X-it
Active VIP Member
If you are buying placer gold the purity can range from 56% to 99%. If you look up the region it was recovered from you can guess the purity within 5%. Coins and bars will have the purity already stamped on it.
Skool me about gold.
- Thread starter ferniesnow
- Start date
X-it
Active VIP Member
If you want to make some money, get your free miners license and stake some claims.
Last edited:
mclean
Active VIP Member
Should try to venture up soon to get a crazy northern light show
X-it
Active VIP Member
mclean
Active VIP Member
I had a crazy old lady at work tell me for the last 10 years to buy silver. Guess she wasn't that crazy after all
X-it
Active VIP Member
We used to try and recover all the platinum we could, it was worth way more than gold. Now i see gold is worth more. I doubt many people like buying platinum.. or palladium for that matter. And even less buy nickel, boy that skyrocket with the russian crysis.
JayT
Active VIP Member
Has anyone checked what the actual retail price of an ounce of silver is right now? I think spot is around 33 bucks an ounce Canadian
I'm going to guess retail is probably closer to 50
I'm going to guess retail is probably closer to 50
bjd68
Active VIP Member
silver has a premium of 10 bucks over spot
5Lgreenback
Active VIP Member
Has anyone here purchased gold/ silver from silvergoldbbull.com?
X-it
Active VIP Member
I think the bars are around 40 and the coins around 45
X-it
Active VIP Member
Yes i have, don't ask me what i cannot remember, it has been awhile.
Outdoors
Active VIP Member
They are the most expensive,you get a bit of a price break at Bullion or other smaller places
JayT
Active VIP Member
I thought this was fake at first but it's not
TD is in the game, look like they charge about 10% over spot
www.td.com
Precious Metals: Buy Gold, Silver & Platinum | TD Canada Trust
Buy physical gold, silver and platinum bullion, coins and bars online through TD Precious Metals Digital Store. Convenient delivery to your front door or a TD branch.
www.td.com
mclean
Active VIP Member
A friend of mine bought silver from sgb last week. Ordered online, they send the receipt with account number, then you add it as a payee on your banking and pay it as a bill and 4 days later you have a discrete package from a john Smith
puddle
Active VIP Member
I caught the bug a few years back, when it was 1500$ an oz.
Not sure i would pay these prices. But I dont see it going back down to 1500 any time soon.
Older guy I known was buying coins for 300$ in the late 90s.
Its trending upwards id say...
Not sure i would pay these prices. But I dont see it going back down to 1500 any time soon.
Older guy I known was buying coins for 300$ in the late 90s.
Its trending upwards id say...
ZRrrr
Active VIP Member
From an article yesterday:
It is not only consumers rushing to the local Costco and neighborhood metals dealer to wipe out their inventories of gold bars and coins.
Since the global financial crisis of 2008–09, central banks have been significant gold buyers, and their investments are paying off. These institutions are striking gold as prices have notched more than two dozen record settlements this year.
The metal has rallied about 30 percent in 2024, rising to as high as $2,708 per ounce. Its sister metal commodity, silver, has also performed well so far this year, surging 32 percent, to $32 an ounce.
Precious metal prices have rocketed on several factors.
Over the last 12 months, the U.S. Dollar Index (DXY), a gauge of the greenback against a basket of currencies, has slumped 3.5 percent. A weaker buck is good for dollar-denominated commodities because it makes it cheaper for foreign investors to purchase.
Despite its recent uptick, the benchmark 10-year Treasury yield has weakened by a full percent since November 2023 on Federal Reserve policy expectations. This has diminished the opportunity cost of holding non-yielding bullion.
Financial markets have witnessed an invasion of gold bugs, bulls that have ushered in precious metal euphoria to the trading floor of the New York Stock Exchange.
But central banks have ostensibly been ahead of the pack.
According to data compiled by the World Gold Council, central banks acquired 1,037 tons of gold last year, the second-highest annual purchase in history. This came one year after the institutions purchased a record high of 1,082 tons.
In August, central banks reported net purchases of eight tons, led by the National Bank of Poland, the Central Bank of the Republic of Turkey, and the Reserve Bank of Turkey.
But while central-bank purchases have significantly increased over the last three years, this has been a long-term trend, says Joseph Cavatoni, a senior market strategist at the World Gold Council.
“It’s a 14-year trend that’s basically been playing out since the global financial crisis,” Cavatoni told The Epoch Times.
“[There] has been a real desire to diversify their holdings and add the component of gold to the portfolio to achieve a better performance outcome.”
Though purchasing sizes have slowed recently, central banks anticipate adding more gold to their reserves in the coming years.
A 2024 World Gold Council survey showed that 81 percent of central banks will increase their gold holdings over the next 12 months. Looking ahead to the next five years, 66 percent of central banks think gold’s share of their overall reserves will be “moderately higher.”
In today’s “increasingly uncertain global economic environment,” the trends make sense, says Matthew Jones, a precious metals analyst at Solomon Global.
“Central banks are increasing their gold purchases as a strategy to diversify reserves, hedge against inflation, protect themselves from geopolitical risks, and reduce reliance on the U.S. dollar,” Jones told The Epoch Times. “Gold’s historical role as a stable and universally accepted asset makes it an attractive option, especially in an increasingly uncertain global economic environment.”
The U.S. dollar hegemony might play a vital role in central banks’ ferocious gold appetite.
Central Banks Are Buying Gold: What You Need to Know
Strong central bank demand has been a 14-year trend, according to the World Gold Council.It is not only consumers rushing to the local Costco and neighborhood metals dealer to wipe out their inventories of gold bars and coins.
Since the global financial crisis of 2008–09, central banks have been significant gold buyers, and their investments are paying off. These institutions are striking gold as prices have notched more than two dozen record settlements this year.
The metal has rallied about 30 percent in 2024, rising to as high as $2,708 per ounce. Its sister metal commodity, silver, has also performed well so far this year, surging 32 percent, to $32 an ounce.
Precious metal prices have rocketed on several factors.
Over the last 12 months, the U.S. Dollar Index (DXY), a gauge of the greenback against a basket of currencies, has slumped 3.5 percent. A weaker buck is good for dollar-denominated commodities because it makes it cheaper for foreign investors to purchase.
Despite its recent uptick, the benchmark 10-year Treasury yield has weakened by a full percent since November 2023 on Federal Reserve policy expectations. This has diminished the opportunity cost of holding non-yielding bullion.
Financial markets have witnessed an invasion of gold bugs, bulls that have ushered in precious metal euphoria to the trading floor of the New York Stock Exchange.
But central banks have ostensibly been ahead of the pack.
According to data compiled by the World Gold Council, central banks acquired 1,037 tons of gold last year, the second-highest annual purchase in history. This came one year after the institutions purchased a record high of 1,082 tons.
In August, central banks reported net purchases of eight tons, led by the National Bank of Poland, the Central Bank of the Republic of Turkey, and the Reserve Bank of Turkey.
But while central-bank purchases have significantly increased over the last three years, this has been a long-term trend, says Joseph Cavatoni, a senior market strategist at the World Gold Council.
“It’s a 14-year trend that’s basically been playing out since the global financial crisis,” Cavatoni told The Epoch Times.
“[There] has been a real desire to diversify their holdings and add the component of gold to the portfolio to achieve a better performance outcome.”
Though purchasing sizes have slowed recently, central banks anticipate adding more gold to their reserves in the coming years.
A 2024 World Gold Council survey showed that 81 percent of central banks will increase their gold holdings over the next 12 months. Looking ahead to the next five years, 66 percent of central banks think gold’s share of their overall reserves will be “moderately higher.”
In today’s “increasingly uncertain global economic environment,” the trends make sense, says Matthew Jones, a precious metals analyst at Solomon Global.
“Central banks are increasing their gold purchases as a strategy to diversify reserves, hedge against inflation, protect themselves from geopolitical risks, and reduce reliance on the U.S. dollar,” Jones told The Epoch Times. “Gold’s historical role as a stable and universally accepted asset makes it an attractive option, especially in an increasingly uncertain global economic environment.”
The U.S. dollar hegemony might play a vital role in central banks’ ferocious gold appetite.
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