Domain: tiger-web1.srvr.media3.us Gold and Silver Prices | Page 3 | Political Talk
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re: Gold and Silver Prices

Posted on 1/29/26 at 7:05 pm to
Posted by Powerman
Member since Jan 2004
172179 posts
Posted on 1/29/26 at 7:05 pm to
quote:


This got a bunch of down votes but is accurate.

As usual

It's an attempt to boost exports so not necessarily a bad thing

Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21225 posts
Posted on 1/29/26 at 7:29 pm to
Posted by beebefootballfan
Member since Mar 2011
20689 posts
Posted on 1/29/26 at 7:47 pm to
Dollar has been dropping for the last year. Only logical that precious medals are increasing.

The question is, where the floor for the dollar?
Posted by hogminer
Bella Vista, AR.
Member since Apr 2010
10325 posts
Posted on 1/29/26 at 7:50 pm to
quote:

I bought 2 10 oz Silver Bars today for a thousand dollars


Where did you find someone that stupid?
Posted by YumYum Sauce
Arkansas
Member since Nov 2010
9494 posts
Posted on 1/29/26 at 7:57 pm to
Yeah things that didn't happen for 500 (unless he bought fakes)
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21225 posts
Posted on 1/29/26 at 8:10 pm to
Posted by Bamafig
Member since Nov 2018
6307 posts
Posted on 1/29/26 at 8:15 pm to
quote:

You keep showing up to buy chickens with gold and people gonna know you got some


In an Apocalyptic landscape, I would rather have the chicken.
Posted by Penrod
Member since Jan 2011
54045 posts
Posted on 1/29/26 at 8:25 pm to
quote:

Where did you find someone that stupid?

I think he meant $1,000 each.
Posted by KCSilverTiger
KCMO
Member since Sep 2022
1044 posts
Posted on 1/29/26 at 8:32 pm to
I assumed he meant $1000 each, which would still be a good deal.
Posted by Tantal
Member since Sep 2012
19656 posts
Posted on 1/29/26 at 10:27 pm to
My ex-wife treated it like an afterthought in our divorce negotiations. She said I could keep the metals, my pension, and an extensive gun collection if I'd give her one side account that I had. Truth be told, she's probably cashed it out and pissed through every dime. Meanwhile, just the metals are now worth more than the account that I gave her. I'm retiring in 2 years at 54. She'll have to work a half day on the day of her funeral.
Posted by Tesla
the Laurentian Abyss
Member since Dec 2011
9146 posts
Posted on 1/29/26 at 10:38 pm to
Well, Trump called an emergency meeting on Monday with crypto heavy hitters, one of them being Ripple. If you’ve been following that space, they have bought up a bunch of companies to give them access to something like 13,000 financial institutions. Could be crashing the dollar then replacing with Treasury backed stablecoins to end the Fed note. Something has to happen with that mountain of debt needing to be financed. Jamming the Clarity Act out of committee today as well. Maybe a monetary reset on new financial rails? Just a thought.
Posted by EasterEgg
New Orleans Metro
Member since Sep 2018
5410 posts
Posted on 1/29/26 at 10:48 pm to
quote:

It should be a sign that the dollar is weakening and massive inflation is coming, but so far its not here.

It just lagged behind the massive inflation of the Biden era. Catching up now. The dollar was devalued in 2021-24 by a lot. The thing with inflation is it rarely go backwards. A few items may return to normal like eggs and gas. But cars, beef, houses, dairy, etc. all remain high. So while the inflation RATE is back down, the existing expansion remains. And now gold and silver are catching up.
Posted by OccamsStubble
Member since Aug 2019
9609 posts
Posted on 1/29/26 at 10:59 pm to
quote:

It just lagged behind the massive inflation of the Biden era. Catching up now.


Inflation isn’t a rise in the cost of goods and services, inflation is an increase in the amount of currency without any increase in value backing it.

Trump 2017-2021 and Biden 2021-2025 and Trump 2025-2026 have been the same per year average of 2T printing valueless currency
Posted by stuntman
Florida
Member since Jan 2013
10734 posts
Posted on 1/30/26 at 1:07 am to
What's funny about my post, Jake? I'm completely willing to hear/consider arguments that go against my views.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58619 posts
Posted on 1/30/26 at 7:23 am to
quote:

Gold is well over $5,000.00 per ounce. Silver is well over $100.00. Something monumental is about to happen. I just wonder what it is.


It's a few things. Gold has been rising for a while now as the USD's value has been dropping.

Silver, however, was being held down through various efforts (see: "spoofing") but now there have been two events which make that no longer possible:

1. Silver's demand has jumped bigly due to its use in AI data centers.
2. China, the world's largest silver exporter, put a new rule into place on 01/01/2026 that only companies specifically licenses by the Chinese government can sell silver. This has, effectively, put up a toll both on silver sales coming from there.


Somebody's gotta go back and get a shitload of dimes.

Econ 101: When you increase demand and slow supply, price must go up.

On the fiscal front, as others have said this also has a lot to do with the continual $1T+ deficits we've seen since COVID but it goes back a bit further than that. Shoutout to Bass Tiger:

quote:

I knew when the Financial Meltdown of 2008/2009 occurred and all that US taxpayer money bailed out the banks and too big to fail corporations.... the odds of ever getting US debt under control was probably over. And here we are post Covid-19 Psyop and the dollar's purchasing power has dropped nearly 50% since 2008.


Instead of letting banks fail, or even just giving that money to mortgage holders to pay off homes rather than lending institutions, the federal government stepped in and put the money printer in BRRRRRRRRRRRR! mode since then.



***Notice that I didn't say "the Fed," that's intentional because the Fed is only a symptom. While it's program of Quantitative Easing officially ran "only" from 2008-2014, it has essentially continued but we've just started calling it "deficit spending." This is especially true since COVID where we saw annual deficit spending by Congress explode of $1T per year and not just remain there, but being forecasted as "the new normal" as there are absolutely no projections nor pushes for it to ever go back down. For anyone wanting to split hairs on this: there's no functional difference between QE and constant deficit spending you only service.

To go a step further, (as I've posted in many other threads) GDP growth has become completely dependent on deficit spending since the GFC of 2008/2009. This means that if there's enough spending cut to just balance the budget, we would find ourselves in a pretty strong recession. This puts us in a position of being fricked regardless of which option we choose in trying to fix the economy. It's like being on the old gameshow "Press Your Luck" except that every panel is a Whammy.



You can frick over your currency for only so long before fundamentals pop up to remind you why that's a bad idea. You can come up with all the MMT bullshite you want, it doesn't change basic math nor how people perceive valuation and it never will. What does all this mean?

Posted by Jake88
Member since Apr 2005
79235 posts
Posted on 1/30/26 at 7:42 am to
Your "it'll suck for awhile." You must have little invested in the stock market.
Posted by lake chuck fan
Vinton
Member since Aug 2011
22506 posts
Posted on 1/30/26 at 7:46 am to
quote:

Something will crash. Maybe Gold and Silver.


Serious question, what could happen that would crash gold prices?

Seems that with economic and monetary uncertainty, gold would become more valuable.....???
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
33302 posts
Posted on 1/30/26 at 7:57 am to
quote:

To be honest in an extreme apocalyptic setting I would be targeted trying to use it.
In this setting, silver and gold will be worthless also.

The only metal that will be valuable is lead, in the form of bullets.

If you can’t eat it, shoot it, or inject it, it’s not useful.
Posted by cadillacattack
the ATL
Member since May 2020
10274 posts
Posted on 1/30/26 at 8:16 am to
excellent rundown, Bard ….
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
46365 posts
Posted on 1/30/26 at 8:24 am to
quote:

Correct. As a result, the credit worthiness of the US , and US Treasuries has become less desirable by many foreign governments .


Would you have credit faith in a country that let its money be stolen on the scale we see coming out in Minnesota and California?
This post was edited on 1/30/26 at 8:24 am
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