[Polniy_Sostav]

Let's make this thread more lively again
For those who don't believe in crypto but as investment and/or hobby stack silver or gold or anything else.

My favourite investments coins are Noah's Ark , and collection coins are the korean chiwoo's.
For Gold , a bit too expansive at the moment but I'd always trust a Wiener Philarmonik.

@malone :
as I am not american , I don't know how to handle weapons. in case of such scenario i would feel it and sell my precious metals to buy myself a bunker and enough food stock.

@Adonis :
Could you tell me why fractionals are a good investment ? For silver especially , I dont think these coins are very liquid , how could you realistically sell a big stack of a 1/4 of 20 dollars ?

@Valentine :
No I don't crypto at all. I am turned off by the technical requirements which I don't understand and not so interested in (mining , encryption etc).

@SamuelBRoberts
My apologies but I don't understand your question. You might have been suggesting that the market can be manipulated ?

[Neo]

I like having a small percentage in physical gold and silver. I consider it insurance. They always seem to rise in price when there is uncertainty in the stock market and/or the world.

I prefer silver bars, gold bars, or gold coins. For gold nothing over 1 oz, as I think it would be less liquid when I need to sell, especially if the price skyrockets.

I've heard the arguments for and against physical bullion, but they've stood the test of time as a store of value.

Right now cryptos are hot and we have markets at all time highs. Eventually that cycle will change.

[Jaydublin]

I think these this last year or 2 has been a great time to load up on the metals, especially silver. From my experience it is best to buy in bullion with low premiums national coins(ASE, Phils, Maples) Some of the other high premium numismatics don't carry a good premium unless you sell them out nickel and diming on eBay or locally.

When I first started buying in 2008 I bought all sorts of random stuff, it was a bad idea and I learned that it often didn't sell well. Now my favorites are:

100oz bars
Monster boxes while sales are running

[Tail Gunner]

(01-06-2018 09:36 PM)Jaydublin Wrote:  

I think these this last year or 2 has been a great time to load up on the metals, especially silver. From my experience it is best to buy in bullion with low premiums national coins(ASE, Phils, Maples) Some of the other high premium numismatics don't carry a good premium unless you sell them out nickel and diming on eBay or locally.

When I first started buying in 2008 I bought all sorts of random stuff, it was a bad idea and I learned that it often didn't sell well. Now my favorites are:

100oz bars
Monster boxes while sales are running

Yes, low premiums cut down the cost of purchase. This allows you to buy more silver. Silver and gold are insurance -- and your insurance policy should offer the best available value.

All that buyers will care about during a financial panic or a societal meltdown is getting their hands on some silver, not the beauty of the coin or bar (or lack thereof).

[Polniy_Sostav]

(01-06-2018 10:58 PM)Tail Gunner Wrote:  

(01-06-2018 09:36 PM)Jaydublin Wrote:  

I think these this last year or 2 has been a great time to load up on the metals, especially silver. From my experience it is best to buy in bullion with low premiums national coins(ASE, Phils, Maples) Some of the other high premium numismatics don't carry a good premium unless you sell them out nickel and diming on eBay or locally.

When I first started buying in 2008 I bought all sorts of random stuff, it was a bad idea and I learned that it often didn't sell well. Now my favorites are:

100oz bars
Monster boxes while sales are running

Yes, low premiums cut down the cost of purchase. This allows you to buy more silver. Silver and gold are insurance -- and your insurance policy should offer the best available value.

All that buyers will care about during a financial panic or a societal meltdown is getting their hands on some silver, not the beauty of the coin or bar (or lack thereof).

I agree but in case of the contrary (silver and gold go down , because of x reasons) then you're stuck with your cheap material and "nuimismatic" stuff will be more and more traded and probably at higher price.

that's why actually i will try to do both.

[Tail Gunner]

(01-08-2018 06:04 AM)Polniy_Sostav Wrote:  

(01-06-2018 10:58 PM)Tail Gunner Wrote:  

(01-06-2018 09:36 PM)Jaydublin Wrote:  

I think these this last year or 2 has been a great time to load up on the metals, especially silver. From my experience it is best to buy in bullion with low premiums national coins(ASE, Phils, Maples) Some of the other high premium numismatics don't carry a good premium unless you sell them out nickel and diming on eBay or locally.

When I first started buying in 2008 I bought all sorts of random stuff, it was a bad idea and I learned that it often didn't sell well. Now my favorites are:

100oz bars
Monster boxes while sales are running

Yes, low premiums cut down the cost of purchase. This allows you to buy more silver. Silver and gold are insurance -- and your insurance policy should offer the best available value.

All that buyers will care about during a financial panic or a societal meltdown is getting their hands on some silver, not the beauty of the coin or bar (or lack thereof).

I agree but in case of the contrary (silver and gold go down , because of x reasons) then you're stuck with your cheap material and "nuimismatic" stuff will be more and more traded and probably at higher price.

that's why actually i will try to do both.

That is fine, but realize that you are not buying just insurance. You are buying insurance and an investment. Just like the difference between term life insurance and whole life insurance: term life is cheap efficient life insurance, while whole life is expensive but has cash value.

[Polniy_Sostav]

(01-08-2018 10:38 AM)Tail Gunner Wrote:  

(01-08-2018 06:04 AM)Polniy_Sostav Wrote:  

(01-06-2018 10:58 PM)Tail Gunner Wrote:  

(01-06-2018 09:36 PM)Jaydublin Wrote:  

I think these this last year or 2 has been a great time to load up on the metals, especially silver. From my experience it is best to buy in bullion with low premiums national coins(ASE, Phils, Maples) Some of the other high premium numismatics don't carry a good premium unless you sell them out nickel and diming on eBay or locally.

When I first started buying in 2008 I bought all sorts of random stuff, it was a bad idea and I learned that it often didn't sell well. Now my favorites are:

100oz bars
Monster boxes while sales are running

Yes, low premiums cut down the cost of purchase. This allows you to buy more silver. Silver and gold are insurance -- and your insurance policy should offer the best available value.

All that buyers will care about during a financial panic or a societal meltdown is getting their hands on some silver, not the beauty of the coin or bar (or lack thereof).

I agree but in case of the contrary (silver and gold go down , because of x reasons) then you're stuck with your cheap material and "nuimismatic" stuff will be more and more traded and probably at higher price.

that's why actually i will try to do both.

That is fine, but realize that you are not buying just insurance. You are buying insurance and an investment. Just like the difference between term life insurance and whole life insurance: term life is cheap efficient life insurance, while whole life is expensive but has cash value.

I understand the difference between the two. I think that somehow the market is manipulated and we can't just plan on the silver market to go up.
Silver is so cheap that you have a decent amount of stackers who also collect besides stacking cheap material. This is just to fight the boredom. Not everyone can have the appropriate mindset of having strictly the cheapest material. A good investor needs a cold brain.

When it goes to gold , I get the cheapest possible to pay the less premium , even though in case of panic some more expansive coins can have a bigger value. But I believe that gold has proven throughout the years to be a safe insurance.

I treat silver as 50% collectible items for speculation and 50% as insurance metal. The goal on long term is to have only gold.
I have also realised that buying precious metals prevent me from buying other stupid stuff and act as if i had a smaller wage , hence forcing me to manage my finances even better (my fiat money).
I know that in one weekend buying an airplane ticket i can sell the whole at 90-95% of its value at dealers, that is my worst-case scenario. And on long term , even if I lose a bit doing this , it would be better than carelessly accumulating fiat , which can lose its value every now and then without any warning. That is my humble personal experience.

[Tail Gunner]

There have been two major developments in the price of gold in the past month or so:

1) Death Cross

2) New lower low

And when I say major, I mean major. This might mean a new bear market and a new buying opportunity, if the price of gold should close below $ 1,238.

These two developments are explained in this video.

[ilostabet]

started stacking up when I was 19 as I got deeply into studying monetary theory and history.

every quarter, give or take, I buy more. more than half my savings are in precious metals (mostly gold). I keep a few silver pieces and even fewer gold pieces close by. most of it is buried in strategic places only I know about. and yes, I don't take my cellphone when I go out to bury it so it can't be traced. [insert tinfoil hat joke here].

I'm not interested in it for the investment - although saving is always investment, but what I mean is I do not intend to sell it later for a higher price to get paper notes back in short-medium term. I may convert back if I have to, but it's not my plan - honestly, I hope I can just leave it to my kids as is (if they deserve it).

most people think I'm nuts. we'll see.

[Payback]

I used to buy silver, when it was in the upper teens to high 20s. This was a few years ago. Probably have a couple hundred ounces mostly in 1-ounce rounds. For a while I thought it was cool, then realized unless you’re a millionaire and want pm’s as a store of wealth, it’s pointless unless you’re just doing it as a hobby. Better to put that money into a business or real estate.

Anything is possible, but my bet is that the US dollar will be around a long while after we’re all gone.

Warren Buffett is pretty contemptuous of gold, and I tend to agree.

[Tail Gunner]

(08-23-2018 09:48 AM)Payback Wrote:  

Anything is possible, but my bet is that the US dollar will be around a long while after we’re all gone.

Warren Buffett is pretty contemptuous of gold, and I tend to agree.

Of course the U.S. dollar will be around a long while after we are all gone. That is not the issue. The issue is whether it will remain the world's reserve currency. It will not. Just look at the history of other reserve currencies. They die, just like people die.

The U.S. keeps shooting itself in the foot, both with massive debt and with ruining its international relations with other nations. Non-Western countries, such as Russia and China, are not stupid. They see what is going on with Western cultural and fiscal bankruptcy, even if the average individual in the West does not. This will keep happening:

   

Warren Buffet is a genius regarding what he is good at (i.e., investing in undervalued stocks). He is a fool in most other areas, e.g., gold and politics.

Gold and silver represent insurance, pure and simple. So, everyone should own some, just as they should own automobile and homeowner's insurance.

[gework]

I used to have several hundred ounces with BullionVault, but having lost about 40-50% cashed out in about Sep-Oct last year and turned those heroic losses into 30X gains in the crypto ponzi.

I have a few silver bars at home, but my take is similar to Buffett's, that gold is non-productive. If people take the economic value and put it into gold, that's economic value that is going out of circulation. In the case of the poster above it's going back into the ground.

But right now pretty much everything is overvalued and the things that are undervalued like grains, if you buy them, who knows who many years you need to wait until they going into a secular bull cycle.

My take on speculation is that you want to get in on whatever is the next hottest pozi (crypto) or real economic trend (Amazon). But that's difficult for casual investors.

At some point gold will go into secular bull, but there is no telling when it may be. Buying gold now means potentially no action and losses for years. For this reason I'm more interested in gold stock, as it's probably the most secure way to get exposure and also the highest gains.

Right now Barrick Gold is heading back down through $10 a share. In summer 2015 it hit lows of almost $6, which it hadn't seen since about 1989 and then went up 500% in about 2 years. If it goes back down towards $6 I will buy. Right now I'm not interested.

My other take on PMs is regarding their doomsday prepper appeal. If that is your angle, I would instead invest in water storage, storable foods etc.

PMs are pretty useless. If you can make money on them, great, but there is no fundamental economic reason gold should go parabolic. When it does go parabolic it will just be the same sort of greed bubble we just saw pop in crypto. Gold bugs like to bash crypto for the baseless bubble, but their lives are centered around promoting the same for bit of metal you have to pay to keep locked up.

[BIGINJAPAN]

I have been buying gold and silver for years and i have posted in this forum a long time ago. I would say the best way to buy gold, silver and platinum right now is http://www.goldmoney.com

easiest way to buy. Easiest way to use it as real money as well. I have the credit cards that go with it. YOu can even use crypto i guess to buy gold and silver. PLus it is all allocated. I think everyone should check it out.

Tell them BIGINJAPAN sent you

[Tail Gunner]

(08-23-2018 03:34 PM)BIGINJAPAN Wrote:  

I have been buying gold and silver for years and i have posted in this forum a long time ago. I would say the best way to buy gold, silver and platinum right now is http://www.goldmoney.com

easiest way to buy. Easiest way to use it as real money as well. I have the credit cards that go with it. YOu can even use crypto i guess to buy gold and silver. PLus it is all allocated. I think everyone should check it out.

Tell them BIGINJAPAN sent you

I closed my GoldMoney and GoldBullion accounts years ago when FATCA made their accounts reportable (for Americans). Now, I only hold precious metals that are fully segregable in lawfully non-reportable private non-bank vaults. Privacy can be a pain, and can be more expensive, but if you devote a modest portion of your wealth to PMs as insurance (as I continue to stress) then why have anyone know about it, including Big Brother.

[selfreliantman]

(08-23-2018 03:34 PM)BIGINJAPAN Wrote:  

I have been buying gold and silver for years and i have posted in this forum a long time ago. I would say the best way to buy gold, silver and platinum right now is http://www.goldmoney.com

easiest way to buy. Easiest way to use it as real money as well. I have the credit cards that go with it. YOu can even use crypto i guess to buy gold and silver. PLus it is all allocated. I think everyone should check it out.

Tell them BIGINJAPAN sent you

I use goldmoney as well, it is a 'foreign' (canada) account so make sure anyone US based that opens an account there files their FBAR.

I hold some physical on-hand as well, but put most into goldmoney. I'ts nice to have some moveable 'cash' in a foreign account

[Polniy_Sostav]

I will try to accumulate fiat this year , and actually the next 3 years. It looks like the USD is keeping strong , so i will stick to maximum 1 oz coin a year if i manage to save enough for that. Silver stacking will wait.
I agree with one guy above , unless you already have a lot of things , i 'd say investing a lot in silver or gold is not so clever. For a bit of safety/survival insurance , then it 's clever.

[Arado]

Bumping this thread - so bullionvault isn't a scam, right? From the website and reviews online, it doesn't seem too expensive, and much more dependable than the paper PM assets out there in case of a real SHTF scenario.

[Jaydublin]

Be careful storing your bullion in one of these vaults. A few years ago I had a sizable amount held at a company called BullionDirect. Some laws changed in regards to reporting financial assets(I don't remember the details). They asked that everyone withdraw their metals. I did but I tried to fight it as I had nowhere to put them.

Luckily I did because they went bust and apparently there was not enough metals to cover everyone.

https://coinweek.com/bullion-report/bull...lly-empty/

There was a dealer called Tulving that also either declared bankruptcy or ran off with some money. I don't remember the details.

[Tail Gunner]

(09-18-2018 11:47 AM)Jaydublin Wrote:  

Be careful storing your bullion in one of these vaults. A few years ago I had a sizable amount held at a company called BullionDirect. Some laws changed in regards to reporting financial assets(I don't remember the details). They asked that everyone withdraw their metals. I did but I tried to fight it as I had nowhere to put them.

Luckily I did because they went bust and apparently there was not enough metals to cover everyone.

https://coinweek.com/bullion-report/bull...lly-empty/

There was a dealer called Tulving that also either declared bankruptcy or ran off with some money. I don't remember the details.

You definitely need to do your due diligence. I met an elderly gentleman a few years ago who lost $500,000 when a PM dealer (who also stored PMs on behalf of clients) went bust. The best way (all things considered) is to store your PMs in an independently owned vault (not a bank or a dealer) where you have sole title to the PMs and, if the vault company ever goes bankrupt, its creditors have no right to what is stored in the vault. The vault should also be located in country with a strong rule of law that is not subject to conquest and has a strong incentive to protect its financial system for the health of its economy. Only a few countries really qualify (e.g., Switzerland, Lichtenstein, the Cayman Islands, and maybe Singapore).

Of course, if you only hold a small amount of PMs or you diversify your holdings among a few countries, then you have far more options.

[duedue]

Can you legally take a few ounces of gold with you out of the US or are there any tariffs? Maybe one has to declare it at customs like if you have more than $10K.

Also is there any correlation between interest rates and the price of gold? (Naively thinking that higher interest rates mean cash devalues faster, against gold for example.)

[Bikal]

I own physical gold, art, diamonds and wine, the house a has a large room set aside to house all four together, with the largest section of the room being for the wine and a smaller section for gold, annoyingly the section for gold cost more than I've made on the gold but nothing beats having such a collection, especially when it comes to bringing a girl home... Do you want to see my collection of art, diamonds, gold and wine?

[Polniy_Sostav]

I thought about a way to speculate on this. You can instantly become Jewish doing this . Find someone who is desperate to sell and needs money in emergency . Someone having a few rolls or a monster box . Buy it for 80% of its value. Then sell it straight away below spot price (5%) claiming that you need fast money . ( Unless you can of.course assume the buy and don't want to speculate ; just to be on the value).. would there be enough liquidity to do this ? Because I see some issues :
1) not everyone ready to pay in cash or get paid in cash
2) you need to meet the person physically and close t your home to avoid post office/shipping fees


Has anyone ever tested this ?

[Jaydublin]

Anybody looking at buying in? I think the time has come. Gold is moving up in all curriencies. Silver is lagging but it often lags until it explodes.

[deerhunter]

(01-02-2019 10:01 AM)Bikal Wrote:  

I own physical gold, art, diamonds and wine, the house a has a large room set aside to house all four together, with the largest section of the room being for the wine and a smaller section for gold, annoyingly the section for gold cost more than I've made on the gold but nothing beats having such a collection, especially when it comes to bringing a girl home... Do you want to see my collection of art, diamonds, gold and wine?

Showing your stash of valuables to girls you bring home is risky. The brother of a family friend did this, older rich guy. She told a couple of thugs and they broke into his house and made him open up his safe. Tied him up and duct taped his mouth. Apparently he couldn't breathe through his nose properly and died.

[Rhyme or Reason]

(01-02-2019 10:01 AM)Bikal Wrote:  

when it comes to bringing a girl home... Do you want to see my collection of art, diamonds, gold and wine?

This is beyond stupid.