World precious metal purchasing and US Stockpile

Discussion in 'Bullion Investing' started by lardan, Aug 17, 2024.

  1. lardan

    lardan Supporter! Supporter

    First I am only asking about gold and silver. Every month or so I read about China and India purchasing hudge amounts of precious metals, primarily gold. The amounts may be more than the previous month or year or may be less than the previous month or year. My point is their purchases are pointed-out frequently in the news. Occasionally Russia and the UK get mentioned also.

    What I want to ask what is the United States doing? Are we buying, selling, or sitting on the on the sidelines? Truly, I don't remember when the US was mentioned regarding being a buyer or seller.

    Also about a year or two ago I watched a show, I think it was on the History Channel, saying the US now only has very little gold. This show had some great points, but don't want to bore anyone with all the things I remember they said. My question this time is, do you think we actually have all the gold we claim to have?
     
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  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Lardan, everyone knows that the Gold lies here in CoinTalk! :rolleyes::p
     
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  4. rte

    rte Well-Known Member

    There is a very good reason the government doesn't want to account for the gold they say they hold.
     
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  5. fretboard

    fretboard Defender of Old Coinage!

    Gold price is $2508, love this! tmoney - Copy.gif
     
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  6. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Oh Boy! That just means that I have to be more careful with my Jewelry being out and about. :nailbiting:
     
  7. rte

    rte Well-Known Member

    My better half quit wearing her 1/4 ounce panda necklace around the $1600 price point because she didn't want the extra attention.
     
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  8. fretboard

    fretboard Defender of Old Coinage!

    Absolutely! I wear gold all the time but very little, I always have a gold medal or coin around my neck but it's always under my shirt, no reason for me to flash at my age. :D
     
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  9. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    I hear you but sometimes they just fall out. Gold cross and Dad's wedding band.
     
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