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Thread: Ohhhh Ahhhh Ohhhh! Palladium!

  1. #491
    Great Value Carrots
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by mamboni View Post
    Bought a boat load of silver maples today - caught the bottom too! I’ve been siting on cash waiting for this
    market crash. If the pms drop further I will buy more silver and platinum. These two are outstanding bargains. Palladium has further to fall. Of course gold is always a buy because in the long run it is going much much higher. Silver is my spec play. But a drop down to $14 not impossible. Major deflation ahead.
    Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.
    " If you are on the wrong road progress means doing an about-turn and walking back to the right road and in that case the man who turns back soonest is the most progressive man. There is nothing progressive about being pig-headed and refusing to admit a mistake. And I think if you look at the present state of the world it's pretty plain that humanity has been making some big mistake. We're on the wrong road. And if that is so we must go back. Going back is the quickest way on. ---C. S. Lewis

  2. #492
    Iridium mamboni's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by woodman View Post
    Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.
    Platinum is selling for less than cost of production. So if one has a long term investment horizon he can't lose buying Pt at these prices. But Pt could go lower short term. If Pt drops further I will buy more. I'm retired and I'm trying to protect my nest egg which is 45 percent in cash. Cash is king now and will be for the next few weeks or months. But long term the US dollar is dead currency walking I need to convert dollars into assets that will survive through the coming collapse and monetary reset. I only trust physical PMs at this point. Real estate has two problems: it can and will drop in price and it will be taxed heavily to pay for the government largesse that is coming. Stocks are now in a bear market and will be for years to come IMHO. I don't consider cryptocurrencies a safe option for wealth preservation. Foreign currencies are worse trash than the US dollar. Going forward I think the only viable investments are PMs. a cash business, self-improvement, and useful tangibles such as guns, ammo, food and supplies, tools etc.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

  3. The Following User Says Thank You to mamboni For This Useful Post:

    woodman (12th March 2020)

  4. #493
    Unobtanium EE_'s Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Bitcoin $4,700. Wow, what a plunge!
    Vote Joe Biden!

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  5. #494
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Palladium moving back up on confidence I guess.
    "What Difference, at this time, does it make?"

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    "Because you'd be in jail"

  6. #495
    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Right now Pd 2249 Ag 14.01 ratio is at 160.51
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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