the real hawkeye: This means your dollars are worth even less than they were just weeks ago! Thanks for nothing china joe biden - and your whore. Hold into the wind VarmintGuy
the real hawkeye: This means your dollars are worth even less than they were just weeks ago! Thanks for nothing china joe biden - and your whore. Hold into the wind VarmintGuy
That's one factor, but another major factor is that it constitutes an accounting for the abuse of our fiat currency by our government. Watch the video.
No worries. When the banks trade in all their treasury notes for gold Biden will give a great speech, and he will direct the Federal Reserve to print more dollars to bail out the dollar.
No worries. When the banks trade in all their treasury notes for gold Biden will give a great speech, and he will direct the Federal Reserve to print more dollars to bail out the dollar.
And find a way to blame the collapse on anyone but the real culprits!
USMC 0351
We know the price of everything and the value of nothing.
When silver hits about $47 I'm selling 1000 ounces.
Bb
Because you expect a huge sell off at the $50.00 mark, right?
Yes, that's about what happened in 2011. I got burned on a deal then by a local dealer. I went to Idaho falls on a Saturday with 1000 ounces to sell and the shop there was closed. I called the owner and he was at a coin show but really wanted my silver. I told him I was just going to drive to slc and sell it.
He begged me not to and said he'd lock me in at $49 per silver eagle and $47 per generic round. I said we're locked then right? That's what's it's going to be monday no matter what the price does. He said yes.
Sunday night when the Asian markets opened spot dropped $11 in the first 5 minutes. George soros dumped billions as soon as the market opened. So Monday I head into the shop to do my deal I was locked in at the shop owner wouldn't do it. I really regretted not going to slc saturday. The price never came back.
For those who don't do much in metals when someone tells you your locked in then that's the price period. The guy in IF who owns that shop is pretty hated by many stickers in the area. I saw him at a coin show recently and several of the other dealers said not to deal with him because he's a crook. I told them all I'd already found that out.
In the dozen or so years since then I've probably bought sold and traded over $200k in metals and none of the deals were with him. Luckily some guys from Montana opened a new shop in Idaho Falls and they've been great to deal with. They just told me on the phone tonight they have several hundred more mercury dimes for me. They know I like mercury dimes and 1/10th ounce gold eagles so they often hold them for me.
I'll sell some at $47 and then hold the cash for a bit to see what the price does. If it breaks through $50 I'll buy back in. If not I'll go buy a lot or some land to build a rental home on.
I often wish I still had the 6000 ounces of silver I used to have. I did Dave Ramsey plan about a decade ago and sold a bunch of what I had and paid off debt. It's been nice not having a mortgage but I wish I would have kept the silver and just kept paying off debt with cash. Ramsey thinks metals are a terrible investment and most of the time they are. I think the days coming soon when everyone will wish they had some.
I worry that when the dollar crashes the government will sieze my safe deposit box at the bank and take my bullion. They made everyone turn in their gold once I guess they could do it again.
I should have buried it somewhere but it would have forgot where I buried. I had an uncle that buried a stash and then died suddenly and his family doesn't know where he buried it. I had 2 home robberies in the past so I figured a safe deposit box is the best bet. If I can keep the government from taking it. There's way more $ in my IRA they'll probably seize first anyways.
