Title: Costco SELLS OUT Of Gold Bars, People Are Preparing For ECONOMIC COLLAPSE Source:
TimCast IRL URL Source:https://www.youtube.com/watch?v=XfiH7JqSSn4 Published:Sep 29, 2023 Author:Tim Pool Post Date:2023-09-29 15:02:24 by Esso Keywords:None Views:1656 Comments:41
Poster Comment:
I'm not sure that PMs are the thing to be buying right now. They've been stuck in a narrow range forever and haven't tracked inflation at all. Gold should be over $4,000 now. After Bidet did that thing with Venmo (or whatever it was) making any transaction reportable to the IRS above $600, there's no reason to believe that he wouldn't do that with PMs.
If the shit hits the fan, I doubt my local coin dealer Solly would be around in a civil war type scenario. Shipping PMs is a hassle and expensive as hell to insure it.
IMHO, silver would be a better bet now. At $22/oz, it has some utilitarian value for trade and IMO has more upside potential to hold. How often do you buy something for $1,800 per whack? My mechanic, Chip, notwithstanding.
FWIW, Costco's prices were about the same as Apmex when I checked yesterday. It wasn't a deal.
I'm not sure what people are thinking. That playing games with the cashback on a credit card is some real cheesedick loser shit. I'd be more worried about food and water and how the hell I'm gonna flush my toilets if I was Mr. Average Citizen.