Econ Precious Metals

[Shemp]

Couple thinking about converting to all gold? Anybody got change for a 1 oz. American Gold Eagle for a sack of potatoes? I like silver for ease of transactions where 'minor' stuff is involved. If I don't have to 'over show' my 'wealth', I won't.

If you think you're going to use this to buy things you're larping

 

[dammitgriff]

The dollar’s days are numbered. Privately held gold is primarily a wealth preservation asset.
If precious metals prices rise in response to market volatility as they did in the stagflationary 1970’s, gold could hit $20K per ounce.
However, I suspect our insolvent Uncle Sam will once again decree private ownership of gold illegal, and demand its conversion to worthless dollars, before that happens.
R/Griff

 

[chance]

I agree. Still frustrated with it. I may sell half my silver and convert to gold.

Gold is traditionally more stable, and makes a lot more sense once you get over a certain amount of value in metals. Its a pain in the ass to move around with 10 or 20k worth of silver, but that value in gold fits in your pocket.

 

[dammitgriff]

Gold is traditionally more stable, and makes a lot more sense once you get over a certain amount of value in metals. Its a pain in the ass to move around with 10 or 20k worth of silver, but that value in gold fits in your pocket.

An ounce of gold is about equal to two rifles/pistols. A pound of gold is easier to move around -and hide- than 32 firearms.
R/Griff

 

[chance]

All this talk made me want to go pick up some more. Traded a benjamin for $5.50 in silver change. Getting closer to my short term goal of $100 face value in pre 1965 coins.

 

[Shemp]

All this talk made me want to go pick up some more. Traded a benjamin for $5.50 in silver change. Getting closer to my short term goal of $100 face value in pre 1965 coins.

I've not dipped into constitutional silver yet....

 

[chance]

I've not dipped into constitutional silver yet....

it has its benefits and downsides. I dont think it makes sense to have a ton of it, but it is nice walking out of the store with a handful for cheap. Plus you dont feel bad handling it.

 

[dammitgriff]

Article from Money Week magazine:

Hold gold: insuring your portfolio could prove lucrative

Hold gold: it’s insurance for your portfolio that could prove lucrative — MoneyWeek

Gold has had a grim year, but the backdrop for the traditional safe haven and store of value remains auspicious. There is scope for the price to jump by 30%-40%, says Dominic Frisby

apple.news

 

[shootsacanon]

The pic of the stockpile that I don’t stockpile?
I don’t stockpile, I turn them in almost immediately (can you read?)
View attachment 118286

Where would you recommend someone take their old cc? I have one sitting in my garage that I pulled of my 03 Honda CR-V. Worth trading in somewhere, or pitch it?

 

[Miles]

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