So pretty much all my wealth is a machine's imagination. maybe if I get it drunk, it'll imagine I'm rich long enough to buy an SUV full of dehydrated food and ammo!
I kinda like mine.Along the same lines, now we have the E-dollar.
It's just as worthless as a real dollar, but now weighs nothing!
Silver has doubled or tripled gold's gain in the last couple of days.Gold got up to $2,454 today and closed at $2,430.
(Notice the 52-week range, and day range):
View attachment 130392
I think it may be on the move up.![]()
Same here with hard stuff on hand. The gold and silver in trusts will be sold to take profit when the price right.I will not sale my Gold & silver until the frig is empty.
My children can cash it in when I am gone.
Good to see you back Rick!Gains in Silver are just amazing.
I am glad I bought it when I did.
Gold had a lot of gains too but it really just about beats inflation.
I if it isnt people like us who are driving silver up, since the demand from folks who have lost confidence in fiat currencies is clearly as high as never before.
I will not sale my Gold & silver until the frig is empty.
My children can cash it in when I am gone.
Things got that bad for me once…. used up some resources. Given my track record… it’ll happen again. Still, I’ve made it this far and still doing alright. Now I have other things to fall back on, if bad goes to worst.We feel the same way. God forbid things ever get bad enough that we have to use it. It will be there as a legacy for the kids and the grandkids.
my rationale for storing silver coins:Mercury dimes are good to have, might just be enough for a loaf of bread some day.
Good to see you back Rick!
This has been a great thread![]()
Yeah, I still think PM's have room to move up. I think our dollar is going to face hyperinflationary pressures very soon. Our debt clock seems to have just run amuck. We have definitely passed the tipping point.....just waiting for the glass container to hit the deck and shatter. I feel that is where we are right now.With spot prices this high and markups even higher I no longer have a "buy" postion.
I dont engage in any profit taking via selling either but it has outperformaed inflation by a significant margin, so that might not be an unreasonable course of action, especially if followed by a conversion to Gold or Platinum.
As for myself I am at "hold", not "buy" now, when it comes to Silver.
I'm glad that my wife doesn't read these posts. A month are so ago I left my name for them to call me when they got silver in (at my wife's direction). She was up there & happened to ask about it & bought 15 oz of silver. If she knew it went up she wouldn't SAY ANYTHING. Nope, she would just give me THAT LOOK.Silver has doubled or tripled gold's gain in the last couple of days.
The wife reminds me daily.
Ben
I started with silver. Collected it almost weekly for a while, getting very aggressive cutting my weekly spending on fast food and alcohol and whatnot. I put a fair amount of cash into silver, by getting tiny bits, here and there.I'm curious as to how many people stock PM's other than Gold an Silver? I have some Platinum, not much. No Pladium. ... [Copper] certainly takes up more space, but I like to be diversified.
Think about titainium bricks tooI'm curious as to how many people stock PM's other than Gold an Silver? I have some Platinum, not much. No Pladium. A small bit of copper and of coarse.....some lead (in the form of pew pew's).Although, we have to keep replacing that.
One of the difficult things about copper is that it's value is relatively small in comparison with Gold and Silver. I bought some 5 pound bricks of it several years ago. It certainly takes up more space, but I like to be diversified.
GOLD is way to high to buy now!I started with silver. Collected it almost weekly for a while, getting very aggressive cutting my weekly spending on fast food and alcohol and whatnot. I put a fair amount of cash into silver, by getting tiny bits, here and there.
Going to the local coin shop almost weekly helped me become a "regular" there, so they would see me coming.
Then I read online that if could learn the discipline enough to hold onto cash, and then buy a tube of silver, I would be really satisfied, and really up my metals game. It worked. I loved the feel of that much silver...very hefty. I started saving more and more.
But, frankly, that was heavy enough for me. I was moving a bag of it one day, after cataloging it, and it was pretty heavy. So, I never went down to copper. Instead, I went up to gold.
I gave platinum some thought, especially as it came down in relation to gold. But, a lot of what I was saving for was for economic collapse, and possible lack of electricity/internet (and therefore a loss of ability by potential buyers to do research), so I decided to focus on coins that would be the most recognizable among my likely buyers...and with the longest history (thousands of years) of being currency. Gold is both a great store of wealth per weight, and is most recognizable (and therefore most trustworthy by less informed people). And, if platinum retained its value, then I figured so would gold. So, I stuck with gold.
I guess that depends on what happens next. If (that's a big IF) American currency is once again tied back to the Gold standard after an economic collapse, then Gold would still be a good buy now b/c our dollars we have today would be useless. IF you took at it that way, PM's are all a good buy right now.GOLD is way to high to buy now!
I did stop buying because "gold is high."GOLD is way to high to buy now!
That is definitely possible...I guess that depends on what happens next. If (that's a big IF) American currency is once again tied back to the Gold standard after an economic collapse, then Gold would still be a good buy now b/c our dollars we have today would be useless. IF you took at it that way, PM's are all a good buy right now.
I just don't see how America can recover from the debt we have dug ourselves in to. That's why I'd still be a buyer. Our dollar won't hold up, but PM's (and other assets) likely will.
A silver certificate is a type of legal tender in the form of paper currency that was issued by the U.S. government beginning in 1878. These certificates were eventually phased out in 1964 and today can be redeemed for their face value in cash only, rather than in actual silver.That is definitely possible...
Does anybody besides me remember the "Silver Certificate" currency?
Read the fine print on the bill:
![]()
"...Payable to the bearer on demand"
...so, where is the other 43.65% of the government's gold today?As of February 2023, the United States Bullion Depository at Fort Knox, Kentucky, had 147.3 million ounces of gold in storage. This is about half of the gold stored by the U.S. Treasury and represents 56.35% of the country's gold reserves. At the current price of gold, this amount is worth over $290 billion.
I have a few of those my mamaw gave me. Perfect conditionThat is definitely possible...
Does anybody besides me remember the "Silver Certificates" currency?
Read the fine print on the bill:
![]()
"...Payable to the bearer on demand".
Interesting history read on why they came into existence, and why they went away.
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