Ive got my silver and gold. Hopefully enough silver. Definately not enough gold. I gotta up my gold buying game.but silver is too cheap not to buy a shit ton of it.
The problem with the 1/10 size ones is that they totally bang you on the premium.
For instance, a 1oz Eagle is $2031.00 and a 1/10 oz Eagle is $286.00, that's $2860.00 per oz, comparitively.
I just use silver for the 'little denominations' and don't waste too much on the smaller pieces of Au for this reason. That $600-ish price difference (loss of value/premium) can buy a lot of silver!
Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!
“Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!”
Yeah if we end up in Mad Max world where you need to barter ammo and food will be worth more than gold and you'll be more worried about raiders coming to get you when you eventually fall asleep.
The highest price gold has ever been in history is $2,067/oz. Very close to today's price. If I buy gold now, I'm buying at the highest possible price.
How much higher should it be expected to go in our lifetime? Is "Buy highest, sell even higher" a valid methodology?
Ive got my silver and gold. Hopefully enough silver. Definately not enough gold. I gotta up my gold buying game.but silver is too cheap not to buy a shit ton of it.
I like the 1/10 oz rounds of gold. Anything bigger just too hard to trade.
The problem with the 1/10 size ones is that they totally bang you on the premium.
For instance, a 1oz Eagle is $2031.00 and a 1/10 oz Eagle is $286.00, that's $2860.00 per oz, comparitively.
I just use silver for the 'little denominations' and don't waste too much on the smaller pieces of Au for this reason. That $600-ish price difference (loss of value/premium) can buy a lot of silver!
Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!
“Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!”
Good point
Yeah if we end up in Mad Max world where you need to barter ammo and food will be worth more than gold and you'll be more worried about raiders coming to get you when you eventually fall asleep.
The highest price gold has ever been in history is $2,067/oz. Very close to today's price. If I buy gold now, I'm buying at the highest possible price.
How much higher should it be expected to go in our lifetime? Is "Buy highest, sell even higher" a valid methodology?