Gold: Past, Present, and Future

Just dropped $761 on some shares... figured I'd give the bulls a little boost🙂

lonehawk5 said:Nice😁

P.S. No offense intended toward the guy

Speculators need to learn how to laugh at themselves😍—it helps manage the stress levels.😬

Anthony Evans78 said:If I buy one gram every month, does that mean each individual gram comes with its own certificate and sits in some vault somewhere?
Do I need to schedule an appointment? Why would I need to do that?

How, and why?

Just so we don't all show up at the exact same time, I guess.

😁

Ah, here we go again. Just another blatant advertisement dropped right in our laps. Though, I guess some people on this forum might actually find it interesting—now you guys can all jump on him. Honestly, I can't even be bothered to look into the company; maybe they’re legit, maybe they aren't. But the whole concept of storing tiny amounts of precious metals just feels fundamentally flawed to me. If someone is out here trying to buy gold at, what, $25 a month? That’s barely half a gram. You’ll end up paying more in storage fees than the actual gold is worth. What a joke.

Personally, I'm fine with a $75 annual storage fee if I'm holding $20,000 to $30,000 worth of metal. And frankly, having it sitting in an insured vault beats keeping it under my mattress any day, provided it's properly allocated.
Anyway, looks like silver is starting to dip quite a bit. I'm just sitting back, waiting to see how low this thing goes before I load up on more.

If you have to announce your arrival just to check on your gold, something smells fishy.
Look, if you’re sitting on pounds of gold, you should have plenty of places within reach to stash it away. 😉

Anthony Evans78 said:If you have to announce your arrival just to check on your gold, something smells fishy.
Look, if you’re sitting on pounds of gold, you should have plenty of places within reach to stash it away. 😉

Exactly... my favorite excuse from those idiots at Bloomberg—selling off 13 tons of gold right at the price floor.😁
They claimed they had to pay Swiss firms massive fees for storage—as if they were sitting on thousands of tons instead of just 13 tons... I could have kept that much in my own basement.😂😂
Just concrete over the entrance and you've solved the theft problem without paying a premium for security... absolute lunatics...
And then they have the nerve to brag about their financial expertise...🤣
They dumped the gold on the Federal Reserve—because the Fed is supposedly clueless while they are geniuses🤣—all based on the claim that gold lacks a monetary role, yet the central bank of all central banks is out there buying it up from them.😉

lonehawk5 said:Just dropped $761 on some shares... figured I'd give the bulls a little boost🙂

If wishes were horses, you'd probably be riding one by now. 🙂

It feels like the odds of a correction are stacking up, though nothing is set in stone yet. Today might just be a dead cat bounce before we see a reversal toward the 1660-80 range. A drop down to 1620 is technically on the table, but I wouldn't bet on it. The Dollar could potentially break past 80.3 in its next move... we'll have our confirmation if

1. The Dollar breaks through that 80.25/30 barrier and if
2. Gold slips below the previous floor—I think it was 1738. And if
3. The S&P 500 closes the day under 1430. Any two of those three triggers should be enough for us to call it: the correction has officially started.

lonehawk5 said:Just dropped $761 on some shares... figured I'd give the bulls a little boost🙂

Closed out at $770😉

It’s easy enough to jump back in if things look right again😁

lonehawk5 said:Closed out at $770😉

It’s easy enough to jump back in if things look right again😁

Man, just add that extra thousand to the price😍........there are some new guys here who think you're playing games with them.......🤣

dustyheron5 said:Man, just add that extra thousand to the price😍........there are some new guys here who think you're playing games with them.......🤣

Whoever came up with that doesn't deserve to even be on this forum...😁

lonehawk5 said:Whoever came up with that doesn't deserve to even be on this forum...😁

Don't be ridiculous🤣—you're essentially throwing money away by ignoring the unit price😍...and what will you do once two summers pass and you're left staring at zeros?😂

Anthony Evans78 said:If you have to announce your arrival just to check on your gold, something smells fishy.
Look, if you’re sitting on pounds of gold, you should have plenty of places within reach to stash it away. 😉

I read this story once on a German forum about some guy who buried a stash of gold coins out in the Canadian wilderness. He sold some land, used the cash to buy Maple Leafs at an ounce per unit—or whatever—and just dumped it in the woods. Maybe it was his land, maybe it wasn't; doesn't really matter. The point is he didn't trust banks and figured burying it was the safer bet.

Next time he showed up to dig it up, it was gone. Whether someone was tailing him or some guy with a metal detector stumbled onto it, nobody knows—but yeah, it was a total clusterfuck.

On another note, same German forum: they had this great breakdown of safes. They say a real safe weighs a couple hundred pounds when you pack it with cash, bolted into concrete, and even a few strong guys couldn't budge it. But what's the actual point? What are they afraid of? Two or three masked dudes show up, grab you by the throat, and say: "Open it or we start cutting—starting with your kid, then your wife"—real deep shit. What happens then?

You’ve got idiots going to prison because they decided to gun down a clerk at a gas station just to grab $5,000. If a guy like that realizes you've got way more than that waiting at home, what do you think he's willing to do?

That's why the smart move is to mix it up. Spread it out across two locations—keep one spot totally low-key with just some silver or a few hundred bucks tucked away in plain sight as bait, while the real heavy stuff is hidden properly in a solid safe. And don't go putting more than $20k in any one physical safe; put the rest in a bank vault or an allocated account. I'd much rather have them try to crack a Via Mat vault than mine—at least then my metals are insured against theft.

dustyheron5 said:Don't be ridiculous🤣—you're essentially throwing money away by ignoring the unit price😍...and what will you do once two summers pass and you're left staring at zeros?😂

Ha-ha...no, at the pivot points, I write the whole damn amount. Once a number stabilizes (like how that figure above has been sitting over 1k for three years now), there's zero reason to type the first digit (trying to save my keyboard from wearing out 😁). That's how traders handle it, whereas investors do things differently😁
You guys know it too.
Are you kidding me... come on, admit it, colleagues?😁

Paul Peterson4 said:I read this story once on a German forum about some guy who buried a stash of gold coins out in the Canadian wilderness. He sold some land, used the cash to buy Maple Leafs at an ounce per unit—or whatever—and just dumped it in the woods. Maybe it was his land, maybe it wasn't; doesn't really matter. The point is he didn't trust banks and figured burying it was the safer bet.

Next time he showed up to dig it up, it was gone. Whether someone was tailing him or some guy with a metal detector stumbled onto it, nobody knows—but yeah, it was a total clusterfuck.

On another note, same German forum: they had this great breakdown of safes. They say a real safe weighs a couple hundred pounds when you pack it with cash, bolted into concrete, and even a few strong guys couldn't budge it. But what's the actual point? What are they afraid of? Two or three masked dudes show up, grab you by the throat, and say: "Open it or we start cutting—starting with your kid, then your wife"—real deep shit. What happens then?

You’ve got idiots going to prison because they decided to gun down a clerk at a gas station just to grab $5,000. If a guy like that realizes you've got way more than that waiting at home, what do you think he's willing to do?

That's why the smart move is to mix it up. Spread it out across two locations—keep one spot totally low-key with just some silver or a few hundred bucks tucked away in plain sight as bait, while the real heavy stuff is hidden properly in a solid safe. And don't go putting more than $20k in any one physical safe; put the rest in a bank vault or an allocated account. I'd much rather have them try to crack a Via Mat vault than mine—at least then my metals are insured against theft.

Forgive me, but couldn't those same people just take a kid and force you to go to the bank to withdraw everything?

The reality is that the most critical factor is total anonymity—minimizing anyone's knowledge of your location. Even banks aren't foolproof; they are targeted by the most sophisticated professional thieves. 😂 Everything else is secondary and highly problematic.

And you, Charles—feel free to write "Section 1770" a hundred times as your punishment. 😁

It’s best if nobody knows you have it—not even your own wife. Actually, especially not her. 😁
Secondly, while you can't be certain about anything, I completely agree that you need multiple locations.
Having a safe just screams that you’re hiding something valuable. Like I said, if you’ve got a few pounds of gold in coins, it's such a small amount that it's incredibly easy to hide.

Anthony Evans78 said:It’s best if nobody knows you have it—not even your own wife. Actually, especially not her. 😁
Secondly, while you can't be certain about anything, I completely agree that you need multiple locations.
Having a safe just screams that you’re hiding something valuable. Like I said, if you’ve got a few pounds of gold in coins, it's such a small amount that it's incredibly easy to hide.

Just buy five safes and let them all play games—your wife, the kids, even burglars... meanwhile, you keep the actual metal buried. That's the real way to stay secure; Americans hate digging in the dirt more than anything else. 😂

Who even needs a safe? 🙂
I saw some guy online who just stacked five 10-pound silver bars right on his doorstep 😁

Anthony Evans78 said:Who even needs a safe? 🙂
I saw some guy online who just stacked five 10-pound silver bars right on his doorstep 😁

Honestly, it isn't a bad concept... I’d probably just melt the silver down into a perimeter fence and run a current through it—keep those repo men at bay 😬

Or just toss the whole lot into a bucket out back during a rainstorm... :klap:

It’s probably best to stash metals somewhere a detector can’t reach. Maybe inside some wood or even down a well 🤣

By the way, I recently got into a bit of a debate with my husband about this. He isn’t exactly a fan of precious metals—he doesn't really believe in anything that doesn't have "tangible value" just sitting there. In investment terms, he’s more of a "frugal builder" type; he’d rather just buy land or build something. To him, a brick is a brick. If I start talking about how bricks don't actually create value but instead just generate ongoing costs, we'll be here all night because he immediately pivots to "utility." (I suppose if you read between the lines, there's a lot of these kinds of debates before any major purchase, since investment decisions aren't solo acts—they're joint ventures)

In a last-ditch effort to make him understand, I tried explaining it using a Pokémon analogy 🤣
Every one has its own "powers," but they also have their "demons"—basically, pros and cons. You pick your weapons, or your Pokémon, based on the situation you're facing. And right now, the situation feels like one where you simply need to have some gold and silver "Pokémon" in your lineup. There's a very real chance things could play out in a way where you won't have much to pay with if you haven't prepared.

The downside of metals really just comes down to their physical nature—the fact that metal is metal and has its own set of properties

>>just smaller bullion or coins.
>>store them where they stay out of sight.
>>never keep all your metal in one single spot.
>>and of course, never put all your wealth into one single asset class (including metals).