I am dusting off the good old trustee truck..... getting it ready to fill up, just need a few more red candles... now where are them darn keys
smaller bars usually cost a bit more than bigger 100oz bar but it cost more for 1 100 oz bar compared to 10 x 10 oz bars
And the Ponzi scheme fiat will revalue gold to its true value at $87k and $10k silver and who will want the ponzi fiat then?
The “statutory price” for gold is set at $42.22 per fine troy ounce, the same price it was in 1971 when the dollar came off the gold standard. The real price of gold in the open market is about $1750 per troy ounce. https://www.forbes.com/sites/vipinb...an-1-of-total-bitcoin-supply/?sh=2bb23958e8fa what is a record, and what is real is not relevant to what ??? but they won't sell you for $42.22 per ounce, but their price is $42.22 LOL
Nice little pop in the metal prices today, particularly in gold, might be an interesting overnight session coming up tonight in Europe & US. There is nothing like the smell of fear of a new covid strain with an extremely high number of mutations to liven things up a bit
Good time to ditch the two white metals altogether and climb aboard the gold train, if you have any sense at all! Platinum and palladium are and always will be nothing but industrial metals, and those of you waiting for platinum to return back to its glory days of being priced higher than gold will be waiting all your lives. And as for palladium that $200 price crash overnight is a sign of things to come, not a sign to back up the truck
Back when gold was $1000< I mostly only bought fractional because it was way too expensive and it wouldnt ever go up much more. I mean how could gold ever go that high. Now I buy fractional for the same reason! I'm too broke for this shit! Haha
Yes, I hear that all the time from people who are earning much more money than me, that gold is too expensive now and they can't afford to buy it. And yet they seen to find the money to gamble on cryptocurrencies, drink expensive grog, and are willing to pay nearly $50 for a packet of fags I am still buying more gold than I am selling at these prices and will continue to do so until the price is substantially higher. The smallest stuff that I stack is the 1/25 oz gold coins these have a spot of $100 each in Aussie fiat, when these coins have a spot of $1,000 or more I will agree with you that gold is probably too expensive to buy at those prices.
Yes gold is always too expensive and I used to CRINGE at $115 usd 1/10 Eagles a few years ago. Who would pay $1150 an ounce for gold, really!? I was pretty sure buying ten of them was a stoopid choice and they'd never be worth much more but as they say, gold doesnt make a profit. It's just a savings. Just gotta accept the old relic for what it is. Ancient and not worth much these days with them aircoins.
prices are at middle grounds, so there is a chance of further fall or recover up if one continue to accumulate is the strategy, then just grab what ever is reasonable, take it as black friday discount I have palladium as a hedge for silver, just in case silver plunge, when they both went up, I can sell the one that overshoot, and buy back later when it drop again... so this can be the time to maintain that hedge as time passes, the silver began to build up again, just to retain their parity
it worked out real well in the recent top $3000 for Pd, can sell but with got a big hair cut...none the less, can buy it back now, and balance put in silver. that is the idea of hedging and increase your metal at different time. I did that before, so will do again in the future.
^^^^ What worked for you in the past is not guaranteed to work for you in the future, we are about to enter uncharted territory They gave us plenty of warning about what they were planning to unleash on us with Deagle over the years. $15,000 purchasing power parity yearly wage in 2025, if you are still lucky enough to have a job then. By that I mean you might still have a $60k yearly wage, but it will only buy you what $15k does today.
