Ahh the ferengi. I still think visa should have catered to the star trek crowd and offered a Visa "Latinum" card.
Bought a 100oz Silver Bar
- Thread starter George7941
- Start date
If things ever get crazy enough, those with only gold and/or silver will learn about alchemy, where lead is more valuable than either.
The three B's - Bullets, Beans and Bullion, in that order.
Lol, you mean like 230g lead.
I do not have an apocalyptic Mad Max view of the future and do not think that we are going to descend into chaos and lawlessness. No need to stock up on firearms and ammunition.
Tariff wars between the US and Canada could hurt both our countries, Canada much more so than the US because we are only one tenth the size.
The inexorable creep in the size of the government is disturbing. Every new program is tagged with - oh, the extra cost is only about the cost of a cup of coffee a day for the citizen. Pretty soon you are up to twenty five cups of coffee a day and suffering from caffeine poisoning. The Canadian federal work force has increased in size by 40% in the last nine years.
All this is, I think, going to devalue our currency. Precious metals seem to be a nice hedge against this. The government cannot get its grubby paws on my stash.
Why did I pick silver over gold? Silver has a large number of industrial uses and will always be in demand. Solar panels, electric cars, electrification in general all need silver.
I bought my second bar a couple of days ago. I bought my first bar at $4939.99Cdn. I paid $5069.99 for the second one. The price today is $5179.99, up by 4% since my first purchase. At least in the short term, it is going well for me.
Tariff wars between the US and Canada could hurt both our countries, Canada much more so than the US because we are only one tenth the size.
The inexorable creep in the size of the government is disturbing. Every new program is tagged with - oh, the extra cost is only about the cost of a cup of coffee a day for the citizen. Pretty soon you are up to twenty five cups of coffee a day and suffering from caffeine poisoning. The Canadian federal work force has increased in size by 40% in the last nine years.
All this is, I think, going to devalue our currency. Precious metals seem to be a nice hedge against this. The government cannot get its grubby paws on my stash.
Why did I pick silver over gold? Silver has a large number of industrial uses and will always be in demand. Solar panels, electric cars, electrification in general all need silver.
I bought my second bar a couple of days ago. I bought my first bar at $4939.99Cdn. I paid $5069.99 for the second one. The price today is $5179.99, up by 4% since my first purchase. At least in the short term, it is going well for me.
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I don't think s*** is going to hit the fan.
A few years ago I made a mistake. I worked for a guy that was always buying gold or silver.
It kept going up. The coin guy told me that it's likly to go over $100/oz
I was finally able to go buy some. I bought 32oz of it and I paid nearly $50 for each coin or bar.
The very next Monday the price sand like a rock and has never came back to where I can at least break even.
Go figure.
It kept going up. The coin guy told me that it's likly to go over $100/oz
I was finally able to go buy some. I bought 32oz of it and I paid nearly $50 for each coin or bar.
The very next Monday the price sand like a rock and has never came back to where I can at least break even.
Go figure.
Wow! Now that's a bar! I'm mostly a DCA guy at my local shop. Always good to know your local dealer when it comes time to sell. But lately I've been stacking BTC.
Hermann
Site Donor 2023
The silver I hold the price average is $23.14 oz My modest gold holdings average $1645 an oz.
It does go up over time, 90% of the time. Now is not the time to buy IMO.
The Coin Guy is predicting $3300 gold soon.
It does go up over time, 90% of the time. Now is not the time to buy IMO.
The Coin Guy is predicting $3300 gold soon.
DCA - Dollar Cost Averaging?
I bought all my silver in the mid teens. Including a 100 oz bar. I already sold almost all in the mid to upper $20 range. I hold some silver coins now, my painted doubloons small, large.
Silver
To me having the actual gold/silver makes no sense. If it gets that bad you don't want to live like that. Far better better buying GLD or SLV at no commission. They made 40% in the last year.
Less pure with that coloration ?
It comes right off. Doesn’t impact value plus tiny amount of $ anyway
Silver is an interesting metal. The majority that has been mined gets used up. There is a couple bucks of silver in every circuit board, but it would cost like $10 to recapture it - so of course its not.
In theory as an element there is 10X as much silver as gold. However there is way more above ground gold than silver - since almost all gold ever mined is still around, usually in a vault somewhere. A little is at the bottom of the sea or in jewelery. But most silver gets used up.
Spanish pieces of eight were used as money for hundreds of years, and the first USA dollars were based off the same weight, 24 grams of silver.
Now if you will excuse me I need to go sit by Norm at the bar.
In theory as an element there is 10X as much silver as gold. However there is way more above ground gold than silver - since almost all gold ever mined is still around, usually in a vault somewhere. A little is at the bottom of the sea or in jewelery. But most silver gets used up.
Spanish pieces of eight were used as money for hundreds of years, and the first USA dollars were based off the same weight, 24 grams of silver.
Now if you will excuse me I need to go sit by Norm at the bar.
