THeBlueCashew

...I knew I shoulda bought more.

It went up $40 US an ounce on Friday.
$30 today.

Now the gold seller raised their prices and it's goin outta sight.

Had my chance. I knew I should have pressed the buy button.

Oh well, at least I got the other 15 ounces I'd bought last year.

Quote from: JOE on March 04, 2024, 05:55:53 PM...I knew I shoulda bought more.

It went up $40 US an ounce on Friday.
$30 today.

Now the gold seller raised their prices and it's goin outta sight.

Had my chance. I knew I should have pressed the buy button.

Oh well, at least I got the other 15 ounces I'd bought last year.

Meanwhile, silver went up MORE!

How does that compare to my 10,000 shares of Wajax Corporation Senile JOEJ?

Quote from: TheProwler on March 05, 2024, 04:50:45 AMHow does that compare to my 10,000 shares of Wajax Corporation Senile JOEJ?

Even if Joe was telling the truth, he thinks short term when it comes to investing. Only fools do that. In his late years, playing the long game is not an option.

Quote from: DKG on March 05, 2024, 06:22:17 AMEven if Joe was telling the truth, he thinks short term when it comes to investing. Only fools do that. In his late years, playing the long game is not an option.

I'd be interested in jumping into the market but I don't think it's the time Prowler. And the stock market seems overpriced at the moment.

2024 will be an extremely volatile time.

But 2025/26 could be a very rocky period for the stock market....no matter who is US President.

It's all about market cycles, eh. And the top analysts think we will have a trough.

There was actually somebody who lived in 1880 who published some kind of farmers almanac who predicted a market dip by 2026.

More recently, someone named Mark Markowski. Go look him up. He has a website called alphatack (?). Market dip in 2025.

In part I think the recent rise in gold has a lot to do with fear in the markets and the possibility of a correction. So of course they wanna cover their behinds in case the SHTF.

Also, banks are buying up a lotta gold to shore up their reserves due to the fragility of the US banking system and commercial real estate. China too is in a severe recession.

I was buying gold last year cuz I was reading about all these things that were gonna unfold.

If Trump gets elected there'll likely be more volatility than if Biden wins. That could be on the upside but a Trump victory points to greater instability.

Quote from: JOE on March 05, 2024, 09:27:11 AMAnd the stock market seems overpriced at the moment.

Oh?

The TSX?

Why would you say that?

Quote from: DKG on March 05, 2024, 06:22:17 AMEven if Joe was telling the truth, he thinks short term when it comes to investing. Only fools do that. In his late years, playing the long game is not an option.

I was interested in jumping into the market DKG.

However, the markets seem too high and the economy is in a fragile state. As you're aware, much of the global economy is already in recession.

I think even you admitted that the economic conditions these days are somewhat unstable.

I've been reading things from now going into 2025 and even 2026 could be quite rocky. So I'd rather take a wait and see approach before throwing any significant amount in.

Now of course, if I'm off, then I miss out on the gains.

But I'm playing it cautious at the moment.

Just to let you know, I based my decision to buy gold on YouTube videos and articles last year which forecast a choppy outlook for 2024.

The coming US presidential election distorts economic data. I think a lot of economic activity is being powered by hype, prime pumping by the US Fed & stimulus by the Biden administration to make things appear more rosy than they really are.

But that's just my opinion. Feel free to disagree & offer your own opinion, DKG.

josephine bought collector coins. josephine is a dipshit.

Quote from: Lokmar on March 05, 2024, 09:47:08 PMjosephine bought collector coins. josephine is a dipshit.

Senile JOEJ is dealing with relatively small amounts of money because he did not learn to save and invest when he should have.

One example of 'collector' gold that I previous bought:

(https://canadagoldbullion.ca/cdn/shop/products/AU104PureGold5CoinSet-GoldMapleLeafSet_1800x1800.jpg?v=1667240995)

I PAID: 45 grams of .999 Gold $4200 Canadian or $3100 US.
No Tax.

Price of Gold Today: $2123 US per ounce
Price of 45 grams of gold: $3,072.39 (spot)
Price of 45 grams of gold: $3,226.01 (Ask Price-Dealer)

So Lokmeer...I paid close to today's SPOT price.

But rarely do dealers sell at that price, except wholesale(?)

The typical price of that gold set if purchased retail would be around $3200 US and up.

So...I didn't do badly on these 'collector' coins.
Basically I bought them close to today's SPOT price.
And below what the dealer would typically sell that set at these days.

When I buy 'collector' that's what I mean.
I always try to buy close to the actual value of the gold .

Or close to its MELT value.
Other words, if it was melted down, how much gold would it yield.

Here's the lowest asking price on eBay for that set:

$4500 US or Best Offer. So maybe the seller might let it go for around $3750-4000 US? Only he's gonna charge shipping/Insurance + there might be TAX depending on where it's being shipped.

https://www.ebay.com/itm/404168432951?itmmeta=01HR8ZVT6W4A9DQJ6YPC5QBF7M&hash=item5e1a50dd37:g:1YkAAOSwVAVj77FU&itmprp=enc%3AAQAIAAAA8LpwriA0oMLYmMhQmNy9nbNvvfmD7RgO0Q%2FAQ%2Fj3%2BMHKK1%2Bo%2FoY76rVagH8RvCFh8lz%2FEfIWM9jIDnUulOiJgGaAz4BYoCXQbswPucQN%2BncxhI3bNmIipZ4Q1FM1K02yAZ1Jy%2Fk3ZfnUWowMiEe6BqrTfuP%2FgZKVcWnDPcMtVpCFX5%2Fh2Bi475O8e4%2BZWXULZBWS2ZL79Gwb9jHi0%2F72QSAcuBAoa60pE58xrxEJBT6ZZeqbf35FKaHyvtVMyOjvUgKSJ4eqFBfxxzja3E2kKsZNw%2FpEtjve3Di7fDZGdMzfmyfiDFhFk1G0NQN5NeSDTQ%3D%3D%7Ctkp%3ABk9SR8Sj75_CYw

I generally am very careful about what I buy.
And I research them too.
I try to buy for Gold content first unless it's some hyper-rare and ultra desireable item ya can't find anywhere else and could RE-SELL for MORE.

If I can't get a good price on these things and I think they are OVERVALUED, I don't buy them.

In other words, it's not worth to buy these things (or anything for that matter) unless you can get a DEAL.

Is that Clear as Mud to you...Lokmeer?

Quote from: TheProwler on March 05, 2024, 10:57:08 PMSenile JOEJ is dealing with relatively small amounts of money because he did not learn to save and invest when he should have.

IMHO the Stock Market is just like a gambling casino Prowler

It runs on exacty the same principle.

You can enter it any time of the day, place a bet whenever you want & if your timing is right, you can make a profit. But if you place your bet at the wrong time, you lose money.

I'm not gonna plunk down $25,000-50,000 at the wrong time Prowler.

I don't claim to be rich. That's a lot of money to me.

While I could afford to lose that much, I'd rather not.
That's like a down payment on a small property.
Or the price of a decent car.

Anwyays that's what the BIG Guns do.
They buy LOW and SELL HIGH.

What Warren Buffet said:

""Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"


Why would anyone buy when the market is at an all time high but economic conditions are deteriorating?

Or Bitcoin? Same thing. It also registered an all time high recently.

Enter the market now it seems it's too late.
Wait for the next cycle or the right time to enter....'The Casino'.

Guy describes Stock Investing as it really is...


It's just glorified gambling.

When a person invest their money, it's 'in play'.

In other words, just like throwing chips on a poker table.

While there are certainly potential gains, as the guy explains, the investor has forfeited his claim to that money he's invested or is 'in play'.


so...just like a gambler losing money at the poker table when the croupier takes the chips off the table, likewise the investor loses the money he's invested when the brokerage takes it s cut and the market goes down.

While the market could come back, in the event of a sever crash (which is a possibility these days), it could take a very long time like it has in previous crashes or downturns.

Quote from: JOE on March 05, 2024, 11:19:18 PMHere's the lowest asking price on eBay for that set:

$4500 US or Best Offer. So maybe the seller might let it go for around $3750-4000 US?

You have to look at Sold Items to know what they are going for, Senile JOEJ

I already told you this, you dumb cunt.

Quote from: JOE on March 05, 2024, 11:42:26 PMIMHO the Stock Market is just like a gambling casino Prowler

Well that is a stupid opinion.

In a casino, the odds are against you.

In the stock market, the odds are for you.

Quote from: DKG on March 05, 2024, 06:22:17 AMEven if Joe was telling the truth, he thinks short term when it comes to investing. Only fools do that. In his late years, playing the long game is not an option.

Yeah, his latest Rant of Stupidity is a product of his short term thinking.

Quote from: TheProwler on March 06, 2024, 12:58:11 AMWell that is a stupid opinion.

In a casino, the odds are against you.

In the stock market, the odds are for you.


Yeah, his latest Rant of Stupidity is a product of his short term thinking.

Well Prowler, I've known people who've lost all of their savings on the Stock Market or similar speculative ventures.

One guy I know lost $100,000 of his own money betting on Nortel Stock (which is no longer around) and he had to sell hot dogs for a living. He was actually in the Vancouver Sun and Province newspapers and his story was displayed for the public to see. So that isn't PI.

Another told me he lost $750,000 betting on currency futures speculation that the US dollar would go down, but it went up and he lost everything. He ended up having to move in with his parents and  resort to being a used car salesman.

Quite a few people told me they lost all or a large part of their savings when the 2008 Financial crisis hit. Some never even lived long enough to see the markets come back 10 years later.

so, whether you like to admit it or not, investing in the stock market is a gamble.

And when someone smarter than yourself, more monied, better educated, polite, more humble and experienced like Ray Dalio, Warren Buffet or Charlie Munger says it is, then there must an element of truth to it.

I think you just talk out of your ass, Prowler.
And Bullshit spews outta yer mouth.

And all those people at BF think you're a joke now.
You think they take you seriously, but they just laugh at you.

You have no credibility because you never/rarely source your claims or back up your statements.

All you are capable of are are these failed attempts at gaslighting. And even that is wearing thin & the folks at BF have seen through you now.

Quote from: JOE on March 06, 2024, 01:28:27 AMWell Prowler, I've known people who've lost all of their savings on the Stock Market or similar speculative ventures.

You seem to know a lot of losers, Senile Joe.

Are you in the same club?

Quote from: JOE on March 06, 2024, 01:28:27 AMOne guy I know lost $100,000 of his own money betting on Nortel Stock (which is no longer around) and he had to sell hot dogs for a living. He was actually in the Vancouver Sun and Province newspapers and his story was displayed for the public to see. So that isn't PI.

Oh...."One guy I know" is not PI.

Phew, that was a close one!!!

Quote from: JOE on March 06, 2024, 01:28:27 AMAnother told me he lost $750,000 betting on currency futures speculation that the US dollar would go down, but it went up and he lost everything. He ended up having to moving in with his parents and he had to resort to being a used car salesman.

Another person in your club?

Quote from: JOE on March 06, 2024, 01:28:27 AMQuite a few people told me they lost all or a large part of their savings when the 2008 Financial crisis hit. Some never even lived long enough to see the markets come back 10 years later.

so, whether you like to admit it or not, investing in the stock market is a gamble.

And when someone smarter, more monied, better educated nad more experienced like Ray Dalio, Warren Buffet or Charlie Munger says it is, then there must an element of truth to it.

Historically, it has always done well in the long term.

Nobody should put all their eggs in one basket, Senile Joe.  Nobody ever suggested that.

Quote from: JOE on March 06, 2024, 01:28:27 AMI think you just talk out of your ass, Prowler.

No, that is poop.

I am pooping on you.

Quote from: JOE on March 06, 2024, 01:28:27 AMAnd all those people at BF think you're a joke now.

I watch them.  I see how they react to things I say.

They are jealous, Senile Joe.

It is sad.

But very entertaining.

Quote from: JOE on March 06, 2024, 01:28:27 AMYou have no credibility because you never/rarely source your claims or back up your statements.

What a stupid thing to say.

Fat Lily was just begging for proof that I performed for some paid gigs and I posted some proof and she then went on her little "You are dancing for me!" lame schtick.

FYI, it is eating her alive that I posted proof.  Just like every other time...it kills them.

I have you people desperate to show that I am lying.  You are so emotionally invested.  So worried that what I say is true.

And guess what Senile Joe?  It is all true.  All of it.

And when I want, I will reveal the proof that terrifies you so much.  It is here.  I have it.  I have all of it.

But you know what makes a good horror story GREAT?

Suspense, Senile Joe.

Suspense.

Wait.

For.

It.

Quote from: TheProwler on March 06, 2024, 12:58:11 AMWell that is a stupid opinion.

In a casino, the odds are against you.

In the stock market, the odds are for you.


Yeah, his latest Rant of Stupidity is a product of his short term thinking.

It's all lies anyway.

Quote from: TheProwler on March 06, 2024, 02:01:01 AMHistorically, it has always done well in the long term.

Nobody should put all their eggs in one basket, Senile Joe.  Nobody ever suggested that.

....but you've negated to mention timing.

That's a very important part of investing and knowing when to invest & knowing when to pull out.

But that's just like a gambler at a poker table. And just like gambling the stock market runs on the principles of probability and chance.

"Know when to hold em, know when to fold 'em."


While others may think otherwise, I'd rather not invest in the markets at the moment. Maybe they're right & maybe I'm wrong.

However after reading reports and economic data, I don't think it's the right time. But that's just my opinion.

People told me last year that gold was a poor buy and would not go up. However in this case they were wrong and I was right. I based that decision on economic data in order to make the most rational decision I thought possible.

At the same time I'm also quite aware that gold is a volatile commodity. It can swing either way and I am prepared to take that risk. But worst case scenario is it won't crash absolutely. It will always be worth something and can be redeemed for cash. There will always be a buyer for it.

As I indicated I don't really view gold as an investment. It's a hedge against uncertainty which we are living through right now. One of these variables is currency devaluation which is a possibility if for instance the Canadian dollar falls in value.

In which case what is better to own? Gold or the Canadian dollar? Our dollar has fallen sharply in the past so it could happen again.

QuoteIn a casino, the odds are against you.

In the stock market, the odds are for you.

.....both run on the same principle that there are more losers than winners.

Just like the casino that's why the stock markets remain in business.

They have to because if everybody won all of the time and made money their handlers wouldn't win.

Meanwhile, josephine previously stated he bought shitloads of collector coins for way the fuk over what spot would be..... josephine lies.

Quote from: Lokmar on March 06, 2024, 08:34:19 AMMeanwhile, josephine previously stated he bought shitloads of collector coins for way the fuk over what spot would be..... josephine lies.

Yeah I did buy some collector coins over spot value Lokmeer!

But some are also considered very rare & sought after by collectors around the world. 250 known specimens or less.

Some of them are so rare that they come up for sale once every 5-10 years.

Actually Lokmeer I missed a chance to buy a few and now I'm kicking myself for losing my nerve. 1909 Canada gold sovereign ms61. 1881 Newfoundland $2 gold ms61. They were both good buys at great prices.

"I shoulda woulda coulda!"

Have you ever had that experience Lokmeer?

Fuck its agonizing!

When you miss some of those buys ya may never see them again and that is painful.

I scored a few winners but I certainly missed out on other deals I tell ya.

I haven't bought many collector coins lately Lokmeer.

But if I do from now itll be only if they are a deal. Like 1/2 price?

Dealers usu dont pay more than 50% of the book value. Collectors are also looking for deals too. So there's little point paying way over asking if they have to be sold one day.

I like antique Canadian and 19th century American coins actually.

Maybe if there's a downturn there'll be some good deals way below asking eh?

I also bought some collector American comic books as well which I admit were an extravagance.

Zap comix #0, 1, 2 1st printings eh?

Those are very rare. Maybe 500 printed of each issue?

The Mighty Thor #1. Fewer than 1200 copies known to exist.

If the SHTF guess I'll jes hang on to em. Even during hard times people need some form of entertainment eh.

Quote from: JOE on March 06, 2024, 11:27:20 AMYeah I did buy some collector coins over spot value Lokmeer!

But some are also considered very rare & sought after by collectors around the world. 250 known specimens or less.

Some of them are so rare that they come up for sale once every 5-10 years.

Actually Lokmeer I missed a chance to buy a few and now I'm kicking myself for losing my nerve. 1909 Canada gold sovereign ms61. 1881 Newfoundland $2 gold ms61. They were both good buys at great prices.

"I shoulda woulda coulda!"

Have you ever had that experience Lokmeer?

Fuck its agonizing!

When you miss some of those buys ya may never see them again and that is painful.

I scored a few winners but I certainly missed out on other deals I tell ya.

I got rid of almost all the collector coins I had. I only have some Constitutional Silver and Silver Eagles.

Quote from: Lokmar on March 06, 2024, 09:21:41 PMI got rid of almost all the collector coins I had. I only have some Constitutional Silver and Silver Eagles.

I like some of those antique American coins from 1820-1860 from pre-industrial America.

Quote from: TheProwler on March 06, 2024, 02:01:01 AMYou seem to know a lot of losers, Senile Joe.

...is this guy a loser too Prowler?


He nearly went bankrupt Prowler.

But now he is a billionaire.

Quote from: Lokmar on March 06, 2024, 09:21:41 PMI got rid of almost all the collector coins I had. I only have some Constitutional Silver and Silver Eagles.

Joe should be paying you some of his imaginary gold as a fee for replying to his bullshit.

Quote from: Herman on March 06, 2024, 10:16:10 PMJoe should be paying you some of his imaginary gold as a fee for replying to his bullshit.

I'm gonna buy more gold soon, Herm.

Quote from: JOE on March 06, 2024, 07:30:35 AMIn which case what is better to own? Gold or the Canadian dollar? Our dollar has fallen sharply in the past so it could happen again.

Do you think that when you own shares of a company, you only own money?


Fuck, you are so stupid it is ridiculous.

Quote from: JOE on March 06, 2024, 07:44:28 AM.....both run on the same principle that there are more losers than winners.

Just like the casino that's why the stock markets remain in business.

They have to because if everybody won all of the time and made money their handlers wouldn't win.

Senile JOEJ, that has to be one of the dumbest, most uninformed thing I have ever read.

You are an absolute retard.

Retard Joe, when you buy stock in a company and that company makes a profit (you know, like by charging their customers for their goods and services), that profit is shared with the shareholders.  The stock market is not a closed system with no external input of profit.  How fuckin' stupid are you?

Honestly, at this point you have just shown yourself to be so incredibly uninformed that the only possibility is that you are really fuckin' dumb.

I cannot help you grow a brain, you retarded cunt, so I guess you are just going to have to remain incredibly stupid.

Unbelievable.

Quote from: JOE on March 06, 2024, 09:59:54 PM...is this guy a loser too Prowler?

He nearly went bankrupt Prowler.

But now he is a billionaire.

Tell me why I care about that asshole, again?

Quote from: TheProwler on March 07, 2024, 12:24:14 AMTell me why I care about that asshole, again?

Well fer starters he's richer smarter went to a better school than you did Prowler.

Hey josephine, stupid fucker. sell that gold soon.

Quote from: JOE on March 07, 2024, 08:34:08 AMWell fer starters he's richer smarter went to a better school than you did Prowler.

It is very unlikely that he is smarter than me.

If you are listening to him and you actually understand what he is saying, then what he is saying is very simple and what I would consider common knowledge or common sense.

Quote from: Lokmar on March 07, 2024, 11:15:57 AMHey josephine, stupid fucker. sell that gold soon.

Ta who Lokmeer?

It keeps goin' up!

Gold could be at $2500 an ounce soon, Bud!

If it shoots past that, I'll buy yer farm & rent it out to ya fer goodwill so it'll give ya somethin' ta do.

Hire the Prowler out as yer farmhand, give him somethin' ta do as well.

Quote from: JOE on March 07, 2024, 06:34:41 PMTa who Lokmeer?

It keeps goin' up!

Gold could be at $2500 an ounce soon, Bud!

If it shoots past that, I'll buy yer farm & rent it out to ya fer goodwill so it'll give ya somethin' ta do.

Hire the Prowler out as yer farmhand, give him somethin' ta do as well.

Its not for sale, josephine. Besides, I already told you, you'd have a better chance of being buried on it than buying it.

I think overall, gold will go up. However, I think it will have a dip within a few months. It wont rocket until Saint Trump arrives again but thats just a complete guess.

You might be right for once, josephine.

Quote from: Lokmar on March 07, 2024, 06:47:42 PMIts not for sale, josephine. Besides, I already told you, you'd have a better chance of being buried on it than buying it.

I think overall, gold will go up. However, I think it will have a dip within a few months. It wont rocket until Saint Trump arrives again but thats just a complete guess.

You might be right for once, josephine.

Actually it's worrisome if Gold keeps goin' up Lokmeer.

It means the US Dollar is weak along with yer economy.

Even if yer Trump gets in, he's inheriting a lotta debt &  little room ta manourver....Lokmeer!

An economic shitstorm could hit if Trump get in...Lokmeer!

Quote from: JOE on March 07, 2024, 07:07:55 PMActually it's worrisome if Gold keeps goin' up Lokmeer.

It means the US Dollar is weak along with yer economy.

Even if yer Trump gets in, he's inheriting a lotta debt &  little room ta manourver....Lokmeer!

The economy will boom which means manufacturing will require more gold AND silver, dumb ass. WTF do you think will happen to gold and silver then? Figure it out, josephine.

Quote from: JOE on March 07, 2024, 07:12:36 PMAn economic shitstorm could hit if Trump get in...Lokmeer!

If by shit storm, you mean more jobs, higher wages, lower taxes, and a booming economy then yea....a real shit storm.

Quote from: JOE on March 07, 2024, 07:12:36 PMAn economic shitstorm could hit if Trump get in...Lokmeer!

The real shit storm happens in Senile Joe's head when he forgets how to tighten his velco strap shoes...

It pushes Shit-For-Brains Joe to his intellectual limit.

(https://www.walkingonacloud.ca/media/catalog/product/cache/0b7d652ddd460fa1e661807a020ed392/p/r/products9408-2008x1174-348188.jpg)

Quote from: Lokmar on March 07, 2024, 08:09:46 PMIf by shit storm, you mean more jobs, higher wages, lower taxes, and a booming economy then yea....a real shit storm.

so what's behind the rise of gold lately....Lokmeer?!?

Maybe DKG kin weigh in.

Every day I open up the financial papers, sez GOLD...up $10, 20 today.

https://goldprice.org/gold-price-chart.html

Is the US dollar goin' the way of the Zimbabwe or Venezuela currency?

Are ya feelin the effects of this devaluation yet?!

I shoulda bought 100 oz last year instead a 10, eh?

Quote from: JOE on March 08, 2024, 11:46:47 AMso what's behind the rise of gold lately....Lokmeer?!?

Maybe DKG kin weigh in.

Every day I open up the financial papers, sez GOLD...up $10, 20 today.

https://goldprice.org/gold-price-chart.html

Is the US dollar goin' the way of the Zimbabwe or Venezuela currency?

Are ya feelin the effects of this devaluation yet?!

I shoulda bought 100 oz last year instead a 10, eh?

LOL! You woulda had to sell everything your momma owned to do that!

Gold AND silver are artificially low....its difficult to know when the ship will right itself tho. Maybe now?

Quote from: JOE on March 08, 2024, 11:46:47 AMso what's behind the rise of gold lately....Lokmeer?!?

Most of my investments are in pizza and beer so I really don't know that much about it, but would inflation be a part of it? I mean everything else is going up in price so it figures gold and stocks would follow suit to keep up, but it seems like no real value is being added because everything else is going up too.

It's like when they say "Box Office receipts are the highest ever"... well yeah, a movie ticket is now 18 bucks where it used to be 12 bucks so of course receipts are higher... but that doesn't mean more people are going to the movies.

So I guess what I'm wondering is that when gold rises in value how much is due to inflation and how much is due to speculation? I wouldn't want to buy at a time the price is rising because everyone has gold fever. 

Just wonderin'...

Apparently a lotta the gold price rise has to do with China going on a buying spree.

Maybe after they've witnessed the rise of Trump's popularity as the uncontested Republican nominee and Biden's State of the Union Address they freaked. Their ally in the WH, Old man Biden aint gonna make it this time. He looks mighty shaky!

So China say,"Uh oh, game over! Better prepare ourselves in the event Trump wins another term."

I think the prospect of another Trump presidency has China scared shitless. Plus their economy is down in the dumps. This is in sharp contrast to the 2008 financial crisis when they were the healthy ones & the may have prevented economic collapse or decline.

That, and the fact the US banks are buying up the gold too because they're bracing themselves for more bankruptcies, commercial real estate crisis, bank failures and more difficult economic times on the horizon.

Maybe the growing BRICS coalition is also having an impact?

Plus all those wars that have to be paied for. Ukraine, Israel.

so it's a collision of several Black Swan events happening at the same time. Gold always rises on fear, doom and gloom and when the economic outlook is poor.

Lotta fear, so that's driving up the price of Gold.

I'd say there's a chance could hit $2500 an ounce by year's end. A tad optimistic (pessmistic? Depends on how the economic situation affects people individually.

But will see how the US/World economy unfolds in 2024. Should be interesting.

Quote from: Oliver the Second on March 08, 2024, 08:56:45 PMMost of my investments are in pizza and beer so I really don't know that much about it, but would inflation be a part of it? I mean everything else is going up in price so it figures gold and stocks would follow suit to keep up, but it seems like no real value is being added because everything else is going up too.

It's like when they say "Box Office receipts are the highest ever"... well yeah, a movie ticket is now 18 bucks where it used to be 12 bucks so of course receipts are higher... but that doesn't mean more people are going to the movies.

So I guess what I'm wondering is that when gold rises in value how much is due to inflation and how much is due to speculation? I wouldn't want to buy at a time the price is rising because everyone has gold fever. 

Just wonderin'...

Over the past century, markets have risen more than the rate of inflation.

Quote from: JOE on March 08, 2024, 11:46:47 AMso what's behind the rise of gold lately....Lokmeer?!?

Maybe DKG kin weigh in.

Every day I open up the financial papers, sez GOLD...up $10, 20 today.

https://goldprice.org/gold-price-chart.html

Is the US dollar goin' the way of the Zimbabwe or Venezuela currency?

Are ya feelin the effects of this devaluation yet?!

I shoulda bought 100 oz last year instead a 10, eh?

Sweetie, what did I tell you last night after we had sex about the dangers of timing the market. I don't you to waste your allowance on that.

If Senile JOEJ doubles his money on his gold investment, he could afford to buy a new set of tires for Lokmar's race car.

And have enough left over to buy himself a bus pass.

Quote from: TheProwler on March 08, 2024, 11:02:03 PMIf Senile JOEJ doubles his money on his gold investment, he could afford to buy a new set of tires for Lokmar's race car.

And have enough left over to buy himself a bus pass.

I'd be interested in throwing in $25,000 for stock investing Prowler but the market looks shaky lately. Down across the board today, eh.

When gold rises $100 or more in a week, somethin' amiss with the financial system right now.

That's a sign that there's a lotta scared investors out there right now. that's one reason why gold is going up.

BTW, the banks are scared too, Prowler.

They're all buyin' gold ta cover their tail ends, eh.
If things get bad, they got something to fall back on.

anyways, that gold ya laughed at me for buyin' ....worth more than I paid for it eh? I could sell tomorrow and make a profit.

Quote from: JOE on March 08, 2024, 11:09:21 PMWhen gold rises $100 or more in a week, somethin' amiss with the financial system right now.

Percentages, Senile JOEJ.

You do not talk about dollar amounts.

You talk about percentages.


For example:

Gold went up 5.72% this week.



I laugh at you because you go on and on and on about investing a few thousand dollars.

You are such a simpleton that saying the say thing over and over again keeps you entertained.


I think it is as fascinating as you are boring.

Be interesting to see where the economy and the markets are in 1-2 years TheProwlerT

These are not normal times.
There's gonna be a shakeout in the near future.

That's why I wouldn't go deep into the stock market right now.

Here's a guy who predicted the economic cycles we'd be in:

(https://miro.medium.com/v2/resize:fit:1400/format:webp/0*40rS-8dLpaO3yYbX.png)

He lived over 140 years ago.

According to him, we are headed into a down cycle.

Historians have said he was quite accurate.

Quote from: JOE on March 08, 2024, 11:39:52 PMThat's why I wouldn't go deep into the stock market right now.

You do not have a choice, you fucktard.

How much did your mother leave you?

Quote from: JOE on March 08, 2024, 11:43:42 PMHere's a guy who predicted the economic cycles we'd be in:

(https://miro.medium.com/v2/resize:fit:1400/format:webp/0*40rS-8dLpaO3yYbX.png)

He lived over 140 years ago.

According to him, we are headed into a down cycle.

Historians have said he was quite accurate.

You fuckin' idiot.

According to him we are already in a down cycle and you should be buying stock.

Do you even know what year it is, Senile JOEJ?

Quote from: TheProwler on March 09, 2024, 03:36:05 AMYou do not have a choice, you fucktard.

Why does anyone HAVE TO invest in the stock market TheProwlerT ?

Especially one with shaky fundamentals & poor economic conditions?

WHY do you insist that I don't have a choice Prowler?

Like the Investor Pros (and that DOESN'T INCLUDE YOU), I'd rather wait until there are some good deals to be had.

Your way is a surefire way to lose a lot of money - Buy at the Peak - yeah rite.

I cited those examples of people who went all in - they lost ALL of their money.

There's no need for ALL OR NOTHING.

Not even sensible and successful gamblers use that approach in a Casino.
So why would you do that in a Stock Market?

Is the Stock Market the ONLY venue for investing Prowler?

You seem to have a very narrow approach which can only lead to failure in the long run. Just like those people I knew who lost all their money.

Quote from: TheProwler on March 08, 2024, 11:24:59 PMGold went up 5.72% this week.

I laugh at you because you go on and on and on about investing a few thousand dollars.

You are such a simpleton that saying the say thing over and over again keeps you entertained.

...and why do you think the Banks and the Big Investors are buying so much gold these days Prowler? Why is China buying so much gold? That's what's pushing up the price.

...because they wanna cover their behinds in case the market or the economy tanks. Obviously somebody (or many) is quite scared.

And of course they're not 100% invested in Gold.

It's their buffer they use to cover their flank.

I don't think these big investors even care if Gold happens to go  down/dips a bit. They just want some insurance for tougher economic times ahead.

so it's not really an investment. It's a Hedge. Do you understand the difference Prowler?

And Gold is their insurance policy at the moment.

Anyways TheProwlerT , my take is that the doom 'n gloom news we're hearing lately won't come to a fore this year, but next - in 2025.

I've noticed that these events seem to take a year, year and a half before they materialize and become reality.

ie - someone last year forecast that the price of gold would skyrocket to $2800 USD per ounce by the end of 2023.


Never happened.

However...now we are seeing a rise in gold 1 year later.
so there's at least one year lag between when these predictions are made and when they actually happen.

Similarly, quite a few analysts are predicting an economic downturn later this year and a correction the stock market. Like this guy:


However, I'm more inclined to think these events he's prognosticating will unfold in 2025 under the watch of whomever is US President, be it Biden or Trump. One of them will be left 'holding the bag'. Same time, the polling trends appear to favor a Trump presidency.

Again...I'm not making definite predictions. Rather that these are POSSIBILITIES or PROBABILITIES. However, the increase over time.

Maybe DKG might weigh in with an opinion or 2?

Quote from: JOE on March 09, 2024, 06:28:45 AMWhy does anyone HAVE TO invest in the stock market TheProwlerT (https://thebluecashew.net/index.php?action=profile;u=3379)?

Nobody has to, you stupid faggot.

Quote from: JOE on March 09, 2024, 06:28:45 AMEspecially one with shaky fundamentals & poor economic conditions?

The market conditions are irrelevant to whether or not anyone has to invest in the stock market, you dumb cunt.

Quote from: JOE on March 09, 2024, 06:28:45 AMWHY do you insist that I don't have a choice Prowler?

Because you are not able to "go deep" because you do not have enough money, you dense fucktard.

Quote from: JOE on March 09, 2024, 06:28:45 AMLike the Investor Pros (and that DOESN'T INCLUDE YOU), I'd rather wait until there are some good deals to be had.

Your way is a surefire way to lose a lot of money - Buy at the Peak - yeah rite.

(https://i.imgur.com/489Lcmj.jpg)

Quote from: JOE on March 09, 2024, 06:28:45 AMI cited those examples of people who went all in - they lost ALL of their money.

There's no need for ALL OR NOTHING.

Not even sensible and successful gamblers use that approach in a Casino.
So why would you do that in a Stock Market?

Is the Stock Market the ONLY venue for investing Prowler?

You seem to have a very narrow approach which can only lead to failure in the long run. Just like those people I knew who lost all their money.

Retard JOEJ is such a retard.

Quote from: JOE on March 09, 2024, 06:39:48 AM...and why do you think the Banks and the Big Investors are buying so much gold these days Prowler? Why is China buying so much gold? That's what's pushing up the price.

...because they wanna cover their behinds in case the market or the economy tanks. Obviously somebody (or many) is quite scared.

And of course they're not 100% invested in Gold.

It's their buffer they use to cover their flank.

I don't think these big investors even care if Gold happens to go  down/dips a bit. They just want some insurance for tougher economic times ahead.

so it's not really an investment. It's a Hedge. Do you understand the difference Prowler?

And Gold is their insurance policy at the moment.

Wait.

Could you repeat that?


A few hundred more times?

You stuttering retard.

Quote from: JOE on March 09, 2024, 01:50:16 PMso there's at least one year lag between when these predictions are made and when they actually happen.

You are such a dumb cunt.


Here is a guaranteed prediction:

Senile Joe will continue to be a dumb cunt for the rest of his life.

Quote from: TheProwler on March 09, 2024, 01:56:28 PMYou are such a dumb cunt.


Here is a guaranteed prediction:

Senile Joe will continue to be a dumb cunt for the rest of his life.

No...I'd rather not invest at the wrong time dumb TheProwlerT

I'd rather wait, eh?

Basically, that's my philosophy in life dumb Prowler.

Never pay too much for anything.

Always git a deal.

As our good friend cc once said, "Buy Low and sell High."

But if you want to be in this market, be my guest, dumb Prowler.

A real insightful but short analysis for the reason of Gold's Rise DKG & dumb Prowler:

josephine, you dumb bitch, GET RID OF THEM COLLECTOR COINS!!!!

Here's an interesting video TheProwlerT & DKG might be interested in:


...this millionaire investor laments the lack of a free market for stocks.

He says:

"I come from a world where I wish Market forces determine market prices."

and then he adds:

"That's just not reality."

So when a highly successful investor states or admits that there is no free market in stocks and that it is manipulated, then it must be true.

BTW, that's around 5 mminuters - 5:30 into the video

I wish I had precious metals to gain wealth from.

Quote from: Bradley on March 09, 2024, 05:43:48 PMI wish I had precious metals to gain wealth from.

Jo Jo does too.

Quote from: JOE on March 09, 2024, 03:59:35 PMthat it is manipulated

And who do you think manipulates it, Senile JOEJ?


I gave you a hint earlier this week.....

I named the stock just hours before.....


Of course stock prices are manipulated in the short term.

But not in the long term.

Long term stock prices reflect their value based on the ROI of the company.

If the guy in the video says anything else, he is deceiving you.  Probably to manipulate the market and take advantage of dumb cunts like you....

Hahaha!!!!

Quote from: TheProwler on March 09, 2024, 09:09:39 PMAnd who do you think manipulates it, Senile JOEJ?


I gave you a hint earlier this week.....

I named the stock just hours before.....


Of course stock prices are manipulated in the short term.

But not in the long term.

Long term stock prices reflect their value based on the ROI of the company.

If the guy in the video says anything else, he is deceiving you.  Probably to manipulate the market and take advantage of dumb cunts like you....

Hahaha!!!!

You could have a better conversation with your coffee table than with poor old Joe.

Quote from: TheProwler on March 09, 2024, 09:09:39 PMAnd who do you think manipulates it, Senile JOEJ?


I gave you a hint earlier this week.....

I named the stock just hours before.....


Of course stock prices are manipulated in the short term.

But not in the long term.

Long term stock prices reflect their value based on the ROI of the company.

If the guy in the video says anything else, he is deceiving you.  Probably to manipulate the market and take advantage of dumb cunts like you....

Hahaha!!!!

Hey dumb Prowler, ifya wanna overpay for stocks in a hyped up market with weak fundamentals, be my guest.

Just like your cars, I know you like paying more than the stocks are worth dumb Prowler.

By the way, your car purchases were sure a waste of money, dumb Prowler.
You bought the wrong cars. For the amount you spent, you coulda bought a Shelby instead. Holds its value much better, maybe even increase after 10 years, eh? Not like your cars which will lose at least 1/2 the value in the same period, eh? Remember, always read the Hagerty Index before you throw money around like that, dumb Prowler.

BTW, getting back on topic, I'm in a position where I actually can 'time the market' since I'm not invested in it at the moment. I'm just in GIC's and gold, eh. So whenever it dips & seems like a bargain, I'll jump in.

Unlike you, I'm not gonna overpay fer anything & buy at the wrong time, dumb Prowler.

Quote from: JOE on March 09, 2024, 10:08:30 PMHey dumb Prowler, ifya wanna overpay for stocks in a hyped up market with weak fundamentals, be my guest.

I invited you a while ago to explain why you think the TSX is overpriced with weak fundamentals.

Because the TSX is not overpriced

and it

has strong fundamentals.

The PE Ratio of the TSX just recently went above 20 (it is 20.1).  Many solid blue chip companies have PE ratios of under 15.  Some under 10.

The fundamentals are strong.

You do not even understand how the stock market works, you dumb cunt.  You do not understand that companies make profits and those profits are dispersed to shareholders and/or kept in the company to increase the Owner's Equity of the company.

Senile JOEJ, 2024:  "It is like a casino."

You idiot.

Quote from: JOE on March 09, 2024, 10:08:30 PMJust like your cars, I know you like paying more than the stocks are worth dumb Prowler.

You are so jealous of my car, bus boy.

Quote from: JOE on March 09, 2024, 10:08:30 PMBy the way, your car purchases were sure a waste of money, dumb Prowler.

I can afford it, Senile JOEJ.

I do not mind paying for things that will make me happy.

Quote from: JOE on March 09, 2024, 10:08:30 PMYou bought the wrong cars. For the amount you spent, you coulda bought a Shelby instead. Holds its value much better, maybe even increase after 10 years, eh? Not like your cars which will lose at least 1/2 the value in the same period, eh? Remember, always read the Hagerty Index before you throw money around like that, dumb Prowler.

Blah blah blah.

We already went over this, Senile JOEJ.

My C8 Corvette gets very high ratings for maintaining its value.

You posted links to articles that stated my C8 Corvette is one of the Best at retaining its value.

It is too bad that your brain is shot and you cannot remember being smacked around for that blunder, you old Senile cunt.

Quote from: JOE on March 09, 2024, 10:08:30 PMBTW, getting back on topic, I'm in a position where I actually can 'time the market' since I'm not invested in it at the moment. I'm just in GIC's and gold, eh. So whenever it dips & seems like a bargain, I'll jump in.

You are missing the boat.

Your GIC's made way less than the average stock on the TSX over the last 12 months.

I mean, you are pretty financially destitute, Senile JOEJ.  That is The Truth.  You are trying to convince yourself that you know what you are doing, but that must be pretty hard when you live in a dingy little 1 bedroom apartment in the "bad part of town".

You are old and poor.

Quote from: JOE on March 09, 2024, 10:08:30 PMUnlike you, I'm not gonna overpay fer anything & buy at the wrong time, dumb Prowler.

You have to worry about every nickle and dime because you have not done well financially, Senile JOEJ.

I thought you were coming into an inheritance of a couple million dollars.  What happened to all that money, Senile JOEJ?

Did you already blow it on gay prostitutes?

Quote from: TheProwler on March 10, 2024, 01:51:03 AMI invited you a while ago to explain why you think the TSX is overpriced with weak fundamentals.

Because the TSX is not overpriced

and it

has strong fundamentals.

The PE Ratio of the TSX just recently went above 20 (it is 20.1).  Many solid blue chip companies have PE ratios of under 15.  Some under 10.

The fundamentals are strong.

You do not even understand how the stock market works, you dumb cunt.  You do not understand that companies make profits and those profits are dispersed to shareholders and/or kept in the company to increase the Owner's Equity of the company.

Senile JOEJ, 2024:  "It is like a casino."

You idiot.


You are so jealous of my car, bus boy.


I can afford it, Senile JOEJ.

I do not mind paying for things that will make me happy.


Blah blah blah.

We already went over this, Senile JOEJ.

My C8 Corvette gets very high ratings for maintaining its value.

You posted links to articles that stated my C8 Corvette is one of the Best at retaining its value.

It is too bad that your brain is shot and you cannot remember being smacked around for that blunder, you old Senile cunt.


You are missing the boat.

Your GIC's made way less than the average stock on the TSX over the last 12 months.

I mean, you are pretty financially destitute, Senile JOEJ.  That is The Truth.  You are trying to convince yourself that you know what you are doing, but that must be pretty hard when you live in a dingy little 1 bedroom apartment in the "bad part of town".

You are old and poor.


You have to worry about every nickle and dime because you have not done well financially, Senile JOEJ.

I thought you were coming into an inheritance of a couple million dollars.  What happened to all that money, Senile JOEJ?

Did you already blow it on gay prostitutes?

I thought you wrote did you blow gay prostitutes.  :s_laugh:

Quote from: DKG on March 10, 2024, 08:06:38 AMI thought you wrote did you blow gay prostitutes.  :s_laugh:

Your friend TheProwlerT is having another one of his episodic meltdowns fueled by his developmental disabilities ... DKG !

Enjoy!  :crampe:

Quote from: JOE on March 10, 2024, 06:21:49 PMYour friend TheProwlerT is having another one of his episodic meltdowns fueled by his developmental disabilities ... DKG !

Enjoy!  :crampe:

You are learning your place.

Senile JOEJ.


You are feeling it.

And it does not.

Feel.

Good.

GOLD is almost at $2200 per ounce.... LokmarL Lokmeer!


https://goldprice.org/

After it shoots past $2200, Gonna hit $2300 soon!

Quote from: JOE on March 27, 2024, 12:20:50 PMGOLD is almost at $2200 per ounce.... LokmarL Lokmeer!


https://goldprice.org/

After it shoots past $2200, Gonna hit $2300 soon!

Probably $2500 by years end. Did you finally listen and start buying bullion instead of collector coins?

Quote from: Lokmar on March 27, 2024, 12:43:35 PMProbably $2500 by years end. Did you finally listen and start buying bullion instead of collector coins?

Well I buy collector coins at near face value with low mintages LokmarL Lokmeer!

That way ya know they're not counterfeit eh? COA.

And because the ones I buy are pure gold there's no sales tax on them.

Even when ya buy bullion ya gotta be careful where ya buy it from. Places I go to assay everything that comes into their shops with $30,000 devices. Its really dicey if ya buy from the Internet.

There's a lotta fakes floating around these days...Lokmeer!

That's why you should buy all your bullion in person from a registered dealer so you can examine it

Quote from: JOE on March 27, 2024, 12:54:03 PMWell I buy collector coins at near face value with low mintages LokmarL Lokmeer!

That way ya know they're not counterfeit eh? COA.

And because the ones I buy are pure gold there's no sales tax on them.

Even when ya buy bullion ya gotta be careful where ya buy it from. Places I go to assay everything that comes into their shops with $30,000 devices. Its really dicey if ya buy from the Internet.

There's a lotta fakes floating around these days...Lokmeer!

That's why you should buy all your bullion in person from a registered dealer so you can examine it

I already told you several times, I buy bullion and buy it from reputable sources. When you go to sell some of that collector shit tho, they only give melt. At least an American Eagle or Cucknadian Maple will carry a premium.

'Cucknadian', eh?  :crampe:

Yeah I know the collector stuff might only resell for melt value.

That's why I bought it at near melt value.

The only collector gold coins that sell way above melt value are antique coins graded & encapsulated by NGC with low montages and few specimens in high grade with 100 or fewer known copies LokmarL Lokmeer!

Yer right. If they are too new and too common they probably won't have much collector value

Quote from: JOE on March 27, 2024, 02:04:11 PMYeah I know the collector stuff might only resell for melt value.

That's why I bought it at near melt value.

The only collector gold coins that sell way above melt value are antique coins graded & encapsulated by NGC with low montages and few specimens in high grade with 100 or fewer known copies LokmarL Lokmeer!

Yer right. If they are too new and too common they probably won't have much collector value

Well then, if you bought near melt, all that matters is the gold or silver content. You're fine.

I had a silver california commemorative coin that was my grandparents. It was sterling silver so in a SHTF situation, it was worthless. I sold it for scrap and added a few bucks and now have another silver eagle in its place. Now, no mater if the world goes on as usual or if it shits the bed, I have a coin with a universally recognized value.

I have a bunch of eagles, maples, britanias, even a few libertads that anyone with half a brain can quickly assess their value. I also hung onto some not so rare constitutional silver that was hand me downs.

I kinda like some of those American Collector Coins.

I just have one - an 1853 Gold Dollar coin.

If I buy any more of them itll only be the gold coins.

I notice at the auctions, the US coins always have bidders and they rarely go below asking. Even when the auctions are held in Canada the American coins are always popular and almost always sell right away.

Most foreign coins even the rare ones dont always sell and you can get a good deal on some of them. Even pay less than the melt value

YOU GUYS GOT GOLD FEVER

Quote from: JOE on March 27, 2024, 03:35:00 PMI notice at the auctions, the US coins always have bidders and they rarely go below asking.

Senile JOEJ, you just got caught in another lie.


And this one is a doozy!!!!



What you are calling the "asking price" is actually called a "reserve bid" in an auction.

And items are never sold for an amount less than the reserve bid.

Auctions do not even allow bids for less than the reserve bid.



The evidence is clear.


You do not even participate in the auctions, Senile Joe.

Quote from: TheProwler on March 27, 2024, 10:53:31 PMSenile JOEJ, you just got caught in another lie.


And this one is a doozy!!!!



What you are calling the "asking price" is actually called a "reserve bid" in an auction.

And items are never sold for an amount less than the reserve bid.

Auctions do not even allow bids for less than the reserve bid.



The evidence is clear.


You do not even participate in the auctions, Senile Joe.

Well TheProwlerT I've seen British Sovereigns go for $500 US

They've got nearly 1/4 ounce of gold

That's essentially Melt Value

I recently bought 1/2 ounce of gold at an auction for $1500 Canadian inc Buyers premium

That is the spot price of gold right now.

I also bought a foreign coin with 1/4 ounce of gold for $700 Canadianinc Buyers premium

And that is less than the current spot price of gold right now.

I bought 1/10 ounce or 3 grams of pure gold in a ring for $175 US inc Buyers premium
.

that's also less than the current price of gold.

When I bought it it was less than the price gold was trading at back then.

Here's a coin I bought from a coin seller in your town:

https://www.ebay.ca/itm/202672952558?itmmeta=01HT1RYD84NS8S7VESR4PHMWMY&hash=item2f303fd4ee:g:GVYAAOSwHFhc0eLI&itmprp=enc%3AAQAJAAAA0LaRdHDac3H9M3AjjkSaFznwTQYtNC6zBvhOYy6UjfEeiX89qqiQh8OSnmbjpaoOQoPPTALoyGui3YP9zl8QUinmu2tRje%2FM4pVFyi1R8CG90QdSDBjK7hQ1R%2Fr13ztk%2BDwB%2BY0yPZMrlbsXT5%2F5t43jfyifWtDrEUrVWaSW0Fq0VNrl%2Focv8Fb0cS3X%2BjCE6GIkbtjwq2xHMwzY7SMc6znXc3hrBlNWSlWDLLu%2Bczj4zaCsU8Eja1KJ91Yt6AeBKsDYuMZXgcdE3nq9XrG3NJo%3D%7Ctkp%3ABk9SR5TU-bjQYw

(https://i.ebayimg.com/images/g/GVYAAOSwHFhc0eLI/s-l1600.jpg)

I paid $2300 for it.

that was too much. $800 over melt value.

But if gold keeps goin up it might prove to be a wise investmnet.

It's a collector Canadian gold coin from 1914 TheProwlerT

Still they're asking over $3000 canadian on eBay and it's got 14 watchers.

so somebody wants it.

Mind you, that's special high grade MS-66, eh?

Even got Royal Canadian Mint certification, eh Prolwer?

The only coins I've bought on ebay were some 2021 Peace Dollars.

I wouldnt even do that now.

The online dealers and the Gold Center in Springfield are the only places I typically buy from. Even then, I measure every coin with calipers and weigh them.

Funny story, my kid noticed my scale one day and was really concerned because he recognized it as a scale used to measure dope.  :crampe: We both had a big LOL discussing what I used it for.

Quote from: Lokmar on March 28, 2024, 01:47:15 AMThe only coins I've bought on ebay were some 2021 Peace Dollars.

I wouldnt even do that now.

The online dealers and the Gold Center in Springfield are the only places I typically buy from. Even then, I measure every coin with calipers and weigh them.

Funny story, my kid noticed my scale one day and was really concerned because he recognized it as a scale used to measure dope.  :crampe: We both had a big LOL discussing what I used it for.

Senile Joe is living in a fantasy world.

He doe not buy and sell gold.

He suggested that some coins sell for under the "asking price".

That is not the way it works.  If there is no bid at the asking price or higher, then there is no sale.

The poor guy is just bullshitting again.

It makes me wonder what he really did with his inheritance.

Y'know TheProwlerT my vintage comic book collection is also worth more than your Corvette.

One of my comic books alone typically sells for $10,000 US Prowler


If I sold that collection I could go to a dealer and pick it up from the lot.

So if I sold my gold coin collection & vintage comic books I could buy your car 2 times in the same day Prowler.

But unlike your car my gold coins and comic books are appreciating assets. And yours are constantly deprecating and fast Prowler.

Moral of the story is...

Think smart & not dumb, Dumb Prowler

Quote from: TheProwler on March 28, 2024, 05:06:07 AMSenile Joe is living in a fantasy world.

He doe not buy and sell gold.

He suggested that some coins sell for under the "asking price".

That is not the way it works.  If there is no bid at the asking price or higher, then there is no sale.

The poor guy is just bullshitting again.

It makes me wonder what he really did with his inheritance.

Technically, I have seen a few coins sell for under melt. I suspect its because people are scared they arent real. We're talking a few dollars, not anything that I would claim was a great deal.

Greedy people get scammed on ebay all the time. I saw some asshole selling imitation gold plated eagles on ebay that were obviously fakes and the douchebag seller very very vaguely insinuated they werent genuine. They looked cast. People bought em and then complained they were fake. I thought, FFS, have you clowns even looked at a genuine coin?

Sheesh! People are fucking stupid AF!

Quote from: JOE on March 28, 2024, 07:51:36 AMY'know TheProwlerT my vintage comic book collection is also worth more than your Corvette.

One of my comic books alone typically sells for $10,000 US Prowler


If I sold that collection I could go to a dealer and pick it up from the lot.

So if I sold my gold coin collection & vintage comic books I could buy your car 2 times in the same day Prowler.

But unlike your car my gold coins and comic books are appreciating assets. And yours are constantly deprecating and fast Prowler.

Moral of the story is...

Think smart & not dumb, Dumb Prowler

If you're really holding onto collectables like that these days, you're a stupid fuck.

JOEJ is right about one things, cars are not good investments.

Depreciate as soon as you drive it off the lot.

Quote from: Kingoffrogs on March 28, 2024, 11:12:16 AMJOEJ is right about one things, cars are not good investments.

Depreciate as soon as you drive it off the lot.

Cars could be a good investment if they are purchased for that purpose Kingoffrogs

One idea I thought about is buying a vintage car listed with high sustainable value on the Hagerty Index (hagerty.com) and renting it out to movie studios and advertisers in my city which has a sizeable film industry.

I once drove a stretch limousine to a movie studio in Vancouver for the TV Series the Good Doctor and it was used a prop in one of their episodes.


I didn't actually drive the car in that scene, it was a stuntman who took over and cosmetic California license plates replaced the local ones for shooting purposes.

I suppose the producers wanted a large car with stunning visual effects which could sustain a scene so they chose a White Stretch Cadillac limousine and rented it from the company. So there definitely is a market for that stuff.

The trick is to somehow make it protitable tho.

From my own experience, driving for uber or your own private limo it's difficult to make a profit.

bTW, it's about 2:20 of the above clip where the stretch limousine drives into the emergency bay of the hospital.

Quote from: JOE on March 28, 2024, 07:51:36 AMY'know TheProwlerT my vintage comic book collection is also worth more than your Corvette.

One of my comic books alone typically sells for $10,000 US Prowler


If I sold that collection I could go to a dealer and pick it up from the lot.

So if I sold my gold coin collection & vintage comic books I could buy your car 2 times in the same day Prowler.

But unlike your car my gold coins and comic books are appreciating assets. And yours are constantly deprecating and fast Prowler.

Moral of the story is...

Think smart & not dumb, Dumb Prowler

Senile JOEJ, I could buy over 100 brand new C8 Corvettes if I sold my investments.

If I sold my house I could buy 10 more.


Weird flex, Senile Joe.

Quote from: Lokmar on March 28, 2024, 09:50:46 AMTechnically, I have seen a few coins sell for under melt.

Liar JOEJ did not say they sold for "under melt value"...he said they sold for "under asking price".


Nothing is sold for under the asking price (or the resrve bid amount).

You can not even register a bid for under the ask.


He is lying.

I dont buy cars as an investment. I either buy as transportation for work or for hobby racing.

IDGAF what happens to the value.

I have a house, a bunch of silver, a small amount of gold, and shitloads of weapons and ammo as investments.

Quote from: Kingoffrogs on March 28, 2024, 11:12:16 AMJOEJ is right about one things, cars are not good investments.

Depreciate as soon as you drive it off the lot.

Well, that is correct almost 100% of the time.

Things were funny during the Covid shutdown and used cars were selling for more than new cars, because there was a shortage of new cars.

So you could buy a new car and turn around as sell it at a profit if you were one of the lucky ones to be able to find a new car.

That was not true for all models, but it was true for my C8 Corvette and I know it was true for a lot of SUVs and large pickup trucks.

Regardless, Senile JOEJ goes on and on about it, when nobody has indicated that they ever considered a car to be an investment.

The vast majority of the time, a car is an asset that depreciates.  A new car usually depreciates very quickly.


But....

It is up to the person buying the car to weigh out the cost of depreciation versus the value of the experience of being the first owner of a car, of knowing that you performed the engine break-in properly, of knowing that a smelly rat-raced derelict like Senile Joe never dirtied the interior of the car, etc. etc.

Look TheProwlerT !

https://goldprice.org/

...Sez I'm $40 US per ounce richer today!

Gold keeps goin up!

It's insane..... LokmarL !

Quote from: JOE on March 28, 2024, 09:16:36 PMLook TheProwlerT !

https://goldprice.org/

...Sez I'm $40 US per ounce richer today!

Gold keeps goin up!

It's insane..... LokmarL !

How many ounces do you have, josephine?

Quote from: TheProwler on March 28, 2024, 04:48:26 PMWell, that is correct almost 100% of the time.

Things were funny during the Covid shutdown and used cars were selling for more than new cars, because there was a shortage of new cars.

So you could buy a new car and turn around as sell it at a profit if you were one of the lucky ones to be able to find a new car.

That was not true for all models, but it was true for my C8 Corvette and I know it was true for a lot of SUVs and large pickup trucks.

Regardless, Senile JOEJ goes on and on about it, when nobody has indicated that they ever considered a car to be an investment.

The vast majority of the time, a car is an asset that depreciates.  A new car usually depreciates very quickly.


But....

It is up to the person buying the car to weigh out the cost of depreciation versus the value of the experience of being the first owner of a car, of knowing that you performed the engine break-in properly, of knowing that a smelly rat-raced derelict like Senile Joe never dirtied the interior of the car, etc. etc.

Actually TheProwlerT I've often thought about how a person could make the most 'lossless' car purchase of any particular make 'n model car....and actually come out ahead, eh?

In other words unlike most cars, ya find something that ends being worth more in 10 years than ya paid for it. And ya could sell it for twice as much.

Is this 'the Holy Grail' of car economics? Kinda like turning water inta wine or lead inta gold?!

However the typical car purchase I saw in the driving industry is someone paid $100,000 for a stretch limo and in a couple of years it was worth only $10,000. And the amt of gas they burned was humongous

So it was a lose lose proposition all the way.  The only way to avoid going deeply inta the red was to drive those things 25/7 365 days of the year. And even then the owners barely broke even. Sometimes a profit but expenses often outweigh the receipts from the jobs. And the cars were hardly worth anything in the end.

Quote from: Lokmar on March 28, 2024, 09:20:48 PMHow many ounces do you have, josephine?

Ah not a lot really.

Just around 15 ounces.

Some of it collector gold.

I was thinking of striving for 20, but with the price of gold now skyrocketing not sure if I can afford to meet this target.

At this rate maybe all I can afford to buy is just 1 ounce per year

Quote from: JOE on March 28, 2024, 09:35:33 PMAh not a lot really.

Just around 15 ounces.

Some of it collector gold.

I was thinking of striving for 20, but with the price of gold now skyrocketing not sure if I can afford to meet this target.

At this rate maybe all I can afford to buy is just 1 ounce per year

Why do you talk about it so much when you have so little?

Quote from: JOE on March 28, 2024, 09:16:36 PM...Sez I'm $40 US per ounce richer today!

No you're not. You are potentially richer. You won't actually be richer until you sell it.

Well josephine, the general consensus is, you need a couple of tubes of SILVER coins, Constitutional silver dimes and quarters, and absolutely no more gold than what you already have for a SHTF situation.

I mean, any more than that and I'll have a hard time concealing it AND my DEagle after I come and take it all.

I travel light, josephine.

Quote from: Oliver the Second on March 29, 2024, 09:11:13 AMNo you're not. You are potentially richer. You won't actually be richer until you sell it.

Doh!

I knew there was a catch, Ollie!

Quote from: TheProwler on March 28, 2024, 10:15:47 PMWhy do you talk about it so much when you have so little?

Ah, it's more like a hobby fer me... TheProwlerT !

If it goes up it's nice.

But person shouldn't let the hype get to their heads too much.

REAL Gold stackers or stacking begins at 100 ounces, eh? That's when it starts ta git serious an you belong to an exclusive club

Otherwise the rest of us is jes hobbyist category

Anyway if you have as much money as you claim you oughta consider buying 100 oz starter pack.

The value of our money and recent currency evaluation means our money is becoming worth less every day Prowler.

Gold could go up to $2500 us an ounce by next year eh?

What that means is the gold isn't really worth more but the us & Canada dollars are worth less. Other countries are dumping these currencies lately so gold is one method to preserve yet purchasing power.

Anyway TheProwlerT our currencies will be worth a lot less by this time next year, eh?

There's an economic shitstorm brewing & things may change drastically for the worse in 2025 after the US Presidential Election

Quote from: JOE on March 29, 2024, 11:22:41 AMAh, it's more like a hobby fer me..

Yeah, I can see that.

So why do you talk like it is an investment?

What are you actually invested in?

It's the other end around and Thiel is deeply invested in Jo Jo's bottom line...

Quote from: Frood on March 29, 2024, 06:14:09 PMIt's the other end around and Thiel is deeply invested in Jo Jo's bottom line...

i get the appeal of "short term gains" but if he keeps "stuffing all his capital" in there at the rate hes going, poor ol' joes "stock is gonna spilt"....  :crampe:

Quote from: deadskinmask on March 29, 2024, 06:28:20 PMi get the appeal of "short term gains" but if he keeps "stuffing all his capital" in there at the rate hes going, poor ol' joes "stock is gonna spilt"....  :crampe:

It's ok.. Joe likes hoarding and the trickle of his golden years penision plan.

Plus he's apparently great at juggling multiple balls.

Quote from: Frood on March 29, 2024, 06:35:50 PMIt's ok.. Joe likes hoarding and the trickle of his golden years penision plan.

Plus he's apparently great at juggling multiple balls.

I'm interested in stock market investing , but not this year Frood

There are a lotta crazy gains being made these days in crypto and gold.

Something doesn't add up.

And then there are all these wars and the us election coming up.

So why bother investing in anything when they are at all time highs while the world economy is actually the shit's right n0w. Smart money would wait for these events to pass, let the dust settle and then invest when there's some possible deals to be had.

Likewise, would you have bought blue chip stocks for top dollar in 1929 right before the crash? Or in 1933 at the height of the great Depression when stocks were cheap?

Jo Jo has a massive deficit in his upstairs inventory but at least he gets his asset pounded by Thiel on the daily....

Anyways Frood there's definitely something wrong with the economy when gold goes up $20,30 or $40 a day...and actually holds those gains.

Usu in normal times gold goes up $10 in a day but then shaves those gains in a selloff.

I'm not discounting this will happen again but for now there is this unnatural dive into gold. When gold goes up this much and this fast it's a sign of bad times or bad times coming

Heirloom seeds will outperform gold once again. You can't eat gold or get seed stock from many modern GMO varieties. Reproduction has been increasingly phased out to ensure captivity/profits on the market.

People who put all their eggs in one basket are inevitably fucked.

i have heirloom seeds and unvaccinated sperm.... i stand to make a fortune....  :crampe:

Me too brother...

Quote from: JOE on March 29, 2024, 08:28:06 PMAnyways Frood there's definitely something wrong with the economy when gold goes up $20,30 or $40 a day...and actually holds those gains.

Usu in normal times gold goes up $10 in a day but then shaves those gains in a selloff.

I'm not discounting this will happen again but for now there is this unnatural dive into gold. When gold goes up this much and this fast it's a sign of bad times or bad times coming

Fuck, Senile Joe, I lost over $10K in the markets today....it might be time for me to hire you as my investment advisor.

Come to think of it, I probably lost more as I only checked my trading accounts.  I have more invested in a RPP too....

Time to panic?

Quote from: TheProwler on April 02, 2024, 04:54:56 PMFuck, Senile Joe, I lost over $10K in the markets today....it might be time for me to hire you as my investment advisor.

Come to think of it, I probably lost more as I only checked my trading accounts.  I have more invested in a RPP too....

Time to panic?

Really?

Yeah I noticed from the Globe and Mail Businees section markets were falling today.

But gold posted a $30-40 per ounce gain

But I don't gloat TheProwlerT

I bought gold after watching dozens of economic forecasting videos on YouTube last year. They were largely made by people on the Right

Fox News business videos featuring Stuart Varney for example

I try to be very objective and refrain from injecting my own personal biases into anything.

Way I see investing in anything is instead of expecting how much you can gain do a worst case scenario to figure how much you are willing to lose and for how long in case things go south.

That's my attitude with gold too. Last year when I bought at $1900 I figgered if it doesn't go up or it fell say to $1500 I'd be willing to absorb that loss. However it's gone the other way. So I've been lucky.

But that's what economists forecasting last year for 2024.

A big mud puddle. And they were warning about it & to watch out

Silver is making good gains. I'll sell if it hits $50/oz. I dont own enough gold to make any money.

Anyways TheProwlerT this guy thinks the Stock market could go even higher


But he also seems to warn that it's a very risky time in the markets

Quote from: Lokmar on April 02, 2024, 09:04:44 PMSilver is making good gains. I'll sell if it hits $50/oz. I dont own enough gold to make any money.

Personally I thinik Silver's real rise will come after Gold has become far too expensive for many to afford LokmarL okmeer.

So the buyers'll turn to the next nearest neighbor which many consider to be Silver.

so they'll say, "Heck if Gold's no longer affordeable, let's buy silver instead."

But that's just my hunch.

I think that happened last time in the 1970s

Silver hit around $50 an ounce but then was followed by a precipitious decline.

I think Gold when up to $980 but then fell considerably to $470.

Gotta remember, they're just commodities and could very well follow a similar pattern.

Go up...then go down.

So I suppose the trick is ta buy when they're not too expensive/high so when they fall back, it won't be a loss to the investor/buyer who bought in when it was low.

Gold will reach a peak at some point and then fall back to a sustainable level...I think.

Quote from: JOE on April 02, 2024, 10:41:37 PMPersonally I thinik Silver's real rise will come after Gold has become far too expensive for many to afford LokmarL okmeer.

So the buyers'll turn to the next nearest neighbor which many consider to be Silver.

so they'll say, "Heck if Gold's no longer affordeable, let's buy silver instead."

But that's just my hunch.

I think that happened last time in the 1970s

Silver hit around $50 an ounce but then was followed by a precipitious decline.

I think Gold when up to $980 but then fell considerably to $470.

Gotta remember, they're just commodities and could very well follow a similar pattern.

Go up...then go down.

So I suppose the trick is ta buy when they're not too expensive/high so when they fall back, it won't be a loss to the investor/buyer who bought in when it was low.

Gold will reach a peak at some point and then fall back to a sustainable level...I think.

Silver at $50 today would be like silver at $10 back then.

Quote from: Lokmar on April 02, 2024, 10:49:40 PMSilver at $50 today would be like silver at $10 back then.

This guy thinks Silver will go very $2000 per ounce:

Actually I don't think so.

But it might be good to have 100-200 ounces of silver.

Quote from: JOE on April 03, 2024, 07:12:45 AMThis guy thinks Silver will go very $2000 per ounce:

Actually I don't think so.

But it might be good to have 100-200 ounces of silver.

It will be about $40 before August and I will sell every silver coin I have.

Quote from: Lokmar on April 03, 2024, 09:38:12 AMIt will be about $40 before August and I will sell every silver coin I have.

Why would you sell if it continues to go up LokmarL okmeer?!?

Quote from: JOE on April 03, 2024, 10:43:11 AMWhy would you sell if it continues to go up LokmarL okmeer?!?

because it will come back down.

Quote from: Lokmar on April 03, 2024, 11:33:23 AMbecause it will come back down.

How much silver do you have?

I got 25 oz of bullion and about 35-40 oz collector silver

But I'd like to get maybe 75 more oz bullion

Quote from: JOE on April 03, 2024, 11:43:37 AMHow much silver do you have?

I got 25 oz of bullion and about 35-40 oz collector silver

But I'd like to get maybe 75 more oz bullion

A bit less than 100 coins....I think about 80.

I've got 2 of those 2021 Peace Dollars. I broke my own rule by not dumping them for bullion. I still might do it.

Yknow LokmarL okmeer - there is no better precious metal.

Gold is not better than silver &
Silver is not better than Gold.

They work in tandem with one another.

I see Gold as yer Fort Knox/ Central Bank

And

Silver as yer neighborhood bank


In other words they don't exist independently of each other.

While Gold is useful as a large store of wealth...

Silver is whatcha would use to transact and buy things with.

Likewise you have a Central Bank like the US Fed...

...but they still need regular banks to interface with the average consumer. Ie car house loans paying bill etc.

Where I see silver is spending money.

Other words you save in gold but buy and sell the silver or buy things with it.

So you dont have touch the gold unless you have to. Use the silver instead unless its for very large purchases.

Stories in Venezuela where population was or is starving. But the used an ounce of silver to buy a cow. On the other hand they used the gold to buy a house.

So gold and silver are both useful but serve a different purpose. And you can buy sell or exchange gold and silver for each other.

Quote from: JOE on April 03, 2024, 03:20:15 PMYknow LokmarL okmeer - there is no better precious metal.

Gold is not better than silver &
Silver is not better than Gold.

My gamble is that gold should be priced at about 60x what silver is based on the theory that the silver market is heavily manipulated. Right now, gold is 87X the price of silver. If I'm right, the ship will right itself eventually making silver a better investment.

Holy fuck, another bad day for me.

Over $29K down today.

The markets did better, but my own holdings suffered.

Quote from: Lokmar on April 03, 2024, 05:00:28 PMMy gamble is that gold should be priced at about 60x what silver is based on the theory that the silver market is heavily manipulated. Right now, gold is 87X the price of silver. If I'm right, the ship will right itself eventually making silver a better investment.

I don't think the 60x ratio is coming that soon LokmarL okmeer.

But As you say, Silver price is heavily manipulated but so is gold.

I think the main reason gold is seeing a huge surge in price is because of China. If the powers that be (in the West) could suppress that activity they would. But because Chinas economy is in the dump its people and government are buying up huge amounts of gold and silver pushing up their prices. As you are probably aware their real estate and stock market has crashed and now their people are seeking safe havens.

I think China is presently the biggest buyer/hoarder of gold.

So these precious metals are like runaway race horses who've left the gate and they can't be caught and slowed down.

US & Europan banks are also shoring up their reserves in anticipation of economic problems due to commercial real estate and bank failures

Anyway gold hit and finished at $2300 US an ounce today LokmarL okmeer.

So $30 US silver might occur sometime this year.

Maybe July eh.

Quote from: JOE on April 03, 2024, 09:26:42 PMI don't think the 60x ratio is coming that soon LokmarL okmeer.

But As you say, Silver price is heavily manipulated but so is gold.

I think the main reason gold is seeing a huge surge in price is because of China. If the powers that be (in the West) could suppress that activity they would. But because Chinas economy is in the dump its people and government are buying up huge amounts of gold and silver pushing up their prices. As you are probably aware their real estate and stock market has crashed and now their people are seeking safe havens.

I think China is presently the biggest buyer/hoarder of gold.

So these precious metals are like runaway race horses who've left the gate and they can't be caught and slowed down.

US & Europan banks are also shoring up their reserves in anticipation of economic problems due to commercial real estate and bank failures

Well josephine, the entire time I told you to buy silver, the ratio was 89:1. Today, its 84:1.

Quote from: JOE on April 03, 2024, 09:30:15 PMAnyway gold hit and finished at $2300 US an ounce today LokmarL okmeer.

So $30 US silver might occur sometime this year.

Maybe July eh.

Silver is going up faster than gold.

Quote from: TheProwler on April 03, 2024, 09:06:46 PMHoly fuck, another bad day for me.

Over $29K down today.

The markets did better, but my own holdings suffered.

That sucks. Anything you've been able to pinpoint for the cause?

 I know this, pretty soon, the pain is coming to the dollar.

Quote from: Lokmar on April 03, 2024, 09:47:46 PMThat sucks. Anything you've been able to pinpoint for the cause?

 I know this, pretty soon, the pain is coming to the dollar.

Ha!

Yeah, a couple stocks that I hold had a couple bad days.


Should I sell now, Senile Joe???!?!?

Quote from: Lokmar on April 03, 2024, 09:47:46 PMThat sucks. Anything you've been able to pinpoint for the cause?

 I know this, pretty soon, the pain is coming to the dollar.

I just checked...since Jan.5 (we are slacking on keeping our records up to date) I have gained about $150K...and I know my wife has been doing better than me....so we are probably still okay.

Quote from: TheProwler on April 03, 2024, 09:06:46 PMHoly fuck, another bad day for me.

Over $29K down today.

The markets did better, but my own holdings suffered.

That's too bad Prowler

But that's why I was saying to you earlier, I wouldn't jump into these markets until there's a dip and the dust settles.

According to what I read and heard, there might a correction in the near future or 2025.

But that's not my opinion tho. Just what I read.

Quote from: Lokmar on April 03, 2024, 09:46:00 PMWell josephine, the entire time I told you to buy silver, the ratio was 89:1. Today, its 84:1.

But there's still time.... LokmarL okmeer!

Not too late, Bud!

I did buy a bit last year when it was $20 US or so.

Not a lot tho.

I guess I could buy 10 oz this weekend?

Is that a good amount...Lokmeer!?

Whaddya think, Bud?

Quote from: TheProwler on April 03, 2024, 10:37:37 PMHa!

Yeah, a couple stocks that I hold had a couple bad days.


Should I sell now, Senile Joe???!?!?

I don't know... TheProwlerT

Yer a grown man.

Only you know what's best fer you Prowler.

I don't know what the future holds.

all I know is from what I've been reading and hearing the business community is....

...generally speaking....it's not a great economic climate right now.

I think that's why companies are pouring so much money into AI right now.

It's their wunderkid of the future while things are down.

They hope it'll lift their sails.

The other potential bright spot outside of equities may be commodities.

This what it was like the in the 1970s Prowler and I was alive then.

Generally a shitty economy. No crash but the stock market just went sideways.

Because of inflation, it ate away all their potential gains.

Gold, silver and other commodities went up tho.

Maybe India is the place to invest?

what do you think about that Prowler?

Pretty soon they'll be the No 3 economy in the world.

Quote from: JOE on April 03, 2024, 11:15:37 PMBut there's still time.... LokmarL okmeer!

Not too late, Bud!

I did buy a bit last year when it was $20 US or so.

Not a lot tho.

I guess I could buy 10 oz this weekend?

Is that a good amount...Lokmeer!?

Whaddya think, Bud?

Well, its a bit more risky but its not like you'll lose your ass. Interest rates WILL be cut in a few months. The dollar WILL decline.

The question is, is the current increase in silver price being baked in to what's expected to happen to the dollar, or will silver increase even more.

Personally, I will buy another tube, maybe 2.

Quote from: Lokmar on April 03, 2024, 11:28:49 PMWell, its a bit more risky but its not like you'll lose your ass. Interest rates WILL be cut in a few months. The dollar WILL decline.

The question is, is the current increase in silver price being baked in to what's expected to happen to the dollar, or will silver increase even more.

Personally, I will buy another tube, maybe 2.

Maybe there's a meltdown comin' eh?

Say...2025, early 2026?

What do you think LokmarL okmeer?

Quote from: JOE on April 03, 2024, 11:46:29 PMMaybe there's a meltdown comin' eh?

Say...2025, early 2026?

What do you think LokmarL okmeer?

Wow, josephine, you've caught me not in a mood to be mean. Must be the whiskey......

Anywho, the average joe doesnt realize just how much money has been pumped into the system. Its an absurd amount. I've lost track in fact. A major crash will eventually happen but over the next several months, it will be a simple correction. The correction could even carry through 2025. I see gold hitting a max of $2700 to $2800 and then falling back to $2500. I suspect about 4-5 months into the Trump Presidency, we'll settle at $2500/oz. Maybe it'll even go down to $2300.

Remember when I said the stock market wouldnt be back to normal till it reached at least 33K when Trump was POTUS? Thats was because they nearly TRIPLED the money supply which means the previous DOW 11K of 2006 = Dow 33K, maybe even 36K. Ask yourself, how much more has been pumped in since 2018? Why hasnt the latest pump resulted in DOW 100,000? The same reason people think $20 minimum wage is a lot of money. The average human mind cant comprehend or actually accept a Weimar or Zimbabwe situation until AFTER they are living it.

If biden cheats another win, IDGAF about prices. I'll be strictly buying for a SHTF situation no matter the cost. Weimar 2.0 will happen for certain plus WW3 is far more likely if we arent already in it by then.

I would be cautious. I'm drinking tonight but then again, thats when I'm most transparent. The most important thing is to have at least 2 tubes of silver doubloons for a SHTF situation. The rest of it is just to have a bit of fun seeing if you can turn $1 into $2. Maybe you win a little, maybe you lose a little, but you wont go flat assed broke like some investments.

I would add that if I start claiming to buy 1oz GOLD bullion, shit your pants.

Quote from: JOE on April 03, 2024, 11:25:36 PMMaybe India is the place to invest?

India is fucked and will be more fucked as AI is rolled-out.

My wife and I both did our numbers....

All in we are up a little over $553K since Jan. 5

That is our trading, TFSA, RRSP, and RPP accounts.

Not other investments like real estate and other hard assets.

Only down $5000 today.

Could this be the turnaround I have been waiting for?

Quote from: TheProwler on April 05, 2024, 02:33:45 AMOnly down $5000 today.

Could this be the turnaround I have been waiting for?

'Sometimes the only thing more dangerous than a question is an answer.'

Ferengi rule of acquisition #208

Quote from: Oliver the Second on April 05, 2024, 09:10:43 AM'Sometimes the only thing more dangerous than a question is an answer.'

Ferengi rule of acquisition #208

I've got a bar and a strip of gold pressed latinum from the show!!!  :crampe:

They've got certificates and holographic star trek stickers!! I'M RICH, BEYOTCH!!

https://youtu.be/9fnl4Axt-y8

Quote from: TheProwler on April 04, 2024, 03:28:51 AMMy wife and I both did our numbers....

All in we are up a little over $553K since Jan. 5

That is our trading, TFSA, RRSP, and RPP accounts.

Not other investments like real estate and other hard assets.

While I WON'T/& DONT'T advise you what to do TheProwlerT rowler, this experienced vetern analyst/investor thinks we are in a bubble and the Stock Market is about to burst


However, this is not my prediction, just his.

Nor does it project how it will impact your portfolio.

So you can take it or leave it, just thought I'd throw it in for you to think about.

Quote from: JOE on April 05, 2024, 11:20:47 AMWhile I WON'T/& DONT'T advise you what to do TheProwlerT rowler, this experienced vetern analyst/investor thinks we are in a bubble and the Stock Market is about to burst

However, this is not my prediction, just his.

Nor does it project how it will impact your portfolio.

So you can take it or leave it, just thought I'd throw it in for you to think about.

I'm amazed that these tards in this video dont have a fucking clue.

While shits gonna hit the fan, its not for he exact reasons discussed. Its much simpler than that.

For example, the 2007/2008 bust was well known AND expected. In fact, people were screaming about it from the rooftops from the very instant that dems created the sub prime mortgage loans by threattening banks with bankruptcy unless they loaned to every broke assed nigger in the hood. Any dipshit with 1/2 a brain saw it coming.

It had ZERO to do with an over valued market and 100% to do with government creating a situation where banks were over leveraged and destined to fail. I can tell you I sure AF saw banks failing beforehand!!!

There isnt necessarilly an over valued market today either. As I told your dumb ass before, the market numbers are simply adjusting to reflect all the currency devaluation. Nothing has ACTUALLY gone up. What IS happening is the economy ALWAYS takes a bit of a shit during a POTUS election year. Companies, just like the one I work for, are air claiming that business will be flat when in fact they are down at least 20%. They do this to soothe  the ivestors and keep them in the boiling pot and to keep the stock price up which also keeps the investors in.

In short, josephine, these motherfuckers are playing 3D chess while you're barely playing checkers. You just dont know WTF is going on in the game and if that asshole in your video really believes his own bullshit, he's even dumber than you!

Gold went up another $41 US today..... LokmarL okmeer!

I mean..Horee shit!

How much higher can it go!?!

The amount it gained just today alone was 3 months of gains....  at very most.

Silver went up by a similar %.

Maybe slightly more, eh?

.

Quote from: JOE on April 05, 2024, 08:26:30 PMGold went up another $41 US today..... LokmarL okmeer!

I mean..Horee shit!

How much higher can it go!?!

The amount it gained just today alone was 3 months of gains....  at very most.

Silver went up by a similar %.

Maybe slightly more, eh?

Yep, no real sign of it correcting. It will likely pause at some point but again, when the interest rates get cut, there will be more meat on the bone.

I've been eyeballing platinum. I think it stays in the toilet for a while but if the economy comes back and IF the electrolyzer market takes off, it should double.

Quote from: Lokmar on April 05, 2024, 11:41:54 PMI've been eyeballing platinum. I think it stays in the toilet for a while but if the economy comes back and IF the electrolyzer market takes off, it should double.

4 years ago I had over $1000 US spendin' money courtesy of mostly American tourists. So I decided to but some precious metals with it.

I went to the local coin shop & they gave me a choice between gold silver and platinum. I went with the gold. 1/2 ounce of gold was roughly the same price of platinum.

4 years later the price of platinum has remained flat while both gold and silver have gone up. So had I bought that 1 oz platinum it would have lost money due to inflation. I have since concluded that platinum is a poor store of wealth.

However if you decide to invest in it, then you have to think long term. I think the main catalysts for price increase might be a disruption in its supply since South Africa holds 90% of the supply. So if something happens which reduces or cuts off its supply then platinum could go up.

The other is that gold becomes too expensive so people start turning to other precious metals including platinum and palladium.

Any event ya'd have to wait at least 5 maybe 10-15 years before or if you'd see a breakout in the Platinum price.

Personally I think lowly  copper'd be a better investment than platinum LokmarL okmeer.

And since you have a farm you actually have adequate storage facilities to store it. Copper gets sold by the pound or in bricks, not 1 oz ingots. So anyone with storage and space could store it for long periods of time.

The price of copper is likely to shoot up more dramatically and faster than Platinum or Palladium for that matter.

Anyway something for you to think about. I'm probably gonna start investing in commodities like copper soon, eh?

Quote from: JOE on April 07, 2024, 01:42:09 PM4 years ago I had over $1000 US spendin' money courtesy of mostly American tourists. So I decided to but some precious metals with it.

I went to the local coin shop & they gave me a choice between gold silver and platinum. I went with the gold. 1/2 ounce of gold was roughly the same price of platinum.

4 years later the price of platinum has remained flat while both gold and silver have gone up. So had I bought that 1 oz platinum it would have lost money due to inflation. I have since concluded that platinum is a poor store of wealth.

However if you decide to invest in it, then you have to think long term. I think the main catalysts for price increase might be a disruption in its supply since South Africa holds 90% of the supply. So if something happens which reduces or cuts off its supply then platinum could go up.

The other is that gold becomes too expensive so people start turning to other precious metals including platinum and palladium.

Any event ya'd have to wait at least 5 maybe 10-15 years before or if you'd see a breakout in the Platinum price.

Personally I think lowly  copper'd be a better investment than platinum LokmarL okmeer.

And since you have a farm you actually have adequate storage facilities to store it. Copper gets sold by the pound or in bricks, not 1 oz ingots. So anyone with storage and space could store it for long periods of time.

The price of copper is likely to shoot up more dramatically and faster than Platinum or Palladium for that matter.

Anyway something for you to think about. I'm probably gonna start investing in commodities like copper soon, eh?

There's a substantial chance that platinum will break out over the next 2 years.
1. As you mentioned, people looking at cheaper than gold alternatives
2. Saint Trump energized economy
3. Car companies accepting EV's have a limited market-Ford already pumping the brakes on EV's
4. Electrolyzer tech uses platinum
5. Devalued dollar has not been reflected in the price of platinum yet

Worst case scenario, you hold platinum 2 years and get out of it at $1100/oz

There's also rumors that the U.S. Mint may stop making platinum coins soon causing the U.S. coins to spike in value.

At any rate, there's pretty much zero risk of losing any money. Do what I say, josephine.

IT'S MONEY THAT MATTERS!

Quote from: Lokmar on April 07, 2024, 02:13:34 PMThere's a substantial chance that platinum will break out over the next 2 years.
1. As you mentioned, people looking at cheaper than gold alternatives
2. Saint Trump energized economy
3. Car companies accepting EV's have a limited market-Ford already pumping the brakes on EV's
4. Electrolyzer tech uses platinum
5. Devalued dollar has not been reflected in the price of platinum yet

Worst case scenario, you hold platinum 2 years and get out of it at $1100/oz

There's also rumors that the U.S. Mint may stop making platinum coins soon causing the U.S. coins to spike in value.

At any rate, there's pretty much zero risk of losing any money. Do what I say, josephine.

Well I already got 3 ounces and a bit LokmarL okmeer. And it hasn't gone up.

In fact its declined in price.

If her gonna dabble in Platinum or Palladium you have to be willing to hold it for a long time.

Other than the new technologies you've mentioned research AI to see what metals it needs. Copper is a key component along with rare earth metals like Platinum.

I would still invest in copper if I was you. That's what I'm going to do.

I spoke to an engineer with a PhD and he said that while platinum will always have its market share he thought it's a luxury metal intended for the high end. So while it has a potential for the upside it is somewhat limited.

Quote from: JOE on April 07, 2024, 02:58:30 PMWell I already got 3 ounces and a bit LokmarL okmeer. And it hasn't gone up.

In fact its declined in price.

If her gonna dabble in Platinum or Palladium you have to be willing to hold it for a long time.

Other than the new technologies you've mentioned research AI to see what metals it needs. Copper is a key component along with rare earth metals like Platinum.

I would still invest in copper if I was you. That's what I'm going to do.

I spoke to an engineer with a PhD and he said that while platinum will always have its market share he thought it's a luxury metal intended for the high end. So while it has a potential for the upside it is somewhat limited.

If you've lost money on platinum, WTH price did you buy at? $800 - $900 is the sweet spot for buying it. Your engineer buddy doesnt know what the fuck he's talking about. Platinum and Palladium will always have more value in industry than jewelry.

I fucked Jo Jo twice last night.

Quote from: Thiel on April 08, 2024, 04:24:57 PMI fucked Jo Jo twice last night.

When you strap the gag ball on him next time, slap the shit outta him and tell him he should have bought platinum when I told him. It went up $50 today!!!

Quote from: Thiel on April 08, 2024, 04:24:57 PMI fucked Jo Jo twice last night.

This is probably the only true comment in this entire thread.

Quote from: Herman on April 08, 2024, 06:15:47 PMThis is probably the only true comment in this entire thread.

You must be nostalgic for the time you spent in prison Herman erman when you had boyfriends crawlin all over ya.

You keep projecting your homoerotic fantasies. just don't do it on me 'kay?

Still I understand Herm. I have friends who spent time in 'da joint'. It really messed with their head like it did yours, hey Herm? Now They're really confused dudes.

Quote from: JOE on April 09, 2024, 02:41:19 AMYou must be nostalgic for the time you spent in prison Herman erman when you had boyfriends crawlin all over ya.

You keep projecting your homoerotic fantasies. just don't do it on me 'kay?

Still I understand Herm. I have friends who spent time in 'da joint'. It really messed with their head like it did yours, hey Herm? Now They're really confused dudes.

You should have bought platinum when I told you josephine. P.S., the silver to gold ratio is down to 83X too.

Too late now, josephine!

Quote from: Lokmar on April 08, 2024, 05:19:42 PMWhen you strap the gag ball on him next time, slap the shit outta him and tell him he should have bought platinum when I told him. It went up $50 today!!!

I don't tell Jo Jo what to spend his allowance on.

Quote from: Thiel on April 09, 2024, 04:40:41 PMI don't tell Jo Jo what to spend his allowance on.

Fukin dumb ass dont listen anyway.

Quote from: JOE on April 09, 2024, 02:41:19 AMYou must be nostalgic for the time you spent in prison Herman erman when you had boyfriends crawlin all over ya.

You keep projecting your homoerotic fantasies. just don't do it on me 'kay?

Still I understand Herm. I have friends who spent time in 'da joint'. It really messed with their head like it did yours, hey Herm? Now They're really confused dudes.

I am trying to be open minded, but I don't think anybody wants to read details of you and Thiel's sex life including your sick gay rape fantasies. Tell them to your boyfriend Thiel, not us.

Quote from: Herman on April 09, 2024, 06:59:29 PMI am trying to be open minded, but I don't think anybody wants to read details of you and Thiel's sex life including your sick gay rape fantasies. Tell them to your boyfriend Thiel, not us.

Jo Jo finds it difficult to keep our bedroom secrets to himself.

Quote from: JOE on April 09, 2024, 02:41:19 AMYou must be nostalgic for the time you spent in prison Herman erman when you had boyfriends crawlin all over ya.

You keep projecting your homoerotic fantasies. just don't do it on me 'kay?

Still I understand Herm. I have friends who spent time in 'da joint'. It really messed with their head like it did yours, hey Herm? Now They're really confused dudes.

Sweetie, would you like to wear that darling orange prison jump suit I bought you for our next fantasy role playing. Would you like me to be aggressive when I rape you?

Quote from: Lokmar on April 09, 2024, 05:27:40 PMFukin dumb ass dont listen anyway.

I'm thinking of buying more gold today.

Do you think that is a good idea... LokmarL okmeer?!?

Quote from: JOE on April 12, 2024, 06:45:21 AMI'm thinking of buying more gold today.

Do you think that is a good idea... LokmarL okmeer?!?

Hey dumbass, the gold silver ratio is down to 82:1. Whats that tell you?

Quote from: Lokmar on April 12, 2024, 09:03:55 AMHey dumbass, the gold silver ratio is down to 82:1. Whats that tell you?

I just bought 10 ounces of Silver, 2 ounces of Gold 'n 1 ounce of Platinum this weekend... LokmarL okmeer!

I thought I'd do it now cuz Iran had just attacked Israel meaning the prices of these metals SHOULD go up on Monday.

However.... I acknowledge that this doesn't mean that they will.

I just bought on a hunch not any rational thought.

Any event, if the prices don't rise, I don't think they could fall back too much.

And if they do, I'd be prepared ta accept a 20% loss of so.

That's still not as bad as say..Crypto or the Stock Market, where an Investor could actually lose that much in just 1 day & the Markets could fall as much.

Anyways, there's potential for the upside here...Lokmeer.

Will see how the metals market behaves during the week.

Quote from: JOE on April 14, 2024, 07:23:11 AMI just bought 10 ounces of Silver, 2 ounces of Gold 'n 1 ounce of Platinum this weekend... LokmarL okmeer!

I thought I'd do it now cuz Iran had just attacked Israel meaning the prices of these metals SHOULD go up on Monday.

However.... I acknowledge that this doesn't mean that they will.

I just bought on a hunch not any rational thought.

Any event, if the prices don't rise, I don't think they could fall back too much.

And if they do, I'd be prepared ta accept a 20% loss of so.

That's still not as bad as say..Crypto or the Stock Market, where an Investor could actually lose that much in just 1 day & the Markets could fall as much.

Anyways, there's potential for the upside here...Lokmeer.

Will see how the metals market behaves during the week.

I pretty much agree.

The debasing of the US currency, turmoil in the M.E., and fear of a SHTF situation are all combining to raise gold and silver. Mostly IMO is the debasing of the US Currency.

Platinum is a long hold. Pay no mind to what it does for the next year unless it jumps $500....then sell it.

Quote from: Lokmar on April 14, 2024, 01:53:20 PMI pretty much agree.

The debasing of the US currency, turmoil in the M.E., and fear of a SHTF situation are all combining to raise gold and silver. Mostly IMO is the debasing of the US Currency.

You beddah be right... Lokmeer! Otherwise no Christmas bonus fer you!

Quote from: Lokmar on April 14, 2024, 01:53:20 PMPlatinum is a long hold. Pay no mind to what it does for the next year unless it jumps $500....then sell it.

Well tharz no sense in selling the Platinum goes too low
...Lokmeer!

If Platinum falls it'd be a heckuva buying opportunity.

Jo Jo is so adorable counting his Monopoly money. :wub1:

Well, I followed yer advice an' bought 10 more ounces of Silver today.... LokmarL okmeer!

Butcha ya beddah be right, Bud.

Else yer job as my financial advisor/guru is on the choppin' block & I'll have ta fire ya.

So perform....or else

Quote from: JOE on April 15, 2024, 07:22:44 PMWell, I followed yer advice an' bought 10 more ounces of Silver today.... LokmarL okmeer!

Butcha ya beddah be right, Bud.

Else yer job as my financial advisor/guru is on the choppin' block & I'll have ta fire ya.

So perform....or else

BTW, STFU josephine. Shits right back up to record numbers this morning. Punch yourself in the face for me.

Quote from: Lokmar on April 17, 2024, 10:11:03 AMBTW, STFU josephine. Shits right back up to record numbers this morning. Punch yourself in the face for me.

Here's what over $10,000 US in previous metals looks like.... LokmarL okmeer!

(https://images2.imgbox.com/d5/63/lMMwVQcG_o.jpg)

May fav is the 3 piece Gold/Platinum/Silver coin set - 1 oz each.

I'll post a pic of the set in a box when I have the time, eh.

Here's what a 3 piece set of 1 ox Platinum, Silver 'n Gold looks like LokmarL okmeer:

(https://images2.imgbox.com/41/0d/HJwwQbhi_o.jpg)

I bought it cuz the price of the set = current sale price of the bullion.

$4900 Canadian = 3,556.95 US Dollars

Price Gold = $2386 USD
Price Platinum = $953.84
Price Silver = $28.36

Spot total = $3816 or about $4816

SD Bullion prices:

Gold: $2450
Platinum: $1029
Silver: $35
SD Prices $3514 US or $4850 Canadian

But their prices don't include shipping or applicable taxes

If Gold continues to go up, set will be worth more than what I paid for it, eh.

Quote from: JOE on April 18, 2024, 01:54:56 PMHere's what a 3 piece set of 1 ox Platinum, Silver 'n Gold looks like LokmarL okmeer:

(https://images2.imgbox.com/41/0d/HJwwQbhi_o.jpg)

I bought it cuz the price of the set = current sale price of the bullion.

$4900 Canadian = 3,556.95 US Dollars

Price Gold = $2386 USD
Price Platinum = $953.84
Price Silver = $28.36

Spot total = $3816 or about $4816

SD Bullion prices:

Gold: $2450
Platinum: $1029
Silver: $35
SD Prices $3514 US or $4850 Canadian

But their prices don't include shipping or applicable taxes

If Gold continues to go up, set will be worth more than what I paid for it, eh.

You showed that same set in both pictures, Senile JOEJ!!!

Is that the majority of your collection?!?!!??

That would be so sad!!!!

Hahaha!!!

Quote from: TheProwler on April 18, 2024, 04:24:07 PMYou showed that same set in both pictures, Senile JOEJ!!!

Is that the majority of your collection?!?!!??

That would be so sad!!!!

Hahaha!!!

Jo Jo is forgetful. In this instance he forgot to google different images. He is still a good lay though.

Quote from: JOE on April 18, 2024, 01:54:56 PMHere's what a 3 piece set of 1 ox Platinum, Silver 'n Gold looks like LokmarL okmeer:

(https://images2.imgbox.com/41/0d/HJwwQbhi_o.jpg)

I bought it cuz the price of the set = current sale price of the bullion.

$4900 Canadian = 3,556.95 US Dollars

Price Gold = $2386 USD
Price Platinum = $953.84
Price Silver = $28.36

Spot total = $3816 or about $4816

SD Bullion prices:

Gold: $2450
Platinum: $1029
Silver: $35
SD Prices $3514 US or $4850 Canadian

But their prices don't include shipping or applicable taxes

If Gold continues to go up, set will be worth more than what I paid for it, eh.

Shipping over $200 is free, josephine.

Quote from: Lokmar on April 18, 2024, 06:04:40 PMShipping over $200 is free, josephine.

Hey LokmarL okmeer...

I jes' checked and both Gold and Silver have REALLY climbed in the last hour.

$30 increase for Gold and .50 cents for silver.

But silver has gone up faster % wise.

I don't know what's driving that increase.

Is Israel ready ta launch a strike against Iran?

Is Iran closing the Strait of Hormuz?

What happend to drive the prices up like that?!

Quote from: JOE on April 18, 2024, 10:17:37 PMIs Israel ready ta launch a strike against Iran?

Started about an hour ago -

https://thebluecashew.net/index.php/topic,17392.msg538121.html#msg538121

Regular gas was $4.19 a gallon when I drove past the station today... my guess for tomorrow, I'll say $4.59 to $4.79...


Japan's Nikkei 225 led losses in Asia on Friday, falling 3.3%, while the broad based Topix fell 2.78%, along with declines in most other major Asian markets.

The losses come as a person familiar with the matter told NBC News that Israel carried out an operation in Iran. Stocks and risk assets tumbled, while safe havens rose.

Gold hit an all-time high as the Japanese yen also strengthened, while bitcoin plunged. Oil prices jumped more than 3% with global benchmark Brent crude futures crossing $90 a barrel. U.S. stock futures dropped more than 1%.

https://www.cnbc.com/2024/04/18/stock-market-today-live-updates.html

Quote from: JOE on April 18, 2024, 10:17:37 PMHey LokmarL okmeer...

I jes' checked and both Gold and Silver have REALLY climbed in the last hour.

$30 increase for Gold and .50 cents for silver.

But silver has gone up faster % wise.

I don't know what's driving that increase.

Is Israel ready ta launch a strike against Iran?

Is Iran closing the Strait of Hormuz?

What happend to drive the prices up like that?!

Them fukin dune coons wont be closing jack shit. The U.S. Navy will shut them fuckers DOWN!! PWN3D!

Quote from: Lokmar on April 19, 2024, 12:13:13 AMThem fukin dune coons wont be closing jack shit. The U.S. Navy will shut them fuckers DOWN!! PWN3D!

(https://www.letsthinkinenglish.org/wp-content/uploads/2021/10/What-Happens-Next-Title-No-Church-1080x608-1.jpg)

THE SUSPENSE IS KILLING ME!

...DRUMROLL. OOOH! AHHHH!

Next Week should be inerestin'!

Tomorrow too when the Markets Open.

Well, my Gold an' yer Silver went up today.... LokmarL okmeer!

So that 3 coin set I bought the other day - the metal is worth more than what I paid for it, eh?

Geez that was such a good deal. Includes a case worth $100. Then precious metals in the Highest Grade possible.

I think I might buy another 10 ounces of silver this weekend.

Whaddya think? Is that a good move...Lokmeer!?

Quote from: JOE on April 19, 2024, 08:59:06 PMWell, my Gold an' yer Silver went up today.... LokmarL okmeer!

So that 3 coin set I bought the other day - the metal is worth more than what I paid for it, eh?

Geez that was such a good deal. Includes a case worth $100. Then precious metals in the Highest Grade possible.

I think I might buy another 10 ounces of silver this weekend.

Whaddya think? Is that a good move...Lokmeer!?

I bought platinum. If Trump doesnt win, I may as well have it made into a hammer.

Silver and gold may stagnate for a while. I still think Silver takes off again had hits $36 next.

Quote from: Lokmar on April 20, 2024, 02:04:51 AMI bought platinum. If Trump doesnt win, I may as well have it made into a hammer

Platinum is a dead end LokmarL okmeer. It doesn't go anywhere.
Only reason I bought some recently is that it was art of a set which contained Gold.
The Gold will likely continue to go up in value but Platinum will stagnate for at least 5 more years. So if you buy 1 ounce of Platinum today, it'll probably still be worth $1000 in 5. Meanwhile, the US dollar will probably lose 30% of its value by then.

5 years ago, I had $1000 US dollars so I went out and bought some preciious metals.

I had a choice at this coin ship between gold, silver and platinum.

I think gold was trading at about $1600 a ounce then. Silver was about $20 an ounce. And Platinum was about $900-1000 an ounce. I could have bought 1 ounce of platinum but bought 1/2 ounce of gold and 5 ounces of silver. Had I bought the Platinum it'd be worth the same absolute dollar amount today. But kick in 20-25% inflation since then, and it's lost that much in value. But the gold and silver went the other way.

Platinum is primarily a high end industrial metal used for pricey technological applications. Where it might go up in the future is if it's used for emerging alternative energies are new supercomputers, etc. Also, if there's a disruption in the supply with South Africa or their political and economic situation gets dramaatically worse. Those are the 2 drivers for a potential rise in its value. Otherwise, you'll probably be waitin a long time ..... Lokmeer! Kinda like waitin for paint to dry.

In the meantime you coulda bought 1/4 ounce of silver and several silver round which might increase by 25% or more in the same time, eh?

I buy Platinum as an amusement. Personally I think it is an undervalued metal, but that that's just my opinion. I don't see how a metal 15 times rarer than gold, couldn't but one day go up in price. Long story short if you own Platinum it's more of the idea that you like having something which seems elusive, glamorous and attractive. However it's price point seems to indicate that it is not really a good investment while the other 2 are.

Quote from: Lokmar on April 20, 2024, 02:04:51 AMSilver and gold may stagnate for a while. I still think Silver takes off again had hits $36 next.

yeah, the price increases we've seen recently might be over for now. The next major bump may not occur for another 6 months or more. Conservatively, I'm fixing the year end price at about $2500 an ounce. $2600 is a tad optimistic but not outside the realm of possibilty. Likewise, I think most of my gold buying is done for the year. Unless I see some really good deals - such as gold selling below its sot value whether it's in coins, jewerly, pens, whatever.

That's what you should do with all these metals. Try to find deals where it's selling at or below spot value.

Quote from: JOE on April 20, 2024, 06:16:29 AMPlatinum is a dead end LokmarL okmeer. It doesn't go anywhere.
Only reason I bought some recently is that it was art of a set which contained Gold.
The Gold will likely continue to go up in value but Platinum will stagnate for at least 5 more years. So if you buy 1 ounce of Platinum today, it'll probably still be worth $1000 in 5. Meanwhile, the US dollar will probably lose 30% of its value by then.

5 years ago, I had $1000 US dollars so I went out and bought some preciious metals.

I had a choice at this coin ship between gold, silver and platinum.

I think gold was trading at about $1600 a ounce then. Silver was about $20 an ounce. And Platinum was about $900-1000 an ounce. I could have bought 1 ounce of platinum but bought 1/2 ounce of gold and 5 ounces of silver. Had I bought the Platinum it'd be worth the same absolute dollar amount today. But kick in 20-25% inflation since then, and it's lost that much in value. But the gold and silver went the other way.

Platinum is primarily a high end industrial metal used for pricey technological applications. Where it might go up in the future is if it's used for emerging alternative energies are new supercomputers, etc. Also, if there's a disruption in the supply with South Africa or their political and economic situation gets dramaatically worse. Those are the 2 drivers for a potential rise in its value. Otherwise, you'll probably be waitin a long time ..... Lokmeer! Kinda like waitin for paint to dry.

In the meantime you coulda bought 1/4 ounce of silver and several silver round which might increase by 25% or more in the same time, eh?

I buy Platinum as an amusement. Personally I think it is an undervalued metal, but that that's just my opinion. I don't see how a metal 15 times rarer than gold, couldn't but one day go up in price. Long story short if you own Platinum it's more of the idea that you like having something which seems elusive, glamorous and attractive. However it's price point seems to indicate that it is not really a good investment while the other 2 are.


yeah, the price increases we've seen recently might be over for now. The next major bump may not occur for another 6 months or more. Conservatively, I'm fixing the year end price at about $2500 an ounce. $2600 is a tad optimistic but not outside the realm of possibilty. Likewise, I think most of my gold buying is done for the year. Unless I see some really good deals - such as gold selling below its sot value whether it's in coins, jewerly, pens, whatever.

That's what you should do with all these metals. Try to find deals where it's selling at or below spot value.

I've shared a lot of information with you in the past. I wont be doing that with you moving forward. Once my target price on my gold and silver is met, I will be dumping ALL of them and moving solely to platinum.

I will continue to buy platinum, even at $1200/oz.

Quote from: Lokmar on April 20, 2024, 06:55:44 PMI've shared a lot of information with you in the past. I wont be doing that with you moving forward.

Why, LokmarL okmeer?!

I don't mind sharing my precious metals strategy with anyone. It's all on YouTube with stackers sharing theirs.

What you've 'shared' is nothin new. Lotsa stackers are very open about theirs.

Actually what I've learned about gold n silver is that if gold can be compared with bitcoin then silver is comparable to ethereum. That is...nobody really spends their bitcoin, they more commonly use ethereum or something else less expensive.

Gold is the high end of the precious metals chain and bitcoin is that of the crypto chain. So they transact with the cheaper stack or crypto. So a person who's managed to accumulate gold or bitcoin probably won't spend it on small purchases.

Maybe big ticket items like yachts homes cars etc. But the lower end stuff for food utilities and everyday items.

Any event I can see how gold and silver go hand in hand. Ya save in gold but spend in silver. And possibly accumulate silver and it exchange it for gold when the time is right. Or buy more silver with 1/10th ounce of gold etc

Quote from: JOE on April 20, 2024, 08:33:03 PMWhy, LokmarL okmeer?!

I don't mind sharing my precious metals strategy with anyone. It's all on YouTube with stackers sharing theirs.

What you've 'shared' is nothin new. Lotsa stackers are very open about theirs.

Actually what I've learned about gold n silver is that if gold can be compared with bitcoin then silver is comparable to ethereum. That is...nobody really spends their bitcoin, they more commonly use ethereum or something else less expensive.

Gold is the high end of the precious metals chain and bitcoin is that of the crypto chain. So they transact with the cheaper stack or crypto. So a person who's managed to accumulate gold or bitcoin probably won't spend it on small purchases.

Maybe big ticket items like yachts homes cars etc. But the lower end stuff for food utilities and everyday items.

Any event I can see how gold and silver go hand in hand. Ya save in gold but spend in silver. And possibly accumulate silver and it exchange it for gold when the time is right. Or buy more silver with 1/10th ounce of gold etc

I have some insider information on platinum. I work for a company that will have a fair amount of demand in an indirect way.

Quote from: Lokmar on April 20, 2024, 08:34:56 PMI have some insider information on platinum. I work for a company that will have a fair amount of demand in an indirect way.

Well I sometimes buy Platinum here and there. Generally if it takes a dip and goes lower in price. But I wouldn't be surprised if it went down further to between $800-900 an ounce. I might build up to a 10 oz platinum stack & then stop.

Palladium is another metal to watch I think it was $3000-4000 per ounce then plummeted recently to around $1000 per ounce. But as far as I can see nobody will sell it to you at that price. They often ask for a $200-400 premium and unlike the other metals you have to pay tax on palladium purchases

Quote from: Lokmar on April 20, 2024, 06:55:44 PMI will continue to buy platinum, even at $1200/oz.

Yeesh! I wouldn't.

I'd only buy platinum if it was low went down another $100 or more.

Anyways LokmarL okmeer here's an Insider tip...invest in copper or in a copper producer. This metal may well surge in demand and price in 2026.

...maybe even more than silver and gold because of AI, computers & the newer automobiles eh.

Anyway Palladium is even rarer than Platinum but its price is flat. So something 10 times rarer than platinum and 30 times rarer than gold is listed at just $1000 per ounce

Here's what I bought today ... LokmarL okmeer!

(https://images2.imgbox.com/ad/59/xtNaKIjS_o.jpg)

That cost me $304 US.

Do ya think that was a good buy?

One of yer bullion dealers sells it for a bit more than I paid up in Canada, eh?

https://sdbullion.com/1-oz-silver-buffalo-round

(https://sdbullion.com/media/catalog/product/cache/84187b6bf9989b50c3b9f106a6bdc2ac/1/-/1-oz-silver-buffalo-round-reverse-600-min.jpg)

That was for 10 Silver Buffalos

Quote from: JOE on April 20, 2024, 08:49:52 PMWell I sometimes buy Platinum here and there. Generally if it takes a dip and goes lower in price. But I wouldn't be surprised if it went down further to between $800-900 an ounce. I might build up to a 10 oz platinum stack & then stop.

Palladium is another metal to watch I think it was $3000-4000 per ounce then plummeted recently to around $1000 per ounce. But as far as I can see nobody will sell it to you at that price. They often ask for a $200-400 premium and unlike the other metals you have to pay tax on palladium purchases

Palladium wont be needed as much as platinum from what I know.

Quote from: JOE on April 20, 2024, 09:53:51 PMHere's what I bought today ... LokmarL okmeer!

(https://images2.imgbox.com/ad/59/xtNaKIjS_o.jpg)

That cost me $304 US.

Do ya think that was a good buy?

One of yer bullion dealers sells it for a bit more than I paid up in Canada, eh?

https://sdbullion.com/1-oz-silver-buffalo-round

(https://sdbullion.com/media/catalog/product/cache/84187b6bf9989b50c3b9f106a6bdc2ac/1/-/1-oz-silver-buffalo-round-reverse-600-min.jpg)

I would call that a good buy.

I bought 4 for my son today to start him a stack. I paid $133 but they were all government minted coins including maples, britanias, and eagles.

Quote from: JOE on April 20, 2024, 09:54:29 PMThat was for 10 Silver Buffalos

Very popular. Should be good barter in a SHTF or TEOTWAWKI.

Quote from: Lokmar on April 20, 2024, 10:00:17 PMVery popular. Should be good barter in a SHTF or TEOTWAWKI.

Funny that you should mention that cuz there was a story on YouTube that when the S does HTF, in some of these countries affected, they say that silver is easier to transact in than gold.


Oddly, the most popular game int town is the US dollar.

Argentinians would much prefer to be paid in the greenback than Silver or Gold.

But the guy says Gold would be difficult to unload in a place like Argentina.

I talked to a guy from Argentina and he said the same thing.

That hardly anyone transacts in Gold. Silver not so much either.

And the way people 'store' wealth in a highly inflationary environment where the currency constantly loses values is to buy things like land/real estate.

However, rampant inflation is a fact of everyday life in Argentina (probably Brazil too).

Guy told me when their currency devalues, people there really suffer and the stack US dollars whenever they can.

Quote from: JOE on April 20, 2024, 10:10:47 PMFunny that you should mention that cuz there was a story on YouTube that when the S does HTF, in some of these countries affected, they say that silver is easier to transact in than gold.

Oddly, the most popular game int town is the US dollar.

Argentinians would much prefer to be paid in the greenback than Silver or Gold.

But the guy says Gold would be difficult to unload in a place like Argentina.

I talked to a guy from Argentina and he said the same thing.

That hardly anyone transacts in Gold. Silver not so much either.

And the way people 'store' wealth in a highly inflationary environment where the currency constantly loses values is to buy things like land/real estate.

However, rampant inflation is a fact of everyday life in Argentina (probably Brazil too).

Guy told me when their currency devalues, people there really suffer and the stack US dollars whenever they can.

a

There's a few things to unpack there:

1. gold wont be as easy to barter for small items. It will be fantastic for high value items.
2. Silver will be good for smaller value items. However, I expect the exchange on silver/gold to be about 50-1 or 40-1, not the 82-1 its been lately.
3. SHTF = dollar=0

Quote from: Lokmar on April 20, 2024, 10:16:30 PMa

There's a few things to unpack there:

1. gold wont be as easy to barter for small items. It will be fantastic for high value items.
2. Silver will be good for smaller value items. However, I expect the exchange on silver/gold to be about 50-1 or 40-1, not the 82-1 its been lately.
3. SHTF = dollar=0

Well according to your theory, if the dollar goes to ZERO, then barter of EVERYTHING will become the norm. So commodities including gold and silver should shoot up in price and value because they would become a major medium of exchange.

Everything would be bought and sold with silver or some other commodity instead of cash which would be considered worthless.

Possibly we would have 2 systems?

An 'Official' System run by what remains of a Central government using their currency

and

An 'Underground' economy which much of the population will turn to.

Maybe the vast majority will only use the official system and it currency when using government services.

I think that's what they call a mercantile or mercantilist system.

Here's an interesting article I found LokmarL okmeer:

https://talesoftimesforgotten.com/2020/03/18/how-much-were-gold-coins-really-worth-during-the-middle-ages/

...How much was gold worth during the Middle Ages

Interesting is when measured by weight, it could buy approximately as much as it can today. It's purchasing power was about the same as today. ie - how much it would cost to buy a pig, camel, donkey, etc.

Gold 'n Silver fell quite a bit today .... LokmarL okmeer!

Gold by $70 per ounce & silver down by a whopping 5%!

https://goldprice.org/silver-price.html

What happened?! It was all goin' so nicely, but then....BOOM!

presto.

Next question is...how low can it go?!

Quote from: JOE on April 21, 2024, 01:06:18 AMHere's an interesting article I found LokmarL okmeer:

https://talesoftimesforgotten.com/2020/03/18/how-much-were-gold-coins-really-worth-during-the-middle-ages/

...How much was gold worth during the Middle Ages

Interesting is when measured by weight, it could buy approximately as much as it can today. It's purchasing power was about the same as today. ie - how much it would cost to buy a pig, camel, donkey, etc.

We know that, in the Byzantine world, one nomisma was enough to buy one pig. Today, you can buy a cheap feeder pig for under $100, but a well-bred pig can go for anywhere in the range of $300 to $1,000. In the Byzantine Empire, three nomismata was enough to buy a donkey. Today, the cost of one donkey is usually somewhere between $500 and $2,000.

Its silver that is artificially low tho. Gold was far far too low but now its mostly caught up....until the next round of debasement.

Quote from: JOE on April 22, 2024, 05:43:32 PMGold 'n Silver fell quite a bit today .... LokmarL okmeer!

Gold by $70 per ounce & silver down by a whopping 5%!

https://goldprice.org/silver-price.html

What happened?! It was all goin' so nicely, but then....BOOM!

presto.

Next question is...how low can it go?!

Profit taking. There's lots of people who bought at $11 to $18 that are cashing out.

The coin shops are flush with coins and bullion, so much so they're wholesaling it.

Since I bought in at $22.50 to $24, I could cash out but its not worth it. I'll hold.

Quote from: JOE on April 22, 2024, 05:52:59 PM

Maybe a buying opportunity for silver. Dont sell, dumbass.

Quote from: Lokmar on April 22, 2024, 07:30:51 PMProfit taking. There's lots of people who bought at $11 to $18 that are cashing out.

The coin shops are flush with coins and bullion, so much so they're wholesaling it.

Since I bought in at $22.50 to $24, I could cash out but its not worth it. I'll hold.

I dunno. Looks like both Gold 'n Silver are gonna take a dive LokmarL okmeer!

Approx $30 silver & $2400 gold were probably the ceiling for this year or so.

Maybe there'll be another bull run sometime around the US presidential election?

Anyways, somethin's gonna blow after yer elections, eh?

Meltdown galore in yer country no matter who wins.

Hate ta see all the mayhem and bloodshed's that's a comin'!

That's probably when the stock market and gold/silver prices will act real crazy, eh?

Quote from: JOE on April 22, 2024, 11:10:51 PMI dunno. Looks like both Gold 'n Silver are gonna take a dive LokmarL okmeer!

Approx $30 silver & $2400 gold were probably the ceiling for this year or so.

Maybe there'll be another bull run sometime around the US presidential election?

Anyways, somethin's gonna blow after yer elections, eh?

Meltdown galore in yer country no matter who wins.

Hate ta see all the mayhem and bloodshed's that's a comin'!

That's probably when the stock market and gold/silver prices will act real crazy, eh?

I dont think so, josephine. Who know tho, I might be wrong.

The economy is shit. The dollar is living on a prayer.

I believe this was the dip that was predicted almost exactly 1 month ago. I'd at least buy gold, for sure buy silver!

Right now, I'm agonizing about what to buy. Whats a better deal? Hmmmmmm.....

Quote from: Lokmar on April 22, 2024, 11:33:41 PMRight now, I'm agonizing about what to buy. Whats a better deal? Hmmmmmm.....

Probably you should buy a bit of gold and silver when they dip.

Last I saw gold still on its 2ay down. Now $2300 per ounce.

Gold might test the $2000-2100 per ounce level again

I think platinum is a dog unless you can buy it at a rock bottom price. Platinum went down too. So did Palladium. Never buy those 2 metals high j

Quote from: JOE on April 23, 2024, 12:07:31 AMProbably you should buy a bit of gold and silver when they dip.

Last I saw gold still on its 2ay down. Now $2300 per ounce.

Gold might test the $2000-2100 per ounce level again

I think platinum is a dog unless you can buy it at a rock bottom price. Platinum went down too. So did Palladium. Never buy those 2 metals high j

Platinum never went up much anyway. Its still a bargain and as I told you before, its a long hold.

Quote from: Lokmar on April 23, 2024, 01:13:58 AMPlatinum never went up much anyway. Its still a bargain and as I told you before, its a long hold.

If Platinum dips $100 or more per ounce, it could be a real bargain. Platinum at $700-800 could be a steal.

I wouldn't buy too much right now.

Next year it might fall some more.

Just keep watching out.

I noticed in the past year or so, Platinum fell to as low as $830 per ounce.

https://www.macrotrends.net/2540/platinum-prices-historical-chart-data

That woulda been a heckuva price to buy in at.

You gotta find that 'Golden' or 'Platinum' Bottom....Lokmeer!

May, 2020 $717 per ounce it hit bottom.

If the economy slows next year, this could drag the price of platinum down once again and make it a potential bargain to buy in at.

I'd keep an eye on its movements.

Might be worth lookin into.

Quote from: JOE on April 23, 2024, 10:06:54 PMIf Platinum dips $100 or more per ounce, it could be a real bargain. Platinum at $700-800 could be a steal.

I wouldn't buy too much right now.

Next year it might fall some more.

Just keep watching out.

I noticed in the past year or so, Platinum fell to as low as $700 per ounce.

https://www.macrotrends.net/2540/platinum-prices-historical-chart-data

That woulda been a heckuva price to buy in at.

You gotta find that 'Golden' or 'Platinum' Bottom.... LokmarL okmeer!

May, 2020 $717 per ounce it hit bottom.

If the economy slows next year, this could drag the price of platinum down once again and make it a potential bargain to buy in at.

I'd keep an eye on its movements.

Might be worth lookin into.

Its a bargan now. Then again, so is gold. So is silver and if you buy more silver, your money will increase quicker.

As I've told you repeatedly, josephine, I bought platinum recently as a long hold. When it does go up, it will rise quickly. Even quicker than silver in my estimation.

Anyways LokmarL okmeer, it appears that both gold and silver have sorta hit a bottom for now.

Seems $2300 was gold's resistance level and $27 for silver.

so if they manage to keep it there or not too much lower, that's a good sing.

Means there are still a lotta buyers out there and even in the event of a selloff, it will hold its own.

However, the same can't be said of bitcoin. In a selloff, it could dip much farther down than Gold or Silver.

Quote from: Lokmar on April 23, 2024, 10:15:46 PMIts a bargan now. Then again, so is gold. So is silver and if you buy more silver, your money will increase quicker.

As I've told you repeatedly, josephine, I bought platinum recently as a long hold. When it does go up, it will rise quickly. Even quicker than silver in my estimation.

Well it's not too bad a price at the moment.

$900?

But I was hoping it might dip again to $800 - which seems to be its latest low point.

$700 is possible, not out of the cards tho

Quote from: JOE on April 23, 2024, 10:18:50 PMAnyways LokmarL okmeer, it appears that both gold and silver have sorta hit a bottom for now.

Seems $2300 was gold's resistance level and $27 for silver.

so if they manage to keep it there or not too much lower, that's a good sing.

Means there are still a lotta buyers out there and even in the event of a selloff, it will hold its own.

However, the same can't be said of bitcoin. In a selloff, it could dip much farther down than Gold or Silver.

I'd buy bitcoin if it went below $20K.

Quote from: JOE on April 23, 2024, 10:18:50 PMit appears that both gold and silver have sorta hit a bottom for now.

Senile Joe, why did you say that you spent close to $3,000 on 10 ounces of silver?

Quote from: TheProwler on April 24, 2024, 12:21:35 AMSenile Joe, why did you say that you spent close to $3,000 on 10 ounces of silver?

He lies to get attention. You must have figured that out long ago.

Quote from: DKG on April 24, 2024, 07:14:35 AMHe lies to get attention. You must have figured that out long ago.

I am just picking on Senile JOEJ for being such a stooge.

He was going on about how I never post pictures of my investment documentation and house and whatever else...

So I thought it would be funny to get some of the cash that I have in my house and take a picture....which I did, and he then said he spent that much on 10 ounces of silver.  Take a look at the picture...he thought that was around $400!  Shit, there are five $100 bills there.  Over twenty $50 bills.  What kind of a retard does the math on that and comes to ~$400?

(https://i.imgur.com/1Ra42wt.jpeg)

Senile JOEJ is not good with numbers.

Hahaha!!!

Quote from: TheProwler on April 24, 2024, 09:43:26 PMSenile JOEJ is not good with numbers.

True, but he is submissive in bed and that is all that matters to me.

Quote from: TheProwler on April 24, 2024, 09:43:26 PMI am just picking on Senile JOEJ for being such a stooge.

He was going on about how I never post pictures of my investment documentation and house and whatever else...

So I thought it would be funny to get some of the cash that I have in my house and take a picture....which I did, and he then said he spent that much on 10 ounces of silver.  Take a look at the picture...he thought that was around $400!  Shit, there are five $100 bills there.  Over twenty $50 bills.  What kind of a retard does the math on that and comes to ~$400?

(https://i.imgur.com/1Ra42wt.jpeg)

Senile JOEJ is not good with numbers.

Hahaha!!!

I also bought 3 gold coins weighing 1 oz for more than you have displayed in that photo TheProwlerT Prowler. $3100. But they went up in value $300.

I will upload that image and the receipt later for you when I have the time.

Mmmm... good cracker!

Ritz is giving away a 24-karat gold bar in honor of its new 'Buttery-er' cracker

(https://i.imgur.com/vqiVWsw.png)

Ritz Crackers wants consumers to live life more "Buttery-er," a homage to its new Buttery-er Flavored Crackers.  In honor of the upcoming release, the company is giving customers a chance to win a 24-karat solid gold bar molded in the shape of a stick of butter.

Ritz teamed up with jewelry designer Greg Yüna to create the solid gold bar worth about $100,000.

The company's new butter-flavored cracker captures "the buttery flavor that fans know and love, elevating the flaky and irresistible crackers with an extra boost of decadence in every bite." The limited-time release will be available for a suggested retail price of $4.29 at retailers nationwide beginning on April 29.

"With the new limited-edition Buttery-er Crackers, we're taking it to the next level for our buttery-flavor loving fans by offering one lucky winner the ultimate prize of a 24-karat gold bar in the shape of a traditional stick of butter, all in homage to the extra buttery flavor they know and love," Mayte Killeen, senior brand manager at Ritz, said in a news release.

To enter the contest, consumers will have to post a video on TikTok using the Live Buttery-er TikTok effect from May 1 to 20. The video should include hashtags #livebutteryer and #RITZcontest in the caption to qualify for the contest.

For those who don't want to post a social media video, Ritz is also offering a mail-in alternative to entering the contest.

More info here -

https://www.prnewswire.com/news-releases/ritz-brand-introduces-limited-edition-buttery-er-flavored-crackers-along-with-the-chance-to-strike-gold-302124695.html


https://ktla.com/news/money-business/ritz-is-giving-away-24-karat-gold-bar-in-honor-of-its-new-buttery-er-cracker/

My platinum order came in this week. That shit is heavy for its size!

Quote from: Lokmar on April 25, 2024, 05:06:19 PMMy platinum order came in this week. That shit is heavy for its size!

If you don't mind me asking, how many ounces/pounds didja order.... LokmarL okmeer?

Just curious.

Don't worry tho, I'm not tryin' ta catch you in this regard.

don't want to stack too much platinum.

But I thought 10 oz tops I might try buyin'?

Like Silver, I'm not bullish on Platinum.

both are primarily industrial metals.

And if ya get lucky and it goes up to $3000, then sell it while it's high.

Likelihood, it's next high might be $2000 or $2500?

But unlike Gold, Platinum will probably never be a great store of wealth.
Palladium for that matter as well.

Gold could conceivably keep going up and reach $5000 one day and stay there, but Platinum may still be stuck at $1000 or less.

Quote from: JOE on April 25, 2024, 07:45:56 PMIf you don't mind me asking, how many ounces/pounds didja order.... LokmarL okmeer?

Just curious.

Don't worry tho, I'm not tryin' ta catch you in this regard.

don't want to stack too much platinum.

But I thought 10 oz tops I might try buyin'?

Like Silver, I'm not bullish on Platinum.

both are primarily industrial metals.

And if ya get lucky and it goes up to $3000, then sell it while it's high.

Likelihood, it's next high might be $2000 or $2500?

But unlike Gold, Platinum will probably never be a great store of wealth.
Palladium for that matter as well.

Gold could conceivably keep going up and reach $5000 one day and stay there, but Platinum may still be stuck at $1000 or less.

Not very much josephine. I'll stack maybe 10 oz total this year. It'll nearly double within a year making it a much better investment than gold. I'm buying it BECAUSE of its industrial use. Its going to be in very short supply soon.

Silver is STILL a better investment than anything else.

I believe gold and silver are at a bus stop right now. Its a buying opportunity, ESPECIALLY for silver.

Quote from: JOE on April 25, 2024, 02:58:30 AMI also bought 3 gold coins weighing 1 oz for more than you have displayed in that photo TheProwlerT Prowler. $3100. But they went up in value $300.

I will upload that image and the receipt later for you when I have the time.

Wow!!

You could buy a used 2001 Camry for that!!!!!!

Quote from: TheProwler on April 25, 2024, 11:48:35 PM
Wow!!

You could buy a used 2001 Camry for that!!!!!!

Better than what he gets around in now-city buses.

Quote from: Herman on April 26, 2024, 08:25:23 PMBetter than what he gets around in now-city buses.

I really do not give a shit about how most people live their lives.

But Senile JOEJ is a real asshole, so I enjoy mocking him.

Quote from: TheProwler on April 25, 2024, 11:48:35 PM
Wow!!

You could buy a used 2001 Camry for that!!!!!!

Your money, you said it was $3000:

(https://i.imgur.com/1Ra42wt.jpeg)

....could ALMOST buy this dumb TheProwlerT rowler:

(https://images2.imgbox.com/2c/4c/pwkJh50B_o.jpg)

...you would fall $100 short at today's Gold prices.

The precise weight of the gold content in those coins is 30.19 grams of gold, which is just shy of 1 troy ounce (31.10 grams)

I paid $3183.79 for all three coins, which is slightly more than today's gold spot price. $3,101.04

However, one of those coins is a collector 1912 CANADA $5 Gold

and they are asking $1300 CDN minimum on eBay these days.

the other coins include a 1977 1 Pahlavi coin weighing 7.32 grams or .2354 ounces

AND a

1977 $100 22 kt Gold coin from CANADA.

None of these coins is pure gold.

Therefore they were subject to sales tax.

Do you want me to show you what $3000 worth of Silver looks like dumb TheProwlerT rowler?

It's considerably larger in volume than gold.

Collector coins are a suckers bet if you think the SHTF soon.

Quote from: Lokmar on April 27, 2024, 12:23:16 AMCollector coins are a suckers bet if you think the SHTF soon.

They're OK as long as you don't pay too much over the face value of the gold.

Given that Gold is gradually going up in price, the price of their gold content will probably be worth as much as the future spot price, Lokmeer.

Actually, many collector silver coins are priced waaay over their actual silver content.

So if a person is gonna collect coins, they may as well collect gold coins not silver.

If collector coins will take a whack, it'll be those holding silver.

Quote from: JOE on April 27, 2024, 12:41:38 AMThey're OK as long as you don't pay too much over the face value of the gold.

Given that Gold is gradually going up in price, the price of their gold content will probably be worth as much as the future spot price, Lokmeer.

Actually, many collector silver coins are priced waaay over their actual silver content.

So if a person is gonna collect coins, they may as well collect gold coins not silver.

If collector coins will take a whack, it'll be those holding silver.

Then why the fuck arent you buying platinum instead? Why arent you buying silver instead? BOTH will increase faster than a collector gold coin!

Quote from: Lokmar on April 27, 2024, 12:44:51 AMThen why the fuck arent you buying platinum instead? Why arent you buying silver instead? BOTH will increase faster than a collector gold coin!

I have those goal of trying to collect all the antique gold coins made from 1865-1919, which was about 24 of them.

It's a tad unrealistic tho, is one of them alone is worth something like $30,000 US.

And you Americans have bought up the Majority of 'em.... LokmarL okmer!

I can't even find them in my own country...and that's where they were minted, eh?

You Americans love our Canadian gold coins, eh?

https://www.youtube.com/watch?v=-BVUr7fLy30

Unfortunately, you guys buy them all out

I bought that coin too, eh Lokmeer.

It cost me $6,000 US but that was in higher grade

A foolish buy, but at least I could re-sell it for that much.

...don't buy whatcha caint re-sell, eh?

Pathetic.

Quote from: JOE on April 27, 2024, 12:51:50 AMI have those goal of trying to collect all the antique gold coins made from 1865-1919, which was about 24 of them.

It's a tad unrealistic tho, is one of them alone is worth something like $30,000 US.

And you Americans have bought up the Majority of 'em.... LokmarL okmer!

I can't even find them in my own country...and that's where they were minted, eh?

You Americans love our Canadian gold coins, eh?

https://www.youtube.com/watch?v=-BVUr7fLy30

Unfortunately, you guys buy them all out

Fuk that! Its worth melt when shit goes sideways AND you have to convince someone what its worth. i.e. $230 US!!!!!!!

Sell that fukin thing and buy a maple or an eagle FFS!

Quote from: Lokmar on April 27, 2024, 09:03:06 PMFuk that! Its worth melt when shit goes sideways AND you have to convince someone what its worth. i.e. $230 US!!!!!!!

Sell that fukin thing and buy a maple or an eagle FFS!

You Americans have gobbled up all the high end Canadian coins... LokmarL okmeer!

And that's what has driven the prices up too!

Trouble is...many of them are so rare...that ifya see 'em once up fer sale, have ta buy them cuz probably never see 'em again...or at best once every 10 years/generation.

That's how rare they are, eh?

It's not even like a special edition car made in the hundreds.

It's like one of a kind or 10 total in existence.

Quote from: TheProwler on April 27, 2024, 12:07:36 AMI really do not give a shit about how most people live their lives.

But Senile JOEJ is a real asshole, so I enjoy mocking him.

He is a PI hound, and he is a serial bullshitter. That is why most folks ignore anything he writes.

Quote from: JOE on April 27, 2024, 09:28:34 PMYou Americans have gobbled up all the high end Canadian coins... LokmarL okmeer!

And that's what has driven the prices up too!

Trouble is...many of them are so rare...that ifya see 'em once up fer sale, have ta buy them cuz probably never see 'em again...or at best once every 10 years/generation.

That's how rare they are, eh?

It's not even like a special edition car made in the hundreds.

It's like one of a kind or 10 total in existence.

Thats fantastic, dipshit! Now sell that motherfucker and go buy 1.5oz or whatever amount of Maples.

Understand that more is better?

Quote from: Lokmar on April 28, 2024, 12:51:00 PMThats fantastic, dipshit! Now sell that motherfucker and go buy 1.5oz or whatever amount of Maples.

Understand that more is better?

I buy in trickles, not heaps.... LokmarL okmeer!

Something tells me most of the gains for gold 'n silver are done for the year.

The price will probably stay flat for 6 months or more until maybe 2025(?). Does that sound about right?

Gold and Silver investors tell us the sky's the limit.

However.... there's a lotta price manipulation goin' on.

Prices are only at these levels because the banks/elits/Wall stret/US Fed are 'comfortable' with those levels, eh?

Once the price starts goin' too high, they bring the prices down with massive selloffs. That's why the banks and the US guv has so much gold. So they can control the prices as much as they can.

Same time, the new entrance to the Gold/Silver race are China/Russia and they make a dent in the prices to...well sort of.

Anyways, I think the highs for gold 'n silver have been reach for 2024, Lokmeer. There's a scant chance that gold might test the $2500 level and Silver the $30 level, but unlikely it'll stay there. But there could be a bump ups in 2025.

that's what I'm guessing.

The banks your guve let the gold/silver prices rise when they need the money for their exenditures - ie War, Bank Failures, insolvencies. Gold 'n Silver are the US guv's collateral. And that's when the prices are allowed ta rise, eh?

Quote from: JOE on April 28, 2024, 02:10:09 PMI buy in trickles, not heaps.... LokmarL okmeer!

Something tells me most of the gains for gold 'n silver are done for the year.

The price will probably stay flat for 6 months or more until maybe 2025(?). Does that sound about right?

Gold and Silver investors tell us the sky's the limit.

However.... there's a lotta price manipulation goin' on.

Prices are only at these levels because the banks/elits/Wall stret/US Fed are 'comfortable' with those levels, eh?

Once the price starts goin' too high, they bring the prices down with massive selloffs. That's why the banks and the US guv has so much gold. So they can control the prices as much as they can.

Same time, the new entrance to the Gold/Silver race are China/Russia and they make a dent in the prices to...well sort of.

Anyways, I think the highs for gold 'n silver have been reach for 2024, Lokmeer. There's a scant chance that gold might test the $2500 level and Silver the $30 level, but unlikely it'll stay there. But there could be a bump ups in 2025.

that's what I'm guessing.

The banks your guve let the gold/silver prices rise when they need the money for their exenditures - ie War, Bank Failures, insolvencies. Gold 'n Silver are the US guv's collateral. And that's when the prices are allowed ta rise, eh?

Collector shit goes DOWN in value in a recession, dummy.

Quote from: Lokmar on April 28, 2024, 03:20:44 PMCollector shit goes DOWN in value in a recession, dummy.

yeah...I agree.....unless it's EXCEPTIONALLY rare.

Like 5 or fewer specimens available for sale at any given time.

Usually, those are only 1 available anywhere in the world.

Even if they go down or stagnate, those are about the only items that'll hold their value. Only cuz there's so few of them in existence.

so they can't really go down much futher if they're the only act in town... LokmarL okmeer!

But I would agree.. stuff where there's hundreds thousands even tens available at any given time will fall (and possibly quite hard) during a recession.

Anyways when I say there's 1 for sale, it means there's only 1 on the chopping block for all the thousands of collectors around the world ta buy.

So no matter what the economic conditions are, those items will always fetch a good price.

Sell that collector shit, stupid ass.

Quote from: Lokmar on April 28, 2024, 05:08:12 PMSell that collector shit, stupid ass.

So Lokmeer, today I completed an auction where I bought 6.775 grams pure gold (after excluding alloys), paid $660.80 Canadian or $480 US) including shipping/taxes. 31.15 g is 1 troy ounce,  Current spot is $505 USD. Minimum price I saw on Ebay for that coin excluding shipping and taxes is $540 US. So I got it at least $60 US less than the going rate. With taxes and shiping added that might be $100 US saved.

(https://dygtyjqp7pi0m.cloudfront.net/i/66258/52496369_1.jpg?v=8DC6966549F3B30&_ga=2.81710292.2146350758.1714496145-448714791.1708454494)

and 9 ounces of pure Canadian Junk silver (after excluding alloys), like you've recommended

Mind you that was some pretty nice 'junk', 80% Silver in each coin:

6 ounces pure silver 50 cent pieces (paid $211 Canadian or about $154 US)
Current spot price is $160

(https://dygtyjqp7pi0m.cloudfront.net/i/66258/52496440_1.jpg?v=8DC6968C030B2A0&_ga=2.204333523.2146350758.1714496145-448714791.1708454494)

3 ounces pure siver $1 pieces (paid $105.73 including taxes or about $77 US @$25/ounce)
Current spot price $80 US

(https://dygtyjqp7pi0m.cloudfront.net/i/66258/52496417_1m.jpg?v=8DC6967EA9B6BD0)

...so maybe I did about 5% below spot price on all of 'em?

so if it was sold retail might be 10-15% below retail?

That's what I was talkin to you about b'fore - buy below spot & yer laughin' Bud!

Buy it up, josephine!

Quote from: JOE on May 01, 2024, 09:55:04 PMSo Lokmeer, today I completed an auction where I bought 6.775 grams pure gold (after excluding alloys), paid $660.80 Canadian or $480 US) including shipping/taxes. 31.15 g is 1 troy ounce,  Current spot is $505 USD. Minimum price I saw on Ebay for that coin excluding shipping and taxes is $540 US. So I got it at least $60 US less than the going rate. With taxes and shiping added that might be $100 US saved.

(https://dygtyjqp7pi0m.cloudfront.net/i/66258/52496369_1.jpg?v=8DC6966549F3B30&_ga=2.81710292.2146350758.1714496145-448714791.1708454494)

and 9 ounces of pure Canadian Junk silver (after excluding alloys), like you've recommended

Mind you that was some pretty nice 'junk', 80% Silver in each coin:

6 ounces pure silver 50 cent pieces (paid $211 Canadian or about $154 US)
Current spot price is $160

(https://dygtyjqp7pi0m.cloudfront.net/i/66258/52496440_1.jpg?v=8DC6968C030B2A0&_ga=2.204333523.2146350758.1714496145-448714791.1708454494)

3 ounces pure siver $1 pieces (paid $105.73 including taxes or about $77 US @$25/ounce)
Current spot price $80 US

(https://dygtyjqp7pi0m.cloudfront.net/i/66258/52496417_1m.jpg?v=8DC6967EA9B6BD0)

...so maybe I did about 5% below spot price on all of 'em?

so if it was sold retail might be 10-15% below retail?

That's what I was talkin to you about b'fore - buy below spot & yer laughin' Bud!

My wife transferred $30,000 into her trading account today.

We got too much cash kicking around.

I might buy another car.


What kind of car do you drive, Senile JOEJ?

Quote from: TheProwler on May 03, 2024, 04:08:25 AMWhat kind of car do you drive, Senile JOEJ?

(https://i.ytimg.com/vi/3tPZmCIdgpM/maxresdefault.jpg)

Quote from: DKG on May 03, 2024, 09:58:40 AM(https://i.ytimg.com/vi/3tPZmCIdgpM/maxresdefault.jpg)

Actually DKG KG I have driven busses before but I never liked it.

Scariest moment once was when I turned into the right lane & nearly flattened a driver. Luckily nothing happened no one got hurt. I didn't see him and it could have been fatal.

So I'd rather never drive them again. Was never my forte anyway.

Quote from: Lokmar on May 02, 2024, 06:25:19 PMBuy it up, josephine!

I think I'm gonna slow down in the Metals buying for a while LokmarL okmeer.

Gold 'n Silver have stalled lately, hit a ceiling & are going down at the moment.

But at least it seems ta be stable at the moment.

Gold at $2300? Silver at $25?

Actually when the price was higher & rising, about a month I spoke with an mining engineer & he thought that the gold price was reaching its limit this year at around $2400. $2500 very max

what he told me is that Gold costs about $1400 US to mine - which is its break even point or what he labelled its 'theoretical price'.

And then he said the 'practical price' of gold is $1900 US.
Maybe that's the retail price it normally trades at?

And anything beyond $1400 is all profit for the mining companies.

Mind you his figures may be dated. Say we kick in inflation & the break even price now might be $1600-1700? And the practical price is now $2100-2200?

So perhaps its current price of around $2300 is around where it should be trading at. Likewise $25 silver.

I suppose next year there might be a bump in the prices again. Possibly a conservative estimate/2025 projection of $2500 Gold and $30 silver?

Quote from: TheProwler on May 03, 2024, 04:08:25 AMMy wife transferred $30,000 into her trading account today.

We got too much cash kicking around.

I might buy another car.

What kind of car do you drive, Senile JOEJ?

I could throw $30,000 inta the stock market if I wanted TheProwlerT he Prowler

However....I don't know if this is the best time to be throwing money into the markets. I keep hearing that there will be a crash or no less a correction in 2025 after the US elections are over.


Now of course, these are only predictions by some forecasters.
They are also frequently wrong as well.

Nevertheless I'd still rather wait 'til 2025/26 to see where things really are headed and that will provide a clearer picture.

If it all falls, there may be some deals to be had.
No sense in buying too high ifya can buy it low at a later date.

Planning to be a car sometime. Didn't wanna spend too much.
Hopefully I'll get something which is economical and reliable.
Gonna look around.

Stick to your sticky paged comic books and pre 70's junk silver, Johomo.

Quote from: Frood on May 04, 2024, 07:59:32 AMStick to your sticky paged comic books and pre 70's junk silver, Johomo.

I dunno.

Maybe my latest purchase wasn't even that great a buy Frood rood .

I'm not sure if it was worth it since junk silver's resale value is rather low. Pure silver is better. And of course Gold is way better than either.

Will see...but I probably won't buy too much more if it.

At least I didn't pay too much for the silver.

Quote from: JOE on May 04, 2024, 06:55:02 AMI think I'm gonna slow down in the Metals buying for a while LokmarL okmeer.

Gold 'n Silver have stalled lately, hit a ceiling & are going down at the moment.

But at least it seems ta be stable at the moment.

Gold at $2300? Silver at $25?

Actually when the price was higher & rising, about a month I spoke with an mining engineer & he thought that the gold price was reaching its limit this year at around $2400. $2500 very max

what he told me is that Gold costs about $1400 US to mine - which is its break even point or what he labelled its 'theoretical price'.

And then he said the 'practical price' of gold is $1900 US.
Maybe that's the retail price it normally trades at?

And anything beyond $1400 is all profit for the mining companies.

Mind you his figures may be dated. Say we kick in inflation & the break even price now might be $1600-1700? And the practical price is now $2100-2200?

So perhaps its current price of around $2300 is around where it should be trading at. Likewise $25 silver.

I suppose next year there might be a bump in the prices again. Possibly a conservative estimate/2025 projection of $2500 Gold and $30 silver?

Ask your buddy why silver is only $26/oz. Now re-read what you just posted and ask yourself how can silver be only $26/oz. Something is amiss with your post.

Quote from: JOE on May 04, 2024, 07:19:25 AMPlanning to be a car sometime. Didn't wanna spend too much.

Better make it a hatchback so you don't break the bank.

Quote from: Oliver the Second on May 04, 2024, 01:27:06 PMBetter make it a hatchback so you don't break the bank.

Joe doesn't want to pretend to buy a car. He wants to pretend to be a car.

Quote from: Oliver the Second on May 04, 2024, 01:27:06 PMBetter make it a hatchback so you don't break the bank.

Suits e fine Oliver ClotheshoffeO llie.

I've driven all those fancy cars drivin' limo.

They're jes fancy $200,000 paperweights which after a while feel like an anvil around yer neck.

The less expensive the car, the beddah.

Quote from: Lokmar on May 04, 2024, 01:11:50 PMAsk your buddy why silver is only $26/oz. Now re-read what you just posted and ask yourself how can silver be only $26/oz. Something is amiss with your post.

Well LokmarL okmeer, the guy never commented on Silver.

That's just my analysis.

If we're at @25/26 oz silver now, maybe it could climb to an average $28-30 by next year?

I'd wager Gold might be at $2500 resistance level by next year. Possibly $2600/2700 tho. (?)

It all depends on the political situation in the US & the World I suppose.

2025 will likely be a volatile year.

Quote from: JOE on May 04, 2024, 03:22:12 PMWell LokmarL okmeer, the guy never commented on Silver.

That's just my analysis.

If we're at @25/26 oz silver now, maybe it could climb to an average $28-30 by next year?

I'd wager Gold might be at $2500 resistance level by next year. Possibly $2600/2700 tho. (?)

It all depends on the political situation in the US & the World I suppose.

2025 will likely be a volatile year.

You never disappoint, josephine!

You always completely miss my point.

Quote from: Lokmar on May 04, 2024, 04:48:11 PMYou never disappoint, josephine!

You always completely miss my point.

....which is?!

Enlighten me.... LokmarL okmeer!

Quote from: JOE on May 04, 2024, 06:09:20 PM....which is?!

Enlighten me.... LokmarL okmeer!

Sorry josephine, I'm not drawing you a picture.

Rest assured, everyone else gets it.

Quote from: Lokmar on May 04, 2024, 08:09:46 PMSorry josephine, I'm not drawing you a picture.

Rest assured, everyone else gets it.

There was a recent story about Costco in the US buying up all the 1 oz Silver coins LokmarL okmeer:


All the while the price of silver still remains the same - stuck at $26 an ounce.

However, the guy in the video says the premiums are several dollars above spot and don't reflect the actual price.

do you find that's the case where you live....Lokmeer?

That they're hiding/suppressing the real price even tho its demand still remains high and is increasing?

What's goin' on here...Lokmeer?!

Here's 25 pieces of Canadian Junk Silver (9 ounces of pure silver excluding alloys) & 2/10th of a Troy Ounce of Hangarian Gold LokmarL okmeer:

(https://images2.imgbox.com/79/c6/txAnt5rG_o.jpg)

Israel plans invasion of Rafah in Gaza & gold/silver prices suddenly jump... LokmarL okmeer!


Something like $30 within an hour.

Quote from: JOE on May 06, 2024, 09:08:21 AMIsrael plans invasion of Rafah in Gaza & gold/silver prices suddenly jump... LokmarL okmeer!

Something like $30 within an hour.

Look at a satelite map of the area. Fucking desert to the south and east.

Rafah will soon be the same! HUZAH!!!!

Quote from: Lokmar on May 06, 2024, 09:58:00 AMLook at a satelite map of the area. Fucking desert to the south and east.

Rafah will soon be the same! HUZAH!!!!

Like a good Jew you oughta advocate peace not war Lokmeer

Quote from: JOE on May 06, 2024, 10:29:54 AMLike a good Jew you oughta advocate peace not war Lokmeer

I'ma war mongering joo, josephine. I'd push you off a hotel with no helmet.

Quote from: Lokmar on May 06, 2024, 11:12:16 AMI'ma war mongering joo, josephine. I'd push you off a hotel with no helmet.

Hey LokmarL okmeer.... yet silver is up over 3% today.

A nice 'baby bull run' eh?

Precious metals won't skyrocket until fiat goes worthless.


It's already suppressed... so nation states can buy and sell.

The point of having precious to individuals is keeping a portion of their wealth physical. People who trade or speculate in it are morons.

Precious is a SHTF plan. The smart money is in shelf stable commodities.. water filters... non gmo seeds... anything but metals. You can't eat or drink coins.

Quote from: Frood on May 06, 2024, 12:12:55 PMPrecious metals won't skyrocket until fiat goes worthless.


It's already suppressed... so nation states can buy and sell.

The point of having precious to individuals is keeping a portion of their wealth physical. People who trade or speculate in it are morons.

Precious is a SHTF plan. The smart money is in shelf stable commodities.. water filters... non gmo seeds... anything but metals. You can't eat or drink coins.

During a SHTF scenario, very few people will have everything and barter will be necessary. Silver shines in this realm.

I dont buy thinking I'm going to be an overnight millionaire but I expect to make 25% on silver within 5 years. I expect to make 40%+ on platinum within 1 year.

Quote from: Lokmar on May 06, 2024, 01:18:06 PMDuring a SHTF scenario, very few people will have everything and barter will be necessary. Silver shines in this realm.

I dont buy thinking I'm going to be an overnight millionaire but I expect to make 25% on silver within 5 years. I expect to make 40%+ on platinum within 1 year.

Maybe you will, maybe you won't, but I wouldn't trade anything with you.

Quote from: Frood on May 06, 2024, 01:25:58 PMMaybe you will, maybe you won't, but I wouldn't trade anything with you.

Thats not reality of a SHTF situation. People have to trade. Sure, they choose who with but they either barter or die.

Quote from: Lokmar on May 06, 2024, 01:18:06 PMDuring a SHTF scenario, very few people will have everything and barter will be necessary. Silver shines in this realm.

...not sure if we'll go there, but if it does happen, probably not for a while. I think they still have room ta kick the can down the road some more Lokmeer. What you refer to are 3rd World conditions. Not impossible, but at least for the forseable future not likely in the United States.

Quote from: Lokmar on May 06, 2024, 01:18:06 PMI dont buy thinking I'm going to be an overnight millionaire but I expect to make 25% on silver within 5 years.

I think that is highly possible LokmarL okmeer!
You may make more than double that.
If gold goes up, so will Silver.

Quote from: Lokmar on May 06, 2024, 01:18:06 PMI expect to make 40%+ on platinum within 1 year.

..I don't think so Lokmeer. Platinum is an extremely slow mover. Your silver stack will appreciate much faster than yer Platinum one.

It might even go below $900 an ounce again within the next couple of years. Maybe even $800 before shooting up.

However, that being said, it's time to shine is probably a long ways down the road. Maybe when your younger kids are grown up, middle aged adults. If you see Platinum soar, like myself by that time you will probably be a very old man.

One major thing Platinum has going for it - it is extremely rare. 30 times rarer than Gold apparently. While all the gold would fill a pool, all the Platinum in the world might only fill a bathtub or 2.

Now I'm kinda interested in Platinum too, Lokmeer.
However, I'm looking at the best way to invest in it.
Buy shares in a Platinum mine or refinery?

Quote from: JOE on May 06, 2024, 10:58:40 PM...not sure if we'll go there, but if it does happen, probably not for a while. I think they still have room ta kick the can down the road some more Lokmeer. What you refer to are 3rd World conditions. Not impossible, but at least for the forseable future not likely in the United States.

I think that is highly possible LokmarL okmeer!
You may make more than double that.
If gold goes up, so will Silver.

..I don't think so Lokmeer. Platinum is an extremely slow mover. Your silver stack will appreciate much faster than yer Platinum one.

It might even go below $900 an ounce again within the next couple of years. Maybe even $800 before shooting up.

However, that being said, it's time to shine is probably a long ways down the road. Maybe when your younger kids are grown up, middle aged adults. If you see Platinum soar, like myself by that time you will probably be a very old man.

One major thing Platinum has going for it - it is extremely rare. 30 times rarer than Gold apparently. While all the gold would fill a pool, all the Platinum in the world might only fill a bathtub or 2.

Now I'm kinda interested in Platinum too, Lokmeer.
However, I'm looking at the best way to invest in it.
Buy shares in a Platinum mine or refinery?

Hey dummy, platinum is in short supply and they're shuttering a platinum mine.