The timing is awful, its going to exacerbate the supply shortage
US Mint Halts All Production Over Virus Fears As Gold & Silver Coin Demand Nears Record Highs
| Source: | https://www.zerohedge.com/commodities/us-mint-halts-all-production-over-virus-fears-gold-silver-coin-demand-nears-record |
| Published: | Apr 15, 2020 |
| Author: | Tyler Durden |
| Post Date: | 2020-04-15 18:36:27 by Horse |
| Views: | 978 |
#1: Esso To: Horse, 4um (#0)
The shortage of PMs is only as big as the total mass of the universe in the paper market.
I'm sure the GLD & SLV ETFs in my retirement as a hedge, will do great.
I've got a small garbage can worth of phys in my floor safe. It ain't doin so great either.
"Talk to me Goose!"
Esso posted on 2020-04-15 18:46:09 Reply Private Reply
#2: Horse To: Esso (#1)
Horse posted on 2020-04-15 19:35:24 Reply Private Reply
#3: BTP Holdings To: Esso (#1)
I hope so too. But you really need to try and stay away from paper assets. If you do not hold the real deal in your hand or where you can gain easy access to it, it will not do you much good. Trust me on this. (Besides, I am not a Joo, so I would not try to screw you over.) ;)
BTP Holdings posted on 2020-04-15 19:57:35 Reply Private Reply
#4: BTP Holdings To: Horse (#2)
Concepcion del Oro has some great silver mines. I had a few mineral specimens from there when I had my mineral collection. I sold that before I left Chicago area. ;)
BTP Holdings posted on 2020-04-15 19:59:58 Reply Private Reply
#5: Esso To: BTP Holdings, 4um (#3)
I know that , B. A couple of months ago, I was able to send thousands of dollars overseas with no problem. Now I can't move a grand 800 miles without someone intercepting it mid-stream.
Almost everything I have is a "paper" asset including my house. How much money do I own on anything?
Zero. Except for the taxes I have to pay (and BS insurance) to keep them.
Dude, I sent money to a good friend overseas just before the lockdown, now, for some reason I can't do shit.
Esso posted on 2020-04-15 22:40:33 Reply Private Reply
#6: Esso To: BTP Holdings (#3)
Fuck that B! It's just a hedge. It's paper, worth nothing, except my little garbage can floor safe full of gold and silver. What do I do?
I've been trying to help friends by sending them money, somebody's blocking that by remote control.
Esso posted on 2020-04-15 22:46:53 Reply Private Reply
#7: BTP Holdings To: Esso (#6)
At least you have it to send. I am darn broke now. Just a couple bucks in my pocket. And that damn woman at court house keeps cutting me back.
The last excuse was that, "You are not working now." But that only means my disability pay is not reduced since they take $1 for every $2 I make. :-/
BTP Holdings posted on 2020-04-16 09:04:57 Reply Private Reply