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Re: gold @ 52 week high [Re: yotetrapper30] #8011335
12/04/23 12:47 PM
12/04/23 12:47 PM
Joined: Mar 2023
Posts: 2,610
WI
WI Outdoors Offline
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WI Outdoors  Offline
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WI
Originally Posted by yotetrapper30
Originally Posted by Mando
Coffee and booze.


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.

Booze and coffee


Culinary Accademy Graduate
Re: gold @ 52 week high [Re: Marty] #8011340
12/04/23 12:55 PM
12/04/23 12:55 PM
Joined: Oct 2011
Posts: 3,060
Western Shore Delaware
SJA Offline
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Precious metals will be valuable. . . but IMHO, WATER will be more so. shocked


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: gold @ 52 week high [Re: Boco] #8011412
12/04/23 02:05 PM
12/04/23 02:05 PM
Joined: Oct 2016
Posts: 872
Michigan
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BigBlackBirds Offline
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Posts: 872
Michigan
Originally Posted by Boco
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.


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

Re: gold @ 52 week high [Re: Marty] #8011485
12/04/23 03:50 PM
12/04/23 03:50 PM
Joined: Jan 2008
Posts: 9,629
Alaska and Washington State
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waggler Offline
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^^^^
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.
[Linked Image]

Last edited by waggler; 12/04/23 03:56 PM.

"My life is better than your vacation"
Re: gold @ 52 week high [Re: waggler] #8011551
12/04/23 04:57 PM
12/04/23 04:57 PM
Joined: Aug 2011
Posts: 47,122
james bay frontierOnt.
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james bay frontierOnt.
Originally Posted by waggler
^^^^
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.
[Linked Image]


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


Forget that fear of gravity-get a little savagery in your life.
Re: gold @ 52 week high [Re: Marty] #8011836
12/04/23 08:42 PM
12/04/23 08:42 PM
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Posts: 9,629
Alaska and Washington State
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waggler Offline
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Alaska and Washington State
^^^^^
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.


"My life is better than your vacation"
Re: gold @ 52 week high [Re: Marty] #8011966
12/04/23 10:31 PM
12/04/23 10:31 PM
Joined: Dec 2015
Posts: 6,708
se South Dakota
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Quote
Worldwide I believe the biggest end use is jewelry. It is used in electronics but quantities probably really small compared to necklace, etc


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.


"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground".
Genesis 1:26
Re: gold @ 52 week high [Re: Marty] #8011967
12/04/23 10:34 PM
12/04/23 10:34 PM
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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.


"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground".
Genesis 1:26
Re: gold @ 52 week high [Re: Marty] #8012541
12/05/23 03:29 PM
12/05/23 03:29 PM
Joined: Oct 2016
Posts: 872
Michigan
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