Discussion of the Gold portion of the Permanent Portfolio
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Ad Orientem
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by Ad Orientem » Wed Aug 12, 2020 3:03 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
I want my fillings back!
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pugchief
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by pugchief » Wed Aug 12, 2020 3:30 pm
Ad Orientem wrote: ↑Wed Aug 12, 2020 3:03 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
I want my fillings back!
No problem. But do you want them back tomorrow or 7-10 days from now?
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dualstow
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by dualstow » Wed Aug 12, 2020 3:55 pm
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Ad Orientem
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by Ad Orientem » Wed Aug 12, 2020 5:35 pm
pugchief wrote: ↑Wed Aug 12, 2020 3:30 pm
Ad Orientem wrote: ↑Wed Aug 12, 2020 3:03 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
I want my fillings back!
No problem. But do you want them back tomorrow or 7-10 days from now?

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Ad Orientem
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by Ad Orientem » Wed Aug 12, 2020 7:53 pm
Looks like the hemorrhaging has slowed and gold may be getting support around $1900 and silver around $25.
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Cortopassi
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by Cortopassi » Wed Aug 12, 2020 9:40 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
Bird in the hand...tomorrow.
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pugchief
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by pugchief » Thu Aug 13, 2020 6:39 am
Cortopassi wrote: ↑Wed Aug 12, 2020 9:40 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
Bird in the hand...tomorrow.
And that is what I told them earlier this morning. Since gold futures are up.

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Cortopassi
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by Cortopassi » Thu Aug 13, 2020 8:39 am
pugchief wrote: ↑Thu Aug 13, 2020 6:39 am
Cortopassi wrote: ↑Wed Aug 12, 2020 9:40 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
Bird in the hand...tomorrow.
And that is what I told them earlier this morning. Since gold futures are up.
You don't have to answer, but after a career (??) of collecting scraps, how many ounces are we talking? Just curious.
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pugchief
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by pugchief » Thu Aug 13, 2020 11:00 am
Cortopassi wrote: ↑Thu Aug 13, 2020 8:39 am
pugchief wrote: ↑Thu Aug 13, 2020 6:39 am
Cortopassi wrote: ↑Wed Aug 12, 2020 9:40 pm
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pm
Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
Bird in the hand...tomorrow.
And that is what I told them earlier this morning. Since gold futures are up.
You don't have to answer, but after a career (??) of collecting scraps, how many ounces are we talking? Just curious.
I haven't gotten the report back yet, but I'll let you know. It felt very heavy (2 lbs?) when i put it in the box, but the bulk of that is garbage that has no value. I have been collecting this particular pile for around 10 years.
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Libertarian666
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by Libertarian666 » Thu Aug 20, 2020 1:37 pm
So they have two whole examples of when this theory would have predicted the gold price would go down, and that makes it a fact?
LOL.