expiredZim1 posted Feb 18, 2024 01:49 AM
Item 1 of 2
Item 1 of 2
expiredZim1 posted Feb 18, 2024 01:49 AM
Costco Members: 1 Troy Ounce 2024 Canada Maple Leaf Gold Coin (New In Assay)
+ Free Shipping$2,070
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I love when people say, "if the dollar goes to shit I'll have gold". That's a useless comment too, what are they planning on doing, buy some food, cut off a piece of their gold and exchange for it? My guess is the other side of the transaction will think you are crazy.
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Year Average
Closing Price Year Open Year High Year Low Year Close Annual % Change
2023 $1,927.99 $1,824.16 $2,053.13 $1,811.27 $1,932.50 5.93%
2022 $1,801.87 $1,800.10 $2,043.30 $1,626.65 $1,824.32 -0.23%
2021 $1,798.89 $1,946.60 $1,954.40 $1,678.00 $1,828.60 -3.51%
2020 $1,773.73 $1,520.55 $2,058.40 $1,472.35 $1,895.10 24.43%
2019 $1,393.34 $1,287.20 $1,542.60 $1,270.05 $1,523.00 18.83%
2018 $1,268.93 $1,312.80 $1,360.25 $1,176.70 $1,281.65 -1.15%
2017 $1,260.39 $1,162.00 $1,351.20 $1,162.00 $1,296.50 12.57%
2016 $1,251.92 $1,075.20 $1,372.60 $1,073.60 $1,151.70 8.63%
2015 $1,158.86 $1,184.25 $1,298.00 $1,049.60 $1,060.20 -11.59%
2014 $1,266.06 $1,219.75 $1,379.00 $1,144.50 $1,199.25 -0.19%
2013 $1,409.51 $1,681.50 $1,692.50 $1,192.75 $1,201.50 -27.79%
2012 $1,668.86 $1,590.00 $1,790.00 $1,537.50 $1,664.00 5.68%
2011 $1,573.16 $1,405.50 $1,896.50 $1,316.00 $1,574.50 11.65%
9mm rounds. The true alternative currency.
I love when people say, "if the dollar goes to shit I'll have gold". That's a useless comment too, what are they planning on doing, buy some food, cut off a piece of their gold and exchange for it? My guess is the other side of the transaction will think you are crazy.
Example using a family spending $500/mo on groceries:
Today for $2000 they can buy either an ounce of gold or groceries for 4 months. SHTF and groceries increase 8X. Now that $2000 only buys them two weeks of food, but if they have gold it should have held it's value against the dollar and now be worth $16000/oz. Still enough for 4 months of food.
I'm not endorsing that line of thinking. I'm just passing it along from previous generations who lived their entire lives thinking that scenario was just around the corner. I don't buy PM, but I click on every deal out of a weird sense of obligation.
RIP Dad and don't worry, I still have every bit of silver you and grandpa saved "just in case."
Yeah if you were stupid enough to buy gold in 1980, after it went up 2500%, you got waxed.
And based on historical low, probably should buy at below $1000 (inflation adjusted price)??
https://www.macrotrends
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https://www.macrotrends
Please stop spreading alternative facts.
Great chart. it did hold its value if you consider last 100 years but not over the last 50 years.
I guess Gold is an asset if the civilization itself collapses and the dollar is worthless. Some ppl like to cover that sort of stuff as well. P
How about Silver? That rich dad poor dad guy touts Silver all the time.
Or any alternative asset ? TY
Example using a family spending $500/mo on groceries:
Today for $2000 they can buy either an ounce of gold or groceries for 4 months. SHTF and groceries increase 8X. Now that $2000 only buys them two weeks of food, but if they have gold it should have held it's value against the dollar and now be worth $16000/oz. Still enough for 4 months of food.
I'm not endorsing that line of thinking. I'm just passing it along from previous generations who lived their entire lives thinking that scenario was just around the corner. I don't buy PM, but I click on every deal out of a weird sense of obligation.
RIP Dad and don't worry, I still have every bit of silver you and grandpa saved "just in case."
I guess Gold is an asset if the civilization itself collapses and the dollar is worthless. Some ppl like to cover that sort of stuff as well. P
How about Silver? That rich dad poor dad guy touts Silver all the time.
Or any alternative asset ? TY
Chart here:
https://www.macrotrends
9mm rounds. The true alternative currency.
A. I believe fed will drop interest rates later which will cause gold to increase in value.
B. Over my lifetime I believe the fed will continue to print ungodly amounts of fiat.
C. This isn't a Gold vs Stocks/real estate investment this is a Gold vs cash investment.
D. This is better than cash sitting in your bank getting debased.
E. Costco with 2% + whatever credit card points you get (mine is 4 percent) = higher than the 4.6 percent I get apy for cash in my bank account, which will eventually go away.
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