Costco Gold. Fact Or Fiction?

USD as measured by DXY, the dollar index, is actually at it's best level since XMAS 2023. Back then it was about 101, now about 106. USD has been in a general uptrend since 2008 when it was around 73!

Yes, in general if USD is falling, gold tends to rise.

Despite what you hear about inflation, ballooning deficit, and rising debt to GDP, the dollar is soldiering on. I would guess other countries with a major currency are pretty much in the same boat. The common denominator being that humans are running things. Their economies may have recently slowed, resulting in the strengthening dollar.

The only way for the dollar to plummet is for the US to print money at a rate that far surpasses what the other major economies are doing. So far that does not appear to be happening.

People might not understand my terms Brandmeister but they hedge instinctively. Sadly, most people have no sense of scale. Buying an ounce of gold at Costco has a feelgood effect rather than accomplishing any substantial hedge. The instinct is there but they need 50 ounces.

The gold at Costco is a very good deal. If you have an executive membership you will earn 2% back. They only take Visa. Most either get cash back or airline miles. When I bought it was priced 40-60 dollars above spot.
It was shipped UPS overnight. Price includes delivery.
I also bought Canadian silver maple leafs. They looked like factory defects although they tested out fine.

I was pointing out that the value of the USD is certainly not plummeting and is fairly robust at the moment. DXY is a fair indication of the dollar's value in global markets.

I feel our canadian dollar has lost about 40 % of its value in the last 7 years. Last year a package of 2 T bones was about $ 28 , this year same pack $47 . House tax went up 10 % 2 years ago and this year another 5 % . Lazy boy recliners went from $ 1500 5 years ago to $ 2400 now. I agree all fiats are dropping , right now mining ,oil ,uranium and precious metals look good to us. Everytime inflation numbers are released it is "EX " something.

When I bought gold at $1,400 per ounce people said I was a fool.

We are always in the last days and everyone is always a survivalist to some extent. What has preserved the world in debt-land for the last 50 years is the ability to continuously devalue every currency. So far that has been smooth, but the pace of devaluation has accelerated.

I only became aware of metals as a store of value when liquidating my dad's coin "collection". 90% of the value was in modern gold proofs, and not much more than their metal content. His stocks and real estate were worth far more, but it was a good lesson. In 6 months the stock (royalty trusts) dropped 80-90%, and I was lucky to liquidate them ahead of that. I watched his royalty trust bubble burst from a hedged position in munis and mutual funds, not metals.

If the whole financial system collapses the way those trusts did, the valuable assets will be food, fuel and unmortgaged shelter. Metals could be useful as a medium of exchange, like they were for gypsies. Sort of what bitcoin promised to be before it became a speculation tool.

I don't know glenmorenee. Lots of causes. I tend to blame entitlement spending which I collect in SS and Medicare. The government has depleted the reserves, which either means reducing the benefits or increasing the borrowing to maintain them. It's easy to guess how the politicians will act.