The case for gold

[gzz]

99.999+% of the intelligent life in the universe would consider YOU to be an alien from another planet.

Extraterrestrial is the inclusive term.

[scaredyclassic]

[quote=gzz]99.999+% of the intelligent life in the universe would consider YOU to be an alien from another planet.

Extraterrestrial is the inclusive term.[/quote]

So true. The kingdom of G-d and the alien computer is in us all. In the beginning was the word. What is a “word” but an immaterial bit of code Like a basis for a program. A computer language. Not material. The evidence for Him being a programmer is right there, man.

Friday’s the day, 2,000 gold. End times are here.

[scaredyclassic]

So close. 1993. Maybe its time to consolidate.

I cant trade. If i buy, im in for at least 3 to 5 years.

[scaredyclassic]

so worthless. just a useless piece of scrap.

[Coronita]

Gold crossed $2000

Silver and platinum also up…

AMD is crossed the $100billion market cap. Glad I bought back in, sort of…

Dollar is getting trashed.

[The-Shoveler]

Maybe they finally printed enough to hit point of no return LOL.

[Coronita]

[quote=The-Shoveler]Maybe they finally printed enough to hit point of no return LOL.[/quote]

The interesting part is these days when the equity markets tank, so does gold and silver I think.

Looks like gold just took off past $2010/ounce

[scaredyclassic]

maybe; past performance doesn’t predict future results. that last crash was in the face of a lot of uncertainty about covid. the next crash might be different.

it was painful for me to be a buyer today. so i bought some, because i did not want to.

I expected some consolidation. i thought we would be in the 1900s for a while, screwing around, waiting for news on a vaccine or something. gold seemed almost afraid to break 2000. But i also wouldnt be surprised to see this thing melt upwards, maybe not now, but some day not so far away. when people scramble for the exits, that money has to go somewhere. usually it’s the dollar. now, i’m not so sure where people think “safe” is anymore. i dont think it’s that we printed “too many” dollars. I think the underlying cause will people lose faith in the USA because they think, yeah, this country is fucking nuts. i mean, we have a strong advantage just the way the system’s structured now, but look around. half the nation thinks trump is a good president. we cant seem to not kill ourselves from covid. our people are dumbshits. yeah, we are good athletes and make objectively better movies, but looking forward, is the dollar really where you want all your eggs? things change….gold could be the bridge…

if we woke up in the morning to 2200 gold, i would not be shocked.

however, i would take anything i say with a grain of salt, because i have been overweighted gold for a long time. even a stopped clock like myself is right twice a day, aand not that far off the correct time, even more often than that! its painful to sit on losses for years. but i stay married, dont charge careers and refuse to budge on my position that the dollar is doomed.

on the other hand, i have been buying like crazy the last couple months.

i didnt quite have the guts to go all in…what i know now, that i didn’t know 10 to 20 years ago, is that I’m pretty dumb.

the only things i actually know, if you are an ordinary person want to be financially successful, is

1. pick a good mate, preferably a moneymaker who doesnt spend.
2. be cheap.
3. have a financial plan and stick to it not involving market timing. invest with a long time frame in mind
4. dont get divorced.
5. avoid debt and big expenditures.
6. try to make money

all the other bs i spouted, ever, just shit i read that resonated with me on some emotional level.

[The-Shoveler]

[quote=Coronita][quote=The-Shoveler]Maybe they finally printed enough to hit point of no return LOL.[/quote]

The interesting part is these days when the equity markets tank, so does gold and silver I think.

Looks like gold just took off past $2010/ounce[/quote]

It almost seems like (in the case of Silver anyway) it has become the new hot momentum stock!! LOL

[Coronita]

I have SLV in my IRA and only have gold bullion. I tried buying silver bullion but too damn pain on the azz. The ones I did get, I gave them as stocking stuff gifts to relative kids. They were $15/each. They are probably double that now.

[gzz]

What’s painful about silver bullion? A $60 a year safe deposit box holds about $15k worth. A lot of banks will waive the charge too if you have their premium checking account or large balances. You can also just bury it in your yard like a pirate, just be sure to say where in your will, to be dramatically revealed in a sealed codicil.

[The-Shoveler]

I vote for the pirate method, only leave a really vague treasure map that you have to figure out clues like a puzzle.

[scaredyclassic]

the other retro method is silver ware.

eat with your investment.

not safe for machine washing.

silver may be the best forking investment of the year. it can be scary to catch a falling knife. but you’ll spoon up the gains. the setting is perfect.

i cant get into this method though, because you ahve to handwash silver. who the hell would do that?

[sdrealtor]

My sister told me she and her husband have about 600 Silver eagles. Asked me what to do with them? I said sell em to scaredyclassic

[scaredyclassic]

i only buy paper. nothing real. thanks. except i am in the market for a giant mesmerizing pearl.

https://www.theonion.com/financial-experts-recommend-americans-set-aside-giant-m-1844617007

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