Never owned gold or silver. Never will. "It's the most expensive it's ever been! Buy!" Does that make sense to ANYbody?
Tell you what. If the system ever crashes, you can buy a can of beans from me with 10 pounds of your metal. Or you can eat the gold, take your pick.
If the system crashes, how many pounds of federal reserve notes would you accept for a can of beans?
I told my wife to pick up 3 cases of light red kidney beans today. Good to be diversified. Have hundreds of pounds of salt in the shed. Salt doesn’t spoil and could come in handy for preserving food and for trade. Would have gotten her to pick up more beans but I don’t want to tax her patience.
Patriotism (and religion) is the last refuge of a scoundrel.
I love it when people say you can’t eat gold. Can’t eat fiat, either. Seems like Costco has stepped up their gold game. If they’re moving this kind of volume, the engine will be in place to accept it….
I love it when people say you can’t eat gold. Can’t eat fiat, either. Seems like Costco has stepped up their gold game. If they’re moving this kind of volume, the engine will be in place to accept it….
I didn't realize costco was selling it in store. I have an executive membership and a Costco credit card so that would have been a good place for me to buy from. I get 2% back on the membership and 2% back on the card. Most bullion dealers charge you 4 % extra if you use a card.
I'm not currently buying much because the price is up so much but if it comes down I'll be looking at Costco.
COMEX is saying gold is now $2,402.70 in overnight trading, i.e., it broke through $2,400.00.
Exceeded this since posted, and holding just prior to start of official morning trading, so it will be interesting to see what happens to it in a few minutes at 9:00 AM.
Can you invest in eggs?! Man… they’re sure going up!
Not much of a long term investment. When my son was about 5 years old he hid his Easter egg basket in his room with the eggs under the fake grass. About July we were considering burning down the house because we couldn't find the source of the smell.
Patriotism (and religion) is the last refuge of a scoundrel.
Can you invest in eggs?! Man… they’re sure going up!
Not much of a long term investment. When my son was about 5 years old he hid his Easter egg basket in his room with the eggs under the fake grass. About July we were considering burning down the house because we couldn't find the source of the smell.
Yup. One of the functions of money is durability.
Another key function of money is preservation of purchasing power. Which is why the dollar is NOT money...it is currency.
USMC 0351
We know the price of everything and the value of nothing.
