Home Forums Hunting & Shooting Hunter's Campfire Gold Up By $200.00 Just Since March

Ya'll get rich on gold... What percent is your net worth is in gold?

Don't be a party pooper Ed. Just cash out and get into gold. When the fiat scam comes crashing down you can ball out and buy Big Macs and TVs with Krugerrands!

I haven’t stepped foot in a Big Mac in 30 years. ARRRGGGHHHH I’m an old twat on a web forum.

New 2022 Porsche 718 Boxster GTS in coming. 2017 Boxster S sold today. It ain't hard...

I'm close to 10% in bullion. Probably a little less just depending on what I figure my rental property and home is worth.i was trying to get more before the prices went up. My goal was always to get to 10% of assets in bullion.

If I was smart I would have kept more money in stocks but took most of it out when Biden stole the office. I realize now that the dow tracks federal spending more than about anything. If I'd have realized that then I'd have stayed heavy in stocks. I keep getting tempted to get back in but I'm waiting for some kind of correction first. I almost went back in in October when the dow dropped to 32 k. Woulda coulda should.

I'm just struggling to be brave when the fundamentals are so bad. I just need to remember that main street and wall street are totally different. Those that don't do gold what is you're backup parachute?

Bb

Pard you rolling deep in social security cash. Dang a Porsche boxster? Us non earning social security check guys are driving a 78 ford ltd.

Never owned gold or silver. Never will. "It's the most expensive it's ever been! Buy!" Does that make sense to ANYbody?

Tell you what. If the system ever crashes, you can buy a can of beans from me with 10 pounds of your metal. Or you can eat the gold, take your pick.

Setting aside that no one is talking about an EOTWAWKI scenario, were that to happen, what makes you think that those with a little gold and/or silver don't also have food/water/guns, etc.. Also, history speaks against your fictional scenario where gold and silver are nearly worthless when a civilization, and its fiat monetary system, collapses. Quite the opposite has always been the case. For example, at the height of the Weimar hyper inflation, anyone with a handful of gold coins could purchase entire city blocks in Germany, so strong was the hunger there for real money.

Last 5 years gold and silver is up roughly 83%, that's a 16.5% yearly average, and the dollar hasn't collapsed. . . . . . . . . . . . . . . . . . . . . . . . . . .Yet

Gold and silver are not up, the dollar is just down and it takes more dollars to buy an ounce.

Absolutely. Its called momentum trading/investing/betting whatever you prefer, and its been around forever. Buy high and sell higher is almost as well known as "buy low sell high". The late William O' Neill of Investor's Business Daily made it famous.

Like any other approach to speculative markets, it works sometimes.

2364 per ounce right now.

https://goldprice.org/gold-price-per-gram.html

Up $34.00 today already.

Creeping up towards $2,400.00 now. Silver threatening $30.00.

I always laugh when I read stuff like this.

First off, I have my own beans, thank you very much.



Gold has been money for millenia. Even J.P. Morgan said "only Gold is money, everything else is credit". The dollar is not money. It is currency...it is a debt note issued by a bank. If you bother to look at history, you will see Gold is a highly liquid asset.

What do you think the central bankers around the world are hoarding? Yeah, Gold. They are dumping dollars and buying Gold.

While the West burns, the East and South are buying Gold.

All Fiat currencies die. The dollar has already lost 99% of its purchasing power vs Gold, just since I became a teenager.

So you go ahead and put all your faith in the dollar. Be my guest. I only keep 25% of my net worth in dollars because the trend is not our friend.

I used to listen to Ramsey. He is big on being debt free which is a wonderful idea. I don't quite get the complete dismissal of precious metal. Another thing I couldn't quite understand was his objection to buying ETFs instead of mutual funds and his insistence on hiring a financial advisor (from his approved list of course).

There are some good ETFs that track the Russell, or the S&P for the unadventurous. My wife and I both have some of that. I have about 12% in gold and silver mining ETFs because I don't trust the physical metal funds. I bought 200 shares of EIS an Israel ETF that crashed back in October thinking that Israel stocks would rebound, and they did. I bought GUSH a 2X leveraged oil fund in March of 2020 for around $4 and now it's $43.51 today. But I've managed to buy some dogs that lost money also.

All in all I bet we've done as well as a financial adviser would have done because we take chances that an adviser never would, and we aren't wealthy enough for an adviser to worry himself about too much.

Whatchu talkin bout Willis, when Rocky Raab talks, E.F. Hutton listens 😁

The fact that silver isn't even close to catching up yet (in terms of ratio) strongly suggests we are still early in this gold bull market.

Keep in mind that from 2001 to 2012, gold made nothing but significant, year to year, gains. That could easily repeat itself.

If the system crashes, how many pounds of federal reserve notes would you accept for a can of beans?

Less than $7.00 shy of $2,400.00 now in after hours trading: COMEX