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

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Is gold nice

  • Yes

    Votes: 635 89.8%

  • No

    Votes: 72 10.2%
  • Total voters
    707
Godzilla1984 said:
If you can contact the owner, I'm sure that you'd become his new best friend with the the magic words:
I'll pay in cash.
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Before the wsb shit and $usd panic I used to have lots of luck just going strait for "whats you best cash price for this?" in person. Not on the phone, not in email. Saved me on tax lots of times.
Another option if you where planning on picking up stacks of 1oz gold Krugerrands or ASE's then just take a drive to a tax free state. Not all states charge tax on PMs. This was how it worked in the before times. Now noone has anything in stock and if they do they want top premiums. The coin show I used to do lots of buying at is already canceled. Gold is fixing to take a big dip and I can't buy anything because everyone is OOS or shutdown.

For online check out https://findbullionprices.com/
It indexes the pricing on all the major sites. JMBullion and APMEX are 2 I always had good luck with on generic stuff.

Erika Furudo said:
So the kiwi coin got me looking into silver. I don't own any PM but why the fuck would anyone invest in silver?
In the UK there is a 20% VAT on silver, that is fucking insane. You will never make a profit selling that stuff and you would need hyperinflation to make it worthwhile.
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I don't know what the fuck a Vat is but you should probably figure out a way not to pay that. Arn't the Britannicas legal tender in the UK? Why not just get those and skip the sales tax and "vat"? They are a great coin in gold and silver.

A real sad state of affairs when one of the few "cheap" silver rounds you can actually get is a creepy Biden coin and its still 5.xx over spot (:_(
If your just starting now good luck.
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Jump said:
Before the wsb shit and $usd panic I used to have lots of luck just going strait for "whats you best cash price for this?" in person. Not on the phone, not in email. Saved me on tax lots of times.
Another option if you where planning on picking up stacks of 1oz gold Krugerrands or ASE's then just take a drive to a tax free state. Not all states charge tax on PMs. This was how it worked in the before times. Now noone has anything in stock and if they do they want top premiums. The coin show I used to do lots of buying at is already canceled. Gold is fixing to take a big dip and I can't buy anything because everyone is OOS or shutdown.

For online check out https://findbullionprices.com/
It indexes the pricing on all the major sites. JMBullion and APMEX are 2 I always had good luck with on generic stuff.


I don't know what the fuck a Vat is but you should probably figure out a way not to pay that. Arn't the Britannicas legal tender in the UK? Why not just get those and skip the sales tax and "vat"? They are a great coin in gold and silver.

A real sad state of affairs when one of the few "cheap" silver rounds you can actually get is a creepy Biden coin and its still 5.xx over spot (:_(
If your just starting now good luck.
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Silver is an industrial metal so you need to pay Value Added Tax.
Why would gold dip? I figure it would spike given the uncertainty with the dollar atm.
 
Erika Furudo said:
Why would gold dip? I figure it would spike given the uncertainty with the dollar atm.
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The spike in the 10-year Treasury yields. People who where just using gold paper as a parking place for their cash are moving it to other parts of the market.
Short term I think we will see gold dip to 1500-1600 before taking off to new heights as reality starts to hit in the system.
If your thinking of jumping in to gold bigly pay attention the next week or 2.
Its off 200 bux since the start of the year. Down 35 on friday alone.
I see a few more coins showing up in my stack soon...if i can find them!:stress:
 
Jump said:
The spike in the 10-year Treasury yields. People who where just using gold paper as a parking place for their cash are moving it to other parts of the market.
Short term I think we will see gold dip to 1500-1600 before taking off to new heights as reality starts to hit in the system.
If your thinking of jumping in to gold bigly pay attention the next week or 2.
Its off 200 bux since the start of the year. Down 35 on friday alone.
I see a few more coins showing up in my stack soon...if i can find them!:stress:
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I considered buying a small amount of gold, not much as I can't afford much. But wouldn't gold paper owners just move into physical? A gold dip would be nice, just because it would be more accessible and it would suck if your first purchase loses value.
Wouldn't silver also see a dip?
 
Erika Furudo said:
I considered buying a small amount of gold, not much as I can't afford much. But wouldn't gold paper owners just move into physical? A gold dip would be nice, just because it would be more accessible and it would suck if your first purchase loses value.
Wouldn't silver also see a dip?
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I don't know how to predict the weather or the science that goes in to it. But I can hold out my hand and tell if its raining or not.


If you think everything is great and there is no crash coming then PM's are not for you. If you can look around and see the cracks starting to form then maybe stacking some coins is a good idea.

IMO PM's should come after food, water, shelter, and ammo.
If you don't have those things secured first then I would reevaluate your priorities.
 
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ShortBusDriver said:

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Call 800-997-7859 to learn why Monex has been America's trusted, high volume precious metals dealer for 50+ years. Great Prices. Superior Quality. Call Now!
www.monex.com www.monex.com

The first one is the cheapest, but a lot of stuff is out of stock
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Thanks; I did a little more research and bought some from jm bullion. It seems like it's a really bad deal to buy under an ounce. Might buy more later, not sure really.
 
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Erika Furudo said:
So the kiwi coin got me looking into silver. I don't own any PM but why the fuck would anyone invest in silver?
In the UK there is a 20% VAT on silver, that is fucking insane. You will never make a profit selling that stuff and you would need hyperinflation to make it worthwhile.

Instead of getting silver, wouldn't it be better to just buy smaller amounts of gold instead of silver? Gold has no VAT so it just seems like people (from the UK) who invest in silver are totally fucked. Why would you buy £300 of silver over £300 worth of gold, when you really get £240 worth of silver? 20% VAT is fucking mind blowing.
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An important point to make is that you aren't getting £80%, you're technically getting £INFINITY% because pounds are a worthless fiat currency and if you aren't buying for the incoming inflation war you're just wasting your time.
 
WD-40 said:
Why invest in gold when you can invest in copper.
https://oilprice.com/Latest-Energy-News/World-News/Copper-Prices-Soar-To-10-Year-Highs.amp.html
Copper prices have hit $4.23 per pound.
View attachment 1950346

Crackheads everywhere are getting in on the copper train.
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I pick out real copper pennies and throw them in a jar but beyond that investing in copper seems like "breeding pine trees" level of dumb.

melty said:
Thanks; I did a little more research and bought a some from jm bullion. It seems like it's a really bad deal to buy under an ounce. Might buy more later, not sure really.
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I only buy fractional, you just gotta look for the best deals and it can vary wildly by the coin. Look for sales and research the gold content of each coin. You can also get those little chips of gold that are like SD card size, but I figure in a barter situation coins will be more recognizable.
 
Overly Serious said:
This thread has got me interested in the metals market and I came across this video posted today about the silver market.

A tonne of information I found really interesting. Also, turns into a very polite smackdown by the interviewee to the poor interviewer towards the end.

https://www.kitco.com/news/video/show/BMO-Conference-2021/3241/2021-03-02/Silver-price-suppression-squeeze-Hunt-Brothers-and-other-myths-debunk#_48_INSTANCE_puYLh9Vd66QY_=https://www.kitco.com/news/video/latest?show=BMO-Conference-2021

https://archive.md/wip/jXFc6
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Lol that video. "You will lose your money", since silver presumably drops to zero if it doesn't squeeze? Silver may drop a bit here or there and worst case will track inflation long term especially as it gets scarce (i.e. don't use leverage, and just hold a while longer and you'll be fine, nigga). What a dumb fucking statement that is obviously meant to scare people and totally shows the dude has an axe to grind. It's hyperbole to the point of being laughable.

A smackdown? No the the interviewer was being polite, but you can see him grimacing at that answer and biting his tongue, because that's the moment he realized the guy was an idiot. His statements got real curt and to the point.

Additionally I think I heard the interviewee assert that SLV was mostly allocated, which, the whole point is that nobody really knows that because SLV isn't exactly transparent. Compare their conduct to PSLV, and it's obvious to see they're playing fractional reserve games and are trying to obfuscate the true extent of their capability to deliver.

The SLV recent prospectus change wouldn't have happened if they thought this guy was right.
 
2WokeB4BrainPills said:
Lol that video. "You will lose your money", since silver presumably drops to zero if it doesn't squeeze? Silver may drop a bit here or there and worst case will track inflation long term especially as it gets scarce (i.e. don't use leverage, and just hold a while longer and you'll be fine, nigga). What a dumb fucking statement that is obviously meant to scare people and totally shows the dude has an axe to grind. It's hyperbole to the point of being laughable.

A smackdown? No the the interviewer was being polite, but you can see him grimacing at that answer and biting his tongue, because that's the moment he realized the guy was an idiot. His statements got real curt and to the point.

Additionally I think I heard the interviewee assert that SLV was mostly allocated, which, the whole point is that nobody really knows that because SLV isn't exactly transparent. Compare their conduct to PSLV, and it's obvious to see they're playing fractional reserve games and are trying to obfuscate the true extent of their capability to deliver.

The SLV recent prospectus change wouldn't have happened if they thought this guy was right.
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The dude cant control his TDS. 2 or 3 times tried to shoehorn it.
And he is mad all these new people are getting interested in what is going on with silver and that they might have their own ideas.
Are most redditors retarded and just follow groupthink blindly? Ya sure. But in this case at least they will end up with fat stacks of silver that may come in handy in the future rather then worthless DIMANDHANDS GME stock.

Offtopic
I always wondered what crime the Kitco asian guy committed to be trapped in this prison. Doing these interviews all day everyday about nothing but pm's.
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He does do some interesting interviews though

U.S. at risk of insolvency from higher yields; these assets would be ‘destroyed’ - Michael Gentile​

 
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Have you ever heard about gold? It is a nice looking yellow metal which is valuable. It looks like this:

EdszjKHXoAIFBIm.jpg


Pictured is pure 24k gold which is noticably much nicer than the usual 14k jewelry

I've been buying gold regularly for some time now as gold is nice and it is also a good investment. Wearing gold jewelry also makes men look cool like Tony Soprano. I have some coins and bars too as buying investment jewelry can be hard outside of the US

I am interested in your opinion about gold. Personally, I like gold and would like to have more gold
 
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