Update as of 2/23/20 as markets re-open: Gold spot price currently at $1667 USD after flash crashing over $200 at open.

I almost cashed in a few ounces back in July when it was 1440. I bought in at 1070. I'm going to hang on for higher moves.

Just bought a 1/4 oz gld walking liberty yesterday...$450.00
And a few silver eagles $21.50 a piece.

Youngsters I bought in at 450 gold and 4.25 silver.

Just buy what you can afford, when you can afford, put it away and forget all about it!

Congrats! I hope you have been playing the ratio game!

my stack has been going up in value $1000 a day, every day (except weekends) for the last 3 weeks...

Its a little difficult to forget about it.

Those were the days of the "barbaric old relic". You cost-dollar-average must be impressive.

Silver tards, we ride!!

Yea ...Tells you something dont it...

This Virus might be real...

When my dad and friend would go spend all their weekend looking for the stuff in the 70s 80s ....it was like $250

HARD TO FIND SHIT>...They found enough to enjoy the hobby...

But keep your day Job..

Jack,my dads friend ...WW2 vet,now dead...RIP...He would go anywhere he thought there was gold...Even on Military bases he did not give a shit...

If there was Gold he was going to get it....But that stuff is hard to find...

I could tell you stories...But i did one time...And i told my dad i said it about Jack on here...And he got REALLY ANGRY...so guess i cant...

But yea Gold is hard to find...And at that Price..Wished Jack was still alive...if at 250 bucks was doing that....cant imagine at this price....

I sold most of my silver back when it was close to $40.00, I bought in at $5-$7/oz for a while...but generally gold and silver are not good investments...Platinum, Palladium, and Rhodium are where you can make some real money...

Last Edited by BRIEF on 02/21/2020 05:50 AM

Thanks Arnold, we are almost ready to dock.

I don't reckon we haven't seen anything yet.

The markets and system are on the precipice.

Bet it won't be long before giant upswings of $50, 80 or 100 within minutes start happening.

That was happening only 10 or so years ago, and it will happen again.

Could anyone here suggest some material on investment and hobby gold purchases?.... The DOs and Donts ...

Fukken aye man, the volume flood into gold is about to be yuge. CB's spent the last few years stockpiling, they know first. Most smart money is out of the market and in gold now.

Do any of you think this is a coincidence that this is about to explode over a weekend?

why would you buy now tho?! isnt this the worst time possible?

There are fatal flaws in both gold and Bitcoin, as a store of wealth.

99.9% of each is already owned by .0001%... there's not enough to go around.

Try finding a huge cache of either gold or Bitcoin... you can't do it.

Sucks, just complaining...

PSA: If your gold or silver is in ETF form you need to dump them immediately and get that physical cash in your hand and go buy the physical metals themselves with it. ETF gold doesn't mean you own gold.

Yep. And because this is also about currency swings, some of the moves in AUD terms (and other various currencies) will be amplified.

I'm predicting we'll be in for the ride of our lives, and although your net worth might be technically rising, it's still going to be heart-stopping.

My uncle has allot of silver he got from his parents... My grandfather...

My dad said when it was up too 40 an ounce was going to sell it... He told him to... Sell... He said he was going to wait till it was up too 100...

My dad said what a Moran... Silver.. Real price is like 15 bucks...
If that..

We have allot silver in this country... Lots of closed silver mines... With still... Tons in them..

Silver will never be that high again..

Physical gold and silver are generally used as a hedge rather than a straight up investment.

The gold price of today has finally risen back to where it was in the 2011-2012 time frame, so in other words if you bought gold 8-10 years ago, you've been losing money every year up until recently.

The strategy I personally use for gold and silver is to buy small amounts throughout the year (cost averaging).

I buy from either Kitco or JM Bullion.

For gold I usually buy either the 1 ounce or 1/2 ounce Canadian Maple Leaf gold coins.

For silver I usually buy the 1 ounce Canadian Maple Leafs, and the 5 ounce and 10 ounce bars.

I try to keep approximately 10% of my total investments in physical gold/silver (although over the last 3 years it's been closer to 3%-5% of my total with the boom in the stock market), and use it as a hedge rather than a money making investment.

Last Edited by Callen on 02/21/2020 06:43 AM

That's right! I remember talking to a friend when we were buying it at $7 and laughing at tripling our money...we knew we were going to make a fortune! And then we did more than triple!!

And what are you going to do with the Gold if you're hungry looking for food. You will start to understand what it actually means for something to have a value.

I'd say the most important 'DO' is only buy physical gold or silver, that you keep yourself physically.

$280 gold and $3.75 silver here.

Wait till the Chinese have to sell to pay their bills.

Thanks! I'd like to own some physical gold and off the grid but being sure of its purity and such.

I bought some at $3.25 oz about 15 years ago I think. Early 2000's 2004 or 05, or 06 Not sure exact date.

My 2nd husband was a Jewelry Designer, he cast gold and silver jewelry so we always had a stash.

After he died 12 years ago, I took enough of it and cashed out to pay cash for my condo on the water and still keep a little. When I cashed out it was at around $35. oz.

No way you can tell me that metals are not a good investment.

Silver tends to stay low long time but will have brake out moments for 6 month periods. That is the time to SELL.

That was like 2005 dude.. Lol