Any predictions for gold and silver?

After the retarded despot invoked the war measure act, any predictions for precious metals? I think I might buy some gold today.
silverprice.org/silver-price-canada.html

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Gold and silver are currencies for a non-globalized world. Once the globalized system collapses, the relative value of gold/silver will return to their historical value.

paper gold and silver will shit the bed.
digital gold and silver will shit the bed

Physical gold and silver is where its at. If you don't hold it its valueless as government can just find a wrong opinion you hold and steal from you.

Great. Now how about a shorter-term prediction?

I don't care about price action
If I got some spare fiat, I'm buying gold and silver. Simple as.
Normies will never know the feeling of listening to a ping of a silver coin, or crafting an elaborate and finessed pirate chest to store your shiny rocks
Medieval dukes mire my stack. I'm a literal peasant holding generational wealth in my hands

wont they just mine more

They cannot mine enough of it.
800M ounces of silver and 100M ounces of gold per year is all they can do right now.

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this. based meme flag.

Broke out of a massive bull flag and TWO massive cup and handle formations on Friday. Currently retesting the breakout line. If it holds, it will go to the moon. Nevermind the whole hyperinflation thing.

That said, they have proven that they are willing and able to go full retard, so I wouldn't be surprised if they just forced the ticker price down while making it illegal to take delivery. In that case, physical would completely diverge and it would rise even faster, though you might be arrested for trading with it and/or possession of it.

I like the feeling of heavy drawers sliding in and out when I get a clean pair of socks.

and you get your anual share for 2€
maniac-belly-whole heartedly-kek

$2500 and it will then go down to $800 after which it will shoot to the moon

I will buy gold at around $1000

Elliott waves

but number only go up user

Based.

Bump

I have 1000oz and I still don't think I have enough.

Gold and silver are worthless, they have been replaced by digital gold BTC as a store of value.
Central banks and hedge funds are dumping their gold holdings in place of crypto.
Also we are pretty close to have asteroid mining which will cause the price of gold to plummet even further.

/thread

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Based treasure-chest enjoyer

>800M ounces of silver
Yes and it all is consumed. ALL OF THE SILVER MINED EACH YEAR IS CONSUMED DO YOU GUYS UNDERSTAND THAT!?

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This. Why would anybody buy gold and silver when they've been replaced by BTC as a store of value?

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Cost more than mining btc... More energy intensive too.

It took effort from many nations to keep the internationalist con men from manipulating the price of gold and silver.
It would take a similar effort to stabilize it in the future. A total discrediting of the futures and derivatives markets.

Bitcoin.

The big ones did business in the thousands of chests of silver. You've got nothing on them.

That was a beautiful read. Since you say you are a peasant, got food production going?

sweety didnt we talk about this already? silver is there in bulk and nobody needs it in this quanitiy since its pulled out of the ground when you actually dig for something usefull as byproduct

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While this is probably just sarcasm there are people who genuinely believe that asteroid mining is close. It's doubly silly because it means they are giga-trubo-max fucking stoked and bullish about metals if they think that asteroid mining for gold and silver would happen.

You don't do that for a loss. it would take the entire market cap of gold right now and decades to build the infrastructure to make it viable and the cost and time investment for each trip would be in the trillions.

Which means at minimum gold and silver are valuable enough to spend decades building, spend years traveling, spend years mining, spend years traveling back and finally spend time refining it along with the trillions upon trillions all of these things cost. If you believe that asteroid mining is coming you would be selling everything you own to buy more gold and silver. Because its still decades and decades away and the fact you think its economically viable means gold and silver are undervalued by a faction of at least a thousand and it will be decades before the supply can increase to any meaningful degree.