Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates
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This is why the powers that be are doing everything in their power to suppress gold's rise. But they will not win. Many of them know that and are secretly stashing tons of it away for themselves, their families, etc. Plenty of banks around the world are buying it hand over fist.
Gold isn't a get rich quick scheme. It the equivalent of having a bomb shelter in your backyard in case of WW3. Or a secret island to scuttle off to in case the society collapses. Gold is a lifeline in case the currency suddenly becomes worth less than toilet paper.
The fact that some people feel the need to own gold, as insurance against systemic collapse, does tend to bother people who consider it their job to keep the system afloat.
But it won't take much for a corrupt government to turn around and make a law to seize all gold from the people. The so called greatest president in history signed an EO in 1933 making possession of gold by the citizens illegal. You don't think a future presidency won't do the same thing again? Especially if a war breaks out?
I am a Costco member and didn't even know they sold gold. I wonder why someone would buy gold from them, as the price of gold is at market price, so what advantage would a member have to buy it from them instead of some other gold broker?
Try to buy a tank full of gas w/ a Gold bar...or a bag of groceries.
They'd give you back a bunch of worthless Dollars as change...a lot of change.
I prefer smaller denominations that are easier to spend...like Silver Eagles. Today's value for a Silver Eagle coin is ~$33.00
Just about right for gas and groceries.
That is why I have a safe deposit box full of Siver Eagles, and no Gold bars.
Better hope the FBI never raids the company where your box is like these people. They eventually got their things back anyone who had cash in the boxes never got the money back they kept it.
This is Bidenomics at work. Persistent inflation, massive federal deficits, destruction of the middle-class, fear and doubt, but everything is great, right?
Gold typically booms when people have lost faith in the economy and are expecting something bad to happen.
Welcome to the Jimmy Biden years of stagflation. High, persistent inflation, low growth, and lots and lots of people underemployed working multiple PT jobs, gig economy jobs to make ends meet.
I am a Costco member and didn't even know they sold gold. I wonder why someone would buy gold from them, as the price of gold is at market price, so what advantage would a member have to buy it from them instead of some other gold broker?
Mine is 1 mile from home, & if things get dicey, I'll be there in 5 minutes.
I got this covered. Lots of non perishable foods, & ways to defend it all, with lots of like-minded neighbors.
I'm prepped to the hilt...are you?
If you can afford gold, you can afford a home safe (quality heavy safe, not the cheap rubbish). For that matter you can bury it in a secure container on your property where only your family knows where it is.
Banks can shutter in an instant, and there is no way you can be certain to catch wind of when "things get dicey" in time.
Then even if you do get it out, you still need the aforementioned to secure it.
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