Posted on 07/08/2020 9:22:56 AM PDT by Perseverando
Let’s try that again: https://usdebtclock.org/
Oh, heavens to Betsy.
Everyone should own some physical gold!
It has been decent investment over the years.
This may be tied to the news that broke last week about the phony gold reserves in China.
Only buy from reputable dealers.
Whatever you do do not buy gold off eBay or sites like that.
Sorry it’s too risky even if it looks like a good deal!
one of the results of the virus scare Lockdown has been some much, much higher costs for many groceries, restaurant food, and a number of additional things in the marketplace
which is a clear form of inflation, yes
I remember when gold was at 300$ . At the time I wish I had some cash because I would have bought all I could.
I’ve been invested in the gold sector for 10+ years, I read/have read many, many different newsletters, interviews, sector research publications, etc. I have never heard of any of the “analysts” quoted in this article. when the non-gold investors start paying attention, you know it’s taking off.
Nate,
It’s not too late to get in. It’s going to 2k plus in future and beyond. so that’s a tidy profit -IF- it comes off!
Civilization teetering on the precipice of a totalitarian dark age certainly cant help...
Brass and lead are getting expensive, too. Sign of the times.
Im ready to sell a few ounces. How much discount should I expect from spot gold prices?
Because those are actual assets with intrinsic value, unlike shiny stuff with no survival benefit.
The spread is usually 5% depending on the coin and quantity. Find a reputable dealer you shouldn’t a have problem..
I have bought Krugerrand’s for 2-3% above spot. American Eagles tend to have a higher premium.
Inflation?
You bet your bippy. 70s style.
I think gold is over priced right now. No way I’d touch it .
Fake gold makes real gold rise.
https://www.foxnews.com/us/wuhan-company-now-at-the-center-of-one-of-the-biggest-fake-gold-scandals
I agree everyone should hold at least some physical gold. Long ago the recommendation was 2% of net worth, not counting any real estate.
However it is decidedly not an investment, by definition. Nor is it a commodity, it actually trades on the currency desk. Buying gold is closer to speculation, or trading in a (now) foreign currency. Now it is true one can make a lot of money speculating in foreign currency, but one can also lose their shirt.
The key thing about gold, is that it is an asset that doesn’t depend on someone else to perform. It has a value that is independent of the one issuing it. Having said that, the price is manipulated, through various schemes and has been for decades. It should have been trading well north of $5000 long ago. Maybe it’s a good thing it isn’t, but I don’t know.
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