By the way,.whats the dealerd discount in your area? In my country, the biggest dealer is taking 15% of spot for metals rebuy, which I consider abusive.
I am increasingly suspicious-certain, the US -and the EU- are going to confiscate private gold..Why wouldnt they do it again? Think about it. The US confiscate at 4K and inmediately revalue at 10K. Trillions in debt gone. Silver, on the contrary wont likely be confiscated due to both industrial use and volume. An article about the aleas of gold confiscation and the possible scenarios would be widely read. Those who sell gold in time before confiscation and buy silver will possibly multiply x5 in a very short time span.
Actually Sam came to me yesterday and was talking much the same. However, she was talking crypto and you're talking silver. But basically: anything that the governments can reach, they will steal. Banks, stock brokers, ... Anything.
I already detailed my take on this matter here I think:
Don't think you're safe. You're not. Unless you can buy an island in the pacific and start a rural society (I'm thinking about it, but lack the cash :p)
You're right on all points. And I'm more focused/worried about our European brethren. Their rulers are creating a penal colony worse than North Korea! Digitally chained to where they live with exit taxes and everything. They dare to call Putin a dictator but fail to recognise they are as well. Just different.
Excellent analysis my friend.
By the way,.whats the dealerd discount in your area? In my country, the biggest dealer is taking 15% of spot for metals rebuy, which I consider abusive.
Coins from about 8%, heavy kilo bars from 4%. That's for sales. Buy back is as far as I know at spot price (I never sold anything 😇)
I am increasingly suspicious-certain, the US -and the EU- are going to confiscate private gold..Why wouldnt they do it again? Think about it. The US confiscate at 4K and inmediately revalue at 10K. Trillions in debt gone. Silver, on the contrary wont likely be confiscated due to both industrial use and volume. An article about the aleas of gold confiscation and the possible scenarios would be widely read. Those who sell gold in time before confiscation and buy silver will possibly multiply x5 in a very short time span.
Actually Sam came to me yesterday and was talking much the same. However, she was talking crypto and you're talking silver. But basically: anything that the governments can reach, they will steal. Banks, stock brokers, ... Anything.
I already detailed my take on this matter here I think:
> https://no01.substack.com/p/the-authoritarian-drift-how-the-eu
Don't think you're safe. You're not. Unless you can buy an island in the pacific and start a rural society (I'm thinking about it, but lack the cash :p)
You're right on all points. And I'm more focused/worried about our European brethren. Their rulers are creating a penal colony worse than North Korea! Digitally chained to where they live with exit taxes and everything. They dare to call Putin a dictator but fail to recognise they are as well. Just different.