will silver and gold surge now that the election is over ? [solved]

******( disclamer do not comment on politics just if you think gold or silver will rise and fall)*****

now with the election over I am hearing a lot of fears and speculations life is going to get a lot harder and the economy is going down a dark path. do you think the economy will recover or are we going into bad times and should we buy precious metals?

ludicrous.

Quote: "legowwwww"​
​******( disclamer do not comment on politics just if you think gold or silver will rise and fall)*****
​
​now with the election over I am hearing a lot of fears and speculations life is going to get a lot harder and the economy is going down a dark path. do you think the economy will recover or are we going into bad times and should we buy precious metals?

​The global economy must hit some rough patches moving forward since it has literally shrunk (less jobs, less transport, less tourism, less productivity) and all governments are spending more with decreased revenues. The way the stock market bounced back so dramatically (& quickly) last March surprised many.

I don't think the US election results will have much bearing (one way or another) but there may be some calm with the announcement of Covid-19 vaccine. This may help, but it won't cure dark clouds from the quantitative easing & mounting government debts, so it will be a temporary reprieve. If there's some global stability (decreased 2nd/3rd waves) & the price of precious metals continue to decrease - that may be a great time to buy.

A new article on the topic
https://m.investing.com/analysis/can-a-covid-vaccine-kill-silver-and-gold-200544133

Quote: "Grinya"​
​A new article on the topic
​https://m.investing.com/analysis/can-a-covid-vaccine-kill-silver-and-gold-200544133

​
Yea, I put a buy on gold exactly after that drop. Obviously a huge overcorrection. I think around £1500/kg is fair.

Quote: "Grinya"​
​A new article on the topic
​https://m.investing.com/analysis/can-a-covid-vaccine-kill-silver-and-gold-200544133

Great insightful read. Thanks for sharing.​

“Now that the election is over” and “do not comment on politics” in the same post is simply setting a trap for those that truly understand the relationship between the two and requires the the Administrators to take action to silence one point of view.
But if one studies history, fiat currency and the monetary policies of the corporation US of A, it is obvious that, as our Constitution states, there is no money but gold and silver.
All machinations to influence natural trends only postpone the inevitable.
The economy will never recover. By design.
We are going into bad times. By design.
Yes we should buy precious metals. I've been saying so since we were able to take Franklin Halves out of circulation for 50 cents.
Some people ask “Who should I trust?”
Others ask, “What should I learn?”

I think the OP should be forgiven for mentioning the election, as only a time stamp, and not intended as political commentary.

The technicians tell us the descending triangle formation continues to gather strength for a plunge, or correction, if you prefer.

here it comes...

Mr. Midnight,
I must give credit where credit is due.
You called that price drop in a very timely fashion.
For my own plan, I consider it a buying opportunity.
And hope that you and others will continue to chime in periodically.

yes, but wait a few weeks to see where the bottom may be.
there may be a dead cat bounce too :/

With no major changes in the gold and silver markets, up or down, this might be an acceptable time for me to add to my previous posts.
I do expect the prices of gold and silver to go up, but I am not concerned about the short term.
That is for Day Traders and Speculators. Nothing wrong with their taking profits, but I am investor.
It is my belief that in the long haul, metals will rise due to the nature of our fiat currency.
Should we be able to revisit this issue at least once a year, it would please me.

I am with you there.
Cost averaging over the long haul still makes a purchase at today's price very acceptable.

Quote: "Kurt53"​With no major changes in the gold and silver markets, up or down, this might be an acceptable time for me to add to my previous posts.
​I do expect the prices of gold and silver to go up, but I am not concerned about the short term.
​That is for Day Traders and Speculators. Nothing wrong with their taking profits, but I am investor.
​It is my belief that in the long haul, metals will rise due to the nature of our fiat currency.
​Should we be able to revisit this issue at least once a year, it would please me.
​
​

​Kurt53 - have you invested in specific platform. Or is it mutual funds

"​Kurt53 - have you invested in specific platform. Or is it mutual funds"
I'm old enough to be considered a crazy old fool.
Thus, I no longer trust paper investments, or rely on anyone but my local coin dealer.
I like silver US coins. And as I said earlier, when in the mid '60s I could take a silver half dollar out of circulation for 50 cents, I did so.
Today they have a melt value of almost $10. Those silver coins are stored in a vault and have little collector's value. And there were times I couldn't afford to buy coins, but when I got back on my feet, I would buy one silver dollar each pay day.
Each person has to decide what is the best investment for their own situation, but I found that common precious metals works for me. The time required for an education on the subject is rather short compared to other investing plans, and the reliance on someone else's expertise is thus reduced.
Some people ask, "How many of my hard earned dollars will it cost to purchase an ounce of silver?"
I ask, "How many of your paper dollars can I get with my ounce of silver?"
Silver and gold are the real money, and Federal Reserve notes are just an IOU from a company.

A good starting point might be G. Edward Griffin's presentation on the Federal Reserve.

The Creature from Jekyll Island

Quote: "Kurt53"​"​Kurt53 - have you invested in specific platform. Or is it mutual funds"
​I'm old enough to be considered a crazy old fool.
​Thus, I no longer trust paper investments, or rely on anyone but my local coin dealer.
​I like silver US coins. And as I said earlier, when in the mid '60s I could take a silver half dollar out of circulation for 50 cents, I did so.
​Today they have a melt value of almost $10. Those silver coins are stored in a vault and have little collector's value. And there were times I couldn't afford to buy coins, but when I got back on my feet, I would buy one silver dollar each pay day.
​Each person has to decide what is the best investment for their own situation, but I found that common precious metals works for me. The time required for an education on the subject is rather short compared to other investing plans, and the reliance on someone else's expertise is thus reduced.
​Some people ask, "How many of my hard earned dollars will it cost to purchase an ounce of silver?"
​I ask, "How many of your paper dollars can I get with my ounce of silver?"
​Silver and gold are the real money, and Federal Reserve notes are just an IOU from a company.
​
​A good starting point might be G. Edward Griffin's presentation on the Federal Reserve.
​
​The Creature from Jekyll Island
​

​You are a man with a plan.
Nice to hear that you have kept aside the silvers.
I do agree - this way of financial management doesn't require someone else's expertise.