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The Sandbox - Pittsburgh The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here. If it's NOT an adult-themed topic, then it belongs here

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Old 04-05-2024, 04:20 PM   #16
bambino
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As gold hits all time high of $2,328/oz: The role of the dollar as the universal reference point for valuation has been shifting subtly behind the scenes over the last decade…. as China starts to demand people receive the RMB as payment… and as other BRICS search for alternatives to the USD as references for value…. geopolitical disruptions and a growing lack of confidence in the US direction is speeding up that directional shift… (back to the future) with gold emerging as the winner to date as BRICS central banks build bullion reserves. Increasingly I am hearing that this is the beginning of a transformation that leads to gold as the universal reference point… for foreign exchange and for commodities. Where we change our way of relative value comparison… from what is this worth in dollars?… to what is this worth in gold?
Gold is Security, @Glintpay its Key
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Old 04-05-2024, 06:26 PM   #17
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I found some neat silver coins for sale a bit ago, WW2 era German, all with Swastikas, and other Nazi markings.

What I found odd, was that they were priced at spot, not as an otherwise collectable.

My dad has an Apartheid Era Krugerand, mounted in a gold coin holder, on a gold chain that was his 70s, Disco necklace.

No shit, even my parents got into disco.

I recently searched to see if Apartheid era coins had any value above spot, and, they don't.
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Old 04-05-2024, 06:55 PM   #18
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Quote:
Originally Posted by Devo View Post
I found some neat silver coins for sale a bit ago, WW2 era German, all with Swastikas, and other Nazi markings.

What I found odd, was that they were priced at spot, not as an otherwise collectable.

My dad has an Apartheid Era Krugerand, mounted in a gold coin holder, on a gold chain that was his 70s, Disco necklace.

No shit, even my parents got into disco.

I recently searched to see if Apartheid era coins had any value above spot, and, they don't.
Gold Krugerands were illegal to own in the US after Nixon took us off the gold standard. I forget how long.
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Old 04-06-2024, 08:32 AM   #19
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Another 8 minute video which is informative


https://m.youtube.com/watch?v=VMHZVkzqXAU
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Old 04-06-2024, 09:51 AM   #20
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I've been buying silver rounds and a few bars since last year. Mostly the "Collector" themed stuff. Yugioh, Godzilla, John Wick, Zombucks, etc.

If anything, I'm safe from werewolves at least
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Old 04-06-2024, 10:05 AM   #21
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Quote:
Originally Posted by DrivesAllDay View Post
I've been buying silver rounds and a few bars since last year. Mostly the "Collector" themed stuff. Yugioh, Godzilla, John Wick, Zombucks, etc.

If anything, I'm safe from werewolves at least
And that’s half the fun of stacking silver. There’s some cool looking stuff. I have some Kilo and 10oz bars that are cool looking.
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Old 04-06-2024, 10:59 AM   #22
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Bix Weir was a banker at the Boston Fed. He’s very knowledgeable. This video just came out. It’s 30 minutes long. I suggest you find time to listen to it.

https://m.youtube.com/watch?v=vAG0b9AeCAQ
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Old 04-06-2024, 01:17 PM   #23
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Quote:
Originally Posted by bambino View Post
Gold Krugerands were illegal to own in the US after Nixon took us off the gold standard. I forget how long.
Now that you mention that, I remember that was part of the allure, I didn't know it was illegal to own them, just that he had a hell of a time getting one, and even the local Jeweler who set the coin into the holder was impressed he had gotten one, I do remember its rarity being mentioned.
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Old 04-06-2024, 01:18 PM   #24
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Quote:
Originally Posted by bambino View Post
And that’s half the fun of stacking silver. There’s some cool looking stuff. I have some Kilo and 10oz bars that are cool looking.
I do have a 1 oz, Willie Stargell, come coins, etc.
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Old 04-06-2024, 01:37 PM   #25
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Quote:
Originally Posted by Devo View Post
Now that you mention that, I remember that was part of the allure, I didn't know it was illegal to own them, just that he had a hell of a time getting one, and even the local Jeweler who set the coin into the holder was impressed he had gotten one, I do remember its rarity being mentioned.
Yep. After Nixon took us off the gold standard it was illegal to own gold. You could own jewelry but not bullion. The Gold Krugerand was very popular at the time. You had to get them via the black market.
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Old 04-06-2024, 02:10 PM   #26
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https://x.com/bespokeinvest/status/1...0AMolspcYxY9QA

They sold out of silver
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Old 04-06-2024, 02:19 PM   #27
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Gold and silver are one huge strike away from taking a tumble in value. Biggly
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Old 04-06-2024, 04:42 PM   #28
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Quote:
Originally Posted by winn dixie View Post
Gold and silver are one huge strike away from taking a tumble in value. Biggly

Why am I not surprised you would say that lol
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Old 04-07-2024, 02:55 PM   #29
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https://t.me/sharirayepatriots/100142
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Old 04-08-2024, 09:55 AM   #30
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Gold hits new record as China's central bank carries on enlarging its reserves

Read: https://www.dailymail.co.uk/money/ma...=1490&ito=1490
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