We are not in Kansas anymore, however it is still a long journey to the Emerald City. I think we may see a huge divergence in the price of gold and silver on the COMEX and actual physical metal.
We could see COMEX gold at $1300 but American Eagles at $2000. Just as easily we could see silver below $10 on the COMEX but Eagles still at $30+.
I am not sure how this will all play out but something broke on the Foreign Currency Exchange this week in London. The Bank of England had to bail out a number of traders who lost their shirts gambling away the money of Pension Funds.
So @silversaver888 strap on your silver slippers and follow the yellow brick road!
I am 20 years to my retirement... they better not mess with it here!!! I am so scared that they would.
I feel that we are helpless against manipulators. So I just continue with my dollar cost averaging, and hoping for the best, and so far so good. I deal six, but Here is one of my precious metals portfolio for today:
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That is awesome! The financial markets are in very crazy times. The only thing that is "real" is that which you hold in your own hands. The next couple of weeks should be very telling. The British Pound looks to be toast, taking many Pension Funds with them.
Margin Calls will require forced sales of all assets until the debts are paid.
https://www.reuters.com/world/uk/uk-pension-funds-ask-corporates-cash-after-gilt-blow-up-sources-2022-09-30/
Think about 2008 and what happened to the markets times 10. I can't tell you what to do but I can tell you that I went to CASH in almost all my trading accounts. I will get back in at some point but just like the mining stocks I do not see anything worth holding on the long side.
As of right now, the best advice I can give is make sure the pantry and the freezer are full so no matter what comes our way you can still grill and smoke meats to your hearts delight.
How is your garden going these days?