$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals

[Lord of the Large Pants]

Coins produced by an actual mint have a face value and are legal tender.

They also hold their value a bit more and can be sold for a higher price over spot.

If you don't want to invest in silver eagles there are other options.

The British Britannia is cheaper than the Canadian Silver Maple which is cheaper than the South African Kruggerands.

All three are cheaper than the US Silver Eagle.

Thanks, that's helpful. I'll probably look at Silver Eagles initially then. Since I'm going for a relatively small amount and it's more for insurance than for a return, I think I can live with the extra markup.

 

[ShortBusDriver]

Thanks, that's helpful. I'll probably look at Silver Eagles initially then. Since I'm going for a relatively small amount and it's more for insurance than for a return, I think I can live with the extra markup.

If I wasn't clear, the Britannia, Maple and Kruggerands are all official currency as well.

But the Silver Eagles are about $2 more per coin

They're all 1oz of silver

Here are some options:

Silver Coins for Sale - Buy Silver Coins Online from Money Metals®

Money Metals Exchange Offers Silver Coins for Sale at the Lowest Online Price. Buy Silver Coins with Confidence from a Trustworthy Source. Best Silver Prices!

www.moneymetals.com

 

[Lord of the Large Pants]

If I wasn't clear, the Britannia, Maple and Kruggerands are all official currency as well.

But the Silver Eagles are about $2 more per coin

They're all 1oz of silver

Here are some options:

Silver Coins for Sale - Buy Silver Coins Online from Money Metals®

Money Metals Exchange Offers Silver Coins for Sale at the Lowest Online Price. Buy Silver Coins with Confidence from a Trustworthy Source. Best Silver Prices!

www.moneymetals.com

Would American Silver Eagles be a safer bet in... well, America, since they're American currency? Or is it about the same as, say, Kruggerands?

 

[ShortBusDriver]

Would American Silver Eagles be a safer bet in... well, America, since they're American currency? Or is it about the same as, say, Kruggerands?

The face value of a Silver Eagle is $1, so there's no real relation to it and the value of the silver it's made of

The advantage of the Silver Eagle is it's put out by the US government,, the downside is it's almost $2 more per similar coins.

It's up to you, they're well known coins around the world, but I'm not sure if the premium over other countries coins is worth it

 

[Lord of the Large Pants]

The face value of a Silver Eagle is $1, so there's no real relation to it and the value of the silver it's made of

The advantage of the Silver Eagle is it's put out by the US government,, the downside is it's almost $2 more per similar coins.

It's up to you, they're well known coins around the world, but I'm not sure if the premium over other countries coins is worth it

Fair enough. I'll do a little more research, but at the quantity I'm buying an extra $2 each isn't THAT big a deal. Thanks for the info.

 

[Rafal Gan Ganowicz]

It wasn't really tracked back then so most people hid it an claimed ignorance.
Nowadays there's electronic transaction records like credit card purchases, bank records of deposits, vendor records, and so on.
For example, in Canada, vendors are required to maintain and submit gold transaction records upon request by the RCMP like firearm vendors.

Does this apply to silver in Canada too?

Ok gents, not to power level myself here, but silver stacking is a huge hobby of mine and I can talk for hours about it.

Instead of rambling on and on, I going to give all of you the quick and dirty advice to make it caveman level simple for you.

If you are in North America, just buy ASE's (American Silver Eagles) or Canadian Silver Maple Leafs. These are government backed coins, but are also .999 and .9999 (respectively) pure silver. This means virtually no junk metals are in these coins, and normies will trust them because of the government backing.

Any coin store or pawnshop will buy/sell these coins. Just Google these coins to get an idea of what a reasonable premium is, as it goes up and down constantly. DO NOT BUY FROM EBAY.

EBay is full of scammers, and unless you have the correct chemicals and/or magnets, you can't test the purity of any potential metals you buy at some "too good to be true" price.

Reputable (but a little expensive) online dealers include Silvertowne, JMbullion, Apmex, and the Pinehurst Coin Exchange.

If you are in Europe, just go with the Austrian Philharmonic coin...cant speak to the quality (or lack of quality) of online dealers over there though.

DO NOT BUY "German Silver". So called German Silver is not silver that comes from Germany, but is an alloy that is made from copper, nickel, and zinc. Its typically sold to scam you.

Good luck, have fun stacking coins.

Could you please DM me? Questions. Thanks Fren.

 

[Lord of the Large Pants]

Welp, I've done it. I bought my first silver: 20 American Eagles.

May they help keep me greased in the potential coming American shitstorm.

 

[Rafal Gan Ganowicz]

Welp, I've done it. I bought my first silver: 20 American Eagles.

May they help keep me greased in the potential coming American shitstorm.

How much? Whst was the markup? PM me if you wish. I'm making the leap very soon, and would like to find a good supplier/rate. Thanks, Fren

 

[Lord of the Large Pants]

About $522 from JM bullion, although it was all minty fresh 2020 coins on special. I suspect I paid on the high side, but, eh. If I decide to go any deeper than this I'll shop around more.

 

[Rafal Gan Ganowicz]

About $522 from JM bullion, although it was all minty fresh 2020 coins on special. I suspect I paid on the high side, but, eh. If I decide to go any deeper than this I'll shop around more.

Thanks! Do they do bars?

 

[Lord of the Large Pants]

I think they have bars, yeah.

 

[Godzilla1984]

Does this apply to silver in Canada too?


Could you please DM me? Questions. Thanks Fren.

I can't remember off the top of my head and an internet search turned up nothing.
I'm leaning towards yes because the federal government has been clamping down hard the last few years.
Not too long ago they banned mailing precious metals via Canada Post.
Private couriers are still allowed though.

 

[General Tug Boat]

Around the end of April I began putting away some of my unemployment money into metals, and to say I am quite happy with myself at the moment. Been mainly focusing on silver, already made back well over a couple hundred dollars just a couple months into saving. I have quite the nice stack of silver Maples already, I would suggest people look into Maples for a few distinct reasons:

1) Spot prices are very fair compared to other coins, such as Eagles
2) Easy to sell
3) Due to postulate 2, demand is there for these coins at the moment
4) Silver prices have been steadily growing, watching the trends every couple of weeks there is usually a significant bullish run
5) Generally these are beautiful coins
6) .9999 purity just like Eagles and other minted bullion, so if you live in Ontario or in Canada they are not subject to taxes. In the US it is a different story, but in my province bullion is not subject to taxes.

When stacking you have to always consider the aspect of spot, as well as how you can sell or trade your metals. I typically buy in bigger amounts, so anything over a roll is usually the amount in ounces I will buy at once. Greater the amount, more of a fair price you will get on each individual coin. Bars are also a good purchase if you are in it for the long game, and you want to get a shit load of silver if it ever reaches the fabled 2011 numbers again. Coins though are always the best way to go in my opinion, being backed as legal tender by a mint is always good security, especially those of us that are prepared against Trumps Chosen. You always have to look at it as when you are deciding to sell, and how difficult of time you are going to have to sell your shit off. Smaller denominations for a greater amount of potential buyers, especially if it is a time of demand, and especially if it is a universally adopted minted coin. As well, these are the type of investments you want to do over a multi-year period, metals are not a short term quick buy or sell type of option. This type of investment isn't a get rich quick investment, if anything it is the best possible hedge the common man has when the money men play their games. Just some of my findings in the world of metals, have fun friends!

 

[Orange Rhymer]

My reclaims: Once a year I sell my Aluminum and Copper to a local scrapyard. Fucker is a ripoff, but gives me some beer money.

**Not an economist - all my personal opinion - do not take.... yadda yadda, who gives a fuck...**

My opinion on Silver: Don't. There is tons of silver in the Americas and other areas around the word. As soon as the price hits a sweet spot, the mines open and kill the profit. I've seen silver panics and resulting floods. Silver never wins. Compared to holding fiat it's better, but only barely.

My opinion on Gold: Yes. There are several YouTubes on how the world is short on gold, b/c the gold bond markets are oversold. (e.g. if you add up all the promissory notes for gold, and compare them to the amount of ACTUAL gold in holding, the notes are higher by a factor of 2x -3x). So, w/o knowing much - my opinion is: anything that is oversold by a factor of 2x-3x, yet is undervalued compared to fiat is a 'buy'. Banks and nations propegate this dirty business. Gold is pretty fucking rare too.

Just my opinion. Ultimately, you can't eat either.

Lead: Lead will allow you to obtain both, and a lot more. Invest in lead.

 

[Rafal Gan Ganowicz]

Around the end of April I began putting away some of my unemployment money into metals, and to say I am quite happy with myself at the moment. Been mainly focusing on silver, already made back well over a couple hundred dollars just a couple months into saving. I have quite the nice stack of silver Maples already, I would suggest people look into Maples for a few distinct reasons:

1) Spot prices are very fair compared to other coins, such as Eagles
2) Easy to sell
3) Due to postulate 2, demand is there for these coins at the moment
4) Silver prices have been steadily growing, watching the trends every couple of weeks there is usually a significant bullish run
5) Generally these are beautiful coins
6) .9999 purity just like Eagles and other minted bullion, so if you live in Ontario or in Canada they are not subject to taxes. In the US it is a different story, but in my province bullion is not subject to taxes.

When stacking you have to always consider the aspect of spot, as well as how you can sell or trade your metals. I typically buy in bigger amounts, so anything over a roll is usually the amount in ounces I will buy at once. Greater the amount, more of a fair price you will get on each individual coin. Bars are also a good purchase if you are in it for the long game, and you want to get a shit load of silver if it ever reaches the fabled 2011 numbers again. Coins though are always the best way to go in my opinion, being backed as legal tender by a mint is always good security, especially those of us that are prepared against Trumps Chosen. You always have to look at it as when you are deciding to sell, and how difficult of time you are going to have to sell your shit off. Smaller denominations for a greater amount of potential buyers, especially if it is a time of demand, and especially if it is a universally adopted minted coin. As well, these are the type of investments you want to do over a multi-year period, metals are not a short term quick buy or sell type of option. This type of investment isn't a get rich quick investment, if anything it is the best possible hedge the common man has when the money men play their games. Just some of my findings in the world of metals, have fun friends!

Were your purchases recorded by Turdo and Co? Confiscation is a major worry, esp with these commies in power.

 

[Lord of the Large Pants]

I got me some silver!

Spoiler

 

[Pvt. Shitpost]

I got me some silver!

Spoiler

View attachment 1459650

Nice silver man. I recently also acquired some silver eagles although I only got about 10 of them. I do plan on buying more soon though and my goal is to have at least 100 0z with an eventual venture into gold as well. I really wish I would have started this years ago.

 

[Lord of the Large Pants]

Yeah I'm probably not going that deep. I'm looking at buying maybe a couple hundred bucks of junk silver, then I'm going back to my preferred precious metal: Lead.

 

[Coleslaw]

Physical Metals > Paper Metals.
Coins > Bullion > Bars.
Personal Storage > Bank Storage.

The problem is that after the United States decoupled the dollar from physical gold most of the world followed their lead.
Getting anything other than coins from a secondhand dealer is a bitch with a bunch of traceable strings attached in a lot of jurisdictions these days.
Confiscations has happened before, and will happen again.
Truth be told, gold, platinum, palladium are way too much of a hassle in terms of value dissonance and upfront costs for run of the mill investors.
I like silver personally.
Buying a roll of silver coins every once in a while adds up over time, doesn't nuke your wallet, and dodges historical confiscations since it's all GOLD GOLD GOLD when it happens.

Fun Fact:
There are silver coins still in circulation if you know what to look for.
1964 and older for for the US.
1967/1968 and older for Canada.
All over the map for Mexico. See link below.
http://www.coinflation.com/unitedstates/. Archive.
http://www.coinflation.com/canada/. Archive.
http://www.coinflation.com/mexico/. Archive.
http://www.coinflation.com/

Halves 1969 and before are also silver.

 

[Godzilla1984]

Halves 1969 and before are also silver.

True but good luck finding them out in the wild when compared to quarters and dimes.

Something I haven't seen mentioned in this thread: Exchange Traded Fund (ETF).
ETFs are another investment basket, like mutual funds, that is a good thing to look into concurrently with physical metal investments.
I know that we like having our coins and bullion in hand, but a diversified portfolio is a good portfolio.
There are a bunch of precious metal based ETFs out there. They're usually a basket of gold mining stocks and/or bonds as well as the commodity itself.
I have a bunch in Sprott Physical Bullion Trusts.
I skipped on the combined gold and silver one and just got the individual ones along with the combined platinum and palladium one, which I would have gotten the individual components if they were offered.
Depending on your bank or broker, you'll get dinged per transaction, so best do it in large chunks so that the fees don't add up.
I did the gold and silver online through my bank, but I had to phone in the authorization for the platinum and palladium. First world annoyances.
I sank 3K into my Tax Free Savings Account and did ~1K (50 units) Gold, ~1K (100 units) Silver, ~1K (50 units) Platinum and Palladium, and the total $30 fees was paid for in days since the market is being stupid these days. Profits within days is nuts, but I ain't knocking it.

And an update from an earlier post I made.
I've ordered a tube of one ounce silver maple leaf coins and one one ounce gold maple leaf coin from my bank and they went through Canada Post just fine. I finally found the clause I read way back when:
gold bullion, gold dust and non-manufactured precious metals unless mailed under an Agreement between Canada Post and the mailer
So buying and mailing from the bank is A-OK.
The gold coin came in a cute sleeve too.