...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?”
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Pass.. I’ve been partial to Apples.
Auric Goldfinger is a happy man!
I’ve 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?
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
Actually I’m into brass and lead.
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?
The gold supply doesn’t matter.
The price will rise.
Problem solved.
Just checked, you can buy 2 gallons of gas for one silver quarter now.
Silver quarter price - 4.75
Average US gas price - 2.20 gal
African “artisanal” gold...
Back in the 1980’s, we lived with a very remote tribe in Uganda. Sometimes tribesmen would offer to sell us gold they had dug in the dry river beds. The standard measure was a “quill”, about an inch of gold flakes & grains stored in the hollow quill of a large feather - vulture, IIRC.
We never bought any. We didn’t want the local bandits, believing we were carrying gold, to ambush us. After we left Africa, a mining company set up operations in the area. Several years later when I returned to visit the tribe, I learned that the manager of that mine had been ambushed and killed not far from where we were building our hut.
We had a pastor friend whose wife would walk several miles bringing a basin of river gravel back to a deep well handpump so she had water to pan it. She never got a lot of gold, but did get enough to buy bread for her family.