Seeing gold down -12% and silver down -35% in such a short timeframe feels like a significant market signal (this applies to precious metals in general and even Bitcoin).
Historically, gold and silver are safe-haven assets, so does this point to a violent liquidity scramble??
I'm going to hold onto my silver.
Curious to hear your thoughts and predictions.
With the recent market volatility in gold and silver, how are you viewing the market, and what are your predictions?
byu/love_me_plenty instocks
Posted by love_me_plenty
5 Comments
Gold to 10k in 2 years
I have a lot of cash so I am going to answer from that point of view. Hitting the buy button slowly. Stopping and wait until it goes back up to $100. Good luck.
A 35% silver drop alongside gold sliding hard screams liquidity stress but then I’ve noticed some investors lean toward..
Can someone else give me a good hedge to inflation and a weakening dollar? I don’t see a change to in the world from 2 weeks ago versus today. I expect that both gold and silver will be heading back up in a few weeks.
Gold is up 30% over the last 6 months.
Gold Miners that are now producing gold were in business and probably profitable with a gold price of $3,500. Even if they didn’t hedge, they are still selling at a great price
The price today is still above the low from three days ago. Even at that, gold miners continues to fall. There are some good deals coming.