Experience with buying gold?

If I would have money to buy gold, I would buy 22ct indian bangles or 24ct if you know the dealer. Even if you do not want to buy gold now it is important to make friends with a dealer. Think of it adding to the important list of connections... plumber, electrician, dentist, GP, vet, pharmacist, handyman (if you cannot DIY), farmer (for fresh produce if you haven't started your own crops), etc.
 
Fwiw - an unsubstantiated claim (basically a rumor) is out and about on X that Trump is considering the gold standard again for the US. Figured I'd document it here, since could be the first trial balloon floated for something that actually may be being considered on some level.

BREAKING: Officials within the Trump administration have said that President Trump is considering returning the U.S dollar back to the gold standard. This would allow U.S currency to be directly exchanged for gold. This would be incredible in my opinion.
Click to expand...

https://twitter.com/x/status/1889562025816150145
 
I don’t think that any country is really thinking about going back to a full gold-backed currency - it just is not feasible. At the most it would be a partially backed currency (20%, or even less?). This would propel gold to the stratosphere, and I don;t think any currency could swallow that. Because in the end, it is not gold that rises, it’s the currency that looses purchasing power - every currency in history has eventually dropped to … zero.
 
I will believe it when I see it in terms of a big price increase... yet, silver technically, with this huge 'cup and handle' formation, which indicates a coming resolution of the pattern with a huge break of price to the upside, and fundamentally with the supply deficit the last few years and what seems to be only more demand for the actual physical metal could be gearing up for a significant price increase at some point.

"#Silver One of the largest breakout patterns in human history ! Hope you have your ticket punched for this ride."

https://twitter.com/x/status/1890239821693726819
silver cup and handle.jpg
 
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