The case for gold

[scaredyclassic]

[quote=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[/quote]

make really nice gifts too.

[sdrealtor]

[quote=scaredyclassic][quote=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[/quote]

make really nice gifts too.[/quote]

If they can find them. He buried there somewhere on the 50 acre property

[The-Shoveler]

Wow once again Silver roaring ahead, 28 something this morning.

I wonder if this is forced short covering.

[scaredyclassic]

Hiding things is such a bad idea. I lost a watch this way

[Coronita]

I just melt my gold down and ask my dentist to make some of my filings out of them…

I think we might end up seeing $2500 gold and $40 silver

I did not know how easy coin dealers are letting people buy bullion with Bitcoin.

https://www.apmex.com/faq/bitcoin

[gzz]

Lately I got some insight on how it feels to participate in the bubble, having shorted the 99-01 tech bubble as a minor in an account mom set up for me, rented throughout the RE bubble, and sat out the current stock bubble.

Every time I buy more physical gold and silver, the next day it is worth far more than I paid for it. The mental sensation of overcoming reluctance to spend money is almost immediately rewarded with more money!

Buy at 23, a 7-year high? Maybe just 20oz, I’ve always wanted a full roll of random Morgan dollars. Three days later, each one is worth 20% more than I paid. Further, the breakdown in physical markets has led to both panic buying at high premiums and panic selling at low premiums. The arbitrage really isn’t a good use of my time, but it is fun to “win.”

Silver has anothing two things going for it similar to bitcoin: easier to buy than sell. Second, it has a near 24-hour markets. The only time silver isn’t actively trading with online COMEX quotes is late Friday (afterhours US trading ends) to midday Sunday (Monday Asian trading opens), otherwise it is a 24-hour market.

Decided to take money off the table the easy way by shorting a small amount of SLV rather than sell physical. Looked into selling calls, but call premiums on SLV are weirdly small, I almost want to buy some calls now.

[The-Shoveler]

IMO Silver gets much higher it will become too expensive to manufacture solar panels etc.. then the fed’s will step in like they did when got into the 40’s the last time.

Fed’s don’t give as crap about Gold so it can go as high as it wants.

[scaredyclassic]

When you think u cant lose, u can

[scaredyclassic]

[quote=The-Shoveler]IMO Silver gets much higher it will become too expensive to manufacture solar panels etc.. then the fed’s will step in like they did when got into the 40’s the last time.

Fed’s don’t give as crap about Gold so it can go as high as it wants.[/quote]

Historically feds stole your gold.

https://www.usgoldbureau.com/gold-confiscation

[gzz]

The Feds can tank gold because they have a giant stockpile. They sold the entire US Strategic Stockpile in 1980-81. Impeccable timing, as that was the all time high adjusting for inflation.

[scaredyclassic]

https://www.bbc.com/news/business-48177767

UK sold at low 20 years ago. should be trumps final dumb move. Selling Gold of united state before it goes up bigly

[Coronita]

I’m thinking maybe I’ll sell my coins and use the proceeds to buy a collector’s car. It would sit in the garage most of the time, but on occasion I could take it out and enjoy it. I wouldn’t race it. Just gamble on it appreciating. The only problem is, I don’t know which one…

I sort of like the idea of an 199x ish RS America, and insurance for it from Hagerty won’t be that bad…

The other thing I always wanted when I was a teen was the first generation Acura NSX. Good conditioned ones also are going up in price.

[scaredyclassic]

if one bitcoin can be worth 11k, why cant an ounce of gold be worth 11k? i honestly don’t know. i guess mining cant ramp up for bitcoin same as gold…but still. 5k? what is to keep things from going nuts?

interestingly miners stock lagging. not sure what it means. i almost always have a feeling things are going to shit, but now i feel like things are really going to shit. so maybe everything’s fine. im also contrarian on my emotions.

reading SPQR, history of ancient rome. they had some ups and downs too. fun read. history is good for old men, calms the nerves. i wouldnt mind going back to school reading history

[The-Shoveler]

[quote=scaredyclassic][quote=The-Shoveler]IMO Silver gets much higher it will become too expensive to manufacture solar panels etc.. then the fed’s will step in like they did when got into the 40’s the last time.

Fed’s don’t give as crap about Gold so it can go as high as it wants.[/quote]

Historically feds stole your gold.

https://www.usgoldbureau.com/gold-confiscation%5B/quote%5D
That was back when the world economy was a tiny fraction of today’s world GDP, you could not realistically go back to the gold standard today.
just not nearly enough Gold in the world to do that for any major economy.

[scaredyclassic]

[quote=The-Shoveler][quote=scaredyclassic][quote=The-Shoveler]IMO Silver gets much higher it will become too expensive to manufacture solar panels etc.. then the fed’s will step in like they did when got into the 40’s the last time.

Fed’s don’t give as crap about Gold so it can go as high as it wants.[/quote]

Historically feds stole your gold.

https://www.usgoldbureau.com/gold-confiscation%5B/quote%5D
That was back when the world economy was a tiny fraction of today’s world GDP, you could not realistically go back to the gold standard today.
just not nearly enough Gold in the world to do that for any major economy.[/quote]

why not? Just rejigger the numbers. 1 oz gold worth 20,000

[Author]

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