Gold

NEW -> Contingent Buyer Assistance Program
I always know the top is in when clients, people at the gas station and my uber driver tell me how much money they are making in (fill in the blank)….Real estate, Junk bonds, bitcoin, .com stocks, Spacs, NFT’s and on and on and on…Gold and silver are there…😂😂😂👎🏽🇺🇸

Gold and silver keep hitting record highs. But is the precious metals market ‘broken’?

· Gold and silver prices have struck consecutive record highs this year, but some analysts are warning that speculative flows are amplifying moves.

· Thin market depth means modest inflows can trigger outsized gains, leaving prices detached from physical demand.

Gold and silver keep hitting record high. But the market may be broken
 
Have been buying for 3 decades.

If I add up all the 1oz silver that I gifted kids over the years, can probably buy a new car with cash today.
 
Some of my original positions pre-date Y2K when gold was around $220.00. Back then Gold ran to around $600 then stayed there for 10 years..the next move came when it broke to $1700 during and after the “Great Recession” and there it stayed For 10 more years…it then broke to the $1900 High in 2020 and stayed there for 5 more years….this is the pattern of gold…comes into fashion the stalls for a decade…catch the runs then move on…it is an extremely boring investment.😂😂😂🇺🇸
 
zovall said:
Wonder what awgee is up to :)
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There used to be a gold thread here that Panda deleted, but on it awgee told me how much I was going to regret selling all my gold for $1,600/oz back in 2011 (which was perfect timing). I bought a house not long before that and he also told me what a fool I was for buying because prices were bound to crash a lot more. He was dead wrong. Last I saw, he got banned from the Redfin forums (back when they still had forums) and he kind of disappeared after that.

Even with this recent price surge, gold has returned about 8% since 2011 while the S&P has returned about 14%. Awgee was similar to @irvinehomeowner and @CalBears96. A lack of understanding about market timing cost him dearly.
 
irvinehomeowner said:
LL still hurt from being so wrong this last year or so... crawls into a hole, goes quiet, comes back after he's done sulking and then tries to zing me.

Cry harder... try harder.

Unconstitutional
Tesla global sales
Irvine foreclosure rate vs number of homes
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You've freely admitted that you listened to Larry and got burned, which is why you hold such a grudge against him.
 
…and right on cue…🤦🏽‍♂️😂😂😂👎🏽

Panic grows for Americans who piled into 'safe haven' gold and silver as prices crash by as much as 30%​

After soaring to record highs this week, gold and silver plunged this morning in a blow to everyday investors who had piled into the precious metals this year.

Silver crashed below the psychologically-important $100 an ounce level in the morning, but the sell-off intensified after noon in New York.

Silver was down by a staggering 33 percent at 1.30pm ET, while gold was lower by 12 percent. Both recovered slightly in afternoon trading.

www.dailymail.co.uk

Panic hits Americans who piled into gold and silver as prices crash

After soaring to record highs this week, gold and silver both dropped like stones today. Experts linked it to a decision by Trump.
www.dailymail.co.uk www.dailymail.co.uk
 
Weeeeeeeeee! :ROFLMAO: I love how the paint's-still-wet anomalous blip of a mania price spike above $100/oz has become the "psychologically-important" price floor. If history is any guide, we aren't going to see that "floor" again for 15 years or more.
 
Liar Loan said:
Oh, I don't think so. You sold your rental property way, way too early. Am I right, or am I right?
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What’s way early because since 2013 (or earlier) you’ve said not to buy?

Wrong on that too.

Let’s put it this way, I had to sell one before it went over the $500k limit and the other is “way, way” over that… all appreciating while you kept saying prices in Irvine were going to drop.

Just give up with your lame attempts to poke me. Everyone knows how wrong you’ve been.
 
Ok back on topic off LL’s lies (how did he buy a home before 2011 when he was calling people knifecatchers who bought during that same time frame?).

I’m actually inline with morekaos on the weirdness of gold value. I remember that thread and it was advocating gold due to the worth of precious metals but what drives it today?

I should post a graph of Pokémon card values. 😁
 
irvinehomeowner said:
What’s way early because since 2013 (or earlier) you’ve said not to buy?

Wrong on that too.

Let’s put it this way, I had to sell one before it went over the $500k limit and the other is “way, way” over that… all appreciating while you kept saying prices in Irvine were going to drop.

Just give up with your lame attempts to poke me. Everyone knows how wrong you’ve been.
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So confirmed... You did not do better than my "Riverside" property because you mistimed the market.
 
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