I have profited quite nicely from the record breaking year gold and silver has had. Silver especially.
Seeing the drastic climb recently begs me to think about correction and what the major factors are that historically have led to a price drop in these metals.
I understand the conditions which lead people to buy, but do they typically sell? When the world stabilizes does the value decrease?
Commodity corrections, Gold/Silver?
byu/ProcedureStriking515 ininvesting
Posted by ProcedureStriking515
4 Comments
here is your answer: nobody knows & financial crises 🙂
I sold SLV, i made a great profit but missed out in the last 10% which seems crazy. GLD has some room. I think if AI crashes, silver does also. Gold I think will still be the preferred safe haven.
Back before your time, the main use for silver was for developing photographs.
Along came digital photos and that demand went away and silver collapsed.
Now, silver is a good conductor of electricity and is used in solar panels.
If solar panels go away, silver demand dries up.
Unless we have to fight werewolves.
Gold will skyrocket when Trump usurps more of the fed board and makes the Hawk Tua Girl the next fed chair.
When the tariffs are found to be illegal, they will have to be refunded with more debt, which will put upward pressure on gold.
When the US inexplicably turns on our closest allies and largest trade partners to cozy up to Russia, Belarus, and El Salvador, more countries will want to break their dependence on the USD, and…you guessed it, gold will rise.
We have a corrupt executive branch, a partisan Supreme Court, and cowards in Congress that are speed running the demise of the American Republic. We have discarded the rules-based international order that took 50 years to build in a single year after an autocratic takeover of our country.
Don’t sell your gold now, the worst is yet to come.