Gold is driving me bananas

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SilverStacker

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Right when theres a deal I just can't pass up on, like BE with spot Krugerrands, then gold gets cheaper. And when I buy a coin when its even cheaper guess what ? It then gets cheaper. Today I had no plans to buy gold because, frankly, I'm just not a wealthy guy and while this is money I can afford to spend it doesn't mean I want to spend it.

But I haven't bought from JM lately because Ive been buying my gold from BE "Bullion Exchanges" exclusively. Well JMBullion has this incredible 3 per household sale on 1oz ASE's, with another little bone for US Veterans, for $3,352. Now its been a long, long time since Ive seen 1oz ASE's for $3,352. The next cheapest right now that I see is Summit at $3,390 and everyone else is at $3,400 + an oz. But thats for now.

So naturally gold then take a dive off the deep end and makes it to $3,334 and right now is $3,336.16 and no doub't will go even lower when peace breaks out and the markets stabilize which means gold will get even cheaper. Everyone is predicting expensive gold by 2026 but I sure dont see it. Instead with every new coin I buy I seem to be taking it up the keister and I'm starting to see a pattern here. Obviously the big players and big bullion houses know a lot that we dont. Its a cut throat business and they do it for a living, so when you see a deal to good to believe then dont believe it. I bought a 10 oz silver bar from Silver Gold Bull for $371.26. Same type deal and silver was at $38.79 so I figured why not ? Despite having no plans for buying more silver. Well shortly after that silver started to plunge and now is at $38.08.

Its just interesting how the PM markets play out in both the short term and the long term. They are beautiful metals and great ways to park money other then with paper and ink and I'm glad I picked it to hide 15% to 20% of my wealth away from prying eyes, the Govt. most of all. Gold will always be gold, I learned that over seas, and I think silver has a nice future as well. Sometimes tho its a difficult market to understand.
 
Unless your trading I suggest taking a bit of a step back and not watch the prices as often...It will end up being a lot of noise. If we get an "event" gold could sell off a bit in the next few months. I could easily see Gold pulling back to the $3,080 level. Not a big deal considering its huge move. However, miners are arguing against that so its muddy. Perhaps this event actually spikes silver... Many drew that triangle a bit different too so it may not breakdown.

1755209403394.png
 
^^^^^

Absolutely, don't watch it. Buy and hold and don't think about it. Markets are messy, and especially now as the nihilist Left is taking our social-fabric apart.

I bought at $600; then the bulk of my holdings at $900-$1100. When gold pulled back from $2000 to about $16 and change, I wasn't happy. Especially not because I had to sell some of it to survive three years of no-income.

I can't say I made it back up - my erratic work history (picked the wrong time, 2008, to leave a job with seniority for a better one where I was the newest hire) wound up having me spend almost half my savings to keep alive in those years. BUT. I toured the nation, in that time. Saw and did things I could never have done had I stayed put. And my gold savings kept up with inflation, and then some.

So it is, now. The most I spent on gold, other than fractional coins, was $2050. When gold hit $3000 a few months ago, my first thought was, that's interesting. Then, some ominous thoughts about what might be happening that the nooze liars were spiking.

I'm not worried about it falling, now; because - in dollar terms - it can only go up. Because inflation cannot be stopped.

Some "experts" assert that gold price isn't tied to inflation; that it's only about central-bank desires for hard assets. I say, bull. People, for forty years, didn't buy gold because dollar investments paid returns. That's now gone; and the midwit money-managers have to re-calibrate their thinking. That's hard for mid-wits to do.

But they will. People in Wiemar Germany didn't buy stonks or hedge-fund assets. The few who had money, bought gold and silver.
 
Good advice. Its all a new way of thinking, especially for an American. I dont forget I'm in it for long term and will never cash any myself, until after I died, and if your dead then whats it matter ? My goal was always to protect loose cash from inflation and these corrupt hack politicians and the way they like to print and spend my beloved greenback.

I spent money I could afford to easily. And any loss so far aint much more then dinner money. Its more a desire to win then an expectation to. Like a football game I watch the charts. I'm just competitive. And who wants to lose money anyway ?

I get an assured pension and should be dead and buried before the Democrats screw us out of it. I'm hoping anyway.
 
I'm going to take a break for the rest of the summer and then spend the rest of 2025 collecting. I prefer collecting numismatics anyway I just buy bullion cause I'm a greedy little shit and I have Dwarfs sickness.
 
I bought a couple of AGEs at spot from JM. I am not worried about a few bucks up or down because I will probably be done buying @ $3500.

SD has been running spot deals on junk silver.

FWIW I have never regretted buying any PM at spot and wish I bought more.

You would also be way ahead today if you bought at the top of the market every year for the last 10 years.

Relax bro.
 
Yeah I'm in for it for the long term. Like until I'm room temperature. Its a safe place to park dough as we watch our beloved greenback fall more and more. Its a tragedy really. I blame The Bush's and Obama most of all, even more so then Biden. The Bush's had the peace dividend and printed/spent anyways and Obama bombed everyone and expanded all these worthless social programs for not just America but the entire world.

The time to deal with this debt was then and had we, and had we avoided forever wars, we'd be solvent right now with a strong dollar. Instead we have this mess to deal with. https://www.usdebtclock.org/
 
Only took 6 weeks to turn that last purchase into a genius.move. Congratulations, I bet you wish you bought more.
 
nickndfl said:
Only took 6 weeks to turn that last purchase into a genius.move. Congratulations, I bet you wish you bought more.
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I wish I had more to buy with.

I can't complain a bit on what I have made. I started buying at $650-ish; did my big purchases at about $900; and a little more at about $1400.

Trouble is, I don't have enough fiat flowing in. I'm breaking even on expenses, but if I want something extra, or something comes at me, I have to go to the Medieval Bank and sell some gold.
 
Yeah I'm avoiding both the medieval bank and even more so goomar-$$ Inc and the wretched interest on them. Many, many years agi I paid off my CC's and never again carried money over on them. Funny thing happened, all of a sudden I always had ready cash. I spit in those CC's. I piss on them.

But I'm still moving money around to finish 2025 with a couple more oz's of Yellow. And even tho I'm quite fond of them there wont be any sub-oz numismatic Sovs. Eagles, Britannias, Krugerrands, Maples, Phils, 'roo's, whatever is selling right. This is cash for gold with coins preferred. Strictly business.
 
Donnie says it does....that's enough for MAGA, if its liquid from Donnie, its gold.
 
SilverStacker said:
I'm going to take a break for the rest of the summer and then spend the rest of 2025 collecting. I prefer collecting numismatics anyway I just buy bullion cause I'm a greedy little shit and I have Dwarfs sickness.
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Well I never took that summer break and offhand bought a couple 1 oz coins, including my first Buffalo, and a couple 1/2 oz coins. I still haven't got around to that 50 peso coin yet but I think thats next on the hit list. In the time I ordered and received that Buffalo I already went up $300+ on it because I rightly guessed gold was back on its way up again after a dip. Its my belief the International economy is so frucked up, the world and America in so much debt, that oil and the chokepoints almost almost dont even matter anymore.

Everyone is running to gold. Its possible even $4,000 gold will never be seen again. I have the money for that 50 peso and my LCS will give me a good deal on one but I'd have to spend the milk money and a man must battle his weaknesses. Meanwhile silver is holding nicely. It avoided the $50 trap and has gone up smoothly, I think its around $65 now. I have some rounds on order.
 
That 50 peso sure is pretty but I don't have any in my stack.
I have been looking for a coin minted a couple years ago and finally found one in Australia.

Anubis Coin.jpg​

This 2024 3 oz Antique Republic of Djibouti Anubis Coin has a mintage of 1,900, was originally priced at around $250.
My cost was $500, which included $90 worth of taxes and shipping costs. It was a bitch to find one but, like you, I was focused on getting one and its doubling in price in two years didn't change my mind.
I was born in the Year of the Dog — I had to have it.
 
If you like foreign gold I would buy whatever you can get at spot. Occasionally the 50 peso sells at spot because it is more difficult to resell due to its odd gold content size. I like coronas, francs, rands and sovereigns. I bought some AGEs around $1800, but then started playing the premiums. The spread on AGEs is much larger even though they are relatively more liquid and desirable.

The one gold unit I stay away from is bars. Too easy to counterfeit and locks you into somebody with a Sigma to verify and resell.
 
nickndfl said:
If you like foreign gold I would buy whatever you can get at spot. Occasionally the 50 peso sells at spot because it is more difficult to resell due to its odd gold content size. I like coronas, francs, rands and sovereigns. I bought some AGEs around $1800, but then started playing the premiums. The spread on AGEs is much larger even though they are relatively more liquid and desirable.

The one gold unit I stay away from is bars. Too easy to counterfeit and locks you into somebody with a Sigma to verify and resell.
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I agree, coins in general less counterfeited than bars, and whatever you do see is quite obvious, however, as much of my career was based in the UK I have seen more than my fair share of counterfeit Sovereigns. Interestingly, they still tend to be gold, but purity and weight is slightly off. Occasionally a fake Krugerrand too.

I believe you're based in the US, we have some Francs going for +1.9% in our US stock location. If you like like foreign gold they're a pretty good deal, also much more interesting than buying newer stuff.

Out of interest, is there anything specifically that you guys want? Happy to arrange some deals on things you might be interested in.
 
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