I hear ya. The PM's have been of interest to me for a long time. Did really well with silver back in the late 70's. I was just a teenager at the time but i worked hard and saved my money. Things were getting kinda wonky with the economy so my dad plowed a good chunk of his savings into PM's as a safe haven hedge against currency inflation. I followed his lead put what i had into silver. He called it right. There was a point where he was making more on his investments every day than on his job as a mid level manager with a fortune 500 defense contractor.
It worked out better than expected for me. I bought silver at around $6.00/oz and sold somewhere around $ 35.00/oz. It's not like i knew what i what i was doing. Just happened to be in the right place at the right time.
I later learned about the Hunt Brothers manipulation of the silver market and how that all went horribly wrong for them. It's an interesting read if you have a couple of minutes to spare.
https://www.investopedia.com/article...t-brothers.asp
From this ... i learned that the PM's market is sometimes influenced when the big dawgs are at play. You gotta look for the tells. Sometimes you see it in the charts. Sometimes you see when they're buying and selling during the day.
One of the wealthy gents in my community exploited a pretty good opportunity back in the 90's. He noticed a price difference in the gold markets around the globe. He had an arrangement where he could simultaneously buy in Lebanon and sell in New York. In the course of a few minutes he could make a quick 20 k.
I think it was a similar kind of market influence awhile back with Rhodium and Palladium. Purportedly ... the Russian oligarchs controlled much of the global supply at that time and were playing serious hardball with prices.
You can see it in the five year charts for those metals. I put them up in my last post but they seem to have disappeared. No matter ... one could look them up from their preferred source if one were interested.
Lol ... i guess i'm a dork.
No harm in trying to keep the forum alive with subjects that might be of interest to a metals recycler. Most especially to someone that buys and sells.Commodities prices and changes in the market can make or break you.
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Originally Posted by Ohio Scrapper
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