Posted on 08/16/2020 3:58:28 PM PDT by delta7
The gold supply doesnt matter.
The price will rise.
Problem solved.
Nickles. The melt value is greater than the face value.
Its just a pain to carry to carry more than 30-40 lbs!
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.
Again. all kinds of wars. famines, chaos, lawlessness for 5000 years.
and despite that, having gold (or silver) almost always meant you could get by.
Those of us with supplies of lead and brass, along with chromium steel, are becoming a resource to our college-brainwashed offspring, now that they are finally starting to wake up.
As in “Hey Dad, could you spare some ammo from your stash? There’s none to be found!”
The purpose of gold is as a store of value, to re-establish yourself AFTER things settle back down.
Sorry to hear that, timing ( watching financials) is everything. I jumped in 2001, gold was $260 oz....silver $3.60.....paper money is for paying and playing, gold is for preserving your wealth. Another piece of advice,youngsters, before you invest in anything at all, start with some physical PMs, then build from there. PMs, besides being a 2000 year old wealth preservation instrument, it is also wealth insurance....all paper instruments can and have gone to zero....none have lasted more than 100 years. Good luck to all, the mayhem in paper assets is just starting.
The Lord works in mysterious ways....lefties hate gold and love instruments of debt ( paper). Our Constitution states our money will be gold and silver ( what happened there?), as does the Bible....lefties are unknowingly bringing back gold to its rightful role as “ money”. They can shut down more mines, it will only decrease supply when demand is at historical high....
Gold mutual fund shares
Coinage Act 1792 specifying in detail what “ money” will be:
SEC. 9. And be it further enacted, That there shall be from time to time struck and coined at the said mint, coins of gold, silver, and copper, of the following denominations, values and descriptions, viz. Eagleseach to be of the value of ten dollars or units, and to contain two hundred fort-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold. Half eagleseach to be of the value of five dollars, and to contain one hundred and twenty three grains and six eights of a grain of pure, or one hundred and thirty five grains of standard gold. Quarter Eagleseach to be of the value of two dollars and a half dollar, and to contain sixty one grains and seven eights of a grain of pure, or sixty seven grains and four eights of a grain of standard gold. Dollars or the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver, Half Dollarseach to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eights of a grain of standard silver. Quarter Dollarseach to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver. Dismeseach to be of the value of one tenth of a dollar or unit, and to contain thirty seven grains and two sixteenth parts of a grain of pure, or forty one grains and three fifth parts of a grain of standard silver. Half Dismeseach to be of the value of one twentieth of a dollar, and to contain eighteen grains and nine sixteenth parts of a grain of pure, or twenty grains and four fifth parts of a grain of standard silver. Centseach to be of the value of the one hundredth part of a dollar, and to contain eleven penny-weights of copper. Half Centseach to be of the value of half a cent, and to contain five penny-weights and half a penny-weight of copper.
...our founding fathers were brilliant. Just for brain excercises, imagine what a Constitutional USD would be worth. .773 ounces of silver times market price today= .773 X $27 = $20.87. Imagine your dollar buying $27 of goods and services.....are you following what had happened to the USD?
China has us beat, it does not mean Trump can’t out smart them....China has “ white papered” their intention to back their Yuan in gold amounts ( fractional) , as a pure gold standard will NOT work unless it is priced $90,000 an ounce ( to back unpaid debt)...that’s not happening.Russia also announced intentions to back their currency in gold. Much written on the subject lately as the world enters the currency crisis...it will intensify through 2024 when something radical will HAVE to be done about the world’s debt and failing global currencies.
Read carefully this article...most do not realize gold began its bull run in 2016,read and think, let it sink in what it says and what is going forward.
https://www.zerohedge.com/markets/debt-inflation-spiral-driving-demand-gold
Did you get the part of global governments going to digital money ( they are-China is testing it and even the Fed Reserve has discussed it) to bail out the upcoming financial disaster? Guess what, it will not work. The Great Reset is upon us.
Choose wisely on where to put your wealth in the upcoming years, most have no clue.....last question, just who is buying up all the gold? Answer: Banks...let that sink in.
Bottles of fine Liquor, Gold has to stay close to you. Gold certificates are as useful as that non-existent metal in Fort Knox. If you have it you are going to be hit and hit hard. Liquor on the other hand lasts a long time can be buried in the woods. When you use it for payments you can cry about how it breaks your heart to part with that last bottle (never mind the 774,000 bottles you have buried on your property.) If you are truly in the suck people will crave that liquor like mamas milk, it definitely has value.
So you got to let your precious go for a bag of toilet paper and 2 lead molds... This also can be done with Pot or other bed things but I’m not interested in that end of it.
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