General Poor Man's Game: Gold,Silver,Platinum, and Palladium

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sparkuri

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First 100
Jan 16, 2015
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Walmart
Screenshot_20250202_125945.jpg


This reminds me of a couple few years back when China was telling all its citizens to buy precious metals
 

sparkuri

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I buy from first majestic and own their stock for the discount
I used to, but their prices comparitively sucked, their stock crashed, & I had a bad delivery held up in customs for weeks.
Basically tied me to my front porch as precious metals sitting on your porch in Everett Washington is a bad idea.
 

Rambo John J

Baker Team
First 100
Jan 17, 2015
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Might get a costco gold ounce
the 2% back saves you $55 bucks off spot, I think they are priced just above spot. So you are buying below spot. Bars are Pamp Suisse I think.

They also have 10 ounce bars of Silver, but I need Gold more now

Silver at almost $32.5 again
 

Jam_Handy

Karate man bruise on the inside
Aug 13, 2024
643
1,584
why does it matter? spot is the least you should get

more for eagles and less for generics, but not 100 less
 

sparkuri

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why does it matter? spot is the least you should get

more for eagles and less for generics, but not 100 less
It matters because people want to buy some things and not others.
Supply and demand, it's all sales.
Unless we miraculously end up on the gold standard.
 

sparkuri

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I'm seriously considering maxxing out a crefit card with a gold purchase & making payments at a pittance, plus % back on purchase.
The rate at which it's going, and has gone, losing is unlikely.

Screenshot_20250210_191509.jpg

Overseas open positive generally has meant U.S. positive day as well.

Although gold's a sure thing, silver is so insanely cheap.
If 2025 sees a recession worldwide, which seems inevitable, and silver decides to play catch-up to mean historical gold-silver ratio, even at 30-1, if you can sell your silver back to a dealer or bullion exchange at 40-1, silver purchase now means double the gold then.

Gregory Mannarino has said for YEARS, "Gold will be a 1-1 DOW Jones ratio at correction", EG; Dow tanks to 6-8k, gold is 6-8k/oz.
And silver at even a 20-1 ratio will be sitting at $300/oz. MINIMUM.



I cannot get over this chart....


The disconnect & suppression is staggering.
JP Morgan continues its reign either way.


Screenshot_20250210_191934.jpg

Silver in a normal world would be at least 9x by this chart, that is $270/oz.
The suppression has basically turned silver into aluminum.
It's insane.