The price of gold is down about $50 an ounce and silver is down about $1-$2/oz in the last week or so. We were told that the prices would go up since Biden banned Russian gold. What's going on?
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I would disagree with you on the part about when the lights go out. Metals will be exchanged as currency for essential goods. Been that way for thousands of years and it doesn't depend on electricity or the internet being "up". Do you really think anyone is going to want to transact with a worthless Benjamin?
How much bread is a gold coin worth?
Go out and ask a grocery store worker how much bread they think a gold coin is worth.
Gold and silver USED to be useful, back when people knew its value.
That system has been dead for a long, long time.
Now, gold and silver are just like any other metal. Pretty, shiny, but won't fill your stomach.
No. But at least I can wipe my ass with a Benjamin. Gold and silver just sit there.
We're not talking about "today", we're talking about some stupid larpy future that you people think heavy metals are going to be worth anything in.
Better trade ALL of your metal with that farmer right now... because when your LARP happens... I do not accept heavy, worthless metal.
And if you're NOT predicting a LARPY future... the S&P and DJIA have outperformed everything, buy on the dip.