Search found 25 matches

by pmbug
Mon Feb 19, 2024 2:59 pm
Forum: Gold
Topic: Confused about Karat Pay, Karat Gold, etc
Replies: 3
Views: 133

Re: Confused about Karat Pay, Karat Gold, etc

You can definitely handle them bare handed and worry free - no gloves required. The only real downside I see to them is that, while flexible/bendy, they don't seem like they can be folded without damaging them. They really should be kept flat (not folded).
by pmbug
Mon Feb 19, 2024 9:11 am
Forum: Gold
Topic: Confused about Karat Pay, Karat Gold, etc
Replies: 3
Views: 133

Re: Confused about Karat Pay, Karat Gold, etc

I don't know about Karat Pay/Gold, but if you are looking for fractional gold that is a practical form for consumer trade, I'd suggest looking at goldbacks: https://www.goldback.com/ They have a high premium because of the manufacturing process, but they are really neat inventions. I own a few of th...
by pmbug
Mon Feb 12, 2024 12:01 pm
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 702

Re: Gold Avenue (an overseas storage option in Switzerland)

... There is a good podcast on this subject from Palisades Gold Radio. I was actually thinking I need to re-listen to it and find out more info on the legislation and potentially get involved. I haven't listened to their podcast, but you can find info (and some of the people pushing these initiativ...
by pmbug
Sun Feb 11, 2024 12:06 pm
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 702

Re: Gold Avenue (an overseas storage option in Switzerland)

... if a state make it secure, redeemable, and legal tender. Texas already built a State repository and there are bills pending in several states to either build their own repositories or to use the Texas repository for managing gold and silver legal tender / payment systems. Texas itself might rei...
by pmbug
Tue Feb 06, 2024 8:23 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3688
Views: 1535286

Re: The GOLD scream room

by pmbug
Mon Feb 05, 2024 8:46 am
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 702

Re: Gold Avenue (an overseas storage option in Switzerland)

...maybe Texas. Don't know how easy it is to take gold out of the USA though. In my opinion, Singapore is preferable to Australia. ... BullionStar has offices in Singapore and Texas and offers vaulting services in both places. I've never done business with them, but they have been around for many y...
by pmbug
Mon Feb 05, 2024 8:32 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3688
Views: 1535286

Re: The GOLD scream room

Smith1776 wrote:
Fri Feb 02, 2024 12:03 pm
... I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.
What do you mean by "shellacked"? I get wanting silver protected from the elements as sulphur in the air or body oils can accelerate tarnish, but gold doesn't have that problem.
by pmbug
Mon Feb 05, 2024 8:29 am
Forum: Gold
Topic: What’s The Best Metals To Buy Into ATM?
Replies: 15
Views: 1341

Re: What’s The Best Metals To Buy Into ATM?

... Does anyone have any advice? ... Yes. ~~~ Your question requires a lot more information to answer properly. What is the state of your current portfolio (do you already own any metals?) What are your investing goals (short term profit/turnaround, long term or pass metals to my kids when I die)? ...
by pmbug
Thu Jan 11, 2024 8:50 am
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 51189

Re: Gold Substitutes

... Blackrock ... a spot BTC ETF application pending with the SEC (deadline for decision in March 2024). SEC approved all 11 pending spot BTC ETFs yesterday. One started trading 4am this morning: Grayscale, the manager of GBTC, is claiming bragging rights for being the first of the newly approved c...
by pmbug
Tue Jan 02, 2024 7:41 am
Forum: Gold
Topic: APMEX
Replies: 11
Views: 9998

Re: APMEX

ppnewbie wrote:
Mon Jan 01, 2024 9:45 pm
... Are you logged in?
Sorry, no, I was not logged in when I tested.
by pmbug
Mon Jan 01, 2024 6:57 am
Forum: Gold
Topic: APMEX
Replies: 11
Views: 9998

Re: APMEX

I checked just now and it looks like the deal is still live. I'm able to add 60 to my cart.
by pmbug
Fri Dec 22, 2023 6:08 am
Forum: Gold
Topic: Gold bars on sale at Costco
Replies: 15
Views: 16870

Re: Gold bars on sale at Costco

Costco has started selling 20 coin tubes of Silver Eagles. Like the gold bars, they sell out almost instantly when offered on their website.
by pmbug
Fri Dec 15, 2023 11:25 am
Forum: Gold
Topic: Gold bars on sale at Costco
Replies: 15
Views: 16870

Re: Gold bars on sale at Costco

... In the company’s earnings call on Thursday, CFO Richard Galanti said that Costco sold $100 million in one-ounce gold bars between July and September. According to media reports, during the call Galanti was asked what consumer trends Costco was seeing this holiday season; he answered: "They're b...
by pmbug
Thu Dec 14, 2023 10:42 am
Forum: Gold
Topic: APMEX
Replies: 11
Views: 9998

Re: APMEX

FYI - Apmex has a good deal on 1 gram gold bars right now - at "spot" (or at least what Ampex says is spot): https://www.apmex.com/product/287791/1-gram-gold-bar-secondary-market-at-spot?source=pmbug.com Even though Apmex is quoting a spot higher than what most people expect, without any premium add...
by pmbug
Fri Dec 08, 2023 2:34 pm
Forum: Gold
Topic: Why the big move in gold?
Replies: 27
Views: 37349

Re: Why the big move in gold?

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by pmbug
Tue Dec 05, 2023 4:22 pm
Forum: Gold
Topic: APMEX
Replies: 11
Views: 9998

Re: APMEX

I'm not positive, but it looks like Apmex might be quoting the Comex GC contract prices instead of the spot price.

GC contracts:

https://finviz.com/futures_charts.ashx?t=GC&p=d

Spot:

https://www.kitco.com/charts/livegold.html
by pmbug
Tue Dec 05, 2023 3:16 pm
Forum: Gold
Topic: APMEX
Replies: 11
Views: 9998

Re: APMEX

... For example, right now APMEX spot price is showing $2033.60. Monument metals is $2022.00, and Kitco is 2020.40. ... $2,032.60 USD ... Ask: $2,032.60 USD Bid: $2,022.60 USD https://www.apmex.com/gold-price Looks like Apmex is quoting the Ask price and Monument/Kitco are quoting the Bid price. Th...
by pmbug
Mon Dec 04, 2023 6:06 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 27
Views: 37349

Re: Why the big move in gold?

Looks like a short squeeze on the open in Asian trading. It's settling back down a bit now.
by pmbug
Sun Dec 03, 2023 6:30 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3688
Views: 1535286

Re: The GOLD scream room

How high does it go (by end of year) after breaking through $2,050 resistance?
by pmbug
Sun Dec 03, 2023 6:26 am
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 51189

Re: Gold Substitutes

For the record, I do own some crypto (Bitcoin, Ethereum and a few other alt coins). For me, it was the best way to start learning about the whole ecosystem. I'm interested in the coming fight between decentralized crypto and centralized CBDCs. I'm also curious as to the potential innovations that cr...
by pmbug
Sat Dec 02, 2023 5:16 am
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 51189

Re: Gold Substitutes

Not smart enough to understand bitcoin, but Gates, Bezos, Buffett and the corporate boards ARE the US government and their megacorps arent going to accept gold, bitcoin, or any sound money that isnt theirs . ... Some might argue that Blackrock is the government (or at least, it's financial arm) and...
by pmbug
Fri Dec 01, 2023 12:03 pm
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 51189

Re: Gold Substitutes

Let's acknowledge for moment that Gold is indeed a physical item that can be exchanged for cash. With that in mind, other physical items could serve the same role. ... Collector/Numismatic premiums tend to disappear during economic dislocations or currency crises which is what gold is really hedgin...
by pmbug
Tue Nov 28, 2023 10:38 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 27
Views: 37349

Re: Why the big move in gold?

Dollar index down, Gold up. Fed's Waller says he thinks rate policy is in a good place - no hikes or cuts on the horizon (unless data changes). Without a threat of more hikes from the Fed, gold looks likely to move up from here. $.02
by pmbug
Sat Nov 18, 2023 2:10 pm
Forum: Gold
Topic: Gold peg
Replies: 13
Views: 12418

Re: Gold peg

Instead of pegging the value of gold to the dollar, gold should float freely IMO. And by "float freely" I mean compete on an even playing field. Ron Paul isn't around anymore to champion his Free Competition in Currencies act any more ( https://www.congress.gov/bill/112th-congress/house-bill/1098 ) ...
by pmbug
Sat Nov 18, 2023 1:59 pm
Forum: Gold
Topic: Best Gold Summary Ever
Replies: 4
Views: 2432

Re: Best Gold Summary Ever

Article in the OP misses a fundamental issue with respect to gold: Federal Reserve Chair Ben Bernanke presented to the committee the Federal Reserve Board's semiannual report on monetary policy. July 13 2011 Ron Paul to Bernanke : "Gold is Money?" -"No it's a precious metal" Ron Paul to Bernanke : "...