General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe market is going to be a wreck today
Januarys gains are going bye-bye.
Thanks, pedophile.
CountAllVotes
(22,107 posts)I sold most of what I had when it hit $1800 an oz. a several years ago.
However, I did not sell all of it. I kept a small amount of it *thank god*.
I love my gold, oh yes I do!
To hell with the stock market. I've never played with it. I got burned once and never went back!
Not a great day to sell or is it?
RazorbackExpat
(909 posts)It was a cute little Mexican 2 peso coin containing 1.5 grams of gold. Today, I could sell that same gold coin for $210
CountAllVotes
(22,107 posts)Last edited Tue Jan 20, 2026, 10:27 AM - Edit history (1)
I almost sold them but decided not to being gold has been great.
The time to buy was when spot was at $300/oz. in 2002.
RazorbackExpat
(909 posts)Boy, was I wrong.
And silver-- the junk silver I bought for 3.5X face back in the 90s is looking really good right now. I hope it's not another Hunt Brothers deal
Happy Hoosier
(9,428 posts)Cash money devalues.... even if just a little bit.
Though the current spike is an indicator of all the uncertainty. IF things stabilize, I expect the folks buying in now will be in for some disappoint in the short-medium term if they want to value it compared to the dollar.
essaynnc
(974 posts)Why are we predicting a wreck in the stock market today especially?
doc03
(38,866 posts)I miss.
Happy Hoosier
(9,428 posts)Over the weekend, the Orange Idiot ramped up tensions with Europe (that sounds more nuts every time I say it) and imposed tarrifs on countries that won't support his imperial land grab. Europe is considering substantial retaliation. Markets no likey.
Alice Kramden
(2,883 posts)The US stock market was closed, but worldwide there was a downward trend in the markets
Shrek
(4,399 posts)Aviation Pro
(15,287 posts).
Prairie Gates
(7,319 posts)OC375
(489 posts)Market should reflect reality. The investors own the country, let them take some hits.
Shrek
(4,399 posts)We're in the midst of moving around some retirement savings so on Friday afternoon I took my wife's IRA out of mutual funds and put it all into government securities. At the time I was afraid Trump might attack Iran or Greenland over the 3-day weekend, so my instincts weren't completely off.
Feeling pretty smart this morning.
Scrivener7
(58,510 posts)because I knew he was going to trash the economy, but the dollar will be a mess too. No escaping that.
Buckle up.