Silver trades to $50 an ounce
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Silver trades to $50 an ounce
1–10 of 86 posts
Re: Silver trades to $50 an ounce
#2Does this mean the dollar is down, or os this more of a flight to safety?
Re: Silver trades to $50 an ounce
#3Everything is completely normal.
Re: Silver trades to $50 an ounce
#4Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Re: Silver trades to $50 an ounce
#5Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
It's fiat that's going down everywhere.
Re: Silver trades to $50 an ounce
#6Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Inflation is being priced in.
Globally faith in the USD is being lost, and anyone paying attention knows one of Trump's main economic goals is to weaken the dollar. He also clearly wants to tamper with the fed and economic data, which just ads fuel to the fire.
Meanwhile there isn't really a solid alternate to the dollar, so precious metals are default.
Re: Silver trades to $50 an ounce
#7Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Gold and silver is most likely from China buying a massive amount (to decouple from the USD slowly). Unsure about the asset bubble but interest rates are “high” compared to the zero interests days, still low historically. Assets are the best way to wash away inflation (you pay your debt with today money) so could be the reason.
Re: Silver trades to $50 an ounce
#8Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
People are afraid of the volatility of the USD, especially with the expected rate cuts coming up, and preferring to buy gold/silver instead.
Re: Silver trades to $50 an ounce
#9Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Tradfi is increasingly becoming a dog shit product.
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Advent of FATCA means it's hell for normal Americans to bank overseas.
You're basically locking yourself into a tiny box by carrying tradfi products. Most lower middle class people will never notice because if you do things like "receve paycheck, go to grocery store" then you'll never see all the walls built around you. But people with money notice.
Re: Silver trades to $50 an ounce
#10Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Uncertainty. It means that there is a lot of uncertainty about our near future.