Home Forums Hunting & Shooting Hunter's Campfire Physical Gold

Up $26.00 is this morning's trading alone. Now $2008.10.

Provident metals shows $2000.17/oz.

APMEX is a much bigger player in this market, and they have spot currently at $2,005.70.

I'd rather be a year early than a minute late.

Yep and I have written before if one is not comfortable learning and understanding equities, or anything else for that matter, do not do it. If I was putting my money in gold over the past 39 years rather than Fidelity I would have a pittance to what I have gained in equities.

It’s truly hilarious , the equity gurus, touting investment virtues , while being ignorant of the strategy of PMs in a portfolio.

Gold is a hedge, not an investment.

Just look at the stability of gold vs equities during the Great Depression , and you’ll understand why most prudent portfolios have some exposure in PMs .

Hence my question of what percent of one's "investment" should be in a hedge like gold? Yours?

About 10%
Your amount percentage may very

I'm fully diversified. Guns, knives, ammo, food, water, gold, and silver.

👍👍

Roosevelt in January 1934, the Act was the culmination of Roosevelt's controversial gold program. Among other things, the Act transferred ownership of all monetary gold in the United States to the US Treasury and prohibited the Treasury and financial institutions from redeeming dollars for gold.




In my life I saw Nixon legalize Gold, then it 1980 it overshot up to $800/ ounce, before settling down to $400.

In general I have noticed that:
a) Gold, guitars, and guns appreciate at 3%/ year compounded
b) Real estate appreciates at 6%/ year compounded
c) Stocks appreciate at 9%/ year compounded
d) Big tech stocks appreciate at 20%/ year compounded

I get more excited when it goes down than when it goes up. I look at it like it's on sale when the price goes down and I can get more for my buck.

Bb

You guys are doing it wrong.

For a SHTF scenario I buy whores. The best currency ever.




P

Where can a guy get a couple good whores to own?

Target has them.

K-mart too if you can find one. Red light special…

Just be sure to not get them confused with the blue light special whores. It's a trap.

I believe the paper gold and silver markets are holding down the price of precious metals. There is a lot if not most of the gold that is owned on paper that does NOT exist anywhere. The only gold and silver that might help you out in a SHTF scenario is what you can physically lay your hands on. In that case silver would be of more value due to its lesser value per ounce allowing for smaller purchases. And pre 1965 coins would be accepted without assay or suspicion anywhere silver is accepted.

If gold was priced in relation to its true supply without the fake paper gold (and silver) there is no telling how high the price would be. That cannot be allowed due to the exposure of the worthless USD and other fiat money.

Well said. The fake paper gold and silver create the impression to the market that there is many times the amount of gold and silver in existence vs what actually does exist, thus suppressing its value.