Home Forums Hunting & Shooting Hunter's Campfire Au and Ag both climbing

Don't see a particular trigger. Accumulated bad news and they are both climbing

A Trillion in New Debt Issued every 100 Days

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.

a guy who dabbles in the market told me 3 weeks ago to start buying gold

What is the Pelosi family doing?

I just read (W Post, of course) that rent increases are causing inflation. Typical.

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.

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.

$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 !

What percent of your net worth is held in metals?

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.

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?

Day old Angus calves, 75 lbs. today brought 10.50@ lb., one weighed 95 lbs. and cost 10.00 lb.

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.



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.

Awaiting his reply...

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.