The attempts to get you to buy gold are off the charts! EVERY "conservative" TV and radio station has a different gold company running the ads, with the hosts claiming "X is the only company I trust". It seems like whenever there is a huge push for something like this, it is all part of a behind-the-scenes plan to rip off the average joe. My feeling is that if the SHTF and the economy collapses, what good will $100,000 in some gold company stock/fund do you? Is anyone else going to buy your $5,000 /oz gold? My theory is that this huge gold push is to drive the price of gold up to a point where the big boys DO sell out, make a killing, and leave everyone else scrambling to get out before it drops below what they bought in for. Please post your thoughts on this. Thank you.
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They've been doing this for years... including all those cash for gold pop ups.
Why? Because people are dumb when it comes to PM. Period.
They don't know the product - they don't understand the difference between a minted coin and a round - "Yeah I got a great deal on a monster box of silver buffaloes!!! - much cheaper than the place you recommended!" That's because they took advantage of your ignorance... silver bugs will get what occurred, most will not.
Because of ignorance, all of these "grifters" pushing gold and silver, prey on people's stupidity. They push odd sizes like 1.5 or 3 oz rounds and pawn them off as "genuine coins". This lets them push wide profit margins - which is why they still do it.
There's nothing wrong with buying PM to hedge against inflation. It is NOT an investment... it's locking in the buying power of your dollar value TODAY. For instance, I have a stack if gold i bought at around $1100. It's nearly tripled in value since. Silver has doubled. Did I really "make" a return? No. The dollar is simply worth less.
The nice thing about physical AU and AG is you own it. You can hold ot in your hand. It has intrinsic value everywhere around the world. It's freedom. Electricity, a computer etc not required... neither is a middle man. You control the entire deal. Everybody else can pound sand.
I agree.
Let me ask you... what do you think about having gold for the purpose of paying off a fixed rate mortgage if shtf? So, the dollar becomes fire kindling, but that doesn't mean I have a lot of it--my employer won't be paying me more. But if gold has gone to $10K per ounce or more, and I can walk into a bank and pay off my mortgage with it, then that would be smart, wouldn't it? I am asking, not telling.
Yeah, but your mortgage is still priced in Monopoly money so who cares about paying it off. Just use other Monopoly money.
The goal is to own the house, not maintain mortgage payments. And my employer won't be paying me more just because fiat is worthless.
I agree. I would also pay the bank in full once metals stabilize, but I would hold in the meantime.
“The Goldback solves a 2,600 year old problem in that gold can be spent in small, interchangeable increments.”
— DR. MARK VOELKER, UNITED PRECIOUS METALS ASSOCIATION BOARD MEMBER
This invention has made gold useful as a trading instrument in amounts that are practical in real life.
More here:
https://www.goldback.com and here: https://valaurum.com
A friend of mine is kinda doing this...left CA and put a good bit of his house proceeds in PM to sit on it in the Midwest while (he hopes) interest rates come down and so do inflated property values. If for nothing else he's locked in his money for a while beating inflation.
However...
I've personally looked at Eastern/Southern real estate in the past 20 years and prices have essentially quadrupled in those areas to capitalize on the flight from libtardia... it's most definitely greed and many of those places have lax building codes and bubba did the whole interior in hickory (walls, ceiling, floors - ever-y-thang including
cabinetscabinetry in EVERY room - also in hickory) - and things only a moron would buy like barndominiums on 3 acres under high tension power lines (always in last pic or two of showcase pics - suprise!!!) all for the low, low price of only like $800k...So it's really hard to say which way things are really going to go.
Will Trump open up federal lands for development? Will interest rates be a thing of the past? (Not sure they can be with the current investment schedules... many invest as mortgages etc) Any way you slice it something has to give because youngins can't afford a house and unlike when I grew up only one income was needed... before they tricked us into everyone working while they touched... I mean, took care of the kids.
What's the deal with hickory.? teach me please.
Slightly less expensive 'harder' wood that looks nice. Other than that, idk.
Thanks Phd
I have no idea...my guess is it's cheap and regionally readily available... and it's not soft "yella wood".
I imagined living in a place like that, getting up to piss in the middle of the night and not being able to figure out which way was up!!! There was no contrast at all - not even grain direction...
If the rate is fixed, just use cheap money.
I understand. But that assumes that I have more of the fiat dollars. Why would I have more of them, though? Let's say I make $5000 per month, and my mortgage balance is $250K. I can afford the payment. But, if I have a chance to cash in 25 gold coins worth $10K each (hypothetically) and suddenly own my house outright, wouldn't that be a good thing? And, in this scenario of hyperinflation where the dollar is so worthless that it costs $25 for one loaf of bread, that does not mean that my employer will be paying me more. I still have my $5000 per month. Obviously I could use the gold coins to cash in and get money to buy basics... but if I have enough, then I would want to buy my house and own it outright.
All of this is hypothetical, but this is how I'm thinking. I want to own my house.
Oh I see, you want to pay it all off with profits from the increased value of your metal.
That's what I was thinking. The mortgage is fixed, so my PM which have increased in value due to the decline of fiat value would be used to pay for a mortgage that is now woefully undervalued because it is fixed.
Of ocurse, if my employer keeps pace with the value of the dollarand is paying me 3 to 1, for example, that would also help with the mortgage but would also help with necessities. But I doubt this will happen.
This is most likely the case. Conservatives, with their healthy distrust in the system, are the ideal target market for not just gold and silver, but other survival goods, rations, and tools. Thus, you get all the ads.
I can’t say of gold will be a great investment going forward, but I’d much rather hold that than paper dollars. It’s also the one thing that has been recognized as currency in almost every culture over the entirety of recorded human history. For whatever reason, it’s basically wired into people that gold is money. Also, watching the central banks stock up on gold and silver is reassuring that the people that know the system is collapsing are stocking up on the stuff.
Lastly, I’d suggest that the push for digital currency may be a concerted effort to divert money away from bullion. These digital coins seem to represent the worst aspects of the fiat system, and it seems crazy that they’ve gotten the attention that they have.
I agree... especially the last part.
It's backed by what again? "The electricity it took to mine it" No it isn't. That's been burned up and can't ever be used again..."Well what's pm backed by?" Itself. It has intrinsic value and is recognized world wide as having value, aside from industrial utility.
It's seriously remarkable to me how people put so much faith into something so weak on some many fronts... and few want to admit it's not backed by shit. A convenient dissonance of cognition... but whatever. You're free to spend your money however you see fit.
I am only talking about the "paper" gold (they say it's all backed by real metal, but who knows?). I think a little "emergency" gold could be good in your house, but I think the equivalent value in supplies would be a better use of money.
Yeah... I don't trust the paper.
Real McCoy in my hot little hands or GTFO.
The only exception is possibly mine stocks... because it's possible to get a decent return, but that's a whole other animal.
Gold is a good protection against inflation. But if s* really hits the fan, the only metal worth something will be lead. Skills would be the major trade then. Any knowledge in medicine, agriculture, mechanics, brewing booze, electric maintenance, communications, hunting, ammo reloading, gun maintenance, etc. would be highly valuable. Get to learning.
Fun fact: used car batteries can be recycled into projectiles for ammunition
True... and fishing tackle
Oh snap... name checks out 😂
Qek!
If it is so valuable why are they selling it to you instead of keeping it?
I've wondered that too :)
Because everything has a price. Why is the Fed Res buying gold at record rates in recent years?
You should never buy paper precious metals, always buy physical metals and hold it in a safe preferably in your home, not in a bank vault.
Gold and other precious metals are not an investment, it's just more of an inflation-proof money store (not guaranteed, but historically has been the case). I personally stay away from only gold/silver stocks/funds, because the are heavily manipulated, just stick with physical in your hand metals. You see these ads because the audience is interested, and everyone want's a piece of that pie. If you want to get into stacking silver/gold I'd suggest:
☝🏻☝🏻☝🏻☝🏻☝🏻
Listen up peeps...
It's NOT for trading for food when the SHTF. It's for kick starting your life again AFTER...opposed to losing it ALL in a bank.
PM in your possession, protected by lead (and in my case, pitbulls with AIDS) is a MUCH safer bet than the stock market casino... Diamonds? Don't even think about it ... stick with metals.
Most people don't know that tungsten (less than $20/ounce) is essentially the same density as gold, meaning that unless you drilled into a gold item, you would not know if it is just gold covered tungsten. I suppose someone really familiar with gold could tell by the "ring" it makes, but I don't know. I bet there are a lot of such fakes out in the world right now.
Yeah the bigger shops have XRF machines to verify them, that would tell right away if someone was using gold clad tungsten. (The machines are really expensive though, so not feasible to get one yourself)
A very small drill bit will tell you. (so the hole doesn't remove much gold :) ) Perhaps even a sharp pin would work (but I've never held a 24 carat gold bar to know if it is so soft you can poke a pin into it)
You could dent it with a pin and enough force, but it's still pretty strong.
Some bars/coins are now coming with embedded "mintid" chips in them to scan and verify, the more affordable solution is to pick up a "Sigma Metalytics Precious Metal Verifier" that measures conductivity and can tell the purity and if any metals are mixed in, but those run around $750-1000. Best bet is to buy from bigger operations that have XRF machines (which can run up to $20-30k). Which if you are their customer, most shops will let you use the scanner to verify things you already own, but don't expect them to let you use it so you can buy from some random guy in their own store.
Or, just only buy from credible bullion dealers and only buy new.
It's when you buy from shady eBay sellers, random dudes on Craigslist, and pawn shops, is where fake Chinese "gold" is a possibility.
I only trust places like provident metals, and the other huge companies who sell new metal
Yea, I've not been sure what to make of the "gold rush phenomenon" either. Convert cash to gold/silver, they say. OK, but I can't buy groceries for my family with gold bars. I definitely get the concept. But it just seems too big for my brain to wrap around. What about the 90% of people in the workforce? Their employers pay them in dollars. How exactly would that system go away and employees be paid in gold and silver? If a furnace breaks down this winter and a repairman is needed, he probably won't accept gold as payment.
If I bought a silver coin 5 years ago for 10 bucks, today I can trade it for 30 and have more buying power. If i instead saved the 10 dollar bill for 5 years, its still worth only 10 bucks.
This is gold and silver's strongest position - hedging inflation. Many people go into it expecting it to grow wealth when in fact it is best used to preserve it.
But only buys $7 worth of products...
Ten bucks half a decade ago bought a few gallons of milk. Today you can only get half that.
Inflation rate away at your ten dollar bill ...
There's prob some truth there. But if I have gold or silver coins, they will still be worth something, even when the dollar is worth nothing (coming soon)
Only convert excess cash into metals because we still need cash for everyday purchases. The excess cash converted to metal will hold its value compared to cash. If shtf for real then cash isn't going to feed your family either. If you have no excess cash to buy metals or cash at all, then you'll have a lot of company.
That's where the other precious metal comes in...lead.
Bad money is always used and good money hoarded during periods of currency debasement. Look at any example in history.
Gold/BTC will be hoarded right now. Period. It will not be used as a currency. It will remain that way until the bad money completely collapses, at which point you finally start to see things denominated in the new currency. So what is the new currency?
My guess is that at some point, Trump will finally terminate Federal Reserve Notes (bad money) and change the meaning of the USD to something backed by a basket of reserve assets including Bitcoin and gold. At that point, gold and Bitcoin will enjoy price stability in the new currency, and goods and services will be denominated in them by proxy (i.e. the gold+Bitcoin backed USD). You will then see people finally exchanging their gold/Bitcoin for USD the same way people change any foreign currency. That marks the final phase in a historical currency replacement where the bad money (Federal Reserve Notes) is no longer accepted by anyone.
Note the above scenario only works because the Trump government will be viewed as stable by the entire world. If instead the USA were in a civil war and no legitimate government was available, then people really would start getting paid and offering services directly in gold grams and Satoshis.
Incredibly insightful. Thx for the info
Besides being a hedge or insurance against inflation of our fiat currancy, I think hidden wealth has value that is hard to confiscate.
It's happened before
DJT is the only stock I would consider buying. Hunt caused a silver shortage by buying half the silver on the market and when the price nearly tripled, he sold half of what he bought and made a killing. He was eventually fined for this but HE STILL MADE MILLIONS!
And GME. GME is the one that has the most short interest. Also 4.6 billion in cash, and zero debt. Part of the plan to take down the cabal controlled assets in wall street.
They lost 1.7 billion dollars
What do you mean/
I think that you have your facts wrong. I think that the ended up loosing most of their fortune.
I do believe the government got after them for this but I did not remember them going bankrupt!
I thought he went broke because he couldn't sell off enough to make up for the price drop? I have the Trump media stock, but not DJT.
I thought Trump Media was converted to DJT? I don't know since I got out of stocks years ago. I do remember Trump saying he did not invest in stocks since they can be manipulated. I suppose when he started Truth Social and it went on the stock market that changed.
LOL It is DJT :) I had to log in to my own account :) I only have 30 shares. I will keep it until it does what bitcoin did :) (just think if someone had owned just $100 in bitcoin back when it started!)
Never buy gold from a company that advertises on cable or has a spokesperson. Think of gold as an insurance policy and protection from inflation. Slowly buy it over time and put it away and don't think about it. If a fire starts, then break the glass.
I think they did something similar circa 1980 where they drove the price of silver really high (like $22.00) at the time and then they dumped their silver to cash out and the price dropped back down around $4.00 if memory serves me. So in my mind your theory carries a lot of weight. Thanks for your thoughts.
You have to wonder if the whole "global reset, etc." fear is being promoted for the sole purpose of driving the price of gold up, so that certain entities make a HUGE profit from it.
So after reading the posts and comments, I can confidently say that most people here don't understand what OP is wanting to know, and/or are biased in their own perspective.
First of all, OP seems to be talking specifically about those stupid "paper metal/collectible" companies. Where they sell you a certificate saying you own X amount of metal in a vault somewhere or try to sell you some stupid collectible at an absurd markup.
Those are scams plain and simple. You do technically own the metal in those cases, but they'll often make you jump through an unreasonable number of hoops to get access to your gold/silver int he paper case, and in the case of the "collectibles" they're marking it up like 100% or more because it has Trump's face on one side and an eagle on the other or some such retarded gimmick.
This is nothing new, these people have existed forever and they exist to take advantage of ignorant people who think they'll either get rich off it, or that they're hedging their money by paying a 100%+ premium on gold or silver. It's a scam, plain and simple.
As for the second part of the question, Yes, realistically there WILL be someone who will pay $5K an oz for gold, in all honesty probably MUCH higher. We've discussed this on here like a dozen times in the past year. Every month or so someone will bring up the topic of gold and silver prices, and for the most part we've come to a consenus.
When the SHTF, gold and silver WILL skyrocket, probably to unsustainable levels for a few months. The general consensus in the last handful of debates is that silver will probably hit somewhere between $5K-20K for a few months and gold will go between $50K-100K in the same period before crashing down to something more reasonable.
The reason for this is a combination of FOMO (normies hoping to strike it rich in the "next bitcoin"), ape behavior (Think GME/bitcoin), and market dynamics (Super low supply, but super high demand thanks to the previous points as well as governments buying up both metals for their new previous metals backed currencies).
Most people aren't wrong. Gold/silver IS a hedge against inflation, but to think that you can't make money on it, given the current market dynamics is dumb. I'll put my money where my mouth is and give a short version of the only comparable example we have to pull from.
In the 70s and 80s the Hunt Brothers caused a similar market effect. bought up roughly 40% of the worlds silver supply over the course of about 10 years, gradually lowering supply while demand kept growing. They were eventually found out, when it was revealed to the world that they owned 40% of the worlds silver supply, and that caused a massive buying spike as people flocked to buy it out of FOMO, thinking they could get, if not rich, make a good amount of money, by gettin in on the action.
This caused the price of silver to spike from a little over $10 in 1970 to just under $145 in 1980.
Here's a chart for reference: https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
Silver was NOT worth that much back then, but market dynamics made it keep growing until people refused to buy anymore. Keep in mind, this is a time period without any major financial crisis's (The gas crisis doesn't apply here), and no real major global conflicts (cold war never went hot obviously)
The same thing is gonna happen here, but on an infinitely higher scale. When the banks collapse, and the paper silver/gold market collapses (silver is the most naked shorted asset on earth to the tune of more than a quadrillion dollars being naked shorted annually by banks and hedge funds, gold gets the same treatment to a lower degree), combined with the threat of WW III, nuclear war, governmental collapse (the military is probably gonna have to clear out the governement and install a military junta temporarily, which will cause widespread panic about the USD), and most importantly, the collapse of the USD and US treasury market, and instead of looking at a 14.5 X increase, you're looking at easily several 100 X increases, if not more.
Now having said that, it's a lot more nuanced and complicated as to how we got those number. There's a whole lot more factors that go into the equation like how silver/gold supply has actually shrunk in the past 100 years for example, but that's a really dumbed down and shortened version, since I don't feel like typing it all out again for the upteenth time. FYI, this isn't me saying you should dump all you money in gold/silver because it'll make you rich. That's dumb, don't do that. Only buy what you can afford from EXCESS income. If/when silver/gold hit 5 digits or more you'll walk away with a decent nest egg from a few oz's. So there's no need to try and risk your livelihood on it. Just hedge like normal, and if/when it takes off, take the massive increases. It's that simple.
But I've ranted a bit. To answer your question, it's just a old scam, there's no grand conspiracy in THIS specifically. But there is evidence and precedent for a massive market increase right around the corner, especially with the upcoming financial collapse and reset that everyone knows HAS to happen in order to kill of the central bank system for good.
Yeah prepping channels used to say "You can't eat gold" but now many are saying to buy gold to preserve your "wealth."
Pfft... that IS dumb.
Everybody knows you eat BTC...not gold for crying out loud 🤪
u/#sassypopcorn
Buttered Tasty Corn?
I started investing in brass, copper, and lead since the late '80s. Come in nice small trade-able (or fire-able) packages, can put 20 or so in a box and put in your pocket, have never gone down in real-value, and very useful in SHTF emergencies.
Gold and Silver aren't nearly as precious to me, right now.