Night_solstice
NES Member
Very nice and jealous! Next month I'm at a point in my debt paydown, where I can buy a 1/2 gold coin as a reward and am looking forward to it.
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Gold and silver prices are down
- Thread starter Rider
- Start date
Same here. Have just about everything paid off and now little by little making my savings a little more safe.
Varmint
NES Member
15 year pennant pattern for silver, that’s pretty impressive.
richc
NES Member
FBI sued after allegedly losing hundreds of thousands in rare coins during raid
Don Mellein and Jeni Pearsons are suing the government alleging the FBI seized, then lost their property through the "shady" process of civil forfeiture.
www.foxnews.com
FBI sued after allegedly losing hundreds of thousands in rare coins during raid
Don Mellein and Jeni Pearsons are suing the government alleging the FBI seized, then lost their property through the "shady" process of civil forfeiture.
Why anyone puts anything in a “safe deposit box” is beyond me.
That aside, civil asset forfeiture is an abomination and needs to be abolished.
Varmint
NES Member
I want one in a Swiss bank full of guns and cash. Probably not a good idea.
Win
NES Member
I also don't know what happens to safe deposit boxes when banks go under? I assume you get your stuff but still anxiety provoking.
richc
NES Member
Buy 1 oz Canada Maple Leaf Gold Coin at Costco for $2,349.99 (Limit 5)
You can buy a 2024 1 oz Canada Maple Leaf Gold Coin for $2,349.99 online at Costco. There's a limit of 5 per member.
dannydealguru.com
Varmint
NES Member
Buy 1 oz Canada Maple Leaf Gold Coin at Costco for $2,349.99 (Limit 5)
You can buy a 2024 1 oz Canada Maple Leaf Gold Coin for $2,349.99 online at Costco. There's a limit of 5 per member.
View attachment 800028
Yea it’s true. $1950 for a Pamp Suisse bar. Not sure who has stock though and I prefer coins.
Probably just a sign of low retail demand in the US. Central banks are the main buyers right now.
Buy 1 oz Canada Maple Leaf Gold Coin at Costco for $2,349.99 (Limit 5)
You can buy a 2024 1 oz Canada Maple Leaf Gold Coin for $2,349.99 online at Costco. There's a limit of 5 per member.
dannydealguru.com
Varmint
NES Member
I think if you’re looking at key technical or psychological levels you should use the futures price, which is $1909. $1880 is key support.
Well, the futures are down to $1891 now. More to come….
I was simply noting spot price in my above post, not equities. GDXU is down almost another 10% today if that matters.
Win
NES Member
It's a blessing not a curse.
richc
NES Member
Costco is selling gold bars and they are selling out within a few hours
The retail warehousing giant is your one-stop shop for 1 ounce gold bars, handsomely detailed and ready for purchase.
www.cnbc.com
Grab yourself a full packer and a Pamp on the way out.Costco is selling gold bars and they are selling out within a few hours
The retail warehousing giant is your one-stop shop for 1 ounce gold bars, handsomely detailed and ready for purchase.
Varmint
NES Member
Yeah there’s no Buy the Dip crowd for gold like there is for the S&P.
But big buyers have been supporting gold at key levels so they might step in at $1880.
Futures dipped to $1875 and spot to $1857. Have we seen the bottom? Has the big money stepped in?
Varmint
NES Member
Yeah $1880 was defended. Tomorrow is the monthly close so that’s very important. Miners had a nice oversold bounce today.
Well, couldn’t hold the line. Looks like a quarterly close lower to $1864. Whaddya make of it?
Varmint
NES Member
Don’t think it matters, gold is stuck in a trading range ($1800 to $2100) until the Fed breaks something. Gold is not going to break out above $2100 when the Fed is still talking tough, dollar going up and the stock market is still strong.
If $1880 had held and we bounced above $1900 it still wouldn’t make any difference.
True. 3 month T bills are yielding +5%. 10 yr treasuries are +4%. Gold yields zero %.
Varmint
NES Member
Yes, Treasury rates are above the official inflation number, which is bearish gold. Yet gold is holding up surprisingly well, due to central banks buying. GLD and other retail gold ETFs are seeing tons of outflows.
Investors are mostly selling gold, buyers are central banks and retail investors buying physical coins and bars.
And Comex contract expirations end of this month. Could get a bump for Monday or in November.
Varmint
NES Member
I think we should all just ignore the gold price and watch the economy and stock market, cause gold will do very well in a recession or credit crisis or stock bear market, stagflation etc.
Gold will do well on nearly all possible scenarios except the Buy the Dip, no landing, Goldilocks scenario we’re currently passing through on the way to disaster.
Varmint
NES Member
Gold still looking bullish, just need a catalyst to break out (credit crisis, recession data etc).
Scottsdale Mint on Gab: 'Here's some 1 oz Lion Gold bars for your timeline.'
Scottsdale Mint on Gab: 'Here's some 1 oz Lion Gold bars for your timeline.'
These are dope.
www.scottsdalemint.com
2023 Gibraltar Lady Justice 1 oz Gold Coin
Buy the 1 oz Gold Coin Gibraltar Lady Justice by Scottsdale Mint for sale. The design includes a woman holding a scale and sword representing justice.
www.scottsdalemint.com
Badass rendition. I think this tops Metallica's version from "And Justice For All".These are dope.
2023 Gibraltar Lady Justice 1 oz Gold Coin
Buy the 1 oz Gold Coin Gibraltar Lady Justice by Scottsdale Mint for sale. The design includes a woman holding a scale and sword representing justice.
If not for all the impending house projects, I'd have to add one to my stack.
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