Gold ? Is it time to buy ?

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I drove a 1966 Mustang 289 auto in college in 1982. I did lots of mods and it was a.maintenance nightmare, especially the.power steering and body panel rust. I don't like to step on anybody's dream, but old cars turn into big headaches. You will have much more fun on a motorcycle.
Part of the problem was, cars from that era weren't really made that well. Rust, especially...painting, before full-immersion electro-plating, rust was inevitable. Plus, the panacea of that age was, recycled steel. MUCH more prone to corrosion; and Ford went full-on into that insanity.

Engine life for Fords of that era was, about 100k miles. Which was better than the Y-block era, where life was about 60-80k. Hard to tell, since Fords rusted so fast you could hear it happening, quiet nights. That was a problem from the immediate postwar cars right up to the early 1980s.

If you got a Chevrolet small-block or big six in a truck - not a van, and you paid attention to the rust points - you could make it last.

All the little things, also would break - ANY model - but the thing was, they were easy to fix. My Pinto ate starters; and I had to replace the clutch cable twice. A nuisance, all of it; but nothing I couldn't do with a small tool kit and a small amount in the piggybank. The transmission leaked oil, but, again, anyone not afraid to use ramps and crawl under, could access the fill hole and keep it topped.

Today, the old-car bet, to save money, would be an older Corolla or Camry. Road roaches. You can't kill them. Find one without corrosion (which was not a big problem in most of them) and you're golden. Manual or automatic (yes, a few Camrys got manuals) didn't matter. That car might look like hell and have a lot of little things wrong with it, but it would never leave you stranded, and what did break, could be fixed at reasonable cost/effort.
 
Wait until Subaru starts manufacturing cheap trucks in the USA again next year. I am holding out for a new small truck with ac, stick & crank windows for $12k.
 
Wait until Subaru starts manufacturing cheap trucks in the USA again next year. I am holding out for a new small truck with ac, stick & crank windows for $12k.
Your lips to God's ears...
 
I was about to buy a $20 gold piece and some sovereigns at spot - $70 ago < $3300. I thought it was going to $3230, but alas I am stuck holding my * in my hand.

Nobody knows exactly how spot will go while the COMEX is in control. Some of the YouTube gold gurus were restating their gold price estimate for 2025 just before spot price spiked this morning. What a racket.
 
Nobody knows where it will go, because we're all pricing it in dollars. The dollar is being debased out of existence - the only counterweight to the push TO DA MOOOON!! is the spectre of confiscation, outlawing, tokenizing - or, conceivably, a total collapse of government, in which case, gold will be useless for however long the chaos lasts.

I weary of these people predicting $20k gold, or whatever. But what really trips my trigger is how they hammer on it like it's something GREAT, and cajole everyone into buying in.

If we see $20k gold, a lot of us will be hurtin for certain. It will mean we're in Wiemar times.
 
Today's spike was a result of the cooked employment numbers plus some mysterious bulk buyer. It really reinforces the (RS) relative strength of the long term gold price. I can only think of one thing more important that can be held in the hand.
 
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I was about to buy a $20 gold piece and some sovereigns at spot - $70 ago < $3300. I thought it was going to $3230, but alas I am stuck holding my * in my hand.

Nobody knows exactly how spot will go while the COMEX is in control. Some of the YouTube gold gurus were restating their gold price estimate for 2025 just before spot price spiked this morning. What a racket.

Yeah I got the cash for an ounce or three but my knees go week with gold. $6,600 is a lot of money for us serfs.
 
Staying with silver for now , but I will buy on dips...
 
Yeah I got the cash for an ounce or three but my knees go week with gold. $6,600 is a lot of money for us serfs.
What else would you spend it on? Yes, there might be better things. Credit-card debt. Expenses. Emergency food. Other kinds of metal - like, say, lead.

If you just have it in a bankster account, or in the cookie jar...it's gonna shrink. Regularly. And now, faster.

It's shrunk 40-50 percent in the last five years.
 
The mainrumor is when the US govt revalues gold everybody will sell out to the treasury and use the proceeds to buy silver, hookers and blow.
 
What else would you spend it on? Yes, there might be better things. Credit-card debt. Expenses. Emergency food. Other kinds of metal - like, say, lead.

If you just have it in a bankster account, or in the cookie jar...it's gonna shrink. Regularly. And now, faster.

It's shrunk 40-50 percent in the last five years.
Well I dont carry CC debt past the month and haven't for years. Cash in the cookie jar, or even worse the bank, is a terrible place to keep it. 6 month CD rates are like what ? 4% and 1 year rates are not much better. Sure you could dump your money into the market or deferred accounts but if you ever want to actually use it the Govt. will rob you of 20% and if you dont ever have it to use then what good is it other then to make your kids and wife have to fake grief when you croak.

Gold and Silver you can hold in your hands and rub like its a WNBA floor token. Now I have a 1oz gold anniversary coin I bought last Feb. for $3,036 thats going for $3,602 now. I'm not getting rich on gold and silver but unlike fiat currency I'm not getting poor either.

The only thing keeping me from popping for another coin is Trump and his stupid 1kg gold tariffs. I hope its just one of his threats and he pulls it back after squeezing the Swiss but this is one of the things that accomplishes nothing and his copper tariffs not much smarter. You cant tariff copper and then act all surprised when Industrial production slows because copper is an Industry metal. Targeting 1kg gold just stifles the market and accomplishes nothing while keeping little guys like me from investing because who in hell knows where the market is heading ?

If short term he wants to scare the Swiss into making a deal then thats fine but long term it will hurt everyone. For now I'm holding off. No new gold for me.
 
Well I dont carry CC debt past the month and haven't for years. Cash in the cookie jar, or even worse the bank, is a terrible place to keep it. 6 month CD rates are like what ? 4% and 1 year rates are not much better. Sure you could dump your money into the market or deferred accounts but if you ever want to actually use it the Govt. will rob you of 20% and if you dont ever have it to use then what good is it other then to make your kids and wife have to fake grief when you croak.

Gold and Silver you can hold in your hands and rub like its a WNBA floor token. Now I have a 1oz gold anniversary coin I bought last Feb. for $3,036 thats going for $3,602 now. I'm not getting rich on gold and silver but unlike fiat currency I'm not getting poor either.

The only thing keeping me from popping for another coin is Trump and his stupid 1kg gold tariffs. I hope its just one of his threats and he pulls it back after squeezing the Swiss but this is one of the things that accomplishes nothing and his copper tariffs not much smarter. You cant tariff copper and then act all surprised when Industrial production slows because copper is an Industry metal. Targeting 1kg gold just stifles the market and accomplishes nothing while keeping little guys like me from investing because who in hell knows where the market is heading ?

If short term he wants to scare the Swiss into making a deal then thats fine but long term it will hurt everyone. For now I'm holding off. No new gold for me.
Sounds like you want a speculative return.

And I say that because there's no other return. Given we have ten-percent real consumer-price increases (which is not inflation; inflating the currency CAUSED it) then, four percent, or one-percent in a bank, is real-world negative. Stonks? Price-to-earnings is, by traditional metrics, insanely low. An old-time investor would counsel someone not to buy, because the risk is out of proportion to the miniscule return.

So, buy Mag-7 funds? If you like. If you like risk. You'd do better to get that app that tracks Vodka Nan's trading activity - "Trade like a Congressman" or something like. Buy what she buys; because she's buying stocks she's rigged or has insider knowledge of.

If you feel lucky. If you're sure they won't make, not only insider trading, but mirroring Congresscretins' trading, illegal.

Stonx in general, are doing well - because the whole damn market is rigged based on ZIRP-QE and when-can-the-Fed-be-pressured-into-zero-forever. So, buy a mutual fund or indexed; make a little money, and give up, what, 40-percent?...CapGains taxes.

Or, of course, there's Electronic Tulips - bitcoin. Sure. You distrust FRB money but you trust crypto written by the CIA. Which is what I'm convinced Satoshi Whoziwhasis was/is. Good luck with that one...some people bail out of pyramid schemes in time, too.

Or hold gold and silver. You won't get rich. You'll stay in place, and while you're static, you're also off the grid.

We all gotta find our own way - the right way for each of us.
 
I'm seeing the cultural roots.

Bugs' accent...Mel Blanc's accent - is NYC Yiddish. That's what you'd hear onstage at the Borscht Belt comedy circuit in the Catskills resorts.

Of course, in the 1960s, many of the NeYawkers who made the move to Hollywoodland in the 1920s, were still very active. It became a sort of Yiddish mafia - you had to either be Jewish, or tied to the New York culture (or else homosexual) to get steady work.

And to Jewish NeYawk transplants, there was nothing less relevant than Albuquerque (I'll-be-quirky).

Of course that's changed, now. The Jewish Mafia in movieland, welcomed the SJWs and sexual deviants, and then themselves died off...and what we have now is a hellscape of Woke.
 
Ive seen enough. I'm moving some money around for one or possibly two gold 1 oz coins to be ordered by the end of the week.

If this train is stopping then its last stop is still way off. $5,000 by the end of 2025 and probably more.
 
Chin Li is already.bidding.up.Au +$20 tonight. Peter Schiff was right to just buy it because it's going up. Will be interestimg to see what the Chinese holiday does.next week.
 
They are slamming the Chinese holiday. Good buying opportunity next 7 days.
 
Well I bought a 1 oz gold Britannia and a 10 oz RCM bar just because I like them so much.I damn near bought the French 100 franc restrike just because Im rather fond of the gold Euro-Sovs, them, and the 100 korona Hungarian coin. But I figured if I ever have a grandkid I'd save the coin dealer from having to figure out .9802 gold. Besides the 2026 Brit is a handsome coin. What I really considered was JMB had 1 oz gold Libertads. I may go back to that one since I still have the cash.

Prices are nuts, simply nuts. But I figure I said that after my last 8 or 10 gold purchases yet am still sitting pretty on all of them. If we make it to $5,000 I should on this one too.
 
I stopped buying at $1,500. When it hit $2,500, I said "Oh hell no!" Now look at where we are.


If silver gets high enough, I may be persuaded to trade some of it for more gold like I did in April 2011.
 
I stopped buying at $1,500. When it hit $2,500, I said "Oh hell no!" Now look at where we are.


If silver gets high enough, I may be persuaded to trade some of it for more gold like I did in April 2011.
I'd hold what I had, and buy out of new-to-you fiat.

If you sell one to buy the others...at the four or so PM shops I've used, lo these twenty years, you pay the house vigorish twice. Not a good plan if you're buying to hold and save.

Remember, gold will never be worth zero. And $6 silver is gone, unless someone finds a way to jigger the market...in which case it'll be temporary.
 
The 100 franc coin usually has a higher premium than a 20 franc. Hopefully ypu scored near spot.
 
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