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$15.25 silver futures

Buy and Hold simple, page-59

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Skol

33,041 Posts.

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22/02/18

15:34

Post #: 31262119
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Originally posted by AndyIgo ↑

Hi Infose and all,

“Acquisitions of the precious metal by Russia reached a record 223 tons last year, accounting for 17.7 percent of overall Russian reserves. Since June 2015, the country has added over 558 tons of gold”

“According to the World Gold Council, Russia is not only the largest official buyer of gold but also the world's third-biggest producer, with the central bank purchasing from domestic miners through commercial banks.”

“In the past 10 years alone, the country has mined more than 2,000 tons of gold, with annual production expected to rise to 400 tons by 2030.”

https://www.rt.com/business/416624-russia-record-gold-reserves/

I read the articles and sometimes share them with other people that may be interested I don’t write them. Do I believe what I read all the time the answer is no I question most things including the idea that central bankers and the various governments have everything under control or that debts don’t matter.

As I feel like that and have done for some time, I started buying both Gold and Silver as purchasing power protection. Since the Gold I bought back in 2002 is now up by more than a factor of four and that I have the ability to buy petrol at 1921 prices is telling me I’m doing OK.

You don’t like or own precious metals, fine that’s your problem or I certainly feel it will be at some point in the future; however, if you think you are going to talk me out of continuing to buy and own Gold and Silver believe me you are wasting your time as is our resident chicken, chicken farmer!

Cheers and very best regards: Andy

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Gold I bought back in 2002
======================

Have you guys noticed that goldbugs always bought their gold back in 2002? So did ourlady and Elmer Fudd...do you believe it? I don't, not for a split second. Andy has omitted to mention that he bought it in 2011 in as well.

Last edited by Skol: 22/02/18
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