Buy a tiny bit of gold FIRST

[Robert W]

I don't see what this has to do with Biden going against the Constitution.

Well, I do not have time this instant to show you the constitution. Biden spends an alarming amount in time in court that rules Biden did not comply with the constitution.

https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf

 

[frigidweirdo]

Well, I do not have time this instant to show you the constitution. Biden spends an alarming amount in time in court that rules Biden did not comply with the constitution.

https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf

And is this just the way the Supreme Court chooses to interpret/reinterpret the Constitution (it's always being reinterpreted) or is it a flagrant ignoring of the Constitution?

 

[the other mike]

Precious metals is a sucker's bet.

Gold was steady for decades at $300 an oz.

Just over 20 years ago you could get a 24 k gold chain for $500 that is worth $5000 now.

The wealthy insider speculators pre 9/11 _Iraq war ....are the only ones really getting rich on gold.

If I recall , gold shot from $300 an oz to $1700
under W.

 

[Robert W]

Physical gold is a hedge on inflation. The value increases as inflated currency value decreases. It is also a limited quantity that appreciates in most cases. It is worth roughly 62 times what it was worth in 1972. It is a stable investment.

Frankly all I can say is you have been warned. Expect a discount offer for your gold of about 10 percent. Also when they tell you no, they do not take gold, then what?

 

[Robert W]

And is this just the way the Supreme Court chooses to interpret/reinterpret the Constitution (it's always being reinterpreted) or is it a flagrant ignoring of the Constitution?

Most decisions by them stick. Some like Roe v. Wade were decided on flawed basis. The SC is not a legislative body as they operated like back in Roe v. Wade.

 

[frigidweirdo]

Most decisions by them stick. Some like Roe v. Wade were decided on flawed basis. The SC is not a legislative body as they operated like back in Roe v. Wade.

Well, the problem is that it is what it is. You can say Roe v. Wade or any other case is flawed, but it becomes the official interpretation until someone in Congress decides to change things, or the Supreme Court changes.

 

[Concerned American]

Frankly all I can say is you have been warned. Expect a discount offer for your gold of about 10 percent. Also when they tell you no, they do not take gold, then what?

Do you understand what an investment is? If you want to barter with something, lead works best.

 

[PapaStalin420]

Gold is an investment everyone does it. Pawn it when you're done or sell back to a bank. Use as collateral or keep till retirement.

 

[Orangecat]

Gold, pork bellies, toilet paper.
The basic rule is still the same: buy low, sell high.

 

[DudleySmith]

Gold never stopped being the most stable international currency, as it has been for thousands of years.

 

[the other mike]

Gold is an investment everyone does it. Pawn it when you're done or sell back to a bank. Use as collateral or keep till retirement.

View attachment 846619

Is that gold mostly in Fort Knox
or buried in a Dubai sand dune ?

When was the last time we audited Fort Knox over 60 years ago?

 

[PapaStalin420]

Is that gold mostly in Fort Knox
or buried in a Dubai sand dune ?

When was the last time we audited Fort Knox over 60 years ago?

View attachment 846801

The gold is stored at Fort Knox and other vaults around the country I would assume. It is a tangible asset that acts as a hedge to maintain the wealth of a nation. Can be abstracted into real terms relatively easily to find out some economic principle. Canada for example does not have much gold reserve although Canada possesses large reserves underground which has attracted the attention and interest of China who is expanding her gold reserves. It is important to note that gold itself can never be burned or destroyed. So, people buy/sell gold. It's tradable and of speculative monetary interest to individuals/banks/states. Can also act as a currency in certain countries like SA.

 

[the other mike]

The gold is stored at Fort Knox and other vaults around the country I would assume. It is a tangible asset that acts as a hedge to maintain the wealth of a nation. Can be abstracted into real terms relatively easily to find out some economic principle. Canada for example does not have much gold reserve although Canada possesses large reserves underground which has attracted the attention and interest of China who is expanding her gold reserves. It is important to note that gold itself can never be burned or destroyed. So, people buy/sell gold. It's tradable and of speculative monetary interest to individuals/banks/states. Can also act as a currency in certain countries like SA.

View attachment 846860

I'm guessing a substantial amount of gold is hidden in the Vatican and other places we're generally unaware of. Japan and China, Great Britain, France and Saudi Arabia and Russia have all been stocking up while we're wasting trillions in the Middle East Wars

 

[PapaStalin420]

I'm guessing a substantial amount of gold is hidden in the Vatican and other places we're generally unaware of. Japan and China, Great Britain, France and Saudi Arabia and Russia have all been stocking up while we're wasting trillions in the Middle East Wars

Possibly some interest overseas pertaining to Gold or reserves in general; a matter for the Treasury.

Status Report of US Treasury Gold Reserve Reserve 2021

 

[Couchpotato]

Thanks for validating why nobody should stock up on gold. It is only for insurance. So what insurance firm can you sell it to?

It’s a hedge against inflation ya dope.

An Oz of gold is worth essentially the same today as it was 100 years ago. A dollar isn’t.

 

[Couchpotato]

Yes, though the problem is some things might stop being worth something. Everything is a risk. Diamonds.... they're creating fake diamonds now, and we can go to space and maybe mine diamonds... both could, potentially, crash the market. Same with gold, same with whiskey.

Space whiskey?

 

[Robert W]

It’s a hedge against inflation ya dope.

An Oz of gold is worth essentially the same today as it was 100 years ago. A dollar isn’t.

Then why would dealers sell gold?

 

[Robert W]

It’s a hedge against inflation ya dope.

An Oz of gold is worth essentially the same today as it was 100 years ago. A dollar isn’t.

Are you fries or mashed?

 

[Concerned American]

Then why would dealers sell gold?

Think of it this way. One hundred years ago, you could buy a Ford for 23.5 oz of gold or $750 USD. Today you can buy a Ford for 23.5 oz of gold or $42,300 (about what you could sell it to a dealer for). Make sense now?

 

[The Duke]

Gold never stopped being the most stable international currency, as it has been for thousands of years.

But OP knows better..

Because..Ok, well idk why.