As Gold Crosses $3,000, A Gold And Silver Update Discussion With Man In America Podcast
The following is a discussion with the Man In America Podcast taking a big-picture look at the gold and silver market and what is currently transpiring therein.
Alternate link:
https://www.youtube.com/watch?v=EVPnqif1Zdo
The gold chart speaks of rapidly increasing energy in the gold space.
Have a good weekend.
Best regards,
David Jensen
That was a very good explanation David.
I specially like a couple of points (Which might even have been expanded more):
-Firstly that 'The Fiat money prices of precious metals is mostly irrelevant because the traded item is derivative, not the actual metal. The same is largely true for all Commodities, where there is only a tenuous connection between the futures price and the price paid by consumers.
-Secondly you mentioned how the prices of materials is often less important than the "Availability". I have based my entire strategy on the "Thousand Mile production": Eg. If a critical product is not created within a reasonable distance the risks of unavailable supply increases exponentially. I refer both to supply chain issues, but also to legal jurisdictions.
Finally, I would like to say that anyone holding or contemplating Precious metals should have a firm plan for "WHY" they want to have gold and silver. Is this purchase 'A Speculation" or "An Insurance Policy"? Digits in the Bank Balance are easy to acquire in a high inflation environment, Real wealth is somewhat more difficult.
Nice seeing the cup and handle pattern materialize.