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Looking for recommendations for sites to buy gold and silver from.

Posted on 10/21/22 at 4:11 pm
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2707 posts
Posted on 10/21/22 at 4:11 pm
I'm located in WA state and looking to start stacking of some sort. Looking for recommendations on ratio's for overall monthly investment, businesses to buy from, and the amount of precious metals (%) people maintain.
Posted by I Love Bama
Alabama
Member since Nov 2007
37733 posts
Posted on 10/21/22 at 4:12 pm to
It's hard to find. Ebay has some options but it goes for over spot price
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
9707 posts
Posted on 10/21/22 at 4:26 pm to
https://www.apmex.com/

Bought from here several times.

The transaction costs of precious metals are high. I bought plantium, palladium, gold and silver starting in 2013.

I'm basically even at this point.

This is basically a disaster hedge. But it's not doing very well in disasters either.
This post was edited on 10/21/22 at 4:41 pm
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2136 posts
Posted on 10/21/22 at 4:39 pm to
I maintain zero %

Had a coworker that bought it from a pawn shop on lunch break. Every few weeks we'd have to stop so he could buy a.bit. He always had to find someone to watch his gold stash while deployed because he was afraid his house would get robbed. Never had to do that with my stock portfolio and index funds and they've out performed metals.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73006 posts
Posted on 10/21/22 at 4:53 pm to
you are better off trading gold futures, buy gold mining stocks or a gold etf than holding physical gold.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2136 posts
Posted on 10/21/22 at 5:35 pm to
An under underperforming asset with high transaction costs and relatively illiquid if you need money fast and it hasn't even outpaced the dollar during this inflationary period. What's not to love?

Do you have a hypothesis or just like holding a physical asset?
This post was edited on 10/21/22 at 5:52 pm
Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
815 posts
Posted on 10/21/22 at 10:05 pm to
A good Local coin shop can’t be beat. APMEX and most bullion sites will kill you on premiums. I bought some from a dealer that posts some damn good deals on his Instagram account, the account name is stephensbestloot. I’ve also bought some 10 oz rounds from silverback precious metals with decent premiums. I own way too much at this point but it’s a weird hobby/investment
Posted by Gabapentin
Member since Mar 2022
347 posts
Posted on 10/21/22 at 11:23 pm to
(no message)
This post was edited on 1/7/23 at 8:06 am
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