FDIC caught on video planning to use your deposits for bank "bail-in"
(www.theorganicprepper.com)
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So with precious metals, how can I get gold/silver as close as possible to the spot price?
https://www.goldenstatemint.com/1-oz-walking-liberty-silver-round.html
$22.46
For prices I've found SD Bullion to be the all around best t then PIMBEX, and BullionMax. For selection APMEX but at higher prices unless you find a sale item but SD usually beats their sale prices too. APMEX will price match "exact" item for item once you gain enough status through order and amount volumes but that obviously won't work for generics. As long as the Fed is raising rates metals will continue to be relatively cheap. However, once they pivot and move rates down or even level off metals are going to explode. Get your metals while you can.
i have used jmbullion online for years...always excellent...and look for their "sale" items at lower premiums...good luck...they have free shipping for orders over $199...im no expert, but buying in the lowest denomination for the applicable per oz premium is best, if you're considering actually having to use it to pay for goods/services, not just one big chunk kilo, etc...
Same here. I trust them completely and have great prices, stock and customer service.
Your best price will probably be with a local dealer. Here in Canada you can just search for a RCM authorized dealer and you’ll usually get a reasonable price over spot. Obviously the larger the bar you buy, the less of a premium you’ll pay.
One thing to note is that the spot market correlates to what the paper certificates are trading at. The physical market can deviate quite significantly from the paper market, especially when there’s a lot of movement or when SHTF.
Buy the heaviest bars you can afford. 1000oz silver and kilo+ gold bars.
What’s the logic behind buying heavier bars? Not doubting that, but asking a legit question because I’ve wondered myself if it’s best to have 1oz coins, 10oz bars, 100oz bars, or an even mix of all of them. Thanks.
EDIT: I just reread and see that your reply was answering the question about how to get closest to SPOT price.
The bigger the bar, e.g. the more you spend, the lower the premium (closer to spot) you pay. More bang for your buck which the OP asked. Presumably he's asking about a wealth-preservation option versus a barter-n-trade stash.
After the dust settles, do you think it will be easy to trade in the gold/silver for the new gold backed currency?
Trust, but verify.
Agreed. It would be total chaos if it comes to that.
Insert GME+Loopring.
I have no idea what's going to happen next. The pundits out in the wild are all over the place on this topic. However, I am aware of people who are already regularly trading in gold/silver for products and services.
Good price right now, I would load up.