Everyone wants something real

[Lowdown3]

https://www.infowars.com/posts/chinese-gold-demand-surging-above-pre-pandemic-levels/

China, Russia, few other player increasing gold reserves exponentially the last few years.

That should tell us something.

[rockriver]

thanks.

i don't know what we should be searching out and buying, but precious metals looks like they should be on the list.

there was a coin show in middle georgia this past weekend... no admittance charge so we went.
some surprising things to me...

silver was about 22 per ounce... silver coins were 28 to 35 per one ounce coins.. depending on american or other country and condition.. most folks wanted 33 to 35 for silver eagles.. huge "premium" over spot.
pre 64 90% silver were priced 18.5 to 23 x face value.. small premium in relationship to silver content. and these were coins that folks would recognize and know what they were getting in a trade... i missed the boat there.

gold was 1825 ? spot... or close... gold american coins per ounce could be had for under 1900... very little premium on gold!

many of the dealers got haughty when i made an offer that was under their asking price... hmm. they must have really gotten their socks in wad when most folks didn't offer anything! which was a -0- offer! i suspect part of the problem was that silver had just dropped a couple of $$ before the show.

[Lowdown3]

Gold might have been a buy at that price, Apmex normally runs about a $80. premium on 1 ounce coins.