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Thread: Gold post election

  1. #1

    Default Gold post election

    What a whipsaw in gold recently. On election night it was up $60 an ounce. Since then it has fallen $116!



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  3. #2

    Default Re: Gold post election

    Was tempted to buy NUGT the day before the election. Glad I didn't pull the trigger...

    Sent from my SM-G900V using Tapatalk

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  5. #3

    Default Re: Gold post election

    RUSSIA ADDS ANOTHER HUGE PILE OF GOLD TO RESERVES IN MARCH

    https://smaulgld.com/russia-gold-reserves-march-2017/

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  7. #4

    Join Date
    Dec 2012
    Location
    Illinois
    Posts
    807

    Default Re: Gold post election

    I just added a huge amount of gold to my reserves today too. .241 ounces that I bought for $306.04 for.

    Damn Gold ain't cheap.
    11.80% for 2012, 24.79% for 2013, -5.13% for 2014 , 4.94% for 2015 WTF?, -0.04% for 2016 , 13.09% for 2017======= 8.23% six year average

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  9. #5

    Default Re: Gold post election

    Quote Originally Posted by rktect1 View Post
    I just added a huge amount of gold to my reserves today too. .241 ounces that I bought for $306.04 for.

    Damn Gold ain't cheap.
    jm bullion is best option for price and shipping i have found for small quantities. i have full tubes of roosevelt dimes, washington quarters, franklin halves, and peace dollars. they are all called "junk silver" because the metal content is 90% not .999 pure. they still make a satisfying clink when you stack them, and will still buy you a chicken. i'm starting on my gold collection again, so far only have 1/10 and 1/4 oz u.s. eagles. and plan to backfill silver stash with barber and mercury dimes, barber quarters, kennedy and liberty halves, and liberty dollars. clink clink clink.

    i keep them in my cabinet with my stash of copper and lead and oiled steel. somewhere in a yard in montana i have a tube of u.s. silver eagles and some tsptalk silver rounds, about 3 paces from the corner of the shed and then 2 paces... well i forget, but all i need is a shovel and i'll find them. i used to have about 50 tsptalk rounds but paid some debt and gave most of them away or lost them in bets. i do that sometimes.

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  11. #6

    Join Date
    Dec 2012
    Location
    Illinois
    Posts
    807

    Default Re: Gold post election

    Quote Originally Posted by burrocrat View Post
    jm bullion is best option for price and shipping i have found for small quantities. i have full tubes of roosevelt dimes, washington quarters, franklin halves, and peace dollars. they are all called "junk silver" because the metal content is 90% not .999 pure. they still make a satisfying clink when you stack them, and will still buy you a chicken. i'm starting on my gold collection again, so far only have 1/10 and 1/4 oz u.s. eagles. and plan to backfill silver stash with barber and mercury dimes, barber quarters, kennedy and liberty halves, and liberty dollars. clink clink clink.

    i keep them in my cabinet with my stash of copper and lead and oiled steel. somewhere in a yard in montana i have a tube of u.s. silver eagles and some tsptalk silver rounds, about 3 paces from the corner of the shed and then 2 paces... well i forget, but all i need is a shovel and i'll find them. i used to have about 50 tsptalk rounds but paid some debt and gave most of them away or lost them in bets. i do that sometimes.
    Just an FYI, those gold eagles are not pure gold. They are like junk silver, about 90%. A 1 troy ounce gold eagle actually weighs 1.0909 ounces. Times .91% of actual gold equals 32 grams (1 troy ounce) of gold unlike the Canadian Maple which is .9999 gold and weighs 32 grams. This is why you do not see .9999 on gold eagles.

    I have actually bought a few more coins though. Two 1/10 ounce gold eagles, meaning an actual gold content equal to 1/10 ounce and two $5 modern gold commemoratives which weigh in at .2687 ounces but have a gold content equal to .2418 troy ounce.
    11.80% for 2012, 24.79% for 2013, -5.13% for 2014 , 4.94% for 2015 WTF?, -0.04% for 2016 , 13.09% for 2017======= 8.23% six year average

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