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Buygold

Posted by goldielocks @ 1:25 on December 27, 2025  

I would never answer a question like that lol because only they can decide. You can give them some practical reasons to sell is all. If he expects it to drop soon he could sell and wait and buy it back. Cash on hand like Buffett.

What could your friend buy? He might be asking himself that question if he’s asking you.

He could set up something for his kids and grandkids now before a reset risk if there not in need of something.
He could pay ahead on  mortgage, insurance, taxes out a few years and maybe utilities for credit and buy long term food storage for A year or more that will hang around 20 plus years.Then keep paying to keep it out farther till they need it.  So if something happens they’ll have no bills during that time  and food on hand.  You can pay property taxes and insurance a few yrs out. That would also come in handy for unforseen events.
 He could set up a alternative power source or a piece of bug out land with hidden food and supply’s at the site, alternative power and some form of shelter or just prepare to stay put, security systems and more ammo. Now you can buy antibiotics and certain medicines at pharmacy’s directly to have on hand as well as homeopathic.
Those who prepared for unforseen events even a few months out during Covid weren’t under as much stress and able to help others to a extend. Especially if they stockpiled a bit of ivermectin knowing you couldn’t trust the demon crats.
I think from what warnings from professionals that can get information we can’t if there is a economic meltdown and bubble burst of over bought equities and housing manipulation  it could bring down demand for the industrial  metals too temporarily. Not that big money won’t stop buying. That might be the last chance for people to buy if they can get it in the face of the printing press and inflation ahead.

 

It’s a conundrum alright.

Posted by ferrett @ 0:16 on December 27, 2025  

LP always said (and by always, since I first knew him in 2003) that gold would shoot up first, then one should sell your gold and buy silver, as it would shoot up much more than gold did to move back towards (not necessrily to, but towards) 15:1. And that there would only be a short time frame, days, in which to load your stash and toddle off to the dealers to optimise the switch. So he would be saying that silver has a lot further to run in comparison with gold which is not to say that gold isn’t going to continue its run, just that silver will do better.

I’m no good at trading. So for me the question is: “have the fundamentals for owning PMs changed?”, and as the answer is no, and the recent price increases are, IMO, a reflection of markets and people finally catching on to what we have been saying for decades, then I will keep holding. That’s what Bateman is saying, I guess. I shan’t try to finesse between gold and silver because I’ll get it wrong, and there are transaction costs and taxes. If they go down a bit, there’s nothing new about that. I don’t think, for example, that silver will go back to $20 because of the global finance situation and real physical shortages for industrial applications. Your friend could sell some – selling 15% would give him free carry for the rest (subject to taxes) but then, what does he buy?

One reason for keeping silver is that it is still low value compared to gold. So it is more fungible if we have a reset and need to use it for barter. 50% silver coinage, very fungible. At $100 per ounce, a 1 oz pure silver coin will buy you a week’s grocery. While a sovereign is now $1,100; enough for a month’s malt whisky maybe, but not really practical.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.