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Re: got gold and silver? prefer bars, coins? numismatics, [Re: RayF] #15259521 09/26/20
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Originally Posted by RayF
Originally Posted by lonee
for now, but the rest of the world is smarter than the US citizen, so they'll start demanding more $ for the things that they sell to us, which will drive up the price of everything. People who dont get into PM' are going to be very sorry that they did not, an very soon too.

Perhaps, but that’s where Trump shines. That won’t happen without a trade war.

I’m of the belief that the rest of the world’s central banks have their eyes on the USD and while nobody’s heading for the exits, their preparing themselves for just that. Secretly taxing us (through inflation) and buying into PMs.

As far as the OP’s question: Gold and silver eagles are recognized everywhere, but at this ratio, silver is the buy. When it drops below 40:1, start trading for gold.


This. Gold and silver are up a lot in dollars over the last 20 years. Money is worth a whole lot less. It takes almost twice as much money to buy a car or house now. The gold is not worth more. The dollar is worth a lot less.

Im pretty sure CBs are selling dollars and buying metals, as is China and Warren Buffet. He just bought tons of Barack Res.

Last edited by jaguartx; 09/26/20.

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DONT BE GETTING ANY CORONA ON YA

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Re: got gold and silver? prefer bars, coins? numismatics, [Re: Burleyboy] #15259536 09/26/20
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Originally Posted by Burleyboy
I've seen lots of good faked bullion coming out of China the last decade or so. I've bought more junk silver since then mostly mercury dimes. I haven't seen many faked old US coins other than dollars.

Bb

This.


Last edited by jaguartx; 09/26/20.

Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.

DONT BE GETTING ANY CORONA ON YA

"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".

I Dindo Nuffin
Re: got gold and silver? prefer bars, coins? numismatics, [Re: lonee] #15259559 09/26/20
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Originally Posted by lonee
the ratio thing is a crock. We dont destroy thousands of tons of silver per year anymore, as we used to do with developing photographic film.

We don’t, however, electronics/solar panels, etc. have increased and silver mining has all but stopped. Essentially, manipulated futures prices and the cost to process silver has created the conditions for the current supply to quickly diminish beyond a feasible mining effort should the masses want to buy physical. The spot price has already detached from the market price. When gold climbs, it drags silver with it (albeit on a bungee cord). I respectfully disagree about the ratio, but we should see here before too long.


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Re: got gold and silver? prefer bars, coins? numismatics, [Re: RayF] #15259567 09/26/20
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Originally Posted by RayF
Originally Posted by lonee
the ratio thing is a crock. We dont destroy thousands of tons of silver per year anymore, as we used to do with developing photographic film.

We don’t, however, electronics/solar panels, etc. have increased and silver mining has all but stopped. Essentially, manipulated futures prices and the cost to process silver has created the conditions for the current supply to quickly diminish beyond a feasible mining effort should the masses want to buy physical. The spot price has already detached from the market price. When gold climbs, it drags silver with it (albeit on a bungee cord). I respectfully disagree about the ratio, but we should see here before too long.


This. Iirc, there are more oz of gold floating around than silver. When economies get back on track, that silver will be used up. I expect silver over 50 in 2 years.

Last edited by jaguartx; 09/26/20.

Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.

DONT BE GETTING ANY CORONA ON YA

"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".

I Dindo Nuffin
Re: got gold and silver? prefer bars, coins? numismatics, [Re: lonee] #15259575 09/26/20
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Remember, when silver mines sell an oz of silver an make a $0.25 cent profit, and then silver goes up $5 an oz, their profit jumps to $5.25. whistle

Silver goes up 20% and their profits go up hundreds of percents.

Last edited by jaguartx; 09/26/20.

Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.

DONT BE GETTING ANY CORONA ON YA

"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".

I Dindo Nuffin
IC-A

Re: got gold and silver? prefer bars, coins? numismatics, [Re: jaguartx] #15259605 09/26/20
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Originally Posted by jaguartx
Originally Posted by RayF
Originally Posted by lonee
for now, but the rest of the world is smarter than the US citizen, so they'll start demanding more $ for the things that they sell to us, which will drive up the price of everything. People who dont get into PM' are going to be very sorry that they did not, an very soon too.

Perhaps, but that’s where Trump shines. That won’t happen without a trade war.

I’m of the belief that the rest of the world’s central banks have their eyes on the USD and while nobody’s heading for the exits, their preparing themselves for just that. Secretly taxing us (through inflation) and buying into PMs.

As far as the OP’s question: Gold and silver eagles are recognized everywhere, but at this ratio, silver is the buy. When it drops below 40:1, start trading for gold.


This. Gold and silver are up a lot in dollars over the last 20 years. Money is worth a whole lot less. It takes almost twice as much money to buy a car or house now. The gold is not worth more. The dollar is worth a lot less.

Im pretty sure CBs are selling dollars and buying metals, as is China and Warren Buffet. He just bought tons of Barack Res.





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