In Full Agreement Posted September 28, 2022 Share Posted September 28, 2022 Even with rising interest rates in the USA I never thought I'd see such low rates. Even gold is tanking. What are your thoughts on the matter? Link to comment Share on other sites More sharing options...
CharlieH Posted September 28, 2022 Share Posted September 28, 2022 MOVED to Banking/finance Link to comment Share on other sites More sharing options...
Popular Post nigelforbes Posted September 28, 2022 Popular Post Share Posted September 28, 2022 I can only answer one of those, Bitcoin will go to zero at some point, I can't speak to the others. 3 1 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted September 28, 2022 Share Posted September 28, 2022 Currencies will continue to fall with raised interest rates. So much for the: gold is a hedge against inflation theme. People have become uninterested in it down 20% now. Turning out to be just a box of rocks? Link to comment Share on other sites More sharing options...
anchadian Posted September 28, 2022 Share Posted September 28, 2022 Just one moment please, I'll try and contact Mystic Meg. 1 Link to comment Share on other sites More sharing options...
Berkshire Posted September 28, 2022 Share Posted September 28, 2022 32 minutes ago, bkk6060 said: Currencies will continue to fall with raised interest rates. So much for the: gold is a hedge against inflation theme. People have become uninterested in it down 20% now. Turning out to be just a box of rocks? Not all currencies are falling. The USD is doing rather well against nearly all other currencies. Link to comment Share on other sites More sharing options...
Woof999 Posted September 28, 2022 Share Posted September 28, 2022 36 minutes ago, anchadian said: Just one moment please, I'll try and contact Mystic Meg. I always found Septic Peg to be more accurate: Septic Peg Link to comment Share on other sites More sharing options...
bolt Posted September 28, 2022 Share Posted September 28, 2022 they will ALL eventually reach the lowest point some will reach it before others Other news the rain will stop raining, when it stops raining Link to comment Share on other sites More sharing options...
spidermike007 Posted September 28, 2022 Share Posted September 28, 2022 The baht really had no fundamental reason to stay so high. And now that it has been revealed that the central bank was propping it up, it is likely they are simply unwilling to continue to throw billions at the currency. I would like to see it drop to 45/usd. Gold and silver will likely bounce back. Too much worldwide demand. I like silver over gold. I think it has the potential to skyrocket when the dollar and the US economy starts collapsing. Which will likely happen in the near term. When that happens, all bets are off. Link to comment Share on other sites More sharing options...
nigelforbes Posted September 28, 2022 Share Posted September 28, 2022 1 minute ago, spidermike007 said: The baht really had no fundamental reason to stay so high. And now that it has been revealed that the central bank was propping it up, it is likely they are simply unwilling to continue to throw billions at the currency. I would like to see it drop to 45/usd. Gold and silver will likely bounce back. Too much worldwide demand. I like silver over gold. I think it has the potential to skyrocket when the dollar and the US economy starts collapsing. Which will likely happen in the near term. When that happens, all bets are off. When you say that it's been revealed that central bank was propping up the Baht, I guess you're referring to the 19 bill that disappeared? In fact that was a revaluation of assets from 30 baht per Dollar to 36 baht, a difference of about 19 billion bucks over 18 months. The story was nothing more than an attempt at political mischief and nothing to do with THB support. But if the Central Bank did do any propping up of THB, which I'm sure they did in limited amounts, that's well within their remit and powers under the IMF managed floating peg system. 1 1 Link to comment Share on other sites More sharing options...
Stocky Posted September 28, 2022 Share Posted September 28, 2022 2 hours ago, spidermike007 said: I like silver over gold. Why? It's not especially rare, I've worked on many gold projects with considerable silver resources, most of them stay in the ground unless the gold grades are economic. If the silver price were to rise significantly, plenty of new production would soon see its value fall again. Link to comment Share on other sites More sharing options...
Walker88 Posted September 28, 2022 Share Posted September 28, 2022 Probably had a good enough run for now. Let it breathe a bit....dead cat bounce, etc., before the next leg. There seems to be a tendency in the market to want to believe all the tumbles have finished, so many anxiously buy the dip. Buying the dip has been ingrained, because it has worked for the lifetime of most market players. If 'this time is different', we'll know in a week or so. 1 Link to comment Share on other sites More sharing options...
HauptmannUK Posted September 28, 2022 Share Posted September 28, 2022 8 hours ago, spidermike007 said: Gold and silver will likely bounce back. Too much worldwide demand. I like silver over gold. I think it has the potential to skyrocket when the dollar and the US economy starts collapsing. Which will likely happen in the near term. When that happens, all bets are off. I'm sceptical about the 'skyrocket' bit. I've held small amounts of gold and silver since 2006. The values oscillate up and down but overall not done me a lot of favours to be honest. The basic problem with stuff that can be dug out of the ground is that when the price goes up it motivates people to dig harder, supply rises and the price falls back.. Link to comment Share on other sites More sharing options...
In Full Agreement Posted September 29, 2022 Author Share Posted September 29, 2022 10 hours ago, HauptmannUK said: I'm sceptical about the 'skyrocket' bit. I've held small amounts of gold and silver since 2006. The values oscillate up and down but overall not done me a lot of favours to be honest. The basic problem with stuff that can be dug out of the ground is that when the price goes up it motivates people to dig harder, supply rises and the price falls back.. Your post is accurate AFAIK. What you didn't mention is how when selling gold assets there's he matter of having it assayed which cost money. Also many choose to have the seller keep possession of the asset until the time of selling which costs money and helps to avoid the assay cost. Coins can help mitigate these matters. And what about appreciation from interest that precious metals don't offer? Link to comment Share on other sites More sharing options...
In Full Agreement Posted September 29, 2022 Author Share Posted September 29, 2022 11 hours ago, Walker88 said: Probably had a good enough run for now. Let it breathe a bit....dead cat bounce, etc., before the next leg. There seems to be a tendency in the market to want to believe all the tumbles have finished, so many anxiously buy the dip. Buying the dip has been ingrained, because it has worked for the lifetime of most market players. If 'this time is different', we'll know in a week or so. What I'm reading is we are just at the cusp of the current meltdown with the full Monty remaining on the sideline for the moment. A week or so ago I read an article in a New Zealand paper which made an argument for this being the beginning of a 2008 crash with the housing market facing a bubble situation. Let's hope the future on the economic front improves. I'm not seeing that at this time. Link to comment Share on other sites More sharing options...
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