Bedrock Bob Posted August 13, 2019 Share Posted August 13, 2019 4 hours ago, Uncle Ron said: Unless you've got a butt load of silver I wouldn't for a while, but stay on top of price and be ready to sell if it appears to be plunging...I probably won't be selling my silver or my gold for a while.. Cheers, Unc A butt load of silver. I wonder who came up with that measurement system? Honestly. I mean WTF? I could have a butt load of silver and not be able to buy a cup of coffee. I guess I never thought of it as a storage compartment and neglected to work on increasing my holding capacity. I honestly don't know how much silver my butt would hold but I would probably feel like I was rich enough after stuffing just a couple ounces in there. A buttload could easily turn into a pantload if you were not careful. My advice would be to sell. 5 Quote Link to comment Share on other sites More sharing options...
Uncle Ron Posted August 13, 2019 Share Posted August 13, 2019 That's just a generic measure, Bob...Just wash it before you put it in your pocket! Cheers, Unc 5 Quote Link to comment Share on other sites More sharing options...
fredmason Posted August 13, 2019 Share Posted August 13, 2019 I expect it came from the illegal transport of silver way back when Spain owned all the silver... could have a been a butt load of gold or diamonds, or emeralds...but never a set amount because some butts will carry much more than others... words, they can really make you think weird thoughts... fred 1 2 Quote Link to comment Share on other sites More sharing options...
Bedrock Bob Posted August 13, 2019 Share Posted August 13, 2019 2 hours ago, fredmason said: I expect it came from the illegal transport of silver way back when Spain owned all the silver... could have a been a butt load of gold or diamonds, or emeralds...but never a set amount because some butts will carry much more than others... words, they can really make you think weird thoughts... fred I have some good "inside info" that a buttload of cocaine is worth a lot of money. And rumor has it that there is a fellow that can get a couple kilos in there. He is a local folk hero. There is even a corrida about him. They call him "El Chile Relleno" The thought comes to mind that some cargo would diminish in value after a sweaty trip across the bridge. I hear the cocaine triples in value after that short butt ride. If I can make a dollar out of 15 cents by stuffing diamonds in my crack and doing the hundred yard dash you will see me in tennis shoes a lot more often than detecting boots. I tell people that my placer gold nuggets are worth more than finished gold. They are unique natural creations that can only be found with an incredible amount of time and effort. An ounce of finished gold is worth whatever the market says it is. It comes in a nice boring lump. Natural gold mined by some freak that spends too darn much time in the desert is rare stuff and a lot more valuable per ounce than specie. If a customer wants a genuine natural nugget like it came from the mountain they are going to have to pay more. I might start hauling my poke () back from the placer in my fanny and adding shipping charges to the price. 2 4 Quote Link to comment Share on other sites More sharing options...
Boorx4 Posted August 13, 2019 Share Posted August 13, 2019 There is a lot of political and economic uncertainty in the world today. I'm reading that a lot of people in foreign countries are already building up their purchases of gold and silver, for fear of uncertain times. Central Banks of foreign nations are also building up their inventory of gold. The Russian and Chinese governments have been purchasing gold hand over fist for many years now. What do they know that the average citizen doesn't? It will take a lot more time for the citizens of the USA to get their heads out of the sand and start purchasing their share. When this finally happens, physical gold will become scarcer and scarcer, then more and more people will begin to or try to buy it. The price will go into the stratosphere. Hedge fund managers are already encouraging it for portfolios. Personally, I am keeping my precious metals as a "rainy day" fund. When the crap hits the fan, I will be good. Remember this Golden Rule: " He who has the gold, makes the rules." Cheers, 4 Quote Link to comment Share on other sites More sharing options...
Mike Furness Posted August 14, 2019 Share Posted August 14, 2019 13 hours ago, Bedrock Bob said: I might start hauling my poke () back from the placer in my fanny and adding shipping charges to the price. Bedrock Bob ... You crack me up! 1 Quote Link to comment Share on other sites More sharing options...
boulder dash Posted August 26, 2019 Share Posted August 26, 2019 1543$ is what I just saw.. Time to go back mining it seems. Quote Link to comment Share on other sites More sharing options...
Uncle Ron Posted August 26, 2019 Share Posted August 26, 2019 It hit $1550 this afternoon before dropping a bit... Cheers, Unc Quote Link to comment Share on other sites More sharing options...
Guest Posted August 26, 2019 Share Posted August 26, 2019 (edited) Au,Ag ratio Kitco hype for the bulls Edited August 27, 2019 by Guest Quote Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2020 Share Posted July 27, 2020 On 8/12/2019 at 4:47 PM, GeoJack said: I inherited some silver, I'm thinking now would be a good time to sell? It pushed into $24 range ,today...$11ish back in March,oy... the Au/Ag ratio is correcting downward towards historical levels Quote Link to comment Share on other sites More sharing options...
GeoJack Posted July 27, 2020 Share Posted July 27, 2020 (edited) Watching. Edited July 27, 2020 by GeoJack Quote Link to comment Share on other sites More sharing options...
Mike C... Posted July 27, 2020 Share Posted July 27, 2020 I never understood why everyone gets so excited about gold going up it usually means one thing that our dollar value sucks which means were in for some tough times NO nugget Mike C... 1 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2020 Share Posted July 27, 2020 Could be that we because our "booty" is increasing in value. Quote Link to comment Share on other sites More sharing options...
grubstake Posted July 27, 2020 Author Share Posted July 27, 2020 Going to hit $2,000.00 before friday. Grubstake 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2020 Share Posted July 27, 2020 (edited) Ag's past $25 and Au at $1964 It is definitely uncharted territory. Edited July 27, 2020 by Guest Quote Link to comment Share on other sites More sharing options...
nugget108 Posted July 27, 2020 Share Posted July 27, 2020 4 hours ago, Mike C... said: I never understood why everyone gets so excited about gold going up it usually means one thing that our dollar value sucks which means were in for some tough times NO nugget Mike C... Usually your statement would be correct Mike, but for the last few years, gold has gone up and so has the stock market. How often you see that? Until Covid of course, the stock market has been soaring to record highs also. But so far, both are strong together. 1 Quote Link to comment Share on other sites More sharing options...
LukeJ Posted July 28, 2020 Share Posted July 28, 2020 I believe the price of gold is related to demand. Of course there's some other factors too. As I understand it, the Chinese people with their 'new found wealth', are being encouraged by their government to buy gold. I won't get into what this means, but I imagine someone will. 1 Quote Link to comment Share on other sites More sharing options...
frank c Posted July 28, 2020 Share Posted July 28, 2020 you people jest wait till august, sept, oct. when INDIA starts their buying for the wedding season its gonna create MORE DEMAND. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 28, 2020 Share Posted July 28, 2020 Don't you think the price of gold is relative to what you can buy with the price of gold. $2,000 is equal to what you could buy when gold was worth $20 dollars an ounce depending on where you were Quote Link to comment Share on other sites More sharing options...
LukeJ Posted July 28, 2020 Share Posted July 28, 2020 It's interesting when you think about how some are looking to 'cash out', while it seems a much larger group is 'buying in'. I wonder if this has anything to do with it? On 8/13/2019 at 4:25 PM, Boorx4 said: Remember this Golden Rule: " He who has the gold, makes the rules." Quote Link to comment Share on other sites More sharing options...
LukeJ Posted July 28, 2020 Share Posted July 28, 2020 34 minutes ago, fishing8046 said: Don't you think the price of gold is relative to what you can buy with the price of gold. $2,000 is equal to what you could buy when gold was worth $20 dollars an ounce depending on where you were I believe that's the definition of inflation. Wouldn't it be great if you were making $2000 an hour? Quote Link to comment Share on other sites More sharing options...
Bedrock Bob Posted July 28, 2020 Share Posted July 28, 2020 2 hours ago, LukeJ said: It's interesting when you think about how some are looking to 'cash out', while it seems a much larger group is 'buying in'. I wonder if this has anything to do with it? For a guy that has a lot invested in gold the strategy might be different. But for a guy that finds it, it is a great time to sell. You aren't going to get much more for raw gold than you can get right now. I think that cash is going to be the best investment this fall. Loaves of bread and bacon are going go be the hot commodity. A jar of placer gold is going to be hard to spend. 1 Quote Link to comment Share on other sites More sharing options...
clay Posted August 4, 2020 Share Posted August 4, 2020 (edited) On 7/27/2020 at 4:32 PM, grubstake said: Going to hit $2,000.00 before friday. Grubstake You were real close Grubby. Four days early. Here's the spot price as of 9:20 a.m. Tuesday the 4th of August. Edited August 4, 2020 by clay 2 Quote Link to comment Share on other sites More sharing options...
clay Posted August 4, 2020 Share Posted August 4, 2020 I hope bedrock sold his gold to buy silver. Gold is up 12% in the last 30 days. Silver is up 41% in the last 30 days. 1 Quote Link to comment Share on other sites More sharing options...
grubstake Posted August 4, 2020 Author Share Posted August 4, 2020 Sheps Big one pound nugget, just got more expencive! Grubstake 1 Quote Link to comment Share on other sites More sharing options...
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