Buying physical gold/silver

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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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Gold at $3,527
Silver at $40.80
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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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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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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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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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jagvocate
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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.
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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
TTUArmy
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My son came home from service in the Marine Corps and is headed into the trades. I gave him a US Minted Marine Corps coin for his service. I'm at peace with his decision to go into trades over traditional college. He can still attend college if he so desires.

At any rate, I ran across this video of Mike Rowe getting a silver coin created to commemorate the trades and be legal tender, albeit created in Deutschland due to the political hoops he would have faced by having the US Mint create the coin. I would have liked to present this coin to my son once he finishes his trades education.

Unfortunately, they are already sold out...bummer. Mike Rowe is just an awesome guy. Love his work.

Link to silver trades coin.

Mas89
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If in Houston, US coin and jewelry on I-10 West. There will be a dependable buy/ sell store in every major city.
Call and get their price to purchase as a starting point. They even purchase foreign bullion coins.
Yukon Cornelius
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Trade school is superior IMO. Less total time. Less total dollars. More likely to get a job. Any other education needed can be supplemented.
Red Pear Realty
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I was at a gathering over the weekend with several very successful businessmen and the topic turned to the trades and how they will probably be more successful going forward than white collar jobs. One of the people in the circle said they were about to leave their c-suite level job and start a handyman business and we all kind of giggled. They weren't joking. They'll do well I think.
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TheMemeGuy
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Yukon Cornelius said:

Trade school is superior IMO. Less total time. Less total dollars. More likely to get a job. Any other education needed can be supplemented.
KingofHazor
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Here's another chart that should be added to that WTFHappenedin1971 (?) web page:



I wonder how abolishing Bretton Woods caused the South to start growing? I always thought that its growth was due to the widespread application of air conditioning and the more favorable business climate in the South. But guess I was wrong - the gold standard was holding it back!

Just giving you a hard time, Heineken-Ashi. I value your posts immensely. I'm just not convinced that returning to the gold standard will solve our nation's financial woes. Methinks its more about deficit spending and the Feds lack of true discipline in holding Congress's feet to the fire than it is our currency. Governments that want to engage in deficit spending will always find a way to debase their currency.
jagvocate
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"returning to the gold standard will solve our nation's financial woes"

It won't solve our existing debt problems, but it will darn sure be a brake on future trade imbalances and deficit spending. Balancing gold flows demands responsibility in government and society. Spendthrift ways literally are not affordable.

It's the best chance our grandchildren have to not be crushed under dozens of $TrillionUSD in debt.
KingofHazor
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Quote:

but it will darn sure be a brake on future trade imbalances and deficit spending. Balancing gold flows demands responsibility in government and society.

The gold standard has never been a sufficient brake on government spending in the history of the world. No government has ever been willing to balance gold flows. Every government throughout history has figured out a way to debase their currency, even when their currency has been metallic. The Greeks did it and the Romans did too. The British did it during the Napoleonic Wars by figuring out a way to print paper money to supplement gold and silver even though they were ostensibly on a gold and silver standard.

People think that there's a magic cure. "If we simply change X, everything will be better." There is no Ozempic shot for fiscal irresponsibility. The only solution if for Congress to exercise fiscal restraint, which it will never do.
TTUArmy
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KingofHazor said:

Quote:

but it will darn sure be a brake on future trade imbalances and deficit spending. Balancing gold flows demands responsibility in government and society.

The gold standard has never been a sufficient brake on government spending in the history of the world. No government has ever been willing to balance gold flows. Every government throughout history has figured out a way to debase their currency, even when their currency has been metallic. The Greeks did it and the Romans did too. The British did it during the Napoleonic Wars by figuring out a way to print paper money to supplement gold and silver even though they were ostensibly on a gold and silver standard.

People think that there's a magic cure. "If we simply change X, everything will be better." There is no Ozempic shot for fiscal irresponsibility. The only solution if for Congress to exercise fiscal restraint, which it will never do.

Historically, when politicians abandoned fiscal responsibility, people would run to the bank and pull their gold and silver out. The politicians would often receive a call from the head of the bank experiencing the run. The banker would tell the politician that whatever they were doing was not good for business and not good for the politician's political career.

The Fed has largely become a buffer between politician and constituent. Now, politicians can spend and borrow with reckless abandon without needing to raise taxes or hear a peep from their constituents. And, bankers don't have to worry much about runs on their bank anymore.

There were more checks and balances with a bi-metallic standard of money. That isn't to say that it was a perfect system. The Fed, with all of it's warts, did increase the velocity of money and spurred a lot of growth. Whether that growth can be interpreted as organic or even good is a fair topic of debate.

There might be a good argument that we've experienced a considerable moral decline with all of this growth. Welfare was supposed to be limited in scope for the most needy...not a generational lifestyle. It's allowed politicians to throw immense amounts of money at endless wars around the world.

A great deal of good and bad with each system. Maybe it's time we slowed things down a little and unwind some bad habits we've developed under the current system?
Fitch
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TTUArmy said:

My son came home from service in the Marine Corps and is headed into the trades. I gave him a US Minted Marine Corps coin for his service. I'm at peace with his decision to go into trades over traditional college. He can still attend college if he so desires.

At any rate, I ran across this video of Mike Rowe getting a silver coin created to commemorate the trades and be legal tender, albeit created in Deutschland due to the political hoops he would have faced by having the US Mint create the coin. I would have liked to present this coin to my son once he finishes his trades education.

Unfortunately, they are already sold out...bummer. Mike Rowe is just an awesome guy. Love his work.

Link to silver trades coin.

Firstly, thank you for you son's service! One of my best buddies from grad school was a Marine & ironically today messaged me about getting into gold. As the world turns...

Question for anyone here who cares to opine - I've been considering gifting a gold eagle to each of my siblings kids, currently three of them @ 2.5, 0.6 and 0.5 years old, so obviously parents would hold in trust.

Any experiences with that type of thing, or is it better to wait until they're older?
 
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