Buy a tiny bit of gold FIRST

I worked in the alcohol industry for 33 years. You've got serious competition. Alcohol will always sell--but not necessarily high end. The high end stuff will sell when times are good as people celebrate their good fortune---not so much when things go south and people are looking to drown their sorrows. Large corporations will hold steady, making things very difficult for the hobby merchants.
If the shit really hits the fan, and life becomes like a mad Max movie, I will be able to barter alcohol for whatever I need. If that doesn't happen before I die, my daughter will be surprised to inherit several cases of lack Daniels, cheap vodka, and other assorted bottles of booze. In that way it's a win-win situation.
 
If the shit really hits the fan, and life becomes like a mad Max movie, I will be able to barter alcohol for whatever I need. If that doesn't happen before I die, my daughter will be surprised to inherit several cases of lack Daniels, cheap vodka, and other assorted bottles of booze. In that way it's a win-win situation.
Don't you accept that Precious Metals have the same advantages and will replace fiat currency for barter ?

The benefits of PMs are that in principle they appeal to everybody , which Booze does not , and they are nuch more easily stored safely .

You could carry 300 Gold Sovereigns easily in one pocket , for example , and that is conservatively $150,000 now .
But just one bottle , if you are lucky .
 
We are edging toward 2400 again for Gold and psychologically that can then run to 2500 with the right background news propelling it .
I wonder what effect the imminent Bitcoin halving will have ? If any .
The price went up to $2429 last evening on the news of the Iranian explosion. The world markets tanked on that same news.
 
It's not Biden's fault there'll be a crash. Crashes happened systematically because everyone in politics is on a short term goal, get re-elected, look good in the short term. Also the rich, who control everything, like boom and bust because they get richer and richer and richer every time there is a bust.
Every thing Biden has done is a recipe for a market crash and an economic collapse... the only thing saving him ironically is the come back from covid shut downs.... that he couldn't control or block....
 
The price went up to $2429 last evening on the news of the Iranian explosion. The world markets tanked on that same news.
That was just soppy hysteria . But today with the hysterics taught the usual lesson the price has ridden steadily .
And the more that people who have been conned over inflation realise the truth , it will run higher again and gold will surge apace .
Just love Gold and Silver .
 
All the central banks are stocking up on gold, and now the institutional investors are bailing out of stocks. I didn't think gold would go much higher than 1900 but I was wrong. Maybe I should buy some more. Silver may be the better buy, though.
 
The only way I ever made money on gold was to sell gold I had prospected myself. I leased a claim on the feather river for a year once. It was a fun place to live, and I was in the area for a year contract. I wouldn't have gotten rich even if I had worked at it full time. Still it was fun taking it in to Sacramento and selling it.
We all know that you can't live on a gold mining claim.
 
That was just soppy hysteria . But today with the hysterics taught the usual lesson the price has ridden steadily .
And the more that people who have been conned over inflation realise the truth , it will run higher again and gold will surge apace .
Just love Gold and Silver .
Where does a gold price ride to?
 
All the central banks are stocking up on gold, and now the institutional investors are bailing out of stocks. I didn't think gold would go much higher than 1900 but I was wrong. Maybe I should buy some more. Silver may be the better buy, though.
I certainly think Silver has the potential to explode in price this year and to at least double its present ca.$28 .
It is generally considered to be the most manipulated of all markets but I am 100% convinced that the upward pressures are so great that even J.P. Morgan will be forced to allow market forces to take over and dictate .

There are very sound arguments to support a forecast way up on $50 and there are many gifted and succesful experts who see it at $500 within a couple of years .

In mentioning only $50 myself , I am deliberartely trying to be conservative in case Universe decides to be contrary and refuse to do what it is supposed to .
 
Gold looks like it may have finished expected consolidation and is now thinking about a push past 2400 and toward 2500.

I added 6 ,1974 Gold Sovereigns on Monday at auction to my collection plus two 1975 Krugerrands .
Feeling smug .
Ditto Silver .
Feels like breaking news could send the price further north even though June- August is historically a poor part of the year .


Stagflation looking more and more likely which means that stated Fed policy is shattered and "Bideneconomics" even more laughable .
imho .
 
Eyes to the Sky . No Fear.

Gold has come up from consolidation 2330 to crash through 2400 whilst Silver has gone berserk rushing up to 30.60 . My little darling .

I read a very interesting article by Jim Rickards who is an acknowledged expert and always worth a read .
He provided a rationale for Gold at around 27,000 ( 2.4 thousand now).
Even if he is 100% over dramatic , Gold at 10 000 or more well within two years is interesting !!!!
Now the $US is weak and geo political tea leaves are not easy to decipher .
But it rather looks as though the Bulls are in full flow and trading on an investment basis with 50% , say , of your capital is smarter than just buying and leaving all for the presumed long term profit .
imho .
Am at Auction again Monday for the only relevant lot of over 900 . A 2002 three coin sovereign proof set .If no expert has noticed there is one lot tucked away at the end ---the current estimate of below £2000 will be a"steal" .
Location ? Not telling .
Tally Ho .
 
Gold careering ahead and now we are in 2600 plus territory .
Tally ho for 3000
The traditional big gains always occur October through to December so you should be able to afford another holiday home for the New Year .

By then the Nazisrael band of gypsies should be in terrible trouble which also ensures the US is in the same mess .
Life currently looking great and with The Donald winning a landslide it feels like we are already holding Five Aces .
 
So soon to be looking at 2700 and even by close of market tomorrow .

Now 3000 before year end looks nailed on .
I believe the huge enlarged members BRICS conference is due early this coming month .
3000 could become a very conservative short term forecast if the news is bullish in terms of further expansion and moves which take down the $US further and faster .
Guessing price movement then becomes difficult as there will be a tilt moment when the price just jumps toward the moon .
The only consideration , imho ,is to be in the action as much as you are able and dare .
There probably will not be such another chance to coin huge wealth safely in your life time .
 
Continued
Unless you find ways to cash in on Zero Point Energy and / or Alien Disclosure .
I suggest both are imminent between next month and the next 12 months .
However , I am only repeating Clif High whom I regard as a Truth Freak .
Until they come true I am just an admitted Cultist but hopefully not a too Gullible disciple .
 
So soon to be looking at 2700 and even by close of market tomorrow .

Now 3000 before year end looks nailed on .
I believe the huge enlarged members BRICS conference is due early this coming month .
3000 could become a very conservative short term forecast if the news is bullish in terms of further expansion and moves which take down the $US further and faster .
Guessing price movement then becomes difficult as there will be a tilt moment when the price just jumps toward the moon .
The only consideration , imho ,is to be in the action as much as you are able and dare .
There probably will not be such another chance to coin huge wealth safely in your life time .

:laughing0301:

 
Central Banks are buying up gold like crazy. I'm afraid extreme purchasing could damage the economy and citizens buying it too.
 
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?

Publicly traded stocks are mostly worthless for the same reasons. The difference is gold is actually a useful commodity that can be traded anywhere in the world, while your Apple share is pretty much useless for anything except making dumb asses think they're speshul.
 
Publicly traded stocks are mostly worthless for the same reasons. The difference is gold is actually a useful commodity that can be traded anywhere in the world, while your Apple share is pretty much useless for anything except making dumb asses think they're speshul.
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?
 

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