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The stock markets are down 10% this week, and likely to be down further in coming months.

Gold and silver are wandering like a pair of drunken sailors.

Platinum is down to nearly half of the price of gold. Platinum has for the past century been more valuable than gold. I think it's a fundamental that will hold.

I've taken the opportunity to use this week's investment funds to buy platinum.

Has anyone taken advantage of the platinum drop? Thoughts on the markets or metals.

I like the drunken sailor metaphor, takes one to know one.

I just heard on aljazeera business news. China's GDP growth rate is expected to slow to 4.5% in the first quarter. this is a 50% drop in growth.

I'll bet they catch up for the year.

my 2 cents,
I think that a LOT of stackers count on there job for income and expenses.
Corona could easily start an economic downturn which could spiral out of control.
Stackers ARE going to sell off at any price to bring in food or mortgage payments

justoneguy wrote:my 2 cents,
I think that a LOT of stackers count on there job for income and expenses.
Corona could easily start an economic downturn which could spiral out of control.
Stackers ARE going to sell off at any price to bring in food or mortgage payments

Stack of metal is safer than money in the bank.

justoneguy wrote:my 2 cents,
I think that a LOT of stackers count on there job for income and expenses.
Corona could easily start an economic downturn which could spiral out of control.
Stackers ARE going to sell off at any price to bring in food or mortgage payments

I think (hope) most stackers have a reserve of a few months of mortgage payments set aside. Hopefully a good store of food as well. These should be your first investment.

Dow up almost 1300 points today. Was this an oversold bounce, short covering rally or PPT (Plunge Protection Team) intervention? Also, there is talk that the Feds might be lowering interest rates- I certainly hope that DOESN'T happen. Those who have been frugal enough to save money for decades deserve to get a better (higher) interest rate. Also, higher interest rates cause a necessary (from time to time) purging of lousy businesses that can only survive on cheap money.

And the Fed panicked and cut rates quickly today by 50 basis pts. I think they should have waited.

agmoose wrote:And the Fed panicked and cut rates quickly today by 50 basis pts. I think they should have waited.

Doctors around the world pause in slack-jawed wonder at the news because they had never been taught that rate cuts heal coronavirus.