Buying physical gold/silver

497,032 Views | 2824 Replies | Last: 2 days ago by maddiedou
TTUArmy
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maddiedou said:

Does it realy matter what gold silver and the s&p has done against each other

If I had my chance again I would invest in real estate

Ag exempt real estate in the 2000 era
Thats an investment

Just simple comparisons to validate market values and gains over time. It looks like you've kind of made one with real estate.

One of the primary reasons I began allocating into physical gold and silver is due to getting burned by the market...twice...2000 and 2008. Fortunately, I've made most of it back.

Before getting wiped out, I had never really considered the history of money or asked the question "what is money?" All I knew was that I had to invest, make money work for me using the markets, and pray I had enough for retirement. I want to say I started down this rabbit hole in 2009 trying to understand the significance of bitcoin as a medium of exchange.

In reviewing history and also listening to Ron Paul, I began to understand the insidious nature of the Federal Reserve, inflation, loss of purchase power, booms, busts, and how Fed policy allows/fosters politicians to be derelict in their stewardship of taxpayer dollars. In my opinion, the Fed is the biggest "buy now/pay later" scheme in history.

And the markets...there's nothing truthful there...it's gambling of high order. Yes...some have developed the ability to "count cards" when playing the market game and do pretty well. I allocate money to a "financial advisor/gambler" to play the game for me because I just don't have the stomach for it anymore. He makes me money, but like social security, I don't plan to see a dime of it when this game ends...and mathematically it will end. Overall, we're forced to play this illusory game or live hand-to-mouth.

Gold and silver provide a little piece of mind.

maddiedou
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AG
Yes. I agree with the gambling

My dentist big time liberal when the market went down because of tariffs

I told her all your doing is gambling with a bunch of crooks who doctor the books for you to invest and only the insiders know what to really do and that is also why I got out of the market

Because I sucked at it

I made some decent investments but unless you sell it atill means nothing in the bank account

I tell everybody that thinks I have money. Nope. My kids will have money because unfortunately hard for me to ever sell anything so I ride it all the way up and all the way down
maddiedou
Red Pear Realty
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AG
Gold at $3,527
Silver at $40.80
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Yukon Cornelius
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AG
41 now
TTUArmy
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Checked the precious metals portfolio tonight...

jagvocate
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AG
We're still early …. years of this to come
topher06
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Glad I was too lazy to figure out how to actually sell physical silver at $30 when I wanted to.
Buck Turgidson
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I have about half as much gold as I'd like to have. Bought the first batch almost three years ago at less than half what it costs now. I'm trying to decide whether:

- Is now a bad time to buy because we are nearing a peak?

- or, is now still a good time because gold is heading a lot higher?
Yukon Cornelius
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AG
lobopride
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Buck Turgidson said:

I have about half as much gold as I'd like to have. Bought the first batch almost three years ago at less than half what it costs now. I'm trying to decide whether:

- Is now a bad time to buy because we are nearing a peak?

- or, is now still a good time because gold is heading a lot higher?


I'm thinking gold is about $10,000 per ounce in five years.
TTUArmy
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Buck Turgidson said:

I have about half as much gold as I'd like to have. Bought the first batch almost three years ago at less than half what it costs now. I'm trying to decide whether:

- Is now a bad time to buy because we are nearing a peak?

- or, is now still a good time because gold is heading a lot higher?

You still have some folks out there that have been holding since 2011 and absolutely dying to unload their PMs at just break even or a little above. Their tired of it. I don't know that it will have much of an impact on markets in general...maybe a quick blip down...but then much higher. The prevailing monetary and political winds seem a whole lot different this go around...like something really big is about to break.
aggiebrad16
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AG
TTU I've been reading your post a for a long time now and I've finally had enough bourbon to ask… Did you go to Tech?
TTUArmy
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aggiebrad16 said:

TTU I've been reading your post a for a long time now and I've finally had enough bourbon to ask… Did you go to Tech?

I certainly did. Due to my years of military service, I was a non-traditional student. I also attended Angelo State for a couple of summer semesters; back when it was under the aTm system. I shared classes with quite a few aTm students home for the summer and trying to knock out a few classes they didn't want to take in College Station.
aggiebrad16
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AG
Cool! I saw you used "their" instead of "they're" in your previous post so that's what tipped me off.

Kidding. You're an important member of our clubhouse here and lightyears smarter than me!
Pacifico
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AG
maddiedou said:

Does it realy matter what gold silver and the s&p has done against each other

If I had my chance again I would invest in real estate

Ag exempt real estate in the 2000 era
Thats an investment


You will. Real estate will crash before gold, silver and the S&P.
TTUArmy
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aggiebrad16 said:

Cool! I saw you used "their" instead of "they're" in your previous post so that's what tipped me off.

Kidding. You're an important member of our clubhouse here and lightyears smarter than me!

Nice catch! TexAgs has plenty of high IQ people here that are far more eloquent and orderly in expressing their thoughts on specific topics. They're the reason I stick around. There is always something new to learn.
maddiedou
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AG
Pacifico said:

maddiedou said:

Does it realy matter what gold silver and the s&p has done against each other

If I had my chance again I would invest in real estate

Ag exempt real estate in the 2000 era
Thats an investment


You will. Real estate will crash before gold, silver and the S&P.


Okay. Hope your right

My edit seemed argumentative but basically I said land in 2000was 10,000 an acre and now that same land undeveloped is 100-150,000. If developed in a subdivision 200 plus an acre
maddiedou
Pacifico
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AG
Raise interest rates
jagvocate
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AG
jagvocate
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AG
TTUArmy
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At some point, our nation, and likely the rest of the world, is going to come out on a brighter side of these ugly money problems we face. Whether that is a return to sound money via precious metals or some other new system of money, which meets all of the criteria of sound money, will eventually be decided. When? That's anyone's guess.

In current form, the old money system has been through a series of tried, broken, repaired...ad nauseam. I think the law of diminishing returns is being invoked. Jag's chart shows the rest of the world is losing confidence and ready to move on. And, it doesn't look much like they are waiting on us to lead. And, why should they?

Now, we're kind of staring at this old, mangy, mutt standing on the doorstep, wondering if we should feed it, run it off, take it to the vet, take it to the shelter, put it down, or clean him up best we can and let him live a little longer.

TTUArmy
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Tether buying gold and miners

Boss of crypto company that posted first-half profits of $5.7bn has called the precious metal 'natural bitcoin'

Quote:

Tether has already amassed a significant position in bullion with $8.7bn of gold bars in a Zurich vault, according to financial statements, which it uses as collateral for its stablecoin.

Red Pear Realty
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When you deposit $3,500 worth of gold with a third party vault company, the company owns you. When you deposit $8.7b worth of gold with a third party vault company, the company still owns you.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
topher06
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Think this kind of depends on the reason you're buying PMs. If you're just stacking as a value reserve, any time is a decent time to buy. If you're speculating and trying to sell the PMs when it goes up, I would wait (but I don't follow this as closely as many on this thread).

I'm kind of caught in between. My original goal was to buy for stacking, but I got a couple of larger silver bars that I didn't really think through being annoying to store forever when I bought them. I want to unload those silver bars, but it is harder than I thought to find a dealer who will actually return a call.
maddiedou
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AG
Yep. Super easy to buy and pretty hard to sell at the price we think we should get
maddiedou
 
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