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04-08-2024, 04:32 PM
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#32
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Premium Access
Join Date: Jan 21, 2010
Location: pittsburgh
Posts: 4,083
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silver $28.03
gold hits $2352.50
copper $4.29
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Quote
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04-08-2024, 04:37 PM
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#33
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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Quote:
Originally Posted by chizzy
silver $28.03
gold hits $2352.50
copper $4.29
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Still rising in after hour trading.
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04-08-2024, 04:43 PM
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#34
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Premium Access
Join Date: Jan 21, 2010
Location: pittsburgh
Posts: 4,083
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Quote:
Originally Posted by bambino
Still rising in after hour trading.
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my guess is it will drop some before morning trading and then climb again
silver and platnium should be higher than what it is at this point
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04-09-2024, 05:27 PM
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#35
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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In 1929 the price of a troy ounce of gold was $20. There are 32.15 ozt per 1kg bar, so that equals $6,430 for 10kg of gold.
Today an ounce of gold is $2,344.90 per troy ounce. That equals $753,885.35 for 10kg of gold.
The average home price in the USA in 1929 was $4,902. So 10kg of gold would have gotten you nice size home.
The average home price in the USA today is $412,095. So 10kg of gold would get you a nice size home today as well.
Its not that gold has gone up in value, its that the dollar has lost 99.14% of its purchasing power since 1929 due to the printing and expansion of the currency supply.
Property values didn't go up by 840.67%, the dollar lost that much purchasing power 95 years.
~Citizens for Sound Money
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04-09-2024, 06:45 PM
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#36
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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04-11-2024, 09:15 PM
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#37
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Premium Access
Join Date: Jan 21, 2010
Location: pittsburgh
Posts: 4,083
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gold tops 2400
silver up over 29.00
when will it stop?
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04-12-2024, 07:08 AM
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#38
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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Quote:
Originally Posted by chizzy
gold tops 2400
silver up over 29.00
when will it stop?
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Well, inflation just came in, up 3.5%. It’s not coming down. Gold and silver will continue its surge. Unless the criminals slam silver. They can’t do it forever. China and India are buying it in record levels. When the American public realizes metals are a safe heaven, game over.
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04-12-2024, 10:09 AM
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#39
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
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04-18-2024, 07:29 PM
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#40
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
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04-23-2024, 02:42 PM
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#41
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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04-27-2024, 01:16 PM
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#43
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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Quote:
Originally Posted by zippyboy
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First Republic Bank in Philly was just seized. Is PNC next? You’ll have no problem selling gold or silver when the financial system collapses. You’ll need it to survive.
https://www.businesstoday.in/amp/wor...166-2024-04-27
That’s 5 banks in the last 12 months. Who would have thunk it!!!!!
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04-27-2024, 01:31 PM
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#44
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Valued Poster
Join Date: Jan 21, 2011
Location: Bonerville
Posts: 5,980
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Wholesale gold traders may make money, but almost all these metal commodities require a liquidation marketing method, and those ppl want their 5-10% on top. Not a really liquid asset. Still a place for parking some cash. And the best way to move large sums out of the country.
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04-27-2024, 01:54 PM
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#45
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Valued Poster
Join Date: Jul 7, 2010
Location: Dive Bar
Posts: 42,831
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Quote:
Originally Posted by eyecu2
Wholesale gold traders may make money, but almost all these metal commodities require a liquidation marketing method, and those ppl want their 5-10% on top. Not a really liquid asset. Still a place for parking some cash. And the best way to move large sums out of the country.
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WTF are you talking about? Retail buyers pay a premium over spot at the time of purchase. If you sell it, you’ll get spot at that time. A retail buyer will lose money if they try to make a buck on short terms flips. That’s not what smart investors of metals do. They hold it for the long term and as an insurance policy if shit hits the fan. The shit IS going to hit the fan. If you don’t own assets, and hold them in your possession, you’re going to be fucked. That article also mentioned that Costco quickly sells out of gold and silver. That’s the real story. Regular people are buying it. Walmart sells it too. It’s not just for rich people anymore.
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