Anyone buying Silver or Gold ?

[DSmith21]

Screw silver and gold. I am buying up tulip bulbs as I hear that they are ready for a big comeback. Single bulbs once traded for up to 10 times the annual wages of a skilled craftsman. If I am wrong, at least my yard will look nice.

https://en.wikipedia.org/wiki/Tulip_mania

 

[KopiKat]

silvertowne is typically over priced. also they sell your personal information to "marketing partners" (unless you opt out, it says so right on their website).

the best way to compare prices across various products and vendors is:

https://comparesilverprices.com/ and https://comparegoldprices.com/

however, you won't typically find the lowest premium listed there. the best way to find specials is to join a dedicated gold and silver forum such as goldismoney, kitco, bullionstacker, etc. there's usually a deals thread on each one and the lowest premium items will find their way on to any of those sites very quickly

typically the lowest every day premium will be found from jmbullion or provident for silver. for gold, ebay will always allow you to pay the lowest premium (stick with large dealers such as apmex)

kitco is certainly the best metal-market resource I know of. As for JMBullion: yes, their web prices certainly appear best available. I have not yet done business with them as I have heard of many complaints. Have you done business with them?

 

[throatpoker]

I've spent time on a variety of metals forums over the last few years and I'm not aware of any issues with JMbullion's reliability. I just looked at their BBB page and didn't see any issues around failure to deliver, only people who don't understand check clearing processes, market fluctuations, etc that go along with purchasing from any metals dealer. I'm not pushing JM, but them, Provident, Apmex not only offer consistently the best pricing (for small to medium purchases), but also are the most trusted dealers you'll find currently among the online metals community.

 

[UKserialkiller]

lol - I have no expertise to offer. Nothing at all wrong going all-in on Eagles. Some folks try to balance between Eagles and bullion pieces. Just curious if you had a strategy. As for profiting greatly, I certainly hope for the many persons who invested heavily when silver dropped out of the forties and into the high twenties a major rebound. But if I had to guess, silver will very likely drop below 12 eventually, maybe below 10 even. I sometimes use Silvertown. Here's a link in case you're interested in comparing their bullion prices. Roughly, bullion will always be about 15% less than Eagles, but still perfect .999% silver just the same.

http://www.silvertowne.com/

If you are just devoted to mint coins I would recommend you take a look a Canada Maple Leafs to make your 20 pound collection a bit more diverse. Very beautiful. Excellent investment.

Not much of a collector. I have a few oldies, but I do have a lot of dimes, silver eagles, and pre-64 quarters.

Man, just wish I could turn that **** into someone elses potential debt. That's what sucks about life. I will never get a professional white collar way of screwing someone out of their hard earned money.

 

[throatpoker]

Metals are going to run up over the next 2-3 years. Either buy physical or add miners to your portfolio now if you've ever considered it. Huge profits will be made. I'm up 430% on one miner since January and it's just the beginning.

 

[Monroe Claxton]

I buy gold and silver on Amazon for $1500/oz and $27/oz respectively with free shipping

 

[Deeeefense]

I buy gold and silver on Amazon for $1500/oz and $27/oz respectively with free shipping

I took a large position on gold a couple of months ago mostly as a hedge, but I prefer to buy the ETF, GLD. The shares are backed by actual gold secured in a London vault. This allows you to stay liquid and add/sell or get in and out of a position quickly. I know some people like physical gold but no way I would want the hassle of dealing with that. By buying or selling the ETF you are always assured if getting the current price.

 

[BBUK_anon]

I just have to laugh...[laughing]

 

[throatpoker]

Gold up $100 in a matter of hours. First time seeing that.

 

[roguemocha]

Honest question...if everything goes to hell, who's going to want your silver and gold?

 

[vhcat70]

The best time to buy was 1970. The worst time is today.

If you were known to own gold in the US in 1970, you could be prosecuted for it & sent to prison. So that's best for you?

 

[vhcat70]

I buy gold and silver on Amazon for $1500/oz and $27/oz respectively with free shipping

Before today, no idea why you'd pay $1500 for something worth <$1300.

 

[vhcat70]

Honest question...if everything goes to hell, who's going to want your silver and gold?

I'm sure anyone would prefer it to paper that used to be money. Just what wealth would be easily transported if you don't like these metals?

 

[vhcat70]

Just what wealth would be easily transported if you don't like these metals?

Perhaps weapons ammunition?

 

[roguemocha]

I'm sure anyone would prefer it to paper that used to be money. Just what wealth would be easily transported if you don't like these metals?

Perhaps weapons ammunition?

Exactly. If society breaks down to where paper money is no good anymore, I'm pretty sure if I or anyone else has food, water, gas, etc and some guy offers me a brick of gold for an ear of corn I'll laugh out loud while pointing at him. I mean, what's a brick of gold going to do?

I'd honestly prefer guns, ammo, water, food and gas as a source of trade than a heavy touching rock. Seriously, someone explain to me why precious metals mean anything if our society breaks down.

I don't know much about it and I'd honestly love to hear an explanation of how investing in gold would work. And if you don't have it personally at your house or on you, what bank or holding company is going to spend money to guard that precious metal they promised they'd hold for you at that point.

 

[Supreme Lord Z]

Invest all of your money in combat training. When you feel as though you could comfortably defeat 10 normal untrained men in hand to hand combat simultaneously, then move onto weapons. Machete, hatchet, double bladed ax, throwing stars, and general hammer use are the ones I recommend for you beginners.

Later, when you can capture a machine gun nest with your bare hands and have learned to flame throw accurately from a moving school bus, then you are ready to begin construction of your remote command center.

 

[roguemocha]

Z, how often do you feel like you really accomplished something right after you hit post? Such a goober.

Seriously though, will someone explain to me how buying metals, especially ones that you don't physically possess is advantageous? Honestly curious.

 

[bluelifer]

Rogue, pal, are you asking for investment tips for the apocalypse?

 

[Supreme Lord Z]

Rogue (pronounced R-u-b-e) gave a sweet job turning tricks for fat bloated tourists in the Keys up for some hustling Denny's waitress that sweet talked him into moving to Tampa. Tampa? Tampa, Florida...

He has a 35% chance of being shot before next weekend but on the bright side the ensuing doses of penicillin will counteract the clap his conniving little harlot just delivered to him on her coffee break.

Pretty elaborate con just to make mom think you're settling down with a nice girl from the Midwest instead of some ginger fruit passing out hummers to white pasty New Yorkers on weekend boating trips. The things we do for love, I guess... duck and cover, sweet pea. Those flack jackets aren't cheap.

 

[Get Buckets]

Rogue (pronounced R-u-b-e) gave a sweet job turning tricks for fat bloated tourists in the Keys up for some hustling Denny's waitress that sweet talked him into moving to Tampa. Tampa? Tampa, Florida...

He has a 35% chance of being shot before next weekend but on the bright side the ensuing doses of penicillin will counteract the clap his conniving little harlot just delivered to him on her coffee break.

Pretty elaborate con just to make mom think you're settling down with a nice girl from the Midwest instead of some ginger fruit passing out hummers to white pasty New Yorkers on weekend boating trips. The things we do for love, I guess... duck and cover, sweet pea. Those flack jackets aren't cheap.

[laughing] Welcome back.

 

[roguemocha]

you totally ruined my day z. But, probably not the best idea for you to be punching up, bub. My quality of life is probably ten fold whatever it is you do to go on long winded internet rants, but hey, you do you. Get that anger out an Internet strangers man, whatever it takes. It's super cool and mature.

And joking about someone being shot is a little much imo buddy, just saying. What's next meeting up in a parking lot to fight? Let's totally do that too.

Bluelifer, I'm not really sure what the whole owning precious metals does for someone. That's why I said, honest question. I don't know anything about it. So my question is that if paper money is worthless how is precious metal you don't physically have help you out at all?

 

[bluelifer]

Bluelifer, I'm not really sure what the whole owning precious metals does for someone. That's why I said, honest question. I don't know anything about it. So my question is that if paper money is worthless how is precious metal you don't physically have help you out at all?

Well, I guess you have a point. If there is some type of global meltdown, or zombie apocalypse, or some other make believe scenario that will never happen, then yes, your gold and silver might turn out to be worthless if you can't get your hands on it.

If I were you, I would find out where these metals are stashed and have a plan in place to retrieve them when the SHTF. You never know when you might have to buy your way out of being an anal sex slave, for example.

 

[roguemocha]

Always good to know the simpletons are still around. It's just unfortunate for me that you all found out about all my secret escapades. Good to know you all enjoy it though even if it's under pseudonyms on the web.

 

[bluelifer]

So you weren't joking when you asked what value gold and silver would have in the event of some type of catastrophic global economic collapse?

 

[roguemocha]

No, I was not. I said I don't know anything about precious metals and I don't know why anyone would care about obtaining them. They aren't actually worth anything except what we choose to accept they are "worth". Same as money to me. I don't know why they would be valuable.

I'm okay not understanding stuff and asking questions about it. That's why I asked the question. Care to enlighten me? As short and simple as possible otherwise I would've looked it up myself already. Might not be a bad idea though.

 

[bluelifer]

You answered your own question. Things are only worth what someone is willing to pay for them. Whether it be an actual gold bar, or a piece of paper representing a gold bar.

That being said, when the global economy collapses and traditional currency no longer exists, you'd be forced to use "other means" to obtain your goods and services.

 

[throatpoker]

Silver's chart keeps showing lower lows and lower highs....until that changes, stay away

The bottom came in December, shortly after which I purchased 7000 shares of CDE @ $2/share. We're now in the early stages of the next bull market.

 

[throatpoker]

US$ rising, so Au price dropping.

Pretty much ever since this post, US$ rising, AU rising

 

[throatpoker]

I'm not sure why Rogue is obsessed with the value of gold under the extreme conditions (ie, total collapse of everything we know). For arguments sake, Nothing will matter at that point. The percentage of people obtaining metals with that scenario in mind is low. Yes there are some like rogue who are in their bunker wearing a tin foil hat, but more do it because they believe it's a hedge/store of value. Maybe they've maxed out 401k, they've maxed IRA. Instead of letting cash sit in the bank and devalue, they buy PM's instead. What is the logic behind this in simple terms? Lets say in 1970 your grandpa stashed away a crisp $100 bill in his sock drawer for a rainy day. Also, he tucked away 2.5 ounces of gold ($100 value then). Today the bill would buy him a single dinner for 2 at Ruth's Chris, the gold, a months worth of dinners for two. Gold holds it's buying power over time, FIAT doesn't.

 

[roguemocha]

Thanks throatpoker.

And the reason I was asking about that scenario is because someone else said something along the lines of if paper money devalues or loses its worth. If that happens (except some kind of switch to 100% electronic funds or something) I would assume it would be some type of worst case scenario happening. I don't know anything about money except how to make it and how to save it.

 

[bluelifer]

A dollar is a dollar, no matter if it's electronic or paper. Due to inflation, that dollar loses value every day and will only be worth $.99 this time next year.

So, the saving that you're doing needs to at least provide you a 1% return on your investment for your dollar to still be a dollar next year. That's why people invest most of their extra $ instead of save. Land and real estate, precious metals, stocks etc.

 

[throatpoker]

And the reason I was asking about that scenario is because someone else said something along the lines of if paper money devalues or loses its worth. If that happens (except some kind of switch to 100% electronic funds or something) I would assume it would be some type of worst case scenario happening. I don't know anything about money except how to make it and how to save it.

I covered devaluation. If there's a total collapse of the dollar. It doesn't exist, but there's still civilization. Then the most likely scenario is that another currency has replaced it. There's no guarantees, but which would you rather bet on to be convertible to this new currency? or to convert at the most favorable ratio to you? Your $ bill that has collapsed/been replaced? or your gold that has held value for the last 2700 years?

Bottom line, you're always going "lose" by skipping to worst case scenario assumptions, but with gold, at least you've placed yourself in the best possible position for the ride there.

 

[vhcat70]

Pretty much ever since this post, US$ rising, AU rising

So if Au now costs more US$, how is US$ rising? Perhaps relative to some other fake paper, but not relative to Au.

 

[throatpoker]

So if Au now costs more US$, how is US$ rising? Perhaps relative to some other fake paper, but not relative to Au.

it's a sign of serious financial stress and uncertainty. happened in 08 and in the 30's as well. rare occurrence.