February 2Feb 2 On 1/30/2026 at 10:07 PM, save the frogs said:Blow it all on gogo dancers before it collapsesBetter than wasting it on property and stuff.
February 2Feb 2 16 hours ago, CallumWK said:If you want to scaremonger you should get your facts right.Silver didn't go from 26$ to 121$ in 2026, neither did it crash 40%Not fear-mongering. But precious metals has been over-hyped as a long-term secure "buy and hold forever and get rich" asset.Why did they crash now? Because Kim Jong whatever his name is farted in North Korea? Like the stock market, there's no rhyme or reason. Clearly, with this latest crash, precious metals appear to behave more similar to the stock market, so buy and hold doesn't work too well.At the end of the day, it's mostly gambling, just as is the stock market.Doesn't mean you can't make money, but it takes effort and a lot of luck.
February 2Feb 2 5 minutes ago, save the frogs said:Not fear-mongering. But precious metals has been over-hyped as a long-term secure "buy and hold forever and get rich" asset.Why did they crash now? Because Kim Jong whatever his name is farted in North Korea? Like the stock market, there's no rhyme or reason.Clearly, with this latest crash, precious metals appear to behave more similar to the stock market, so buy and hold doesn't work too well.At the end of the day, it's mostly gambling, just as is the stock market.Doesn't mean you can't make money, but it takes effort and a lot of luck.Even with the present pullback, my gold and silver coins have done much, much better than my stocks, dividends included. Most of my coins have a numismatic value and are part of my coin collection. Luck, yes, but patience also.
February 2Feb 2 7 hours ago, Hawaiian said:Thais buy more gold then just about anyone in the world. Gold has gone up., so the baht has strengthened against most currencies.Trump has no clue about the mechanics of interest rates. You have given a perfect example of this, and yet not a peep from his treasury secretary or any of his economic advisers. Are they just as ignorant as he is and his MAGA supporters?Are you a professor of Bidenomics, or what?
February 2Feb 2 8 hours ago, Hawaiian said:Survive? Yes, but in what shape. Those who are not prepared will not fare well.Every generation must be TESTED! The recent generations have had it too easy...way too easy....they need to be put through the ringer and had some hard times to toughen them up.Example, the whiny Gen Z and Millennials complain about Boomers, but forget that Boomers who were of draft age in the 60's had a rough time dealing with the fact that if they were not connected and poor and did not have money or the means to get into college or some deferment, that most likely they will be humping in the Jungles of Nam for a year. I feel for those kids in the 60's who at graduation said goodbye to their friends and a lot of them did not make it pass 19. The Boomers went through that and still created great music, culture, technology, etc. So, when my son complain about Boomers, I check him immediately.
February 2Feb 2 5 hours ago, save the frogs said:Not fear-mongering. But precious metals has been over-hyped as a long-term secure "buy and hold forever and get rich" asset.Why did they crash now? Because Kim Jong whatever his name is farted in North Korea? Like the stock market, there's no rhyme or reason.Clearly, with this latest crash, precious metals appear to behave more similar to the stock market, so buy and hold doesn't work too well.At the end of the day, it's mostly gambling, just as is the stock market.Doesn't mean you can't make money, but it takes effort and a lot of luck.Obviously you have a wealth of no idea about what you're talking.There is nothing that will continuous increase in price. At a certain point there will come a correction because some big players take profit, and that may cause a chain reaction. Big investors use computer programs which have automated stop/loss limits set for everything the buy.So if some big boys take profits, those stop/loss limits may get triggered, which cause the correction.Although if the fundamentals are still there, which in this case are the clown in the White House, the price will start increasing again.FYI, January 2025 gold was 42,xxx THB per baht weight. Last Wednesday the price was 81,xxx THB. Friday at closure of the markets you got 71,200 at Hua Seng heng. Right now you get 72,600, so it is increasing in price already.I have significant gold holdings, and my profit declined a lot between Wednesday and Friday night, but I don't worry.
February 2Feb 2 14 hours ago, nauseus said:Are you a professor of Bidenomics, or what?You left out the part of Prubangboy's post that I was referring to, the part where he mentions Trump talking out of both sides of his mouth.
February 3Feb 3 5 hours ago, Hawaiian said:You left out the part of Prubangboy's post that I was referring to, the part where he mentions Trump talking out of both sides of his mouth.I responded to your post. Nobody else's.
February 3Feb 3 12 minutes ago, nauseus said:I responded to your post. Nobody else's.My post quotes his entire post, but looking it over not all of it is there and yours has even less. Not sure why. Sorry for the mix up.
February 3Feb 3 4 hours ago, Hawaiian said:My post quotes his entire post, but looking it over not all of it is there and yours has even less. Not sure why. Sorry for the mix up.No need to apologize. My comment was in jest but I think your comment about who buys "more gold then just about anyone in the world" was wrong because China and even countries like Poland have been huge buyers of gold. I see that the Baht is up against most currencies but it seems that that is relative to these "most currencies" actually depreciating faster than the Baht.Naysayers always say that Trump has no clue about most anything but I disagree. He has said that he wants US interest rates down. That would help the US start to deal with the massive debt problem and the interest on same. Trump has access to a wide array of economic advisers but what that advice may be is not likely to be broadcast to the public. Well have to wait and see.I do think that yout comment about ignorant MAGA supporters, was, in itself, ignorant.
February 3Feb 3 20 hours ago, CallumWK said:So if some big boys take profits, those stop/loss limits may get triggered, which cause the correction.Although if the fundamentals are still there, which in this case are the clown in the White House, the price will start increasing again.Gold Bounces With Silver as Dip Buyers Crowd In Following Slump“The foundations supporting gold today are largely unchanged from those that prevailed prior to the correction,” said Ahmad Assiri, market strategist at Pepperstone Group Ltd., referring to geopolitical risks, expectations for easier monetary policy, and the metal’s role as a diversifier in portfolios.Some banks backed gold to recover, with Deutsche Bank AG saying on Monday that it was standing by its forecast for bullion to rally to $6,000 an ounce.GC=F +6.58% SI=F +12.93%https://finance.yahoo.com/news/gold-claws-back-ground-dramatic-001147611.html
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