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In reply to the discussion: SOMETHING is going on in the market. Re: precious metals. [View all]LogDog75
(1,067 posts)6. Good article from CBS
Gold and silver prices are increasing due to the following:
Investors are moving money into gold as a safe haven rather than in currencies that are flat.
Softer monetary policies such as rate cutes .
Central banks are buying more gold
https://www.cbsnews.com/news/gold-price-silver-whats-behind-the-surge/
I don't own gold or invest in it. The only silver I have is in the form of coins I collected when I was a teenager through my 30s. I don't consider them an investment because I just like the look and feel of them. For me, investing in precious metals is too risky because any change in the geopolitical landscape can spike or crash the precious metals very quickly.
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I noticed this as well. Those of us below the top 1% are just held captive to the PTB forces...
hlthe2b
3 hrs ago
#1
Then I'd hold onto that. A lot of the gold we bought in the 60s in Thailand was high carat and low level design ...
marble falls
2 hrs ago
#27
Yes and the rising number of countries joining BCRICS for trade currency is weakening the US
Bev54
26 min ago
#38
It's global data centers and electronics. Silver is a long time artificially suppressed price market
Melon
3 hrs ago
#5
I read this morning Elon Musk pushing cyber currency. What does he need for his
doc03
25 min ago
#39
Yes, I'm just starting to read about China stopping silver exports on 1/1/26.
LuckyCharms
2 hrs ago
#19
I saw that this morning. I have a little horde of silver bits and pieces I've been saving to cash in and it looks like
Vinca
2 hrs ago
#25
Personally, I don't care all that much about the real estate market
RetiredParatrooper
23 min ago
#42