/biz/ - Business & Finance

That’s why you sell when the price of gold is more than $1425.

>>14842809
Why would you sell gold before the party starts? The Fed is just starting to ease. Central Banks are begging for inflation to pick up (even though Core CPI is over 2% year over year already) knowing if things get out of hand they can't raise interest rates. US budget deficit at record levels and rising, foreigners dumping US T Bills. Recession incoming. Do you even know what is going on around you?

>>14842809
Is it generic gold bullion, or is eagles, maples, or some other sovereign coin? Also did you attempt to sell it at a dealer?

>>14842809
providentmetal literally buys gold american eagles for 1424

>>14842877
Not if the Fed lowers interest rates, brainlet.

>>14842929
Pretty sure OP is a larp, or is selling generic bullion to a dealer, and we all know dealers buy at melt, not spot.

>>14842930
>Not if the Fed lowers interest rates, brainlet.

We're at 2.5% already, 15 years ago that would have been considered stimulus. Cutting rates to 0% isn't gonna do shit unless they start printing. They're gonna have to print multitudes more fiat than they did in the past since the value of $1 of stimulus has dropped so much. The Fed is in a trap.

>Brainlet

i bought it at 1400

>>14842917
Proof 69 american eagle.

>>14843029
Gold eagles weren't put into circulation until 1986

>>14842809
This is the time for buying, not for selling brainlet.

>>14843029
the shop you took it to is taking advantage of you wanting cash today
you can get $50 more minimum if you shop around

>>14843085
69/70 PCGS not year

>>14843085
>>14843029
Never mind derp

>>14843029
Lol yeah ok. Any dealer would buy that for a premium over spot. Worth easily $1600 at a dealer.
Nice larp

>>14843112
Went to 2 dealers, 1 said 1350, other said 1375, if you wanna buy it from me for 1600 you can ;)

>>14843112
Would agree

>>14843105
>>14843029
Why are you ignoring my digits OP you faggot

>>14842999
Nice trips homie

If you sell on ebay, you will get a very true and accurate price if you leave it for sale minimum 3 days
>>14842809

>>14843161
The digits came with an argument. I was hoping you would explain why you're selling the bottom.

>>14843163
Thanks, also we all have purple IDs.

>>14843215
He haunts me.

>>14842809
You can sell government issued gold coins and bars at any bank at the spot price.

>>14842809
Are you all rock boomers tricking me? Then what the fuck do I buy

>>14842877
Maybe he had to sell because he needed the cash? That's why I like to keep some fractional amounts of gold and silver. Then I don't have to liquidate in a large dollar amount.

>>14843408
Not in the US, as far as I know.

>>14842809
Just send it to Texas Precious Metals or JM Bullion
>www.texmetals.com/sell-gold-coins/
Give 'em a call tomorrow to lock in your price.

>>14842999
We're all going to die if they start printing more money which is quickly becoming a shitcoin.

>>14842809
JM Bullion buys back but you're responsible for shipping. It's better if you have more than one to sell so the shipping doesn't chip away the percentage from spot

>>14843736
I only have 1

>>14843112
>Worth easily $1600 at a dealer.
>He fell for the numismatics meme.
OP can get spot and that's it.

>>14842809
>>14843417
Guns. Guns are unironically one of the best solid asset investments.

>Obvious utility
>Hold value far better than things like cars, maintenance also way easier
>If SHTF and you have a gun but no gold while your neighbor has gold but no gun, that means you have a gun and gold
>Can be easily sold legally OTC or on black market
>Sad how you accidentally lost your gun on a boating trip

Guns are the true gold standard. We should use bullets as currency.

>Again, obvious utility. Even once shot a cartridge is made of easily recyclable metal.
>Can't be easily inflated, requires actual manufacturing and a demand for bullets.
>Higher calibers are higher notes. 0.50 cal is a $0.50, 10mm is a $0.10, etc.
>Automatically deflates as if the currency becomes worthless people just use it to hunt, shoot recreationally, or defend themselves.
>If your govt really has a problem with hyper inflation they just use all the bullets to go to war. It's probably what they were going to do anyways at least now they have a well supplied army.

Guns and bullets are true redpill. Fuck commies.

>>14843755
On the bullets as currency thing, ammo factories could become the new banks. If carrying a bunch of bullets everywhere gets to be a pain, factories just issue a slip that equals up to a certain time and date when they will run the assembly line to create bullets, and that note can be traded in for a given amount of bullets on that day. Boom, paper money basically just order slips for bullets.

>>14843750
You can call JM Bullion to see. They're currently quoting $1423.
If you send first class USPS (assuming you're in the US) it's $4. Add signature confirmation for $3.
If you insure it that's like $20 but I don't bother insuring packages anymore, I just do signature confirmation. Over 1000 packages sent and 0 lost.
Your best bet is to call them.

>>14843163
>sell gold on ebay
>buyer has a fake gold bar he go from aliexpress earlier
>claims that is what you sent to him files complaint to ebay
>gets refund and keeps your gold
>you are now banned form ebay branded as a scammer

>>14843676
>We're all going to die
So dont worry, be happy!

>>14842877
i want to get rid of my gold before they find a huge mine / figure out an economical way of asteroid mining

>>14842809
>GOLD is so shit I can't even use it as medium for speculation

>>14844138
Ok now I know this is a larp. You can't be that retarded?

>>14842999
look at the rates in europe and japan though

>>14844138
>Asteroid mining
A literal impossibility, but ok.

>>14844138
>asteroid mining

>>14843911
this.

>>14844138

>asteroid mining

https://sservi.nasa.gov/articles/scientists-reveal-design-plan-for-future-lunar-base/

We won't even have a base on the Moon for another 20-30 years... space tech is not advanced enough for mining.

>>14844338
it won't happen because it is literally not possible, and won't ever be, in any way whatsoever
there won't be any moon colonies or asteroid mining because space isn't even real you brainlet

>>14844379
finally, someone who gets it

>>14843163
does his mail say nigger st.

>>14844379
If space isn't real, and I'm a brainlet, what exists between my ears

>>14844138
imagine the cost of mining gold in the fucking space

imagine at what price it would have to be to this be even considered

use your fucking brain nigger

>>14844426
you know i mean faggot

>everyone with a brain knows outer space is the biggest LARP in human history
>newsstream media telling everyone a massive gold asteroid has been found in outer space

huge buy signal for gold tbqh

>>14844138
>asteroid mining
they will mine deep sea reserves before anyone goes to a fucking asteroid

>>14844379
>he believes in the moon
Anon, I...

>>14842930
Jesus christ, how dumb are you? When rates get cut, the dollar is going to lose value, and gold is going to continue to rise. Why do you think it's up so much in the past month or so?

>>14845414
Memes?

>>14843755
lead and brass cartridge will be like the musket ball within 5 - 10 years. lasers and shit boy

>>14844138
All the asteroid mining companies are busting because they turned out to be tax dodging schemes by the rich. Think for once.

>>14845793
What you really need to worry about are AI controlled weapons that lock on and fire a perfect head shot in milliseconds before you even see it.

We won't stand any chance against .gov desu

>>14843755
Imagine wanting to trade away something that can kill you. Bullets is a storage of wealth, not a currency.

Seeds are way better currency.

>>14846057
>I have guns and want seeds
>you have no guns and seeds
>I now have guns and seeds