The Fed should time their meetings with a little more consideration for people acquiring precious metals.They should have a meeting before black Friday &cyber Monday 😅
Just a couple months ago, the SPOT PRICE of gold reached $2,787 per ounce. However, no one could find a BUYER to pay that amount for physical gold. Even if one were selling U.S. gold eagle coins, which demand a premium; few dealers would even pay you spot price for them, much less pay a premium. What use is holding physical gold when no one will buy it when prices are high? Same shite different day.
Yep I said if Trump gets in it will go below 25k and silver will go below 30 heading back below 28....IF there is a smooth transition to power for Trump
If you look at the recent historical price of gold, there have been steep temporary drops in the price just before it surges to all time highs. It's just the calm before the storm. Hang in there. 💪👊
Really curious to see what will take for gold to break $4000 (cad since I'm in Canada). It keeps lingering around there but hasn't hit it yet. It's interesting how that happens.
Equity market drop 20%+...Gold bottom is $2500...Gold rebounds to $2885... Equity market is a rollercoaster to the downside in 2025. The market is Overvalued and market sentiment is at all time highs ....
@@FrancoM7747 Correct. Which means that the correction is based on the relative value of the dollar and not much else. Good for consumers; not as good for investors.
Won't be the first time, Won't be the last. Gold and silver is not an investment, it's a shield for your wealth that cannot be devalued. I've seen gold go down 150 in one day in 2019, this is nothing. To protect yourself against devaluation, spot price is completely irrelevant.
Looking at 5 and 10 day volume profiles, it was easy to see the weakness in the gold and silver markets. Never trust anyone. Go by the markets’ own actions and behavior.
Dips in gold and silver prices after decent runs up are healthy and expected. 2470 will be the low end before another rocket ride to around 3200 by mid 2025 if not before.
Just so you know. After Germany, Poland will tax silver and platin with 23% VAT. After Germany did that (19% VAT), the market noticed a 90% drop in silver trading.
I watch almost all of your content but I should comment more often just to feed the algorithm. Buy the dip. I certainly will. And thanks for another great video brother.
So glad I bought in 2007 and after. I was a supplier to Newmont back in 2000. Good Customer and people. Wish I bought thier stock and physical at $250.
They talked only two cuts in 2025, as you stated, which strengthens the dollar, especially against other currencies. The dollar is going to destroy the financial world in 2025 due to its relative strength. It's not great for gold in USD next year. Gold will probably go up in other country's currencies though. I want to buy more, so I'm okay with it.
I wish there was a decent producer of functional gold jewelry (functional, as in not 24K) that didn't have astronomical premiums like at the jewelry store. I'd be a buyer. Perhaps it exists and I just haven't found it yet.
The next big impact on the price of gold will be when IL Donaldo Trumpo, IL Papa, the best Presidente ever is inaugurated. As I predicted, when Trump won the election, he had a hugely beneficial impact on my Tesla stock for obvious reasons. After the abysmal Tesla event in October I bought yet more stock at $210 and it's currently trading at $444. Greetings from the UK - American politics is so amusing it's entertaining.
![The [Avoidable] Pitfalls You Need to Know on Gold and Silver Ownership](/img/n.gif)
🔥🦅 EXCEPTIONAL DEALS ON ALL AMERICAN GOLD EAGLES!! summitmetals.com (Great deals on everything else too.)
I am a firm believer in history. A couple of things that come to mind- Gold has NEVER been worth zero and republics NEVER last.
Agreed.
American Republic was doing just fine before Saffron Stalin decided he wanted to be president
Work hard. Save smart. Spend little.
Repeat.
🤜🤛
👊
Hell YA!!!!🎉
In summation: price may go up. Price may go down.
Excellent shit
:)
✊
Price goes down, stack goes up.
Expect to gold to dip further, lil. 2500 an ounce before going to 3000
Everything took a hit today!
Sure did. Might still be a knee jerk reaction, though.
Buying opportunity
The Fed should time their meetings with a little more consideration for people acquiring precious metals.They should have a meeting before black Friday &cyber Monday 😅
Oct 1st 2023, gold was just about 1800. So now it is only up 750 instead of 850? In 14.5 months? I'm happy with my gold.
Yep!
Gold was at $1800 about a year ago? I don't remember that.
"Break a hip and buy the dip."
- Charlie Munger
😄
Just a couple months ago, the SPOT PRICE of gold reached $2,787 per ounce. However, no one could find a BUYER to pay that amount for physical gold. Even if one were selling U.S. gold eagle coins, which demand a premium; few dealers would even pay you spot price for them, much less pay a premium. What use is holding physical gold when no one will buy it when prices are high? Same shite different day.
Find a better shop. I know one that has never offered under spot.
That's not true. Maybe just your limited experience. I know for a fact that people sold gold at ATH. Either online, private or local LCS
Suprise!!!, Not. Buy,buy,buy.
Not a surprise. Everyone knew the FED was going to come out hawkish. They had to.
Clearly a surprise to all the traders!
Guess it's just me then 😊
$2587 right now!
🚨
Yep I said if Trump gets in it will go below 25k and silver will go below 30 heading back below 28....IF there is a smooth transition to power for Trump
@ 💯🎯
what should be our next reaction guys ?
@@quyhoang5134 hold on
Buy the dip
Feels rough after grabbing two oz yesterday… only lasts for a min though.
I bought three on Monday 😮
I bought before the dip; you're welcome.
Thank you for your sacrifice!
Don't 'buck' the system, will keep buying on the dips!
Yeehaw ✊
I see nothing but buying prospects
Always great videos.
Thanks!
If you look at the recent historical price of gold, there have been steep temporary drops in the price just before it surges to all time highs. It's just the calm before the storm. Hang in there. 💪👊
Can't wait to buy more gold 👍
Calm before the storm, dip before the flip, diving before the smiling, muffin before the chuffing,.
Really curious to see what will take for gold to break $4000 (cad since I'm in Canada). It keeps lingering around there but hasn't hit it yet. It's interesting how that happens.
Equity market drop 20%+...Gold bottom is $2500...Gold rebounds to $2885... Equity market is a rollercoaster to the downside in 2025. The market is Overvalued and market sentiment is at all time highs ....
Yeah Yeah! We heard that same narrative last year 🙈
Everything dropped. Stocks, metals, crypto, and more!
Everybody was caught off guard on this one!
All except the dollar.
@@FrancoM7747 Correct. Which means that the correction is based on the relative value of the dollar and not much else. Good for consumers; not as good for investors.
Great video brother thanks for the info 🥃🥃🥃
Thanks Nate!
Do I buy at $2587 or wait. No nobody knows!
Never catch a falling knife...let it settle
Last week you wanted a dip here you have it guys enjoy buying
👏
Won't be the first time, Won't be the last. Gold and silver is not an investment, it's a shield for your wealth that cannot be devalued. I've seen gold go down 150 in one day in 2019, this is nothing. To protect yourself against devaluation, spot price is completely irrelevant.
Every market.
Nobody expected the new dot plot matrix!
Except the dollar.
I put a pause on gold buying for a while, might pick up a little
So did I. Or should I say my wife hit pause.
Gold is gonna sail tomorrow or later
Wake me up at the 6 month low.
Looking at 5 and 10 day volume profiles, it was easy to see the weakness in the gold and silver markets. Never trust anyone. Go by the markets’ own actions and behavior.
CAD got crushed today as well.
Gold drops this morning i still have it in my pocket ,,, Bitcoin drops this morning they have nothing! Holding Holding Holding!
Uh no still have the bitcoin lol
Dips in gold and silver prices after decent runs up are healthy and expected. 2470 will be the low end before another rocket ride to around 3200 by mid 2025 if not before.
Just pulled trigger on a BU Saint for $2550....score
Nice!
I told a friend that he could expect a dip when I bought about a week ago. I was a little early with my prediction but here we are. Thanks!
✊
😂 it’s ok ..
Just so you know. After Germany, Poland will tax silver and platin with 23% VAT. After Germany did that (19% VAT), the market noticed a 90% drop in silver trading.
No vat for gold?
@@unaffiliated_x9279 not yet haha 🙂
I watch almost all of your content but I should comment more often just to feed the algorithm. Buy the dip. I certainly will. And thanks for another great video brother.
Diversity is 🔑 gold/silver/platinum/crypto-it’s gonna be one hell of a ride people!
Should I buy gold now or wait ??
About to take a dip into the dip🙂
Damn, just bought another 1/2oz Britannia on Monday😢
Fellow Grimsmo fan, I see! Nice knife and pen 😁
Grimsmo Gang ✊
clear head-n-shoulder pattern in silver suggesting bearish retracement. gold chart not as clear.
Backing up the 🚛!!
Bought 4 buffalos today. Love your channel man! Make another account on pew pews , books, and knives perhaps!?
Nice, and thanks! I'm kicking around something on another channel. Atlas and LMT feel like gold. 😄
@ thank you! Is that the channel name? Sorry I’m special 😆
I'm a buyer. I'm looking at 2590 now. Wait a little longer? Or maybe tomorrow?
Hard to say. Traders might come to their senses!
Uh, I would stick around and leave a comment, but I gotta go somewhere. Nowhere in particular, just gotta . . . GO!
🚀
Im dipping. Dippy Do. You dip we dip😅
So glad I bought in 2007 and after. I was a supplier to Newmont back in 2000. Good Customer and people. Wish I bought thier stock and physical at $250.
Yeah i'm thankful for the dip, Just wish I would have held off from buying gold yesterday 😅
Watching 👀.
well I was on the fence...but the last dip motivated me like a drill instructors gentle prodding...
Ha
So glad I bought a little last week😂😂😂
😄
Me too😂
Wait until after the inauguration
I just picked up a 1/4oz maple for 699 from summit metals. Thanks for suggesting them.
Nice!!
I love Summit metals. What a great place to buy gold.
I love me some Summit Metals.
$2586USD = -59.75% for the day - gold got smashed, it is not likely to recover and may fall to 2300USD
Sweet Liberty.
Such a great design! 🤩
Bought my first piece of gold (Gold Buffalo) 2 days ago…..
Why the whiskey glass so full?
'cause metals got slammed 😊
Buying at my usual rate….lol slow and steady!❤
Interest rates will be near zero by April...the dot plot be darned. Book it.
Just need 1/4 oz😊
Overall direction is still up for now so I'll keep doing what I do
They talked only two cuts in 2025, as you stated, which strengthens the dollar, especially against other currencies. The dollar is going to destroy the financial world in 2025 due to its relative strength. It's not great for gold in USD next year. Gold will probably go up in other country's currencies though. I want to buy more, so I'm okay with it.
I wish there was a decent producer of functional gold jewelry (functional, as in not 24K) that didn't have astronomical premiums like at the jewelry store. I'd be a buyer. Perhaps it exists and I just haven't found it yet.
Send a note to support@summitmetals.com - tell them I mentioned their jewelry offerings to you and you're wondering if they're ready to go.
Buy buy buy
Summit has 1/4 for $706 gotta pick up a few
Hard correction coming. BTFD!!! 3K gold quarter 3 2025.
🚀
It will go lower just wait it will be a good buying opportunity
So inflation will make the fiat exchange paper worth even less .
Are you selling crypto for gold this cycle? Hope you are in sui.
What knife is that??
Looks kinda like a Shirogorov. They make some fancy badass blades. Heretic also has some great knives in my humble opinion.
Grimsmo Norseman - cheers!
Time to buy another oz 😍
Peace! ✌️
Cheers!
👍👍
Kamala lost that's why
Im not complaining. Picked up 2 philharmonics today. Unfortunately, on the way home, i was robbed, so i no longer have them. Sry, IRS
. 😂😂😂
IRS: I don’t care 😂
EoY $3K oz let’s gooooooo lulz 🤣
BRICS lead, I follow. Keeping it simple.
bullion banks having fun selling paper at COMEX not going to break the trend though
The next big impact on the price of gold will be when IL Donaldo Trumpo, IL Papa, the best Presidente ever is inaugurated.
As I predicted, when Trump won the election, he had a hugely beneficial impact on my Tesla stock for obvious reasons. After the abysmal Tesla event in October I bought yet more stock at $210 and it's currently trading at $444. Greetings from the UK - American politics is so amusing it's entertaining.
Bitcoin took a hit to.
I wonder how much the rush into crypto is affecting it today?
Well, there was a big rush _out_ of crypto today.
@@2is1goldBigly
@2is1gold Wow. I saw lots of Doge action. I can't keep up anymore.
Crazy times, opportunities.
YeeHaaa here comes the debased gold and silver, economy will be better with to $50 gold and $1 silver, and $200,000 Bitcoin
Silver in $19’s by summer.
First
🏆🚀
Well done sir!