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Started By
Message
re: Let’s talk Gold and why it’s not cratering.
Posted on 4/3/25 at 12:32 pm to BarberitosDawg
Posted on 4/3/25 at 12:32 pm to BarberitosDawg
The Comex and the LBMA are experiencing significant shortages of physical GFD bullion .... for both Gold and Silver.
Gold delivery at LBMA london has stretched out to 14 weeks, which is unheard of...... It's normally a day or two.
If the inventory of precious metals is in limited availability, that would generally mean increased shortages and higher spot prices in the near future .... but it might also mean the long awaited separation between physical gold and paper gold may be about to play out.
Once the paper ETF's begin sliding, it will be breathtaking in quickness.
The exceptions may be funds like PHYS, which are backed by physical metal ... and banks like JP Morgan, which has the largest physical depository of silver in the world.
The chaos is beginning ... and it isn't even high season yet ....
Gold delivery at LBMA london has stretched out to 14 weeks, which is unheard of...... It's normally a day or two.
If the inventory of precious metals is in limited availability, that would generally mean increased shortages and higher spot prices in the near future .... but it might also mean the long awaited separation between physical gold and paper gold may be about to play out.
Once the paper ETF's begin sliding, it will be breathtaking in quickness.
The exceptions may be funds like PHYS, which are backed by physical metal ... and banks like JP Morgan, which has the largest physical depository of silver in the world.
The chaos is beginning ... and it isn't even high season yet ....
This post was edited on 4/3/25 at 12:38 pm
1
Posted on 4/3/25 at 12:32 pm to Enadious
quote:Depends what it is. Dealers are actually paying above spot right now for gold/silver Eagles and Maple Leafs and have been for about 6 years. The paper price is that out of whack.
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 12:36 pm to BarberitosDawg
quote:
it’s kept outside the home
understood. Most was around $250 in the late 90's. I did grab another 2 lbs. last Oct. It is up a little more than 14% since then. During the night, last night, it was up almost 17%.
I do think 17% every 6 months is unsustainable, barring worldwide events.
Posted on 4/3/25 at 12:38 pm to 94LSU
quote:
Dealers are actually paying above spot right now for gold/silver Eagles and Maple Leafs
What aboot the Krugs?
Posted on 4/3/25 at 12:48 pm to cadillacattack
quote:
but it might also mean the long awaited separation between physical gold and paper gold may be about to play out
laughs in physical gold and silver
Posted on 4/3/25 at 12:49 pm to 94LSU
Good to hear. My local dealer treated me very good in October. I would lend him some, if needed. 
Posted on 4/3/25 at 1:03 pm to Rip Torn
quote:
This guy gets it and that is why bond yields are low as well, no one is buying them
That's not how bond yields work. The higher the price the lower the yield percentage. If bond yields are down then that means the price of the bonds are up and people are moving their money into them because they have been a historical safe haven.
This post was edited on 4/3/25 at 1:07 pm
Posted on 4/3/25 at 1:08 pm to BarberitosDawg
I expect my gold holdings to overtake my btc holdings soon. Both have
already routed my stocks.
already routed my stocks.
Posted on 4/3/25 at 1:10 pm to mikesliveisacheater
Gold, Silver and Real Estate is WEALTH
Everything else is pretend (Fiat)
We HOPE fiat money will give us the same value in the future.
BUT IT NEVER DOES.- INFLATION
Everything else is pretend (Fiat)
We HOPE fiat money will give us the same value in the future.
BUT IT NEVER DOES.- INFLATION
Posted on 4/3/25 at 1:11 pm to lsuguy84
Posted on 4/3/25 at 1:14 pm to Jack Daniel
India owns more gold than anyone
Most is in jewelry and temples
Most is in jewelry and temples
Posted on 4/3/25 at 1:16 pm to BarberitosDawg
All I know is I wish I was King of the Klondike, Tony Beets right now.
Posted on 4/3/25 at 1:44 pm to Bunk Moreland
Posted on 4/3/25 at 1:48 pm to BarberitosDawg
This makes absolutely no sense of buying. Warren Buffet famously said something similar to that buying gold is mistake as you lose when you purchase, pay to sell it and stick it in the ground while paying someone to watch it
Posted on 4/3/25 at 2:20 pm to beulahland
quote:
Gold has intrinsic value.
does it? my FA says it doesn't whereas silver has some. He does have some vested interest in keeping me away from precious metals though.
He likes to say buy ammo if you're looking for currency with some real intrinsic value.
Posted on 4/3/25 at 2:42 pm to Nosevens
quote:
This makes absolutely no sense of buying. Warren Buffet famously said something similar to that buying gold is mistake as you lose when you purchase, pay to sell it and stick it in the ground while paying someone to watch it
My father bought at $1350/oz. He spends about $50/year for a small safe deposit box. There are MANY days when the gold in that box is worth $30,000 more than it was the day before. I don’t think having ‘someone else pay to watch it’ bothers my father very much.
Posted on 4/3/25 at 2:51 pm to BarberitosDawg
I bought a substantial amount of gold in July 2023 right at a $2,000 peak. It immediately dropped and I was the butt of jokes for months. I hadn’t looked in a long time, but just did and it is above $3,000. That gain in gold covers 5/6 of my losses today (so far). I didn’t do it to diversify investments, but it’s worked out well for that.
Posted on 4/3/25 at 2:52 pm to BarberitosDawg
can you show me the returns of the S&P over the last 30 years compared to Gold?
Posted on 4/3/25 at 2:54 pm to Pandy Fackler
quote:
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.
I’m glad to hear you two debunk that; I was worried for a minute. And the Honor System? Yep, that’s the system for me.
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