The $28 Trillion American Albatross Editorial by Chris Talgo
(townhall.com)
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Frens, make sure you own some gold and silver. This paper money is worthless and with fuel and food prices exploding higher it becomes less valuable. DJT wants to return us to a gold and silver backed system. What do you think will happen to the price of those metals when that happens? Even though Trump will make it right for holders of paper money, you'll do yourself a favor if you own some gold and silver and just put it away someplace safe. The prices go up and down every day. Keep your eye on it and if it drops, pick a little up. Don't buy all at once. Average out your buys over time.
Gold and Silver coins and bullion bars are best. They come in many different weights, even little tiny gram weights but remember the smaller the coin or bar, the higher you'll pay over spot price. Buy from a reputable dealer, not off someone you don't know. Too many rip off artists. If the SHTF, you'll have something of value that can be easily carried with you. Forget gold jewelry unless it's 22 or 24 karat gold. Nothing gold filled or gold plated. Find a couple good dealers online and compare prices. I'm not an investment counselor or advisor, just someone who follows the markets and this board. Please don't consider this professional advice. It's just my opinion and what I've been doing. Lots of good God fearing Patriots and their families here that I want to get through this turmoil better than what we were before Covid.
i have no idea where to start with all this. Where do I even try to find a gold bar in the UK??? Do I pay tax on it? How much am I looking at here? I dont have much in savings anymore after COVID.
Then where do I sell it and when? Local pawn shop?
Our thoughts are to either sell it on eBay or to a coin shop when silver starts taking off, or if money is backed by precious metals, which is what many of us are hoping, you'll be able to just take it to your treasury.
I would look into silver, rather than gold, if you don't have a lot of extra to spend. Silver has been undervalued more than gold, so the theory is it will have greater gains. And it's cheaper to buy it now. Spot price is around $27, but it's selling for close to $40/oz.
I am NOT selling anything I have for fiat dollars, I will wait to sell off collectibles, too. I was gifted a couple thousand dollars of gold jewelry that I used to get a large number of pre-65 coins, plus a somewhat diminished silver bullion supply. Had to sell off 200 ounces ($3300) to pay for a replacement car. I am confident this will be this year..