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Started By
Message
re: Gold has blown through $3800/ounce. The biggest buyers are banks.
Posted on 9/23/25 at 11:36 am to XanderCrews
Posted on 9/23/25 at 11:36 am to XanderCrews
Barbaric relic of the past according to Bernanke
1
Posted on 9/23/25 at 11:37 am to rob0710
quote:
Barbaric relic of the past according to Bernanke
There are a lot of investors who still say this^^^^ as they continue to buy.
Posted on 9/23/25 at 11:41 am to OccamsStubble
quote:
Alternate strategy- buy it in the US, have it delivered to your door, store in a safe deposit box for $40 per year that holds a couple Mil
The average OT poster will need a lot of safe deposit boxes.
Posted on 9/23/25 at 11:41 am to AGGIES
quote:
I’ve heard it being stated that this admin has a goal to reduce the debt cost by making the dollar cheaper…
The old strategy of using inflation to manage debt only works for awhile.....awhile has passed.
Posted on 9/23/25 at 11:42 am to Bass Tiger
Gold buyers that are paying more and more must be expecting to cut off pieces of bars to pay people, buy them fuel for jets or something. They days of having gold in pouches to pay for things are over. USD blows up then all things do.
Posted on 9/23/25 at 11:44 am to Bass Tiger
Awesome! I have 40 or so gold South African Krugerrands coming my way, someday, that my dad would buy every year from about 1975 through 1985 when the government stopped allowing it here due to 'apartheid'. I believe there are 165 total in the lockbox at the bank and my mom is leaving them to me and my three siblings. 
Back then they were between $150 to $350 each. Probably better investments he could have made, but I'll certainly be more than appreciative for the bluebird when that time comes.
Back then they were between $150 to $350 each. Probably better investments he could have made, but I'll certainly be more than appreciative for the bluebird when that time comes.
Posted on 9/23/25 at 11:44 am to AGGIES
quote:
Is POTUS intentionally tanking the USD?
Two main factors: congressional overspending and Russian sanctions.
Hopefully the first is easy to understand. Sanctions on Russia are pushing Russian O&G sales east to China and India and they are not trading in the dollar.
Next step. War.
Posted on 9/23/25 at 11:46 am to Bass Tiger
Gold was $1700 15 years ago. That's a terrible IRR compared to most other assets.
Posted on 9/23/25 at 11:47 am to Bass Tiger
I like those gold buffaloes that are selling 1-9 and paying by wire or check at $3988.51 each at the time of my posting. I bought a pound of them in 16 @ $1380 each and threw up each time I thought about it for two years.
They doing good, real good today problem is I can’t sell gold? I would soon starve than part with gold.
They doing good, real good today problem is I can’t sell gold? I would soon starve than part with gold.
Posted on 9/23/25 at 11:50 am to OccamsStubble
quote:
Alternate strategy- buy it in the US, have it delivered to your door, store in a safe deposit box for $40 per year that holds a couple Mil
I was under the impression that you can't insure items in a safe deposit box. If true, there is an added risk.
Posted on 9/23/25 at 11:54 am to Bass Tiger
I'm heavy invested in metals.
Gold, Silver, mining ETFs, etc.
Doing well over last 5 years. Beating overall market handedly.
Big question is, when do I need to sell some and shift to S&P 500 index or similar?
Gold, Silver, mining ETFs, etc.
Doing well over last 5 years. Beating overall market handedly.
Big question is, when do I need to sell some and shift to S&P 500 index or similar?
Posted on 9/23/25 at 11:55 am to Big Scrub TX
quote:
Gold was $1700 15 years ago. That's a terrible IRR compared to most other assets.
Gold over the past 3 years has outperformed the stock market......it's when you buy and when you sell bubba.
Just for history's sake.
Gold was approximately $35/ounce in January of 1970 and it's $3810/ounce today.
The Dow Jones was 810 in January of 1970 and is now 46,400 today.....you do the math.
Posted on 9/23/25 at 11:56 am to Bass Tiger
quote:
The storing of gold is a bit of a challenge if you're doing it at home. I would advise anyone holding significant amounts of gold to find a trusted depository with a reasonable fee and security to hold your gold.
Ehh part of the appeal of gold is that it’s tangible
Posted on 9/23/25 at 11:56 am to Bass Tiger
And the Government told us printing money and debt was no big deal
Posted on 9/23/25 at 12:07 pm to HubbaBubba
quote:
Awesome! I have 40 or so gold South African Krugerrands coming my way, someday, that my dad would buy every year from about 1975 through 1985 when the government stopped allowing it here due to 'apartheid'. I believe there are 165 total in the lockbox at the bank and my mom is leaving them to me and my three siblings.
My dad did the same, I have maybe 5 dozen or so in the safe at home, they go to my 2 kids and on to the grandkids one day. I can't make myself sell gold for some reason. Posted on 9/23/25 at 12:09 pm to Bass Tiger
quote:I've never heard a gold bug say to sell - ever.
it's when you buy and when you sell bubba.
quote:I will - if you add in dividends for stocks and carrying/storage costs for gold.
old was approximately $35/ounce in January of 1970 and it's $3810/ounce today.
The Dow Jones was 810 in January of 1970 and is now 46,400 today.....you do the math.
Posted on 9/23/25 at 12:10 pm to Privateer 2007
quote:
I'm heavy invested in metals.
Gold, Silver, mining ETFs, etc.
Doing well over last 5 years. Beating overall market handedly.
Big question is, when do I need to sell some and shift to S&P 500 index or similar?
Personally, I wouldn't move away from metals until the US government rolls out a legitimate strategy for substantial reductions in US government deficits/debt.....like a $1-2 trillion annual reduction in expenditures. The debt service on $38 trillion is approximately $1 trillion annually so you can see how difficult this debt spiral is to solve.
Posted on 9/23/25 at 12:16 pm to Bass Tiger
Aren’t we supposed to be going back to the Gold Standard?
Posted on 9/23/25 at 12:18 pm to Big Scrub TX
quote:
it's when you buy and when you sell bubba.
I've never heard a gold bug say to sell - ever.
quote:
old was approximately $35/ounce in January of 1970 and it's $3810/ounce today.
The Dow Jones was 810 in January of 1970 and is now 46,400 today.....you do the math.
I will - if you add in dividends for stocks and carrying/storage costs for gold.
Storage fees for gold range from .5 - .75%, not much different than the fees that one incurs with mutual funds/ETFs. If you have an actively managed retirement portfolio the fees can go well over 1% depending on who's doing the managing and the amount being managed.
I'm not a gold bug, I have less than 7% of my investments in metals. I'm seriously considering dropping a few hundred grand on some remote property in the next year or so that can also be used as a vacation spot.....tangible assets are probably going to be the play for the next few years.
As far as dividends on stocks being rolled into the annual return, I think my numbers on the Dow have that consideration included.
This post was edited on 9/23/25 at 12:21 pm
Posted on 9/23/25 at 12:23 pm to Bass Tiger
quote:
The storing of gold is a bit of a challenge if you're doing it at home.
Not really.
I don't have a ton of it (10- 1 oz coins), we put it in the floor safe. It can fit in the palm of my hand.
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