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.
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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
 
Remember "vaccine fatigue" and "Covid fatigue"? Well, now, you might get "gold fatigue" by buying too much gold! Thankfully, there are alternatives... such as Bitcoin. :rolleyes:
Gold fatigue
At times, the price of gold rises to such a level where interest begins to wane and other products such as platinum become more appealing to investors do to trading at a discount compared to gold. This has been referred to as "gold fatigue", wherein investors seek alternative assets including silver, platinum, or even non-metal investment assets such as Bitcoin. The price of platinum rose 44% in early 2025 in part due to "gold fatigue" and investors fleeing gold towards platinum, with some sources saying that platinum could even reach $4,000 an ounce before gold if the investor "fatigue" were to continue.
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en.wikipedia.org

Gold as an investment - Wikipedia

en.wikipedia.org en.wikipedia.org
 
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