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Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.Originally Posted by mamboni
Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.
Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty." – Socrates
"Communism can be summed up in one sentence: The abolition of private property." ---Karl Marx
"Either you have the right to own property, or you are property." Wayne Hage
Platinum is selling for less than cost of production. So if one has a long term investment horizon he can't lose buying Pt at these prices. But Pt could go lower short term. If Pt drops further I will buy more. I'm retired and I'm trying to protect my nest egg which is 45 percent in cash. Cash is king now and will be for the next few weeks or months. But long term the US dollar is dead currency walking I need to convert dollars into assets that will survive through the coming collapse and monetary reset. I only trust physical PMs at this point. Real estate has two problems: it can and will drop in price and it will be taxed heavily to pay for the government largesse that is coming. Stocks are now in a bear market and will be for years to come IMHO. I don't consider cryptocurrencies a safe option for wealth preservation. Foreign currencies are worse trash than the US dollar. Going forward I think the only viable investments are PMs. a cash business, self-improvement, and useful tangibles such as guns, ammo, food and supplies, tools etc.
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
woodman (12th March 2020)
Bitcoin $4,700. Wow, what a plunge!
DON'T TAKE THE VACCINE!
THE SHIT HAS HIT THE FAN!
Palladium moving back up on confidence I guess.
"What Difference, at this time, does it make?"
"What is 'is'?"
"Because you'd be in jail"
Right now Pd 2249 Ag 14.01 ratio is at 160.51
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
Broke $3000 frns.
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
PatColo (30th April 2021)
So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months…
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
osoab (6th March 2022)
Mathematically speaking average is a market goal that is attainable consistently.So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months…
Just curious; Factoring in inflation from the time you purchased until the sale did you make a profit? I am not selling mine.So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months…
The only thing declared necessary in the Constitution & Bill of Rights is the #2A Militia of the several States.
“A well regulated militia being necessary to the security of a freeState”
https://ConstitutionalMilitia.org
I think I did ok it was up +550% from the price I payed 13-14 years ago and what I got yesterday. I think it would have been closer to 800% price increase if one takes into account the premiums when buying and selling, but the dealer has to make a profit too… I would have kept it longer, but I am going to Mexico next week for a 5 week holiday. Normally I would earn enough this week to pay for it, but there was a snow storm here and for 4 days I lost 70% of my normal earnings, so I sold to make up for the difference…
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
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