Buy a tiny bit of gold FIRST

[Concerned American]

If you hand any bank a 100 dollar bill, they will return the full amount to you in change as you wish. If you hand them gold, do you truly think they will accept it at all?

Banks are good for convenience. Nothing more.

 

[Robert W]

Banks are good for convenience. Nothing more.

A no in my book.

 

[Picaro]

If you hand any bank a 100 dollar bill, they will return the full amount to you in change as you wish. If you hand them gold, do you truly think they will accept it at all?

Actually my banker loans me cash using mine as collateral all the time. I can sell at least 3 kilos any number of places or to individuals around here within 30 minutes. If I knew no one at all, and no gold dealers around, I could just find an Indian, Chinese, or Korean store owner or motel owner and get offers.

 

[Robert W]

Actually my banker loans me cash using mine as collateral all the time. I can sell at least 3 kilos any number of places or to individuals around here within 30 minutes. If I knew no one at all, and no gold dealers around, I could just find an Indian, Chinese, or Korean store owner or motel owner and get offers.

Compare that to you having cash.

 

[Picaro]

Compare that to you having cash.

Cash doesn't appreciate, which is why gold is a hedge. I still go by the gold standard in my personal finances. Works very well.

 

[luiza]

Gold up around 35% so far this year and a shed extra to come in the last quarter .
Dollar falling like a stone and about to be fully dumped by the fast expanding BRICS community .

Who wants any $US when its backer is bankrupt?

 

[luiza]

Effectively a 4 minute video featuring Jeffrey Christian who is ultra sound .
Sure , he is dry and very conservative .But has he ever been wrong?

He points out that the last few days for Silver and Gold have been about profit taking and consolidation .
But he says the fall- back is small and likely to be very short lived.
The Buying opportunity is in a small window so get in fast .

It is fairly obvious advice for seasoned traders but it is always great to have someone like Jeffrey holding the same opinion .

You will pay for Xmas many times over if you move quick .
imho .

 

[luiza]

If you followed those who know , you would have come in, or come in for more, around 2605 or just lower and already be seeing the back of the pull back .

Showing 2630 plus already but that should be peanuts by the end of the year let alone at the end of the first quarter of next year .

 

[luiza]

Closed on the week at 2657
Recommended at 2605 way less than two days ago .
Profit around $50 an oz . Just under $900 a kilo

Now let's get down to some serious money making.

 

[crossbody]

The bank made our new "tap" debit card look like a bar of gold.

 

[crossbody]

Information on buying gold is so hidden that its a red flag to go near buying it.

You can actually buy an IRA (Roth IRA) much easier than buying gold.

 

[luiza]

Information on buying gold is so hidden that its a red flag to go near buying it.

You can actually buy an IRA (Roth IRA) much easier than buying gold.

Don't understand .The whole world is advertising Gold for Sale .

I actually buy all my Gold -- mainly Sovereigns --- at very favourable discounts versus spot prices at public auctions .

I can trade gold by telephone by just picking up the phone or trading on line through my existing accounts .
If I wanted physical gold delivery I use someone like Bullion Vault who will deliver the following day FOC . Possibly Kitko in Merica .

Since my last few bullish posts I have been catching up with a handful of world specialists .
All remain as bullish as everybody has been all of this year .
It will sail past 3000 , and after that , it is anybodies guess .
But the Sky is the limit with 100% assent

However, right now there could be a pull back for short term technical reasons .
Too complicated and detailed for here .
BUT if it happens , do not panic .
It will be technical consolidation and it will not last long .
Watch closely and Buy on the Dip .
Imho as ever . And good hunting .

 

[Lisa558]

How many ADS tell you to buy gold? Using what? Dollars of course. So to the seller of gold, dollars are more valuable than their gold. Why else would they sell you GOLD.

But for the hell of it, if you want to experiment, buy a small bar. Take it with you to shop. Try to hand it to the clerk. The Clerk won't take it. And that my friends is why not to buy gold. You sell gold at a loss. The buyers discount the price. Ask them if you doubt this. I learned this years ago from a Coin Dealer who sold precious metals. My oldest daughter wanted gold. I got gold for her. She never was able to use it at stores. And the dealer took it back after his discount. Some want us back on the Gold standard. Why when you get rid of it at a discount?

I bought a small amount of gold (less than 5% of my portfolio) as insurance in case Kamala wins and the stock market drops.

The company I bought it from will buy it back at whatever the current melt value is.

 

[Lisa558]

Information on buying gold is so hidden that its a red flag to go near buying it.

You can actually buy an IRA (Roth IRA) much easier than buying gold.

Yes, it was a more complicated process than I anticipated, but I like the hedge. In any event, it was a small amount of my overall portfolio.

 

[Lisa558]

If you hand any bank a 100 dollar bill, they will return the full amount to you in change as you wish. If you hand them gold, do you truly think they will accept it at all?

You can sell to any gold dealer. I know one who pays 95% of the melt value.

 

[Robert W]

You can sell to any gold dealer. I know one who pays 95% of the melt value.

There is that but let's not ignore the costs. Travel to a dealer or shipping costs. Probably insurance costs due to shipping. Compare to getting cash paid to you by any store.

 

[Robert W]

I bought a small amount of gold (less than 5% of my portfolio) as insurance in case Kamala wins and the stock market drops.

The company I bought it from will buy it back at whatever the current melt value is.

And you will get dollars in return after they deduct the selling fee.
It is not my mission to stop buying gold. But also learn the actual costs when you do.

If you buy now for say $2,000 per oz, and sell for $3,000 per oz, you won big. Should the price fall, as it has in the past, a huge loss.

 

[Lisa558]

There is that but let's not ignore the costs. Travel to a dealer or shipping costs. Probably insurance costs due to shipping. Compare to getting cash paid to you by any store.

No, the gold dealer is a 15-minute drive from my house.

 

[Lisa558]

And you will get dollars in return after they deduct the selling fee.
It is not my mission to stop buying gold. But also learn the actual costs when you do.

If you buy now for say $2,000 per oz, and sell for $3,000 per oz, you won big. Should the price fall, as it has in the past, a huge loss.

That’s why I hedged with just 5% of my portfolio. If Harris wins and declares war on corporations and stock values crash, my gold will go up.

If Trump wins, as I pray, and stock go up, then the gold will likely go down. Even so, I’m way ahead.

 

[Robert W]

That’s why I hedged with just 5% of my portfolio. If Harris wins and declares war on corporations and stock values crash, my gold will go up.

If Trump wins, as I pray, and stock go up, then the gold will likely go down. Even so, I’m way ahead.

I believe Trump will regain his rightful job as President. I have to admit, he was featured on the Fox Harris Faulkner report and he managed to tick me off by stuff he said. He gave the media more ammo to use against him. Harris is a dump and never should be running.