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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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UKRAINE CRISIS -- Gold and Silver are SOARING! 1
#27671192 - 02/24/22 04:45 AM (1 year, 10 months ago) |
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Horrible as the crisis is, it moves the markets as people hedge their investments.
Gold moving towards $2000/oz

Gold moving to $26/oz

€1 = $1.13
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The Influence
Free Sheeks



Registered: 03/30/11
Posts: 6,067
Loc: Not Wisconsin
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: Asante]
#27671202 - 02/24/22 05:10 AM (1 year, 10 months ago) |
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Well that's good....people are going to die, but at least some will profit from it
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: The Influence]
#27671268 - 02/24/22 06:50 AM (1 year, 10 months ago) |
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I didnt mean to be ghoulish over this crisis, but I know a lot of Shroomerites hold gold and silver, and might not be aware of the sudden movement.
Also, the rise of gold and silver is a big red flag that people are hedging their investments.
The crisis itself is a bad thing of course.
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Forrester
aspiring sociopath


Registered: 02/05/13
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: The Influence]
#27671269 - 02/24/22 06:50 AM (1 year, 10 months ago) |
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You mean gold moving towards 2k and silver towards 26 
Wouldn't call that soaring for silver, but we all know it's worth more than that manipulated spot price says.
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
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ManianFH
living in perverty



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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: Forrester] 1
#27676294 - 02/27/22 10:14 PM (1 year, 10 months ago) |
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It’s hard to think about it from a profit standpoint when it comes alongside a crisis that affects so many people directly. Trying to think how I would feel in the shoes of a father in Ukraine having to send my family away to refuge and pick up a rifle. Scary shit, and I feel for them.
As fucked as I’m sure the markets have become as a result of this I have scarcely checked my Roth, and I know it’s significantly down. Oh well, could be much worse, could be living in a battleground
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: ManianFH]
#27676543 - 02/28/22 05:26 AM (1 year, 10 months ago) |
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Diversification is the only free lunch.
I typically sit just under 10% in precious metals, and a couple names are doing really well like General Dynamics, and Nutrien.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: Ahab McBathsalts]
#27682053 - 03/04/22 06:27 AM (1 year, 10 months ago) |
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Long lines by the russian ATM's, Russia is experiencing a bank run. The Moscow exchange dropped 30% in value since invading Ukraine. Russia got kicked out of the SWIFT banking system too.
How dare I talk about economics in this time of humanitarian need?
The war machine needs roubles to keep running.
If this bank run precipitates a bank holiday or hyperinflationary crisis, its a serious blow to the war machine.
No more war.
Al Gore.
No more nuclear war.
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: Asante]
#27682080 - 03/04/22 06:49 AM (1 year, 10 months ago) |
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Did you really post the exact same thing three times?
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: UKRAINE CRISIS -- Gold and Silver are SOARING! [Re: TheFakeSunRa]
#27682090 - 03/04/22 06:59 AM (1 year, 10 months ago) |
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Its a post of significant content. They are not topics, just replies in ontopic places.
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