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12,993 Views • Oct 4, 2023 • Click to toggle off description
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YouTube Comments - 74 Comments
Top Comments of this video!! :3
The recession is here my friends. Jewelry manufacturers have had demand drop off the table, so spot price is dropping. Got silver bullion coins today for $2 over spot.
16 |
This step has taught me a thing or two. I tend to panic a little bit, now. I don't run around. Screaming my head off and freaking out, but I do a lot of thinking. Resellers are not happy right now, they're not getting what they used to and they are giving away product at about 15 to 20% off. When gold was at 1930ish and silver at about 24, I sold a few things and I got pretty good money, way over spot. Here's an example, when gold was at $1930-1935 and you're selling a quarter ounce gold eagle for 650, people bought it. Now, You have called that 1820 which is about 110 to 120 dollars down. That same quarter eagle that you were getting 650 for is now only worth about 585. In short, people are afraid that gold is going to go down even further, below 1800 and into the 1700s. What people are forgetting is gold has intrinsic value, it's real money, God's money, a fantastic store of wealth, what's the difference between buying a quarter eagle at 650 when gold is at 1935 and buying that same quarter eagle at 585 with gold being at 1820? People are thinking too much about the numbers and not the important things that gold offers. Intrinsic value, inherent wealth, beauty, real money, God's money. People need to stop thinking about quibbling, people need to stop thinking about spot price, people should be thinking about what they are going to be able to barter and trade when the hammer comes down, that is my point. Spa price is irrelevant in a time of irreversible chaos, when the supermarkets are emptied out, when the pharmacies are out etc. I'm sorry to say that time is coming, refer back to Venezuela 2016. Venezuelans woke up and realized that their currency was worth nothing. People scrambled to find gold and silver so they can buy food and services or whatever they needed to survive. It happened overnight, The Venezuelan bolivar went valueless literally overnight and chaos ensued. You can bribe people with gold, you can buy or hire people for extra security, gold can literally save your life. You can't put a spot price on that!
3 |
I bought the day before the big drops. Oh well. It's $100, and I've lost more than that before in other ways. I see gold/silver as wealth preservation, not an investment. If you can turn paper into gold, it's a good trade
8 |
This has been a good buying opportunity for me. If this stays low for a while I might take the opportunity to buy some fun gold. I almost never do that but this dip has me thinking about it!
10 |
I got my monthly gold purchase at a discount this month.
10 |
You are a disciplined man when it comes to your PM purchase. I aspire to have that level of planning and discipline. Thank you for being an example to learn from.
1 |
Soaking old electronics in Salt and vinegar 😂
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Yep dips are the way to go 😊
5 |
Great tip and thanks for sharing
2 |
Local Coin shops dealers are running out of gold during this dip in my area. Ordering is backed up to a week to a month out. I did buy what was available during this dip. And yes, I did hold out for close to a year.
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Thank you for the video.
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I was able to pick up a couple of 1/4 oz gold Britannias for under $500 a piece
2 |
I wish I had extra money 😔
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That's what I do. I don't aim for absolute bottom, I can't identify that, but I do buy the dips as those are easy to spot.
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in an ideal world there would be no need to buy gold..... but I'd be buying it anyway.
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Some people buy high fear of missing out
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What do you use for your alerts ?
2 |
good information, i think i might need to use that, for some reason when i have enough...... i just have to purchase it immediately. maybe it's too shiny!!
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Well, it’s cheaper now. Everybody likes discounts, right?
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@homesteadaquarius
11 months ago
Great advice. That hold off period to build cash is important!
18 |