Just saw that at 10 PM ET on March 31, 2024 that gold hit $2,270 per ounce.

I wonder if anyone will regret not buying gold when it first hit $2,270

__________________
Buy American
Vote Responsibly

Doller cost averaging.

__________________
No baby we aint

...but I missed my chance.

__________________
"He was kinda funny lookin'"

Debt Clock.org show "10 yr gold/dollar ratio" a little less than $10K/oz., $15K for 5 yr. Coupled with a quickly shrinking "money supply" things might get "interesting." I ain't buying any "hedges" currently, trying not to let the "crazy pandemic" infect me. Whatever happens to America happens to me. I'm OK with that. Joe

__________________
Wisdom chases me; I'm faster

A lot of people on this forum seem to like gold & silver as an investment. Whenever I’ve looked at it the commissions killed the idea for me. There is a large well known precious mental dealer near me with a running ticker on their website. It just never made sense for me. Especially selling it. I think it would be kinda neat to have bars stacked up in my safe but cash is just easier.

Can't eat it. Can't shoot it. Not as good as cash for kindling.

__________________
Because of the metric system?

Trying to time things is mostly a sucker's game. It can be done, but you have to have your emotions in check.

As with any asset, it either belongs in your portfolio due to its asset characteristics, or it doesn't. Buy it based on that.

But to your question, yes, many will. They will say "oh, I missed it" and watch it go to $3,000. At which point they will buy because they don't want to miss any more and it will universally be forecast to run forever. That, of course will be the top and when it gets down to $2,000 again they will sell, unable to bear anymore pain. Which will be the bottom...

Cue up the old joke: How do you make a small fortune in the precious metals market?

I get the hot potato in my hands feeling about gold these days. I want to pick it up, but something tells be it's gonna hurt. I don't mind some small fees, but they have all but vanished.

__________________
paws for friendship

I have the feeling if these companies have to spend so much advertising their product it is over rated (AKA over priced). If it was priced right it would sell itself.

__________________
14 S&W Revs none with locks!

The local pawn shop buys 1 oz gold coins at about $100 less than “spot” and it cost about $100 over spot to buy gold coins on eBay.

To me, gold seems to be a hedge against big inflation but not an investment.

__________________
Buy American
Vote Responsibly

Nope! Might regret not buying more under $2,000.
Lately have bought a little Plata. Silver.

__________________
NRA LIFE MEMBER

No. Just checked my Edward Jones accounts - they've averaged 12% over the past 2 years. They only dipped in '07-'08, but regained quickly after.

Nah. I remember when some were touting getting out of the Dow at 25,000. I rode it out.

__________________
Sure you did

If I remember correctly, the old adage is "Buy low and sell high". Doing the opposite doesn't work nearly as well.

I was one of those - getting out and back in after calming down was a really cheap lesson.

Nope...and nope. If I buy PMs it's gonna be silver. It is underpriced at historic levels compared to gold. I do buy an occasional silver dollar. I'll take 'em for barter on guns ammo and reloading aaaaat my evaluation

Oh boy, if only we could connect him with Washington DC Joe

__________________
Wisdom chases me; I'm faster

Here’s a couple Ounces of Gold.
We are in at about $100.

Attached Images

IMG_2148.jpeg (229.0 KB, 107 views)

__________________
NRA LIFE MEMBER

Likely will see gold closer back to $1500 instead
of reaching $3000.00.

I guess you could short-sell gold if you really wanted to.

No riskier than buying coins on Ebay.

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.

ANd when the big one hits,, youll barely be able to get face value on that 5,000$ by weight 1 dollar coin

Pork bellies!!!

There's a short ETF: DGZ

No but I would be happy if I had a gyppo mine.

__________________
Front sight and squeeze

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 ...!

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

__________________
Buy American
Vote Responsibly

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.

What happens to gold/sliver when the Fed switches to bitcoin and does away with cash?

Lost my big gold wedding band, so I had best start digging. I could be rich.

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

__________________
Wisdom chases me; I'm faster

I regret not buying frozen concentrated orange juice futures before the crop report came out.

I wonder how Beeks is making out?

__________________
Music/Sports/Beer fan

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.

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!!

__________________
Gary
SWCA 2515

I was wondering about this a few short years ago when gold hit $1,000 an ounce. I stopped buying at $1,200.

__________________
Inconsistently consistent

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.

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.

__________________
So many S&W's, so few funds!!

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.

Jamie Lee Curtis has held her value.

__________________
213th FBINA

The biggest problem with silver is it would be hard to carry it all if I decide to go on the lam.

I don't consider gold & silver to be investments, but as a hedge against the collapse of the dollar. 20 years ago that seemed like a ridiculous concern. Today...?

Greenbacks are a debt instrument. They represent the Fed's promise (and ability) to pay off its debt. The likelihood of that should be obvious.

__________________
Common sense isn't so common.

My thinking is that beans and bullets will have more value than gold when the SHTF. But I've been told I'm dumb as a clam. Larry

Nope.

I am not a fan of silver and gold myself, or anything "man" values as precious really.

Not a fan of paper money either, and think that if the people in charge of such things (on all sides & worldwide) keep making bad decisions with our economy and money, that'll be worthless at some point too.

I prefer to invest in steel and lead.

The old adage of the 3 B's: Beans, Bandages, and Bullets.

As someone else said, you can't eat gold either...

To each their own. I like the idea of having tangible objects that benefit my day to day life.

I wouldn't turn down a gold mine if I stumbled onto one, but I don't willingly buy into it either as an investment. Like anything else, it clearly fluctuates. No promise of return on investment.

Also, any end of the world as we know it movie I can recall, no one seemed to care about gold that I can think of.

__________________
Go ahead... make my day.

Me too. The buying and selling commissions will eat you alive........And....What's a metal bar when might need cash fast?

__________________
S&W Accumulator

I cannot eat gold or load it into any of my firearms. I imagine that lead will be the post apocalyptic metal of choice.

Well, I can say I won't. Never had any interest in buying gold as an investment, and very rarely as a trinket.

Seems to be a lot of assumptions that the purpose is to prep for a Walking Dead scenario. A repeat of a Weimar Republic or Rhodesia situation is much more likely.

__________________
Common sense isn't so common.

I remember when it was 35.00 oz

Sent from my LGL455DL using Tapatalk

__________________
Don