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Started By
Message
re: Silver at over $29 per oz today
Posted on 8/6/20 at 11:00 pm to OccamsStubble
Posted on 8/6/20 at 11:00 pm to OccamsStubble
quote:
But I know it means inflation is coming.
Precious metals are historically poor at hedging inflation. They're a crisis hedge. The more nervous people are (covid, election, stocks going up while the main street economy is in shambles), the higher gold and silver go.
If silver was a good inflation hedge it would perpetually be at all time highs.
1
Posted on 8/6/20 at 11:47 pm to Buckeye Jeaux
Silver’s parity with gold complicates its store of value as a hedge against uncertainty. It’s much riskier.
Posted on 8/6/20 at 11:49 pm to Buckeye Jeaux
Judas is thinking, "Oh shite I was born 2000 years too soon."
Posted on 8/7/20 at 12:04 am to Buckeye Jeaux
I can't sell any of my gold it doesn't matter how high the market goes I tried to sell some once when what 2012 it went way up but I got all hot and sweaty and almost had a panic attack.
I cashed in a TD-Ameritrade account in 2016 and bought gold buffalos from JMbullion at $1350 each With the proceeds and felt stupid about it for 3.5 years, today I know that was the right move but I can't sell gold and the candrum continues.
I came about a bunch of silver bars some time or another I don't really remember how exactly that happened part of a multi deal most likely. I might see about moving those if things continue to climb as silver is a pain in the arse.
I cashed in a TD-Ameritrade account in 2016 and bought gold buffalos from JMbullion at $1350 each With the proceeds and felt stupid about it for 3.5 years, today I know that was the right move but I can't sell gold and the candrum continues.
I came about a bunch of silver bars some time or another I don't really remember how exactly that happened part of a multi deal most likely. I might see about moving those if things continue to climb as silver is a pain in the arse.
Posted on 8/7/20 at 6:59 am to BarberitosDawg
This post was edited on 2/17/21 at 10:04 pm
Posted on 8/7/20 at 7:10 am to slackster
Only if inflation was at an all time high
It’s artificially kept low, and will be until it can’t be. I have TIPS for that
It’s artificially kept low, and will be until it can’t be. I have TIPS for that
Posted on 8/7/20 at 7:18 am to Buckeye Jeaux
It’s only going higher over the next few months. Same with gold.
We are going to see a major crash. What Congress, The President, and the fed are doing to our money and Our savings is criminal.
We are going to see a major crash. What Congress, The President, and the fed are doing to our money and Our savings is criminal.
Posted on 8/7/20 at 7:19 am to Buckeye Jeaux
quote:
Up 62% in the past 30 days
Nesara.
Posted on 8/7/20 at 7:25 am to BarberitosDawg
quote:
I cashed in a TD-Ameritrade account in 2016 and bought gold buffalos from JMbullion at $1350 each With the proceeds and felt stupid about it for 3.5 years, today I know that was the right move but I can't sell gold and the candrum continues.
Damn , 45%+ increase in 4 years.
Posted on 8/7/20 at 7:41 am to 93and99
My dad did the same. Sold Southern Company and bought 44 lbs
Posted on 8/7/20 at 7:59 am to Skeezer
quote:
We are going to see a major crash. What Congress, The President, and the fed are doing to our money and Our savings is criminal.
And the dipshits beg for it to be done to them by fiat, it is the damnedest thing I have ever seen.
So caught up in a man crush on a politician they beg to be made poorer just so he gain gain troll points., its surreal.
Posted on 8/7/20 at 8:01 am to cave canem
Go change your tampon, you’re bleeding all over the place this morning
Posted on 8/7/20 at 8:04 am to trumpethead
quote:
How does one go about selling silver bars or junk silver? Who do you sell to?
Usually a local broker or buyer... even small town pawn shops will buy junk silver, not necessarily the best price...
Posted on 8/7/20 at 8:42 am to wutangfinancial
quote:
I'm pretty sure it's the opposite. They'll go up in tandem with the current monetary and fiscal regime.
In the MB thread regarding Fed monetary policy, what does PDs stand for? I follow that, but don't really participate other there for various reasons.
Posted on 8/7/20 at 9:02 am to Buckeye Jeaux
It is going to be more expensive to kill Vampires.
Posted on 8/7/20 at 9:13 am to Bourre
quote:
Go change your tampon, you’re bleeding all over the place this morning
You know you have lost when this juvenile shite is all you can bring to the table.
Posted on 8/7/20 at 9:13 am to OccamsStubble
quote:
Only if inflation was at an all time high
It’s artificially kept low, and will be until it can’t be. I have TIPS for that
If gold was a real inflation hedge, it would always go up (at least in USD). Unless we have deflation, which hasn't really been a thing since the public could buy gold again, then gold would always go up. The fact that gold still isn't higher than the 1980 inflation adjusted peak tells you everything you need to know.
Like you said, TIPS are true inflation hedges, but they're boring as hell so I understand why they don't get the pub that gold does.
Posted on 8/7/20 at 9:15 am to BarberitosDawg
quote:
I cashed in a TD-Ameritrade account in 2016 and bought gold buffalos from JMbullion at $1350 each With the proceeds and felt stupid about it for 3.5 years, today I know that was the right move but I can't sell gold and the candrum continues.
Why did you buy it, if you don't mind me asking? What was the logic?
Posted on 8/7/20 at 9:17 am to gthog61
quote:heh heh, yeah
Judas is thinking, "Oh shite I was born 2000 years too soon."
he would be a thousandaire
Posted on 8/7/20 at 9:32 am to JJJimmyJimJames
I see the Kiyosaki, Schiff, Gammon, Rogers,etc..crowd is all happy!
This post was edited on 8/7/20 at 9:35 am
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