Anyone noticing the price of gold and silver?

[Geo]

Thoughts?

 

[67mike]

Yup.

Bank of America predicts over $300 per Oz silver.

 

[CDawg]

Absolutely fucking pissed off.

Top of my bucket list was a Kondo Kagura. I was living in a dream world hoping to get a Kondo Kagura power amplifier and building a guitar rig around it. No chance of that happening now. I was already too poor for that before anyway though but now I'm really mad.

 

[shar-vell Dan]

We hit paydirt, the new seat is off to the jewlers for some 14k plating. No longer is gas & food just a dream, should be happening by spring.
BTW bitcoin is a scam.

 

[Geo]

Absolutely fucking pissed off.

Top of my bucket list was a Kondo Kagura. I was living in a dream world hoping to get a Kondo Kagura power amplifier and building a guitar rig around it. No chance of that happening now. I was already too poor for that before anyway though but now I'm really mad.

Well, if you bought gold and silver 5 years ago, you would have tripled your money by now.

 

[Geo]

We hit paydirt, the new seat is off to the jewlers for some 14k plating. No longer is gas & food just a dream, should be happening by spring.
BTW bitcoin is a scam.

This guy is a total dumbass, gold is not a store of anything, it's a metal.

A metal that our entire monetary system is based on.

It's amazing to me that this dope has any wealth at all, he has no idea what he is talking about.

Central banks around the world are stock pilling gold and silver, not bitcoin.

 

[JDs Couch]

Gold prices go up primarily due to increased demand driven by economic uncertainty, geopolitical tensions, and a weaker U.S. dollar.

 

[Geo]

Gold prices go up primarily due to increased demand driven by economic uncertainty, geopolitical tensions, and a weaker U.S. dollar.

Thanks, Captain Obvious.

But in this case, it has gone up expeditiously due to central banks around the world dumping US Treasuries and buying gold instead.

 

[JDs Couch]

Basically, people realize that Trump's attack on the independence of the Fed means that the US is now a tinpot dictatorship. So they flee to safety, ie gold and silver.

 

[Geo]

Basically, people realize that Trump's attack on the independence of the Fed means that the US is now a tinpot dictatorship. So they flee to safety, ie gold and silver.

Duse, you have no idea why precious metals have been going through the roof for the last 5 years.

Just STFU before you embarrass yourself further.

 

[CDawg]

Well, if you bought gold and silver 5 years ago, you would have tripled your money by now.

That may be true but I invested my money in some magic beans and vacuum tubes.

 

[Geo]

That may be true but I invested my money in some magic beans and vacuum tubes.

Not much difference between the two.

 

[Geo]

I have lived long enough to see $1 Silver Eagle turn into a $100 Silver Eagle.

 

[NoHassle]

Gold and silver are an aged nostalgic con because if and when the shit hits the fan ANY inanimate commodity is only worth what somebody is willing to pay on that day. Monday when the world is going great $500 an ounce, Friday when the world goes to shit how much an ounce when very few have any money?

Gold or a man made asset are all driven by a notional market amount. There is no hard immovable absolute value on anything that's in a market of trade.

 

[Wayniac3]

Invest in nippers, bottled water, and boxes of .22... those will be the true gold standard after the fall

 

[Geo]

Gold and silver are an aged nostalgic con because if and when the shit hits the fan ANY inanimate commodity is only worth what somebody is willing to pay on that day. Monday when the world is going great $500 an ounce, Friday when the world goes to shit how much an ounce when very few have any money?

Gold or a man made asset are all driven by a notional market amount. There is no hard immovable absolute value on anything that's in a market of trade.

That is certainly one way to look at it.

But then ask yourself, if the dollar goes away, what will we barter with?

Why are all the wealthiest people and banks closing their short positions and asking for physical possession?

Why are the top investment firms now saying 20% of your portfolios should be allocated to precious metals?

Why is every other country buying gold and silver?

Something is brewing, you may not want to get caught with your pants down.

 

[NoHassle]

That is certainly one way to look at it.

But then ask yourself, if the dollar goes away, what will we barter with?

Why are all the wealthiest people and banks closing their short positions and asking for physical possession?

Why are the top investment firms now saying 20% of your portfolios should be allocated to precious metals?

Why is every other country buying gold and silver?

Something is brewing, you may not want to get caught with your pants down.

I can agree with what you've written but there will always be some type of market movement and impact. It's always a moving target driven by trends, the uber wealthy, fear and the unknown.

What about when the shit hits the fan and I have 2 ounces of gold and I have 2 goats...chances are most likely I'll get more for my goats as they can be eaten for someone to feed their family. The Gold? Good for teeth fillings and not much else.

The market is a drug and a gambling den, as you know, so be very careful to always stand way back and try and get a practical view so you can decide in the safest way for your hard earned money.

 

[Geo]

What about when the shit hits the fan and I have 2 ounces of gold and I have 2 goats...chances are most likely I'll get more for my goats as they can be eaten for someone to feed their family. The Gold? Good for teeth fillings and not much else.

With 2 ounces of gold, you will buy the whole farm. With 2 goats you will have enough food for a couple weeks.

There will always be wealthy people with assets, and if you want some of their assets, you will need gold and silver.

That's the way it's been done for about 5000 years. The dollar is just paper.

 

[NoHassle]

With 2 ounces of gold, you will buy the whole farm. With 2 goats you will have enough food for a couple weeks.

There will always be wealthy people with assets, and if you want some of their assets, you will need gold and silver.

That's the way it's been done for about 5000 years. The dollar is just paper.

Rich people need to eat too and if they've been wiped out like the rest the goats are worth more.

It can go either way in that scenario.

 

[Geo]

Rich people need to eat too and if they've been wiped out like the rest the goats are worth more.

It can go either way in that scenario.

So when the dollar is no more, what do you think people will use as currency?

Gonna need alot of goats.