Posted on 12/03/2023 6:00:48 PM PST by CFW
I’ve observed a couple of things about gold-hecklers:
1) they tend to be people who don’t have any, and
2) they’re very childish (EX: “yeah, whaddya gonna do, take your gold coin into a store, take out yer pocket knife, slice off a sliver of gold, give it to the storekeeper, and leave with your bread and milk? A-haw-haw-haw!”)
On a percentage basis, the precious metals which have appreciated the most in the last 30 years are......lead, and brass. No joke. Look it up.
that’s why you get fractional gold. On sale, the canadian 1 g multipacks aren’t a bad deal. Also, silver. But ultimately, I wouldn’t trade food for metals in a SHTF scenario. That’s what lead and brass is for... the gold and silver are for later, when/if things stabilize or hyperinflation before the fall.
Well I do own some Barricks Gold stock (NYSE symbol GOLD)
————
If you don’t “ hold it”, as in your hand, you don’t own it, or so the age old saying goes……which will shortly be proven, again.
That said, man is “ wired” to marvel at gold, take any one person and put a U.S. Gold Eagle in his hand and watch their reaction.
I hold some PMs, but what amazes me is the price some are willing to pay for vintage silver bars. Silver, not gold.
Here is a 1 oz bar that went for $1225.
https://mineralexchange.com/products/1-1oz-cripple-creek-colorado-western-gold-producers-inc-vintage-silver-bar?syclid=clml3jm5ji7s73fsrj00&utm_campaign=emailmarketing_154556989589&utm_medium=email&utm_source=shopify_email
You can buy 1 oz silver for $27-$30
Unusual “Smiths” bar, 3.15 oz went for $995.
3.15 oz silver is about $100.
https://mineralexchange.com/products/1-3-15oz-smiths-vintage-silver-bar?syclid=clml6ou5ji7s73ed2c6g&utm_campaign=emailmarketing_154556989589&utm_medium=email&utm_source=shopify_email
And yet here is an Englehard not-so-old, but older, and certainly one of the best known names in bullion and metals 100 gram gold bar that went for $6050, actually BELOW spot
https://mineralexchange.com/products/1-100g-engelhard-industries-vintage-gold-bar?syclid=clml47m5ji7s73b2f300&utm_campaign=emailmarketing_154556989589&utm_medium=email&utm_source=shopify_email
And this is flat out crazy, 10 oz gold, beautiful Englehard bar, for $18,200. Spot is $20600.
https://mineralexchange.com/products/1-10oz-engelhard-eagle-vintage-gold-bar?syclid=clml5k65ji7s73e9kcl0&utm_campaign=emailmarketing_154556989589&utm_medium=email&utm_source=shopify_email
(I have not included the buyer’s premium, which is non-trivial, in the above prices)
You make good points.
Hmmmm…I have several brass items in my home..
…..
Gold never gets old.
Wow! Those are ridiculous prices!
O’Biden will order anyone with gold murdered. The government doesn’t like competition.
Agree on owning gold.
Disagree that Fed will cut rates.
Please add me to your ping list... Thanks
Yup! Me too! Bought Silver at $32 when Obama was elected and have been a bag holder ever since
Done!
You cannot eat Gold, but it is scarce and for centuries it has been treasured. It is just not convenient to make purchases with. But again, a pure digital currency is NOT the SOLUTION. It is path to total enslavement.
I have just one question, how do you pay for your food?
Brass, lead, tin, also have a value in times of distress.
Bought a silver bar in early 1980’s at under $50, last figure I saw on it was worth about $350. Now, silver is an industrial metal and is unlike gold or platinum. Silver increase indicates the drop in value of the US Dollar.
Problem almost all currencies are very unstable today. You cannot rapidly expand the amount of gold. I own some, but am not a Gold Bug.
Fractional Reserve Banking can be a blessing or a curse. Money is better if tied to tangible assets, but not just gold. Panics (old term?), Recessions and Depressions are failures in banking and monetary policy.
The ComDem’s and Globalist Cabal intend to Destroy the USA.
I do not have any gold but do not oppose those who do.
My main issue with gold is that imho it is dependent upon a “goldilocks” scenario (pun—get it :-) ).
The goldilocks scenario is where things get bad but not too bad.
In the “too bad” scenario the world economy crashes, exchanges are closed and there is nowhere to trade your gold.
The best use of gold (historically speaking) is to bribe border guards when you fleeing the country after its currency has collapsed.
We have nowhere to go—on our hill to die on—so no need to bribe border guards.
;-)
“I have just one question, how do you pay for your food?”
Grow our food and harvest both wildlife and farm animals in addition to bartering with others. The gold and silver is for later.
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.