/biz/ - Business & Finance

>>52241397
Your problem is your attachment to the "supposed market price". When you buy a bowl of rice at a restaurant, do you pay what commodity brokers pay at the Chicago Mercantile Exchange? No. You pay whatever the restaurant can get which is almost always much higher than bulk wholesale. It must be in order for them to make a profit. Same with gold and silver coins. There are costs associated with minting and distributing the coins of course, but the real issue is supply and demand.at the RETAIL level, not the commodity market level. Shop around for the best price available TO YOU and forget the spot price, unless you are a whale who can buy at commodity exchange volume.

>>51550381
The USD has given negative yields for ten times that long. And the depreciation is accelerating and will go to zero. Do with that information what you will.

>>51468976
The faith factor can be purchased. With gold. And that is something Russia, China and the rest of the BRICS have in abundance. A real, fully redeemable gold backed currency would develop faith VERY quickly. Of course they can find a myriad ways to fuck it up. But it IS possible.

>>51449500
Nice! Good thing I saved a wad of Federal Reserve toilet paper for just such an occasion. I do what the banks do - stack gold - because I know what the banks know - fiat money always goes to zero eventually.

>>50532153
The BRICS are going to issue a gold-backed trade and reserve currency to compete with the USD. This will be the biggest change in the world monetary system since Bretton Woods. And it is bullish for gold.

Ignore the anonymous internet assholes who do not have your best interest in mind. Instead, watch what the uber-insiders at the world's central banks and independent governments are doing: packing gold bullion into their vaults like Japanese salarymen into a rush hour Tokyo train.

The remonetization of gold, in keeping with its 3000 year history, is coming.

>>49692273
I'll cut to the chase: the implications are none at all. Uganda is essentially a criminal enterprise. An incompetent criminal enterprise, embroiled in civil wars, with a history of lying whenever it seems like a good idea. If any mining ever happens there, even if there truly is a rich vein, it will amount to a trickle.

So why is the story getting so much play? Because there are forces at work who want to divert people from investing in gold and other precious metals. There is pretty much a constant stream of discouraging commentary in PMG and biz. And yet the uber insiders - central banks and independent governments like China and Russia - are stacking gold like maniacs. There is a reason for that. Gold will soon emerge as THE commodity of world trade.