ECON Gold and Silver news
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Southside
Has No Life - Lives on TB
Expect it.
Hfcomms
EN66iq
Wouldn't we all, been a long trip.
Hfcomms
EN66iq
Patience is a virtue, possess it if you can. Seldom found in women and never found in men.
We have thousands of years of history on our side and with gold posting almost daily new highs and silver about half the old highs it is just a matter of time. Paper games always fail eventually and our patience will be rewarded if past history means anything and I think it does especially since virtually the whole world is bankrupting now.
Great Northwet
Veteran Member
Just a note here; both silver and gold leaf are used for shielding satellites from the extreme temperatures in space and with starlink there have been a lot of launches lately and that will continue for some time.
Best to think of it as insurance, and not an investment.
Hfcomms
EN66iq
Even the paper metal prices are responding well again this morning. I agree fully that the metals are not as much investments as they are hard money. For me they do better than a 401K or rolling the dice in the crypto sphere. While I don’t see them as investments, fortunes have been made by buying out of favor assets at bargain basement prices and then holding on as these markets do tend to be cyclical.
With silver at just over half it‘s all time highs as opposed to gold making daily new highs I really can’t think of a better place to be and that is why I bought more yesterday. If silver was something nobody used that would be one thing but silver is in a long term deficit as far as the supply/demand equation. Sooner or later the paper market will break. Just remember you don’t (or shouldn’t) buy them because you think the price is going up or to become wealthy. The metals are wealth and that is why central banks vault more and more physical gold and not pork bellies or wheat.
People in Venezuela and other depressed economies have options while their countrymen are in abject poverty depending on government handouts which are fewer and farther between. I know most of us on the thread know this and have fully boughten in. Just be encouraged that you are doing the right thing and after you have done everything else to prep we have thousands of years of history to reassure you that you are doing what you are supposed to do.
With silver at just over half it‘s all time highs as opposed to gold making daily new highs I really can’t think of a better place to be and that is why I bought more yesterday. If silver was something nobody used that would be one thing but silver is in a long term deficit as far as the supply/demand equation. Sooner or later the paper market will break. Just remember you don’t (or shouldn’t) buy them because you think the price is going up or to become wealthy. The metals are wealth and that is why central banks vault more and more physical gold and not pork bellies or wheat.
People in Venezuela and other depressed economies have options while their countrymen are in abject poverty depending on government handouts which are fewer and farther between. I know most of us on the thread know this and have fully boughten in. Just be encouraged that you are doing the right thing and after you have done everything else to prep we have thousands of years of history to reassure you that you are doing what you are supposed to do.
They use to. Not so much these days as they eeport holdings to tge account owner’s country for tax purposes. The.cook Islands are aboutthe only ones that don’t recognize US laws.
West
Senior
To pay taxes or rent, etc ?
I found myself in just such a messed up situation before sucks!
Hfcomms
EN66iq
And even lowly silver really isn’t doing awful even if we think so. Back in 1964 when junk silver was last issued gas was .30 cents a gallon or three silver dimes. Right now with the paper spot silver price the melt value for a silver dime is $1.86 so if you are not paying $5.58 for a gallon of gas (3 dimes worth) your silver is better off than it was 60 years ago.
You certainly aren’t getting rich or making money with silver currently but you are not losing purchasing power either like paper currency under the bed. Even with overt manipulation its holding it’s own. Investors have been spoiled today expecting a 2x or 3x return in a short period of time. That may be the new normal but it isn’t a historical norm and has only become commonplace by the irresponsible printing of currency,
Slow and steady wins the race. Tortoise vs hare and all that.
You certainly aren’t getting rich or making money with silver currently but you are not losing purchasing power either like paper currency under the bed. Even with overt manipulation its holding it’s own. Investors have been spoiled today expecting a 2x or 3x return in a short period of time. That may be the new normal but it isn’t a historical norm and has only become commonplace by the irresponsible printing of currency,
Slow and steady wins the race. Tortoise vs hare and all that.
Not me, I hope Ag goes high so the GSR gets to a reasonable level & then convert Ag to Au.
von Koehler
Has No Life - Lives on TB
Historically, during times of extreme stress and war, the rich often buried their personal horde of gold and silver.
Some of them never reclaimed their treasure and metal detectors continue to discover them.
It is amazing how much wealth they once had, never to be useful again.
DFENZ
Contributing Member
Usually, gold starts the move and then silver joins the party; and silver seems to be just waking up now. Not a bad move and it's showing up in the GSR, dropping a couple of ounces in the last 24 hours.
Johnny Twoguns
Senior Member
lol
Au $2270.00, Ag approaching $26.00, GSR 87.4/1 as of this post.
naegling62
Veteran Member
Wow, it did this with the American markets open. That doesn't happen often.
Southside
Has No Life - Lives on TB
Not a joke!
If you been there for 25 years......
Southside
Has No Life - Lives on TB
most of this run has happened in the American markets.
Edit to add: In the past, you would have been correct.
BadMedicine
Would *I* Lie???
It was $3 in 99, so a 10 fold increase, really pretty hard to beat. Gold was $300 at the time.... Closer to 7 fold.. so has silver out performed gold lately? Yes. Is it going to continue to? Yes.
SusieSunshine
Veteran Member
I heard a commercial last night on the radio. A jewelry store was advertising diamond rings for junk silver.
They said a $5000.00 diamond for $500 in junk silver.
They said a $5000.00 diamond for $500 in junk silver.
Hfcomms
EN66iq
I bought a good metal detector years ago but I never had the patience for it. After digging up a bunch of old door knobs and hinges it wasn't a lot of fun. Most of the good spots have been picked over.
von Koehler
Has No Life - Lives on TB
Considering the marriage rate is currently only 6.5 men out of a thousand, wedding rings are approaching "junk" status.
Diamonds are not as rare as their marketing efforts try to indicate.
von Koehler
Has No Life - Lives on TB
Nearly all major finds are in Europa. Many date from the end of empires, especially the Roman Empire.
West
Senior
In the late 80s and early 90s we not only mined/prospected our own BLM claims, but we also found time to metal detect old ghost towns in the gold fields of Northern California and Southern Oregon. Also spent a lot of time in both research and detecting in areas Black Bart robbed many stagecoaches.
thehistoryjunkie.com
We spent way more monies and energies in treasure hunting and mining than if we had just buckled down and just had bought PMs outright from a exchange with cash we made in the construction trades.
Learn a lot with bad decisions. I may need to make some more bad decisions before I learn better though.
Black Bart - The Gentleman Outlaw Who Robbed Stagecoaches
Black Bart was a notorious stagecoach robber during the 1870s and 1880s until his arrest. He stole over a million dollars when adjusted for inflation.
thehistoryjunkie.com
We spent way more monies and energies in treasure hunting and mining than if we had just buckled down and just had bought PMs outright from a exchange with cash we made in the construction trades.
Learn a lot with bad decisions. I may need to make some more bad decisions before I learn better though.
Southside
Has No Life - Lives on TB
Fact.
Wyominglarry
Veteran Member
Buy it and hold it in your hands. A friend of mine bought gold and silver from a company that offered to store it in their vault and not charge him. They told him he can get it shipped whenever he wants. During the last banking panic he called the company and asked for his PMs. Guess what? They told him it will be about a month, since they are out of PMs due to the huge number of orders. He was super pissed and threaten to sue them if they did not get his PMs shipped by the end of the day. They told him read the fine print in his agreement with them. He got his PMs about 3 weeks later and learned a valuable lesson. If you do not hold them in your hands you really do not own them.
psychgirl
Has No Life - Lives on TB
What area?
West
Senior
Southside
Has No Life - Lives on TB
Wow! That's quite a premium on the math challenged. "Junk" silver dimes are worth a skosh under $1.90 each right now...
Summerthyme