Last month remember reading someone say: ‘gold is too expensive the Chinese are balking at price’ which solo was not a bad statement. But platinum was exploding above $1300 the first time The report continued: ‘platinum is also too high, nobody will want platinum at this
@Sorenthek The fiat-centric mindset needs to change in these historic times. You don't "take profits" and "step aside from the markets" by going to cash and short term bonds anymore. That won't work. You take profits/step aside in gold grams.
@steve_alarm Right! assume the fiat is more important is the error
@Sorenthek Hehe 😁 You could also tell he doesn't know how real business works. Venders & manufacturers will buy and stockpile raw material now, if they think prices are going to rise - & stay high - in near future.
@sanket_and Right!
@Sorenthek Platinum often sells out on Kitco. Currently, there are very slim pickings on Kitco of gold, silver, and platinum. Most popular items are stocked out.
@Sorenthek We Chinese say "买涨不买跌--buy the rise, not the fall" Yes higher price is affecting PM affordablity But not too much on buyer mentality tho.
@Sorenthek His metals desk is probably subsidized by the NYFed. Oooops just a conspiracy. For now.
@Sorenthek Sounds like it was someone whining about metals (they were short) being too high. Wah wah wah.
@Sorenthek 👍🤣