Sorry, one more post. Here's an idea, some of which is off the wall compared to standard thinking. With the more than doubling in the price of gold, but not the doubling of everyone's income even with wage rises, in the past five years. Plus massive inflation in the cost of living eating everyone's lunch. People aren't just buying half as much gold, they're buying even less than that. Maybe that's what the central bank buying is about, helping prop up the gold market whilst a squeezed consumer can't buy as nearly as many ounces as are being put onto the market by the miners. Because now they're buying less than half of what they used to be able to. The only solution here to support high spot, beyond central banks, is growth in consumer demand for gold, which isn't happening, because people are buying crypto. If we get a Trump bump in the stock market as industry starts to move again, rich people parking their money in gold, will begin to pull it out. If we don't see an acceleration in central bank buying. The gold price is then going to tank. All this talk of China, China, China is the conspiracy theory. But irrespective of China, the gold market moves wherever it moves I've found when you look back at what the chart's done. The price mostly seems to revolve around Western economic activity.
@@Steve_aka_Fish Vermillion did another video on people dumping PMs to get into crypto, well worth a watch. He mentions that he was talking to a long established dealer who was saying the same thing.
I’ve been pumping the brakes on gold purchases and more or less stacking less silver on a monthly schedule. Most of the stacking channels I watched regularly have gone into hiatus. I miss the action, so I’m investing in dividend stocks and watching some of those content providers on TH-cam. I need the mental distraction and fun it provides. If the market crashes next year or soon after, no worries. I’ll just buy more. Already have a great work pension to look forward to when I slide down the brontosaurus in ten or so years. I’m highly optimistic about the direction of our country in these next four years and secretly enjoying how apoplectic my higher education colleagues are on a daily basis. 😂 Watching the woke squirm is the cherry on my sundae! 🍒🍨 Just my .02 cents. Great topic! (And LOVE the rocking chair soliloquy at the end! Like a guru philosopher. Keep rockin’! 👍🏻)
I am with you on dividend stocks. Been working on accumulation myself. Merry Christmas brother! I gotta show something for you next Bible reading video!
When Gold broke $1000 it never really came back down. When it broke $2000 it really hasn't either. When it breaks and holds over $3000, I expect the same. I'm getting to close to that 100 pieces to quit now. Yes I'm still working on that, how many years later? 😂👍 I don't think it will drop that much because of the way Russia, China, India etc are buying it. If it goes ON SALE...they will just buy more.
Given a long enough time horizon, it does seem everything goes up. Gold pulled back from $1900 - $1100 from 2011 to 2016, a roughly 42% decrease so it is not without precedent but I hear you and you might be right. This run up though it has had is unprecedented and I feel deserves a bit of patience for me atleast. Others might just love stacking gold regardless the price. I get it. .. i am enjoying all the conversations on this video!
Thank you for sharing your thoughts! I'm optimistic about what Trump can do as well. That said, inflation is still not under control and the current administration is doing it's best to leave the place a dump before Trump can take office on the 20th. No saying what surprises are around the corner.
I understand your reasoning behind your thoughts on the matter. Now you got me thinking, should I take some profit 📈 and buy on the way down? I actually started watching this video prior to going to bed, and now that it's very early in the morning, gold prices are beginning to rebound. So, as I time traveling through this video, I still have questions in my mind. Darn you Fish making me think. Now with the end of the video I completely agree. The lord is in control and what ever happens in the world I know 🙏 my focus needs to be on Jesus.
Silver Seeker headline, "Silver Demand is Plummeting - Bullion Dealer says THIS is Why!" Vermillion is also talking about people dumping silver. Premiums are getting lower (at least in the US dang it, not here).
@dleetr i aint trying to be the Seeker! Lol... just thought id get some discussion going which i did and i enjoy it, alot of smart opiinions and perspectives in the community
I hardly got any time buying at affordable prices annoyingly. Started three years ago, so it grinds my gears a little looking at the price chart which was just leaping up unendingly with no pullback. Especially being a stackollector, wanting to add this and that thing.
Excellent vid! I'm with you all the way about our country. I'm not worried at all about pm prices. I'd much rather have a better economy. We all need God's help right now! Bless you Fish 🙏
Just bought more gold one sovereign and six ounces of super pricey silver. i don't see how these prices make sense relative to what gold has been doing over the decades and even if you take into account inflation (with inputs for mining like labour and energy which haven't even moved more than a few percent, let alone doubled in the past five years). But still i've got targets to meet in terms of stacking goals and it's an each way bet to keep buying.
@@Steve_aka_Fish It's my first classic modern sovereign. 1891 old head Victoria Sov. I've got some modern proofs and bullion. Cool thing and in reasonable nick despite the age and the little bit of dirt build up. It did made me think though, with the Royal Mint going back to golden coloured sovereigns from 2026, that the original sovereigns aren't that golden either, well compared to pure gold. It's colour is comparable to say the 20 Franc. Still at least they won't be bloody 'pink' gold anymore.
The amount of gold you're already holding, you can afford to wait. It'll pay off royally if you do and if you're wrong and it keeps going up or sits around where it is now, well as a percentage of your stack, it's not a great lost opportunity.
This was enjoyable and thought provoking. You were really making me optimistic about my graded comic book purchases. I bought in while the market was down 40% or so while all other markets were up substantially. Comics typically go up in good times with other risk assets. Bitcoin too 😁 I like the idea of a response video to this one 🤔
Yes! Response videos waa the goal! Create conversation 👍 ... i gambled 3 or 4 years ago on Old Man Hawkeye comics thinking they would make an Old Man Hawkeye series for the MCU... I dig comics but never made a dime on them. I like your graded ones.
You have been saying there will be a substantial dip for a while now. Currently, I am still searching and buying certain pieces but I am really looking forward to backing up the minivan to stack some weight!
Here we go... All aboard the Trump Train, choo choo!!!!!! I hope we get a good run for the next while for sure. Pretty hefty pull back... that's a bold prediction my friend! I can see $24 Silver & $2,000 gold, but feel like premiums won't let it get any lower than that. Feel the pain to see the gains! So what are you saying, sell my metals, don't stack metals??? Hahahaha... Good talk my friend, i'll vouch for ya, you're always ahead of the curve... What's that, hope for the best, prepare for the worst right... check! They'll fire up the riots soon enough, enjoy this little bit of peace.
@ordinaryman1904 i dont disagree but i get why people would hold on and not sell. Metals arent the same type of asset as say a stock etc... but point taken!
I don't think you're crazy. I'd be happy to see it drop back to $1,300, $1,400, or $1,500. I'd be able to buy a lot more if that happened, so I'm all for it. Having said that, I'm not expecting it to go much below $1,800 when Trump is in office. True, after results start coming in, assuming they are successful at trimming fat & making major changes, it could go lower than that, but there is a lower bound that it really can't drop below for very long. The all in sustaining costs for mining an ounce of Gold are between $1,350 to $1,400, so dropping below that starts to put mining companies in the West on ice, if nothing changes. Even at that point, there are some caveats. China, because they are a top down totalitarian system, will will mine Gold even if it's costing them $3,000 per ounce. That's just the Gold that they'll hold secretly. Right now, the Chinese very likely possess between 40,000 to 60,000 metric tons of Gold bullion, though they acknowledge fewer than 3,000 metric tons. Russia very likely has something like 11,000 to 15,000 metric tons of Gold, though their acknowledged number is far lower. So what really is the real price? We really aren't going to know that until things really do fly apart and these tenuous connections we rely on to keep the veneer of civilization healthy and functioning start going away. I don't know when that is or even what that necessarily looks like. I suspect it doesn't look like a nuclear apocalypse, since we know as Christians, a true nuclear apocalypse of world ending proportions really isn't in the cards before Christ's return, but it will clearly be ugly and relatively long-term (i.e. 5 to 10 years). My suspicion is that it will hold around the 1,750 to 1,850 area, if if falls that low in the first place. I have a hard time seeing it go down much below that at all, and I've been surprised at how well it has held up during the dollar's tear higher. Since the end of September the dollar has gone from just above 100 to over 107 today, and Gold has remained pretty steady during that period. Silver has held up a lot better than I would have expected as well. I thought Silver would drop to $26 by December, after Trump was elected back into office. I even thought it might go down as far as $24 by the end of February or early March. We'll see what happens, but the fact that they'd held better at these higher levels tells me that results from Trumps first few weeks or months in office will need to come in before there is a real move, or there is something going on geopolitically that isn't obvious at the moment. The BRICS currencies and economies aren't doing well at the moment, and it's pretty clear that the U.S. is in recession at this point, so I think we're just going to have to stay in a wait & see approach. I'm a dollar-cost-averager who doesn't bother looking at price. I'm using approximately the same amount of money each month to buy, so I'm automatically buying less when the prices are high and more when the prices drop. With that said, I'm on pace to add more than 1.5 ounces of Gold and 130+ ounces of Silver this year, which is actually pretty good for me. My goal was at least 1 ounce of Gold and 100 ounces of Silver, so I'm happy either way. I'm happy people are happy and optimistic, but I would caution anyone not to make the mistake that is always made when it comes to political outcomes. What is never taken into account is human nature. We are fallen, and while I'm aware that there are some in Trump's administration that profess Christ, I'm also aware that there are many who don't. I'm also aware that he has many many enemies that, like the last time, will be fighting with all the strength they can muster, to derail just about anything that he wants to do. He has 2 short years to accomplish a great deal. If he is successful and can do it without inflicting massive amounts of pain, it's possible that the House and/or Senate won't swing back to the Democrats, but I wouldn't count on that. I've been praying for 4 years now that God would expose the deeds of the wicked and uphold the righteous in the United States, and that appears to be what's happening right now. Like you, I hope that culminates in a lot of good things for our country, but I'm a realist before anything else. I'll wait for tangible results to come in before I decide that he's got more than 2 years, to say nothing of multiple like-minded administrations coming behind him. Go back and listen to Ronald Reagan's famous speeches. There's no one who could have been said to better understand our circumstance back in the mid 1960s into the 1980s than Ronald Reagan, and despite his brilliance and prescience, he made a variety of mistakes and failed to make progress in a number of vital areas that are still plaguing us today. If we think Trump, Vance, Ramaswamy, Cash, Musk, or anyone else is going to come in and do massively better, I think we need to sit down with a cup of stimulant of our own choosing and have a serious talk without optimistic juices about being a little more circumspect when it comes to our willingness to embrace positive thinking over objective facts. I hope and pray that things turn out good, but I'm going to wait and see whether or not they actually do before I get the least bit excited about it. In other words, nothing that has occurred has changed my thinking or focus on the metals, and the fact that they have remained so robust post-election has raised red flags of concern in my own mind. There again though, I'm not going to assume that means bad things until I see actual results. Until I see those results, I will simply stay the course. I stay out of system, to whatever degree I can, on principle. It's based on a false system of fiat, and I'm too risk averse to bother putting any of my wealth into a casino to make short-term profits. I'll just continue stacking cash, metals, and food. If your vision comes true though...great! It's good for me because I can purchase more! I didn't do a video, but I decided that I would go ahead and post a comment. Thanks for the shout out! Great message at the end!
Sorry, one more post. Here's an idea, some of which is off the wall compared to standard thinking. With the more than doubling in the price of gold, but not the doubling of everyone's income even with wage rises, in the past five years. Plus massive inflation in the cost of living eating everyone's lunch. People aren't just buying half as much gold, they're buying even less than that. Maybe that's what the central bank buying is about, helping prop up the gold market whilst a squeezed consumer can't buy as nearly as many ounces as are being put onto the market by the miners. Because now they're buying less than half of what they used to be able to. The only solution here to support high spot, beyond central banks, is growth in consumer demand for gold, which isn't happening, because people are buying crypto. If we get a Trump bump in the stock market as industry starts to move again, rich people parking their money in gold, will begin to pull it out. If we don't see an acceleration in central bank buying. The gold price is then going to tank. All this talk of China, China, China is the conspiracy theory. But irrespective of China, the gold market moves wherever it moves I've found when you look back at what the chart's done. The price mostly seems to revolve around Western economic activity.
@@dleetr very interesting perspective ... PINNED!!!!
@@Steve_aka_Fish Vermillion did another video on people dumping PMs to get into crypto, well worth a watch. He mentions that he was talking to a long established dealer who was saying the same thing.
In turmoil and uncertain times, gold and silver do thier job. In good times, they fall back and idle. Agree
@@TheKANSASKIDD 👍🍻🐟
I’ve been pumping the brakes on gold purchases and more or less stacking less silver on a monthly schedule. Most of the stacking channels I watched regularly have gone into hiatus. I miss the action, so I’m investing in dividend stocks and watching some of those content providers on TH-cam. I need the mental distraction and fun it provides. If the market crashes next year or soon after, no worries. I’ll just buy more. Already have a great work pension to look forward to when I slide down the brontosaurus in ten or so years.
I’m highly optimistic about the direction of our country in these next four years and secretly enjoying how apoplectic my higher education colleagues are on a daily basis. 😂 Watching the woke squirm is the cherry on my sundae! 🍒🍨
Just my .02 cents. Great topic! (And LOVE the rocking chair soliloquy at the end! Like a guru philosopher. Keep rockin’! 👍🏻)
I am with you on dividend stocks. Been working on accumulation myself. Merry Christmas brother! I gotta show something for you next Bible reading video!
Only time will tell Fish! Great points and thoughts. Thanks for sharing
Best wishes
When Gold broke $1000 it never really came back down.
When it broke $2000 it really hasn't either. When it breaks and holds over $3000, I expect the same.
I'm getting to close to that 100 pieces to quit now. Yes I'm still working on that, how many years later? 😂👍
I don't think it will drop that much because of the way Russia, China, India etc are buying it. If it goes ON SALE...they will just buy more.
Given a long enough time horizon, it does seem everything goes up. Gold pulled back from $1900 - $1100 from 2011 to 2016, a roughly 42% decrease so it is not without precedent but I hear you and you might be right. This run up though it has had is unprecedented and I feel deserves a bit of patience for me atleast. Others might just love stacking gold regardless the price. I get it. .. i am enjoying all the conversations on this video!
Thank you for sharing your thoughts! I'm optimistic about what Trump can do as well. That said, inflation is still not under control and the current administration is doing it's best to leave the place a dump before Trump can take office on the 20th. No saying what surprises are around the corner.
I understand your reasoning behind your thoughts on the matter.
Now you got me thinking, should I take some profit 📈 and buy on the way down?
I actually started watching this video prior to going to bed, and now that it's very early in the morning, gold prices are beginning to rebound.
So, as I time traveling through this video, I still have questions in my mind.
Darn you Fish making me think.
Now with the end of the video I completely agree.
The lord is in control and what ever happens in the world I know 🙏 my focus needs to be on Jesus.
I got him thinking!
Great, reasoned insights. I love the closing on the porch today too. :). Love ya brother.
Appreciate that my friend. Merry Christmas bro! 🎄✝️🐟
Silver Seeker headline, "Silver Demand is Plummeting - Bullion Dealer says THIS is Why!" Vermillion is also talking about people dumping silver. Premiums are getting lower (at least in the US dang it, not here).
@dleetr i aint trying to be the Seeker! Lol... just thought id get some discussion going which i did and i enjoy it, alot of smart opiinions and perspectives in the community
I do miss buying gold at affordable prices
I hardly got any time buying at affordable prices annoyingly. Started three years ago, so it grinds my gears a little looking at the price chart which was just leaping up unendingly with no pullback. Especially being a stackollector, wanting to add this and that thing.
Me too!
Who knows? Great points, time will tell! I do miss stacking more regularly. Faith first!
a little 25-35% correction would not hurt my feelings!
I think BRICS has put too much pressure on gold for it to drop back that far.
@fgstacker you are not alone in that thought for sure. I question how much power vs perceived power they actually have.
Excellent vid! I'm with you all the way about our country. I'm not worried at all about pm prices. I'd much rather have a better economy. We all need God's help right now! Bless you Fish 🙏
@stackerMannsrabbithole appreciate you brother!
As Christians we can absolutely participate in these things.
Yeah, I mean even the Amish voted this year! lol
Just bought more gold one sovereign and six ounces of super pricey silver. i don't see how these prices make sense relative to what gold has been doing over the decades and even if you take into account inflation (with inputs for mining like labour and energy which haven't even moved more than a few percent, let alone doubled in the past five years). But still i've got targets to meet in terms of stacking goals and it's an each way bet to keep buying.
@@dleetr i do like me some old gold 90%
@@Steve_aka_Fish It's my first classic modern sovereign. 1891 old head Victoria Sov. I've got some modern proofs and bullion. Cool thing and in reasonable nick despite the age and the little bit of dirt build up. It did made me think though, with the Royal Mint going back to golden coloured sovereigns from 2026, that the original sovereigns aren't that golden either, well compared to pure gold. It's colour is comparable to say the 20 Franc. Still at least they won't be bloody 'pink' gold anymore.
The amount of gold you're already holding, you can afford to wait. It'll pay off royally if you do and if you're wrong and it keeps going up or sits around where it is now, well as a percentage of your stack, it's not a great lost opportunity.
I am hoping I am right, will be interesting to revisit this video in 2 years!
Buy in the RED.....all the way down
@@TheKANSASKIDD yep🍻🐟
damn the fun show is in 3 weeks. crazy how time flies
@@SilverandCigars ALL YOU CAN EAT MEAT!!!
This was enjoyable and thought provoking.
You were really making me optimistic about my graded comic book purchases. I bought in while the market was down 40% or so while all other markets were up substantially. Comics typically go up in good times with other risk assets. Bitcoin too 😁
I like the idea of a response video to this one 🤔
Yes! Response videos waa the goal! Create conversation 👍 ... i gambled 3 or 4 years ago on Old Man Hawkeye comics thinking they would make an Old Man Hawkeye series for the MCU... I dig comics but never made a dime on them. I like your graded ones.
I have had $1800 / $18 in my head for the last couple years. I have a feeling we may see those numbers again.
I can see that!
Its going to be interesting 🍻
For sure!
You have been saying there will be a substantial dip for a while now. Currently, I am still searching and buying certain pieces but I am really looking forward to backing up the minivan to stack some weight!
@EmeraldCoastStacker there has b3en some great and thought-provoking responses in here
I think in 2025 you invest in these 3
1. GOLD
2. TOP 10 asset stocks, invidious, apple, amazon,
3. Cryptocurrencies
Silver is now a liability
I agree with 2 & 3, 1 depends on price (IMO)
Here we go... All aboard the Trump Train, choo choo!!!!!! I hope we get a good run for the next while for sure. Pretty hefty pull back... that's a bold prediction my friend! I can see $24 Silver & $2,000 gold, but feel like premiums won't let it get any lower than that. Feel the pain to see the gains! So what are you saying, sell my metals, don't stack metals??? Hahahaha... Good talk my friend, i'll vouch for ya, you're always ahead of the curve... What's that, hope for the best, prepare for the worst right... check! They'll fire up the riots soon enough, enjoy this little bit of peace.
Just trying to promote some dialogue and thought... people got opinions on this topic for sure! 😂
🐟☝️👊👍
6 month low is $2297. Im gonna hold and see how low it goes.
I like that call! I got a shoutout to you tomorrow on Pirates channel!
Then you should sell your metals now.
Before they drop further.
@ordinaryman1904 i dont disagree but i get why people would hold on and not sell. Metals arent the same type of asset as say a stock etc... but point taken!
@ I’ve already sold two $10 Liberties and am seriously considering unloading a 1oz gold eagle.
To pay off debt.
Trump not winning his reelection is a blessing in disguise…
100%
I don't think you're crazy. I'd be happy to see it drop back to $1,300, $1,400, or $1,500. I'd be able to buy a lot more if that happened, so I'm all for it. Having said that, I'm not expecting it to go much below $1,800 when Trump is in office. True, after results start coming in, assuming they are successful at trimming fat & making major changes, it could go lower than that, but there is a lower bound that it really can't drop below for very long. The all in sustaining costs for mining an ounce of Gold are between $1,350 to $1,400, so dropping below that starts to put mining companies in the West on ice, if nothing changes. Even at that point, there are some caveats. China, because they are a top down totalitarian system, will will mine Gold even if it's costing them $3,000 per ounce. That's just the Gold that they'll hold secretly. Right now, the Chinese very likely possess between 40,000 to 60,000 metric tons of Gold bullion, though they acknowledge fewer than 3,000 metric tons. Russia very likely has something like 11,000 to 15,000 metric tons of Gold, though their acknowledged number is far lower. So what really is the real price? We really aren't going to know that until things really do fly apart and these tenuous connections we rely on to keep the veneer of civilization healthy and functioning start going away. I don't know when that is or even what that necessarily looks like. I suspect it doesn't look like a nuclear apocalypse, since we know as Christians, a true nuclear apocalypse of world ending proportions really isn't in the cards before Christ's return, but it will clearly be ugly and relatively long-term (i.e. 5 to 10 years). My suspicion is that it will hold around the 1,750 to 1,850 area, if if falls that low in the first place. I have a hard time seeing it go down much below that at all, and I've been surprised at how well it has held up during the dollar's tear higher. Since the end of September the dollar has gone from just above 100 to over 107 today, and Gold has remained pretty steady during that period. Silver has held up a lot better than I would have expected as well. I thought Silver would drop to $26 by December, after Trump was elected back into office. I even thought it might go down as far as $24 by the end of February or early March. We'll see what happens, but the fact that they'd held better at these higher levels tells me that results from Trumps first few weeks or months in office will need to come in before there is a real move, or there is something going on geopolitically that isn't obvious at the moment. The BRICS currencies and economies aren't doing well at the moment, and it's pretty clear that the U.S. is in recession at this point, so I think we're just going to have to stay in a wait & see approach. I'm a dollar-cost-averager who doesn't bother looking at price. I'm using approximately the same amount of money each month to buy, so I'm automatically buying less when the prices are high and more when the prices drop. With that said, I'm on pace to add more than 1.5 ounces of Gold and 130+ ounces of Silver this year, which is actually pretty good for me. My goal was at least 1 ounce of Gold and 100 ounces of Silver, so I'm happy either way. I'm happy people are happy and optimistic, but I would caution anyone not to make the mistake that is always made when it comes to political outcomes. What is never taken into account is human nature. We are fallen, and while I'm aware that there are some in Trump's administration that profess Christ, I'm also aware that there are many who don't. I'm also aware that he has many many enemies that, like the last time, will be fighting with all the strength they can muster, to derail just about anything that he wants to do. He has 2 short years to accomplish a great deal. If he is successful and can do it without inflicting massive amounts of pain, it's possible that the House and/or Senate won't swing back to the Democrats, but I wouldn't count on that. I've been praying for 4 years now that God would expose the deeds of the wicked and uphold the righteous in the United States, and that appears to be what's happening right now. Like you, I hope that culminates in a lot of good things for our country, but I'm a realist before anything else. I'll wait for tangible results to come in before I decide that he's got more than 2 years, to say nothing of multiple like-minded administrations coming behind him. Go back and listen to Ronald Reagan's famous speeches. There's no one who could have been said to better understand our circumstance back in the mid 1960s into the 1980s than Ronald Reagan, and despite his brilliance and prescience, he made a variety of mistakes and failed to make progress in a number of vital areas that are still plaguing us today. If we think Trump, Vance, Ramaswamy, Cash, Musk, or anyone else is going to come in and do massively better, I think we need to sit down with a cup of stimulant of our own choosing and have a serious talk without optimistic juices about being a little more circumspect when it comes to our willingness to embrace positive thinking over objective facts. I hope and pray that things turn out good, but I'm going to wait and see whether or not they actually do before I get the least bit excited about it. In other words, nothing that has occurred has changed my thinking or focus on the metals, and the fact that they have remained so robust post-election has raised red flags of concern in my own mind. There again though, I'm not going to assume that means bad things until I see actual results. Until I see those results, I will simply stay the course. I stay out of system, to whatever degree I can, on principle. It's based on a false system of fiat, and I'm too risk averse to bother putting any of my wealth into a casino to make short-term profits. I'll just continue stacking cash, metals, and food. If your vision comes true though...great! It's good for me because I can purchase more! I didn't do a video, but I decided that I would go ahead and post a comment. Thanks for the shout out! Great message at the end!
Take it from one who knows.......I always knew you are crazy! Ha! Otherwise right on!
Hey! I resemble those remarks!