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Old 04-11-2024, 02:41 PM
 
Location: Morrison, CO
34,319 posts, read 18,697,213 times
Reputation: 25890

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This is why I think the stock markets are wrong and headed for a correction downward. Investors are putting money into gold and CDs because they are safer investments. This will eventually erode capital going to stocks. Less demand equals lower share prices.
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Old 04-11-2024, 03:48 PM
 
Location: Free State of Florida
26,089 posts, read 13,081,427 times
Reputation: 19577
Quote:
Originally Posted by Pilot1 View Post
This is why I think the stock markets are wrong and headed for a correction downward. Investors are putting money into gold and CDs because they are safer investments. This will eventually erode capital going to stocks. Less demand equals lower share prices.
I agree, & I've already taken those steps, except w/ Silver instead of Gold. I have a bank savings account paying me 5% interest, & CD's paying 5% too. I'm good w/ 5% right now. I have to be careful about the $250k FDIC limits though.
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Old 04-11-2024, 04:21 PM
 
24,093 posts, read 15,203,907 times
Reputation: 13023
Quote:
Originally Posted by naicha View Post
Why they buying physical gold though? Wouldn't it be easier to buy on the market? Or they fear even that system will collapse?

Gold rises to near record highs even as interest rate cut hopes fade



Well for me,..I always have my Beanie Babies.
We have a foot locker full. But his dad put the kid’s initials on every damn one of them.
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Old 04-11-2024, 06:34 PM
 
78,807 posts, read 61,019,259 times
Reputation: 50127
Vote with your wallet.
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Old 04-11-2024, 07:03 PM
 
Location: North Carolina
6,185 posts, read 4,655,889 times
Reputation: 10671
Hahaha, it is Costco, after all. It's not exactly a place whose shoppers are averse to hoarding. If they sold bars of lead there, people would be stocking up.
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Old 04-28-2024, 09:32 PM
 
438 posts, read 982,736 times
Reputation: 678
I bought a one ounce Gold Kug in 1975 for $50. Now worth $2340. Wish I had bought more.
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Old 04-28-2024, 10:28 PM
 
Location: USA
18,529 posts, read 9,219,839 times
Reputation: 8556
Are there any publicly-traded pawn shops? I'll buy some of their stock...
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Old 04-28-2024, 11:07 PM
 
Location: SF Bay Area
7,742 posts, read 4,049,739 times
Reputation: 5656
Quote:
Originally Posted by Jowel View Post
Hahaha, it is Costco, after all. It's not exactly a place whose shoppers are averse to hoarding. If they sold bars of lead there, people would be stocking up.
They'd sell a crap load of lead if they sold ammo.
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Old 04-28-2024, 11:11 PM
 
Location: Arizona
13,482 posts, read 7,467,348 times
Reputation: 10192
Costco no longer has it on their website looks like they did have it there cached page pops up then goes away. I guess they are sold out now.
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Old 04-29-2024, 03:14 AM
 
27,743 posts, read 16,256,124 times
Reputation: 19174
Im gonna sell at the right moment. It will come down when dopey is gone.
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