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Silver/Gold options?
Posted on 8/26/24 at 10:10 pm
Posted on 8/26/24 at 10:10 pm
I’ve never really followed the silver/ gold investment before. I’m not one to purchase for bartering in a rough time even though it might be useful. But for long term growth it may be worthwhile.
If one were to start small and invest. Which silver/ gold would be worthwhile? Coins/ bars? Which year and type of bars? Circulated or not? Grams/ or OZ?
TIA
If one were to start small and invest. Which silver/ gold would be worthwhile? Coins/ bars? Which year and type of bars? Circulated or not? Grams/ or OZ?
TIA
4
Posted on 8/27/24 at 6:34 am to DUKE87
quote:
for bartering in a rough time even though it might be useful.
That’s not what precious metals are for. They are hedges against the debasement of a fiat currency.
Posted on 8/27/24 at 7:42 am to SloaneRanger
This is a reason why I reached out for opinions/ guidance. People I’m speaking with think it would be used for the wrong reasons.
Posted on 8/27/24 at 7:53 am to DUKE87
quote:
If one were to start small and invest
Seems like gold or silver ETFs would be the way to go
Posted on 8/27/24 at 1:49 pm to DUKE87
quote:You don't buy gold/silver for long term growth. It is a hedge against currency debasement IMO, not growth/performance.
But for long term growth it may be worthwhile.
Posted on 8/27/24 at 2:25 pm to TigerTatorTots
Thank you. I am clearly not well versed in this subject.
After further research from your responses it is clear now.
After further research from your responses it is clear now.
Posted on 8/28/24 at 6:00 pm to DUKE87
If you shop at Costco, they sell gold and silver. No extra charges if you charge it on visa card.
Posted on 9/1/24 at 11:54 am to texas tortilla
You have to keep checking periodically since Costco runs out quickly on the gold and silver.
My brother and i have picked up a gold bar, 2 gold coins and 2 20 pks of silver coins.
Need to read fine print. Can purchase up to quantity of 5 for that item #. We purchased 2 gold coins then wanted to do more but couldn't for that lot.
Lesson learned. No cost for putting on a credit card is nice. Go to other places the price per coin is much higher.
My brother and i have picked up a gold bar, 2 gold coins and 2 20 pks of silver coins.
Need to read fine print. Can purchase up to quantity of 5 for that item #. We purchased 2 gold coins then wanted to do more but couldn't for that lot.
Lesson learned. No cost for putting on a credit card is nice. Go to other places the price per coin is much higher.
Posted on 9/1/24 at 3:56 pm to TigerDoug
Correct …. if you want to purchase with a credit card, the two best options are generally Costco, and Apmex on eBay
Costco has purchase limits and a limited selection, but it’s a particularly good choice when starting out
Costco has purchase limits and a limited selection, but it’s a particularly good choice when starting out
Posted on 9/2/24 at 5:25 am to FormerPokeCenter
From a practical aspect, if everything devolves, will having large amounts of gold bars help?
Buy a silver ETF. Silver has many industrial uses.
Buy a silver ETF. Silver has many industrial uses.
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