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Gold and silver prices highest in years
kannoneer
Member Posts: 3,364 ✭✭✭✭
I had not looked at the precious metals prices for months and was surprised to see where they are at. I believe gold is at an all-time high, whereas silver has a long way to go. We sold silver in 2011 for $35-$40 an ounce but it went down and stayed down. Maybe it will get there again.
Comments
Of course, $40 today won't buy what it did in 2011.
I always looked a gold as a good barometer to follow inflation. This last 2 to 3 months has been good if your holding gold.
WAit till you try to sell they see ya comeing
You can thank the Koch brothers for that $40/oz silver.
Let me check that out real quick.
(One google search later)
Wow, you're right! I've never seen Gold and Silver worth this much!
Gold has never been $2400
I'll sell my gold for $1,500 per oz., send me payment and I'll send you a signed certificate stating you own 1 oz. of my gold………………., gold is in short supply and the world-wide demand has never been greater, act now and I'll keep it safe in my lock box free of charge.…😀
"Never do wrong to make a friend----or to keep one".....Robert E. Lee
Do I get a free toaster if I buy in multiples of five?
I like gold coins.
Name me anything else that you'd rush to buy when it's the most expensive ever?
Ummm... I got nothin'.
Good bourbon.
I just recently spent some of my Cabela's Club earned C\C bucks on one of these.
Figure my pot of GOLD should be just around the corner. Finding that corner may take me a while though!
Plenty of individuals did just that…
Dutch tulips, Japanese real estate, .com stocks…perhaps US housing in 2020s?
Rocky makes a good point…It’s “speculating” not investing…and someone gets left holding the (mostly empty) bag.
People buying gold right now at these high prices are optimistic buyers, feeling that gold is even going to go higher. Buying gold is long term, not a path to over night riches. I personally look at gold as a way of protecting a part of my wealth against inflation. Will gold reach $3000 an ounce? Maybe. But it could possibly fall back below $2000 an ounce again if certain trends were to occur. If it does fall back, a lot of people will panic and try and save what they can by selling. Back when I bought gold, I bought what I thought was a reasonable amount, put it away and have just let time take iits course over the years.
but can you bend over to dig it up?????????
hillbille, you being a golfer, you'll understand how valuable a good caddie is! 😁
$40 spent on something purchased in 2019 (Trump era) will cost you nearly $80 now 2024 (Biden era) and I don't care what the percentage of inflation rate the government and media reports to the public 🤬
"Never do wrong to make a friend----or to keep one".....Robert E. Lee
While the timing is correct, the fact that Trump spent trillions helping democrat governors keep their economies closed was a big part of the inflation that hit in 21 and 22.
We could go back to FDR and compare how inexpensive things were in 1938 also.
Brad Steele
More importantly, has he been working out enough that he can whip that little commie leprechaun and steal his pot of gold?
This is actually a great (scam) Idea:
People were buying gold from Costco using credit cards that they had no intention of paying off not too long ago at $1700.00 and $1800.00 /oz.
Instead of buying junk that would be worthless in a year they bought gold. So now they have an item of real value that would only appreciate .
This is a genius move on their part. they knew they were going under anyway so now they have a virtually untraceable buffer between them and the creditors.
Credit card debt in this country is at it's highest ever. That's the only thing that's keeping the US afloat now.. the dam will break soon.
If you invested $1.00 in McD's in 1980 you have $279.00 today. $1.00 in the Dow (indexed) it's about $38.00 - $1.00 in gold - about $4.00 - I'm not a certified mathologist, but even I can do that math...
Don't forget to add/subtract with biden-flation. Also when you cash in the gold to get in the bread line you'll have to convert it to cash you'll get hit with a fee. Now if you just bought a gun you can jack them fools of their gold and bread without the transfer fees.
What I should have done was buy several dozen of the CZ 512 .22 wmr instead of buying just one w/the wood stock and two of the tacticals - one of which went to a buddy who was also the FFL on the deal . Those damn things are going for $1500 and it was a $600 gun. The tacticals were about $800 and I don't see any up for sale just now. They do some weird-a@@ stuff w/discontinuance of models.
Any of you posting here in this gold thread getting slammed with Gold Adds on the internet?
I've been bombarded ever since I posted on this! 😲 I must conclude that buying gold at this time is a SELLERS RACKET!
Seeing that long commercial using Chuck Woolery as a spokesman along with a huge group of suits representing the sales company, all most likely making BIG paychecks!
YUP! Racket for sure!
As the original poster I neither support nor condone any opportunistic ads trying to benefit from the current high prices, but I feel I should get a healthy cut of any profits!