Bullion prices.

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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

oldtrucker wrote: Apr 24th, 2023, 12:11 pm Here are three 10oz bars for $429

https://classifieds.castanet.net/detail ... 9/4719950/
That is $1325 for 30oz. When I pay $3200 for 1000oz. = $320/10 oz.X 3 = $960.

Why would anyone pay $1325 for something that can be purchased, retail, for $960?
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countmeout
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Re: Bullion prices.

Post by countmeout »

alanjh595 wrote: Apr 24th, 2023, 11:36 am Yes, two different beasts.
It depends upon each person's strategy and risk tolerance.

If you got an extra $100,000 kicking around,
would it be better to invest,
--- in a rental property or Silver?
How much does it cost to maintain Silver bars vrs a house?
Neither, buy a couple ETFs
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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

There is a sucker born every minute.
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Jlabute
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Re: Bullion prices.

Post by Jlabute »

Platinum might be worth looking at.
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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

Jlabute wrote: Apr 26th, 2023, 6:30 am Platinum might be worth looking at.
It's worth 1/2 what it was in 2008
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Jlabute
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Re: Bullion prices.

Post by Jlabute »

alanjh595 wrote: Apr 26th, 2023, 6:42 am
Jlabute wrote: Apr 26th, 2023, 6:30 am Platinum might be worth looking at.
It's worth 1/2 what it was in 2008
I suppose supply and demand. If fuel cell production ramps up at any time, the cost could spike.

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seewood
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Re: Bullion prices.

Post by seewood »

countmeout wrote: Apr 25th, 2023, 12:22 am Neither, buy a couple ETFs
Did that. My Gold ETF is up but it does fluctuate, obviously, with the gold price.
The ETF was supposed to back up their share price with actual bullion but I wonder...

https://www.usfunds.com/resource/centra ... %20tonnes).

snip: The countries reporting the largest purchases in the first two months were Singapore (51.4 tonnes), Turkey (45.5 tonnes), China (39.8 tonnes), Russia (31.1 tonnes) and India (2.8 tonnes). The Central Bank of Russia published an update on its gold reserves for the first time in about a year, so the 31.1 tonnes were likely accumulated over the course of several months instead of in January and February.

Meanwhile, very few countries’ central banks shrank their gold reserves. Net sellers were Kazakhstan, Uzbekistan, Croatia and the United Arab Emirates (UAE), though year-to-date purchases far outweighed sales.

https://www.nasdaq.com/articles/which-n ... uying-gold

I believe gold will be closer to $2200/oz near the end of the year, especially if the US dollar tanks.
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Bigbacardi
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Re: Bullion prices.

Post by Bigbacardi »

Where does one goto buy a gold bar?
I was thinking about buying maybe about 8-10 oz of gold.
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