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Gold and Silver
Topic Started: Jun 28 2016, 12:02 AM (355 Views)
Pat
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I know one this for certain, there are a lot of naive people out there that are ripe for plucking.
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Stoned
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Pat
Jun 28 2016, 12:02 AM
On 12/15/2015, the price for Silver was roughly $13.60 an oz. Today it is roughly $17.60

On 12/15/2015, the price of Gold was roughly $1,045 an oz. Today it is roughly $1,326

I'm sleeping well and night. :smile:
In 2011 it was roughly $1900. Bet they were sleeping well too.
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Corky52
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Sounds like Pat has papers in hand, but no gold, what's the point?

Is this in a Trump facility of some kind?



:smoker:
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Sea Dog
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I thought the point of holding gold was to be able to trade a double eagle
for a can of beans after the much anticipated collapse occurs.

What is the point in having said gold in an off shore location?
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Thumper
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Its all paper. Can be used as wallpaper just as well as stock certificates.
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Stoned
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Sea Dog
Jun 28 2016, 10:45 PM
I thought the point of holding gold was to be able to trade a double eagle
for a can of beans after the much anticipated collapse occurs.

What is the point in having said gold in an off shore location?
You can have physical gold
You can have gold certificates
You can have gold mining stock
You can have shares in gold fund

Gold can be part of a portfolio

Nothing says gold cannot decrease in value
Like anything else gold has become speculative
Buyer beware
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Thumper
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I like they TV ads on fox with William Devane. "Gold has never gone to zero value". Lol
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Stoned
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Thumper
Jun 28 2016, 11:37 PM
I like they TV ads on fox with William Devane. "Gold has never gone to zero value". Lol
Great comfort when youhave paid $1900 per ounce and it is now at $1300.
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Corky52
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Pat is trying to prepare like one of the .01%, scattered PM around the world. Nice theory, but kind of a pretense.

Other than coins in your hand, all paper PM's are just that, more paper.


:smoker:
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her-she
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Aluminum used to be more valuable than gold.

https://www.youtube.com/watch?v=ga2mEBjJ1Jg

When and if we ever master space travel, the value of gold will flat line to nearly nothing. Just my own opinion, unless you have the actual gold or silver, and have it close by, you got nothing. It may as well not exist.
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