The Philosophical Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Philosophical Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (25919)	5/28/2025 12:09:40 PM
From: Real Man	of 26251

Profitability increased because gas prices came down while gold prices soared. Platinum, which is a rarer metal than gold, has been stuck at $1000, which tells me gold demand is monetary (from its biggest hoarders, the CBs). don’t know who buys silver, it’s more of an industrial precious metal. Gold is commodity money because it is held by CBs as a reserve asset. Remember how platinum carried a 33% premium to gold in 1990-s? Platinum shows me how much gold can drop in a gold bear market, it will retrace back to 1000 and lower. Coming back to barbaric relic point, there will be no gold bubble again because nobody cares. -g- You can’t eat gold. It’s a reserve asset of last resort, but cbs prefer more liquid assets. CBs are what create the moneyness of gold in the modern age.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next