Where Is The Bottom For Gold?
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- Опубліковано 30 вер 2024
- The Next Moves For Gold looks like more room to the down side. Especially if it breaks $1800 its more than likely heading back to the $1680 range at worst. Having some cash set aside is extremely important right now. The only thing I see stopping golds fall is some sort of war outside of the Ukraine/Russia war. We will have to just sweat it out.
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Be smart and patient. Manager your emotions and buy with confidence knowing you've done your research. Wealth is made in the bear cycle!
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Nah, I mean... You're right!!
I'm a lot less concerned about prices than I am about acquiring ounces. Never been good about timing the market. As long as you have ounces, the rest will work itself out.
So true Eddie and the flipping of platinum and palladium 👀
@@SilverBritches
☺
Personally, I don't see it going below $1750 for gold, $19.50 on silver.
So hard to know for sure.
@@SilverBritches True. Depends on what happens around the end of next month, a 25 bps vs. 50 bps rate hike.
Works for buy buy buy whenever under whatever purchase price threshold is based on your own thesis
I hope it crashes…then I can buy much more metal for my money every month. 🤘🏻😎🤘🏻
@@patrickbissonette4889 Based on my thesis, buy buy buy when the price drops below the SMA-200. Buying a little here and there right now is fine, but I wouldn't "back up the truck" until then.
I agree with you. Stacking cash and waiting for now. Remember this is a journey not a destination. The road goes uphill and downhill .
That’s so right!
I am with ya...patience! Sure wish we had that crystal ball! My thinking (2 cents, which means nothing) is $1700 as the low spot, but who the hell really knows! Damn nice display case!
Wish we all knew but the general consensus is we’re going lower except for the pumpers.
A bought a little bit on this recent dip I’ll buy some more at the next fed report in mid-March. I’ll probably continue to buy pretty slow and steady as Silver goes sideways and up a little bit until July then I’ll just watch it rise when the Fed pivots. .cool box!!
Great to see you again Eli!
that's a nice display!
The rate hikes could push gold higher yes...
what about debt ceiling? the longer that can gets kicked, could that lower the value of the dollar?
Yes it will lower the dollar. The same thing happened in 2011.
$1650 gold; $12.50 silver.😎
$12.50 silver wow!
Let it come down! I started when gold was 1100 and silver was 12 bucks!
I’ll take that!
You should keep that as a background prop
I’ve been considering it!
👍
thanks bro!
Very Buojee 💰 🤑 Indeed 🍾🍾
I dig it 😎
Buyers beware 😆
Good advice hold the line, keep that dry powder on hand. Thanks for consistently awesome content. Respect.
You bet
Nice! I instantly new the box was for EDC. Great idea to put your metals in. Glad to see your videos!
Appreciate it!
You got a great collection, Clean Money.
Thanks!
Do we all agree premiums are too high?
Unless you’re somehow on the receiving end.
Then there is manipulation.
Have we considered our present government placing a tax on our metal’s?
Then a registry, if your caught selling to the wrong person it would be confiscated on the spot and jail time?
Reporting your metals annually and taxed on your holdings?
Does anyone have heartburn?
Go Brandon…
Its why I switched to gold primarily. I pay no taxes on metals in my state.
We don't know where the price will be at any point in the future. People need to follow their gut. Make their own decisions. I personally agree with you about price. Its going lower. I have been wrong many times before. I think waiting until summer would be a good idea. Like Jun or Jul. Save up until then. Make one large purchase. Its a gamble that could pay off. Learning to be patient can be rewarding.
The summer sell off is always the best time to buy according to history. I see no reason this will change anytime soon.
Nice display case if you're into uploading videos, but for most of you it had better be made of 3-inch steel and buried in the basement.
Strictly a show piece and not a security measure 👍🏼
Really beautiful collection
Thanks a lot
I like those Perth dragon coins. I think next year is the year of the dragon again.
It is. Hopefully they release in September 🤞🏻
Holme & Hadfield make great stuff! I have the coin deck and some for knives. Cool company!
Yes they do and was literally torn between walnut and black. I think I’ll get the walnut for my nightstand essentials.
Dude, that's a sweet display case!
The walnut version looks good too.
The walnut version looks good too.
Be nicer with a lock 🔐
No doubt!
@@SilverBritches still sweet & slick.
If I have cash I find a way to spend it
So does my wife 😆
@@SilverBritches 😂
I always find it funny when people that stack Silver and gold, hate cash so much. It doesn't make any sense to me, because those are going to be the same people that will have to sell because of not holding enough cash on hand in case of an emergency situation. You still have to have some of that dry powder on call just in case. I don't know about anyone else, but I don't want to have to sell because I didn't save enough fiat.
I don’t understand it either. Drives me nuts if I don’t have contingency plans in place.
I didn't know that you have/like gold Maples.Yeah, the prices are probably gonna tank even more/again, especially since I just placed another order.🥴
😆😆
@@SilverBritches 😱
Will a slabbed coin fit under the glass lid?
I tried and it’s a no go unfortunately.
Dang. Appreciate the feed back.
I'm looking forward to lower prices but I'm not expecting $1600 or anything absurd like that. I'd like to do some buying again. I've bought almost nothing so far this year (I've bought less than you have) in the hopes that I can time it better than I have the last couple of years. I guess we'll see what happens. Thanks!
Low $1700s is a solid start. Sub $20 silver easily.
Great video I hear ya on the grinding My friend, keep up the great work. 👊
Thanks! Will do!
@@SilverBritches Your Welcome
Harry Dent says $700 gold but now he is clarifying a drop in gold will be soon followed by gold going parabolic…..to levels we’ve never seen, like $12000 gold. The flaw in his $700 gold theory is the demand is way too high. Gold drops $50 and it sells out in minutes, so how on earth can gold drop to $700 without selling out in seconds? I’m not alone when I say I’m buying every time gold drops. But right now I’m looking at the next rate hike and I’m gonna wait for their next bash down of gold and silver. My goal is another 5 ounces of gold for 2023 and another hundred ounces of silver. I’m actually going to propose a silver payment for our rental. If our tenant pays his rent in silver, we will not increase his rent.
I agree with your assessment of Harry Dent. It’s preposterous to say the least. Max dump for gold is $1500. It won’t go lower.
Oh baby, if Gold does drop to around $1,500, I’m grabbing at least 5 more Eagles 🦅, or maybe a Buffalo 🦬 or 2 mixed in there. I’m kinda waiting for around $1,700, which is most likely more probable.
I hoard everything so if it goes lower I'll just hoard more.
I like it Bruce!
Thanks for the information, is it better to buy gold or silver through the bank?
Live in Canada? I don’t have the option but if I did, it wouldn’t be with a bank.
The banks and mints sure feel like a rip off to me. Their products are a bit cheaper through reputable dealers… in Canada the best (online) I’ve found is Silver Gold Bull. I’m on the hunt for in person dealers in Toronto… so far I’ve been pleased with the services of Express Gold Refining Ltd.
Nice new display 👌, I hope you're right and it keeps tumbling down. I'll be adding 😉
Yes sir!
I have been steady stacking cash since June and slipped up and bought 3 oz of gold in the 1600’s. I scratched the itch recently by going to the coin store and shopping for my friends. It worked.
Great job!
I'm in a holding pattern, especially for silver. I'm expecting a bottom of $1700/ounce for gold and $16/ounce for silver. I got fomo'd in silver in 2020. I will not let that happen again. When, it drops enough I will start buying silver again. Right now, I'm just stacking cash and adding more to my conservative 401k profile.
Smart play JL!
Any of you youngsters remember the movie show about the Abominable Snowman for youngsters during Christmas ??? Where the snowman used to sing the song silver and gold, silver and gold !! Remember??? LOOK IT UP cause it used to be a movie that was played for over 50 years on T.V. Lol 😂 The asses took it off so people won't invest in it because they are all so scared that the goyim, which is interpreted meaning "dog," will buy it and find out that it is the only real money that has VALUE !!!!! I remember because I am in my 60's young people. BUY BUY BUY !!! God ALMIGHTY Bless you and keep you safe in Christ I pray 👍✝️✌️
It’s Rudolf the red nosed reindeer and it still plays every year. I think the actual singer was Bert something.
@@SilverBritches Lol 😂 You got it son . 👍✝️✌️ Our CONSTITUTION says you shall have nothing but Silver and Gold coinage as money period !!!! These socialists communists have been brainwashing WE THE PEOPLE for over 40 years !!!
@@SilverBritches Burl Ives, baby! (He also sang, “Have holly, jolly Christmas”…) 🎅
@@theenglishprofessor8411 that’s it thanks bro!
Personally I'm hoping for sub 1700's and sub 20 for silver but not sure. Regardless the price, Im buying every month so the lower the price goes the better. I do keep $4000 on me just in case something crazy happens and I get to pull the trigger on a buffalo and eagle if it was to be around 1600. Id rather DCA each month and see that I paid a little more than the next month then miss out on paying these prices if it was to rocket.
Dollar cost averaging always best policy. I’m getting pickier with age apparently 😆
@ptaeiy when you look at it in that perspective absolutely but I have zero interest in trading or selling. I look at the overall macro market and try to see where gold is going before retiring.
@ptaeiy not retiring anytime soon. Just looking out a little further.
Pretty good message, I like it. DCA is a pretty low-brow concept that encourages people with low level shopping addictions to continue to indulge in their impulsive behavior. Precious metals are a long game for me, so I can wait on a longer time-frame to buy on sale or at more favorable prices, making larger purchases when I do.
Now that my stack is plentiful I have the ability to wait it out the same as you.
It's hard to say what is the bottom for gold, Clean Money. As long as the US dollar remains high and there is manipulation by the Fed and major financial institution, gold spot price will continue to fall. I am hoping the price rises, so I can sell some of my gold.
Ready to get out huh? Nothing wrong with that sir.
Charts say some support at current levels, $1810. Next support level around $1755. Strong support in low $1600's. With economic bad news coming out daily..hinting at larger than anticipated rate hikes..we'll see mid 1700's is my guess. If Fed increases half a point at the next meeting, and hints at another that large...welcome to the $1600's again.
He’s got all the ammunition he needs as far as economic data they look at, question is how high can he raise the rates before things actually get horribly bad?
The bottom is way beneath us. I won’t be catching falling knives. Great video and cool display bro!!
I think it’s going lower. End of year is a different story.
Love the coin display case, thanks for showing us!
You bet Gary!
I have bought around 25% of normal and stacking green in the same hopes. We all shall see what the roll of the dice turns up. I like you believe we will see a dollar spike after next meeting. Let the games begin from another blue collar worker. Stay blessed amigo.
Same to you Glenn!
ive thought about that too. i’ll still cda some. probably a britannia bar and some 90% next week just so i’ll have something in the mail but hold most of the cash back for a bigger possible purchase in april. nice display box
Sounds like a good plan Silas!
Oh Boy, You Fancy! Mr. Bad & Bougie! LOL! Sometimes, we just gotta splurge, especially when you have a gift card...very nice display case! Dare I say,, it's really CLEAN? HAHAHA...The Dad Jokes never end over here! All jokes aside, on Friday I shared with my Discord folks that $1680 was my target number, so I guess that makes us geniuses. I also suggested $1750 was a good place to dabble a little bit in case it doesn't make it that far down. What do you think about? I know it's a lot easier for us to be patient because we're comfortable with our stack and $1680 is about us being greedy..bwhahaha. Be well brotha!
Well I am certainly glad that my minimal brain capacity was in the realm of the professors all mighty numbers! Looks like we are going there but I won't hold my breath at all. Question is, will we be able to take advantage or will the dealers move the goal posts as usual?
@@SilverBritches They will try! We should fully expect premium shenanigans with silver...Gold held pretty steady last time. Buckle up, it will be a rollercoaster ride.
@@StackersU yes sir!
Buy more
Great video. Thank you, CM.
Thanks MDH!
I’m a blue collar too … Truck Driver … Work hard & do a few side hustle’s … I keep all my paychecks to stack cash … One hustle is donating plasma which I take all that money for the pm buys … By doing that I most likely will never have to emergency sell my stacks … So far it is working great cos that plasma is never ending & it pays pretty damn good …🌎🗿™️
I work with a bunch of people who donate plasma. Pretty legit side hustle.
@@jennc8554 at the height of the virus guys I work with were getting $600 a month.
@@SilverBritches wow! crazy
Totally agree sometimes you just gotta sit back and watch..not easy but sometimes the best thing to do..just feeling like this will be a sideways or even down year
Definitely feels that way to me too.
I try to focus on numismatic coins while waiting for bottoms.
I like that because they are not affected by spot price fluctuations.
1200 gold and 15 silver
Hate to say it but, considering selling my silver at a massive loss
Ooofff that would hurt for sure.
Silver is always a loss...you'll learn. Lol
😂😂😂
Gold to 15-1600
Let’s go!!
CMG, remember that patience is the key 🔑! I feel somewhat confident that we should see Gold get close to $1,700 this year, and scooping up another handful of ounces is in order. $3,000 by the end of the year is a pipe dream, and a click-bait scam, because as we all know, the Central Banks will just smash spot price down by shorting it by purchasing a couple hundred tons of paper Gold.
The pumpers are relentless, stay humble and stack on.
Fed can only raise another 3/4-1 point before the government debt payment is unaffordable. I'm preparing to pounce though 🪙
I agree which is why I am holding until we get closer to the low $1700s.
I've been holding onto cash for 2 1/2 or so years now. I stopped buy when spot and premiums went up .
Smart move!
@@SilverBritches yeah, I'm sure I've said it before on you're videos 🤣 but it's been along time man very long time. For my birthday or Christmas my wife or family buys me some 10oz bars as gifts so I haven't completely stopped receiving silver. I just couldn't make a purchase after adding up the totals. I would have given away thousands of dollars in premiums over the past 2 years + to the online dealer's And I'm not ok with that so I went completely cold turkey on purchasing .