Loretta Van Riet
Trying to hang out with the cool kids.
Anyone excited this morning's price is $1290 ??
CHAT Current price of gold...
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NoMoreLibs
Kill Commie's, Every Single One Of Them!
All the prices are down this morning. Good buying opportunity. Still saving towards my next chunk of real money.
Hfcomms
EN66iq
I could frankly care less what the quoted price in dollars is for gold and silver. I value my holdings in ounces possessed and not in the fiat paper quotes. Sooner or later the price suppression scheme will fail but for those that are looking for even a better buy take advantage of the game while you can.
Bubble Head
Has No Life - Lives on TB
Federal Reserve as well as other government entities can inflate and deflate paper or crypto at will. They can also steal the equity in your home or land by taxes. They can't do that with gold or silver.
Hfcomms
EN66iq
Bottom is falling out of the bond market today and that is why the stock market is taking a hit and why paper gold and silver are in the toilet. The bond market is the tail that wags the dog. And a little bit of a longer view. This is a significant hit today.
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Frankly, no. Not excited.
Might be a better time to buy than a day ago, but tomorrow might bring better yet. Daily fluctuations mean little. Dollar cost averaging will skate you over daily fluctuations, ACCUMULATION and not market timing should be the watchword.
Most will ignore this advice of course.
What - ME, buy gold?
Might be a better time to buy than a day ago, but tomorrow might bring better yet. Daily fluctuations mean little. Dollar cost averaging will skate you over daily fluctuations, ACCUMULATION and not market timing should be the watchword.
Most will ignore this advice of course.
What - ME, buy gold? 
Jonas
Veteran Member
I have many reservations about precious metals, although I have some “junk silver” etc. I often find myself thinking “gold is up so dollar is down” and the reverse naturally is true.
A day is coming when nothing material will be of any value. I don’t plan on being here!
Revelation 18:16-17
A day is coming when nothing material will be of any value. I don’t plan on being here!
Revelation 18:16-17
But until that day.....
Hfcomms
EN66iq
And that could be millennium into the future or well past your natural lifetime. Or in other words...
LK 19:13 ....Occupy till I come.
NoMoreLibs
Kill Commie's, Every Single One Of Them!
Frankly, no. Not excited.
Might be a better time to buy than a day ago, but tomorrow might bring better yet. Daily fluctuations mean little. Dollar cost averaging will skate you over daily fluctuations, ACCUMULATION and not market timing should be the watchword.
Most will ignore this advice of course.
How are you DCA'ing Au? Just curious, because, say, you put aside $200 for each purchase. It will hardly ever work out even. I've tried it but am always off from 5 - 10 bucks, or is that OK for DCA?
How are you DCA'ing Au?
https://www.apmex.com/category/11104/1-10-oz-gold-eagles for example.
No, you can never get it even, exactly. But close is good enough, and IMO small denomination coins are better overall. Even though multiple transactions do add to the cost.
Franklin Sanders (https://the-moneychanger.com/) often has smaller foreign gold, US Mint commemoratives, etc at good prices. Ask them about their MAP (Monthly Acquisition Plan) too.
https://www.apmex.com/category/11104/1-10-oz-gold-eagles for example.
No, you can never get it even, exactly. But close is good enough, and IMO small denomination coins are better overall. Even though multiple transactions do add to the cost.
Franklin Sanders (https://the-moneychanger.com/) often has smaller foreign gold, US Mint commemoratives, etc at good prices. Ask them about their MAP (Monthly Acquisition Plan) too.
coalcracker
Veteran Member
Amen!
The problem with gold and silver is that all of history is now leading us wrong. Precious metals have always been a store of value, for thousands of years, but not anymore. The computer has forever changed commerce. In the upcoming cashless system, gold, silver, and every other commodity will be assigned their arbitrary values. You want to buy or sell gold? Fine. You'll do so within the computer/internet/wireless system of commerce.
We really didn't think they would let anything exist outside of their control, did we?
Racing22
Crew Chief
Most will ignore this advice of course.
Exactly, just back up the truck and fill it up, such an awesome investment this year! Check out the Gold chart below YTD!
Meanwhile, my defense stocks are up 5% so far YTD... Oh well....
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coalcracker
Veteran Member
We really didn't think they would let anything exist outside of their system
Do you plan on only dealing with "them?"
How about US?
There is no earthly way to beat the system.
Gold is better than fiat. So is silver.
BUT
Do not think for a second that these or any other commodities will allow you to operate outside the system. It is not going to go down that way. Divine intervention. Faith. Not gold.
Profit of Doom
Dismember
Dosadi
Brown Coat
go buy or price a ounce of gold that you can pay for and take immediate physical ownership of.
Those prices seldom match the paper stuff ya can find online.
Don't care if they call it premium or what.
it is always the amount of fiat you have to hand over to have them hand you that ounce.
seldom do the two equal between reported and actual ftf purchase.
Those prices seldom match the paper stuff ya can find online.
Don't care if they call it premium or what.
it is always the amount of fiat you have to hand over to have them hand you that ounce.
seldom do the two equal between reported and actual ftf purchase.
coalcracker
Veteran Member
I would say the magi are just about a perfect example of what I'm talking about. They walked hundreds of miles, guided by a star. That is faith. Then after the star disappeared, they stuck around until it reappeared. That is a faith that persevered.
Now, I am not dissing gold. I own some myself. My point is that we should not trust in it. The danger is to think our precious metals will rescue us. They won't. Ponder what the future of commerce will be. I guarantee it will be cashless. Digital currency. I personally do not see gold being a factor. What gold did as currency worked for millennia, but we are not in the same world anymore. The computer changed the paradigm.
Ponder what the future of commerce will be. I guarantee it will be cashless. Digital currency. I personally do not see gold being a factor. What gold did as currency worked for millennia, but we are not in the same world anymore. The computer changed the paradigm.
I'm not all that old, relatively speaking, but I have studied history formally (BA) and as a lifelong personal pursuit. And I have yet to see a world that did not change, or a paradigm that did not shift.
You keep talking about faith - you certainly are demonstrating that very thing, but you might want to ask yourself if it could be misplaced.
I'm not all that old, relatively speaking, but I have studied history formally (BA) and as a lifelong personal pursuit. And I have yet to see a world that did not change, or a paradigm that did not shift.
You keep talking about faith - you certainly are demonstrating that very thing, but you might want to ask yourself if it could be misplaced.
NoDandy
Has No Life - Lives on TB
Great Northwet
Veteran Member
Silver below $16 is a buy signal alone. I'll sell the Bitcoin and get into something that has real value.
Racing22
Crew Chief
This is the correct answer. Gold will NOT rescue anyone.
First, the majority of commerce will be digital. When that breaks down, cash will be king. When the cash is gone, it won't matter how much gold (or silver) you're holding in your sweaty hands. At that point, the Zombie hoards will have already eaten you.
In a far away fantasy, some people think gold will save them. It is such a long shot if that will come true today. There might be a very slim chance, you might be able to vacuum up all the deals in the world for pennies on the dollar with the gold you're holding... but with those odds, you stand a better chance hitting the lottery...
SageRock
Veteran Member
Digital works only while the electricity works and the networks are running.
Gold has no counterparty risk. It vouches for itself, and it doesn't require electricity and a working internet to be validated.
Racing22
Crew Chief
So, when the electricity isn't working and the networks are down, what exactly do you think you'll be doing with your gold? Are there many grocery stores in your area that accept gold coins for bread and milk when there's no electricity?
You could ask one of 'my' generals (he was my CO for several years) how that sort of thing works. See his autobio at https://www.barnesandnoble.com/w/hope-and-honor-sid-shachnow/1101968159 if you want details.
He and his Jewish family (part of it) escaped Nazi controlled Europe in WW2, and little Sid carried the family fortune, converted to unset precious stones, up his bottom in a cloth bag when 'deep cover' was necessary. Stones are about the only thing that concentrate more value for their volume than gold.
As long as there is greed, gold will be useful ...
He and his Jewish family (part of it) escaped Nazi controlled Europe in WW2, and little Sid carried the family fortune, converted to unset precious stones, up his bottom in a cloth bag when 'deep cover' was necessary. Stones are about the only thing that concentrate more value for their volume than gold.
As long as there is greed, gold will be useful ...
SageRock
Veteran Member
Well, there are local ranchers with beef cattle, and they might swap some sides of beef for some coins. At least they're both tangibles.
Digital representations of money are the last gasp of evaporating reality. They're part of the overall lunacy of our current world. Best not to put one's faith in lunacy.
Ractivist
Pride comes before the fall.....Pride month ended.
There will always be greed.........up till there is no more....... very good point.
Water filtration, food, seed, tools, shelters, etc................etc..............etc............then pm's. If a person has investments, beyond the petty cash, it makes sense in this day and age. Though the Bible has a word or two about who will buy....in that day and age. Tough times ahead.
West
Senior
Muse...
The Base (base metals) is still up and bullish. Miners are banking off the base. They can afford to sell PMs a bit cheaper.
Gold is still priced closer to reality than silver. Silver is undervalued by hook and crook paper/digit scams.
Just the summer doldrums in the PM markets, thinking the PM bull run return this fall.
The Base (base metals) is still up and bullish. Miners are banking off the base. They can afford to sell PMs a bit cheaper.
Gold is still priced closer to reality than silver. Silver is undervalued by hook and crook paper/digit scams.
Just the summer doldrums in the PM markets, thinking the PM bull run return this fall.
coalcracker
Veteran Member
Sage,
Totally agree. If it's gold vs. fiat, no contest. Gold wins every time.
But....
One of underlying premises for buying gold in 2018 is no longer valid. Gold as currency or as a backing for currency is never coming back. Never. How do we know this? I give you an analogy:
Horses were used as a primary means for transportation for millennia, but not today. Why? Because cars (on the road) and ATVs (off road) are faster and more convenient. Horses may enjoy a short term renaissance in a Mad Max world, but ultimately technology has replaced them. They were also a great weapon in warfare, but tech did them in there as well. Similarly, gold. In a pre-computer world, it was the ultimate currency and store of wealth. Granted, it still has intrinsic value as a rare and shiny yellow metal, but it has no value as currency. Not even in the present. Today we have to convert it to dollars. Tomorrow we will buy and sell it within the digital currency of the day. We will never pull up to a gas pump and pay in gold and silver. Those days are gone.
Prepper love of gold is based on thousands of years of history that no longer apply. Precious metals in today's world are too slow and inconvenient to be used as currency. We preppers also fall for the fallacy that the next system of commerce will need honest money. In an earlier post, Dozdoats correctly pointed to the greed in the human heart. Honesty is the last thing governments want. They want control. They want power. Throughout history, gold gave them the power, but nowadays computer finance does a much more efficient job.
The telegraph was once useful.
Windows 7 was once useful.
Cassette tapes were once useful.
Gold as a store of wealth...can you bring yourself to say it?
SageRock
Veteran Member
Gold is a store of wealth.
Your analogies of horse-and-buggy must have come straight from the Fed, the Soros clan, or something of similar ilk. Those people are most definitely hostile to gold, as they deride it endlessly. Yet governments around the world are retaining their gold and in many cases aggressively adding to their stores, basket cases like Venezuela excepted. China and Russia are adding to their gold, Germany demanded their gold back, and many others are doing the same.
Go peddle your wares somewhere else. No sale here.
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Hfcomms
EN66iq
@Sage
...buying gold in 2018 no longer valid? That is quite a presumptuous statement on your part. Using your analogy (flawed imo) then someone could of made the same statement 120 years ago when industry and transportation moved from steam power to the internal combustion engine. Someone could of said back then that gold no longer held value for this new motor age they were moving into.
Gold has held value for all of recorded human history. Let that sink in a bit. What is 'big money' doing? They are the ones who write the laws and run the banking and financial systems. They all speak as your opinion of gold being a barbarous relic that no longer functions as it used to. That is what they speak but what are they doing?
Take a look at gold holdings for the major eastern central banks and world powers. Power is moving from west to east. Gold is moving from west to east. Gold holdings are increasing drastically in China and Russia. Other nations are repatriating their gold from the U.S. And bringing it back home. Ask yourself the simple question of why?. They know that gold is money and a store of value at the same time they push fait currency and credit to the rest of us. If your premise was correct gold would be playing less of a role and not more. Like all thing we discuss here pay attention to what they are doing and not what they are saying.
...buying gold in 2018 no longer valid? That is quite a presumptuous statement on your part. Using your analogy (flawed imo) then someone could of made the same statement 120 years ago when industry and transportation moved from steam power to the internal combustion engine. Someone could of said back then that gold no longer held value for this new motor age they were moving into.
Gold has held value for all of recorded human history. Let that sink in a bit. What is 'big money' doing? They are the ones who write the laws and run the banking and financial systems. They all speak as your opinion of gold being a barbarous relic that no longer functions as it used to. That is what they speak but what are they doing?
Take a look at gold holdings for the major eastern central banks and world powers. Power is moving from west to east. Gold is moving from west to east. Gold holdings are increasing drastically in China and Russia. Other nations are repatriating their gold from the U.S. And bringing it back home. Ask yourself the simple question of why?. They know that gold is money and a store of value at the same time they push fait currency and credit to the rest of us. If your premise was correct gold would be playing less of a role and not more. Like all thing we discuss here pay attention to what they are doing and not what they are saying.
The one thing you can bet on is that time will tell.
So far Keynes has been flat wrong and the Austrians have been right more than wrong.
https://www.mises.org/
So far Keynes has been flat wrong and the Austrians have been right more than wrong.
https://www.mises.org/
hiwall
Has No Life - Lives on TB
If it is true that Russia and China (and maybe others) are buying up gold to greatly increase their supply, then why is the price of gold basically flat for the last few years?
Yes I do realize that it is a proven fact that banks manipulate the price of gold but for how long and to what extent can this be done? Supposedly Russia and China are buying TONS of gold so trying to suppress the price I would think would be near impossible.
Yes I do realize that it is a proven fact that banks manipulate the price of gold but for how long and to what extent can this be done? Supposedly Russia and China are buying TONS of gold so trying to suppress the price I would think would be near impossible.
coalcracker
Veteran Member
It is a question that requires challenging all of our assumptions.
Hopefully we all will gather in the realm of justice and truth where the streets are GOLD, interestingly enough, and realize that only faith, hope, and love have eternal value.
Hopefully we all will gather in the realm of justice and truth where the streets are GOLD, interestingly enough, and realize that only faith, hope, and love have eternal value.
coalcracker
Veteran Member
The issue is control. The Chinese, like prepper goldbugs, are thinking gold may back a future currency. The Western banks are banking (poor pun) on a digital, cashless future. Which is more honest? Gold-backed, of course. But my guess is the Chinese are more interested in gold as a means of power and control. There will be war.