General Poor Man's Game: Gold,Silver,Platinum, and Palladium
- Thread starter Enock-O-Lypse Now!
- Start date
My curiosity got the better of me and I started doing some lookin into stuff. It appears there is about $7.5 trillion dollars worth of gold in the world. In the U.S. physical currency accounts for $5 trillion dollars.
Silver is up biggly again
I bought some ounces at 18 ish a few weeks back and now it is flirting with $29/oz...it moved
Gold is gonna hit 2100 within a week no doubt
I bought some ounces at 18 ish a few weeks back and now it is flirting with $29/oz...it moved
Gold is gonna hit 2100 within a week no doubt
He made this post at the 15 year low mark for silverFirst Majestic Silver go to their website and buy lots of Silver baby!
@sparkuri is absolutely right ....time to Buy buy buy!!!
Enock continues to be the nostradamus around these parts
Follow-up question:
Can I be your neighbor?
no it is from google...I did the inline spoiler thing right next to the text in that post...INLINE SPOILER
I am not posting my tiny stack online
I did purchase a PampSwiss Kilo bar(32 troy ounces) for 750 a few weeks back and now they are asking 1100 or something for one.
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These fucking assholes really want me to buy silver.
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I have one of these...in the shape of a 45...I think it is for vampires and shitThese fucking assholes really want me to buy silver.
Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion
Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.www.jmbullion.com
You need this
@ThatOneDude If you polish it up good you have the greatest snap cap for ball and dummy training of all time.
You don't train with live ammo bro?You need this
I had a clip of .45 silver home defense rounds.
I took my daughter up shooting a few months back and forgot about switching them out & unloaded into a stump.
Switched to my 9, checked the mag which had the same and said "SHIT!".
Oh well.
29.27 right now for our brother silver
gained almost 2 bucks today...7+% rise
Probably gets checked before the weekend but there is a chance that it doesn't and ends up near $31 by friday night
gained almost 2 bucks today...7+% rise
Probably gets checked before the weekend but there is a chance that it doesn't and ends up near $31 by friday night
Lol, that was like 38 minutes ago.
It's $29.40 now.
the gloves are off
Silver is going aggro
It will be a very interesting week imo.
The market opens, and the world will react(and already is) to Berkshire-Hathaway.
Lowered Stakes
Bank of New York (NYSE: BK) lowered from 79,765,057 shares to 72,357,453 shares
CHARTER COMM-A (NASDAQ: CHTR) lowered from 5,426,609 shares to 5,213,461 shares
JPMorgan Chase & Co. (NYSE: JPM) lowered from 57,714,433 shares to 22,208,427 shares
M&T Bank Corp. (NYSE: MTB) lowered from 5,382,040 shares to 4,536,174 shares
Mastercard Inc. (NYSE: MA) lowered from 4,934,756 shares to 4,564,756 shares
PNC Financial Services (NYSE: PNC) lowered from 9,197,984 shares to 5,350,586 shares
SIRIUS XM HLDGS (NASDAQ: SIRI) lowered from 132,418,729 shares to 50,000,000 shares
U.S. Bancorp (NYSE: USB) lowered from 132,459,618 shares to 131,961,832 shares
Visa Inc. (NYSE: V) lowered from 10,562,460 shares to 9,987,460 shares
Wells Fargo (NYSE: WFC) lowered from 323,212,918 shares to 237,582,705 shares
New Stakes
BARRICK GOLD CORP. (NYSE: GOLD) new 20,918,701 share position
Raised Stakes
Kroger Co. (NYSE: KR) raised from 18,940,079 shares to 21,940,079 shares
STORE Capital (NYSE: STOR) raised from 18,621,674 shares to 24,415,168 shares
SUNCOR ENERGY, Inc. (NYSE: SU) raised from 14,949,031 shares to 19,201,525 shares
So, Warren Buffet, who's called Gold a ridiculous investment for decades, just invested 1/2 billion in Barracks Gold.
His first gold, ever.
Gold market opens in about 22 hours.
The market opens, and the world will react(and already is) to Berkshire-Hathaway.
Lowered Stakes
Bank of New York (NYSE: BK) lowered from 79,765,057 shares to 72,357,453 shares
CHARTER COMM-A (NASDAQ: CHTR) lowered from 5,426,609 shares to 5,213,461 shares
JPMorgan Chase & Co. (NYSE: JPM) lowered from 57,714,433 shares to 22,208,427 shares
M&T Bank Corp. (NYSE: MTB) lowered from 5,382,040 shares to 4,536,174 shares
Mastercard Inc. (NYSE: MA) lowered from 4,934,756 shares to 4,564,756 shares
PNC Financial Services (NYSE: PNC) lowered from 9,197,984 shares to 5,350,586 shares
SIRIUS XM HLDGS (NASDAQ: SIRI) lowered from 132,418,729 shares to 50,000,000 shares
U.S. Bancorp (NYSE: USB) lowered from 132,459,618 shares to 131,961,832 shares
Visa Inc. (NYSE: V) lowered from 10,562,460 shares to 9,987,460 shares
Wells Fargo (NYSE: WFC) lowered from 323,212,918 shares to 237,582,705 shares
New Stakes
BARRICK GOLD CORP. (NYSE: GOLD) new 20,918,701 share position
Raised Stakes
Kroger Co. (NYSE: KR) raised from 18,940,079 shares to 21,940,079 shares
STORE Capital (NYSE: STOR) raised from 18,621,674 shares to 24,415,168 shares
SUNCOR ENERGY, Inc. (NYSE: SU) raised from 14,949,031 shares to 19,201,525 shares
So, Warren Buffet, who's called Gold a ridiculous investment for decades, just invested 1/2 billion in Barracks Gold.
His first gold, ever.
Gold market opens in about 22 hours.
Liquidated Stakes
AMERICAN AIRLINES (NASDAQ: AAL) liquidated
Delta Air Lines (NYSE: DAL) liquidated
Goldman Sachs Group (NYSE: GS) liquidated
Occidental Petroleum (NYSE: OXY) liquidated
Restaurant Brands (NYSE: QSR) liquidated
Southwest Airlines (NYSE: LUV) liquidated
UNITED CONTINENTAL HOLDINGS, Inc. (NASDAQ: UAL) liquidated
AMERICAN AIRLINES (NASDAQ: AAL) liquidated
Delta Air Lines (NYSE: DAL) liquidated
Goldman Sachs Group (NYSE: GS) liquidated
Occidental Petroleum (NYSE: OXY) liquidated
Restaurant Brands (NYSE: QSR) liquidated
Southwest Airlines (NYSE: LUV) liquidated
UNITED CONTINENTAL HOLDINGS, Inc. (NASDAQ: UAL) liquidated
Warren Buffett's Berkshire Hathaway shocked Wall Street after the close Friday by disclosing a nearly 21 million share stake in gold producer Barrick Gold (NASDAQ: GOLD). The stake is worth approx $565 million, based on Friday's closing price.
Buffett has been critical of gold over his career. As recently as his 2018 annual letter, Buffett said:
"Those who regularly preach doom because of government budget deficits (as I regularly did myself for many years) might note that our country’s national debt has increased roughly 400-fold during the last of my 77-year periods. That’s 40,000%! Suppose you had foreseen this increase and panicked at the prospect of runaway deficits and a worthless currency. To “protect” yourself, you might have eschewed stocks and opted instead to buy 31⁄4 ounces of gold with your $114.75.
And what would that supposed protection have delivered? You would now have an asset worth about $4,200, less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle."
It is unclear if Mr. Buffett pulled the trigger on the Barrick Gold purchase, or if it was one of his lieutenants. However, one thing is clear, with all the Federal Reserve money printing, someone at the firm sees value in the precious metal.
Buffett has been critical of gold over his career. As recently as his 2018 annual letter, Buffett said:
"Those who regularly preach doom because of government budget deficits (as I regularly did myself for many years) might note that our country’s national debt has increased roughly 400-fold during the last of my 77-year periods. That’s 40,000%! Suppose you had foreseen this increase and panicked at the prospect of runaway deficits and a worthless currency. To “protect” yourself, you might have eschewed stocks and opted instead to buy 31⁄4 ounces of gold with your $114.75.
And what would that supposed protection have delivered? You would now have an asset worth about $4,200, less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle."
It is unclear if Mr. Buffett pulled the trigger on the Barrick Gold purchase, or if it was one of his lieutenants. However, one thing is clear, with all the Federal Reserve money printing, someone at the firm sees value in the precious metal.