Home Forums Hunting & Shooting Hunter's Campfire Gold?

Over $2K/oz. today?
$1,999.80 oz. last I looked.

Yeah, overnight it was over $2,000.00 per oz. I think as soon as it tops the 2k mark, the big banks must sell a couple tons into the market to push it back down again. They do something similar with silver whenever it tops $25.00 per oz.

PS every US Nickel now contains 10¢ worth of metals. You can double your net worth instantly by selling everything you own and buying US Nickels from the bank at 5¢ apiece, LOL. Sounds funny, but true.

I see[after checking] that it went to $2,007 in early/pre open trading.

Better bet than greenbacks. Wait until $150-$200 oil in a month or so. Old Joe is full steam ahead on collapse of the US.

This is correct. Now imagine if Russia suddenly said they will only accept payment in gold for oil/gas?

Get your silver. Gold is going higher. Silver is very undervalued.

Extremely so.

If you think gold or silver is nuts.....look at rhodium prices. Up a few grand an ounce.

Look at Palladium. Crazy. Up by almost a thousand dollars since start of year.

Or IMR 4350.

I’d trade an ounce of silver for a pound of that stuff.

For 2 ounces of silver I will trade you a pound of H4350....

The value of gold isn't really increasing.

It's just that the value of the dollar is decreasing and it takes many more of them to get an ounce of gold.

Exactly.

Years and years of no federal budget; printing whatever administrations want.

Especially with the effort to suppress the price that's going on. Allowed to find its natural level, gold right now would be several thousand dollars an ounce and silver several hundred.

My Krugerrands are looking good!

Historically silver has been priced at a 16/1 value with gold... and this goes back thousands of years, well more accurately it has varied between 10/1 to 16/1 .
Today it bounces around 70/1 to 100/1
Also 50% of silver is consumed, all the gold ever mined still exist in someone's vault.
Many accounts today say there is ten times more silver than gold.
Silver is in demand as an industrial metal , gold is not.
So this seems to add up to silver being the opportunity of a life time at $25.00 ounce.
But precious metals are a direct threat to the fiat, so it faces unrelenting attacks and will continue to do so until the whole thing unravels.
The race to true value at that points will blow your mind

Shussh.