yup, silver climbing also.

Waste of time.

Never worked for me. I will stick with high quality company’s.. they are smarter than me.

Might have to go " Mad trapper " and start harvesting gold teeth!

physical possession of an asset may be an asset...

Brass, copper, lead.

Coffee and booze.

Here's the link of the debt clock...

US Debt Clock

Can anyone explain the new part of it in the lower left hand corner?

Specifically the USA Treasury Dollars in 2025 (keeps going up) and the US M2 Money Supply (keeps going down).

How are they related?

I have 400# of beef and a crapload of beer. Better than gold!

Yes sir.

A water filter is #1.

My bowels were never right to begin with.

Never hurts to have 10% of your investible assets in gold.

I have whiskey and a few bricks of 22 mag ammo. I will see you on the other side.

Clean water is #1. 3 days no water your in deep dodo. In winter no getting hypothermia would be #1 with water #1a.

Great news for everyone in Northern Ontario.

Define "clean". I spent 3 years drinking water that came out of a spring the elk used as a wallow and was often full of floating "pooh". We all lived.

Yea but look what happened to you,lol.

You are braver than me, I would have run it thru a filter.

It's interesting to see how people react to the thread title. Just how they think.

IMO, the dollar is going to fail or be replaced.

We had best prepare ourselves and family accordingly. Silver and Gold is a good thing to have it that happens. I can't afford gold, so I buy silver and bullets.
Also, have enough things in store to keep my family eating, warm, and healthy for 6 months.

But don't listen to me, I still have supplies from Y2K! HA!

Gold is a hedge, gold mining stocks are an investment.

Not much isn’t at or near a 52 week high

It’s been a good year

TMI

Gold and silver will be able to be exchanged for the new currency just as it is now for the dollar. I don't see gold and silver really helping in bad times. Maybe I'm wrong. I hope I'm not around long enough to find out.

Yes. All different but the topic isn't a political hotbed so opinions are shared without arguing. Lol

Exactly.
Lots of money made(and lost) on mining stock.They are the most risky and also the most rewarding.
Millions were made here by locals on Hemlo back in the day

When I look @ the commodities only gold/silver is at/near a 52 week high.

Sitting on 80 grams of gold fever medicine. Have sold over 20k worth of it over the last 5 years. Most profitable hobby I have found for sure

Plenty of lead for sale by individuals, a buck a pound is spot price and they are asking 2 - 250. I see silver for sale the same way. Asking more than spot price. Have had several people get upset when I offer spot price for both so I quit asking.

Kinda like buying a twenty dollar bill for 3 rolls of quarters

Doesn't hurt to have some gold and silver. I would not buy now, but also will not sell. I keep mine for SHTF purposes.

I would have most money invested in land, the market (to buy more land and punch out early), lead and brass. And a solid compound, good tools, equipment and supplies in case you have to dig in.

If shtf most would have a good possibility of losing everything, so why hoard?

In a true SHTF situation, a Bic lighter will be worth a lot more than a gold coin


A method of refilling Bic lighters would be equivalent to a gold mine

Anybody who cant start a fire wont have anything to trade

in a longer term situation there would be trading/bartering.

Yeah the Iowa gold (corn) is in the tank.

If you don't mind m e asking, how much under spot do you get for your fine stuff?
I might be interested in purchasing it. PM if you'd like.

Gold and silver have been money for 6000 years, that isn't changing anytime soon

Thanks for chiming in Steven! I for one sure appreciate your insight.

Did you see my post earlier about M2 money and US Treasury bills on the Debt Clock?

I've been trying to figure out how they are related and what it means. I can't wrap my mind around it, but reckon its important if they put it on there.

Please explain if you have the time. Chancey

$2105..

I honestly do believe whiskey would be more valuable than gold in an end of the world type scenario. Even non-drinkers would want it for medicinal purposes.

Silver and gold, however, would be easier to transport.

The local gold mart in the town I used bought it for 80-85% but I metal detect, so more appealing to the buyer than stuff cleaned out of a sluice. The gold content in that area is 87-91% pure. If I was selling clean fine gold, I d expect less. All those pieces were one large gold quartz specimen. I have been holding a hand full of quartz with gold trying to find a buyer, but after countless jerks giving offensive offers I smashed them up and melted them down. So I have one button at 38 and another at 42 grams. They are still only 87-91% pure, but at least the next time I go to sell it I won't hear, oh I don't know how much is there, will you take 700.

Whiskey in your water. It wasn't to dilute your booze, it was to sanitize the water so you don't get sick

Water filter

a gallon of clorox works

Steel and copper are climbing up within the past week. Thank you for keeping track of gold prices.

It's not hard to make whiskey.

In reality silver isn't that easy to transport, it's heavy In today's prices you can carry 50,000 worth of gold in one hand, it would take a wheel barrow to haul that much silver.

Chancey, yes I did miss this thread earlier, to answer your question. I'm not sure.

Keep watching the money supply, less dollars chasing more goods equals deflation. The FED won't allow that to happen much longer. The trick is when to pivot, too soon and hyperinflation could be at our door.

If you want to buy silver or gold at spot price you will have to do it through a peer to peer transaction. The precious metal stores are buying at spot or above and they need to make a profit.

Just like baseball cards. It's why I avoid precious metals.. only the dealers seem to make money.

Most people don't get it, if they are buying it to make money they are buying it for the wrong reason

^yup^

that is one reason why it is interesting to see the comments on this thread..

Curious,,,,,,

If a person is not in it too make money,,,,why comment/concern on the price?

I think gold/silver prices say lots about what is going on with the world economy. Really no different than gasoline/diesel/food cost threads...most people are not trying to make $ on those things and they comment on them all the time.

Gotcha

I’m not a gold bug

Seems like people comment on food/fuel prices cuz they use/need them daily

Gold not so much

I think the industrial use of gold is limited,yet lots of new gold comes out of the ground every year.
Every time a new large gold deposit is discovered and developed local economies are enriched.Last one here seen home prices jump 40% basically overnight and lots of brand new pic ups all over the place.Not to mention all the toys.
Must be lots of gold hoarding going on somewhere.

I definitely use food/gas daily and I do not use gold daily but I posted this with no interest in making/trying to make $ from gold....gold/silver is really not a big money maker compared to other things yet I check the prices daily.

But, I do not 'think' like most other people anyway....

You make good points, thou.

[quote=spjones]Gotcha

I’m not a gold bug

Seems like people comment on food/fuel prices cuz they use/need them daily

Gold not so much

[/quot

With the value of the.dollar becoming less.and less on a.daily basis, the cost of everything goes up. Everything still has the same value in life, it just takes more dollars to buy. If a person has some monetary wealth in savings that is devaluing on a daily rate, changing that money to gold will preserve it's value better. At least history of 1000's of years has been this way. Insurance against devaluation of savings based in dollar's and every other fiat currency in the world that is in debt.
If a person is living pay check to pay check. Month to month with little cash savings, gold probably is not needed. OR, spending habits need rethought. ( debt for unneeded luxury items)
Tangible gold is insurance, gold related stocks are investments.
When, not if, the value of the U.S. dollar gets to zero, (getting close)and our medium of exchange is something other than dollars, the value of precious metals should become more evident when buying food / fuel and every other item needed in life.

Booze and coffee

Precious metals will be valuable. . . but IMHO, WATER will be more so.

Worldwide I believe the biggest end use is jewelry. It is used in electronics but quantities probably really small compared to necklace, etc

^^^^
Most of Asia stores a lot of the family wealth as high karat (22K or about 92%pure) gold jewelry. It is sold by the weight, generally not much more than 10% over spot. If you're ever in a major Asian city be sure to visit the gold district of the town, you'll see heaps of gold chains, and you'll need to literally elbow your way through the crowd to get to the sales counter.

all lead with a bit of gold on the outside.
Those places are as crooked as a snake.

^^^^^
Not really, there is any easy hack to find the reputable stores; you look for the shops that have crowds of local folks shopping there. Is pretty easy to recognize the less reputable shop; no one is shopping in them. I've bought and sold gold at these shops several times.
When you go to sell, they take out their jeweler's loupe and look at the maker's stamp mark. It has never failed to work for me. And they pay almost spot.

Earlier personal computers used to have some decent precious metals in them but things have gotten a lot cheaper made, with way less PM's than before. I forgot what processor used to be considered the big score, I knew guys who had framed the first one of those they had scrapped. I still have some processors laying around somewhere that I need to sell.

I bought a 20 oz Squirt the other day for $2.75, a 15% increase from the last one that I could remember. Somebody is making money somewhere and its certainly not in the cost of corn or fuel that's involved in that fizzy drink.