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Message
re: Anybody Buy Gold and Silver?
Posted on 1/22/14 at 11:52 am to RhodeIslandRed
Posted on 1/22/14 at 11:52 am to RhodeIslandRed
I got the reference but the fact that you would equate the Weimar Republic to current-day America is ludicrous, which is why I said you belong on an episode of Doomsday Preppers. You need me to explain anything else for you?
0
Posted on 1/22/14 at 5:28 pm to OnTheBrink
So, in conclusion, keep buying physical precious metals. 
Posted on 1/22/14 at 5:57 pm to Iowa Golfer
quote:
So, in conclusion, keep buying physical precious metals.
I plan to and also swap some collectible coins for bullion.
This post was edited on 1/22/14 at 5:59 pm
Posted on 1/22/14 at 9:47 pm to RhodeIslandRed
I started buying the silver bars. I hear coins are a good investment because they are currency but I want to research more.
Posted on 1/22/14 at 9:59 pm to Iowa Golfer
quote:If the whole economic system collapses the most important metals to own will be little pieces of lead stuck in the end of small, brass tubes....
So, in conclusion, keep buying physical precious metals.
Posted on 1/22/14 at 10:09 pm to LSURussian
Red - did you buy the coins on Ebay?
Posted on 1/23/14 at 9:35 am to LSURussian
quote:
If the whole economic system collapses the most important metals to own will be little pieces of lead stuck in the end of small, brass tubes....
There is truth to this, but it won't take an entire collapse to make silver more valuable. Gold could be rendered useless. Possible, but not likely. Not so much silver and palladium.
Posted on 1/23/14 at 11:21 am to matthew25
quote:
Red - did you buy the coins on Ebay?
No I did not. I've placed several bids on Ebay and not won a single one. People pay far too high a price on Ebay.
If you are considering this my novice advice would be to find a reputable coin dealer and buy from him.
Posted on 1/23/14 at 2:41 pm to RhodeIslandRed
You can buy silver right now for .89 over spot. Usually when the silver price is depressed, the premiums are higher. Demand is always great for taking possession at lower prices. The .89 over spot is at somewhat of a disconnect as physical demand is up for both industrial and investment purposes now. Likely some dealer got stuck with some bars they need to get rid of.
Posted on 1/23/14 at 3:43 pm to matthew25
quote:
matthew25
It occurred to me that you don't even need a dealer. You can buy them from anyone. The link is to a melt value calculator so you will know exactly what the coins are worth.
It is fun to buy a few and watch what happens with the value. It is sort of like playing blackjack at a casino. But unlike a casino it is highly unlikely if not impossible that you will lose everything.
LINK
Posted on 1/23/14 at 8:09 pm to Iowa Golfer
quote:
Gold could be rendered useless
said no one ever......
Posted on 1/24/14 at 9:27 am to brbowhunter
quote:
said no one ever......
Said many people, including the guy in Omaha once or twice.
Posted on 1/24/14 at 8:01 pm to Iowa Golfer
quote:
Iowa Golfer
Do you think that maybe the guy in Omaha could have a vested interest in keeping the price of gold depressed and the value of the U.S. dollar artificially inflated?
Posted on 1/24/14 at 8:56 pm to RhodeIslandRed
Could you lay out some legitimate fundamental reasons why the dollar is "artificially inflated"?
Posted on 1/24/14 at 9:33 pm to Iowa Golfer
So I'm looking at silver bars on Apmex. Can anyone tell me why there is a difference in spot price for different bars of the same weight?
Posted on 1/25/14 at 9:03 am to RhodeIslandRed
quote:
Do you think that maybe the guy in Omaha could have a vested interest in keeping the price of gold depressed and the value of the U.S. dollar artificially inflated?
Yes. We all do really.
Posted on 1/25/14 at 9:07 am to jmarto1
quote:
So I'm looking at silver bars on Apmex. Can anyone tell me why there is a difference in spot price for different bars of the same weight?
First, I'm assuming you are referring to generic bars.
Many reason. Depends on the quantity you purchase. Depends on the mint/refiner. Depends if it is secondary market. Depends at what price the dealer is in to it for. Depends on how popular the particular items is.
They are basically no different than a retail store.
Posted on 1/25/14 at 2:23 pm to jmarto1
quote:
So I'm looking at silver bars on Apmex. Can anyone tell me why there is a difference in spot price for different bars of the same weight?
different makers charge different prices on their products. simple as that. they have to charge a up fee for the ability to stamp them out.
Posted on 1/25/14 at 6:55 pm to brbowhunter
Makes sense and yes I am looking at generic. I'm just looking to have .999 silver bars in my safe. I don't think I need to care too much about who stamped them. So basically just go for the best deal.
Posted on 1/25/14 at 7:29 pm to jmarto1
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