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Started By
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Let’s talk Gold and why it’s not cratering.
Posted on 4/3/25 at 11:36 am
Posted on 4/3/25 at 11:36 am
I know usually this is kept on the money forum but the dams burst and etfs and tariff talk is the norm today.
Ask price for a certified ounce of bullion gold right now is $3122.29 12:32PM EST.
DIVERSIFYING investments one day at a time. Your ETFs drop but Your tangibles skyrocket. Nobody hits all the slot machines in the same day in the real world almost nobody.
Ask price for a certified ounce of bullion gold right now is $3122.29 12:32PM EST.
DIVERSIFYING investments one day at a time. Your ETFs drop but Your tangibles skyrocket. Nobody hits all the slot machines in the same day in the real world almost nobody.
11
Posted on 4/3/25 at 11:38 am to BarberitosDawg
Posted on 4/3/25 at 11:38 am to BarberitosDawg
Because Russia and China has been buying gold like gang busters the last few years
Posted on 4/3/25 at 11:39 am to lsuguy84
That outfit should be in jail. I forgot about those schisters…
Posted on 4/3/25 at 11:46 am to BarberitosDawg
quote:
Ask price for a certified ounce of bullion gold right now is $3122.29 12:32PM EST.
You won't get spot price when you sell it. You have to pay 28% 'collectable' tax on the profits.
Posted on 4/3/25 at 11:55 am to Enadious
I never sell, just buy it’s an addiction and possibly a good problem?
Posted on 4/3/25 at 11:59 am to BarberitosDawg
Because when the market goes down people move their money to gold until it gets low enough to buy back in. So when the market goes down, gold goes up and vica versa.
This post was edited on 4/3/25 at 12:01 pm
Posted on 4/3/25 at 12:01 pm to BarberitosDawg
quote:
I never sell, just buy it’s an addiction and possibly a good problem?
How many pounds were you holding on April 2nd, tariff day?
Posted on 4/3/25 at 12:03 pm to MikkUGA
quote:
Because when the market goes down people move their money to gold until it gets low enough to buy back in. So when the market goes down, gold goes up and vica versa.
The market has steadily been increasing since the end of COVID, and so has the price of gold.
Posted on 4/3/25 at 12:07 pm to BarberitosDawg
Gold has intrinsic value.
Posted on 4/3/25 at 12:10 pm to MikkUGA
This guy gets it and that is why bond yields are low as well, no one is buying them
Posted on 4/3/25 at 12:12 pm to beulahland
quote:
Gold has intrinsic value.
I have precious metals as a hedge because I'm betting that if the dollar goes to shite, the sheriff will take gold/silver for property tax payment.
"You always need something to pay the sheriff with."
- Every Plantation Owner that Lost his Property to Carpetbaggers
Posted on 4/3/25 at 12:13 pm to Enadious
You clearly don’t know what you are talking about. Paying taxes on precious metals is hilarious.
Posted on 4/3/25 at 12:14 pm to Hangit
I don’t honestly know, as it’s kept outside the home as insurance requires I had a small flower pot full last time it was all together in the early 2,000s and people couldn’t believe how much that little pot weighed.
Today you can’t put your family into that type of risk and I prolly shouldn’t have done it then but $300 vs $3000 is different.
I just buy a few gold coins a year now.
Posted on 4/3/25 at 12:15 pm to Jack Daniel
All central banks have. Usd is doomed.
Posted on 4/3/25 at 12:15 pm to Paddyshack
The market was increasing because it had an endless supply of cheap money but experienced investors knew the endless money supply would cause inflation therefore making it necessary to continue to invest in gold
Posted on 4/3/25 at 12:16 pm to Rip Torn
Yep, when things are uncertain people put their money in gold. Gold is flowing out of Europe to America at a crazy pace the last few months. They are are about to go to a digital currency and they will be able to control the peoples money as they fall off the cliff with all the war talk. Gold always flows away from chaos.
Posted on 4/3/25 at 12:16 pm to BarberitosDawg
You're an idiot if you don't buy gold.
Posted on 4/3/25 at 12:21 pm to Rip Torn
quote:
experienced investors knew the endless money supply would cause inflation therefore making it necessary to continue to invest in gold
Im far from experienced but I purchased a lot of gold in 2020 and 2022
Posted on 4/3/25 at 12:26 pm to ChiefKiefton
quote:
You clearly don’t know what you are talking about. Paying taxes on precious metals is hilarious.
Exactly. I own tangible gold. The loopholes in place that help you to avoid taxes are really easy to exploit. What alot of folks don't realize is that if you sell gold properly, you're on the honor system when it comes to taxes.
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