The price could fall and I could care less. I hold precious metals for insurance if things go bad.
The price could fall and I could care less. I hold precious metals for insurance if things go bad.
Please drop back down to $14 again.
Please drop back down to $14 again.
Gold has been hovering in the mid-1800's for the past 6 months or more.
I believe the price is being controlled to prevent it from rising.
Gold has been hovering in the mid-1800's for the past 6 months or more.
I believe the price is being controlled to prevent it from rising.
Doubtful that, but I’ll jump on another big box if it dips under $20 again. If I can find a big box for sale.
Doubtful that, but I’ll jump on another big box if it dips under $20 again. If I can find a big box for sale.
One can dream...
One can dream...
Chase Bank drop a year supply of silver on market! All paper contracts! Not real metal! They are playing games don't buy into that metals are not worth more than paper. These evil bastards want to destroy us.
Chase Bank drop a year supply of silver on market! All paper contracts! Not real metal! They are playing games don't buy into that metals are not worth more than paper. These evil bastards want to destroy us.
It's correcting after last week.
That isn't considered falling.
Bitcoin isn't falling either, the anomaly was last week when it went up.
It's correcting after last week.
That isn't considered falling.
Bitcoin isn't falling either, the anomaly was last week when it went up.
Bitcon*
Bitcon*
Bitcoin is getting throttled. Many banks wont accept.
Bitcoin is getting throttled. Many banks wont accept.
The point of bitcoin is to forget about banks.
Your comment proves the need for bitcoin (or whatever crypto, pick one)
The point of bitcoin is to forget about banks.
Your comment proves the need for bitcoin (or whatever crypto, pick one)
Do any of you buy the physical stuff? I’m thinking of buying some coins, gold definitely if the price is falling.
Do any of you buy the physical stuff? I’m thinking of buying some coins, gold definitely if the price is falling.
We buy jewlery. Mostly. Here gold 21 ct. Is cheap. And in a pinch you can sell it for more than you paid for it. We dont buy from retailers. Maylasian is good and reliable. But coinage would be good there. Silver and gold coins here are all chinese fakes. All most all of it.
We buy jewlery. Mostly. Here gold 21 ct. Is cheap. And in a pinch you can sell it for more than you paid for it. We dont buy from retailers. Maylasian is good and reliable. But coinage would be good there. Silver and gold coins here are all chinese fakes. All most all of it.
I bought a bunch in 2008. Still have it. Added a little since then.
I bought a bunch in 2008. Still have it. Added a little since then.
Where do you buy and how and where do you store it?
Where do you buy and how and where do you store it?
I ordered it over the phone, APMEX I think (my big purchase was 12 years ago now). Checked prices on line, they had the best price, then have me a bigger discount because of the large quantity I ordered. I keep it all in bank safe deposit boxes. Since then, I pick up a coin or two here and there from pawn shops when the price drops. The bulk of my holdings are 2008 Gold American Buffalo bullion 99.99% pure, still individually sealed in the US Mint bubble sheets (20 coins per sheet), uncirculated MS-xx grade but I haven't had them graded.
I ordered it over the phone, APMEX I think (my big purchase was 12 years ago now). Checked prices on line, they had the best price, then have me a bigger discount because of the large quantity I ordered. I keep it all in bank safe deposit boxes. Since then, I pick up a coin or two here and there from pawn shops when the price drops. The bulk of my holdings are 2008 Gold American Buffalo bullion 99.99% pure, still individually sealed in the US Mint bubble sheets (20 coins per sheet), uncirculated MS-xx grade but I haven't had them graded.
I am not worried at all by this swing. 2016 the Day Trump was elected silver was $20.00. It dropped to $16,00 over night. I did not worry. It was close to $30.00 this election and dropped to $24.00ish and I did not worry. I bought 1,000 oz's when it was $11.00. gonna take a lot to get back down to that.
...... I bet I can trade an oz of silver for a tank of fuel any time if the SHTF. I have mine "in hand"
I am not worried at all by this swing. 2016 the Day Trump was elected silver was $20.00. It dropped to $16,00 over night. I did not worry. It was close to $30.00 this election and dropped to $24.00ish and I did not worry. I bought 1,000 oz's when it was $11.00. gonna take a lot to get back down to that.
...... I bet I can trade an oz of silver for a tank of fuel any time if the SHTF. I have mine "in hand"
Put in perspective ...
Put in perspective ...
https://pic8.co/sh/JlXUq6.png
Precious metal prices aren't really a good indicator of much.
Precious metal prices aren't really a good indicator of much.
Do you understand how currency works, or why we use it instead of bartering?
Do you understand how currency works, or why we use it instead of bartering?
It doesn't really make a difference when our "currency" is essentially infinite. Precious metals are controlled markets, especially when there are paper markets for them.
It doesn't really make a difference when our "currency" is essentially infinite. Precious metals are controlled markets, especially when there are paper markets for them.
Our paper market has no ties to gold. You say our precious metal supply is essentially infinite...how so? Do you see a huge supply of precious metals? Is it easy to go get a hunk of refined precious metal just on a hike or something? I dont think that's true.
Edit: ok I read your message better...are you saying our supply, aka paper, is infinite? Because that really has nothing to do with precious metals or what your first comment stated
Our paper market has no ties to gold. You say our precious metal supply is essentially infinite...how so? Do you see a huge supply of precious metals? Is it easy to go get a hunk of refined precious metal just on a hike or something? I dont think that's true.
Edit: ok I read your message better...are you saying our supply, aka paper, is infinite? Because that really has nothing to do with precious metals or what your first comment stated
It’s not. Daily fluctuations. Gold is back now after a $10 per ounce swing. Not a real move or a big move.
It’s not. Daily fluctuations. Gold is back now after a $10 per ounce swing. Not a real move or a big move.
That reminds me, what's your mother doing?
That reminds me, what's your mother doing?
https://goldprice.org/gold-price-chart.html
$1859ish at time of this post. Not worried.
https://goldprice.org/gold-price-chart.html
$1859ish at time of this post. Not worried.
(post is archived)