Long Position on Silver and Gold?

[MrPrena]

That will in increase many homeless (or some wealthy folks who does that in the morning as an exercise) to become motivated to recycle.

[Gman]

Yeah, I recycled cans when I lived in San Antonio, TX. Was hardly worth the effort. Was much more efficient in OR, but people didn't throw them everywhere. Back in the '80s it was a shock when you saw the total price at the register on a new 12 pack.

[WETWRKS]

Gold is up over $1800 an ounce.

[MrPrena]

Imo gold should be around that level to 2100ish relative to all the damn debt and money printed out.

I blame it on Nixon. <--- funny but true.

[Irving]

.10 a can would be nice from the recycling side, but I imagine it'd make drink prices go up even more.

This is what 205 lbs of crushed cans looks like (except for the three trash bags). That would have paid over $650 instead of the $59 I got.

[roberth]

Imo gold should be around that level to 2100ish relative to all the damn debt and money printed out.

I blame it on Nixon. <--- funny but true.

True, should have never uncoupled gold from the dollar.

Gold is still over $1800

Surprise!!!

Silver is over $21, haven't seen that for a few years.

[MrPrena]

Speaking of excessive money supply and consumer debt...
National debt by presidents.

Whoever next president will be worse. That is how trend is going.

https://www.thebalance.com/us-debt-b...ercent-3306296

[roberth]

Speaking of excessive money supply and consumer debt...
National debt by presidents.

Whoever next president will be worse. That is how trend is going.

https://www.thebalance.com/us-debt-b...ercent-3306296

Buying votes.

Silver is over $22 today, will gold hit $1900 this month.

Oil is steady, 42 WTI and 44 Brent.

[MrPrena]

Buying votes.

Silver is over $22 today, will gold hit $1900 this month.

Oil is steady, 42 WTI and 44 Brent.

Right now gold and silver might not look as attractive as some stocks. When stock market gets a huge correction, many will lose $$ and run to precious metals. That will drive the gold and silver price much higher.
It happened before, and 2007-8 was the best example.

[roberth]

Right now gold and silver might not look as attractive as some stocks. When stock market gets a huge correction, many will lose $$ and run to precious metals. That will drive the gold and silver price much higher.
It happened before, and 2007-8 was the best example.

I like history, thanks!