Gold

[lester1/2jr]

Here is one ounce of gold




That will now run you $2,000 + now. It was 20 dollars for most of our country's history but things change

"Global uncertainty" has been cited as factor, but most agree the sharp price rise in recent years is due to the actions of the Federal Reserve ( or more specifically https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets ) printing money, as they are doing now to combat the economic downturn resulting from covid.

silver is also doing good



42 bucks for that ^ as Silver is current around 25 bucks an ounce

[VenomX73]

lol yo that's so awesome,
you got a link for the silver Frankenstein's monster head?

edit I found it 

1.5 troy ounces of pure .999

[lester1/2jr]

the chaser

[Paquita]

Have you heard of goldbacks?  They're a currency Utah came out with late last year that is a thin sheet of real gold in $1, $5, $10, $25 and $50.. bills I guess?  I don't really know how they work because they are worth more than the amount noted on them now and I think they can also fluctuate to be less than the amount on them if the value of gold goes that low.  We ordered 10 $5 "bills"  (I think they could only be ordered in groups of 10) early this year because I wanted to give some to my nephew that collects coins.  I thought they seemed like a cool collectible and they have really pretty prints of ladies and trees and stuff.

[Alex]

During uncertain economic times it is not unusual for money to be invested in precious metals as a safe bet. My guess would be that is what is happening atm.

[lester1/2jr]

paquita- thats the first I've heard of them. interesting

[Allhallowsday]

http://youtu.be/hYaQf_lK00M 

[lester1/2jr]

http://youtu.be/ntG50eXbBtc

[Rev. Powell]

http://youtu.be/rY-XDQN6ipE

[ER]

If you're investing in gold for profit, lay on, McDuff, and good luck. If you're one of those who is getting gold as a protection for when society implodes, you'd be better off investing in tools and other high-demand items in a hypothetical barter economy. Just don't tell anyone about it.

[lester1/2jr]

it has a monetary aspect too though. printing abnormally large amounts of money tends to lower the value of said money. thats whats happening now

[ER]

I don't know a lot about economics, and in fact I got told last month I know even less than I think I do  , but if it means anything, three different people I know who are good with finance have all said to stay away from gold. To be honest, I don't know why, but that is what each independently said to me, and I think these people would know what they're talking about.

By the way, semi-separate topic, but did you know silver is being destroyed faster than it is being mined right now? I didn't know silver was ever destroyed, but as it was explained to me silver is processed in certain industries (space being one of them, interestingly enough) and unlike gold, it is actually being used up rather like coal is, or some biological species that's been over-hunted.

Over my head, but I love silver and hopefully it sticks around.

Now, having read this, lester, if you find yourself wanting to get rid of your gold, you can give it to me, and I'll take it. 

[RCMerchant]

I own NO gold. The only silver I have is a few mercury dimes and some real old silverware.  

I have lots of antiques, though!

[ER]

I own NO gold. The only silver I have is a few mercury dimes and some real old silverware.  

I have lots of antiques, though!

You're slipping in your lycanthrope preparedness, Ron.

[chainsaw midget]

If you're investing in gold for profit, lay on, McDuff, and good luck. If you're one of those who is getting gold as a protection for when society implodes, you'd be better off investing in tools and other high-demand items in a hypothetical barter economy. Just don't tell anyone about it.

Kill two birds with one stone. 

Invest in gold plated tools.