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Gold

 
Anonymous Coward
User ID: 73612395
04/16/2019 10:28 PM
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Re: Gold
I placed an order for a 1 oz American Eagle over the weekend. Came out to $1340 with the premium and shipping. Of course gold get hammered down lower today but I don't give a shit.

It's really never a bad time to buy physical gold so long as you do it as an insurance strategy as opposed to making a profit.
Mental Case

User ID: 77567184
United States
04/16/2019 11:13 PM
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Re: Gold
I placed an order for a 1 oz American Eagle over the weekend. Came out to $1340 with the premium and shipping. Of course gold get hammered down lower today but I don't give a shit.

It's really never a bad time to buy physical gold so long as you do it as an insurance strategy as opposed to making a profit.

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Good for you!

Gold is cool to look at & hold in your hand.

As far as timing goes, it doesn't matter...I first bought gold at $400 an ounce & it immediately dropped to 250 an ounce. But now, 400 an ounce looks pretty good!
If I am going to be damned...I am going to be damned for who I really am!
Multidimensionally aware

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United States
04/17/2019 01:49 PM

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Re: Gold
1277
Burnt around the edges

User ID: 76730417
United States
04/17/2019 02:15 PM
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Re: Gold
Silver,( or Gold), are supposed to go to 15 to 20 times their relative value in 10 years or so. So if they go up, Then gold and silver will keep pace with all commodities such as bread, wheat, pork bellies,( bacon), the rest of it . So pick out the best commodities that you believe will rise and put a saddle them and hold on and take a clean pair of Jeans with you. It's gonna be an exciting allbeit'
Michael B
Burnt around the edges

User ID: 76730417
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04/17/2019 02:15 PM
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Re: Gold
Silver,( or Gold), are supposed to go to 15 to 20 times their relative value in 10 years or so. So if they go up, Then gold and silver will keep pace with all commodities such as bread, wheat, pork bellies,( bacon), the rest of it . So pick out the best commodities that you believe will rise and put a saddle them and hold on and take a clean pair of Jeans with you. It's gonna be an exciting allbeit'
Michael B
Burnt around the edges

User ID: 76730417
United States
04/17/2019 02:15 PM
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Re: Gold
Silver,( or Gold), are supposed to go to 15 to 20 times their relative value in 10 years or so. So if they go up, Then gold and silver will keep pace with all commodities such as bread, wheat, pork bellies,( bacon), the rest of it . So pick out the best commodities that you believe will rise and put a saddle them and hold on and take a clean pair of Jeans with you. It's gonna be an exciting allbeit'
Michael B
Burnt around the edges

User ID: 76730417
United States
04/17/2019 02:15 PM
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Re: Gold
Silver,( or Gold), are supposed to go to 15 to 20 times their relative value in 10 years or so. So if they go up, Then gold and silver will keep pace with all commodities such as bread, wheat, pork bellies,( bacon), the rest of it . So pick out the best commodities that you believe will rise and put a saddle them and hold on and take a clean pair of Jeans with you. It's gonna be an exciting allbeit'
Michael B
Multidimensionally aware

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04/18/2019 10:13 AM

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Re: Gold
Down again.

1272
Didyabringyabongalong​

User ID: 74912760
Australia
04/18/2019 11:17 AM

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Re: Gold
So gold and silver are hedges against inflation, not so much an investment.

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In a nutshell...yes that is correct.

But there is a "possibility" for gold to soar in value...but that may or may not happen in our life times.

You could come up with a new alloy that increases demand for gold (I think they just mixed gold with platinum to make a metal that never wears out)...something like that.

Or if the gold manipulation ended (it wont) then the price of gold could soar.

But those are maybes and ifs.

Edit: Also, even in the event of world wide calamity, gold & silver hold value.

In 5,000 years gold has never gone to zero!

While stocks, bonds, and currencies have fallen to zero...it has never happened to gold.
 Quoting: Mental Case


Bullish in gold and inverted yield curve has many saying a recession is nigh. I think the Fed knew manufactured this when they raised the cash rate so they'd have some room to move when/if a crisis were to unfold since jury is still out if QE actually did anything.


I'm not saying Carsh but...
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