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PSA - Gold and Silver at Spot Price
Posted on 5/13/24 at 2:47 pm
Posted on 5/13/24 at 2:47 pm
Meant to post this earlier today, but got busy …. anyway:
Only for those of you interested in acquiring physical gold and silver. Pretty rare that you can pick these up from a very reputable dealer with zero premium added.
APMEX is running a special now that offers selected gold and silver bullion, both coins and bars, at Spot Price with no premium added …. While supplies last.
Keep on stacking
www.apmex.com
Only for those of you interested in acquiring physical gold and silver. Pretty rare that you can pick these up from a very reputable dealer with zero premium added.
APMEX is running a special now that offers selected gold and silver bullion, both coins and bars, at Spot Price with no premium added …. While supplies last.
Keep on stacking
www.apmex.com
This post was edited on 5/13/24 at 2:49 pm
4
Posted on 5/13/24 at 4:00 pm to cadillacattack
Ive been checking daily for the past 2 weeks. I have some Morgan bars that I am about to get rid of
Sold
Sold
This post was edited on 5/17/24 at 3:38 pm
Posted on 5/13/24 at 9:12 pm to sonoma8
Ever wonder why that is? No buyers. Only sellers. Gold and silver MAY double by 2030, but it is no longer even a good store of value, relatively speaking.
Posted on 5/13/24 at 9:15 pm to cadillacattack
I'd sell my ~100oz of silver if someone wanted to buy it at spot. Win/win for both of us not having to deal with the premium/discount
Posted on 5/14/24 at 4:30 am to oneg8rh8r
Silver is worthless junk.
Posted on 5/14/24 at 7:28 am to oneg8rh8r
quote:
Ever wonder why that is? No buyers. Only sellers. Gold and silver MAY double by 2030, but it is no longer even a good store of value, relatively speaking.
If you don’t mind, can you give me more opinion on gold and silver and how it may double, yet not be a good store?
I’m under the false impression that it was a good idea to at least have some.
Posted on 5/14/24 at 10:05 am to TigerTatorTots
Email me at wuuuxuuu@gmail.com im possibly interested in something like that depending on what kind you have. (In response to the above post looking to unload around 100OZ of silver)
This post was edited on 5/14/24 at 10:06 am
Posted on 5/14/24 at 12:47 pm to tigersint
Ygm
Posted on 5/14/24 at 2:53 pm to cadillacattack
quote:Don't see them at spot. Are they "sold out?"
Meant to post this earlier today, but got busy …. anyway:
Only for those of you interested in acquiring physical gold and silver. Pretty rare that you can pick these up from a very reputable dealer with zero premium added.
APMEX is running a special now that offers selected gold and silver bullion, both coins and bars, at Spot Price with no premium added …. While supplies last.
Keep on stacking
www.apmex.com
Posted on 5/15/24 at 2:25 am to dstone12
I have lots of friends that are stackers and holders of bullion. NONE of them do it as an investment, it is simply a store of value for them. If it happens to go up, great, but that was never the expectation.......they all say that if INVESTING is what you are after, just about ANYTHING is a better investment.
I could see silver doubling as it really does have everyday applications and is used in electronics a lot.
I'd be out of cash and into ETF's of the sector you think is going somewhere. I don't see a world without semiconductors.......so I have SOXL, 3x leveraged and got in near the bottom for that very reason.
I was reluctant to buy Bitcoin, until Feb when I saw who was buying and how much. Blackrock, Fidelity, individual countries, etc. don't load up on bitcoin for no reason. I started DCA that and will from here on out.
I could see silver doubling as it really does have everyday applications and is used in electronics a lot.
I'd be out of cash and into ETF's of the sector you think is going somewhere. I don't see a world without semiconductors.......so I have SOXL, 3x leveraged and got in near the bottom for that very reason.
I was reluctant to buy Bitcoin, until Feb when I saw who was buying and how much. Blackrock, Fidelity, individual countries, etc. don't load up on bitcoin for no reason. I started DCA that and will from here on out.
Posted on 5/15/24 at 9:56 am to TigerTatorTots
quote:Just did an inventory, I have:
I'd sell my ~100oz of silver if someone wanted to buy it at spot. Win/win for both of us not having to deal with the premium/discount
30 1oz silver bars
2 10oz silver bars
15 buffalo silver rounds
15 eagle replica rounds
60 American silver eagles
For those that are interested
Posted on 5/15/24 at 3:02 pm to oneg8rh8r
quote:.
Ever wonder why that is? No buyers. Only sellers. Gold and silver MAY double by 2030, but it is no longer even a good store of value, relatively speaking.
Yeah, 8% annually over the last sixty years sucketh
Posted on 5/16/24 at 1:09 am to OccamsStubble
I said MAY double, but probably HIGHLY unlikely.
Ask anyone and everyone, people have stopped buying, started selling and are testing the waters of Bitcoin.
Remember, Gold, Silver, etc.....are all still being mined and the supply is not that hard to get to, they are simply rationing the rate at which they do. We just found another gold deposit a yr ago that is almost as large as all the gold we have ever excavated, it is not rare.
Ask anyone and everyone, people have stopped buying, started selling and are testing the waters of Bitcoin.
Remember, Gold, Silver, etc.....are all still being mined and the supply is not that hard to get to, they are simply rationing the rate at which they do. We just found another gold deposit a yr ago that is almost as large as all the gold we have ever excavated, it is not rare.
Posted on 5/16/24 at 6:25 am to oneg8rh8r
So history shows me a 60 year trend, and I should reject it going forward because some Seminole fan says to, and the logic is because it isn’t rare, even though all the gold ever discovered wouldn’t fill four Olympic size pools. Ok, I’m selling now.
Posted on 5/16/24 at 6:42 am to OccamsStubble
Gold is around 5% CAGR over the last 50 years, no?
Posted on 5/16/24 at 6:56 am to slackster
Don’t know about 50, here’s 53.
When Nixon announced that the USA was no longer redeeming gold for dollars on 15 August, 1971, the government had been exchanging gold for dollars at $35.00 an ounce and the LBMA price of gold was approximately $43.00. As of 11 May, 2024, the current market price of gold is approximately $2,365.00 an ounce.
Over this period using the LBMA price of gold, it has compounded annually at a rate of :
(2,365÷43.00)^(1÷52.737704918) = 1.0789475903 or compounded at approximately 7.89% per annum for approximately 52.74 years as of 11 May, 2024, or to state it another way, the dollar has lost (1-(43.00÷2,365.00)) = .9818181818 or approximately 98.18% of its value against gold.
A compounded annual rate of approximately 7.89% for approximately 52.74 years is not too bad for a pet rock or a barbarous relic.
Future value is more likely to be impacted by the fact that for every 1 oz gold held by humans, above ground, Wall Street and others have sold 400 oz of ‘paper gold’, contracts for gold which ‘we promise is underground and we promise we will get it out for you and we promise we can do that at a profit’. Sooner or later there will be a divergence between real gold and this ‘bitcoin gold’. Even when we KNOW where gold is, such as the enormous find in Alaska, that doesn’t mean it’s available. Pebble Mine is and will be dead for decades.
When Nixon announced that the USA was no longer redeeming gold for dollars on 15 August, 1971, the government had been exchanging gold for dollars at $35.00 an ounce and the LBMA price of gold was approximately $43.00. As of 11 May, 2024, the current market price of gold is approximately $2,365.00 an ounce.
Over this period using the LBMA price of gold, it has compounded annually at a rate of :
(2,365÷43.00)^(1÷52.737704918) = 1.0789475903 or compounded at approximately 7.89% per annum for approximately 52.74 years as of 11 May, 2024, or to state it another way, the dollar has lost (1-(43.00÷2,365.00)) = .9818181818 or approximately 98.18% of its value against gold.
A compounded annual rate of approximately 7.89% for approximately 52.74 years is not too bad for a pet rock or a barbarous relic.
Future value is more likely to be impacted by the fact that for every 1 oz gold held by humans, above ground, Wall Street and others have sold 400 oz of ‘paper gold’, contracts for gold which ‘we promise is underground and we promise we will get it out for you and we promise we can do that at a profit’. Sooner or later there will be a divergence between real gold and this ‘bitcoin gold’. Even when we KNOW where gold is, such as the enormous find in Alaska, that doesn’t mean it’s available. Pebble Mine is and will be dead for decades.
Posted on 5/16/24 at 9:23 am to OccamsStubble
Thanks.
Posted on 5/17/24 at 4:06 pm to TigerTatorTots
Do you still have this? Id like to buy
Posted on 5/17/24 at 5:41 pm to OccamsStubble
Michael Burry moving heavily in to PHYS - Sprott Physical Gold Trust
quote:
Michael Burry, known for his successful bets during the 2008 financial crisis, has found a clever arbitrage opportunity in a physical gold ETF.
Burry's positions are in the Sprott Physical Gold Trust, which allows investors to take delivery of the gold if they buy enough. Burry bought for a discount and now can sell for close to NAV thanks to the publicity from his 13-F - if he didn't already take delivery.
Gold is a good hedge against potential U.S. election chaos and geopolitical tension.
LINK
Posted on 5/17/24 at 6:56 pm to LChama
Shoot me an email - tigertatortots @ gmail
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