keeps going up up & up.

What say u about stocking up?

Where do you buy?

US gubmint is buying up lots of gold.
Probably that is driving up the price.
Must be a mountain of it in fort knox by now.

To me it's too high but there are people on here who know a lot more about this than I.

Gold is all time high.

To me that's the wrong time to be buying, but I'm a grains guy so I'd be selling or shorting right now.

whats your purpose in stocking up? its nice to have a little of both for a "just in case scenario". but if i had it to do all over again i would not buy silver. its become a byproduct metal and i'm not impressed with its past appreciation and dont see much future upside. gold maybe is likely a slightly different story but from a pure investment stand point i believe youre much better off in mining stocks than holding more than a small amount of the metal itself.

if you goal is longer term inflation speculation, im way more of a gambler on crypto than the precious metals. the worlds a changing place and theres little doubt thats where the younger generation are headed whether we like it or not

my goal is having valuable things that are relatively light and can be used to obtain goods and service if the dollar collapses/grid fails/internet fails/etc.. Plus they hold their value or more...to purchase goods/services.

an ounce of silver today buys more gasoline than it did 100 years ago.

an ounce of gold today easily buys good/services the same as it did or better than 100 years ago..or so I believe.

But that's right now. Will gold or silver hold their value in TEOTWAWKI? I doubt it.

I hold a few hundred dollars in precious metals, but that won't be where the profit will be.

The profit will be in ammo, alcohol, tobacco and pharmaceuticals.

I MIGHT find someone that'll sell me a few rounds for a silver dime, but I KNOW I'll find someone to sell me some rounds for a quart of shine or whiskey.

And probably a months worth of groceries for a sack of tobaccy leaves.

US government is not buying gold

Angela, you're only ignoring 6,000 years of history. Gold and silver have always been a means of barter

I’ve always had trouble when trying to barter with gold or silver. People gave strange looks when asked how many oz of gold they’d take for something.

Way too high of prices to stack now.

I went through that phase. I stopped around 2018--other than a current Eagle once a year.

Buy land and things you can use. Although, I'm glad I bought metals years ago. Will not be selling--saving for a rainy day.

If you decide to accumulated some with that as the goal I might suggest staying away from bars. I thought that was a good idea at one time but when I look at those sitting next to coins they become way less portable and there is often questions about purity etc.

Buy gold & silver. Get rid of your crypto.
Probably just my opinion

When you buy gold & silver, have it physically in your possession, not somewhere where a company holds it digitally for you

Precious metals go up for a reason. A weak dollar for example. Precious metals will be going much higher

I'm sure in the past there's been guys that would have traded a pound of gold for a load of firewood.....but froze to death holding their gold.

I have about 50 silver dollars. I have a few rare ones, but I hold no othah precious metals. I'm sure in fund markets if you are invested there are holding that have precious metals shares.

An 1889 CC Morgan silver dollar is a nice, rare coin.

Marty comes back then u come back. Good to see u again

Maybe your right but if you have to go (be mobile) how much whiskey can you carry? I can certainly carry 16 ounces of gold in small weight coins (1/10, 1/4 ounce). If I get sick and need meds .....gold and silver have been used for purchasing goods and services for thousands of years.

yup.

We both got sent to the woodshed for 3 months.....

Mine was voluntary. Wanted some peace and quiet.

HaHa, I doubt there is much if any gold in Fort Knox. It was drained years ago, that’s why Nixon took the US $ off the gold standard.

TEOTWAWKI I am not going to flee. If its my turn to die I would rather take it than to subsist on lamb quarter, sting weed, bugs and rodents. I am too old for that nonsense.

If a nuke hit 500 miles north of you and the wind was blowing it to you you would stay home?

Nuke will likely hit Wichita and Omaha if it happens. Hit Colorado Springs NORAD and Wright-Patterson in OH. So which way can you go?

Could just be one. Could be an accident. Maybe a nuke power plant. Anything can happen.

Just Google this "China buying gold". They are wanting to become the world's reserve currency at some point and bump the USD out of top spot. The Arabs are accepting Yuan for oil now, something that China used to have to pay for in USD. I doubt it will happen in the next couple years, but that would put U.S. currency on a par with some severe debtor nations currency, because we have 36 trillion of debt and nothing but good intentions to back it up with. Again, it won't happen soon, but we are on that path.

Central banks are gobbling up gold, although not the US.

The BRICS coalition is getting larger every day and are tired of the weaponization of the USD.

Al, I don't think it will be much longer and they will attempt a gold/commodities backed currency for international trade. Less than 5 years is plausible IMHO

Yup. That's why our government wants war with russia.

Dont kid yourself,the USA is the biggest customer for Gold from the mines in Canada.
My son works at one of the bigger ones and the USA buys 80% of the production.
I bet it is the same with all the other gold mines here.
The UK is also a huge customer for gold from here.
Those Brics clowns will be in for a big surprize when they find out how much gold is actually held by the USA.

I think bars of silver or gold would be so classy…
And a mansion with a big study and overstuffed armchairs and a polar bear rug and a couple Irish wolfhounds. And maybe a hedge labyrinth in the garden.
Champagne taste n beer money

BOCO, the US may very well buy the bulk of Canadian gold but it isn't the US government.

FYI China produces the most gold followed by Russia and Australia. China is also the largest consumer of gold

BOCO, the US may very well buy the bulk of Canadian gold but it isn't the US government.

FYI China produces the most gold followed by Russia and Australia. China is also the largest consumer of gold

Yes it is the US govt that buys from Detour mine.
All they can get.

Now show the other chart that shows the amount in reserve.
And dont think that what they say is what they do.

Do you only believe what you want to believe when the gubmint tells you,lol.

Do you have any paperwork to prove it?

My son works at the mine and knows who buys the gold.
Detour produces 5 million per day-most to the US gubmint.
Likely the same with all the other mines owned by Agnico.

Anecdotal evidence isn't good enough.

What do you think happens to the fold exported to the UK?

Not anecdotal,my son works there and knows where the gold goes.
Simple as that.
I dont care if you believe it or not.
I know,

He doesn't know any more about Gold than he does being a Doctor.Hahahaaaa

You would be better off buying ammo. I don't see the point in buying gold.

If your hungry,,,you want some gold or a sack of potatoes or ammo to kill some food with.Gonna be a lot of sad folks if they depend on gold.

Dollars are better?
only if backed by gold.(soon)

100 years ago a 20 dollar gold piece would buy you one of the finest suits available at that time.
Today, the gold contained in that same 20 dollar gold piece would buy you one of the finest suits available today.
Long term, gold is, and always has been an investment which will protect your principle. It won't make you rich.

If it got to the point there was no rule of law,,your not gonna want gold.You will want all you mentioned above and lots of ammo to protect it.

"When the disaster is upon us,,the time to prepare has past".If you have NO DEBT,,and a three months supply of EVERYTHING you would need to survive,,,you are 95% ahead of everyone else.Then work up from there.

Correct and adding to it all the time.
And the US wont have to go back to gold backed currency as long as they have the most gold.
The Brics countries can go that way but it wont hurt the US dollar much as long as the Us has most of the gold.

The US has the most gold

The US will not return to a gold standard

If the BRICS nations are successful in creating a currency for international trade that is backed by sound monetary policy, western debt backed currencies will be very vulnerable

THIS, good to see someone is paying attention!

Be out of debt first or the banks will take all you have. Second have food that lasts , dried beans and the like garden seeds and lots of them and a pile of manure. Then if you can swing it precious metals some of that but don’t let a soul know about it. Of course a bunch of traps and bullets the woods will be empty of game in 6 months to a year. Just look how few people wiped out all the western game in a short time. We already have few deer and barley a rabbit We really don’t have a clue how bad it will get and fast if the big one hits. Of course trust God. Proverbs 22 verse 3 says the wise man sees trouble approaching and prepares but the fool goes on in his folly and suffers the consequences. Ecclesiastes 11 verse 1 cast your bread on the water 7 ya 8 ways for you know not what calamity will fall on the earth. Meaning diversifying. Oh and a gold pan for finding gold.

Whats a gold sammich tastelike?Ill take meat.

gold has purchased meat for thousands of years.

FOMO is a powerful emotion

Rarely ends well

I guess my idea of a hit the fan moment is a little more serious than some on here to me if I'm in that scenario debt doesn't bother me as there are not going to be enough people who care to come collect it.

I have no anxiety, thanks anyway for the advice.

Silver is actually flat. Hasn’t gone up in years. I bought 200 oz in the late 80s at $4 per ounce. A passbook savings would have done better over 40 years. Still holding. Rare coins might do better than bars of silver.

It was not flat when it was $48 in 2011.
Closing on $30 today.

The real wealth in the country is solid assets and if you owe on anything and can’t pay it there will be no benevolent bankers. They will will be happy to take your property from you and will do so rapidly.

There are many, many more bad scenarios than the end of civilization. They happen all around the globe every year.

I have always thought it isa good idea to own some silver and gold How much is a decision each person should decide .At the same time I strongly believe the most important precious metal anyone could have is spelled AMMO and has a large number of different markings on it such as 12 16 or 20 ga. You might see it packaged in boxes of 20 25 or 50 each 9mm 22 cal .357 .44mg 40.06 2506 270 7mm are some normal types Some might have hollow point core lock and solid points will work t o retain the gold and silver you wish to keep in your possession And AMMO could be it's own form of currency if both parties agree. One draw back is it is only to be used for just very specific types of activates.

Or there could be just enough of the system left you will loose what you can't pay for. I'm not a gambler on what's going to play out so being debt free is a priority. When you are debt Free you have much more money to spend on ammo, water filters, ECT.

It's all about piece of mind. If I got hurt or lost my job I'm ok because I will have no bills other than taxes, utilities, transport and foodstuff. It feels good knowing that especially when you have funds to go over a year with zero income coming in. That gets longer as the debt decrease.

Imagine if worlds new gold production was Suddenly cut in half?

What do you think would happen to the price?

Especialy if your land is good for farming,,,or has trees for harvesting firewood.

Spot silver is $27.47 today (Monday)/

^$27.97 now and it was $22.50 6 weeks ago...probably will hit $28 today.

And gold is $2341 and six weeks ago was just over $2k. A year ago was $1200.... I am lucky to have a good coin shop here where I can get these things for great prices, lower then any online source. I can get junk silver right around melt values except for dollars which have a premium...

I should have purchased more a month ago....

The thing many don’t think about with precious metals is that it n the event of a German mark hyperinflation type scenario where your dollar hyper inflates to oblivion if you own gold and or silver you have a purchasing power that has proven solid throughout history. With a 34 trillion dollar debt and 200 trillion in unfunded liabilities this is a very possible scenario. We have either been governed by total idiots or those whose intentions have been our destruction all along.

X2

X2

You guys must all be 100 years old and like the way you think. Young people rely 100% on electronic currency. Credit ,debit cards, bitcoin are at the mercy of hackers and government. Buddy was told by IRS he did not pay some taxes and they liquidated all his accounts and his daughters. They have you by the testiest and are guilty till proven innocent. Took IRS over one month for them to decide they where incorrect and gave a refund. Dont know if the could take belonging out of a safety deposit box?

Gold was not at $1200 a year ago. Or anywhere close.

That is a misprint, 5 years ago.

I see you've been reading Karl Marx. And his book "The Communist Manifesto! Good reading that should be required in public school today. To remake a society you must first destroy it seems to be Obama's agenda, and "Big Joe" is the puppet.

One warning about buying gold. Years ago a guy was buying collectors gold at local dealer. He bought a safe from that dealer. An employee of the dealer murdered the poor guy and robbed his gold. These gold shops could be being cased by crooks and following customers back home. Call me paranoid but be super careful and never tell anyone what you have , I mean no one. It’s why I have no interest in the stuff. Just food for thought. If I were to buy I’d pay cash, wear a mask , mud up my license plates and park a ways away for quick getaway and make sure I wasn’t being followed.

how do you know if its real?

Roosevelt made owning gold a crime? What if that happens again?After everyone sold their gold for paper they raised the dollar value of it about 30%. I suggest buy with cash anonymously.

Forgot to take your meds eh?

real gold/silver has a nice ring to it. You can also measure and weigh the coins plus see if they are magnetic.

there are some good counterfeits out there.

my coin shop has a machine that tells you what it is..

Heroin is illegal, it's not hard to get.




Buy a tester.

Maybe I need some meds my wife says I’m paranoid but the poor guy really got murdered. My brother in Idaho knew a fellow pilot who drove all the way to Montana to a gold dealer with $40,000 cash and bought gold when it was $400 an ounce. His reasoning was same as mine and he was flying commercial airliners. We might both be nuts but people have planned and executed murder for a few thousand dollars they knew the victim had. Just saying be careful. By the way what meds would you suggest 🤗

TSA would confiscate 40k if they find it on you today...

Don't forget "several leather bound books and your mansion smells of rich mahogany." ref: Ron Burgundy, Anchorman

Yes they would. That’s called communism

Law enforcement in ks confiscates 3 million a year from travelers in amounts under $3200. Cost at least $5k to pay a lawyer to get it back.

^^^
usually without filing charges

I have never determined the exact amount beyond which cash is illegal

Could probably steal precious metal under the same law (federal) if drug use is "suspected".

Never been a fan of investing in it or owning it as something I tied my cash up in to hold it, unless it was in jewelry for the Mrs.
Jim

And it has a shelf life,fairly short under adverse weather conditions.

Silver closing on $29. Gold closing on $2400.

Wonder if election causing it to go up among other things.

it may going to keep going up till the election.

I don't think the upcoming election has much to do with prices of precious metals. The world wide economy is the main cause of increasing prices do to inflation. The only cause of inflation is money printing. About every country is operating on debt and fiat currencies that continue to be printed. Gold is real money. Has been for centuries. Silver is a totally different market. Silver can be money but is mostly an industrial metal that is being used up faster than it is being produced. Both are valuable tangible assets for different reasons.

While shorter-term corrections are always to be expected, the macro factors support the view that, despite its awe-inspiring path upward in the past few months, the rally for gold hasn’t finished. While inflation isn’t contained, the Fed is expected to stay the course with planned 2024 rate cuts that will make dollar weakness even worse. This can only mean higher prices for gold against USD.

Reacting to warnings from Bloomerberg about ballooning debt and the powder keg of inflationary pressure, Peter Schiff said:

“We have a much bigger problem than they acknowledge — that’s why the price of gold is at a record high, that’s why it’s going to keep going up.”

With the overstretched and over-indebted American empire increasingly in a state of potentially terminal decline, BRICS countries are stacking hard assets with the hopes of overtaking the West as the next economic superpowers in the coming decades. While they have fiat currencies of their own, none have anything resembling the world reserve currency status enjoyed by the USD. Buying the top even as gold continues upward tells a story of their future visions of US dollar chaos.

Besides, if you expect the dollar to fail, as dominant fiat currencies historically have, then “the top” doesn’t matter — if the bottom for fiat is zero, then there’s no meaningful top for hard assets like gold in fiat terms. And just as you didn’t want to be the last schmo holding seashells when no sane person would give you even the tiniest sliver of gold in exchange, it’s wise of central banks to avoid being the last ones trying to trade worthless paper for gold that, when fiat is functionally dead, will be infinitely more valuable.

Because when you zoom out far enough, the exchange price of fiat currencies always reverts to its true value of zero.

with the election coming people are more hesitant to invest in stock market and may buy precious metals instead.

ymmv.

I don't think the election has anything to do with it.
It is ongoing inflation, ongoing expectations of more inflation, reaction to the Fed talking about reducing rates sometime this year (foolishly IMO ) and geopolitical events in the middle east vis a vis the price of oil.

X2 White17. Israel is preparing for an Iran response this weekend. The Middle East is a powder keg waiting to explode. IMO

Why do so many hoard toilet paper when they get scared? Never could figure that one out.
Maybe they crap more.

Not me. Warren Buffet always said buy when others are fearful.

Maybe they get the crap scared out of them.

I say invest in soft gold!

Shining just like gold.

Wish I had a handful of these 1849 Beaver $5 pieces from Oregon. One sold in 2020 at auction for $336,000

Thats only 10.000 felt beaver todays price.

Because someone somewhere said there was a shortage and people being unprepared lemmings jumped and bought up the supply buying all they could find if not creating the shortage making it much worse.


We stay stocked on things and even if we ran out I was never more than a few steps from the shower when at home so was never a concern for me.

IMHO the biggest driver of the gold market is aggressive purchases by foreign Central banks. 2nd factor is the threat of rate cuts.

Don't forget a dying US dollar

It's musical chairs. The system is eventually going to collapse. There will be a lot of fingerpointing but no accountability.

The sky is falling.

It's going to.

It's because they bought up all of the bread and milk on the shelves. When the power goes out, all they will have to eat in the coming days is stale bread for clabbered milk sandwiches. They'll be needing all of that toilet paper.

Forget the toilet paper.

https://internationalman.com/articles/nine-meals-from-anarchy/

The tp frenzy made me laugh.....so many people are just dumb. I got me a gold sovereign today, 1911 mint date for $550. Pretty fair shape also....felt like spending some money and scratched that itch by buying gold...could have gone worse..

I was talking to my dad the other day. He bought 5 bags of silver dimes, quarters and dollars about 5 years ago. He said it penciled out to $17/oz at the time. If I were in the market, I'd certainly buy coins over any other options.

I refuse to pay spot price.

^Where do you buy gold/silver then?

I pay around the melt ask price and sometimes less, sometimes a bit more. That would be less than 'spot'. Gold coins the same weight(basically) can vary $60-70 depending on the country they were minted in....I am not talking about 'collector' coins just regular junk silver coins and non collectable gold coins. Right now the gold ask is $2,346 so a 1/4 ounce coin is $586 plus the premium and some 1/4 ounce gold coins are really .235-.245 ounce.
The online bullion dealers are usually $60-100 more than my coin shop and some of the coins they sell would be taxable(I believe).

No gold but silver I buy from private sale. Most from metal detecting will not get collector coin prices.

Because maybe they're not into using leaves or grass...? Just because Boco is all nat-u-ral in his AW, doesn't mean most people are. TP could become money in some situations, better uses than trading seashells.

P.S. I prefer snow over leaves or grass, a much more clean feeling, although snow is kind of hard to get in Dakota come July...