SI
SI
discoversearch

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.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (115202)10/8/2021 7:53:56 AM
From: Rarebird  Respond to of 116333
 
Golf bugs are obsessed with market crashes. But when it comes to the Miners and Gold crashing, they are clueless and have their Gold blinders on.



To: Rarebird who wrote (115202)10/8/2021 10:17:58 AM
From: Horgad6 Recommendations

Recommended By
Arran Yuan
bjzimmy
bull_dozer
kidl
Lou Weed

and 1 more member

  Read Replies (1) | Respond to of 116333
 
"Miners and Gold are supposedly down because they are manipulated by the financial institutions who hate Gold"

The manipulation of gold is well documented as I am sure you know. It has been admitted to by the federal reserve multiple times, lawsuits have been won against manipulators, and fines have been paid. The mistake of gold bugs is not in thinking that POG is manipulated but rather in thinking/betting on the manipulation ending or failing soon. That is essentially betting on a once in a lifetime event. Never really the best kind of bet if you are looking for a stable return on your investment. But it works very well as a kind of insurance policy similar to life insurance, fire insurance, etc.

Investing in gold miners always sucks as would investing in an any company that produces something that sells for a price that is not allowed to move freely with laws of supply and demand.