Gold is at an All Time High, Silver is at the highest level in over a year. Once the COMEX scam has ended, both should soar even higher. Both are traded on paper 100's of times what is actually produced. Industrial demand for silver is outpacing the amount mined. Cont. in comments.
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Gold makes wonderful jewelry (56% est.) and dental grills and teeth. Also used in electronics because it doesn't tarnish.
Silver is not as beautiful, but is a lot more useful. It is anti-microbial and has some medicinal value, however its most useful property is that it is the best conductor of electricity known to man. The silver bullion market is actually pretty small, but there is a huge shortage of supply verses industrial demand. It is used extensively in electronics, batteries, and solar cells. The newest, most efficient solar cells use double the silver of the last generation of solar.
Gold's best feature disregarding beauty is its worth/weight ratio A kilo is worth about 67K a Kilo, so you can actually pick up a million bucks. A kilo of silver is only worth about 820 bucks, not very portable.
However you probably aren't going to barter for groceries with a 2,100 gold bar. 1 oz Silver rounds are typically the sweet spot for silver because the premium discount for larger bars is very small. Also fractional silver (And gold) have a much higher premium.
You can also buy junk silver (Excessively worn coins 10 cents, 25 cents, 50 cents dated 1964 or older are 90% silver and a 1.40 face value in any combination makes for 1 oz of silver and 1/10th of whatever its mixed with. However junk silver often has a higher premium than silver rounds and look crappier. I stacked silver rounds thinking that a merchant will make change with the junk silver because you want the most weight for your money.
Silver and gold are pretty much fire proof as well. Even melted it will be worth close to the same amount as the bar, coin, or round.
Sovereign Coins (Minted by government mints) tend to be expensive compared to rounds or bars, and may trade for more than spot price whereas generic will trade a lot closer to spot. However getting an extra dollar or 2 over spot when you paid many dollars more over spot to buy it seems unworthwhile to me. In my view, in a barter situation an ounce is an ounce regardless of type of bullion.
Palladium, Platinum, and etc... are a lot more risky. Both have been used in catalytic converters with Palladium being the most in vogue.
Note: Most silver and a lot of gold comes from mines as a byproduct of other ores. Currently silver costs about 11 bucks an ounce to mine, but should silver's price explode, more just silver mines will start up and therefore the production costs will be hirer.
Mexico is the largest silver producer and between the cartels, environmentalists, and some disgruntlement with the USA production is down.
China is the largest producer of gold, and 2nd largest producer of silver, albeit its only about half of Mexico's
Cds interest rates are well below inflation, bonds when the government going broke? Real Estate thats far over priced and not selling well? After stocking up on weapons and food, gold and/or silver seems like a good idea to me.
The average Tesla uses approximately one kilo of silver.
That's 1,000 grams or 2.2 pounds.
Every other inexpensive hybrid or electrical vehicle you see on the road uses somewhere between 18 to 50 grams
Interesting, no wonder Musk bought a silver mine. Maybe he is afraid the WEF will stop his silver supply chain....
I got to ride in Tesla cars via Uber... I heard Uber gives an extra dollar per trip for electric cars. One poor Sap told me he was renting his Tesla from Uber for well over 500 a week.
Battery Energy density is a major problem. Bluetti Top of the line portable costs 14,196 for 2 Units and 2 batteries for each. You can run 240 V with this setup. 12288 WH Can be expanded up to 6 batteries per unit.3,072 WH per Battery So you get about 36,000 WH which is about 4 bucks worth of power. The extra batteries are 2300 bucks each So you end up with 32,000 dollars to be able to store 4 bucks of energy. Add Solar Panels for a lot of money and you can run a small A/C unit constantly.
The brit sailors used to put 2 ounces of silver for each gallon of water to purify it. So each 30 gallon barrel had 60 ounces of Siler coins to kill the microbes.
Cool info!
Colloidal silver was used to treat infections as well. Also silverware obviously used to be silver as well.
Yup, gold just prettier...
I heard platinum is denser than gold, but I will check that after sleep. Overnight worker...
Paper gold and silver owners are going to get so shafted.
Unless its in your house, where it can be held in your hand, you dont own anything... Except an IOU
Yep!
Unless they get paid out in inflated fake bucks.
In hindsight. It’s odd. Radically different cultures and peoples. Separated by Hundreds if not thousands of miles. Sometimes even oceans.
Universally decided Gold, Silver, and Precious Gems were an acceptable medium of exchange accepted anywhere within their territories. A Roman Dinar was accepted in China and vice versa.
Why though? What made them valuable to such radically different peoples? It couldn’t have solely been physical appearance or rarity.
God's money
Good question! Gemstones aren't as valuable as you might think. You can find gemstones at mines that sell buckets of paydirt where you can find rubies and sapphires guaranteed. DeBeers came up with the whole Diamond thing and the tiny diamonds the unwashed masses buy are worth very little. Pawnshops will only give the gold or silver value when you sell stuff with gems unless its a very rare stone.
When the derivatives bubble for paper gold and silver implodes, that will be when we will all see the true value of these precious metals.
Yep, I bought as wealth preservation rather than thinking to make a huge profit. In general gold keeps pace with inflation. In 1913 an ounce of gold would buy you a very nice suit, boots and hat. in 2023 an ounce of gold will buy the same.
Of coarse I'd like to make a profit, but even if I lose a little, its better than losing it all to the banks. Not that I have a lot of wealth, but I can't afford to lose the little I have completely.
IDK...Gold and silver certainly have their place in society, but when that society breaks down the best thing to have is guns and bullets, over the short term. Gotta get past the idioditicy of man during a societal upheavel before you can gain back your wealth from precious metals. In the first few days, weeks, months or years of a great down turn in society food and shelter will be primary and creature comforts purchased with metals will be far down the list. But, once society calms down then trade will begin again and metals will have their value, then.
Yep, gun bought before stocking up food
Should I buy some now even though it’s priced high? I’m getting nervous and I don’t want to miss the boat completely.
Silver is still a great bargain. 85 ounces silver to 1 ounce of gold. It is mined at 8 to 1. At the current price of gold if the ratio was at 8 to 1 silver would be $262.00 per ounce.
It's value is about ten times under valued.
People should familiarize themselves with gold and silver amd how to use it.
Oddly sales go up with the price going up. Think preservation of wealth rather than profit, that way you can be happily surprised when or if it explodes.
I don't have any other assets worth much. Me and my wife moved abroad, and basically started over again when we returned to the USA>
Don’t forget that the prices too are manipulated by those at the top. Everything is owned, manipulated and lied about by the powers that be.
Yeah, but we will have a true free market when the Cabal is ended. Where is a better place to put rainy day money. Stock market is just paper and the fundamentals have been increasingly out of whack.
Musk bought Twitter for 44 B, First opened almost 18 years ago and has only had revenues of 22 B in that entire time. Musk didn't buy it because it was raking it in. Of coarse he is trying to be the big SM on the block and may make it huge someday. He has been making constant changes and improvements. Look at Tucker's views...
I'm 65 and have no one to leave money to, my wife would spend it pronto. I built her a house in her country and she will have her own retirement income. I intend to spend my SS and supliment with savings(metals currently) after we have the 2024 elections. I want to go back to the Philippines at least PT... my wife has 8 years until 62 and she needs to work so her SS is more. You need as close to 35 years as you can get, at 62 she will have 16 years in...
I have 44 years in, but quite a few low earnings years. Last year I went over the cap and lost 3 and 1/3rd checks this year, but when you reach full age you get an increase of .7% a month, I'm aiming for 15-18 months taken. 15 would boost my SS by 10.5%. Last year also bumped off a low earnings year and I got an addition of 1%. i'm hoping to get more for this year and next. I'm making the highest rate ever and working a lot of OT.
Both parties are trying to bribe seniors with changes. I'm sure Trump has some changes he will make too. After the Cabal has their assets confiscated.
Additional info. The best gage of current spot price is Kitco, but they are too pricey. All the other bullion dealers will have spot prices a bit higher. 1. a smidge more profit, amd 2. They use different types of futures contracts to determine their rate.
IMHO once Cabalist manipulation of the market ends, silver has a better upside potential.
Research your states tax laws... some states tax gold and silver in different forms or at certain thresholds.
Coin price is higher than spot
Yep, an example from a small online coin dealer as of 3 days ago... He buys Gold Eagles @ 20 over spot and sells them at 65 over spot. A generic gold bar he buys at 98% of spot and sells @ 15 over spot. Lets see how this works out with gold at 2,000 an ounce.
Eagle costs 2065 and returns 2020, a loss of 45. Generic gold bar costs 2015 and he pays 1960 a loss of 55. So in his current pricing you lose more on the bar, but that isn't the case every time and not with all dealers, he is a bit cheaper to buy from, but pays less sometimes too!
I would only be buying metals at the moment. Not selling.
Yeah, I'm not selling until after Trump back in. If it skyrockets i'll sell just enough to pay off my 0% interest credit that I bought some with. All my extra money (half or more of my income going towards debt as it is. Paid half since may, have one year more until 0% ends.
Where is lead & brass listed?
IMHO it'll be much more valuable to have than both gold & silver when the SHTF.....
Yeah, got mine already made into ammo