Silver and Gold Market Update - August 5, 2024

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  • Опубликовано: 15 сен 2024

Комментарии • 11

  • @Gorbetron3000
    @Gorbetron3000 Месяц назад

    First time viewer. Gave you a like, and subscribed. No one should lose subscribers and be punished for serving our country.

  • @Ed-xq7lj
    @Ed-xq7lj Месяц назад

    Hey Minute Man - thanks for your service! I missed your updates - they’re great! I’m new to stacking g/s and in it for the long run. I exchanged some silver for gold too. Thanks again and be well.

    • @MinuteManPreciousMetals
      @MinuteManPreciousMetals  Месяц назад

      @@Ed-xq7lj thank you for the kind words! Good luck with your continued stacking. Today was a great day to buy the dip.

  • @de_pin5835
    @de_pin5835 Месяц назад

    Marine in my family. Right on for you!

    • @MinuteManPreciousMetals
      @MinuteManPreciousMetals  Месяц назад

      @@de_pin5835 I appreciate it, and the Marine in your family. It is never easy, but it is worth it.

  • @de_pin5835
    @de_pin5835 Месяц назад +1

    August is the typical gold sell off month. Ups n downs.

  • @MinuteManPreciousMetals
    @MinuteManPreciousMetals  Месяц назад

    I was really surprised by this morning's pullback. Were you? DO you see it as a buying opportunity?

  • @accobra4020
    @accobra4020 Месяц назад +1

    Is this a good time to buy silver?

    • @MinuteManPreciousMetals
      @MinuteManPreciousMetals  Месяц назад

      @@accobra4020 that is a great question. For Silver so much is dependent on industrial demand. A recession would likely cause Silver prices to drop further due to lower demand, unless Wall Street investors start to view Silver as a monetary metal. This has happened several times in recent history and could again. If a recession is avoided, Silver should keep marching forward. With that said, $27 dollar Silver today is a much better buy than $32 Silver in July, but worse than $22 Silver in February. If I were looking for long term stability, and protection from de-dollarization, I would purchase Gold. Always try to keep your premium costs down, and have a plan to exit the market if you were absolutely forced to.