$2000+ gold

Clackamas1

I almost sold 100 oz a few weeks ago but was not in a hurry. I can now get some hookers and blow with how much I saved.

Meltdown

Prices have come down on hookers & blow eh?

rte592

@Meltdown said:
Prices have come down on hookers & blow eh?

Well let see 100 OZ up $100 an OZ from a few weeks ago is $10k.
That should be enough for a memory IF you remember the night in a few weeks.

johnny9434

@Clackamas1 said:
I almost sold 100 oz a few weeks ago but was not in a hurry. I can now get some hookers and blow with how much I saved.

yes indeed, were not gonna take it with us

jmski52

Pictures, or it didn’t happen.😄

Glen2022

I almost won the $1.7 B lottery. Only needed 5 more correct numbers.

Clackamas1

@Glen2022 said:
I almost won the $1.7 B lottery. Only needed 5 more correct numbers.

Damn you were close.

davidsharpe2020

@Meltdown said:
Prices have come down on hookers & blow eh?

Major bank purchases reached a 55-year high, which is WILD...

After falling at the start of 2023, the costs of precious metals have risen during the last three months. Falling U.S. currency, rising international tensions, and economic uncertainty drove a 9 percent surge in the World Bank's precious metals index in 2023 Q1. Silver and platinum saw substantial price increases due to strong demand from the industry. The value of gold might rise even higher if central banks buy more of the precious metals in response to faltering worldwide economic growth and market predictions of less interest rate increases. Uncertainty, rather than significant bank policy rates, has been the primary factor explaining the recent gap between the fluctuations of gold prices. Gold and other precious metals are popular retirement portfolio diversifiers because they hedge against inflation and economic volatility. Investments created with an Individual Retirement Account (IRA) have a better chance of becoming more significant than comparable investments made without an IRA because of the tax deferral or exemption that applies to their growth. Some conditions must be satisfied before investing in precious metals within an IRA, including a "gold IRA" or any other kind of IRA. One of the few companies I've looked into is called Augusta Precious Metals; they offer physical gold and silver.

derryb

@davidsharpe2020 said:
One of the few companies I've looked into is called Augusta Precious Metals; they offer physical gold and silver.

Only a fool would tie up his money on anything that he could not sell (without penalty) if he saw a bloodbath coming. If one wants to put retirement contributions into PMs, he should do so from safety of a self-directed, on-line Roth IRA account and invest in mining companies and PM ETFs. In doing it this way he has instant access into making changes to his positions. No taxes due on the selling of securities in an IRA unless account holder makes a withdrawal.

jmski52

If you don’t hold it, you don’t own it - especially these days. I’d be leery of Roth IRA accounts, ETFs and any other paper-account managed by a third party at this stage in the sequence of events.

Apmex isn’t the lowest cost dealer in physical bullion, but they are reliable. There are others that will probably be mentioned in this thread as well.

blitzdude

@jmski52 said:
If you don’t hold it, you don’t own it - especially these days. I’d be leery of Roth IRA accounts, ETFs and any other paper-account managed by a third party at this stage in the sequence of events.

LOL for cripes sakes, exit the bunker man! Breathe some fresh air, get some sunshine and use your grape to re-enter reality. SMH!

jmski52

Thanks, blitzdude! My suggestions regarding paper assets would also apply to you. I’m lookin’ out for you as well.😊

dcarr

@blitzdude said:

@jmski52 said:
If you don’t hold it, you don’t own it - especially these days. I’d be leery of Roth IRA accounts, ETFs and any other paper-account managed by a third party at this stage in the sequence of events.

LOL for cripes sakes, exit the bunker man! Breathe some fresh air, get some sunshine and use your grape to re-enter reality. SMH!

.

You mention "bunker" a lot. It seems to bother you.
Why do you care what jmski52 or any other poster does in their spare time ?

.

PS:
The "reality" is, people have trusted other people with their life savings, and lost it.
So it is good advice to be "leery" of who or what you put your money with.

.

blitzdude

@dcarr said:

@blitzdude said:

@jmski52 said:
If you don’t hold it, you don’t own it - especially these days. I’d be leery of Roth IRA accounts, ETFs and any other paper-account managed by a third party at this stage in the sequence of events.

LOL for cripes sakes, exit the bunker man! Breathe some fresh air, get some sunshine and use your grape to re-enter reality. SMH!

.

You mention "bunker" a lot. It seems to bother you.
Why do you care what jmski52 or any other poster does in their spare time ?

.

PS:
The "reality" is, people have trusted other people with their life savings, and lost it.
So it is good advice to be "leery" of who or what you put your money with.

.

Reality is hoarding gutter metal in your bunker is about the worst investment advice one could give. Gutter metal is worth half of what it was 50 years ago. LOL factor in inflation and its worse, maybe a fifth. Paper assets have exploded, the economy is absolutely BOOMIN!. Get a grip. THKS!

dcarr

@blitzdude said:

@dcarr said:

@blitzdude said:

@jmski52 said:
If you don’t hold it, you don’t own it - especially these days. I’d be leery of Roth IRA accounts, ETFs and any other paper-account managed by a third party at this stage in the sequence of events.

LOL for cripes sakes, exit the bunker man! Breathe some fresh air, get some sunshine and use your grape to re-enter reality. SMH!

.

You mention "bunker" a lot. It seems to bother you.
Why do you care what jmski52 or any other poster does in their spare time ?

.

PS:
The "reality" is, people have trusted other people with their life savings, and lost it.
So it is good advice to be "leery" of who or what you put your money with.

.

Reality is hoarding gutter metal in your bunker is about the worst investment advice one could give. Gutter metal is worth half of what it was 50 years ago. LOL factor in inflation and its worse, maybe a fifth. Paper assets have exploded, the economy is absolutely BOOMIN!. Get a grip. THKS!

.

You have some silver for sale on the Buy/Sell/Trade forum right now. Why did you buy it in the first place ?
You bought it less than 25 years ago when it was less than half of the price it was at 44 years ago.
So you knew at the time of your purchase that it was less than half the price it was before.
Why would you do that ?

Maybe buying something when it is down in price (like now) rather than at the peak price is a better play ?
But I guess that doesn't occur to you ?

.

PS:

And why do you care what anybody does in their spare time ?

.

Crusty

@blitzdude - "The economy is absolutely booming " ….. SMH…. Please turn off the MSNBC and CNN.

Clackamas1

@blitzdude said:

@dcarr said:

@blitzdude said:

Reality is hoarding gutter metal in your bunker is about the worst investment advice one could give. Gutter metal is worth half of what it was 50 years ago. LOL factor in inflation and its worse, maybe a fifth. Paper assets have exploded, the economy is absolutely BOOMIN!. Get a grip. THKS!

You have never had family, that you directly know, that has ever been in a faimon situation. You can always buy a loaf of bread with a silver dime. It is gutter metal to you until you are starving. There is a plethora of accounts, many in my short life that are true. My family only survived because we thought ahead; not me but my grandparents and great grand parents. I grew up hearing about how important it was to have skills, guns, and "gutter metal". I would not be alive without that pre-planning. These situations will occur again.

TwoSides2aCoin

I have this sign in my shop which reads: "I'm almost thinking about it". I keep it there because I hear it so often.
In the meantime, thousands of ounces of "gutter metal", ( sewer , he meant) have come in and gone out since this thread started.

I heard silver was the poor man's gold.
The floor probably is $2000. for gold.
As to silver in here: it is about as appropriate ( distracting) to the topic of gold as hookers and blow.
Guess you could say, I'm not thinking about that. But I like dealing in the other two, for now.

Clackamas1

@TwoSides2aCoin said:
As to silver in here: it is about as appropriate ( distracting) to the topic of gold as hookers and blow.

That was a different thread. You ae being racist (SA) and sexist. /s

blitzdude

@Crusty said:
@blitzdude - "The economy is absolutely booming " ….. SMH…. Please turn off the MSNBC and CNN.

No need to turn on or off anything. My Bank accounts, retirement accounts and paychecks prove it. Please turn off the bunker dweller channels aka Bulgaria Hedge/Fox News/Newzmax etc. THKS!