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Started By
Message
Looking for recommendations for sites to buy gold and silver from.
Posted on 10/21/22 at 4:11 pm
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.
7
Posted on 10/21/22 at 4:12 pm to oneg8rh8r
It's hard to find. Ebay has some options but it goes for over spot price
Posted on 10/21/22 at 4:26 pm to oneg8rh8r
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.
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 on 10/21/22 at 4:39 pm to oneg8rh8r
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.
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 on 10/21/22 at 4:43 pm to TorchtheFlyingTiger
quote:
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.
I imagine the markup on pawn shop metals is very high. The site I linked has things that aren't far from spot price. Relatively speaking.
I also keep mine in a safety deposit.
Posted on 10/21/22 at 4:53 pm to oneg8rh8r
you are better off trading gold futures, buy gold mining stocks or a gold etf than holding physical gold.
Posted on 10/21/22 at 5:35 pm to oneg8rh8r
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?
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 on 10/21/22 at 7:02 pm to TorchtheFlyingTiger
quote:
Do you have a hypothesis or just like holding a physical asset?
For me it is nonsensical
After the crash I am going to trade for goods and services with silver rounds
Why silver will have value after the event I don't know
I am not investing material amount bc I know it's a waste
Posted on 10/21/22 at 9:40 pm to thelawnwranglers
I buy lead
Posted on 10/21/22 at 10:05 pm to oneg8rh8r
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 on 10/21/22 at 11:23 pm to oneg8rh8r
(no message)
This post was edited on 1/7/23 at 8:06 am
Posted on 10/22/22 at 11:40 am to Gabapentin
My intention isn't to have it as an investment, more of a hedge for sure against what I think is a worthless dollar.
I do hold a lot of lead!
But in all of my research, the value difference between gold and silver doesn't make a lot of sense to me. Based on the values, you would think that silver is way more abundant, to a ratio near 100:1; that simply isn't true. The ratio is more like 8.5:1 (~ Silver spot $185), Silver has WAY more real-world applications, second only to oil.
I do hold a lot of lead!
But in all of my research, the value difference between gold and silver doesn't make a lot of sense to me. Based on the values, you would think that silver is way more abundant, to a ratio near 100:1; that simply isn't true. The ratio is more like 8.5:1 (~ Silver spot $185), Silver has WAY more real-world applications, second only to oil.
Posted on 10/22/22 at 12:01 pm to oneg8rh8r
quote:
more of a hedge for sure against what I think is a worthless dollar.
why do you think the dollar is worthless?
are you unable to use it anymore?
what currency do you think is more valuable?
Posted on 10/22/22 at 12:41 pm to oneg8rh8r
quote:
Silver has WAY more real-world applications
This is part of the reason why I’d guess it was down. As you approach a recessionary environment commodity consumption should decrease thus decreasing price as well.
Posted on 10/22/22 at 2:26 pm to Decisions
quote:
why do you think the dollar is worthless?
I think our very close-minded, and ignorant politicians don't have a clue as to what their current world wide actions they are making to benefit their own pockets are going to wind up doing to the dollar down range.
The world is getting fed up with producing goods for the dollar we all we do is simply kept printing more, so effectively having the world working for free to produce goods for us. That could turn on a dime, when enough countries get fed up and simply shift to a different standard. Our antics with Saudi Arabi could be that catalyst. Overnight, your dollar wouldn't be worth the paper it is printed on. Wouldn't matter if you had 1 or 10M.
Posted on 10/22/22 at 6:54 pm to Strannix
quote:
buy lead
NJ I have to get a freaking license
Posted on 10/23/22 at 7:42 pm to Grievous Angel
Biggest scam going. Silver is Worth 60% less than 12+ yr old highs. Not wealth preservation and Not a hedge against inflation. Worthless shite that takes up space.
Posted on 10/24/22 at 6:56 pm to Grievous Angel
Apmex is okay. SD Bullion and JM Bullion usually have better pricing and are closer to spot. I usually go with SD bullion, but keep a look out for sales and stuff they have deals on. Especially if you aren't looking for anything specific.
That said, I really wouldn't go deep with stacking gold or silver as an investment. I buy a few things a year, really just as a hobby. I like having some gold coins around and maybe they might be a hedge against a large scale economic failure, but that's doubtful.
That said, I really wouldn't go deep with stacking gold or silver as an investment. I buy a few things a year, really just as a hobby. I like having some gold coins around and maybe they might be a hedge against a large scale economic failure, but that's doubtful.
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