Gold: Past, Present, and Future

Did you end up talking to them today?

I was actually looking at this https://www.exxonmobil.com/en/about-us/our-history
but honestly, what you've got there looks pretty decent right now.

From what I can gather on their site, they offer cash payouts in USD up to $1,500.
If they can do it in USD without needing a bank account in New York City and let me pay it out in installments, then I’d much rather go with them.

I’m going to try to hammer out a deal with them tomorrow.

Today's email exchange.

"Our client purchased investment gold at either our New York City or New York City branch. We can only process buybacks in cash if we happen to have sufficient funds on hand when you arrive."

I can't help but feel—especially after that recent robbery—that they might be running a bit low on liquid cash. Today, they told me they could buy back three Philharmonic coins 😁 😁

Anyway, let me know how the deal goes—I'm really curious to see what happens 😉

I'll let you know.

Honestly, if we’re talking USD, that option to buy back three units works perfectly for me. It’s a solid deal.
I’m just a five-minute walk from the Empire State Building🙂

Unfortunately, they're only taking USD for cash transactions.
Dammit... looks like I’m going to have to put myself out there 😠

Just check out otkup.hr over on the corner of Vlach and Drašković.

Anthony Evans78 said:Just check out otkup.hr over on the corner of Vlach and Drašković.

$1,107 per ounce for buyback?? Is this some kind of sick joke or what... that’s like $100 less per ounce than what you'd get from someone like Chase Bank, for instance.

Honestly, looking at all these "cake" buyback schemes lately, I’ve started thinking we’re headed straight for a future where the only thing left will be a shady black market for gold and silver—whether you're trying to buy it or offload it.

Melissa Sanchez17 said:Honestly, looking at all these "cake" buyback schemes lately, I’ve started thinking we’re headed straight for a future where the only thing left will be a shady black market for gold and silver—whether you're trying to buy it or offload it.

What makes you say that?
Is it because the spreads have become way too wide?

Melissa Sanchez17 said:$1,107 per ounce for buyback?? Is this some kind of sick joke or what... that’s like $100 less per ounce than what you'd get from someone like Chase Bank, for instance.

And then you just wait for them to actually deposit the funds into your account.😁

Melissa Sanchez17 said:Honestly, looking at all these "cake" buyback schemes lately, I’ve started thinking we’re headed straight for a future where the only thing left will be a shady black market for gold and silver—whether you're trying to buy it or offload it.

You really think a fair market can exist without thieves? 🙂

Melissa Sanchez17 said:Honestly, looking at all these "cake" buyback schemes lately, I’ve started thinking we’re headed straight for a future where the only thing left will be a shady black market for gold and silver—whether you're trying to buy it or offload it.

The real headache is that using cash is increasingly being treated like a criminal offense.
Sure, you could technically funnel everything through wire transfers and bank accounts, but the bastards in Washington want to micromanage every single cent you move.

I’ve been sounding the alarm on this for years—the end goal is total surveillance over every single transaction you make.
I know how it goes... they treat you like a criminal just because you want some cash in hand and want to stay away from the banks and big institutions.

Gerald Palmer66 said:What makes you say that?
Is it because the spreads have become way too wide?

Big Brother

Anthony Evans78 said:You really think a fair market can exist without thieves? 🙂

Big Brother

Michael Morgan5 said:The real headache is that using cash is increasingly being treated like a criminal offense.
Sure, you could technically funnel everything through wire transfers and bank accounts, but the bastards in Washington want to micromanage every single cent you move.

Big Brother

Look, one of these days I'm gonna want to offload all this silver I've got sitting around, and honestly, I don't see myself doing that through a bank account.😁

Anthony Evans78 said:I’ve been sounding the alarm on this for years—the end goal is total surveillance over every single transaction you make.
I know how it goes... they treat you like a criminal just because you want some cash in hand and want to stay away from the banks and big institutions.

Yeah. It's really just a matter of "what now?". I guess it's what motivates someone to sell their gold, or someone else to buy it. Honestly, I'm feeling pretty split on it myself.
It seems like in a few years they might "legalize" gold just so they can put everything under surveillance. I'm not sure if that'll push prices up or down, though. Has anyone maybe read anything about this? I'm not selling anything right now, mostly because I don't need the money from my stash, and maybe because this whole surveillance craze will eventually blow over and gold will go back to normal. What do you guys think?

Here’s my take on the whole thing.
Think about everything the government has ever tried to ban... did they actually succeed?
They didn't.
And they aren't starting now.
Because once you outlaw something, you just make it more desirable—it's been proven a thousand times over.

Anthony Evans78 said:Here’s my take on the whole thing.
Think about everything the government has ever tried to ban... did they actually succeed?
They didn't.
And they aren't starting now.
Because once you outlaw something, you just make it more desirable—it's been proven a thousand times over.

I guess I agree, though it really depends on the person. Like, if someone doesn't have huge savings and isn't worried about what the next three generations inherit, they probably just care about short-term cash flow. If you can't legally sell your gold to buy a house, it might not be much help to them. On the other hand, maybe for someone sitting on billions who doesn't need liquid cash, gold is likely still the best way to handle taxes, stay anonymous, and pass wealth down through the family.

It’s probably not going to happen that everyone in the world suddenly "bans" gold overnight, but if things start moving, I wonder how supply, demand, and the black market will react.

So much has been passed off as an anti-terrorism crusade up until now...
At the end of the day, you can always trade your gold for a Walmart gift card... 😁

Sent from my iPhone 13 using Reddit

Nathan Morris3 said:I guess I agree, though it really depends on the person. Like, if someone doesn't have huge savings and isn't worried about what the next three generations inherit, they probably just care about short-term cash flow. If you can't legally sell your gold to buy a house, it might not be much help to them. On the other hand, maybe for someone sitting on billions who doesn't need liquid cash, gold is likely still the best way to handle taxes, stay anonymous, and pass wealth down through the family.

It’s probably not going to happen that everyone in the world suddenly "bans" gold overnight, but if things start moving, I wonder how supply, demand, and the black market will react.

Gold is money, plain and simple, and like all money, it is incredibly liquid. In the States, it's essentially seen as the ultimate "tax haven."

Amanda Allen4 said:Gold is money, plain and simple, and like all money, it is incredibly liquid. In the States, it's essentially seen as the ultimate "tax haven."

You're posting a "promo" article here (just look at the URL), which seems pretty biased. I mean, there are tons of countries that fit that "haven" description for gold, so maybe don't take everything you read in the news at face value.
Besides, I guess I'm talking about a situation where both gold and cash get outlawed—maybe in 5 or 10 years—so then even liquidity becomes a bit questionable.

Nathan Morris3 said:You're posting a "promo" article here (just look at the URL), which seems pretty biased. I mean, there are tons of countries that fit that "haven" description for gold, so maybe don't take everything you read in the news at face value.
Besides, I guess I'm talking about a situation where both gold and cash get outlawed—maybe in 5 or 10 years—so then even liquidity becomes a bit questionable.

The article might be "promo," sure, but that doesn't make it inaccurate. Regarding the legality of usage? It is an absolute fact that a government can ban the possession of gold (certainly not the first time this has happened in history)—but that logic applies to any form of money, including your own! Look at India: they have specific currency denominations that are illegal there. If a government wants to outlaw cash entirely, they can.

So, I suggest you go back and read my signature one more time. 😁