Home U.S. Coin Forum
Options

Gold is taking a beating

2»

Comments

  • Options
    FullStrikeFullStrike Posts: 4,353 ✭✭✭
    edited August 13, 2018 8:20PM

    @topstuf said:
    I want bitcoin! Something solid, simple, and foolproof. :)

    Now youre firing on ALL CYLINDERS Buddy ! Just try to come take ANY of our Bitcoin Mr Gubmint Man. When you come for it, I'll say take it all. But first you gotta find it.

    When the walls come tumbling down us smart people will just grab our Bitcoin and go.

    Yeah we'll just grab it ALL and go. But first .......... hey.... where IS that Ghostly Bicoin anyway ?

  • Options
    derrybderryb Posts: 38,596 ✭✭✭✭✭

    @coinpalice said:
    probably get another interest rate hike again next month. maybe go to the bank and lock in a 1.8 :p percent cd

    I just locked in a 1.8 MM with Ameris

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Options
    DMWJRDMWJR Posts: 6,102 ✭✭✭✭✭

    gold is going down more

    Doug
  • Options
    Cougar1978Cougar1978 Posts: 9,979 ✭✭✭✭✭

    And I wb buying more.

    Investor
  • Options
    GazesGazes Posts: 2,315 ✭✭✭✭✭

    Usually a good idea to buy when everyone is selling and sell when everyone is buying. After reading this thread, seems like a good time to buy.

  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭

    Gold has never been worth nothing (Someone said that, do not remember who)...I do not consider it an investment, rather a store of value. Sure, it has it's ups and downs...For those who stacked at $300-$400/oz., it is still looking very, very nice. Those who view the economy through a telescope (versus a microscope), know that it will likely go up in value again. Gold is good.... Cheers, RickO

  • Options
    BillJonesBillJones Posts: 35,882 ✭✭✭✭✭

    @bolivarshagnasty said:
    Coinflation has silver below 15 and gold below 1200 at 5:35 EST.

    So much for the pitch from the barkers on the radio who tell us that thre is not enough silver being produced in the world to satisfy demand, and that $50 an ounce silver will happen very soon.

    During 50+ years of serious collecting I've seen metals go up and down. It's a cycle that is tied to pessimism. I collect gold only for the fun of it, and not as an “investment.” The only bullion pieces I have are type sets of gold eagles in Proof and Uncirculated.

    The prices will come back, but it will probably be in the wake of another financial crisis.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Options
    RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    OK. We respectfully agree to agree..... :)

  • Options
    tommy44tommy44 Posts: 2,342 ✭✭✭✭✭

    @Gazes said:
    Usually a good idea to buy when everyone is selling and sell when everyone is buying. After reading this thread, seems like a good time to buy.

    Sounds good to me. Most people are wrong most of the time so be a contrarian.

    it's crackers to slip a rozzer the dropsy in snide

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Since I think we will ultimately LOSE our "economy" to Asia, I like to have a good deal of my crap in stuff that I can swap to a Kurdish goatherd for a boiled goat hoof if necessary.
    And....if I can get to Kurdistan through the mobs.

    Hell, we don't even have any factories to BUILD any "instruments of war" for a...conventional.... confrontation.

  • Options
    OKbustchaserOKbustchaser Posts: 5,570 ✭✭✭✭✭

    Doesn't hurt my feelings a bit. I'm still hoping for a return to 1991 prices--380 an ounce for gold; under 5 for silver.

    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • Options
    bolivarshagnastybolivarshagnasty Posts: 7,359 ✭✭✭✭✭

    @topstuf Hell, we don't even have any factories to BUILD any "instruments of war" for a...conventional.... confrontation.

    We didn't have it in world war 2 until FDR told Chrysler, GM, and Ford that they would be building tanks and jeeps instead of cars and trucks.

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @bolivarshagnasty said:
    @topstuf Hell, we don't even have any factories to BUILD any "instruments of war" for a...conventional.... confrontation.

    We didn't have it in world war 2 until FDR told Chrysler, GM, and Ford that they would be building tanks and jeeps instead of cars and trucks.

    True but a switch from cars to guns is a helluva lot quicker if they're still making useful steel things.

    Course, Walmart might be able to tool up for some greeters to welcome the hordes of enemies. :D

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file