Gold heading for $5,000 ?

[ARC]

I dont consider making a few hundred dollars on an ounce of gold "making money".

you're totally right,, not an ounce of irony in sight...

Astral... what i think you are missing to my point is.
Its not guaranteed... and subject to change.
IT can and goes the other way too.

IF you bought 10 ounce gold rounds for 25,000 several years ago and sold them today ... then you made some money.
But..........
That 25000 then... is equal to the sale price of today.... in buying power.... get it ? ? ?

So if you could buy... back then.... 25,000 loafs of bread with that 25k...
Today... after selling that same gold... you would be ONLY be able to buy 25,000 loafs of bread TODAY.
Roughly.

You might have a few dollars left over .......... so you did make something :P

 

[russau]

...ever notice how markets respond to Trumps tariff talk? You know folks in the know have already bought low and are poised to make a killing after each announcement.

I completely agree with your statement !

 

[russau]

As a coin collector I’d never see a profit. My kids would get them some day

Someone already got my more valuable coins sometime back !

 

[KYgotGOLD]

Someone already got my more valuable coins sometime back !

I was just looking at my collection the other day, didn’t realize I had so many good ungraded coins.

 

[AstralDruid]

you're totally right,, not an ounce of irony in sight...

Astral... what i think you are missing to my point is.
Its not guaranteed... and subject to change.
IT can and goes the other way too.

IF you bought 10 ounce gold rounds for 25,000 several years ago and sold them today ... then you made some money.
But..........
That 25000 then... is equal to the sale price of today.... in buying power.... get it ? ? ?

So if you could buy... back then.... 25,000 loafs of bread with that 25k...

Today... after selling that same gold... you would be ONLY be able to buy 25,000 loafs of bread TODAY.

Roughly.

You might have a few dollars left over .......... so you did make something :P

Let me see if I get it... it is a very complex scenario that you paint... but I will try to get my head around it !..
So.... your whole, tedious, loaves of bread situation could also be described as 'prices adjusted for inflation' could it not ? ? ? .
I am not sure where you reside, but here in Europe we haven't anywhere near those sorts of inflation rates. When i started to buy metals a loaf of bread cost me around 95 cents, now it costs me 1.15 or so.. Now ,, I am not a mathematician ,( I studied philosophy and history) but I think I can buy more loaves of bread with the value of my metal, accounting for the inflationary rise.
So, you may call making money "not making money", and I would call that 'irony' if we are using language loosely, or a contradiction if we were to delve deeper into the matter.
Anyway, I tend not to get involved with these sorts of jaded discussions, you are welcome to contradict yourself as you please, just don't expect everyone to try and shout louder than you..

AD

 

[unclemac]

The problem I have always had with gold is what can you exchange it for? "I need some bread, can you break a $4,000 gold ounce bar?" (And, after flashing it, you get rolled in the alley outside the bakery). I have a bunch of Liberty (Mercury) dimes that even at melt value are worth $3. When SHTF they will hold some value. Easy for exchange. A bunch of Morgans, again, worth $30 in exchange. A shitload of .22 LR and 9mm that are worth . . . how despirate are you? . . . in exchange.

when society fails.... bullets will be the medium of exchange.... "how many 9mm for that?"

 

[ARC]

Let me see if I get it... it is a very complex scenario that you paint... but I will try to get my head around it !..
So.... your whole, tedious, loaves of bread situation could also be described as 'prices adjusted for inflation' could it not ? ? ? .
I am not sure where you reside, but here in Europe we haven't anywhere near those sorts of inflation rates. When i started to buy metals a loaf of bread cost me around 95 cents, now it costs me 1.15 or so.. Now ,, I am not a mathematician ,( I studied philosophy and history) but I think I can buy more loaves of bread with the value of my metal, accounting for the inflationary rise.
So, you may call making money "not making money", and I would call that 'irony' if we are using language loosely, or a contradiction if we were to delve deeper into the matter.
Anyway, I tend not to get involved with these sorts of jaded discussions, you are welcome to contradict yourself as you please, just don't expect everyone to try and shout louder than you..

AD

Dude your weird... no one is shouting... and why would i expect someone ... let alone anyone... and even further way out there "everyone" to shout at all.

Europe explains a LOT... heh
I hear ya man... now go back to making "cents" for now.

I will leave off with this FACT...

In 1921, a high-quality suit cost approximately $25 to $50, which was equivalent to 1.25 to 2.5 ounces of gold.
TODAY,... the same suit is 4-5k +.

Gold reflects the exact price of today... and pray they dont dump and re-adjust.... again. heh

 

[AstralDruid]

Not weird... Arc... and not looking a quarrel either..
I just point out things from time to time.. Generally when capital letters are used in text format it is considered to represent shouting... So once again a slight bit of contradiction is evident, but you're entitled to shout if you want.
Just as an aside, 'your' means belonging to you or associated with you,, whereas 'you're' is a contraction of 'you are', where the apostrophe takes the place of the letter a....
I don't buy suits, but I do eat bread, and if I was to buy a suit with my metals value, then it would be in the region of 80% more of a suit than I could have bought before investing,, allowing again for differing costs and inflationary increases..

Yes indeed, Europe explains a lot, most of it quite obvious to the more discerning amongst us.

AD

 

[FreeBirdTim]

when society fails.... bullets will be the medium of exchange.... "how many 9mm for that?"

You're grossly overestimating the importance of guns if society fails.

 

[ARC]

Not weird... Arc... and not looking a quarrel either..
I just point out things from time to time.. Generally when capital letters are used in text format it is considered to represent shouting... So once again a slight bit of contradiction is evident, but you're entitled to shout if you want.
Just as an aside, 'your' means belonging to you or associated with you,, whereas 'you're' is a contraction of 'you are', where the apostrophe takes the place of the letter a....
I don't buy suits, but I do eat bread, and if I was to buy a suit with my metals value, then it would be in the region of 80% more of a suit than I could have bought before investing,, allowing again for differing costs and inflationary increases..

Yes indeed, Europe explains a lot, most of it quite obvious to the more discerning amongst us.

AD

Caps in my case were to emphasize...
em·pha·size - /ˈemfəˌsīz/ -
https://www.google.com/search?sca_e...2ahUKEwjnxIzVhsqQAxVnSzABHb_mB74Q3eEDegQIIRAN
verb
gerund or present participle: emphasizing

1. give special importance or prominence to (something) in speaking or writing.
   "he jabbed a finger into the tabletop to emphasize his point"
   2. lay stress on (a word or phrase) when speaking.
   3. make (something) more clearly defined.
   
   Man Astral... you are beginning to make member responses a chore.

 

[unclemac]

You're grossly overestimating the importance of guns if society fails.

i hope you are right but I have my doubts.

 

[AstralDruid]

Don't worry, I have had enough of this limited exchange.

Man Astral... you are beginning to make member responses a chore.

Playing the popularity card at such an early stage , wow..

Try googling these words and terms while you are in the mood
- contradiction
- condescending
- overemphasis
- misspelled.
- sense of irony
AD

 

[ARC]

Don't worry, I have had enough of this limited exchange.


Playing the popularity card at such an early stage , wow..

Try googling these words and terms while you are in the mood
- contradiction
- condescending
- overemphasis
- misspelled.
- sense of irony
AD

Try growing a brain first.
Ya know... I just realized your user name... rhymes.
And since you wanna throw words around... A few come to mind...

Arrogant.
Superiority complex.
Jealousy.
Inconsideration.
Rude.

 

[beepbleep]

Russia Burns Through Gold Reserves Amid Economic Turmoil​

 

[opalboy]

So if everything is rigged, do you want a paper promise of your wealth, or something tangible that will always be real?

 

[ToddsPoint]

Gold closed yesterday at $3942.80. You can buy an XF $20 double eagle today for $50 over spot.

 

[AstralDruid]

Try growing a brain first.
Ya know... I just realized your user name... rhymes.
And since you wanna throw words around... A few come to mind...

Arrogant.
Superiority complex.
Jealousy.
Inconsideration.
Rude.

I could, at this stage, point out that my list of words and terms are taken in context of what you wrote, each one directly linked to statements you made, whereas your list seems to be just mutterings of insecurity. I am struggling with aligning most of them to my texts,, perhaps 'superiority complex' is related to an ability to spell ?.
Remember you came to me with your gold diatribe, I was just putting my point across.

I mean Jealousy... .... ??
Incoherent, there's a poignant adjective.

AD

 

[pepperj]

You're grossly overestimating the importance of guns if society fails.

There's always 2 sides to every coin.
The ones that believe that are prepared, and the ones that aren't.
The ones that have, and the ones that have not.
The ones that can grow, and the ones that buy.
The ones in the rural, and the one in the urban.
The urban will fail quickly, the rural will survive longer.
The urban has numbers, the rural has not.
The urban doesn't have a community, the rural has.
The rural has preserves for seasons, the urban has a cupboard full for a week or 2.

I may have what the urban will want-so I better have something to protect that.

SHTF?
Even to loose the internet for a month, and the power grid.
The post of just those events in the urban-goodluck...

 

[AstralDruid]

I have two friends who both survived a real life SHTF scenario. They don't know each other but were both involved in the break up of the former Yugoslavia in the 1990's. The siege of Sarajevo was the Shit hitting the fan in a big way. Ammunition was the top commodity, followed by females. that's the way it pans out.
Me personally I'll open a bakery come tailor's shop and be the best dressed bread man around...; ! just a private joke between me and Arc,, we don't have to agree on everything do we ?

 

[pepperj]