Been buying all the American Made Silver and Gold I can. Scottsdale Mint is my preferred manufacturer. The motto In God We Trust is on their Stacker Bars.
So you're interested in buying the hard product, not the commodity. I like that. Not what everyone can do considering the $/oz but I do love the back to basics and cold hard "cash" aspect.
If you don't hold it, you don't own it...
The bullion derivatives market has been artificially suppressing the price for a long time & when it finally blows, I think physical bullion holders will see a massive return.
Could be leveraged at 100:1 or greater...
As a complete novice to gold purchasing, looking into gold bullions right now sketches me out because of all these brands. Whats a good resource to get started understanding this market more? Really think its a good market to invest in right now since Q has really hinted at us going to a gold standard.
I've purchased online from sdbullion & Gainesville coins - they tend to have lower premiums & I've had no 'issues' (my gainseville order last summer took a while to arrive, though demand was high at the time).
Recently, I'm purchasing from a local shop b/c I don't want to risk having a package of bullion in the mail if the mail stops...
Looking at the gold/silver ratio & speculated derivatives, I think silver has more 'room to run', though it is also a less dense store of value (good for barter though bad for storage) & more volatile.
I'd recommend a mix of both.
90%/constitutional/junk silver (US coinage pre-1965(?)) is probably the least expensive way to get fractional coinage to use in case barter is necessary.
American silver & gold eagles have higher premiums, though they also command the highest sell price. Personally, I try to avoid coins with the queen on them though that limits my options.
Bars are more easily counterfeited than coins/rounds & tend to command a lower bid, so I tend to stick to rounds/coins.
I'd be cautious of eBay/Craigslist purchases - if it seems to good to be true it probably is & the amount you'd potentially save may not outweigh the risk of getting screwed.
As far as silver, I prefer regular old silver dimes, quarters, half-dollars, and dollars, but mostly dimes and quarters. They are more easily recognized by everyone and can be used for smaller purchases. For example, a silver dime has been worth a loaf of bread for over 50 years.
Bullish! All the way. I’ve been buying gold and silver (physical coins from the mint) since 1986. I’ve ramped up buying physical gold and silver over the last 18 months (approximately 100oz every two weeks). Once we make the switch to a US Dollar backed by gold/silver, the prices will increase.
If Trump wins and brings down the global central banks, everything changes relative to "markets". New currencies, new bases, new exchange rates, and values of everything will rebase. I don't think it is predictable until it starts to play out and information is shared. It is anticipated it will all be based on valuable metals, though, so gold, silver, platinum and others will always be good bets.
I've been eyeing platinum recently...
The US Mint coins have a $100 face value, which is higher than gold's, & it is a rarer metal.
It's currently trading under the price of gold, which has been the opposite in the past.
Seeking platinum eagles, though they are pretty rare & have a high premium (I lack trust that many bars are legit)
It doesn't matter what the "dollar" value of gold is. An ounce of gold has been worth a really good men's suit for over 100 years. The real value of gold doesn't change. The value of fiat currency changes, always winding up at zero at some point.
Gold, silver, defense, supplies, property. Those have real value. Get you some.
I was told by my father-in-law, this example: A $20 numerated gold piece in the 1900's would buy a nice suit. That same gold piece (kept all these years) today will buy a nice suit. [Oh, just saw Aspie beat me to the suit explanation, thumbs up!]
BTW, back in the 70s, I actually bought a good suit for exactly $20. It was near the end of a going out of business sale at a local men's store. Gold was as low as $100 per ounce during that period of time, so it was still a pretty amazing deal.
You don't understand. Gold and silver are real money. The paper dollars are federal reserve notes, which are worth less than 5% of what they were worth in 1913. It doesn't matter what the "price" of gold is, it's still worth the same as it was over 100 years ago. That's what being a store of value means.
Keep your dollars that are worth less every year and will eventually get to zero. I will keep gold and silver that don't change in value from year to year.
You don't even know what "virtue signaling" means. BTW, one "l" in "signaling" is the preferred spelling.
I'd hate to be holding fiat and derivatives when they all go to zero. I only have enough dollars to pay utilities. The rest goes into physical commodities.
Being against fiat is not just "de rigeur." It's sensible, since all fiat currencies in the past have gone to zero. That's a fact.
And there's no need for cussing. That's what leftists do when they don't have a good argument.
Love this input! Thanks for the perspective. Dad has also been more bullish on silver the last couple years for similar reasons i.e. ratios. 1700 doesn't seem too low for GC considering in 2018 it was 1100.
From a transitional point of view, I'd say both types of transition cannot do without a better shoring up of the relationship between paper and physical, however you slice and dice it.
And, you will probably also know, European Banks, especially central Banks, have played a little different game than the FED, which was a bank without sufficient gold backing anyway. (used to go through Treasury)
That being said: there is a difference in transition. In the one scenario, Of the WEF, the price suppression must continue.
Not the price action last week in the Gold and Silver market plus the Eur/ Dollar on 5 minute charts. Phenomenal. These three seem now intertwined.
In the Trump scenario: Gold will destroy the FED ..... (if ......). In such a scenario a continuing rising price will be beneficial for a transition if the gold reserves are actually there.
It is fun the consider how the FED van be totally bankrupted with the stroke of a pen. ..... And it would case a cascading sell effect into Asia en Europe.
But I would say: just the rise of gold is not enough to conclude something, as other assets can be used to deflate and release pressure.
Great comments. My dad and I will have lots to parse through the next few days. Right now we are leaning toward covering positions and maintaining capital. Volatility has broken my bank more than once so I’m hedging on staying delta neutral until things shake out.
Potus tweeted that he was not a fan of BTC because of its use by criminal enterprises...
I would tread carefully with it, though it could be a winner, just much more of a speculative bet than store of value (gold)
Sure that is a great option. The larger question is really whether or not the prices will continue to climb or fall based on the unfolding events. What would dive the trend in either direction? Options are a good choice for either gold or silver too.
Silver is best for smaller purchases. But it should be gaining in dollar value on gold, as it is getting rarer because of the price being artificially kept down, and because so much is being used industrially and becoming unrecoverable. Tons of silver have disappeared, but most of the gold from thousands of years ago is still above ground and available.
As long as you think of gold in "dollar terms" instead of thinking about dollars in "gold terms" you still won't get it.
Been buying all the American Made Silver and Gold I can. Scottsdale Mint is my preferred manufacturer. The motto In God We Trust is on their Stacker Bars.
So you're interested in buying the hard product, not the commodity. I like that. Not what everyone can do considering the $/oz but I do love the back to basics and cold hard "cash" aspect.
If you don't hold it, you don't own it... The bullion derivatives market has been artificially suppressing the price for a long time & when it finally blows, I think physical bullion holders will see a massive return. Could be leveraged at 100:1 or greater...
As a complete novice to gold purchasing, looking into gold bullions right now sketches me out because of all these brands. Whats a good resource to get started understanding this market more? Really think its a good market to invest in right now since Q has really hinted at us going to a gold standard.
I am expecting gold to do very, very well. I have some physical, and silver also.
And if the rumors are true about the coming implementation of NESARA, we will return to precious metal backed currencies.
I've purchased from APMEX and JDBullion. I wanted to buy offline, but there are way too many counterfeit scams out there on ebay and craigslist.
I've purchased online from sdbullion & Gainesville coins - they tend to have lower premiums & I've had no 'issues' (my gainseville order last summer took a while to arrive, though demand was high at the time). Recently, I'm purchasing from a local shop b/c I don't want to risk having a package of bullion in the mail if the mail stops... Looking at the gold/silver ratio & speculated derivatives, I think silver has more 'room to run', though it is also a less dense store of value (good for barter though bad for storage) & more volatile. I'd recommend a mix of both. 90%/constitutional/junk silver (US coinage pre-1965(?)) is probably the least expensive way to get fractional coinage to use in case barter is necessary. American silver & gold eagles have higher premiums, though they also command the highest sell price. Personally, I try to avoid coins with the queen on them though that limits my options. Bars are more easily counterfeited than coins/rounds & tend to command a lower bid, so I tend to stick to rounds/coins. I'd be cautious of eBay/Craigslist purchases - if it seems to good to be true it probably is & the amount you'd potentially save may not outweigh the risk of getting screwed.
Thank you very much for the info
As far as silver, I prefer regular old silver dimes, quarters, half-dollars, and dollars, but mostly dimes and quarters. They are more easily recognized by everyone and can be used for smaller purchases. For example, a silver dime has been worth a loaf of bread for over 50 years.
Bullish all the way then!
Bullish! All the way. I’ve been buying gold and silver (physical coins from the mint) since 1986. I’ve ramped up buying physical gold and silver over the last 18 months (approximately 100oz every two weeks). Once we make the switch to a US Dollar backed by gold/silver, the prices will increase.
If Trump wins and brings down the global central banks, everything changes relative to "markets". New currencies, new bases, new exchange rates, and values of everything will rebase. I don't think it is predictable until it starts to play out and information is shared. It is anticipated it will all be based on valuable metals, though, so gold, silver, platinum and others will always be good bets.
I've been eyeing platinum recently... The US Mint coins have a $100 face value, which is higher than gold's, & it is a rarer metal. It's currently trading under the price of gold, which has been the opposite in the past. Seeking platinum eagles, though they are pretty rare & have a high premium (I lack trust that many bars are legit)
It doesn't matter what the "dollar" value of gold is. An ounce of gold has been worth a really good men's suit for over 100 years. The real value of gold doesn't change. The value of fiat currency changes, always winding up at zero at some point.
Gold, silver, defense, supplies, property. Those have real value. Get you some.
The dollar is already nearing zero compared to what it was in 1913. All fiat currencies eventually reach zero.
All good points. Thanks for weighing in.
Your father is a smart man, more importantly he is correct in his beliefs
Gold doesn't decline, nor does it rise. The fiat paper money rises and falls, and will eventually get to zero. That always happens to fiat money.
I was told by my father-in-law, this example: A $20 numerated gold piece in the 1900's would buy a nice suit. That same gold piece (kept all these years) today will buy a nice suit. [Oh, just saw Aspie beat me to the suit explanation, thumbs up!]
I've explained it this way for decades.
BTW, back in the 70s, I actually bought a good suit for exactly $20. It was near the end of a going out of business sale at a local men's store. Gold was as low as $100 per ounce during that period of time, so it was still a pretty amazing deal.
You don't understand. Gold and silver are real money. The paper dollars are federal reserve notes, which are worth less than 5% of what they were worth in 1913. It doesn't matter what the "price" of gold is, it's still worth the same as it was over 100 years ago. That's what being a store of value means.
Keep your dollars that are worth less every year and will eventually get to zero. I will keep gold and silver that don't change in value from year to year.
You don't even know what "virtue signaling" means. BTW, one "l" in "signaling" is the preferred spelling.
I'd hate to be holding fiat and derivatives when they all go to zero. I only have enough dollars to pay utilities. The rest goes into physical commodities.
Being against fiat is not just "de rigeur." It's sensible, since all fiat currencies in the past have gone to zero. That's a fact.
And there's no need for cussing. That's what leftists do when they don't have a good argument.
Love this input! Thanks for the perspective. Dad has also been more bullish on silver the last couple years for similar reasons i.e. ratios. 1700 doesn't seem too low for GC considering in 2018 it was 1100.
From a transitional point of view, I'd say both types of transition cannot do without a better shoring up of the relationship between paper and physical, however you slice and dice it.
And, you will probably also know, European Banks, especially central Banks, have played a little different game than the FED, which was a bank without sufficient gold backing anyway. (used to go through Treasury)
That being said: there is a difference in transition. In the one scenario, Of the WEF, the price suppression must continue.
Not the price action last week in the Gold and Silver market plus the Eur/ Dollar on 5 minute charts. Phenomenal. These three seem now intertwined.
In the Trump scenario: Gold will destroy the FED ..... (if ......). In such a scenario a continuing rising price will be beneficial for a transition if the gold reserves are actually there.
It is fun the consider how the FED van be totally bankrupted with the stroke of a pen. ..... And it would case a cascading sell effect into Asia en Europe.
But I would say: just the rise of gold is not enough to conclude something, as other assets can be used to deflate and release pressure.
Great comments. My dad and I will have lots to parse through the next few days. Right now we are leaning toward covering positions and maintaining capital. Volatility has broken my bank more than once so I’m hedging on staying delta neutral until things shake out.
So - you’re saying the hoard of silver eagles my husband has been buying for the last 27 years might actually be worth something??? LOL
If he’s been buying them for 27 years, he started in at what...4 bucks?
An Eagle right now is like 30+
I’d say they are worth something now. ?♂️
Lol - yes. We used to hand them out as Christmas gifts to nephews.
& they all likely have some numismatic value, especially the older vintages...
Bullish for crypto thats for sure...
I thought crypto was deep state. That’s why it sky rocketed with that shitty spending bill. All the money laundering.
Potus tweeted that he was not a fan of BTC because of its use by criminal enterprises... I would tread carefully with it, though it could be a winner, just much more of a speculative bet than store of value (gold)
Sure that is a great option. The larger question is really whether or not the prices will continue to climb or fall based on the unfolding events. What would dive the trend in either direction? Options are a good choice for either gold or silver too.
It's better than gold!
Silver is best for smaller purchases. But it should be gaining in dollar value on gold, as it is getting rarer because of the price being artificially kept down, and because so much is being used industrially and becoming unrecoverable. Tons of silver have disappeared, but most of the gold from thousands of years ago is still above ground and available.
The ratio is totally out of whack. It used to be 1:15 - 1:17
March 19, 2020: the ratio was 1:121. Currently 1:72
If your view is only USD -> Gold, you will be missing important information.
The ratio should be closer to 1:12 or 1:10. Silver would appear to be the better choice, especially for those of us with limited dollars to spend.