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Gold, silver and other precious metals poured in to the U.S. as purchases of other overseas items dropped. Here's why.
usa today via msn ^ | 3/3/2021 | Dian Zhang

Posted on 03/03/2021 10:59:59 AM PST by RomanSoldier19

Edited on 03/03/2021 1:33:43 PM PST by Sidebar Moderator. [history]

See link


TOPICS: News/Current Events
KEYWORDS: economy; finance; gold; moneyprinting; silver; stagflation

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1 posted on 03/03/2021 10:59:59 AM PST by RomanSoldier19
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To: RomanSoldier19
“Precious metals have typically been purchased and held by older white males, but now we're seeing everybody,” he said.

Precious metals are racist!

2 posted on 03/03/2021 11:14:54 AM PST by PGR88
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To: agere_contra; Army Air Corps; GOPsterinMA

For your interest.


3 posted on 03/03/2021 11:18:11 AM PST by KC_Lion
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To: PGR88

What isn’t these days....


4 posted on 03/03/2021 11:27:51 AM PST by gattaca ("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
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To: RomanSoldier19

Wish they broke it down by individual and institutional purchases.
MSN pages show up weird in my browser.


5 posted on 03/03/2021 11:33:52 AM PST by mrsmith (US MEDIA: " Every 'White' cop is a criminal! And all the 'non-white' criminals saints!")
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To: PGR88

White gold


6 posted on 03/03/2021 12:15:20 PM PST by bunkerhill7 (That`s 464 people per square foot! Is this corrrect?? It was NYC.)
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To: RomanSoldier19

Precious metals, brass & lead (ammo), aren’t racist.


7 posted on 03/03/2021 12:16:36 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: RomanSoldier19

Gold and Silver sellers have pushed the fear-porn of metals since 1965.

Silver hit it’s all time high adjusted for inflation in 1986.
Gold has done a little better. Right now, both are falling when they should be rising, according to the metal dealers. Both metals are price controlled by the big boys.


8 posted on 03/03/2021 12:17:08 PM PST by SaxxonWoods (The Republican Party is dead. Long live the MAGA Party.)
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To: bunkerhill7

Hmm, I am an older white male with a significant amount of silver and gold coins......double hmmmm.....


9 posted on 03/03/2021 12:17:49 PM PST by cranked
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To: RomanSoldier19

“...imports of gold, silver and other precious metals are surging...”

Might this have something to do with it?

https://irenefranzese.blog/2020/05/10/what-states-have-accepted-gold-silver-as-legal-tender/#:~:text=They%20have%20announced%20plans%20to,Louisiana%2C%20Texas%2C%20and%20Utah.

“There are great signs of encouragement that sound money is taken place in West Virginia. They have announced plans to remove taxation on precious metals as of July 19, 2019.

There are 3 other states that have passed legislation recognizing gold and silver as legal tender. Those states are Louisiana, Texas, and Utah.”

Are there more coming as the dollar inflates itself out of existence? Paper won’t be worth squat.

wy69


10 posted on 03/03/2021 12:45:03 PM PST by whitney69
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To: PGR88

Us old white guys own everything else. We need to buy something.


11 posted on 03/03/2021 1:24:02 PM PST by Vermont Lt
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To: whitney69
They have announced plans to remove taxation on precious metals as of July 19, 2019.

You can buy gold and silver on-line without paying a sales tax - something I wasn't aware of as everything else I have bought was hit.

12 posted on 03/03/2021 4:47:33 PM PST by Oatka
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To: Oatka

“...everything else I have bought was hit.”

Don’t know how that will play out if the states start to use metals again as tender. And the market will probably go haywire on gold and silver if they do. The feds can’t let precious go unchecked so they will have to inflate products to deflate the metals or force the foreign market up to try to limit it’s purchase. It’ll all be kneejerk and overkill.

wy69


13 posted on 03/03/2021 9:11:44 PM PST by whitney69
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To: PGR88

The new CCP digital currency comes with an expiration it devalues overtime whenever the government decides to encourage spending this will be the biggest push metals I’ve ever seen in the last hundred years and they like silver


14 posted on 04/11/2021 3:10:39 PM PDT by Therapsid (eagan )
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