Precious Metals 2026 - Gold, Silver, Platinum & Palladium

[Joe]

Well Lex @The Prowler.

Maybe TD is or has been good for you.

But I'd say at best, they are/were so so for me.

Mind you...even if I found them sub par, they are certainly not the worst as afar as investment platforms gp.

some others I'd stay away from include moomoo, IKBR and Wealthsimple

of those, WealthSimple seemed very precarious.

I was looking into them, and there's no way to actually add, fund or deposit funds directly into their accounts.

They take the money out of yours, you don't deposit it directly into theirs.

You can't add them as a payee from your bank account.

They tell you to click on a link within their website and they do the rest.

The understanding is - you're supposed to trust them completely.

so I decided to stay away from them because unlike the others, including TD I suppose, with WealthSimple, you don't have any control over the funding transactions

Thing is, How do you know who's taking money out of your accounts?

Lo and behold, now I see these complaints about fraud from WealthSimple account holders.



How can you trust a trading platform where a company has direct access to your bank account and you may not be able to stop them?



seems like a great platform for scammers tho.

moomoo & IKBR - their websites are basically incomprensible and I gave up on them both.

 

[The Prowler]

Thing is, How do you know who's taking money out of your accounts?

Joe, any organization that can process electronic fund transfers can take money out of your account. They just need your bank number, transit number, and account number.

If it happens without your permission, just call the bank and they will handle it.

Just download any EFT file format guide and you will see they can do deposits (like an employer would do for your pay) or withdrawals (like a utility company would do for your bill payments).

 

[Joe]

Joe, any organization that can process electronic fund transfers can take money out of your account. They just need your bank number, transit number, and account number.

If it happens without your permission, just call the bank and they will handle it.

Just download any EFT file format guide and you will see they can do deposits (like an employer would do for your pay) or withdrawals (like a utility company would do for your bill payments).

I would prefer that only the end user has the final say to fund the account.

Don't you think it seems rather strange that WealthSimple doesn't provide an option to fund the trading account yourself?

Seems absurd.

That's like if you went into a store, and instead of you handing them your credit card and watching the transaction being processed in front of the cashier, they yank the wallet from your pocket, go into the backroom and then you take their word for it that they did it 'right' and took the amount that you assumed.

but you don't really know what transpired in the time the wallet and your credit card was hidden from you and what they did in the back room.

Maybe I just don't understand people trading on their iPhones, eh?

I think WealthSimple, moomoo and others are set up for cellphone transactions on their apps.

Seems crazy tho.

I'd never trade stocks on a phone, let alone put personal informaiton or a credit card on them like many people do.

No wonder why so many people are getting scammed with their credit cards or investment accounts these days.

 

[The Prowler]

Don't you think it seems rather strange that WealthSimple doesn't provide an option to fund the trading account yourself?

What do you mean by "fund the account"?

Are you telling me you do not determine the amount of money that goes from your bank account into the trading account?

 

[The Prowler]

I sear, Senile @Joe walks around making up ridiculous stories in his head....

And then starts to believe some of them.....

 

[The Prowler]

Senile @Joe, Questrade makes things difficult.

Where do I go to see when dividends are deposited into my account?

 

[Seamajor]

Gold and Silver had another remarkable day.

 

[The Prowler]

Gold and Silver had another remarkable day.

I thought I told you it was inexpensive a few days ago.

 

[Seamajor]

I thought I told you it was inexpensive a few days ago.

Yes. I bought ten 1 Oz coins for $1650 each, in 2022. Have a look at gold is selling for today. Yes, right now, gold is expensive, $4222. per oz. But….. A very nice profit for me. I think you’re capable of doing the math, maybe not? Isn’t buying low and selling high the whole point?

 

[The Prowler]

Yes. I bought ten 1 Oz coins for $1650 each, in 2022. Have a look at gold is selling for today. Yes, right now, gold is expensive, $4222. per oz. But….. A very nice profit for me. I think you’re capable of doing the math, maybe not? Isn’t buying low and selling high the whole point?

Saying "gold is expensive" without qualifying it is stupid. "Expensive" in relation to what?!?!!?


It seems that you are not able to comprehend this concept, Seamajor.

 

[Joe]

So how are your stocks doing today, Lex @The Prowler ?

I'm actually up a bit still in the black on all my trading accounts.

One stock I'm interested in getting more of is Franco Nevada.

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They say it's doing well because it's a Gold Royalty company not an actual miner. so I suppose its overhead us low which enables it to generate big profits.

So it gets its profits or royalties from other miners because it helps fund them.

Maybe @Seamajor might be interested.

Share price is high tho.

Around $200 a share.

 

[The Prowler]

So how are your stocks doing today, Lex @The Prowler ?

Pretty flat...down a little over $18,000 in my main trading account.

Share price is high tho.

Around $200 a share.

What do you think makes a share price "high", Senile @Joe?

 

[Joe]

Pretty flat...down a little over $18,000 in my main trading account.




What do you think makes a share price "high", Senile @Joe?

Anything $100 a share and over Lex @The Prowler. heck even $40 strains the investment budget

Actually 2 penny stocks I'm getting interested in possibly buying more of are 1911 Gold and West Red Lake Gold. They are both less than $1 a share and set to produce or mine gold soon.

Plus their mines are located in Canada

Once those 2 companies go into mining production in 2026 and 2027 they might not be under $1 per share much longer

Bit of a small risk but throw in $1000 each or less for 1000 shares.

Could potentially be a big payoff especially if Gold hits $5000 per ounce.

If not they go down but ya don't lose significantl. maybe $1000 at most?

Maybe @Seamajor might be interested

 

[The Prowler]

Anything $100 a share and over Lex @The Prowler. heck even $40 strains the investment budget

That shows a significant lack of understanding of stock prices, Senile @Joe.

You do not understand even the basics.

 

[Seamajor]

Saying "gold is expensive" without qualifying it is stupid. "Expensive" in relation to what?!?!!?


It seems that you are not able to comprehend this concept, Seamajor.

Clearly you have no clue about what you’re talking about.

 

[The Prowler]

Clearly you have no clue about what you’re talking about.

I had no idea you were this dumb.

 

[Joe]

So Lex @The Prowler I bought ONLY Canadian Bank Stocks today.

When I signed into that account, it was in the RED.

But immediately after I bought the Bank Stocks, it shot into the BLACK.

I guess investors are scared these days & are looking for something safe 'n secure that won't fall much in a potential correction/crash.

As you know and we had previously discussed, the Major Canadian Banks will not and cannot go broke

BTW, those Bank Stocks are about the only ones in that particular account that are goin' up.

The rest like insurance have been disappointing.

Even the Gold Stocks underperformed tho Gold has actually gone up quite a bit lately.

There seems to be no correlation between the price of Physical Gold and Gold Stocks of mining companies.

It's strange and I don't understand why this is the case, but it is what it is.

 

[Seamajor]

Gold and Silver are down a tad this mornin, but holding nicely. Bought another 10 ounces of silver last week.

 

[The Prowler]

Gold and Silver are down a tad this mornin, but holding nicely. Bought another 10 ounces of silver last week.

Both gold and silver are really inexpensive right now.

 

[The Prowler]

Speaking of expensive, and this is mainly for you Senile @Joe , a lot of Canadian stocks are pretty expensive right now in relation to their PE ratio*.

This could trigger a correction.

If you hold stock with strong fundamentals, any correction to the markets should not affect those stock in the medium-long term. But if you hold stock with poor fundamentals, you are definitely at risk.


* Notice that I qualified the term "expensive"? You should learn to do the same, and maybe teach the other "investor" here.

 

[Joe]

Speaking of expensive, and this is mainly for you Senile @Joe , a lot of Canadian stocks are pretty expensive right now in relation to their PE ratio*.

This could trigger a correction.

If you hold stock with strong fundamentals, any correction to the markets should not affect those stock in the medium-long term. But if you hold stock with poor fundamentals, you are definitely at risk.


* Notice that I qualified the term "expensive"? You should learn to do the same, and maybe teach the other "investor" here.

Well Lex @The Prowler I bought 100 shares of Bank of Nova Scotia (BNS) & it keeps going up lately. It's PE ratio is around 17. If 15 is considered ideal, 17 is still a decent PE isn't it?

Also maybe the Canadian banks are considered safe haven in uncertain times?

Plus having a central banker as the PM is causing all this money to flow into Canada & the banks here. is that a correct assumption ? if so just holding banks stocks and sitting on your hands until next year, you could get a nice return by essentially doing nothing.

It's like free money dropping from the sky eh Lex? dividends and all from banks with extremely healthy balance sheets that can never go broke Prowler.

Royal Bank is like one of the top 10 banks in the world. It's even listed on the US stock exchange

I wonder if the bank stocks will keep going up in 2026. some of those Canada banks seem like buy n hold stocks Prowler

 

[Joe]

Gold and Silver are down a tad this mornin, but holding nicely. Bought another 10 ounces of silver last week.

Here's a forecast from a respected precious metals analyst @Seamajor



Jeffrey Christensen

I don't know if he's right, but he's usually not this bullish nor optimistic on Gold. And he's usually not sensationalistic, cautious & mostly bearish in his predictions. So if he's optimistic then says something.

One stock I think I'll buy more of is Franco Nevada (FNV). it went up today. They're a Gold Royalty stock that's made over $1 billion for their investors.

I suspect they may be better to hold than many gold mining stocks.

 

[The Prowler]

Well Lex @The Prowler I bought 100 shares of Bank of Nova Scotia (BNS) & it keeps going up lately. It's PE ratio is around 17. If 15 is considered ideal, 17 is still a decent PE isn't it?

Who said 15 is ideal?!?!?!?!!??

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

Also maybe the Canadian banks are considered safe haven in uncertain times?

Plus having a central banker as the PM is causing all this money to flow into Canada & the banks here. is that a correct assumption ? if so just holding banks stocks and sitting on your hands until next year, you could get a nice return by essentially doing nothing.

It's like free money dropping from the sky eh Lex? dividends and all from banks with extremely healthy balance sheets that can never go broke Prowler.

Royal Bank is like one of the top 10 banks in the world. It's even listed on the US stock exchange

I wonder if the bank stocks will keep going up in 2026. some of those Canada banks seem like buy n hold stocks Prowler

Hahahahaha!!!!!

 

[The Prowler]

Senile @Joe

Quiz time


Company A stock: $1 per share

Company B stock: $10 per share

Company C stock: $100 per share

Company D stock: $1000 per share



Each company makes an annual profit of $1,000,000.



Which stock would you buy?

 

[Joe]

Who said 15 is ideal?!?!?!?!!??

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

Hahahahaha!!!!!

I don't profess to be an expert in the Stock Market Lex @The Prowler.

Remember....I just started from scratch about 1-2 months ago on this stock trading game.

But...I appear to up in my accounts.

At least for now, I'm still in the Black!

I haven't lost any money.

And I still got $10,000 worth of contribution room in my TFSA left.

What do you think I should do with it Prowler?

Add the remaining to the TFSA? Or buy physical Gold 'n Silver, Lex? Or just buy a GIC?

....or all of the above?

All honesty, not sure where the stock market or Gold is headed, eh?

Could be Up, Could be Down, Could be sideways or a bit of each.

Hard to say really.

Doomsdayers keep warning of an impending stock market crash in 2026.

They may be right, but they may not be either.

Me Thinks the health of the financial system is based on how much liquidity there is and how much credit the players can access. But when the liquidity dries up, so does the game.

Somehow...I don't think they're quite there yet, knock on wood.

However, I think they may have 4-5 years to go before the house burns down and everything goes bust.

 

[The Prowler]

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

I missed your answer, Senile @Joe.

 

[The Prowler]

Who said 15 is ideal?!?!?!?!!??

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

Senile @Joe

Quiz time


Company A stock: $1 per share

Company B stock: $10 per share

Company C stock: $100 per share

Company D stock: $1000 per share



Each company makes an annual profit of $1,000,000.



Which stock would you buy?

Senile @Joe

If you cannot answer these questions knowledgeably and intelligently, then why are you discussing stocks at all?

 

[Joe]

Well Lex @The Prowler ...all my stock portfolios are up today, in the Black as I'm sure yours are as well

Question is..for how long?

I plan to do a bit of consolidation over the Christmas Holidays and 'cull' my stock portfolios to make 'em lean, mean & recession proof or resistant as possible, eh Lex?

Even sell some stocks that are actually up for the year to reduce risk.

Best to diversify & keep some cash on the side.

BTW, I started to invest in Tech, and that stock portfolio is going up

Imagine I'll start investing in health & some US stocks in the New Year.

I'll start an ETF fund. I haven't bought any of those yet, but planning to.

How about you, Prowler?

I noticed the Globe and Mail published its list of Canada's best performing stocks today, Lex.

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[The Prowler]

Who said 15 is ideal?!?!?!?!!??

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

@Joe

 

[Joe]

....sold most of my Silver today @Seamajor & Lex @The Prowler

Decided to buy Platinum and Gold Instead.

Probably won't buy any more Silver and unless it falls in price.

Seems too high right now.

Gold is a safer bet.

At these prices you should trade in at some of your Silver for Gold Seamajor

That's what I did.

If Gold and Silver fall again, Silver will fall twice as fast as gold. A potential 30-40% fall in the price of Gold translates into a 60-80% fall in Silver. That's why its best to trade it in for Gold while the Silver to Gold favors you as a seller @Seamajor