gold and silver
#6590777
08/08/19 04:25 PM
08/08/19 04:25 PM
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Joined: May 2010
Posts: 28,978 potter co. p.a.
pcr2
OP
"Twerker"
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OP
"Twerker"
Joined: May 2010
Posts: 28,978
potter co. p.a.
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been some interesting days lately for both.
how low will oil go??
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Re: gold and silver
[Re: pcr2]
#6590808
08/08/19 05:44 PM
08/08/19 05:44 PM
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Joined: Jan 2014
Posts: 21,082 North East Kansas
Marty
trapper
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trapper
Joined: Jan 2014
Posts: 21,082
North East Kansas
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52 week low for silver was 13's today it is 17+.
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: gold and silver
[Re: pcr2]
#6590812
08/08/19 05:47 PM
08/08/19 05:47 PM
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Joined: May 2010
Posts: 28,978 potter co. p.a.
pcr2
OP
"Twerker"
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OP
"Twerker"
Joined: May 2010
Posts: 28,978
potter co. p.a.
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i was watching the silver numbers and about got dizzy today.
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Re: gold and silver
[Re: pcr2]
#6590825
08/08/19 06:12 PM
08/08/19 06:12 PM
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Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
trapper
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trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
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I can see the sense of owning silver but owning gold just doesn't make sense to me. I'd bet there's been times a person would trade a pickup load of gold for a pickup load of firewood.
Life ain't supposed to be easy.
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Re: gold and silver
[Re: pcr2]
#6590890
08/08/19 08:00 PM
08/08/19 08:00 PM
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Joined: Aug 2011
Posts: 45,543 james bay frontierOnt.
Boco
trapper
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trapper
Joined: Aug 2011
Posts: 45,543
james bay frontierOnt.
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High gold prices are good for here-means lots of work.
Forget that fear of gravity-get a little savagery in your life.
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Re: gold and silver
[Re: pcr2]
#6590906
08/08/19 08:30 PM
08/08/19 08:30 PM
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Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
trapper
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trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
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Looks to me like gold mining destroys a lot of nice country. How's the Pebble Mine fight going?
Life ain't supposed to be easy.
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Re: gold and silver
[Re: Gary Benson]
#6591030
08/08/19 11:15 PM
08/08/19 11:15 PM
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Joined: May 2010
Posts: 10,510 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,510
MN
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I can see the sense of owning silver but owning gold just doesn't make sense to me. I'd bet there's been times a person would trade a pickup load of gold for a pickup load of firewood. I bet not. Gold and silver are on an uptrend right now but nothing like Bitcoin since the first of the year
Last edited by Steven 49er; 08/08/19 11:17 PM.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: gold and silver
[Re: pcr2]
#6591033
08/08/19 11:20 PM
08/08/19 11:20 PM
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Joined: Aug 2011
Posts: 45,543 james bay frontierOnt.
Boco
trapper
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trapper
Joined: Aug 2011
Posts: 45,543
james bay frontierOnt.
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Bitcoin isn't real. A whole bunch of suckers who thought they had some found out it was not real.
Last edited by Boco; 08/08/19 11:21 PM.
Forget that fear of gravity-get a little savagery in your life.
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Re: gold and silver
[Re: pcr2]
#6591082
08/09/19 02:43 AM
08/09/19 02:43 AM
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Joined: Jan 2008
Posts: 9,245 Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,245
Alaska and Washington State
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As a hedge or as some like to call it an investment, gold makes more sense than silver imo. Gold is for the most part mined from mines who's primary purpose is to mine gold. If the gold can't be mined at a profit the deposit doesn't get exploited. On the other hand only about 15% of the silver mined comes from silver mines, the vast majority of silver comes as a by product of copper or lead/zinc, and gold mines. In other words they get the silver with no real economic consequences. The silver enters the market even if the market doesn't really want it.
However, imo I don't think gold should be bought as an investment; that is, to "buy low, sell high". Gold should be used as a hedge against currency devaluation.
"My life is better than your vacation"
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Re: gold and silver
[Re: Gary Benson]
#6591126
08/09/19 07:35 AM
08/09/19 07:35 AM
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Joined: Jan 2009
Posts: 6,683 PA
gryhkl
trapper
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trapper
Joined: Jan 2009
Posts: 6,683
PA
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I can see the sense of owning silver but owning gold just doesn't make sense to me. I'd bet there's been times a person would trade a pickup load of gold for a pickup load of firewood. Yep. I'd rather take my chances with solid companies and decent dividends than gold.
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Re: gold and silver
[Re: pcr2]
#6591156
08/09/19 08:36 AM
08/09/19 08:36 AM
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Joined: May 2012
Posts: 5,900 michigan,USA
seniortrap
trapper
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trapper
Joined: May 2012
Posts: 5,900
michigan,USA
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How would you spend the gold if all paper money fell through?
Vietnam--1967 46th. Const./Combat Engineers
"Chaotic action is preferable to orderly inaction." "After the first shot, all plans go out the window!"
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Re: gold and silver
[Re: Jays]
#6591182
08/09/19 09:12 AM
08/09/19 09:12 AM
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Joined: May 2016
Posts: 3,539 Southern Illinois
Foxpaw
trapper
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trapper
Joined: May 2016
Posts: 3,539
Southern Illinois
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I like the real silver, Bought some a few years ago, The real thing, and not the paper promise of some, If one needs to trade some for a loaf of bread, Etc. Its easier to give a silver coin, then to chop off some gold off of a bar or coin. The only advantage of gold, as I see it, is if your dealing with high dollar trading. If the economy was to fail barter will be used a lot as it was in the old days What would a guy do about an assay? Or would a guy just trust everyone. That's why I always thought in a total break down one would be better off with smaller silver coins.
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Re: gold and silver
[Re: Foxpaw]
#6591201
08/09/19 09:37 AM
08/09/19 09:37 AM
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Joined: Aug 2019
Posts: 9 Tennessee
Jays
trapper
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trapper
Joined: Aug 2019
Posts: 9
Tennessee
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I like the real silver, Bought some a few years ago, The real thing, and not the paper promise of some, If one needs to trade some for a loaf of bread, Etc. Its easier to give a silver coin, then to chop off some gold off of a bar or coin. The only advantage of gold, as I see it, is if your dealing with high dollar trading. If the economy was to fail barter will be used a lot as it was in the old days What would a guy do about an assay? Or would a guy just trust everyone. That's why I always thought in a total break down one would be better off with smaller silver coins. I totally agree that silver would be best for the average person, I just mentioned gold as an example that precious metals of any type maintains value. I have a ring that I I inherited from my father, but won't sell it, although I tried, Everyone expects me to sell it for the gold, and just throw the 21 diamonds in for free. That ain't happening. Buy a diamond ring and It costs big money, sell it and dealers value it as next to nothing, except for the gold.
Last edited by Jays; 08/09/19 09:38 AM.
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