Jump to content
Nugget Shooter Forums

Recommended Posts

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. 

 

 

  • Haha 5

Share this post


Link to post
Share on other sites

That's just a generic measure, Bob...Just wash it before you put it in your pocket! :hide:  Cheers, Unc

  • Haha 5

Share this post


Link to post
Share on other sites

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

  • Like 1
  • Haha 1

Share this post


Link to post
Share on other sites
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" :25r30wi:

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 (:laught16:) back from the placer in my fanny and adding shipping charges to the price.  :arrowheadsmiley:

  • Like 2
  • Haha 4

Share this post


Link to post
Share on other sites

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,

  • Like 5

Share this post


Link to post
Share on other sites
13 hours ago, Bedrock Bob said:

I might start hauling my poke (:laught16:) back from the placer in my fanny and adding shipping charges to the price.  :arrowheadsmiley:

Bedrock Bob ... You crack me up! :rolleyes::ROFL::old:

  • Like 1

Share this post


Link to post
Share on other sites

1543$ is what I just saw.. Time to go back mining it seems.

Share this post


Link to post
Share on other sites

It hit $1550 this afternoon before dropping a bit... Cheers, Unc

 

Share this post


Link to post
Share on other sites
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:tisk-tisk:... the Au/Ag ratio is correcting downward towards historical  levels

Share this post


Link to post
Share on other sites
Posted (edited)

Watching.

Edited by GeoJack

Share this post


Link to post
Share on other sites

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 :idunno:NO nugget Mike C...:200:

  • Like 1
  • well done 1

Share this post


Link to post
Share on other sites

Could be that we :ya: because our "booty" is increasing in value.

Share this post


Link to post
Share on other sites

Going to hit $2,000.00 before friday. Grubstake

  • Like 1

Share this post


Link to post
Share on other sites
Posted (edited)

Ag's past $25 and Au at $1964:pop:

It is definitely  uncharted territory. 

Edited by Stillweaver hillbelli

Share this post


Link to post
Share on other sites
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 :idunno:NO nugget Mike C...:200:

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.

  • Like 1

Share this post


Link to post
Share on other sites

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.

 

  • Like 1

Share this post


Link to post
Share on other sites

you people jest wait till august, sept, oct. when INDIA starts their buying for the wedding season its gonna create MORE DEMAND.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

  • Like 2

Share this post


Link to post
Share on other sites

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 

  • Like 2

Share this post


Link to post
Share on other sites

It's interesting when you think about how some are looking to 'cash out', while it seems a much larger group is 'buying in'.  :89:

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."

 

Share this post


Link to post
Share on other sites
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?  :wee:

Share this post


Link to post
Share on other sites
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'.  :89:

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.

  • Hmmmmmm 1

Share this post


Link to post
Share on other sites
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.

2000.png

Edited by clay
  • Like 2

Share this post


Link to post
Share on other sites

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.

  • Like 1

Share this post


Link to post
Share on other sites

Sheps Big one pound nugget, just got more expencive! Grubstake

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...