Telecaster
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I guess you could short-sell gold if you really wanted to.
No riskier than buying coins on Ebay.
Will anyone regret not buying gold at $2,270 ?
- Thread starter bushmaster1313
- Start date
I guess you could short-sell gold if you really wanted to.
No riskier than buying coins on Ebay.
Rammer Jammer
Member
Good luck eating, shooting, or getting a good trade on that goldmif SHTF.
For me, it's hard to justify a one ounce Gold Eagle or Gold
Buffalo at that price. The last Gold Buffalo I bought early last
year was just a little over $2100.00 with the premium. I live
in Utah, and I have been buying 1 Utah Gold Backs in the
100 packs. A little more affordable for me, and legal tender in
the state.
Silver is a good buy now.
Buffalo at that price. The last Gold Buffalo I bought early last
year was just a little over $2100.00 with the premium. I live
in Utah, and I have been buying 1 Utah Gold Backs in the
100 packs. A little more affordable for me, and legal tender in
the state.
Silver is a good buy now.
Pork bellies!!!
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I guess you could short-sell gold if you really wanted to.
No riskier than buying coins on Ebay.
There's a short ETF: DGZ
I bought a gold dollar from the US Mint a few years ago, just because of the allure gold has always had and because I like the historical aspect of coins. It's neat, but it doesn't do much for me as far as wanting more.
I wonder if I should cash in gold scrap at this point (again).
The last time I did was when gold was around $1300 or so.
Sent it to a refiner that I buy the stuff from in wire and sheet form from originally.
Maybe if I wait a little longer, gold will ...!
The last time I did was when gold was around $1300 or so.
Sent it to a refiner that I buy the stuff from in wire and sheet form from originally.
Maybe if I wait a little longer, gold will ...!
OP
No riskier than buying coins on Ebay.
From the big outfits on eBay not much of a risk buying a U.S. Mint gold coin if you pay with a credit card
Oldengineer
Member
It seems to be a store of value rather than an investment. Same with silver and S&W revolvers. There is a lot of central bank buying of gold these days — especially China. I think those who Buy Gold don't Sell Gold.
gjgalligan
Member
What happens to gold/sliver when the Fed switches to bitcoin and does away with cash?
YeshuaIsa53
Member
Lost my big gold wedding band, so I had best start digging. I could be rich.
.....Silver is a good buy now.
Time once again for my "cautionary tale for rational adults." Back in 1980 or '81 I was pulling in large $$$ building EPCOT for the Mouse. I was mostly out of my mind but did have bits of clarity between "parties." I went up to Orlando one day and purchased this brick for $720+$40 assay fee, total $760. At the time Disney (DIS) was $13/share so my $760 would get roughly 58 shares. Since then there have been 2 4for1 splits and a 3for1. Those 58 shares would be 2784 shares today and currently around $120/share worth about $334,000. Yeah I still have the silver (wow! tripled in value!) instead of spending it all on stripper's kid's braces but dang, a hard life lesson. Y'all go on up ahead without me, I'll catch up eventually. Joe
I regret not buying frozen concentrated orange juice futures before the crop report came out.
I wonder how Beeks is making out?
I wonder how Beeks is making out?
GypsmJim
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There are commissions to buy and commissions to sell. If the price stays the same, and you sell you will lose about 20%.
It looks like the end days are upon us. But how long? If it is true, and we are still here, could precious metals get us thru it?
Buy gold and silver for survival, not for profit.
If Armageddon comes upon us, gold and silver will be any person's salvation. Or, will it?
I told my wife I was going to invest part of our retirement savings on gold and silver. She said no way. I bought 2 ARs instead.
It looks like the end days are upon us. But how long? If it is true, and we are still here, could precious metals get us thru it?
Buy gold and silver for survival, not for profit.
If Armageddon comes upon us, gold and silver will be any person's salvation. Or, will it?
I told my wife I was going to invest part of our retirement savings on gold and silver. She said no way. I bought 2 ARs instead.
I can relate gold price rise to my 401K. I look back to 2013 and find that I have made almost 80% gain, while gold was 35%, so . . . Gold prices rose to $1700 back then.
I will state that there are people who wonder when the dollar will implode and hedge their investments with gold. I am not one of them and hope the dollar hangs on longer than I do. Might be a horse race!!
I will state that there are people who wonder when the dollar will implode and hedge their investments with gold. I am not one of them and hope the dollar hangs on longer than I do. Might be a horse race!!
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I was wondering about this a few short years ago when gold hit $1,000 an ounce. I stopped buying at $1,200.
I have a good friend that buys and sells Precious Metals (PM), he will buy gold and silver regardless of where the price sits, he buys for $100 under spot...regardless. It isn't necessarily about timing or buying low and selling high when it comes to PM, you are either interested or not. My timing was great on an insurance settlement where the money was a windfall, I did not need to pay off any credit cards or have any outstanding debts that needed taking care off. I had dabbled with the PM market and chased silver beyond a reasonable amount. You can probably do better in the stock market but you can't hold that money in your hand. Gold and Silver will always have a value relative to the economy. If the SHTF you would be able to buy a car or have your roof done with gold, using silver to buy a dozen eggs for a dime, that is if the dollar absolutely tanks. Otherwise Gold and Silver will continue to rise as they have over the years. It is a fools mission to chase the PM market, I have been there done that. There are seasonal times when Gold goes high because of weddings in India, they buy a ton of gold.
The last time I bought gold it was $600 an ounce, I could have invested that elsewhere but a three times increase is pretty sweet. Had I hung onto it instead of trading for stuff I didn't need when it doubled I would have something today.
In this part of the country you can still buy a new car with Gold and Silver, any purchase you make with PM is a tax free event, it is a trade not a purchase. I had a buddy that gave his employees a choice of getting paid in silver or check, those he paid in silver worked in trade. He eventually got scoped out by the IRS and state agencies but he had a good time while it lasted.
The last time I bought gold it was $600 an ounce, I could have invested that elsewhere but a three times increase is pretty sweet. Had I hung onto it instead of trading for stuff I didn't need when it doubled I would have something today.
In this part of the country you can still buy a new car with Gold and Silver, any purchase you make with PM is a tax free event, it is a trade not a purchase. I had a buddy that gave his employees a choice of getting paid in silver or check, those he paid in silver worked in trade. He eventually got scoped out by the IRS and state agencies but he had a good time while it lasted.
For me, it's hard to justify a one ounce Gold Eagle or Gold
Buffalo at that price. The last Gold Buffalo I bought early last
year was just a little over $2100.00 with the premium. I live
in Utah, and I have been buying 1 Utah Gold Backs in the
100 packs. A little more affordable for me, and legal tender in
the state.
Silver is a good buy now.
Hard pass on the gold backs. At $6.25 (current price) a piece, it equates to paying $6,250 an ounce. Even if you only paid $5, it still is $5,000 an ounce. I could understand buying one (single, not a pack of 100) for the novelty but that is all.
Spurdann
Member
Only time will tell.
I buy insurance on my car, house, and health. I hope never to need it but when I do it pays in spades.
I buy precious metals based on the gold/silver ratio, now is the time to buy silver. Yea it sucks cause gold is running like a scalded ape, I abhor discipline but still I buy silver.
When I look at how much money is being printed I take comfort in having tangibles even if I pay too much.
I have faith in God, family, and friends.
I buy insurance on my car, house, and health. I hope never to need it but when I do it pays in spades.
I buy precious metals based on the gold/silver ratio, now is the time to buy silver. Yea it sucks cause gold is running like a scalded ape, I abhor discipline but still I buy silver.
When I look at how much money is being printed I take comfort in having tangibles even if I pay too much.
I have faith in God, family, and friends.
