Original Post
Written by
Edited November 8, 2023
at 12:05 PM
by
1oz 999.9 fine gold minted bar with a proof-like finish
Swiss-made by a LBMA Good Delivery Refiner
Each bar is individually controlled, registered, and secured within protective CertiPAMPā¢ packaging
Each assay card is covered with a thin, removable protective film and accompanying envelope
https://www.costco.com/.product.1..._hero_pamp
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1. I have an 11 year old barley wine aging in my house. I made it. It is worth considerably more than the grain bill from when I produced it
2. I posted an example of an "old ale" so that you would know that the style of beer exists. Im pretty sure that beer I linked hasn't even been put out for sale yet.
"put into it"=ingredients.
As for the mining? Not really.
If the value of the gold was significantly more than the mining, then we would have a gold rush scenario. Meaning that companies would be going crazy trying to squeeze out gold from every rock
Instead, we see the largest gold mining operation actively selling off mines: https://www.bloomberg.com/news/ar...ion-closes [bloomberg.com]
Now, are they profitable? Sure. But not outrageously profitable.
They are profitable as Target or many other companies.
But here is the difference. They will lose their asses if gold prices crater. Gold is mostly used for jewelry(45% of the market). If jewelry production goes down and goldbugs like you don't start buying, we will quickly see the price of gold crater, as it did in the past. Why? Because gold's value only exists in the market and the market can be fickle.
Beer on the other hand? Beer has stayed pretty consistent in pricing for thousands of years.
In fact, beer was so important to the Romans that they put it on their gold coins.I suppose in hopes that the very important beer would lend some value to their worthless gold
But, don't trust me, I've only actually worked in the metal mining/refining industry. What would I know
Also, 45% isn't a majority, I hope this also helps.
Deal alerts from SD have helped me buy couple. Keep your costco account signed in and when deal alert show up, add go card, auto fill info and submit. Act first think later.
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