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Posted: 3/4/2024 1:54:33 PM EDT
[Last Edit: LurchAddams]
Great Googly Moogly
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Posted: 3/4/2024 1:58:11 PM EDT
[#1]
 Rising metal prices suggest a lost of public faith in its currency. 
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Posted: 3/4/2024 2:10:30 PM EDT
[#2]
Looks like I will have to continue buying silver like the poors.
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USA
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Posted: 3/4/2024 2:13:36 PM EDT
[#3]
In before the "you can't eat it" crowd.
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Posted: 3/4/2024 2:13:54 PM EDT
[#4]
Gold hasn't increased in value since I started paying attention to it around 2005.
The dollar has dropped in value by roughly 65% |
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Posted: 3/4/2024 2:13:59 PM EDT
[#5]
Quote HistoryOriginally Posted By Terriblis: Looks like I will have to continue buying silver like the poors. Get yourself a detector and head out to the swimming holes.  Attached File |
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Posted: 3/4/2024 2:19:08 PM EDT
[#6]
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NM, USA
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Posted: 3/4/2024 2:21:27 PM EDT
[#7]
All my Costco gold is paying off!!
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Posted: 3/4/2024 2:22:33 PM EDT
[#8]
I'm glad I bought far more bitcoin than gold
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Posted: 3/4/2024 2:25:30 PM EDT
[#9]
Quote HistoryOriginally Posted By jaqufrost: I'm glad I bought far more bitcoin than gold Holy Fuck! Up another 6.5 on a down day.  I’m in it, but.. Oh lawd…. I’m supremely tempted to pump 100k into this bubble.
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Posted: 3/4/2024 2:28:06 PM EDT
[#10]
Meanwhile, silver is still at about the same price it's been for years.
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Posted: 3/4/2024 2:34:15 PM EDT
[#11]
Off to check my gold mining company stock…
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Posted: 3/4/2024 2:34:36 PM EDT
[#12]
Quote HistoryOriginally Posted By Butternut: Meanwhile, silver is still at about the same price it's been for years. Buying opportunity! |
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OR, USA
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Posted: 3/4/2024 2:38:03 PM EDT
[#13]
Sure wish silver would follow.
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USA
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Posted: 3/4/2024 2:40:19 PM EDT
[#14]
Waiting for $50/oz for silver! Or more.
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Posted: 3/4/2024 2:44:07 PM EDT
[#15]
Quote HistoryOriginally Posted By Butternut: Meanwhile, silver is still at about the same price it's been for years. It was under $15/ounce in 2018. It is almost $10 more now. Does not sound like about the same to me. Wish I had bought more silver and gold in '18. I got 2 oz of gold for $1,200/oz and 100 oz of silver (mix of 10 oz bars and 1 oz rounds) for $15.50 average. May sell it off, I have been wanting to buy another motorcycle. |
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Posted: 3/4/2024 2:56:03 PM EDT
[#16]
Central banks are and have been on a gold buying spree. Inflation is heating back up and the fed is talking about rate cuts. US fiscal deficit is out of control. Expect gold to continue to climb.
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MT, USA
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Posted: 3/4/2024 3:17:05 PM EDT
[Last Edit: Third_Rail]
[#17]
Quote HistoryOriginally Posted By blupupher: It was under $15/ounce in 2018. It is almost $10 more now. Does not sound like about the same to me. Wish I had bought more silver and gold in '18. I got 2 oz of gold for $1,200/oz and 100 oz of silver (mix of 10 oz bars and 1 oz rounds) for $15.50 average. May sell it off, I have been wanting to buy another motorcycle. Quote HistoryOriginally Posted By blupupher: Originally Posted By Butternut: Meanwhile, silver is still at about the same price it's been for years. It was under $15/ounce in 2018. It is almost $10 more now. Does not sound like about the same to me. Wish I had bought more silver and gold in '18. I got 2 oz of gold for $1,200/oz and 100 oz of silver (mix of 10 oz bars and 1 oz rounds) for $15.50 average. May sell it off, I have been wanting to buy another motorcycle. Using the official inflation numbers that $15/ozt would be $18.50/ozt now. I think the federal fudging of the numbers and accounting for increased demand can explain why it's $24/ozt now. |
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Posted: 3/4/2024 3:18:46 PM EDT
[#18]
Quote HistoryOriginally Posted By BillofRights: Holy Fuck! Up another 6.5 on a down day. I’m in it, but.. Oh lawd…. I’m supremely tempted to pump 100k into this bubble.Quote HistoryOriginally Posted By BillofRights: Originally Posted By jaqufrost: I'm glad I bought far more bitcoin than gold Holy Fuck! Up another 6.5 on a down day. I’m in it, but.. Oh lawd…. I’m supremely tempted to pump 100k into this bubble.Thank you for your service. 
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Posted: 3/4/2024 5:22:50 PM EDT
[#19]
I'm hoping for a pull back so can add to the stack, I don't buy high.
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Posted: 3/4/2024 5:56:51 PM EDT
[#20]
Quote HistoryOriginally Posted By Lawmonkey: In before the "you can't eat it" crowd. Yet...throughout human history is has ALWAYS had value. |
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Posted: 3/4/2024 5:57:35 PM EDT
[#21]
Quote HistoryOriginally Posted By Brassrainbows: Sure wish silver would follow. Bring the Hunt brothers back maybe... |
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Posted: 3/4/2024 6:47:11 PM EDT
[#22]
Utility stocks were also up today. Some Big Money moved into less risky stocks.
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IN, USA
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Posted: 3/4/2024 7:05:01 PM EDT
[#23]
Quote HistoryOriginally Posted By BillofRights: Gold hasn't increased in value since I started paying attention to it around 2005. The dollar has dropped in value by roughly 65% You understand it! Our money is worth less. It takes more of them to buy things lately. I think it"s even called something. |
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Posted: 3/6/2024 12:37:12 PM EDT
[#24]
Setting some records this month. But it's all transitory, right?
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Posted: 3/6/2024 12:43:09 PM EDT
[#25]
Quote HistoryOriginally Posted By GGF: You understand it! Our money is worth less. It takes more of them to buy things lately. I think it"s even called something. Yup, gold might be one of the worst possible investments |
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Posted: 3/6/2024 12:52:49 PM EDT
[#26]
Quote HistoryOriginally Posted By governmentman: Yup, gold might be one of the worst possible investments Quote HistoryOriginally Posted By governmentman: Originally Posted By GGF: You understand it! Our money is worth less. It takes more of them to buy things lately. I think it"s even called something. Yup, gold might be one of the worst possible investments Agreed, that's why I don't look at it as an " investment ". |
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Posted: 3/27/2024 10:23:48 AM EDT
[#27]
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FL, USA
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Posted: 3/27/2024 12:33:32 PM EDT
[#28]
When gold was down, posters said, do not buy. Funny. Now rhey say buy.
Not how this works ? |
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Posted: 3/27/2024 12:35:19 PM EDT
[#29]
Buy Gold Coins, Not Shit Coins
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Posted: 3/27/2024 12:38:16 PM EDT
[Last Edit: apexcrusade]
[#30]
Quote HistoryOriginally Posted By governmentman: Yup, gold might be one of the worst possible investments Quote HistoryOriginally Posted By governmentman: Originally Posted By GGF: You understand it! Our money is worth less. It takes more of them to buy things lately. I think it"s even called something. Yup, gold might be one of the worst possible investments Many do not consider it an investment, including myself. Even if it were, the conclusion as to whether it's a good or bad one depends on the buy price. |
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Posted: 3/27/2024 12:38:35 PM EDT
[#31]
With respects to gold or silver, there's a quite bit of arbitrage between SGE or India's market and COMEX. Generally silver is $2 higher in those markets.
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Posted: 3/27/2024 7:41:13 PM EDT
[#32]
Quote HistoryOriginally Posted By Riter: Rising metal prices suggest a lost of public faith in its currency. I thought it was a simple hedge against inflation? Why when there are two possibilities, it is always the "DOOM" one? |
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Posted: 3/27/2024 7:42:56 PM EDT
[#33]
Quote HistoryOriginally Posted By BillofRights: Buying opportunity! Quote HistoryOriginally Posted By BillofRights: Originally Posted By Butternut: Meanwhile, silver is still at about the same price it's been for years. Buying opportunity! SILVER WILL BE PARABOLIC!!! TO THE MOON!!!!! |
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Posted: 3/27/2024 7:47:52 PM EDT
[#34]
Quote HistoryOriginally Posted By blupupher: It was under $15/ounce in 2018. It is almost $10 more now. Does not sound like about the same to me. Wish I had bought more silver and gold in '18. I got 2 oz of gold for $1,200/oz and 100 oz of silver (mix of 10 oz bars and 1 oz rounds) for $15.50 average. May sell it off, I have been wanting to buy another motorcycle. Quote HistoryOriginally Posted By blupupher: Originally Posted By Butternut: Meanwhile, silver is still at about the same price it's been for years. It was under $15/ounce in 2018. It is almost $10 more now. Does not sound like about the same to me. Wish I had bought more silver and gold in '18. I got 2 oz of gold for $1,200/oz and 100 oz of silver (mix of 10 oz bars and 1 oz rounds) for $15.50 average. May sell it off, I have been wanting to buy another motorcycle. Gold and Silver purchased in 2018 are bigtime losers.   That does not even reflect dividend reinvestment, making it even worse. There are periods of time where Gold has done quite well, but that isnt one of them. |
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Posted: 3/27/2024 7:50:35 PM EDT
[#35]
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OK, USA
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Posted: 3/27/2024 7:55:02 PM EDT
[#36]
Quote HistoryOriginally Posted By Lawmonkey: In before the "you can't eat it" crowd. You can eat anything if you can fit it in your mouth and down your throat. The question is if you will get any nutrition out of it or if you'll survive to eat it again. |
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TX, USA
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Posted: 3/27/2024 8:33:43 PM EDT
[#37]
Here’s two of my 1/10 Eagles.
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Posted: 3/27/2024 8:36:28 PM EDT
[#38]
Quote HistoryOriginally Posted By BillofRights: Gold hasn't increased in value since I started paying attention to it around 2005. The dollar has dropped in value by roughly 65% Bingo |
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Posted: 3/27/2024 8:41:26 PM EDT
[#39]
Quote HistoryOriginally Posted By 1969GTX: All my Costco gold is paying off!! 
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Posted: 3/27/2024 8:43:51 PM EDT
[#40]
Just imagine if you had bought the S&P! You’d only be up several fold instead of 35%
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GA, USA
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Posted: 3/27/2024 8:44:47 PM EDT
[#41]
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USA
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Posted: 3/27/2024 8:58:19 PM EDT
[#42]
Quote HistoryOriginally Posted By Riter: Rising metal prices suggest a lost of public faith in its currency. The idea of the dollar going away seems to be a fantasy of yours. You do realize that if this happens it won’t matter how much gold, silver, dirt you own, it will be a hellscape for everyone involved? Everything will be scarce and hard to come by. Social order will totally break down. We will all be poor and miserable regardless of asset allocation. The gold and silver might help preserve wealth on the other side of a collapse, but how many years will that be and will you survive to see it? |
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IA, USA
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Posted: 3/27/2024 9:46:04 PM EDT
[#43]
Paker and Beets crew are loving it
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MD, USA
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Posted: 3/28/2024 5:47:12 AM EDT
[#44]
Quote HistoryOriginally Posted By WhirlyGirl45: Bring the Hunt brothers back maybe... Quote HistoryOriginally Posted By WhirlyGirl45: Originally Posted By Brassrainbows: Sure wish silver would follow. Bring the Hunt brothers back maybe... I remember when they got burned back in the late 70's early 80's.
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USA
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Posted: 3/28/2024 5:57:03 AM EDT
[#45]
Quote HistoryOriginally Posted By kcolg30: Buy Gold Coins, Not Shit Coins One bitcoin is now worth more than 1kg of gold coins. |
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Posted: 3/28/2024 6:01:11 AM EDT
[Last Edit: DubyaB]
[#46]
The return of gold as an investment reached almost 25 percent in 2020, and the annual average price of gold increased overall since 2015. The rate of return was 4.09 percent in 2023
The closing price for Bitcoin (BTC) between 2015 and 2024 is $69,455.34, yesterday. It is up 21,575.3% in that time. The latest price is $70,554 |
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Posted: 3/28/2024 6:04:20 AM EDT
[Last Edit: P400]
[#47]
Quote HistoryOriginally Posted By Sebastian_MacMaine: One bitcoin is now worth more than 1kg of gold coins. Quote HistoryOriginally Posted By Sebastian_MacMaine: Originally Posted By kcolg30: Buy Gold Coins, Not Shit Coins One bitcoin is now worth more than 1kg of gold coins. |
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Posted: 3/28/2024 6:08:14 AM EDT
[#48]
Quote HistoryOriginally Posted By FALARAK: I thought it was a simple hedge against inflation? Why when there are two possibilities, it is always the "DOOM" one? Quote HistoryOriginally Posted By FALARAK: Originally Posted By Riter: Rising metal prices suggest a lost of public faith in its currency. I thought it was a simple hedge against inflation? Why when there are two possibilities, it is always the "DOOM" one? Yes it's a hedge and you raised doom, not I. |
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Posted: 3/28/2024 6:08:27 AM EDT
[#49]
Quote HistoryOriginally Posted By Square66: The idea of the dollar going away seems to be a fantasy of yours. You do realize that if this happens it won’t matter how much gold, silver, dirt you own, it will be a hellscape for everyone involved? Everything will be scarce and hard to come by. Social order will totally break down. We will all be poor and miserable regardless of asset allocation. The gold and silver might help preserve wealth on the other side of a collapse, but how many years will that be and will you survive to see it? Fantasy? Forgone conclusion |
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Posted: 3/28/2024 6:09:58 AM EDT
[#50]
Quote HistoryOriginally Posted By StainlessEagle: You can eat anything if you can fit it in your mouth and down your throat. The question is if you will get any nutrition out of it or if you'll survive to eat it again. Yep, no nutrional value and is this a poop threaad now? |
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