Metals - Silver and Gold

[Jump]

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.

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.

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.

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.

 

[Spasticus Autisticus]

Pretty sure those are all closed due to lockdown deeming most shops "non-essential".

My state has had some of the strictest lockdowns in the USA, but coin shops got classified as essential financial services, so they got to stay open.

 

[Erika Furudo]

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.
View attachment 1956672

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.

 

[Jump]

Why would gold dip? I figure it would spike given the uncertainty with the dollar atm.

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!

 

[Erika Furudo]

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!

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?

 

[Jump]

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?

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.

https://www.kitco.com/news/2021-02-26/Gold-price-down-3-silver-price-tumbles-5-as-selling-accelerates.html

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.

 

[Uranus Pink]

If that were the case, you'd only have 30 pieces of it HEYOOOOOOOOOOOO

Unless I am mistaken the Bible never said how much those 30 pieces weighted. So there is room for rule lawyering and heavy objects on hand to budgeoned (sp?) anyone who might disagree.

 

[Godzilla1984]

Unless I am mistaken the Bible never said how much those 30 pieces weighted. So there is room for rule lawyering and heavy objects on hand to budgeoned (sp?) anyone who might disagree.

HEYYOOOOOOOOOOOOO

 

[melty]

https://www.moneymetals.com/

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www.monex.com

https://www.jmbullion.com

The first one is the cheapest, but a lot of stuff is out of stock

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.

 

[Coolio55]

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.

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.

 

[Jump]

THEY are saying buy buy buy stocks and consoom more LCD tvs and pizzas. While THEY are stacking gold.

https://www.kitco.com/news/2021-03-01/London-gold-vaults-at-record-levels-in-January-despite-weak-gold-price-performance-in-2021.html

 

[Overly Serious]

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/sh...om/news/video/latest?show=BMO-Conference-2021

https://archive.md/wip/jXFc6

 

[Dog-O-Tron 5000v5.0]

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.

https://www.reddeeradvocate.com/news/copper-wire-thefts-from-eastern-alberta-oilfield-sites-lead-to-charges

https://www.nbc12.com/2021/02/25/police-two-suspects-sought-henrico-copper-theft/

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.

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.

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.

 

[2WokeB4BrainPills]

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

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.

 

[Jump]

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.

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.


He does do some interesting interviews though

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

 

[Philly Phunk Machine]

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.
View attachment 1956672

Wouldn't junk silver be a better alternative in that case? You might end up with coins containing a fraction of silver content but you'll at least be stockpiling something until the good stuff becomes affordable.

 

[Lone MacReady]

Fishy, something smells like rotten vagina recently. It's starting to fall apart.

 

[Dog-O-Tron 5000v5.0]

Yankee Stacking makes a pretty solid case for buying copper in 2021:

Not physical, stacking that is like breeding pine trees. But he says paper copper is poised to go up if Biden's infrastructure bill goes through.

He's pushing one particular stock, but I bet there are other good ones and the logic he lays out is sound. I bought some paper silver in case the Silver Squeeze amounted to anything and now it seems redundant as it went nowhere and I have a gold miner stock I've had for years, and physical gold and silver. I'm down a couple bucks now so I'd like to see it go back up a bit to minimize loss, but then I think I'll sell and look at copper.

 

[General Tug Boat]

Yankee Stacking makes a pretty solid case for buying copper in 2021:

Not physical, stacking that is like breeding pine trees. But he says paper copper is poised to go up if Biden's infrastructure bill goes through.

He's pushing one particular stock, but I bet there are other good ones and the logic he lays out is sound. I bought some paper silver in case the Silver Squeeze amounted to anything and now it seems redundant as it went nowhere and I have a gold miner stock I've had for years, and physical gold and silver. I'm down a couple bucks now so I'd like to see it go back up a bit to minimize loss, but then I think I'll sell and look at copper.

Copper looks pretty good for people to start considering. At least in my mind while watching the price over the last couple of months. Seeing that Copper is posed to do so much in regards as the push for electric vehicles, but as well in an industrial sense. It would be good to pick up some copper.

I am not big into the paper aspect of things, but it's a good asset to get in paper for sure. Though I also like the idea of getting some copper rounds and bars just for the heck of it. Prices are low enough that even if it just sits for about a decade with my silver and gold, it really won't bother me too much.

 

[knobslobbin]

Copper looks pretty good for people to start considering. At least in my mind while watching the price over the last couple of months. Seeing that Copper is posed to do so much in regards as the push for electric vehicles, but as well in an industrial sense. It would be good to pick up some copper.

I am not big into the paper aspect of things, but it's a good asset to get in paper for sure. Though I also like the idea of getting some copper rounds and bars just for the heck of it. Prices are low enough that even if it just sits for about a decade with my silver and gold, it really won't bother me too much.

How does copper perform during an economic downturn? iirc it's highly coupled, and there is a lot of worry about a global recession/depression from all the financial shenanigans and money printing accelerating lately.