Posted on 08/16/2020 3:58:28 PM PDT by delta7
...and do realize the USD fell 9 percent in value last month.( at 93 the last I checked) ...invisible theft, throw on to the loss of purchasing power of inflation ( 4-5 percent rise in food last month) results in what we are seeing, gold hitting $2000 an ounce,....Goldman and others project $3500 gold in less than 3 years....
Got Gold?
*************
Pass.. Ive been partial to Apples.
Auric Goldfinger is a happy man!
Ive been loading up on silver, gold, and select techs that are likely to thrive in a shutdown.
“Artisanal” is certainly a sweet sounding name for some poverty stricken slob sratching minerals out of the earth with his bare hands.
Makes one think of an upscale micro-brewery, or essential oils shoppe.
Link has been 404ed...
that’s ~$770 M, almost a billion dollars
someone is moving some serious $$ around
I was the guy who bought at $1800 ten years back, and then sold last summer after it had sat dead in the water for nine years... so don’t look to me for investment advice.
But I’ll say this, when SHTF, I don’t see gold being very useful, and the same with silver. Dollars may be worth a lot less, but that will be the method of payment until there are no more payments made on most anything. At that point, lead is the coin of the realm.
Time to crank up the tungsten mines and smelters upstream of the gold plating shops
Is there anything that is free from a leftist sticking his big schnoz into it?
ASSAY OFFICES. The Assay Offices of the United States are part of the United States Treasury Department. They are responsible for the testing, melting, and refining of gold and silver bullion and foreign coins and recasting them into bars, ingots, or discs. Assaying is done at all the federal mints, but special plants were established at New York in 1853, at Boise, Idaho, in 1869, at Helena, Montana, in 1874, at Deadwood, South Dakota, at St. Louis, Missouri, in 1881, at Seattle, Washington, in 1898, and at Salt Lake City, Utah, in 1909. Other than the federal mints, there is now only one assay office. It is located in San Francisco.
I avoid conflict precious metals by only getting them from where the Spanish conquered the Aztecs and Incans or where the US had defeated the Mexicans in California Territory. It was a long time ago so its OK now.
Where are you getting the 8.6 yrs of bull for gold. Thanks in advance
Nonsense. For 5000 years there has never been a period you could not use gold as a store of wealth and a medium of exchange no matter what the turmoil or circumstances.
Actually Im into brass and lead.
No argument on that point. It is a store of wealth.
And maybe I’m wrong, but for example, if my neighbor has 20 gallons of gas that I need, is he more likely to take a thousand dollars cash, or a quarter-sized piece of what I say is gold? Certainly, a bag of silver dimes may be traded and everyone knows they’re real, but if people are iffy on cash, they’ll be iffy on about anything else too. Except maybe a dressed out deer.
It’s like silver.
Can an expert answer this? - Years ago I remember reading that many people buy gold and receive gold certificates that in actuality aren’t backed up by real gold. Is this true?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.