Author Topic: Gold & silver prices rising dramatically  (Read 2095 times)

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Workingzombie

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Gold & silver prices rising dramatically
« on: April 11, 2024, 09:05:48 AM »
Inflation is now around 19%. Since last fall, gold gone up about $400 or more. Silver, which is usually artificially suppressed,went from about $1.70 to now $2.03.

The signs are there. I think the bubble is about to burst, and the pain will remain for a long time.Thanks Bidenomics! Wish Joe would tell us how to get some of that Ukraine/China money.
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Onepoint

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Re: Gold & silver prices rising dramatically
« Reply #1 on: April 11, 2024, 09:46:07 AM »
Maybe, but metals are a manipulated market and really shouldn't be the only thing used for benchmark of a collapsing dollar.  Silver is $28 today, middle of last year was a low of about $19, but 2011 spiked to $47.  Gold was $1800 in 2011, down to a little over $1000 by 2015 then back up over $2000 by 2020, and $2350 today

But the future of the dollar doesn't look good, and investors are noticing.  There is a conflict among globalist cartels, BRICS has risen to challenge the Euro, and the only firewall, a strong US dollar, is systematically being removed form the field because of unchecked unsupported spending debasing the value of it. just a matter of time, but since all traditional indicators are manipulated, no way to point to one and say this is it for sure.
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Danjal

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Re: Gold & silver prices rising dramatically
« Reply #2 on: April 11, 2024, 11:54:16 AM »
Too many people believe the gold and silver hype. Those same people are getting referral fees off you when you buy via their link.
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Onepoint

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Re: Gold & silver prices rising dramatically
« Reply #3 on: April 11, 2024, 02:09:48 PM »
I remember I was dating a girl in high school, I picked her up and her dad handed me a book called 'the coming dollar collapse', it was talking about silver investment and how the dollar is insoluble and within a couple years will be worth nothing.  I was 17 or so at the time in the early 80s, and really didn't have that kind of stuff on mind so read it and blew it off. Here we are over 40 years alter and the same rhetoric used to sell metals.

And the sad part is everything they said was true in the book, just the timeframe was wrong because the entire world has bought into our Ponzi scheme.  Those tend to work so long as no one cashes out all at once, but once a hint of unfunded liability it crashes instantly, and so far most dollar investors have had no other stable currency to invest in, but man what dangerous territory we put ourselves with the debt.
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Courage is knowing it may hurt and doing it anyway.
Stupidity is the same.
This is why life is so hard.

Danjal

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Re: Gold & silver prices rising dramatically
« Reply #4 on: April 11, 2024, 04:55:55 PM »
One of my friends goes on about this stuff all the time. According to him we should've died in a nuclear Holocaust years ago, Trump was put in by the military, silver was going to hit $300-500 an oz before covid restrictions we're lifted, and many more nutcase theories.

The whole reason silver ever hit so high was a perfect storm of demand and slow economy. Computing was huge then and silver is an amazing conductor. Industry uses have consistently bought out half the silver or more for decades.

Silver also isn't recession proof. There's been more than one recession where silver has lost value. If anything it's a combination of industry and precious metal.
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1mlt

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Re: Gold & silver prices rising dramatically
« Reply #5 on: April 11, 2024, 07:24:43 PM »
I hear "food prices" will be going up 70%. Anyone believe that ?
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Onepoint

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Re: Gold & silver prices rising dramatically
« Reply #6 on: April 11, 2024, 10:15:35 PM »
They already have, and you don't have to go back all that far to compare.
Experience is the hardest kind of teacher, it gives the test 1st and the lesson after.

Courage is knowing it may hurt and doing it anyway.
Stupidity is the same.
This is why life is so hard.

Workingzombie

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Re: Gold & silver prices rising dramatically
« Reply #7 on: April 13, 2024, 09:35:43 AM »
I do wonder how people who invest heavily physically in gold and silver are going to use them in case the dollar fails. It's not like they are easy to lug around, or determine value with purchasing food and stuff.
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Onepoint

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Re: Gold & silver prices rising dramatically
« Reply #8 on: April 13, 2024, 02:55:13 PM »
After an initial crisis, once it settles out, you would probably trade the silver or gold back at the elevated value for dollars to spend. Assuming they are even used at that point.  It was kind of interesting, I watched a trailer from the new movie civil war, and they were offering 300 dollars for a tank of gas, and the guy laughed and told them to GTFO, but then she said "Canadian", and the guy got all serious, almost incredulous and agreed.  I tend to think the US fails, the entire west is going to follow suit, but it was a good point, collapse of the country makes its currency worth nothing, which we all have talked about for 2 decades in the prep forums.
« Last Edit: April 13, 2024, 07:27:48 PM by Onepoint »
Experience is the hardest kind of teacher, it gives the test 1st and the lesson after.

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Stupidity is the same.
This is why life is so hard.

cvasqu03

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Re: Gold & silver prices rising dramatically
« Reply #9 on: April 13, 2024, 07:43:50 PM »
Funny y'all should mention this now (or appropriate). Over the past few days I was looking over gold and silver prices to try to purchase some bars.  I noticed how volatile it got.  It also sucks that there's no place you can buy for just the melt value.  Even when a gram of gold was at about $75, the cheapest gram bars I saw were going for between $85-100. 
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Rocketvapor

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Re: Gold & silver prices rising dramatically
« Reply #10 on: April 13, 2024, 07:55:32 PM »
You will buy over spot price, and sell under spot price. 

Anyone want to buy silver bearing coins @ melt value?
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Danjal

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Re: Gold & silver prices rising dramatically
« Reply #11 on: April 13, 2024, 09:52:04 PM »
I do wonder how people who invest heavily physically in gold and silver are going to use them in case the dollar fails. It's not like they are easy to lug around, or determine value with purchasing food and stuff.

Commodities will always have value in any economy. The main issue I have is they're hyping them up then selling at inflated prices. So far everyone I've seen buy in has lost money.

Commodities are a "buy low, sell high" kinda thing. So until silver drops below $20/oz, don't buy it. You need to think ahead on this kinda stuff. And the worse the volitility gets, the longer it takes to settle back down. After covid, I'm wagering it'll take 5-20 years to settle down. Ammo is a very close analogy here for commodities. **** happens, ammo goes through the roof, years later it settles again. Buy when it's settled and on sale, sell when it goes nuts.
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Re: Gold & silver prices rising dramatically
« Reply #12 on: April 13, 2024, 10:13:23 PM »
Ammo prices are still relatively low considering inflation.  And I can guarantee you, ammo will be worth something long after they've thrown their gold and silver into the streets.

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cvasqu03

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Re: Gold & silver prices rising dramatically
« Reply #13 on: April 14, 2024, 12:53:36 AM »
You will buy over spot price, and sell under spot price. 

Anyone want to buy silver bearing coins @ melt value?

Oh, I have plenty of silver coins, but the problem with those is that I'm a collector so I can never think of them as an investment because I'd never consider selling them.  That's why I was looking to buy bars. 


BTW, while I do think ammo is sort of a similar item, the difference is that ammo can be expended outside of its value as a trade good.  Well, technically so can silver, but it's usually traded for it's material value. 
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Onepoint

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Re: Gold & silver prices rising dramatically
« Reply #14 on: April 14, 2024, 09:57:55 AM »
Investing is different than hedging the dollars collapse.

I think its going to be confusing. Junk silver has always seemed pointless for hedging against a collapse to me, most people won't understand conversion rate and silver content melt values etc and will just want to pay face value based on the dollar.  Pure silver coins, rounds and bars of 1 oz may be a standard of trade, the problem being the value of it compared to a dollar and the value of it compared to goods will vary wildly.  And aside from something large, how would you even spend gold. 1/4oz gold coins now are as small as dime and $600 plus in dollar value, probably not what will be accepted to buy groceries with, mostly because hardly anyone has that much if any of it.

Most transactions will be negotiations, and most people don't even understand how those work.  Its going to take a while before the reality is realized by the many who have been insulated from it for so long, and they will get hungry and desperate before that happens in any degree of collapse.

Experience is the hardest kind of teacher, it gives the test 1st and the lesson after.

Courage is knowing it may hurt and doing it anyway.
Stupidity is the same.
This is why life is so hard.