #29 |
Even gold is taking a beating. I don't understand that one.
Scammers are playing the most naive (extremists) with disinformation.
Bay Buchanan (sister of Pat Buchanan and right wing Secretary of the Treasury in the early 1980s) is now part of a promotion for a $2 silver coin. As if it was legal tender. They are not marketing to moderates. Only extremists would be so dumb as to think the Cook Islands are part of the US.
Cook Islands were a British protectorate. Now an independent nation in association with New Zealand.
Those coins are marketed to easily conned consumers who then 'feel' it is US legal tender. Buy a clump of silver (quarter troy ounce) worth $7, marked as if worth $2, for $20. Targeting people duped as if precious metals always create a profit. Yes, profitable only for a con artist broker who promotes such myths.
Is probably especially profitable now among the many who are in fear. Justified fear. But fear never justifies actions.
Last edited by tw (4/08/2025 4:59 pm)
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Posted by Anon 4/08/2025 6:54 pm | #30 |
I’m future-proofing my precious metals investments by buying only gold-pressed latinum.
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Posted by Flint 4/09/2025 12:53 am | #31 |
so sayeth the Rules of Acquisition
signature s c h m i g n a t u r e
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Posted by tw 4/09/2025 8:23 am | #32 |
Always invest only in the future. Then wait a few hundred years.
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