Posts by Edward Robinson34

Gold has been valued at over 2,000 ounces for quite some time now. It serves as a fundamental store of value for humanity, and I suppose it likely will continue to do so. Bitcoin hasn't existed long enough to be meaningfully compared to gold, I think. Time will tell, perhaps.

vividgull10 said:Some central banks have already dumped their gold reserves, treating it like some useless relic from the past.

Which central banks are we supposed to consider relevant then? (Personally, I’d say none of them)

Even the Federal Reserve got rid of its gold long ago; they are certainly ahead of the curve.🤣.

Amanda Allen4 said:Sure, that sounds like a solid concept in theory, but let's be honest: it's becoming increasingly irrelevant in today's world.

Suppose a total catastrophe hits and we face a massive liquidity crisis—a bank run, for instance—how exactly do you plan to barter your physical gold and silver for basic necessities?

I once heard a story from an old-timer living out near the Rocky Mountains; he mentioned that during that chaotic transition period following the collapse of Nazi Germany and the rise of America, people were actually bartering "gold for gold"—essentially trading their gold jewelry just to get some corn.

I think you answered your own question. If a real crisis hits, maybe you can trade gold for corn or a sausage. But a single cartridge? That’s mostly just for warmth or... well, you know. That’s why I guess small-scale physical assets make more sense.

Robert Vaughn10 said:So, you're basically trying to peel potatoes with a toothpick. A strategy that sounds brilliant on paper is a complete disaster in practice. You can't even start peeling if you don't have the potatoes in the pantry to begin with.

When it comes to gold and silver, it's strictly about the physical assets, man. Some sort of paper derivative just doesn't cut it.

Honestly, if it weren't for the sales tax on silver, buying would be a total wash. You pay it when you buy, then you pay it again when you sell... it just makes the whole thing completely unprofitable.

brisksurfer6 said:My logic here is pretty simple: the gold bugs are going to get stripped completely bare, and then the vultures will swoop in to pick what's left over 😁

I honestly feel a little bad for silver, though. It’s sitting at such a bargain price right now, but hey, it can always go even lower 🤷

brisksurfer6, could you perhaps elaborate on that? What exactly do you mean regarding the gold bugs?

Dennis Fisher5 said:Is the target still sitting at 700? I’d love to know if I should be looking to pull the trigger on a purchase before the window closes up on me.

Dennis, where on earth did you get this 700 target from? And are we talking Euros or Dollars here?