Silver is fighting to break through $30 (and $32.5 and then maybe $35). Some analysts are calling for silver to hit $50 by the end of the year or in 2025. There is a structural deficit going on 4 years now (industrial demand for solar panels and EV batteries growing nearly exponentially exceeding mi...

dualstow wrote: ↑Sat Jun 29, 2024 7:15 pm ... Paper with gold on it, right? ...

No, there is no paper in them. It's a precisely measured metal foil coated with a polymer:

https://www.goldback.com/

dualstow wrote: ↑Fri Jun 28, 2024 2:23 pm Agreed, although I once felt that way about all fractional coins, so who knows what the future brings
Some coins have 1/25 oz versions.

If you want fractional units that small, I'd prefer Goldbacks to coins/rounds.

1/2 and 1/4 toz coins are nice. 1/10 are too tiny!

yankees60 wrote: ↑Thu Jun 20, 2024 11:31 amIf you sent 5 coins and the dealer said you only sent 4 how would that ever get resolved? ...

If I were to sell (a valuable lot) to a dealer, I would do what they do when they sell - record video of the metal getting packaged (and sealed) for shipment and ship insured.

I don't sell often, but when I do, I have always sold to a local coin shop. I've been hesitant to try selling via the mail with a dealer. It's nice to hear that some folks have had positive experiences with it.

mathjak107 wrote: ↑Sat Jun 08, 2024 5:56 am... China was loading up on gold for 18 months and it was learned they paused. ...

Rumor i saw on X is that Chinese buyers wanted to buy (more) gold, but there are/were supply chain issues limiting available supply:

India's central bank has moved around a 100 tonnes, or 1 lakh kilograms of gold from the United Kingdom back to its vaults in India, and intends to move more in coming months, a TOI report claimed on Friday. ... The RBI held 822.1 tonnes of gold, with 413.8 tonnes stored overseas as of March end, d...

UBS strategists have lifted their silver price forecasts, expecting that the white metal will outperform gold in the near term. Now, the Swiss investment bank projects a 2024 year-end price target of $36 for silver and an average of $30.5, up 20% and 14%, respectively, compared to its previous fore...

... what drives gold prices. ... Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst. In his latest comments on the gold market, Carsten Fritsch, precious metals analys...

dualstow wrote: ↑Tue May 21, 2024 2:21 pmHow long have you hosted your own forum?

pmbug.com since 2011. I have owned others (related to different topics) since 2005 or so.

Silver might be the new gold in a few years (or I just might be crazy)...

https://www.pmbug.com/threads/silver-mi ... ears.7455/

I mentioned it in a more recent thread on this subject, but BullionStar also offers a fully allocated vaulting service with vaults in Singapore and the USA (in the Texas State Depository):

viewtopic.php?p=252799#p252799

How would you rate the average Costco shopper's knowledge regarding this? I'd say you are far more advanced than the average one of them. Hard to say. If folks are savvy enough to snap up $400+ tubes of silver or $2000+ gold bars when they see them, I'd assume they might know something about gold o...

Those articles are silly IMO. Any area big enough to support a Costco warehouse surely has a coin shop or two in the vicinity. It's trivially easy to sell bullion at a coin shop in person or to a national dealer via the mail. It's a bit more work, but it's also not difficult to sell P2P via craigsli...

... the headline seems off to me. Buying gold makes sense especially if the currency is getting weaker, not in spite of that fact. ... Weaker Yuan/RMB (relative to other currencies) = Cheaper exports, and more expensive imports It means that the price of internationally sourced (COMEX/LBMA) gold, p...

Sorry! I didn't even realize there was a paywall. I have NoScript extension installed on my browsers and rarely see paywalls when I browse.

Speaking of which, end of the world talk is now mainstream:

https://www.telegraph.co.uk/business/20 ... -dystopia/

coasting wrote: ↑Sun Apr 14, 2024 9:37 pm... "paper gold" is often a term used to describe ...

Futures contracts

Thanks!

~~~

Iran/Israel getting hot. China/SGE gold closed Friday at $2,434.73 - a $90 premium to the US close. Seems to me that gold is sitting on plenty of rocket fuel.

Same details (username, avatar, signature, registration email, etc.) as I used here. I guessed they didn't want me around because I like gold.

I tried to join that forum some time ago. They banned me immediately before I could post one message. Lol.

... Wall Street (as measured by ETF flows) is still largely asleep on gold. That seems to be changing... Gold-backed exchange-traded products are showing signs of life as they attracted some attention from North American investors last month, even as European markets continued to see significant ou...

... Apparently it's not redeemable for gold. ... Where did you see this reported? The RBZ says (bold is mine): ... 149. The Reserve Bank is introducing a structured currency which is generally defined as a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle...