Gold...sell or hold ?????

[OldBeechnut]

Holding... Same boat here at 72, Very Blessed

With the way all is going I expect gold to continue up.

Only thing worries me if they try and go cashless in the future.

 

[fwcrawford]

Holding... Same boat here at 72, Very Blessed

With the way all is going I expect gold to continue up.

Only thing worries me if they try and go cashless in the future.

The trend seems to be going towards cashless…

 

[stateguyt]

You can sell a little bit now maybe your 10k or scrap pieces (earrings chains)
See if it goes up
From what I here analyst say there predict it going too 2600

 

[DWerk]

The trend seems to be going towards cashless…

I do not believe this nation will see that for some time. Enough of the citizens do not want the government noses knowing what they spend and where they spend it. It is none of their business. All they want out of it is more control over your lives.

 

[fwcrawford]

I do not believe this nation will see that for some time. Enough of the citizens do not want the government noses knowing what they spend and where they spend it. It is none of their business. All they want out of it is more control over your lives.

Maybe, but I feel it is already happening in many cases… most young people now do not even carry cash anymore…. They prefer plastic..
But I do agree with you in the fact that many do not want it known how they spend their money…. However, many expose their lives on social media!!!

 

[tvr]

Maybe, but I feel it is already happening in many cases… most young people now do not even carry cash anymore…. They prefer plastic..
But I do agree with you in the fact that many do not want it known how they spend their money…. However, many expose their lives on social media!!!

There is a huge difference between people choosing to go cashless on their own and choosing how to do so; and the government mandating it and controlling the mechanisms. Both will reduce the coins dropped for us to find with metal detectors. The former is one of personal choice, the latter is tyranny.
I still write my representatives from time to time to encourage getting rid of the penny and replacing dollar bills with a dollar coin ... with inflation as it is, next time I'll include $5. ;-)

 

[fwcrawford]

There is a huge difference between people choosing to go cashless on their own and choosing how to do so; and the government mandating it and controlling the mechanisms. Both will reduce the coins dropped for us to find with metal detectors. The former is one of personal choice, the latter is tyranny.
I still write my representatives from time to time to encourage getting rid of the penny and replacing dollar bills with a dollar coin ... with inflation as it is, next time I'll include $5. ;-)

I agree with you, but what I am getting at is the folks not dealing with cash is driving things to go that way.
In many ways now, cash is no longer accepted.
I was one of the last few holdouts of refusing to get direct deposit, but finally was forced to some years before I retired.
And you are right… either is going to result in less coins in the ground for us.
I have been seeing a decline even since I started detecting in 2006.
I like your idea if doing away with the $1 bill too..and stop mintage of the penny.

 

[tvr]

I agree with you, but what I am getting at is the folks not dealing with cash is driving things to go that way.
In many ways now, cash is no longer accepted.
I was one of the last few holdouts of refusing to get direct deposit, but finally was forced to some years before I retired.
And you are right… either is going to result in less coins in the ground for us.
I have been seeing a decline even since I started detecting in 2006.
I like your idea if doing away with the $1 bill too..and stop mintage of the penny.

Something that was a little surprising when we moved to South Carolina from Maryland is how many businesses charge 3 to 3.5% more to use a credit card rather than paying in cash. Saw almost none of that in Maryland. It makes sense because of the fees charged to businesses for processing credit cards.

 

[fwcrawford]

Something that was a little surprising when we moved to South Carolina from Maryland is how many businesses charge 3 to 3.5% more to use a credit card rather than paying in cash. Saw almost none of that in Maryland. It makes sense because of the fees charged to businesses for processing credit cards.

Yep… I have heard of that too in my State.. Virginia.
First started seeing it at gas stations.. now restaurants are doing it too.
Only good point is that some card companies offer cash back.

 

[RichW]

In 20+ years of beach detecting, I never sold any gold. Always said it was for my retirement days. Those day are here but I still dont really need the money.
Other investments worked out well.. Thank you **ple !!! I always said Id sell when it hit and could hold 2K. Now its at 2400 !!! Im thinking I should wait a bit longer.

So what ya think. Maybe sell off some, now ???

HH
Donna(NJ)

I'd never

 

[RichW]

I'd never

sell gold unless I had to.

 

[badarse]

We spoke before Donna. I have converted all mine to 1 ounce gold bars. Now at least you can move them quickly and you still have your beach gold...kinda, Bob