Read The Forum Rules: We have a clear set of rules to keep the forum running smoothly. Click here to review them.

Poll: Do you own physical Gold or Silver or Both?
I own physical Gold
I own physical Silver
I own Both
I own neither
I only own paper metals
[Show Results]
 
Post Reply 
Do you own physical Gold or Silver or Both?
Author Message
PixelFree Offline
Woodpecker
**

Posts: 358
Joined: Sep 2017
Reputation: 11
Post: #451
RE: Do you own physical Gold or Silver or Both?
Also, I think it's the right time to re-watch this (from 2016):





It's spelling out the scenario we are going through right now with eery accuracy.

They just announced 'double welfare' in Australia.
03-22-2020 12:05 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 3 users Like PixelFree's post:
MichaelWitcoff, Syberpunk, Tail Gunner
NoMoreTO Offline
Pelican
****

Posts: 1,189
Joined: Jan 2018
Reputation: 17
Post: #452
RE: Do you own physical Gold or Silver or Both?
Well I agree some of the steps and pieces are threre, but its hard to say when a bubble will pop, and not every bubble pops. This is the difficulty about FIAT currency, but I Agree that eventually it will surely fall.

The Fed is buying up Muni Bonds, Trump spoke strongly about not buying equities today, but at the same time they are going to try and make it rain and pay everyone for nothing.

I think we are heading to negative interest rates. Its a strange place to be, but I don't think we are quite at a US Currency collapse yet. Still I'm long on Prec. Metals and out of Market.

I think we are heading for Negative Interest Rates. Its a strange thing to imagine but I think that is where we are going. They will try and create a digital currency 'eCurrency' which will devalue. It'll be interesting to see if they try this.




For professing themselves to be wise, they became fools. Rom 1:22
(This post was last modified: 03-22-2020 01:14 AM by NoMoreTO.)
03-22-2020 01:11 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes NoMoreTO's post:
oilbreh
Polniy_Sostav Offline
Pelican
****

Posts: 1,094
Joined: Apr 2017
Reputation: 20
Post: #453
RE: Do you own physical Gold or Silver or Both?
So , you would recommend me to get some gold / silver if possible ? I have enough cash at the moment , but looking for a way to "liquidate" the little money i have in bank.

I am even worried that the sale of physical gold/silver from dealers will be forced to close after the economical reset
03-22-2020 09:49 AM
Find all posts by this user Like Post Quote this message in a reply
NoMoreTO Offline
Pelican
****

Posts: 1,189
Joined: Jan 2018
Reputation: 17
Post: #454
RE: Do you own physical Gold or Silver or Both?
(03-22-2020 09:49 AM)Polniy_Sostav Wrote:  So , you would recommend me to get some gold / silver if possible ? I have enough cash at the moment , but looking for a way to "liquidate" the little money i have in bank.

I am even worried that the sale of physical gold/silver from dealers will be forced to close after the economical reset

If you're planning for the worst I definitely think there is a place for a few rolls of silver coins.

You can imagine if the economic system of paper money starts to unwind there will be a true run on precious metals. Even now people are looking for them, but imagine the line up. The truth is there won't be enough physical metals to circulate for the demand.

I went for some 10oz bullion through a local dealer. It will take 15 - 60 days for it to actually come in as it is on order.

For professing themselves to be wise, they became fools. Rom 1:22
(This post was last modified: 03-22-2020 10:05 AM by NoMoreTO.)
03-22-2020 10:04 AM
Find all posts by this user Like Post Quote this message in a reply
Polniy_Sostav Offline
Pelican
****

Posts: 1,094
Joined: Apr 2017
Reputation: 20
Post: #455
RE: Do you own physical Gold or Silver or Both?
(03-22-2020 10:04 AM)NoMoreTO Wrote:  
(03-22-2020 09:49 AM)Polniy_Sostav Wrote:  So , you would recommend me to get some gold / silver if possible ? I have enough cash at the moment , but looking for a way to "liquidate" the little money i have in bank.

I am even worried that the sale of physical gold/silver from dealers will be forced to close after the economical reset

If you're planning for the worst I definitely think there is a place for a few rolls of silver coins.

You can imagine if the economic system of paper money starts to unwind there will be a true run on precious metals. Even now people are looking for them, but imagine the line up. The truth is there won't be enough physical metals to circulate for the demand.

I went for some 10oz bullion through a local dealer. It will take 15 - 60 days for it to actually come in as it is on order.

I am ok to wait for the physical order once the post will be reopened. I just do not want to buy when prices will have gone through the roof.
I think a bank run is very possible in many countries in the world - or the state confiscating some money in people's accounts.
03-22-2020 10:24 AM
Find all posts by this user Like Post Quote this message in a reply
Arado Offline
Kingfisher
***
Gold Member

Posts: 989
Joined: Aug 2009
Reputation: 21
Post: #456
RE: Do you own physical Gold or Silver or Both?
(03-20-2020 01:19 PM)Tail Gunner Wrote:  
(03-19-2020 11:03 PM)Tail Gunner Wrote:  In the end, fundamental analysis always trumps technical analysis, but this is certainly something to ponder. He obviously expects massive deflation. It is well worth reading the entire article to be fully informed. This chart is far more legible in the article. Yes, this monthly chart shows gold possibly going to $830 by 2024.

Massive deflation? This just might do the trick:

Quote:The U.S. Economy Could Contract by 24% Next Quarter, Goldman Sachs Says
By Alexandra Scaggs
March 20, 2020 10:08 am ET

Goldman Sachs is now projecting a massive U.S. economic contraction in the second quarter of the year.

The bank is forecasting a 24% decline in economic activity next quarter, compared to their previous forecast for a 5% decline. That’s because U.S. economic data (specifically manufacturing data) have already started to miss economist estimates, even before Americans started to stay home to avoid spreading the coronavirus.

Their estimate, published Friday morning, is one of the most pessimistic on Wall Street. J.P. Morgan released estimates Wednesday that predicted a 14% contraction in second-quarter U.S. growth.

If Goldman’s economists are right, that means the U.S. is approaching the sharpest single-quarter decline in gross domestic product since the U.S. started measuring GDP in its current form. The current record for the largest quarterly slowdown was in the first quarter of 1958, the bank says, when GDP declined 10%.

https://www.barrons.com/articles/u-s-eco...1584713292

But wouldn't that mean that given Fed printing there is a larger money supply chasing a smaller set of goods and services?

It also depends on money velocity. People will be eager to spend their money on necessary consumer goods (food, medicine, supplies, etc) less so on assets (real estate, equities, etc) and much less so on luxury goods (vacations, yachts, fancy cars).

So, prices will crash in some industries and skyrocket in others - even though this is both a negative demand and supply shock, the demand for necessary consumer goods is relatively inelastic and would likely see much higher prices post printing than luxury goods.

The question is will gold be viewed as an asset or a necessary good? In terms of gold, the price of luxury goods will go down but your gold may not necessarily buy you more vitamin C or canned chicken than it does now.
03-22-2020 03:06 PM
Find all posts by this user Like Post Quote this message in a reply
NoMoreTO Offline
Pelican
****

Posts: 1,189
Joined: Jan 2018
Reputation: 17
Post: #457
RE: Do you own physical Gold or Silver or Both?
(03-22-2020 03:06 PM)Arado Wrote:  The question is will gold be viewed as an asset or a necessary good? In terms of gold, the price of luxury goods will go down but your gold may not necessarily buy you more vitamin C or canned chicken than it does now.

Gold has a very long history as a currency and store of value. Gold will always have value. Yes, if you are starving you will take a meal over an ounce of Gold, but this doesn't invalidate Golds value.

For instance, you might be starving, but your Tactical Shot gun won't help you eat either. You could buy up all the Vitamin C or Canned Chicken, but my guess is you've already done that to some extent. Or it is sold out. Physial Gold and Silver are seeing a similar run. Rather than wonder why the crazy people are buying the hand sanitzer (Physical precious metals) consider getting some now.

Where physical Gold or Silver come into play is exactly here. Gold in theory, will be able to get you Food OR a Tactical Shotgun. What gold does is eliminate Barter and provide double coincidence of wants. This is the doomsday scenario, but I think worthwhile to think through. A few rolls of silver dollars or some 10oz bars is not a bad idea.

The other area where the store of value of Gold/Silver other Precious Metals come into play is as a store of value. When they print money, the value of the money will go down, due to increased supply with equal amounts of Gold, Silver, Land, or Even Consumer Products in circulation. You might think that your Silver is going up in value. But it is the true store of value, the truth is your paper money is just deflating.

For professing themselves to be wise, they became fools. Rom 1:22
(This post was last modified: 03-22-2020 10:56 PM by NoMoreTO.)
03-22-2020 10:54 PM
Find all posts by this user Like Post Quote this message in a reply
Arado Offline
Kingfisher
***
Gold Member

Posts: 989
Joined: Aug 2009
Reputation: 21
Post: #458
RE: Do you own physical Gold or Silver or Both?
(03-22-2020 10:54 PM)NoMoreTO Wrote:  
(03-22-2020 03:06 PM)Arado Wrote:  The question is will gold be viewed as an asset or a necessary good? In terms of gold, the price of luxury goods will go down but your gold may not necessarily buy you more vitamin C or canned chicken than it does now.

Gold has a very long history as a currency and store of value. Gold will always have value. Yes, if you are starving you will take a meal over an ounce of Gold, but this doesn't invalidate Golds value.

For instance, you might be starving, but your Tactical Shot gun won't help you eat either. You could buy up all the Vitamin C or Canned Chicken, but my guess is you've already done that to some extent. Or it is sold out. Physial Gold and Silver are seeing a similar run. Rather than wonder why the crazy people are buying the hand sanitzer (Physical precious metals) consider getting some now.

Where physical Gold or Silver come into play is exactly here. Gold in theory, will be able to get you Food OR a Tactical Shotgun. What gold does is eliminate Barter and provide double coincidence of wants. This is the doomsday scenario, but I think worthwhile to think through. A few rolls of silver dollars or some 10oz bars is not a bad idea.

The other area where the store of value of Gold/Silver other Precious Metals come into play is as a store of value. When they print money, the value of the money will go down, due to increased supply with equal amounts of Gold, Silver, Land, or Even Consumer Products in circulation. You might think that your Silver is going up in value. But it is the true store of value, the truth is your paper money is just deflating.

Not at all disagreeing on the overall value of gold in a post currency collapse world. My main point was rather how does the purchasing power of gold move in a world in which there is deflation and inflation occurring simultaneously, but in different sectors?

The overall purchasing power of gold will remain stable or will increase as faith in fiat collapses (as its supply is limited by the manpower, energy, and innovation needed to mine more of it) however how certain goods are priced in gold will be extremely volatile looking 6 months out from here.

Silver will be going up as well (in fiat terms) but will have a different dynamic vs gold since it's also used in industry.
03-23-2020 06:41 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Arado's post:
NoMoreTO
NoMoreTO Offline
Pelican
****

Posts: 1,189
Joined: Jan 2018
Reputation: 17
Post: #459
RE: Do you own physical Gold or Silver or Both?
I am betting hard on silver. To me it seems like the investment. I am hesitant about saying how its all gonna come crashing down, but when they inflate money like this, how can Silver and Gold not be a safe harbour. Historical Gap between Silver and Gold right now!

I don't care if this guy does his videos from a car with the ceiling falling down, he is my kind of guy.



For professing themselves to be wise, they became fools. Rom 1:22
(This post was last modified: 03-23-2020 10:18 PM by NoMoreTO.)
03-23-2020 10:12 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes NoMoreTO's post:
Syberpunk
redbeard Online
Hummingbird
*****
Gold Member

Posts: 3,036
Joined: Jan 2014
Reputation: 72
Post: #460
RE: Do you own physical Gold or Silver or Both?
Gold/silver starter portfolio is still available here:

https://www.moneymetals.com/starter-kit-...-price/176

3 week delay but might help anyone who's looking to scoop some up

"Every saint has a past, every sinner a future."
03-24-2020 07:47 AM
Find all posts by this user Like Post Quote this message in a reply
NoMoreTO Offline
Pelican
****

Posts: 1,189
Joined: Jan 2018
Reputation: 17
Post: #461
RE: Do you own physical Gold or Silver or Both?
I am finding that when the market goes up, my paper silver is getting about 75% of that overall gain, and when the market goes down taking about 25% of that hit. Its a good ratio so far. Still I'm worried in case of full market tank my silver will still be in the red.

Waiting on my physical on order at the moment.

For professing themselves to be wise, they became fools. Rom 1:22
(This post was last modified: 03-27-2020 09:13 AM by NoMoreTO.)
03-27-2020 09:12 AM
Find all posts by this user Like Post Quote this message in a reply
Polniy_Sostav Offline
Pelican
****

Posts: 1,094
Joined: Apr 2017
Reputation: 20
Post: #462
RE: Do you own physical Gold or Silver or Both?
The inevitable moment where paper gold and paper silver will dissociate from the real gold price is coming.
Just look at premiums right now for the main coins...
Of course there is no supply for modern stuff but all the numismatics bullions are out of stock or with at least 10% premium now ( Vreneli and napoleon) - or 5% for 50pesos , belgian leopold II , Dutch 10 gulden etc)

Even the Krugerrand takes 10%.
03-27-2020 09:51 AM
Find all posts by this user Like Post Quote this message in a reply
NoMoreTO Offline
Pelican
****

Posts: 1,189
Joined: Jan 2018
Reputation: 17
Post: #463
RE: Do you own physical Gold or Silver or Both?
Eventually the demand for physical silver should translate over to the demand for paper silver. People will buy the paper silver because they can not get their hands on the physical, with the hopes of eventual delivery (this is me).

I suppose the enlarged premium is defined as the lag in delivery due to demand. This might just get larger and larger, as time moves on. It could become +50% for physical delivery. If the normies start coming for silver or gold things will go haywire.

For professing themselves to be wise, they became fools. Rom 1:22
03-27-2020 11:24 AM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 2 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication