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So I have a little extra spending money, I was looking into buying some 1 ounce bars of gold( maybe 5) and then 45 ounces of silver, but I can’t decide to get silver in bars rounds coin or if I go with bars I’d round 5oz or 1.
Thanks for the help guys
Any input about silver and gold would be good
Thanks for the help guys
Any input about silver and gold would be good
Gold broke out from key resistance this week and is looking real good, but I think silver is the better play currently. It's on sale big time with the 90 to 1 silver/gold ratio.
That sounds good , but why are these smart people selling low? Seems like investment 101 says "buy low, sell high".
I'm clearly missing something.
Why not sit on it until it goes up?
The Shop
I think I may pull the trigger on 3 1/2 pounds of silver and about 3 ounces of gold, I understand the cost n thing but I think i would rather have bars, just because there cooler
https://www.zerohedge.com/news/2017-10-30/could-be-huge-gold-bar-certif…
http://www.viewzone.com/fakegold.html
https://www.moneymetals.com/news/2018/11/12/jpmorgan-chase-trader-plead…
Also how are you going to spend gold and silver bars, coins etc..who will be able to make change when you go to buy something? plus a bit skeptical on sellers who tell you to buy gold and silver because the dollar is soon to be worthless but accept those same worthless dollars for their gold and silver.
On silver i do have a bunch of what they call junk silver old dimes, quarters, and half dollars from pre 64 when all change was silver. That will be much easier to make transactions with and not get taken.
Currently dimes are .90 each quarters $2.25 and half's $4.50.
My main stocking is food and water if shit really hits the fan these items will serve you much better than gold and silver.
But just wanted something that would hold value I also plan on testing the bars
"Joy Creations owner Samuel Tang contacted CBC News when neither RBC nor the
mint would take back the one-ounce gold piece he'd purchased"
With that being said, I try to take a couple hundred bucks every month and buy some sort of commodity. Sometimes it's a case of pistol ammo, or a really good deal on whatever collectible I'm into at the time, but my favorite is a 10oz quantity of silver bars or rounds. You could also throw the money at a silver index fund to diversify, but to me the value is to have the physical asset in my hand, not some statement saying I own something somewhere. You could always run down to the coin shop and sell your physical coins/bars if you had to. I have a few hundred ounces of silver in my safe. If silver spikes to $50/oz again, then I will sell it all. If not, then my kids can divide it up when I die. Hopefully they will make out if I don't. We may or may never see that type of spike again in our lifetime.
My word of caution on buying bars, rounds and coins: buy from a reputable source. The Chinese are well known to make counterfeit bars and rounds in all shapes and sizes. They are counterfeiting American Eagles, Kruggerands, Maple Leafs, and even counterfeit pre-1964 US coins, to the point that they have a well circulated appearance. AMPEX, MCM, JMBullion, ect have eBay stores that are trusted. Eagles purchased from the mint are the safest, but you pay the largest premium as well.
In recent years a great hoard of US citizens have been buying gold as a hedge against collapse of the financial system. If the government is forced to make good on the bad fake gold, who do you think will be called upon to make up the shortfall? Confiscation of gold would be a forgone conclusion. The records of purchase would be readily available to BigGov snoops. The laws enforcing the confiscation would be quickly enacted by congress and you'd be given a receipt by Uncle Sam.
I may pull the trigger soon
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