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

[Stoneheart]

I've been hearing for a good two years now that Silver is supposed to jump in price but so far it seems it hasn't. Anyone know whether or not this is some urban legend bullshit like 20 Years To Fusion or if there are real reason this is gonna occur?

Silver and gold are normaly in a relation. but thats broken right now and silver is way to cheap compared to gold.

 

[silverngold]

I'm missing one ingredient to make the aqua regia. I have the hydrochloric acid, but I still need the nitric acid. The problem is that stuff is tough to get ahold of and buying too much of it is sure to get you on some kind of list.

Plus it's highly recommended that you buy a vent hood as the fumes are highly toxic (which isn't cheap) and you'll need a shit ton of baking soda once you're done to neutralize the mixture in order to dispose of it safely.

What you up with after processing the parts multiple times is 99.999% pure gold dust, which you then need to melt into a brick of some kind. A long process and I've yet to gather all the materials to do it.

I may some day soon though as I won't have much better to do and a lot of free time with this virus shit.

If you make videos with the stuff like Nile Red then you would have a good, plausible story as to why you own these chemicals. Its completely legal and legitimate to own industrial chemicals for experimentation and education/entertainment purposes.

Of course from there you would need to figure out what videos you’re going to make that won’t put it out in the open you’re a gold hoarder. As for the fume hood, I can’t really help you there. A well ventilated room and facemask may be enough to protect you, but its still an inherent risk.

It certainly is an investment and will take time, but as I see it, extracting gold is not meant for direct, short-term profit. Saving gold is for either retirement or when the world goes to hell like it's headed now. It could very well take a decade or longer to accumulate all the supplies and equipment, as well as securing a cheap supply chain for electronic scraps, or less likely, jewelry. However, this is all made worth it when your finances are secure and everyone else are plastering barrels of money to the wall for the winter.

I think Mr. Himmler had a good point in that if you have a plausible backstory, you could potentially gather all of the necessary equipment quite easily. An ideal scenario would be a career in chemistry or another related science, essentially, to be a scientist. Rarely are scientists questioned for their wacky experiments, given they aren't building bombs haha.

Silver and gold are normaly in a relation. but thats broken right now and silver is way to cheap compared to gold.

Why do you think this is?

 

[AnOminous]

I think Mr. Himmler had a good point in that if you have a plausible backstory, you could potentially gather all of the necessary equipment quite easily. An ideal scenario would be a career in chemistry or another related science, essentially, to be a scientist. Rarely are scientists questioned for their wacky experiments, given they aren't building bombs haha.

Isn't just extracting gold from old electronics components completely legal? Why would you need a cover story for it?

 

[byuu]

What you up with after processing the parts multiple times is 99.999% pure gold dust, which you then need to melt into a brick of some kind.

If it's already dissolved in acid you could easily use it to electroplate cheap copper jewelery and sell the gilded product for a huge mark-up.

 

[Un Platano]

Isn't just extracting gold from old electronics components completely legal? Why would you need a cover story for it?

One of the problems with it is that authorities will assume if you're doing this stuff with toxic chemicals and no accountability that you're not handling them properly. They're going to think you're dumping all of your toxic waste down the toilet or the street drains, because that's exactly what a lot of people doing backyard industrial reactions do and it's very illegal. Even if you're not doing that, you'll still put yourself and your local government through the hassle of investigating it.

 

[silverngold]

Isn't just extracting gold from old electronics components completely legal? Why would you need a cover story for it?

One of the problems with it is that authorities will assume if you're doing this stuff with toxic chemicals and no accountability that you're not handling them properly. They're going to think you're dumping all of your toxic waste down the toilet or the street drains, because that's exactly what a lot of people doing backyard industrial reactions do and it's very illegal. Even if you're not doing that, you'll still put yourself and your local government through the hassle of investigating it.

The point, for me and some others at least, is to stock up on gold without the government knowing. The US government has confiscated gold stocks before, it's best to have a stock completely invisible to any authority. What Un Platano says is right, however, you don't want to paint yourself as a suspect for something nefarious either, as you would then have to disclose your gold extraction operation, defeating the point. Gold extraction from electronic waste and jewelry is just one means of obtaining gold without a trail, the other being pawn shops.

 

[Un Platano]

you'll need a shit ton of baking soda once you're done to neutralize the mixture in order to dispose of it safely

If you need to do this on the cheap and your local geology permits, you can do this with calcite. I know someone who had a bunch of HCl he needed to neutralize and his solution was that he found a big marble boulder from a road cut and used that. It's safe and completely free. Of course, that all depends on you being able to find some, which can vary from easy to impossible depending on what kind of rocks are in your area.

 

[Sped Xing]

Taxes.

The best investments are things that will naturally appreciate over time and cannot be traced by the government, fortunately gold is a good way to go if you obtain it correctly, same with crypto.

The tax on my farmland is about 3 dollars per acre per year. Last year, my revenue per acre was just under 650 dollars, and costs about 150. Considering I paid 4300 an acre, that's a healthy 11 percent ROI. Granted, I work the land myself in my spare time. It's not really an investment so much as a side business. I'm just saying, it's only a money pit if you're a dumb fucking hobby farmer who doesn't read.

Sure, they COULD raise taxes massively, but then food would become massively more expensive which would fuck the price of unskilled labor into the stratosphere.

So if you want to buy land just to lease out, as long as you're careful about to whom you lease, it will retain value and provide small, reliable ish returns.


EDIT: Now, granted, this is only true if you understand it, just as with any investment. Lots of dumbfucks like to buy up anything with dirt, tell themselves "hyuk, they ain't making more land" and lose their shirt.

 

[Mr Himmler]

The tax on my farmland is about 3 dollars per acre per year. Last year, my revenue per acre was just under 650 dollars, and costs about 150. Considering I paid 4300 an acre, that's a healthy 11 percent ROI. Granted, I work the land myself in my spare time. It's not really an investment so much as a side business. I'm just saying, it's only a money pit if you're a dumb fucking hobby farmer who doesn't read.

Sure, they COULD raise taxes massively, but then food would become massively more expensive which would fuck the price of unskilled labor into the stratosphere.

So if you want to buy land just to lease out, as long as you're careful about to whom you lease, it will retain value and provide small, reliable ish returns.


EDIT: Now, granted, this is only true if you understand it, just as with any investment. Lots of dumbfucks like to buy up anything with dirt, tell themselves "hyuk, they ain't making more land" and lose their shirt.

I was more referring to real estate than farmland, a lot of profit can be made from lucky investments in the cities. A property worth a few hundred thousand might be worth hundreds of millions a decade down the line, if you’re lucky. In the cities is where the taxes get high, even in shitholes like detroit. I think property tax is a fucking sin but whatever.

You’re definitely right about farmland, it’s something I’ve wanted to invest in for a long time, I just don’t have the time or money to put aside right now and given corona that will only make it harder for everyone. Bring back homesteading and the wild west, yee haw.

 

[Sped Xing]

Oh, yeah. People don't stop to consider that the house that was worth 10k and is now worth 250k is the twin of a 250k house now worth 10k.

Anyway, I would get fucked hard if I just set out with "hmmm today I will buy gold," because I don't know shit about metals, same as city slickers with a vague notion that cows eat plants should really take some time to investigate before buying 100 acres of mesquite and pokeweed.

EDIT: Hey so back on topic, I have a bunch of chinese silver coins that I bought in Hong Kong because I thought they were nifty. What I'm getting, to my surprise, is that's a better investment than certificates for the equivalent amount of silver?

 

[Syaoran Li]

Been thinking of investing in precious metals, mainly silver and starting while I am still relatively young.

I'm going with silver because it's got a lower cost of entry compared to gold and from the looks of it, it's both far easier to stockpile and far less likely to attract government attention or be subject to confiscation than gold.

If I can get some gold for a good price like being able to get jewelry from an estate sale or buying at a pawn shop if I've got enough extra cash to burn, I will do that as well.

 

[Rabidcolombian]

I'm going with silver because it's got a lower cost of entry compared to gold and from the looks of it, it's both far easier to stockpile and far less likely to attract government attention or be subject to confiscation than gold.

I'm wondering how possible gold confiscation would be when inherited.

I watched Styx's video today about government crypto currency coming in the future and it is terrifying. If the future is unconditionally fucked (which it will be) getting gold now and giving it to my loved ones down the line is the least I can do for not doing shit to stop it.

 

[The best and greatest]

The tax on my farmland is about 3 dollars per acre per year. Last year, my revenue per acre was just under 650 dollars, and costs about 150. Considering I paid 4300 an acre, that's a healthy 11 percent ROI. Granted, I work the land myself in my spare time. It's not really an investment so much as a side business. I'm just saying, it's only a money pit if you're a dumb fucking hobby farmer who doesn't read.

Sure, they COULD raise taxes massively, but then food would become massively more expensive which would fuck the price of unskilled labor into the stratosphere.

So if you want to buy land just to lease out, as long as you're careful about to whom you lease, it will retain value and provide small, reliable ish returns.


EDIT: Now, granted, this is only true if you understand it, just as with any investment. Lots of dumbfucks like to buy up anything with dirt, tell themselves "hyuk, they ain't making more land" and lose their shirt.

Even marginal land can be made useful though its just a matter of putting in the effort/investment.

Supposedly they grow crops in the inner-deserts at Egypt. They just truck in dirt and pipe in water to make it arable. I dunno I think there's some merit to any land being potentially useful. But then I don't own property so what do I know?

 

[Sped Xing]

Trucking in soil and irrigating through pipelines is nuts but Egypt has a huge population to feed on very little land so I can see how that would work for them. Most arid land in the US is used by extensive runinant range grazing operations, and is laughably unsuitable to grain farming.

But at any rate I think if you're buying land far from the city, you can probably make it pay, if you get enough, even in the desert, since desert land is insanely cheap in addition to barely productive.

A million dollars for what amounts to a spacious two bedroom split level is nuts. All it takes is a bad local economy to eat away most of that value. This is my point about real estate only being a low risk invesment sometimes.

"Not making more land?" I wonder what the town fathers of Detroit would have to say about that.

 

[Dog-O-Tron 5000v5.0]

Now that I'm in a decent position with 401k and a few stocks I play with, I dipped into metals. Got some junk silver in bulk, some of which after hours of sorting was decent enough to replace some pieces of my grandfather's coin collection, which he had made up by sorting pocket change years ago. Basically I categorize my coins into two baskets-an actual coin collection, and a "prepper hoard."

With my junk, I have gained a bit on value in the past few months though I have a ways to go to make up the spot. Still, each Merc dime is technically worth about $5 numanistically, and if prices go up enough that I could get some sold above the silver content (much less than $5 now) I would unload a bunch and get more junk as well as some actual nice pieces to keep swapping out the low hanging fruit in the collection.

When the Trumpbux came in I had nothing pressing to do with them. so I bought a few tiny gold coins. I've already made back the spot on those.

Besides my actual collection, I like the junk and the gold because I can chuck them in a hiding place (easy in an old house) and if SHTF to a level of hyperinflation but not quite Mad Max I have some value if it takes a wheelbarrow of cash to buy a loaf of bread. Right now a US silver dime is worth over a dollar and my gold coins a bit under a hundred. Could be useful. I keep 20 of the most worn dimes and a gold coin in my work bag--if we had a 9/11 again and I was away from home and needed an alternative to cash/credit, that's $100 I might be able to throw at a cab driver or mom and pop grocery in recognizable legal tender. To me it's a "set it and forget it" thing along with physical cash at home, cash in my bank accounts, etc. Don't think I'd buy more, but I might look for more collectable stuff.

I've bought from Apmex and Golden Eagle and looked at a couple other places, and I found Golden Eagle had the best prices especially if you gotta deliver to a PO box. I'm not leaving that shit on my porch! Tneir purchasing options were better too.

In my "play around stocks" I have a gold miner as a hedge and it's doing gangbusters compared to when I bought it a few years back,

 

[Exterminate Leftists]

If you make videos with the stuff like Nile Red then you would have a good, plausible story as to why you own these chemicals. Its completely legal and legitimate to own industrial chemicals for experimentation and education/entertainment purposes.

Of course from there you would need to figure out what videos you’re going to make that won’t put it out in the open you’re a gold hoarder. As for the fume hood, I can’t really help you there. A well ventilated room and facemask may be enough to protect you, but its still an inherent risk.

Bro you are talking about hydrochloric acid fumes.

Put the ceiling fan on too.

 

[BillionBisonBucks]

I got a 1/10oz American Gold Eagle as my first buy at $200

You got fucking rooked.

 

[Distant Stare]

If anyone is interested in purchasing gold or silver by the ounce contact me. Payment via bitcoin, ect ect.

 

[Lord of the Large Pants]

Dear KF,

If I was buying a relatively small amount of silver (say a few hundred buckaroos) due to the growing political shitstorm in the US, does it matter what kind of coins I get? Are they basically the same as long as they have a certain weight? And most importantly, is there any reason I can't get those stackable ones? They please my 'tism.

 

[ShortBusDriver]

Dear KF,

If I was buying a relatively small amount of silver (say a few hundred buckaroos) due to the growing political shitstorm in the US, does it matter what kind of coins I get? Are they basically the same as long as they have a certain weight? And most importantly, is there any reason I can't get those stackable ones? They please my 'tism.

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.