Yeah, we shoudda bought all them Krugerands at $35 each
Will anyone regret not buying gold at $2,270 ?
- Thread starter bushmaster1313
- Start date
Yeah, we shoudda bought all them Krugerands at $35 each
Interest payments alone, on our national debt, are projected to be $900,000,000,000 this year.
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Yep, it is now larger than the defense budget. I don't like to odds of the debt ever being repaid.
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THE PILGRIM
Member
venomballistics
Member
About as much as I regret not getting in on crypto.
Gold doesn't move much, which means your trading off profit potential for stability.
If you're playing the market, it's not a bad place to park your bankroll while the high risk and potential stocks are in gopher seeking mode. There are better piggy-banks though
Gold doesn't move much, which means your trading off profit potential for stability.
If you're playing the market, it's not a bad place to park your bankroll while the high risk and potential stocks are in gopher seeking mode. There are better piggy-banks though
Interesting coincidence, gold opened today at $2720. Currently up $25.
I sold a little of my stash when it hit $2500. Next target was $2750. Think I'll wait. Most of this was accumulated in the 1990's when gold was averaging around $300.
But as interest, is it tax deductible?
I found some quartz with ribbon gold in it...just a few pieces.. Never did find the lode. I thunk I was rich getting a 100 bucks...only gold we find here now is what they call dust. Pan out a couple tons and get half an ounce if'n you're lucky Lotta work ain't it Ziggy?
Uhhh, we passed that awhile ago. Currently about $975 BILLION. Joe
U.S. National Debt Clock : Real Time
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Bitcoin at $94,000. What goes good with crow?
When i was a young guy I used to spend my entire tax return (not much some years) on ammo 148 W/C. That was my match ammo for the year.
Some years later didn't need to do that as ammo was provided. So I began buying some silver and gold. Used to buy a Treasury set a year or a bit more. Came across some other old coins that I acquired years ago.It wasn't that expensive during those years mid 80s-mid 90s. I definitely wouldn't or couldn't invest in any at the current prices.
Then the wife got involved, lucky for me, and took over our other savings above our pensions. Well, the gold has gone up some but the other deferred comp type savings has vastly out preformed any gold that I have. Still like having some but have thought about getting rid of it to buy a boat or something without using savings. Since it is all coins I guess the best way is to get the coins graded and go that route. But no local place to get them looked at. I took some to a big gun show, where a company/person had a booth that could appraise your gold. Put some coins in plastic holders and numbered them not trusting any switcharoo.
It was interesting guy and gal there looked at some 10-dollar coins, commented that there were a lot of fakes made in the early 70s and they had to look at some test to make sure they were real, how long had I had them, yada-yada. I kind of chuckled and said no they hadn't been reblued, and no barrel switches that I knew of. They looked at me oddly and I thanked them and left. I sometimes stick a couple of the newer coins in a zipper pocket when I go to gun shows as guys trade guns for gold if the right deal appeared. Funny one of the most valuable coins is the silver dollar "Liberty" coin in the 1995 set "Westpoint mint". It is valued more than the Gold Liberty and if proofed right many times more. Happened to see it on one of those coin shows on TV.
Part of the reason I joined in on this thread is if anyone has experience getting coins appraised/selling/ what to look for or avoid. I would appreciate any input.
Now I am a bit afraid to get rid of some because of the dollars problems. Maybe we might need it or something. We have no kids, no younger siblings, so no one to really leave anything to. One day I will be doing same thing with guns. My wife jokes about my plastic treasure chest (in the safe).
Some years later didn't need to do that as ammo was provided. So I began buying some silver and gold. Used to buy a Treasury set a year or a bit more. Came across some other old coins that I acquired years ago.It wasn't that expensive during those years mid 80s-mid 90s. I definitely wouldn't or couldn't invest in any at the current prices.
Then the wife got involved, lucky for me, and took over our other savings above our pensions. Well, the gold has gone up some but the other deferred comp type savings has vastly out preformed any gold that I have. Still like having some but have thought about getting rid of it to buy a boat or something without using savings. Since it is all coins I guess the best way is to get the coins graded and go that route. But no local place to get them looked at. I took some to a big gun show, where a company/person had a booth that could appraise your gold. Put some coins in plastic holders and numbered them not trusting any switcharoo.
It was interesting guy and gal there looked at some 10-dollar coins, commented that there were a lot of fakes made in the early 70s and they had to look at some test to make sure they were real, how long had I had them, yada-yada. I kind of chuckled and said no they hadn't been reblued, and no barrel switches that I knew of. They looked at me oddly and I thanked them and left. I sometimes stick a couple of the newer coins in a zipper pocket when I go to gun shows as guys trade guns for gold if the right deal appeared. Funny one of the most valuable coins is the silver dollar "Liberty" coin in the 1995 set "Westpoint mint". It is valued more than the Gold Liberty and if proofed right many times more. Happened to see it on one of those coin shows on TV.
Part of the reason I joined in on this thread is if anyone has experience getting coins appraised/selling/ what to look for or avoid. I would appreciate any input.
Now I am a bit afraid to get rid of some because of the dollars problems. Maybe we might need it or something. We have no kids, no younger siblings, so no one to really leave anything to. One day I will be doing same thing with guns. My wife jokes about my plastic treasure chest (in the safe).
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Interest on the debt is just shy of $1 Trillion, will probably hit in just a few days.
If you think you might want to sell these, shop several different
coin shops and see what they would buy them for. They can also
test them for you to see if they are legit.
coin shops and see what they would buy them for. They can also
test them for you to see if they are legit.
I don't regret not buying gold at any price.
dsf
Member
This reminds me of winning an ounce of gold in 1979.
I was attending Southern Illinois University at Carbondale, majoring in Rheinlander beer and Little Kings. Local radio station had a contest, name 31 "oldies" songs in one minute. We recorded the advert and when I thought I had most of them, called in and requested what I thought the song was - such classics as "Things I'd Like to Say" or "The Cheater" or "Goodbye Cruel World" - and you had to name the artist. Number 31 was (fittingly) "Easier Said than Done" by the Essex.
Got all 31 of them, mailed it in and went to the local bar "Coo Coos" on Rte 13 for the announcement of who won. Which we did. I got one ounce of gold, still have it. I thought of selling it soon after, IIRC gold hit about $1K back then.
Now that I think of it, I could have bought two Colt Pythons for $1K and would have alot more than $2,700.00 now.
I was attending Southern Illinois University at Carbondale, majoring in Rheinlander beer and Little Kings. Local radio station had a contest, name 31 "oldies" songs in one minute. We recorded the advert and when I thought I had most of them, called in and requested what I thought the song was - such classics as "Things I'd Like to Say" or "The Cheater" or "Goodbye Cruel World" - and you had to name the artist. Number 31 was (fittingly) "Easier Said than Done" by the Essex.
Got all 31 of them, mailed it in and went to the local bar "Coo Coos" on Rte 13 for the announcement of who won. Which we did. I got one ounce of gold, still have it. I thought of selling it soon after, IIRC gold hit about $1K back then.
Now that I think of it, I could have bought two Colt Pythons for $1K and would have alot more than $2,700.00 now.
ron_c
US Veteran
The only nuggets we have around here are made of chicken.
sousana
Member
Back in the 80s I started buying 1oz K-rands from a local coin shop for $456 each. Picked up quite a few Canadian gold mples for like 10 bucks more. Also got into buying 1oz and 10oz JM rounds and bars in silver, price was like $5.4+1.50
I'm so glad I decided to back then considering prices nowadays.
I'm so glad I decided to back then considering prices nowadays.
I think since the election gold and silver will slowly come down in price. Less panic about inflation.
There was a big dip the week after, but prices are creeping back up again. I think the euphoria has worn off and the reality that nothing has changed has set in. We continue to spend far in excess of revenue and that is unlikely to change.
