If gold and silver are going to be worth substantially more next year, why are the companies that have gold and silver today spending so much money on TV ads to convince you to take it off their hands?

Good question. They are both down today.

Here's someone who understands how things work. and from Louisiana no less. Whu'd a thunk?

They generally are brokers....moving volume is their game, both buying and selling.

So you expect them to sit on their cache until next year then sell? How would they continue to stay open, pay bills, afford additional investment?

As of last week, Gold was the number 1 asset class for gains this year at 16% +/-.
Look it up!

The shadow knows.

Yeppers. All about the churn. Has nothing to do with the actual investment futures. They either want you buying or selling, not sitting.

I’m about to go try to dump a bunch.

Glad you asked. I'll stick with equities.

Let's say you have inventory of 100,000$ ( just to use a round number )

you could sit on it , and make 10 % by selling it next year. that is one turn with a $10,000 profit.

Or you could continually sell and replace the inventory, and make only 5% profit per transaction. If you sell thru 5 times,
( 5 turns ) , you have now made $ 25,000 ,


Business 101

MO

They sell now because there’s more to buy, Quite simple actually.

Wonder why Beve didn't chime in on this one?

Hopefully the DOW will get back to even for the year at some point.......only 4,000 pts to go.

He is busy counting his money.