Never spoke to anyone who actually profited from gold mining stocks.
If you are the exception congrats.
Perhaps they need a second look.
I know there are a lot of influencers pushing them.

Crash, your statement is both true and profound.

It is incredible how much gold you can accumulate over a short period of time.
A gram, 1/10. What you can afford that Month that doesn't hurt the bills.
Like many, the most frequent purchases started during the dark days of covid.

Forget people saying the premiums are too high on small gold.
Its affordable and very liquid if you need to use it.

Thanks ManyQ for the report.
I couldn't tell if it was good news or bad, seems the profit increase came from a higher spot price and selling other holdings.

Gold kissed 2205 this morning.
The usual talking heads tried to label it a "False rise" and said it was "Overbought"
Doublespeak can't change the fact people are turning to gold to allay fears of inflation and War.
Several of the Billionaires who recently sold large volumes of stock have admitted much of the cash went into gold.
In their newly built fallout shelters seems they prefer a safe full of yellow metal.

Of course the influencers are screaming "Silver Silver Silver"
People don't want silver. They have grown tired of JP Morgan manipulating price.
Silver is becoming (already?) an Industrial metal.
Dealers like silver cause it is their cash cow. They are angry the Consumer has wised and woke up
to their high premiums and manipulation.
Silver, like Bitcoin leeches onto gold for credibility. No longer working.
Neither are in the same category.
Gold is unique.
They will try and beat it down like always.
This week those attempts failed.

Do you live in one of the Goldback friendly States?
I understand some States have passed laws to accept gold as money for payment for State and local bills

Gold is showing a surprising resiliency lately (translation, it keeps recovering and going higher).
There has been a marked increase from Influencers pushing silver. Silvers performance is lagging severely.
This trend higher for gold will be watched closely during the Holiday weekend primarily in the foreign exchanges.

If gold serves as a canary in the coal mine the bird is singing. Loud.

Oh yeah. When you sell 1/10 Eagles you should get a premium from the Buyer, right now
4 to 6 %. Hot coins to hold, in demand and very liquid.

I see silver seriously controlled through shorts and timed purchases.
It won't change until the lid comes off the economy, its too needed by Industry.
Best case in 2024? 31.80
If wrong will be the first to admit it.
To be honest lost all favor with silver, only order gold.

Don't get me wrong, I enjoy collecting silver, just no longer stacking for weight. My favorites are Libertads and Peace dollars.
Also like the Germanium 1oz silver bars.
Still have quite a bit of 90 Percent US, Franklin's ,Walking Liberty halves and Mercury dimes.
Keep tubes of American Eagles, Maple Leafs and Krugerrands for "Spending"

Two crowds in silver, buy and hold and hope it goes up so they can sell.
Collectors are a different breed.
I'm a former collector now buying bullion. Still can't stop thinking "This may go up, its undervalued"

Again, really surprised with the movement in Gold. It and silver have been beaten down so many times
Just naturally assume it will drop when Market opens.
Amazing they let it close this high before a long Holiday weekend.

Gold is hard to wrap your mind around to purchase. You get so little for a wad of cash.
Smallest legitimate coin you can feel the heft of gold is 1/4 oz and its 620 bucks.

Monday April Fools Day 2024.
Gold stayed high over the long weekend and enjoyed a new record high today.
Silver has not responded in the traditional way. We may be facing a new paradigm.

The Market can't get enough gold.
2300 an ounce? Looking possible soon.
It would not surprise me to see a dramatic price drop either.
"They" do not like gold as it keeps investment equity buried as in non-liquid.

A few "Spending coins" from the change purse.
1.25 and 1.50 Gram gold coins.
Plus a 3.1 Eagle and Elephant.
Threw in a "Swiss Miss" 5.62 for perspective. These are small coins!

image_67226625 (resized).JPG

Never feel bad about taking profit!

Something tells me I have been wrong about silver.

Gold is the canary in the coal mine for the economy.
Not really good when it goes up too quickly ,not even for bullion holders.
Rapid price increases are a warning something isn't right.
Not celebrating these high prices, kind of troubling.

Silver, however, whoo! Let it rise to its true value. Have been down of silver
because it was always beat down and expected it to continue forever.

Placed a small order today for a Gram gold Noahs Ark coin.
Threw in 3 oz of silver, 1oz Germanium bar, a Libertad and a silver eagle.
Keep expecting the price to rise where its the last order till a downturn.
The Noahs Ark is 24K and despite only 1 gram is 15.6 mm, huge.
Minted by Geiger in a tamper proof plastic case like their bars.

Costco reported 200 million in gold sales a Month, not sure I buy it, thats a huge amount of bullion.
If true it signals Joe six-pack is going all in for the gold.

That was a good one Crash!

Who knows what will happen next week. We are in the Wild West.
Hope we are all safe, and Blessed.
Protected, comforted, given wisdom through truth.

We will get back to gold soon enough.

Gold rises after the US Market closes.
Gold is beat down in the morning hours.
Gold rises back to its high.
Rinse and repeat. Traders are trying to make money any way they can with the Stocks down.

Silver is still being manipulated to hell through futures/short contracts.

Before the Federal Reserve and its "Notes"
North Carolina had a huge gold rush before everyone packed up for California. Unfortunately that wealth didn't stick like California.
Still a lot of deposits around here if you know where to look.

Feels good in the hand!

Nuclear Industry and Recycling Greenwashing is particularly irritating.

Curious, would you accept pure copper 2oz rounds as payment for say 100 dollar item?

Reason I ask, Bullion Dealers carry 1 and 2oz Copper rounds. Also Kilo bars.
With silver and gold so high they seem like an affordable stack if people would take them in trade or barter.
I am a scrapper so realize salvage copper is much cheaper per pound.

By the way, nice stack, 2000 lbs is killer!