Buying precious metals question. | |
Just Passing Through.....
*MOLON LABE* User ID: 80366167 United States 12/15/2021 12:53 PM Report Abusive Post Report Copyright Violation | If I wanted to invest in gold and silver (not the paper bullshit kind), is it better to buy coins or bars? Quoting: KipKat Is it better to buy whole 1 ounce coins/bars or several smaller coins/bars? Is there a ratio between gold and silver that would work best? I don't really have that much to invest, but see it just as a protection against inflation and interest on my savings account is 0%... OP I have a decent amount of gold and silver. I divided my gold and silver into two categories Silver and gold bought for store of wealth and siover and gold bought for possible barter. I have kilo bars of silver and some of gold (not kilos obviously) Those are my store of wealth PM's. The rest is ounce amd half ounce gold coins and even a few quarter ounce ones. You do pay more per ounce the smaller you go. Same for silver but I have a ridiculous amount of maples and eagles. Ultimately its what you like. Chances are there ate others that like it too and when the time comes you'll have no problem cashing in. I was in cryptos for a long time, from 2012 to 2020. I cashed in as soon as my intuition told me too and don't regret it one bit. I converted all cryptos into house additions, solar, and PM's. We're entering a strange tine in history. A time in history where its best to HOLD assets. I know so many people that are papered out with stocks and gold/silver, and shibu inu, and debt and i just shake my head at what theyre about to lose. "She isn't real.....I can't make her real" "Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder" "The World is a business Mr Beale..." "You depend on our protection yet you feed us lies from the tablecloth......" ENFJ |
Anonymous Coward User ID: 74231721 United States 12/15/2021 12:55 PM Report Abusive Post Report Copyright Violation | |
Just Passing Through.....
*MOLON LABE* User ID: 80366167 United States 12/15/2021 12:56 PM Report Abusive Post Report Copyright Violation | I just wrote a beautiful and well thought out post on silver and gold vs other forms of asset and it got fucking censored. What the fuck is censorable with gold and fucking silver. How frustrating. Wasted 10 minutes of my life. This site is getting ridics sometimes. I didn't write anything racist or vulgar. I wrote about gold and silver. Fuuuck "She isn't real.....I can't make her real" "Somewhere between the sacred silence and sleep...Disorder, Disorder, Disorder" "The World is a business Mr Beale..." "You depend on our protection yet you feed us lies from the tablecloth......" ENFJ |
Anonymous Coward User ID: 77394259 United States 12/15/2021 12:58 PM Report Abusive Post Report Copyright Violation | I just wrote a beautiful and well thought out post on silver and gold vs other forms of asset and it got fucking censored. Quoting: Just Passing Through..... What the fuck is censorable with gold and fucking silver. How frustrating. Wasted 10 minutes of my life. This site is getting ridics sometimes. I didn't write anything racist or vulgar. I wrote about gold and silver. Fuuuck Your social credit score is a little low, better send trinity some money and a photo id |
Anonymous Coward User ID: 81538103 United States 12/15/2021 01:02 PM Report Abusive Post Report Copyright Violation | I just wrote a beautiful and well thought out post on silver and gold vs other forms of asset and it got fucking censored. Quoting: Just Passing Through..... What the fuck is censorable with gold and fucking silver. How frustrating. Wasted 10 minutes of my life. This site is getting ridics sometimes. I didn't write anything racist or vulgar. I wrote about gold and silver. Fuuuck Your social credit score is a little low, better send trinity some money and a photo id and SSN. . |
Depluribus Unum
User ID: 80132745 United States 12/15/2021 01:10 PM Report Abusive Post Report Copyright Violation | If I wanted to invest in gold and silver (not the paper bullshit kind), is it better to buy coins or bars? Quoting: KipKat Is it better to buy whole 1 ounce coins/bars or several smaller coins/bars? Is there a ratio between gold and silver that would work best? I don't really have that much to invest, but see it just as a protection against inflation and interest on my savings account is 0%... I buy 1 oz coins. You get a larger bulk discount, and smaller denominations are easier to spend. From many, covfefe |
KipKat
(OP) User ID: 80668400 Netherlands 12/15/2021 01:50 PM Report Abusive Post Report Copyright Violation | I just wrote a beautiful and well thought out post on silver and gold vs other forms of asset and it got fucking censored. Quoting: Just Passing Through..... What the fuck is censorable with gold and fucking silver. How frustrating. Wasted 10 minutes of my life. This site is getting ridics sometimes. I didn't write anything racist or vulgar. I wrote about gold and silver. Fuuuck Thank you for the effort! :kkwapper: |
M R E
User ID: 71630411 United States 12/15/2021 02:10 PM Report Abusive Post Report Copyright Violation | It's best to buy at the bottom. We ain't there yet. Quoting: TerraFirma's Esoterrorist Watch technical charts & analysis from analysts of the broader commodity and equity markets...not gold bug videos. and look for what exactly? a drop, a volatility marker? arent we kinda there? thnx timing any Market correctly is a hard thing to do! i would go with 1 OZ. 24kt Bars or the 1 OZ. 24kt Gold Buffalos. Never spend money you don't have on PM's as you could be sitting on them for some time, always purchase from a reputable Dealer like JM Bullion, Apmex etc. would rather have it & not need it then need it & not have it |
Anonymous Coward User ID: 80917810 12/15/2021 02:12 PM Report Abusive Post Report Copyright Violation | |
Truth be known
Saul Good User ID: 81338981 United States 12/15/2021 02:15 PM Report Abusive Post Report Copyright Violation | If I wanted to invest in gold and silver (not the paper bullshit kind), is it better to buy coins or bars? Quoting: KipKat Is it better to buy whole 1 ounce coins/bars or several smaller coins/bars? Is there a ratio between gold and silver that would work best? I don't really have that much to invest, but see it just as a protection against inflation and interest on my savings account is 0%... OP I have a decent amount of gold and silver. I divided my gold and silver into two categories Silver and gold bought for store of wealth and siover and gold bought for possible barter. I have kilo bars of silver and some of gold (not kilos obviously) Those are my store of wealth PM's. The rest is ounce amd half ounce gold coins and even a few quarter ounce ones. You do pay more per ounce the smaller you go. Same for silver but I have a ridiculous amount of maples and eagles. Ultimately its what you like. Chances are there ate others that like it too and when the time comes you'll have no problem cashing in. I was in cryptos for a long time, from 2012 to 2020. I cashed in as soon as my intuition told me too and don't regret it one bit. I converted all cryptos into house additions, solar, and PM's. We're entering a strange tine in history. A time in history where its best to HOLD assets. I know so many people that are papered out with stocks and gold/silver, and shibu inu, and debt and i just shake my head at what theyre about to lose. Curious if you’re like me. Once I started finding good deals over the years, I still prefer to hold them instead of profit. Was going to do it for a living but I can’t part with any of it. Something about holding it in your hands. There is no nobility in being superior to your fellow man. True nobility lies in being superior to your former self. ~ Ernest Hemingway |
M R E
User ID: 71630411 United States 12/15/2021 02:32 PM Report Abusive Post Report Copyright Violation | If I wanted to invest in gold and silver (not the paper bullshit kind), is it better to buy coins or bars? Quoting: KipKat Is it better to buy whole 1 ounce coins/bars or several smaller coins/bars? Is there a ratio between gold and silver that would work best? I don't really have that much to invest, but see it just as a protection against inflation and interest on my savings account is 0%... Another way to go is to invest in Gold/Silver Miners, most have been beat up pretty bad lately, do your homework and invest in those that pay a dividend, not as good as owning Physical PM's but it's a lot cheaper to invest in, atm i like Barrick Gold. B2 Gold and Yamana are very affordable right now, i sold them both at all-time highs about a year ago but thinking about getting back in?? would rather have it & not need it then need it & not have it |
Anonymous Coward User ID: 4175240 Costa Rica 12/15/2021 02:35 PM Report Abusive Post Report Copyright Violation | |
M R E
User ID: 71630411 United States 12/15/2021 02:37 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73815778 United States 12/15/2021 02:41 PM Report Abusive Post Report Copyright Violation | |
M R E
User ID: 71630411 United States 12/15/2021 02:49 PM Report Abusive Post Report Copyright Violation | |
KipKat
(OP) User ID: 80668400 Netherlands 12/15/2021 04:04 PM Report Abusive Post Report Copyright Violation | Thank you all for the input! Some good suggestions here that I can work with! I will also speak to a local dealer here about these options and have a look at his inventory and prices. I prefer not to make these kind of large purchases online, let alone from another continent. I don't trust the courier/mailman with it :) :kkwapper: |
KipKat
(OP) User ID: 80668400 Netherlands 12/15/2021 04:05 PM Report Abusive Post Report Copyright Violation | |
M R E
User ID: 71630411 United States 12/16/2021 10:40 AM Report Abusive Post Report Copyright Violation | Thank you all for the input! Quoting: KipKat Some good suggestions here that I can work with! I will also speak to a local dealer here about these options and have a look at his inventory and prices. I prefer not to make these kind of large purchases online, let alone from another continent. I don't trust the courier/mailman with it :) I have never (Knock on wood) had any problems ordering online or the delivery but i live rural and my mail lady always brings our packages to the porch. Depending on the amount most online PM Dealers will usually require a signature upon delivery especially for anything over $500, if you are talking thousands of Dollars they will most likely use UPS for delivery. Local coin dealers can be a good source too but shop around if you don't normally deal with them on a regular basis! premiums can also vary from dealer to dealer, it mostly depends on location and overhead, i wouldn't deal with any pawn shops especially if they don't own a Sig or other modern PM testing devices! would rather have it & not need it then need it & not have it |
Digital mix guy
User ID: 81178086 United States 12/27/2021 12:13 AM Report Abusive Post Report Copyright Violation | If I wanted to invest in gold and silver (not the paper bullshit kind), is it better to buy coins or bars? Quoting: KipKat Is it better to buy whole 1 ounce coins/bars or several smaller coins/bars? Is there a ratio between gold and silver that would work best? I don't really have that much to invest, but see it just as a protection against inflation and interest on my savings account is 0%... Have no fear, Spock is here!!! LLAP |
Anonymous Coward User ID: 79044425 United States 12/27/2021 12:33 AM Report Abusive Post Report Copyright Violation | If I wanted to invest in gold and silver (not the paper bullshit kind), is it better to buy coins or bars? Quoting: KipKat Is it better to buy whole 1 ounce coins/bars or several smaller coins/bars? Is there a ratio between gold and silver that would work best? I don't really have that much to invest, but see it just as a protection against inflation and interest on my savings account is 0%... If you are holding physical for SHTF, have fractional coins as well as 1 Oz gold coins cuz if you have to use them for barter, you won't be getting change also fractional coins don't draw attention like a 1 oz coin....have a mix of both... With the exception of junk silver coins, I stick with bullion instead of numismatic coins....bullion doesn't have any value over the metal content unlike numismatic coins that have collector value......an oz is an oz.....American gold and silver eagles have a higher premium than generic bullion, but they are easier to recognize to a lesser degree the canadian maple leafs..... I tend to minimize bars cuz they are not commonly recognized.....I do have Englehard and Johnson Matthey silver bars cuz they do have some recognition.... |