OKAY, who bought GOLD when I told y'all to buy it?

I put some money in gold and silver as a hedge against inflation several years ago but now I want more silver for a one to two year investment since I see it having more potential.

 

I keep some physical stuff just in case for use during a currency crisis. I also bought a shit ton of silver and gold ETFs before the big money dumps hit. I got rid of some real stinker equities and used the capital from those to buy them. It's paid off nicely. The physical stuff has its role, but before the big Zimbabwe-style dollar collapse, the paper stuff is where you can have more immediate benefits. The Sprott Physical precious metal shares are the way to go. Those are actually backed by real metal, which is independently audited. Details of the different ETFs Sprott has are here:
https://sprott.com/investment-strat...and-silver/net-asset-value-premium-discount/#

Also, don't turn your nose up at cryptos. Because they're finite, they act as a form of digital gold. The advisories I read say to make the bulk of your holdings Bitcoin, with the so-called alt coins being the minority of your crypto holdings. Many of the experts are saying Bitcoin could hit six digits in ten years.

Also, the ETF GDLC gives you crypto exposure without having to buy cryptos in a wallet. It's been trading at 2-3x NAV, lately, and it seems to trade at a premium to its underlying holdings. The coins backing the shares are held in cold storage, meaning that they aren't in an online wallet, so they're safe from hacking. You can check out the details here: https://grayscale.co/digital-large-cap/

 

The gold to silver ratio is way off from what it should be, too. If it gets where it's supposed to be, silver will take off. I've heard credible analysts calling for $42 silver, which I do believe will happen. I can still remember when it was $50/ounce.

 

Mole, personally I'm more of a silver guy. Both are great investments but how the hell are you supposed to barter gold in teotwawki .

Silver would be a bit more practical for that. I bought a crap ton of silver 3-4 years back, wishing I bought more now... lol

 

My precious metals are lead, copper and brass.

 

Sorry to say that if you take investment advice from a gun forum you have other problems.
Not sorry.

 

I've been pondering how you could spend the coins when bIll gAteZ wants to chip everyone. You won't be able to sell the gold, and silver without taking the mark of the beast chip.

 

I've got a bunch of Kruggerands my dad bought back in the 70s. IIRC he paid around $400 for each one. I may have to find where I put them and do a little profit taking.

 

I'm sure there are some investors, they're profession, that own guns. Even doctors, lawyers, engineers etc.

Just because it is a "gun forum" doesn't mean we are ALL rednecks

 

No but he’s a tinfoil prepper lol.
No offense Mole....

 

They might be worth more than gold content. Check dates and research them.

 

I stashed some silver and a bit of gold(1/10th oz Eagles, more easy to use as a trade item)

 

TEOTWAWI and SHTF:

Scenario 1:
Swaga: Well, I'm glad I have some precious metals, guns, ammo, and shelf-stable food ready to go to weather this crisis. No one knows I have all of this stuff because I stayed quiet about it.

----or----

Scenario 2:
Swaga: Hey, Mole, you know all that stuff I said about ya'? I was just kiddin'. Hey, d'ya mind if I hang out here for a while? I brought some guns and ammo. I'll help pull security if I can share some of your food.

Mole: Sure, man. But, first, you have to wrap this sheet of Reynolds Wrap around your head and pose for a picture.

----or----

Scenario 3:
Swaga: Son of a... ! Ishould have listened to Mole!

 

Those 1/10 ounce gold eagle bullion coins are being bought for about $213 by some dealers now today.

 

I hear ya', and I'm eying a similar outcome if things go the way they should. Of course, if it comes to that, we'll probably be spending our crypto, directly, rather than selling it for dying fiat currency.

 

No, but I bought some shares of Vista Outdoors last year because I knew this was an election year. Well, then Covid 19 and George Floyd came along and you know the rest.
Even a blind squirrel finds a nut every now and then.