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Re: Forum gossip thread by formosan

Owning hard assets the only way to stay ahead of inflation

Started by JOE, October 16, 2024, 01:21:50 PM

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Lokmar

Quote from: JOE on October 17, 2024, 01:59:10 PMGold went up again today....Lokmeer!

goldprice.org.

....it's pushin' $2700/
Oz of yer Yankee dollarz .... Bud!

I'm selling the rest of my silver within the next week, dipshit.

$2700 US, is that like 10 bajillion Cucknadian Doll Hairs yet?
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JOE

Quote from: Lokmar on October 17, 2024, 03:08:49 PMI'm selling the rest of my silver within the next week, dipshit.

$2700 US, is that like 10 bajillion Cucknadian Doll Hairs yet?

$3700 buckaroos Bud!

As yet Yankee dollar crashes its takin us down wid it.

I'm gonna be a millionaire soon Lokmeer!

I could buy a farm or 2 at this rate.

Heck move in next ta you...Lokmeer!

That'd make us neighbors eh?

Lab Flaker

Quote from: JOE on October 17, 2024, 01:59:10 PMGold went up again today....Lokmeer!

goldprice.org.

....it's pushin' $2700/
Oz of yer Yankee dollarz .... Bud!

Hey Joe...where are you going with that gold in your hand?
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JOE

Quote from: Lab Flaker on October 17, 2024, 04:54:53 PMHey Joe...where are you going with that gold in your hand?

I jes bought s'more Gold today avatar_Lab Flaker Lab Flaker

A 1912 Canada $5 Gold

&

1899 Britis Sovereign

I'll post some pics of em later if ya like.
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Lab Flaker

Quote from: JOE on October 17, 2024, 05:09:07 PMI jes bought s'more Gold today avatar_Lab Flaker Lab Flaker

A 1912 Canada $5 Gold

&

1899 Britis Sovereign

I'll post some pics of em later if ya like.

Go for it Joe!

Lokmar

Quote from: JOE on October 17, 2024, 04:53:36 PM$3700 buckaroos Bud!

As yet Yankee dollar crashes its takin us down wid it.

I'm gonna be a millionaire soon Lokmeer!

I could buy a farm or 2 at this rate.

Heck move in next ta you...Lokmeer!

That'd make us neighbors eh?

Stay the fuck away from my farm or I'll bury you on it, josephine.

JOE

Quote from: Lokmar on October 17, 2024, 03:08:49 PMI'm selling the rest of my silver within the next week, dipshit.

Actually I think that would be a mistake...Lokmeer!

While Gold shoots up dramatically Silver continues to stagnate BELOW $32 per ounce.

I mean that's defying gravity

If Gold continues to rise in value, silver is sure to breakout bud.

How could Gold rise 50% in value or double since last year(which isn't unlikely in the near future) while the silver price remains flat?

It doesn't make any sense.

I'm gonna but at least 100 more ounces soon...Lokmeer

Heck I'll buy yer stack fro ya at current market prices ifya want

Lokmar

Quote from: JOE on October 17, 2024, 06:24:57 PMActually I think that would be a mistake...Lokmeer!

While Gold shoots up dramatically Silver continues to stagnate BELOW $32 per ounce.

I mean that's defying gravity

If Gold continues to rise in value, silver is sure to breakout bud.

How could Gold rise 50% in value or double (which isn't unlikely) while the silver price remains flat?

It doesn't make any sense.

I'm gonna but at least 100 more ounces soon...Lokmeer

Heck I'll buy yer stack fro ya at current market prices 8fya want


You'd have to pay $3 over US spot. They're Silver Eagles that I'm selling.

JOE

Quote from: Lokmar on October 17, 2024, 06:26:57 PMYou'd have to pay $3 over US spot. They're Silver Eagles that I'm selling.

If gold continues to rise silvers gonna go up too...Lokmeer!

Lokmar

Quote from: JOE on October 17, 2024, 06:28:45 PMIf gold continues to rise silvers gonna go up too...Lokmeer!

What you're missing, my fine feathered friend, is that the value of the U.S. Dollar will spike when Trump gets in which typically depresses the metal values.  I'd say the time to buy back in is March/April 2025. Still, platinum is where its at.
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JOE

At its current price I think Silver is a good deal...Lokmeer!

JOE

Quote from: Lokmar on October 17, 2024, 06:37:52 PMWhat you're missing, my fine feathered friend, is that the value of the U.S. Dollar will spike when Trump gets in which typically depresses the metal values.  I'd say the time to buy back in is March/April 2025. Still, platinum is where its at.

Fine feathered friend.

I think that was Daffy Duck.


Yeah platinum is going up too.

Maybe I'll pick up 6 more ounces make my stack 10.

Silver I'll get another 200.

$3200 for 100 oz of a precious metal isnt much.

I think we'll look back in 5 and realize that it was a good price to buy silver at.

JOE

If you factor in inflation $32 per ounce is actually quite cheap. That'd be $7-10 1980 dollars. But 40 years ago silver peaked at $50 an ounce which is $200 today.

That's why I think silver is quite undervalued.

Yeah silver was cheap after the recession hit fell to $6-7? But adjusted for inflation that's about the same price as today.

Lokmar

Quote from: JOE on October 17, 2024, 06:48:37 PMIf you factor in inflation $32 per ounce is actually quite cheap. That'd be $7-10 1980 dollars. But 40 years ago silver peaked at $50 an ounce which is $200 today.

That's why I think silver is quite undervalued.

Yeah silver was cheap after the recession hit fell to $6-7? But adjusted for inflation that's about the same price as today.

I'm not saying thats wrong. However, when the dollar goes up, metals come down. You can count on it.

Lokmar

Quote from: JOE on October 17, 2024, 06:43:11 PMFine feathered friend.

I think that was Daffy Duck.


Yeah platinum is going up too.

Maybe I'll pick up 6 more ounces make my stack 10.

Silver I'll get another 200.

$3200 for 100 oz of a precious metal isnt much.

I think we'll look back in 5 and realize that it was a good price to buy silver at.

I guess you should paypal me $700 and I'll send you 20 Silver Eagles, josephine.

Add shipping to Cucknadia tho.