Buying physical gold/silver

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jagvocate
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9:17a, 7/22/25
AG
" In 1971, the federal minimum wage was $1.60 per hour, while gold was priced at about $44.60 per ounce. This meant a minimum wage worker could earn enough in a 40-hour week to buy nearly 1.5 to almost 1.8 ounces of golda significant amount by any historical standard.

Fast forward to today: with gold trading at roughly $3,399 per ounce, even a well-paid average worker making $25 per hour would need to work about 136 hoursover three full-time weeksjust to afford a single ounce of gold. This stands in stark contrast to 1971, when a minimum wage earner could purchase that ounce with less than a week of labor."

Gold protects purchasing power that our Federal Reserve destroys.

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Heineken-Ashi
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In reply to jagvocate • 9:33a, 7/22/25
jagvocate said:
" In 1971, the federal minimum wage was $1.60 per hour, while gold was priced at about $44.60 per ounce. This meant a minimum wage worker could earn enough in a 40-hour week to buy nearly 1.5 to almost 1.8 ounces of golda significant amount by any historical standard.

Fast forward to today: with gold trading at roughly $3,399 per ounce, even a well-paid average worker making $25 per hour would need to work about 136 hoursover three full-time weeksjust to afford a single ounce of gold. This stands in stark contrast to 1971, when a minimum wage earner could purchase that ounce with less than a week of labor."

Gold protects purchasing power that our Federal Reserve destroys.

With centuries of history as proof.

But it also shows that the economy has been a mirage since 2000 when risk assets topped against gold. Since then, the cycle of issuing debt to fuel growth kicked off full steam. We're now at the point where we are issuing debt to MAINTAIN declining growth. Next up is issuing debt to not grow at all and likely even generate negative growth (meaning the debt stops providing ANY value and starts subtracting value). That's when the fireworks start.
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Queso1
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6:40p, 7/22/25
AG
That silver dough
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Red Pear Realty
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6:42p, 7/22/25
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AG
Let's go 40! I'M A MAN!
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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Heineken-Ashi
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8:04p, 7/22/25
The SLV/SPX relationship chart is showing a strong bullish setup for silver outperformance. Doesn't mean it will follow-through, just that the setup is there. I know most of don't study EW or understand the Fibonacci relationships between moves, but you don't have to. This is what a "standard" nested setup SHOULD look like. All it needs is breakout confirmation.

But remember, this chart is comparing SLV to SPX and relies on price action of both. It can play out in multiple ways..

1. Silver strongly bullish and SPX less bullish
2. Silver bullish with SPX flat
3. Silver moderately bullish with declining SPX
4. Silver flat with declining SPX
5. Silver declining with SPX declining strongly
6. Silver strongly negative with SPX more bearish.

And it could totally fail. But as long as circle wave [ii] 61.8% retracement area holds, this has potential to widen the outperformance. I'll post updates if anything meaningful happens. Right now, it's signaling patience as it might be trying to nest one more time before truly starting the breakout.

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TTUArmy
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7:29a, 7/23/25
Anyone believe the US Treasury will re-value the gold on it's books?
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jagvocate
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In reply to TTUArmy • 7:36a, 7/23/25
AG
TTUArmy said:
Anyone believe the US Treasury will re-value the gold on it's books?

We've done it before! And I believe it is a tool that we'll turn to again ... the $64k question is WHEN

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Mas89
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In reply to Heineken-Ashi • 7:46a, 7/23/25
AG
Heineken-Ashi said:
jagvocate said:
" In 1971, the federal minimum wage was $1.60 per hour, while gold was priced at about $44.60 per ounce. This meant a minimum wage worker could earn enough in a 40-hour week to buy nearly 1.5 to almost 1.8 ounces of golda significant amount by any historical standard.

Fast forward to today: with gold trading at roughly $3,399 per ounce, even a well-paid average worker making $25 per hour would need to work about 136 hoursover three full-time weeksjust to afford a single ounce of gold. This stands in stark contrast to 1971, when a minimum wage earner could purchase that ounce with less than a week of labor."

Gold protects purchasing power that our Federal Reserve destroys.

With centuries of history as proof.

But it also shows that the economy has been a mirage since 2000 when risk assets topped against gold. Since then, the cycle of issuing debt to fuel growth kicked off full steam. We're now at the point where we are issuing debt to MAINTAIN declining growth. Next up is issuing debt to not grow at all and likely even generate negative growth (meaning the debt stops providing ANY value and starts subtracting value). That's when the fireworks start.

Great analysis in a single paragraph. What's different is that the world has suddenly realized the debt shell game we are playing. Yes, the world's money is still invested in our equities market. But many have been adding other investments- metals and crypto. This is putting pressure on bonds and eventually equities. It's just a matter of time.

in round numbers, gold is up 70 percent from Jan.1, 2024- 2,000 to 3,400. And silver is up 70 plus percent in the same time.
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jagvocate
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7:55a, 7/23/25
AG
I don't think this tweet is an accident ... $GOLD


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Heineken-Ashi
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In reply to Mas89 • 8:39a, 7/23/25
Mas89 said:
Heineken-Ashi said:
jagvocate said:
" In 1971, the federal minimum wage was $1.60 per hour, while gold was priced at about $44.60 per ounce. This meant a minimum wage worker could earn enough in a 40-hour week to buy nearly 1.5 to almost 1.8 ounces of golda significant amount by any historical standard.

Fast forward to today: with gold trading at roughly $3,399 per ounce, even a well-paid average worker making $25 per hour would need to work about 136 hoursover three full-time weeksjust to afford a single ounce of gold. This stands in stark contrast to 1971, when a minimum wage earner could purchase that ounce with less than a week of labor."

Gold protects purchasing power that our Federal Reserve destroys.

With centuries of history as proof.

But it also shows that the economy has been a mirage since 2000 when risk assets topped against gold. Since then, the cycle of issuing debt to fuel growth kicked off full steam. We're now at the point where we are issuing debt to MAINTAIN declining growth. Next up is issuing debt to not grow at all and likely even generate negative growth (meaning the debt stops providing ANY value and starts subtracting value). That's when the fireworks start.

Great analysis in a single paragraph. What's different is that the world has suddenly realized the debt shell game we are playing. Yes, the world's money is still invested in our equities market. But many have been adding other investments- metals and crypto. This is putting pressure on bonds and eventually equities. It's just a matter of time.

in round numbers, gold is up 70 percent from Jan.1, 2024- 2,000 to 3,400. And silver is up 70 plus percent in the same time.

If your money was in gold since 2000, you have outperformed the S&P. And I don't think that's changing soon.
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TTUArmy
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8:44a, 7/27/25
Might get a bit of an extended pullback in silver and a nice buying opportunity this week.
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techno-ag
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In reply to TTUArmy • 9:35a, 7/27/25
AG
TTUArmy said:
Might get a bit of an extended pullback in silver and a nice buying opportunity this week.

This have to do with tariffs, or the lack thereof?
Pro College Station Convention Center
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lobopride
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5:07p, 7/27/25
I went ahead and bought a lot of silver. I have a feeling I could have bought a lot more after this week. oh well, you can't time the market.
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TTUArmy
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5:41a, 7/31/25
Silver @ $36.91. Recent silver run was pushing up my DCA. Does my heart good to see it head down for a bit.



Copper took a big ol' dump yesterday...-22%.
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Rankest
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9:42p, 8/5/25
Palladium: 30x more rare than Gold. That's substantial.

It's currently trading at a spot price that is 65% lower than the current Au spot price.

I feel like it has the most upside potential of any of the Precious Metals when it comes to a long hold play. It's a base logic move.

Palladium is 15x more rare than Platinum.
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maddiedou
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9:45p, 8/5/25
AG
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Rankest
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In reply to maddiedou • 10:04p, 8/5/25
Nice contribution.
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jagvocate
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In reply to Rankest • 6:12a, 8/6/25
AG
Fed Issues Article Re: Gold Revaluation to Support Debt Load

Weiss, Colin R. (2025). "Official Reserve Revaluations: The International Experience," FEDS Notes. Washington: Board of Governors of the Federal Reserve System, August 1, 2025"

https://www.federalreserve.gov/econres/notes/feds-notes/official-reserve-revaluations-the-international-experience-20250801.html

I think they'll let gold run to $5k and then revalue it to $10k at some point



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Rankest
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In reply to jagvocate • 11:41a, 8/6/25
If Gold gets revalued to $10k/troy ounce then all of the other precious metals would track. Then it's just a matter of percentage increase.

I like Palladium as a spec play. I hope it dips more in the short term.
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TTUArmy
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In reply to Rankest • 3:38p, 8/6/25
Rankest said:
If Gold gets revalued to $10k/troy ounce then all of the other precious metals would track. Then it's just a matter of percentage increase.

I like Palladium as a spec play. I hope it dips more in the short term.

The only reason many of us hang on to gold and silver is due their historical use as monetary metals. Though the other metals, like platinum and palladium are rare, they are generally perceived as industrial use metals. These days, silver has a foot in that category as well. Granted, there are mints that use platinum and palladium to make bullion coins. And, there's a very small segment of retail investors that like to buy them. Kind of an expensive novelty, much like numismatics, but that's just me. If that floats your boat, then carry on and have fun with it! Beware of people pushing this stuff called "crystalline osmium". Even though it is a rare element, those people are f-ing bananas.
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Rankest
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In reply to TTUArmy • 12:14a, 8/7/25
Check premiums on palladium bullion. Only a fool would pay those prices.

I'd rather jump in during key moments (Pullbacks) via stock on Platinum Metal Group focused miners.

I'd also rather pay a measly 0.6% expense ratio to hold PALL stock.

Disclaimer: The thread title is about physical Gold/Silver, but I feel like we are under an umbrella for discussion about all PMs. Stocks and otherwise. I'd hope Copper talk wasn't frowned upon in here either. If not, direct me to the proper thread.

Also, just by lurking: Maddiedou is a clown. They're a permabear on metals it seems, and yet they actively collect them. Something isn't adding up. Guaranteed he f**** unsuspecting people over on their collections regularly. I'd never sell to them. Easy to read con man.
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