Also silver
Which is bad for me since my Dad watches both CNN and Fox News . He buys gold and silver from those overpriced commercials believing he is making a good investment that the gov can't find. He keeps telling me he wants to die rich. He has put so much in to gold when it was at its peak. But for now Down goes the price of gold and silver .
2:18 wrote:
Also silver
Which is bad for me since my Dad watches both CNN and Fox News . He buys gold and silver from those overpriced commercials believing he is making a good investment that the gov can't find. He keeps telling me he wants to die rich. He has put so much in to gold when it was at its peak. But for now Down goes the price of gold and silver .
As interest rates and GDP rise in US, not great news for those who have been hoarding precious medals. We know there are industrial uses for precious medals; much of the euphoria surrounding precious metals is the fear of Mad Max type scenarios.
I bought gold and silver when gold was trading between 200 and 400 US dollars per once, 1990's. I sold my gold and silver when gold was trading between 600 and 800 US dollars per once. Some of you will call me an idiot for selling too soon. I will be the idiot who sells too soon every day of the week! Just a cautionary note: when people are on tv telling you to buy gold and silver, they have huge positions. They are selling to the last sucker!
As (i) rates rise in US wrote:
I bought gold and silver when gold was trading between 200 and 400 US dollars per once, 1990's. I sold my gold and silver when gold was trading between 600 and 800 US dollars per once. Some of you will call me an idiot for selling too soon. I will be the idiot who sells too soon every day of the week! Just a cautionary note: when people are on tv telling you to buy gold and silver, they have huge positions. They are selling to the last sucker!
I bought quite a bit when it was $320 and everyone told me "it will never go back up." I sold at 1K.
My Dad actually urged me to buy it because he was a refugee from Germany in the 1940s and lived through the days when people got four or five raises EACH year because their salaries were not keeping up with inflation.
Besides, it's beautiful.
As (i) rates rise in US wrote:
As interest rates and GDP rise in US, not great news for those who have been hoarding precious medals. We know there are industrial uses for precious medals; much of the euphoria surrounding precious metals is the fear of Mad Max type scenarios.
The future 'cashless' society's will prove the 'Mad Max'ers', right.
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