Look at that! My purchasing power continues to decline at an alarming rate. Or are the numbers finally reflecting it? If you go on any metal exchange, gold already trades beyond $2720 an ounce. Under the current price, a 1/20 oz gold piece would qualify you for free shipping in places like APMEX.
The days when I could buy 1/10 oz of gold with my monthly allowance are ending. Of course, I could always reallocate funds to keep it flowing. In the meantime, I'll continue to look for bargains for my purchases. There's a good chance I might come across some spot-price deals near the end of the year.
I decided to buy some Tokelau silver pieces this time. They have the zodiac theme. I only managed to get six of them for now. I won't show you the ugly mug of Charles III on the other side. So, enjoy the designs on these coins.
Silver has been stuck around $30 an ounce for a while now. I don't know how long it will stay around $30 under the current economic conditions. Well, it means more affordable metals for me before it spikes.
Until next time.
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I have to get to the store and start making some purchases myself soon and I am afraid I am not going to be able to get everything I need with the money I have set aside. I might need to bump that a little if the price of silver keeps going up.