Comments on: Gold, Silver and Palladium Decline on Thursday, March 16 https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/ CoinNews delivers the latest World and US coin news Sun, 19 Mar 2023 20:40:03 +0000 hourly 1 https://wordpress.org/?v=6.1.1 By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519852 Sun, 19 Mar 2023 20:40:03 +0000 https://www.coinnews.net/?p=94961#comment-519852 In reply to Dazed and Coinfused.

Red oak, Dazed and Coinfused, red oak. 🙂

]]>
By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519815 Sat, 18 Mar 2023 21:56:37 +0000 https://www.coinnews.net/?p=94961#comment-519815 In reply to Dazed and Coinfused.

This is why the concept of stacking to survive is such a gross misapprehension of things to come, Dazed and Coinfused. Once the social order has devolved to the point where all normal human interaction and standard economic exchange has ceased to function, anyone venturing about in search of a barter opportunity of precious metal(s) for food and/or water would most likely have expended every single cartridge with which their crossed bandeleros had been festooned long before they had any chance of succeeding in their quest.

]]>
By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519814 Sat, 18 Mar 2023 21:40:10 +0000 https://www.coinnews.net/?p=94961#comment-519814 In reply to Dazed and Coinfused.

Talk about synchronicity, Dazed and Coinfused and c_q, I was just thinking the very same thing myself, which is: “Life is one big Ponzi scheme.”
By the way, the international crime industry generates fully 3.6% of the world’s yearly economic activity, which is equivalent to 2.1 trillion dollars or the annual GDP of Brazil, the current eighth largest economy on the planet.

]]>
By: Dazed and Coinfused https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519785 Fri, 17 Mar 2023 21:49:30 +0000 https://www.coinnews.net/?p=94961#comment-519785 Imagine gold’s peak when the people around the world all make a run on the banks. In cases like this. I’ll wait for prices to drop and then buy a slabbed mad mike special for less. Plus free oak box and because so many send coins to grade they pay for his grading. I gold oz from mint, I’d bet probably $3250. I wouldn’t hold paper too long. There’s 99 more people doing the same thing in line ahead of ya.

]]>
By: Dazed and Coinfused https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519783 Fri, 17 Mar 2023 21:43:05 +0000 https://www.coinnews.net/?p=94961#comment-519783 In reply to Kaiser Wilhelm.

I hear crime pays well, if it were a country I think I remember it being ranked 2nd behind US. But California is 6th if it were a separate country. Life is one big ponzi scheme.

]]>
By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519780 Fri, 17 Mar 2023 21:17:42 +0000 https://www.coinnews.net/?p=94961#comment-519780 In reply to c_q.

I’m not sure, c_q, that anything will ever stop thievery of one sort or another. It’s my unswerving opinion that some people will engage in absolutely any endeavor other than work.

]]>
By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519779 Fri, 17 Mar 2023 21:08:49 +0000 https://www.coinnews.net/?p=94961#comment-519779 In reply to c_q.

Good for you, c_q, for holding fast to the true spirit of numismatics. We who are about to make further additions to our collections salute you!

]]>
By: c_q https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519764 Fri, 17 Mar 2023 19:13:28 +0000 https://www.coinnews.net/?p=94961#comment-519764 In reply to Kaiser Wilhelm.

I purchased exactly 1 palladium coin, just because I thought it would be cool to have one of each metal the mint used for coins (the other metals being fairly easy to get). not one of each type of finish, not one for each mint mark, not one for every year, just one single solitary palladium coin was fine for me. sure, when palladium shot up over $2000/oz I was tempted to sell it and make a profit, but then I would have zero palladium coins, so I didn’t.

]]>
By: c_q https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519763 Fri, 17 Mar 2023 19:06:50 +0000 https://www.coinnews.net/?p=94961#comment-519763 fyi gold tipped over $2000 (and then promptly fell back below) just a few minutes ago (note i’m looking at the front primary futures contract, not spot). a bunch of the further out contracts are well over $2000 right now, so the indication is for gold spot to climb a bit more. but of course, futures data is only accurate when you look at it, it doesn’t really predict the actual future all that well.

poor palladium, down in the dumps, on the plus side maybe that means catalytic converter thieves won’t get as much and they’ll stop stealing them

]]>
By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/gold-silver-and-palladium-decline-on-thursday-march-16/comment-page-1/#comment-519760 Fri, 17 Mar 2023 18:31:50 +0000 https://www.coinnews.net/?p=94961#comment-519760 In reply to Kaiser Wilhelm.

Then again, why would any of us – except, I suppose, those looking to sell what palladium coins they already have – give a darn. In fact, for our own buying purposes the more it declines in value the better, that is, as long as the Mint adheres to its pricing grid, which is to say that as palladium drops so should the Mint’s prices for it.

]]>