An interesting way to invest in gold in small quantaties

[Oswald Bastable]

If you look at the dow in 2008-09 and in 2019-20 and compare a chart of silver prices, you'll see the same crash I suspect it'll would be the same in 1929-30 and other times, I'll need to look further, but those are two examples. Why would you expect different next time?

Because these are not just recession/depression times a comin'...these are fall of Rome times a comin'.

[Nobeard]

See all the caches of coins found (Roman and otherwise) over the centuries.

Think that's something to see?
Just imagine all the caches of coins that were found by people smart enough to keep their mouth shut!

If you look at the dow in 2008-09 and in 2019-20 and compare a chart of silver prices, you'll see the same crash I suspect it'll would be the same in 1929-30 and other times, I'll need to look further, but those are two examples. Why would you expect different next time?

A drop in metal prices after a major downturn in the financial markets could be explained by hedge funds and trades trying to cover their accounts.
When things don't go as planned, they come up 'short' on a contract. Something has to be liquidated to generate the cash to make up for their mistakes.
In most cases they are just playing with paper anyway - mining contracts and gold or silver futures, not the actual metal.


There are several things different this time.
I'm just looking at the geopolitical environment...and it is NOT pretty!

Right now, Warren Buffett, Jamie Dimon and the other 'financial gurus' (yea - the ones that caused the current mess) are dumping stock at a high rate of speed.
One possible reason is the predicted collapse of commercial real estate market.
Another is major defaults on car and home loans as the economy continues to spiral down.

If their sales are being turned into cash?
I'm willing to bet it's not ledger entries at a bank either, because they're dumping bank stocks, along with tech stocks like Apple.

They're either getting cash on hand or turning it into hard assets.

The new BRICS nations are also on a gold buying spree.
Rumor has it they're going for a gold backed currency in an attempt to crash the dollar.
Looks like the Saudis bought 160 TONS of gold in the last 2 years.

https://www.moneymetals.com/news/202...zerland-003458

Then there's the political issues with the upcoming election.
First, the lawfare against Donald Trump has been a disaster for the left wing commucrats.
One of their minions from the southern district of New York was recently caught on hidden camera admitting it was all politically motivated.

Next, we've seen multiple attempts on his life.
Just imagine if one of them had been successful!

What do you think will happen if somebody decided to take out Letitia (La-Quiefa) James or Alvin (Fat Albert) Bragg?
Not talking about a Trump supporter either.
Does anyone think the Derp State wouldn't take out one of their now useless idiots to BLAME IT on a Trump supporter?

Roll out Sloppy Joe slobbering about right wing domestic terrorists....
Que up the clip of Hitlery barking about MAGA being a cult and they need to throw us in camps....

Crap - my point is getting lost in the weeds again...

Back in the 19th century, everyone in coastal cities like Galveston and Corpus Christi had a barometer.
Didn't matter how clear the skies were right now, if that sucker started to drop?
There's a storm comin'...
It might head north into Louisiana or south into Mexico, but everyone watched and got ready.

The last silver we bought was with the income tax return back in February, and it's gone up over 8.00 an ounce since then...
Hey, could have gone down that much or more, so it's all a gamble.

Already have a good supply of long-term food storage and fuel put back.
Right now, we're just hedging our bets on all fronts to be safe.

Like a wise man once told me:
"It looks like Stupid is coming to town...
and he's bringing his twin brothers Panic and Hysteria with him!

[JTHunter]

When my last parent died last year, one of the things my sibling and I had to deal with was their hoard of silver. There were 7 "bricks" weighing 100 troy oz. as well as numerous (maybe 40-50) 10 oz. ingots and maybe 50 - 1oz rounds/bars. This silver had been purchased piecemeal over maybe a 50-60 year period.
My sibling sold off the four 100 oz. bricks they got for something more "maneuverable" but I kept all 3 of mine, as well as all the 10 oz and 1 oz. rounds/bars. About 6 years ago, I bought 5 gold Maple Leafs for about $1100 (plus "sales charge") and, with gold prices the way they are now, I would double my money. The problem IS to be able to REPLACE those coins now would be insane. I AM considering selling 1 or maybe 2 of the 100 oz bricks but the last time I checked, the 3 businesses I asked weren't really interested in them as they would be hard to re-sell.
As of 5:15p.m. CT, the spot price of gold at monex.com/liveprices is $2,622/oz. and silver is $31.17/oz. Both are up.
The Bid & Ask prices for the Maple Leafs are $2,611.50 and $2,704.50, up $34.60.

Can somebody explain to me what Monex might mean by the "Bid & Ask" pricing? I would appreciate it. Monex never responded to my email request for an explanation.

[Oswald Bastable]

Can somebody explain to me what Monex might mean by the "Bid & Ask" pricing? I would appreciate it. Monex never responded to my email request for an explanation.

Not positive, but I believe this is how it works: If you're just buying a small quantity, you pay the asking price. However, if you're buying a substantial amount (not sure what the break point would be) you can place a bid for below the asking price...then it's up to the seller to accept or reject the bid.

[JTHunter]

Thanks Oswald. That makes sense.

[1 Patriot-of-many]

When my last parent died last year, one of the things my sibling and I had to deal with was their hoard of silver. There were 7 "bricks" weighing 100 troy oz. as well as numerous (maybe 40-50) 10 oz. ingots and maybe 50 - 1oz rounds/bars. This silver had been purchased piecemeal over maybe a 50-60 year period.
My sibling sold off the four 100 oz. bricks they got for something more "maneuverable" but I kept all 3 of mine, as well as all the 10 oz and 1 oz. rounds/bars. About 6 years ago, I bought 5 gold Maple Leafs for about $1100 (plus "sales charge") and, with gold prices the way they are now, I would double my money. The problem IS to be able to REPLACE those coins now would be insane. I AM considering selling 1 or maybe 2 of the 100 oz bricks but the last time I checked, the 3 businesses I asked weren't really interested in them as they would be hard to re-sell.
As of 5:15p.m. CT, the spot price of gold at monex.com/liveprices is $2,622/oz. and silver is $31.17/oz. Both are up.
The Bid & Ask prices for the Maple Leafs are $2,611.50 and $2,704.50, up $34.60.

Can somebody explain to me what Monex might mean by the "Bid & Ask" pricing? I would appreciate it. Monex never responded to my email request for an explanation.

Same as any other market, There's what someone is willing to pay and what someone is willing to sell for. Exactly the same thing as the bid and ask for a stock.Eventually someone gives in and either meets halfway or somewhere in between or the buyers are more motivated and pays the ask price or vice versa Sellers are more motivated and the bid price is paid.. The market for gold and silver moves the same way as a stock purchase. When there are more sellers the price starts moving downward and if there are more buyers the price will start moving upward. Simple supply and demand economics.

[Oswald Bastable]

Price of silver now over $32.

Hold!

HOLD!

HOLD!