suxen_tsihcrana

It is, for the most part. Doesn’t mean it hasn’t its share of issues.

Thanks for the insight! It makes sense in a big-picture way. The precious metals market has always seemed more irrational than the rest.

I’m thinking of refining, not just melt. take some amount of jewelry with any gold content, isolate the gold bits which are maybe 90%-99.5% gold, then through a chemical process, which can take a fair bit of time and does involve dangerous chemicals and noxious fumes (don’t skip the fume hood), refine that material, removing the impurities (other metals), until you’re left with (hopefully) 99.9999% gold that can be sold at spot prices or higher.

A similar thing can be done with silver, through electrolysis.

I agree about real estate and things being generally in different stages of FUBAR globally.

What is the argument for precious metals being overvalued? (Beyond just “number too high”)

EDIT: I promise I’m not one of those psycho goldbugs - just curious and largely ignorant.

Ok, I maybe am considering buying old jewelry from yard sales and refining it 😂. What I’m thinking is, though, the fact that precious metals still can be found at estate sales and even Goodwill suggests to me that we’re nowhere close to the frenzy of a real bubble. People understand the pure is worth $$$, but other forms of it still get dumped off like it’s worth less than nothing.

Or do I have things backwards? Should market prices be closer to their goodwill/yard sale counterparts?

Hey now, I’m not one of those nerds /s

That means prices go down, right? Right?

Luke+Leia.jpg

The front fell off

It’s found in a Brazilian countries