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Joined: Oct 2009
Posts: 239
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OP
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Joined: Oct 2009
Posts: 239 |
Don't see a particular trigger. Accumulated bad news and they are both climbing
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Joined: Feb 2008
Posts: 8,616
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,616 |
A Trillion in New Debt Issued every 100 Days
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Joined: Nov 2023
Posts: 175
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Campfire Member
Joined: Nov 2023
Posts: 175 |
I've been surprised they've stayed as low as they have these past two or three years. Prices of everything (read: dollar devaluation) has been going through the roof but metals haven't risen commensurately.
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Joined: Jan 2010
Posts: 23,567 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jan 2010
Posts: 23,567 Likes: 2 |
a guy who dabbles in the market told me 3 weeks ago to start buying gold
Last edited by KFWA; 03/04/24.
have you paid your dues, can you moan the blues, can you bend them guitar strings
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Joined: Jan 2006
Posts: 19,820 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2006
Posts: 19,820 Likes: 1 |
What is the Pelosi family doing?
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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Joined: Jun 2001
Posts: 32,173 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2001
Posts: 32,173 Likes: 4 |
I just read (W Post, of course) that rent increases are causing inflation. Typical.
The only true cost of having a dog is its death.
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Joined: Nov 2015
Posts: 1,786
Campfire Regular
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Campfire Regular
Joined: Nov 2015
Posts: 1,786 |
Gold was ~$40/ounce in 1971 when Nixon closed the Gold window.
So the dollar has lost 98% of its value vs Gold over the ensuing 53 years.
Gold didn't change one bit. But the dollar sure did.
Imagine you were in a store in 1964 and bought $4 of stuff and paid with a $5 bill.
You had a choice to get a dollar bill in change, or 4 1964 quarters.
If you took the quarters, they are worth $19 today, because of their 90% Silver content.
The dollar bill would be worth....one dollar, not 19.
This, ladies and gentlemen, illustrates the difference between money and currency.
USMC 0351
We know the price of everything and the value of nothing.
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Joined: Nov 2002
Posts: 33,758 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,758 Likes: 7 |
Zero interest in direct metals. I suspect some of my finds dabble there.
Conduct is the best proof of character.
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Joined: Nov 2015
Posts: 1,786
Campfire Regular
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Campfire Regular
Joined: Nov 2015
Posts: 1,786 |
Zero interest in direct metals. I suspect some of my finds dabble there. Physical ownership of metal carries no counterparty risk. Your derivatives have more counterparty risk than you know...unless you are familiar with all the laws passed in the past decades that make you nothing more than an unsecured lender to those who are actually controlling the assets you have transferred to them. If you have no idea what I am talking about, you might want to do some research pronto.
USMC 0351
We know the price of everything and the value of nothing.
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Joined: Nov 2015
Posts: 1,786
Campfire Regular
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Campfire Regular
Joined: Nov 2015
Posts: 1,786 |
$2,254.80 per ounce at the moment.
The naked shorts must have gotten scared/squeezed.
And the Central Banks around the world keep dumping Treasuries and buying Gold.
USMC 0351
We know the price of everything and the value of nothing.
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Joined: Jul 2006
Posts: 3,949
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 3,949 |
$2,254.80 per ounce at the moment.
The naked shorts must have gotten scared/squeezed.
And the Central Banks around the world keep dumping Treasuries and buying Gold. Great news !
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Joined: Nov 2002
Posts: 33,758 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,758 Likes: 7 |
Zero interest in direct metals. I suspect some of my finds dabble there. Physical ownership of metal carries no counterparty risk. Your derivatives have more counterparty risk than you know...unless you are familiar with all the laws passed in the past decades that make you nothing more than an unsecured lender to those who are actually controlling the assets you have transferred to them. If you have no idea what I am talking about, you might want to do some research pronto. What percent of your net worth is held in metals?
Conduct is the best proof of character.
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Joined: Feb 2010
Posts: 16,112 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,112 Likes: 2 |
Gold and silver have a static value. What has happened is the value of your dollar has decreased. .Gov can’t just print more and more of them without repercussions.
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Joined: Dec 2021
Posts: 3,554 Likes: 6
Campfire Tracker
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Campfire Tracker
Joined: Dec 2021
Posts: 3,554 Likes: 6 |
Chuck Woolery has an ad about when he was a game show host. A contestant won $25,000. He was paid in cash. Had he been paid in gold, his winnings would have been worth ..... well, thousands (millions?) more!
There is no doubt, investing in au/ag is good idea! Wish I had started YEARS ago!
Last edited by MartinStrummer; 03/28/24.
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Joined: May 2001
Posts: 18,346 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: May 2001
Posts: 18,346 Likes: 1 |
Chuck Woolery has an ad about when he was a game show host. A contestant won $25,000. He was paid in cash. Had he been paid in gold, his winnings would have been worth ..... well, thousands (millions?) more!
There is no doubt, investing in au/ag is good idea! Wish I had started YEARS ago! What would it have been worth if he were paid in Google shares?
Carpe' Scrotum
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Joined: Apr 2022
Posts: 144 Likes: 1
Campfire Member
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Campfire Member
Joined: Apr 2022
Posts: 144 Likes: 1 |
Day old Angus calves, 75 lbs. today brought 10.50@ lb., one weighed 95 lbs. and cost 10.00 lb.
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Joined: Jun 2003
Posts: 10,597 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2003
Posts: 10,597 Likes: 1 |
$2,254.80 per ounce at the moment. Gold was ~$40/ounce in 1971 when Nixon closed the Gold window.
So the dollar has lost 98% of its value vs Gold over the ensuing 53 years.
Gold didn't change one bit. But the dollar sure did.
Imagine you were in a store in 1964 and bought $4 of stuff and paid with a $5 bill.
You had a choice to get a dollar bill in change, or 4 1964 quarters.
If you took the quarters, they are worth $19 today, because of their 90% Silver content.
The dollar bill would be worth....one dollar, not 19.
This, ladies and gentlemen, illustrates the difference between money and currency. So, using today's number of $2,254.80 per ounce, assume you bought $100 in gold on January 1, 1971. That would be 2.5 ounces at $40 an ounce. That would make the gold worth $5,637 today. Now, if you put that same $100 into the S&P 500 index funds on January 1, 1971 and reinvested the dividends back into the S&P 500 index funds, you would have had $20,584.12 as of December 31, 2023. Source: https://www.officialdata.org/us/stocks/s-p-500/1971 And the S&P 500 is up about 10% from January 1, 2024 to present, so you can add $2,000 to that number. The index has beat inflation by an average of 6.48% per year per the cited source. Physical ownership of metal carries no counterparty risk. . Gold has the risk that people aren't going want it any more than dollars if the meltdown predicted by the doom and gloomers comes true. The true gold believers also appear to be operating under the beliefs that they would be masters of the universe in such a scenario and that the government and the 99.9% of the population that doesn't hold such assets are going to sit by and let that happen.
"Don't believe everything you see on the Internet" - Abraham Lincoln
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Joined: Nov 2002
Posts: 33,758 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,758 Likes: 7 |
Conduct is the best proof of character.
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Joined: Nov 2015
Posts: 1,786
Campfire Regular
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Campfire Regular
Joined: Nov 2015
Posts: 1,786 |
Zero interest in direct metals. I suspect some of my finds dabble there. Physical ownership of metal carries no counterparty risk. Your derivatives have more counterparty risk than you know...unless you are familiar with all the laws passed in the past decades that make you nothing more than an unsecured lender to those who are actually controlling the assets you have transferred to them. If you have no idea what I am talking about, you might want to do some research pronto. What percent of your net worth is held in metals? 20%, but that number might not be right for someone younger, or say with a net worth less than $2mil. Lots of variables to consider.
USMC 0351
We know the price of everything and the value of nothing.
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Joined: Nov 2002
Posts: 33,758 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,758 Likes: 7 |
Zero interest in direct metals. I suspect some of my finds dabble there. Physical ownership of metal carries no counterparty risk. Your derivatives have more counterparty risk than you know...unless you are familiar with all the laws passed in the past decades that make you nothing more than an unsecured lender to those who are actually controlling the assets you have transferred to them. If you have no idea what I am talking about, you might want to do some research pronto. What percent of your net worth is held in metals? 20%, but that number might not be right for someone younger, or say with a net worth less than $2mil. Lots of variables to consider. I thought so.
Conduct is the best proof of character.
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