Buying gold and silver.

[3Roosters]

 

[3Roosters]

 

[Wall-eyes]

Damn Gold is hot for sure last year.

 

[3Roosters]

 

[3Roosters]

 

[3Roosters]

 

[CAH]

That was from March 17, 2023

Gold now is at $2619/ounce

Minnows are still at $100. At least you are catching some walleyes.
Me not so much. @CAH

Silver sure is waffling doing much of nothing.

So which one of us is right? Im happy I have gold and minnows…

 

[Fester]

Will gold continue to rise and what rate is the question.....

 

[CAH]

I have no minnows ...... Ughhhh

Suck it!

 

[Skeeter]

Buying silver is like kissing your sister

 

[3Roosters]

Buying silver is like kissing your sister

what do you know?

 

[Sum1]

And today 4/21/2025

I hope you all are paying attention to what is happening in the financial markets.
And what will in all likelihood happen before years end. It is predicted by numerous sites that the gold standard will return. And because of that gold will be in the neighborhood of $10,000/ounce.

Back in 2009 my friend and I were talking about that this was going to happen. We predicted in 7-8 years. Well with the interest rate reductions (that is, the ability to re-finance the national debt) it took quite a bit longer. Kick that can, will you. Anyway. On April 11th I went full in on gold. By year's end I will let y'all know how I did. It is easy to look in the mirror after it happens. Well I went the other way. For y'all to see. Maybe I will only have enough to buy a dozen minnows if gold goes to nothing. LOL I don't think so.

That’s a ballsy move for sure! But with big risks comes big rewards. My gut tells me you will be sitting pretty well. Idk about 10 grand but well non the less. I’m temped to go all in on Palantir.

 

[CatDaddy]

And today 4/21/2025

I hope you all are paying attention to what is happening in the financial markets.
And what will in all likelihood happen before years end. It is predicted by numerous sites that the gold standard will return. And because of that gold will be in the neighborhood of $10,000/ounce.

Back in 2009 my friend and I were talking about that this was going to happen. We predicted in 7-8 years. Well with the interest rate reductions (that is, the ability to re-finance the national debt) it took quite a bit longer. Kick that can, will you. Anyway. On April 11th I went full in on gold. By year's end I will let y'all know how I did. It is easy to look in the mirror after it happens. Well I went the other way. For y'all to see. Maybe I will only have enough to buy a dozen minnows if gold goes to nothing. LOL I don't think so.

https://www.msn.com/en-us/money/mar...S&cvid=6042a8233a6b445e98ed6032f35ee993&ei=53

 

[Ruttin]

If we go back to the gold standard it would be a monumental shift in the right direction

 

[KDM]

Keep in mind that one trillion dollars, if gold is 4k an oz, equals about 7812 TONS of gold if we went back to the gold standard. That's just one trillion. What's the national debt again? How much gold is in the country? I think there might be a slight disconnect there, but I could be wrong.

update: National debt is over 36 trillion and counting. By my math (suspect at best) that makes about 282,000 tons of gold we need to cover it.

 

[risingsun]

And the U.S. government supposedly has less than 9375 tons of gold. 147 million ounces in ft knox and approximately another 147 million ounces in other places. I used 300 million ounces to rough guess it. Iffin my figures are correct?

 

[LBrandt]

Keep in mind that one trillion dollars, if gold is 4k an oz, equals about 7812 TONS of gold if we went back to the gold standard. That's just one trillion. What's the national debt again? How much gold is in the country? I think there might be a slight disconnect there, but I could be wrong.

update: National debt is over 36 trillion and counting. By my math (suspect at best) that makes about 282,000 tons of gold we need to cover it.

Tony and Parker need to get their bleep bleep bleep asses on gear. LB

 

[CatDaddy]

 

[lunkerslayer]

Gold is very dense
https://www.visualcapitalist.com/12-stunning-visualizations-of-gold-bars-show-its-rarity/
One gold bar weighs 25 pounds
So 80 bars equals 1 ton
https://www.31p1.com/blog/gold-bar-weight-all-you-need-to-know-more-about-gold/
United states has a little over 8100 tons of gold in reserve

https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
As you can see that the majority of the national debt is owned by the people, this can be remedied by capping the interest of that debt
https://wallethub.com/edu/cc/historical-credit-card-interest-rates/25577
We need to get back to the gold standard, and regulate what interest cc can charge.
And get rid of the federal reserve

 

[Wall-eyes]

Be very careful lots of scams out there. I am very happy with my gold bought back when it was 200 to 300 an oz. Silver is no good you can make more money in cd or something silver has been 17 to 20 oz for life time