Gold: Past, Present, and Future

Wait, what’s the deal with this gold cookie—are they seriously gonna try testing the bottom starting late 2015? I don't know, feels a bit too low to me if it doesn't mean it won't go even lower.

Melissa Sanchez17 said:You watching those mining stocks? This could be a killer entry point.

I don't follow the mining sector very closely—aside from my current holdings. I spend far too much of my time tracking crypto...😁

Wherever the Turks go, little Moe follows...
It’s still worth noting that Turkey has managed to grow its GDP at a real rate of roughly 7% so far. I suppose if you can manage to pull yourself together for a second, you might actually ask how such a massive, rapid 40% collapse of the Turkish lira is even possible when, say, Eurozone growth is sitting at 2%. One has to wonder how this whole mess will play out in the long run. But, sure... we'll keep watching this movement. It's quite telling. Watch your step.

"Followed by Turkish coffee"

Jim Sinclair and Bill Holter are confirming the timing and the move:

https://www.silverdoctors.com/gold/g...-be-explosive/

"Let me just... check my notes... ah, yes."

While some people are still playing games with interest rates, the 10-year yield just cleared 3.25%, prompting a statement from the President:

https://www.zerohedge.com/news/2018-...d-market-crash

"borrowing against interest"

Rob Kirby estimates the Dow Jones trajectory for the next month between 10% and 11%.

https://www.silverdoctors.com/headli...-am-right-now/

Jim Rickards is also forecasting a 20% drop in the Dow Jones over that same window. All this while
Federal Reserve Chair Jay Powell considers hiking rates—a move Donald Trump has voiced strong opposition to. Just a reminder: we only need JPMorgan Chase to avoid shorting metals again. Silver is currently flatlining. Perhaps waiting a bit longer on the sequence of events we've seen lately is actually the smarter play.

"Monetary resets don't happen every day."

Wait, is this the same Jim Rickards who was shouting from the rooftops back in 2013, claiming gold would hit $4,000 right after it tanked from $1,800 down to $1,100?

John White said:Wait, is this the same Jim Rickards who was shouting from the rooftops back in 2013, claiming gold would hit $4,000 right after it tanked from $1,800 down to $1,100?

He’s claiming it’ll hit $7,000–$10,000. I’ll say it again: his track record since 1998 is hard to ignore. What you mentioned actually proves how convincing he is—he’s calling it from a contrarian position, specifically following a correction. Since you clearly know your stuff, let me flip the question on you. What’s your best guess for the Dow? Just a ballpark figure will do...

A decent play in equities:

https://kingworldnews.com/alert-1350...old-is-coming/

A solid coin paired with an actual mining operation could yield some serious results. Jim Sinclair is making his move again. He’s forecasting just a few months of intense pressure.
Mining stocks are currently bottoming out—we're talking levels reminiscent of 2001. Given this market expert's track record, it isn't too late now, and it won't be too late six months from now either.🙏
In ten years? Hopefully, we'll see some growth by then. Which means bonds. The yield spread is actually worth noting... though timing will be everything.

https://www.zerohedge.com/news/2018-...tch-above-junk

Warren Buffett shares his latest investment strategy:



"Anything you want to add?"

Chris Booth6 said:Looking for some advice on buying precious metals

I’ve read through a good chunk of the posts here, but since I’m a total newbie, it’s all a bit overwhelming. Too many terms, too many different gold dealers, various coins versus bars... it's a lot.
I keep seeing wildly different prices and spreads. Some people suggest buying within the EU, others swear by silver or platinum...🙂🙂

Can anyone offer some guidance or at least point me toward where I can find reliable info? I haven't had much luck digging this up on my own yet.

The plan is to put away about $500–$1,000 every month or two into gold, platinum, silver, or whatever makes sense.
I’m not looking to day trade. This is meant to sit in the freezer for 5 to 10 years—or longer—just as a safety net, provided God forbid nothing goes wrong.

A small price difference doesn't bother me, but I've noticed some coins have a massive 15-20% markup, and smaller gold bars can be up to 15% higher. That spread is tough.

So, mathematically speaking (regardless of what the current market price is), what’s the smartest move for these amounts?
Or maybe a better way to ask: if you were in my shoes, what would YOU buy and where would you go?

Personally, I'm not a fan of gold (maybe 5% of my portfolio max) and I wouldn't recommend dumping money into it, but regarding your question... I doubt you'll find a place where you can grab gold with a low spread for that amount.

Better to save up for 6-12 months and buy a larger bar, or just buy shares in a gold ETF (like GLD). It basically tracks the same price, and if you use a low-fee broker, it's hands down the simplest way to go.

I could really use some advice here. So, JP Morgan Chase basically killed the interest rate on our kid's savings account, and now we’re just sitting here with this lump sum for our little one and nowhere to go with it. The plan is to have them use it after they turn 18—maybe to start a small business or head off to college—so we definitely want to keep saving and setting money aside. But I'm honestly stuck on what to do with the $33333 we've already tucked away. Right now, it's just sitting in a bank account earning absolutely zero percent. I was looking into buying a half-kilo gold bar? But then I started wondering... how can you even be sure they’re giving you real gold? Maybe it’s better to get several smaller pieces instead, so you could actually test each one on the spot if you had to... I don't know. Housing savings plans and life insurance feel so abstract to me, and I'm really not looking to take out a loan, unless maybe for something short-term like 3 to 5 years.

I've been looking directly at these links here and I noticed some differences right off the bat,
On one site, for a half-kilo bar, it's untaxed $17,500.00 * $17,250.00
But over at Gold Standard, a half-kilo is $17,141.26 vs $17,723.43
Based on this, it seems like a better deal to go through Gold Standard, assuming the quality of the bar is the same—it says 999 purity, right?

@Taylor Robinson51

It would be wiser to acquire fewer individual pieces. If you find yourself in a bind, selling a few items is manageable, and coins generally move much faster since people actually recognize them. My suggestion is to stick to 1-ounce pieces; you typically see a spread of about 2% on those. These American Philharmonic rounds are quite popular:

http://smh.net/at/anlegen/preisliste.html
http://smh.net/at/01101801-philharmo...gold-2018.html

Experts, I need some guidance here. A buddy of mine is looking to pick up about $7,500 worth of investment gold—specifically 20g bars. I’m heading out to Portland soon, so I’m wondering where the best spot would be to pull the trigger? Should he look in Germany, France, or Switzerland—maybe even Austria? He’s dead set against buying online; he wants to walk into a physical shop and handle the transaction in person. Any advice? THANKS

Megan Williams9 said:Experts, I need some guidance here. A buddy of mine is looking to pick up about $7,500 worth of investment gold—specifically 20g bars. I’m heading out to Portland soon, so I’m wondering where the best spot would be to pull the trigger? Should he look in Germany, France, or Switzerland—maybe even Austria? He’s dead set against buying online; he wants to walk into a physical shop and handle the transaction in person. Any advice? THANKS

I personally purchased from Philoro; they delivered my order by mail, though they do offer in-store options as well.

Megan Williams9 said:Experts, I need some guidance here. A buddy of mine is looking to pick up about $7,500 worth of investment gold—specifically 20g bars. I’m heading out to Portland soon, so I’m wondering where the best spot would be to pull the trigger? Should he look in Germany, France, or Switzerland—maybe even Austria? He’s dead set against buying online; he wants to walk into a physical shop and handle the transaction in person. Any advice? THANKS

I've never bought anything outside the States, but for that kind of amount, the spread here in America is probably around 2-3%. Honestly, I doubt you'll find a significantly better price abroad either. Even if you do manage to save something, we're talking maybe $10 or $20 tops. It’s hardly worth the hassle unless you're already passing by the shop anyway.

I'm no expert, so maybe someone else knows more than I do.

Jeremy Jackson2 said:I could really use some advice here. So, JP Morgan Chase basically killed the interest rate on our kid's savings account, and now we’re just sitting here with this lump sum for our little one and nowhere to go with it. The plan is to have them use it after they turn 18—maybe to start a small business or head off to college—so we definitely want to keep saving and setting money aside. But I'm honestly stuck on what to do with the $33333 we've already tucked away. Right now, it's just sitting in a bank account earning absolutely zero percent. I was looking into buying a half-kilo gold bar? But then I started wondering... how can you even be sure they’re giving you real gold? Maybe it’s better to get several smaller pieces instead, so you could actually test each one on the spot if you had to... I don't know. Housing savings plans and life insurance feel so abstract to me, and I'm really not looking to take out a loan, unless maybe for something short-term like 3 to 5 years.

I've been looking directly at these links here and I noticed some differences right off the bat,
On one site, for a half-kilo bar, it's untaxed $17,500.00 * $17,250.00
But over at Gold Standard, a half-kilo is $17,141.26 vs $17,723.43
Based on this, it seems like a better deal to go through Gold Standard, assuming the quality of the bar is the same—it says 999 purity, right?

Philosopher, in the US, the best price is at Bank of America - 17710 euros buy and 17243 euros sell.

My suggestion is to stick to smaller bars. Maybe call them up and ask for some actual advice. They told me exactly what to do right away. Even though you get a better price per gram when you're buying, the buyback rate is worse, so in the end, you might actually come out ahead by buying 100-gram bars instead.

Kate Ortiz said:I've never bought anything outside the States, but for that kind of amount, the spread here in America is probably around 2-3%. Honestly, I doubt you'll find a significantly better price abroad either. Even if you do manage to save something, we're talking maybe $10 or $20 tops. It’s hardly worth the hassle unless you're already passing by the shop anyway.

I'm no expert, so maybe someone else knows more than I do.

On a $7,000 purchase, saving $100-$150 is actually quite significant...
Shipping from Germany costs about $29, so even if you order online, you could still walk away with a $100 profit...

Can someone please explain this:

1. US site 20g - Dow - $744
https://example-us-gold-site.com/gold-bars/

2. Germany 20g - Dow - $709
https://example-german-site.com/list...

So, here's the math:
In America, 7 x 20g would cost $5,208
In Germany, 7 x 20g costs $4,963

That’s a $245 difference! Even if I factor in a $30 shipping fee—which is nothing—I’m still looking at a $215 gap. For the exact same product? Am I missing something obvious here, or is this just ridiculous?? 😁

Jeremy Jackson2 said:I could really use some advice here. So, JP Morgan Chase basically killed the interest rate on our kid's savings account, and now we’re just sitting here with this lump sum for our little one and nowhere to go with it. The plan is to have them use it after they turn 18—maybe to start a small business or head off to college—so we definitely want to keep saving and setting money aside. But I'm honestly stuck on what to do with the $33333 we've already tucked away. Right now, it's just sitting in a bank account earning absolutely zero percent. I was looking into buying a half-kilo gold bar? But then I started wondering... how can you even be sure they’re giving you real gold? Maybe it’s better to get several smaller pieces instead, so you could actually test each one on the spot if you had to... I don't know. Housing savings plans and life insurance feel so abstract to me, and I'm really not looking to take out a loan, unless maybe for something short-term like 3 to 5 years.

I've been looking directly at these links here and I noticed some differences right off the bat,
On one site, for a half-kilo bar, it's untaxed $17,500.00 * $17,250.00
But over at Gold Standard, a half-kilo is $17,141.26 vs $17,723.43
Based on this, it seems like a better deal to go through Gold Standard, assuming the quality of the bar is the same—it says 999 purity, right?

In America, you'll end up paying $250-$260 more for a 500g bar than you would in Austria.
If you decide to buy here in the States, check their actual inventory first.
If they ask for upfront payment but won't have the gold ready for 7-10 days, my advice is to think twice. I'm not trying to tell anyone what to do, but let's face it, legal disputes in this country can drag on for over a decade.

Otherwise, it's much more practical to buy gold coins.
True, you'll pay a bit more to buy them (and get a bit less when you sell), but you won't be forced to liquidate an entire bar if you suddenly need some quick cash.