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Buying physical gold/silver

346,851 Views | 2256 Replies | Last: 17 min ago by aunuwyn08
maddiedou
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7:57a, 7/13/21
AG
But then who does he sell to. He is not paying a 1.50-2.00 less and then keeping them

They turn and burn So to who does he sell and make that money

maddiedou
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Esteban du Plantier
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In reply to maddiedou • 8:14a, 7/13/21
AG
maddiedou said:
But then who does he sell to. He is not paying a 1.50-2.00 less and then keeping them

They turn and burn So to who does he sell and make that money



The coin shop is mostly sold out of bullion. There are always buyers in there cleaning them out. He may buy only a couple days of supply, he's not sitting on stuff he bought long ago. He doesn't care the spot price, he's just scalping the spread.
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Andrew Dufresne
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In reply to maddiedou • 1:47a, 7/14/21
maddiedou said:
It is a gamble and a long gamble if you are smart enough to always buy at 5-10 dollars
I don't know if you have been paying attention, but Silver hasn't even come close to this range in well over 10 years.

Also, the SLV paper market pricing of Silver is losing credence by the day. Pay attention to auction sites like eBay like I do and you will know actual market prices. Talking about buying at $5 in this day and age is a JOKE
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maddiedou
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7:46a, 7/14/21
AG
The point was the gamble and I was with you until you used ebay as the auction site that you refer to get your prices

But I did find something and I have no clue if this is a viable company or not for those wanting silver eagles
maddiedou
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AgEng06
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In reply to maddiedou • 7:50a, 7/14/21
AG
I say that's a not a viable site since those Eagles would be over half off at that price.
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aunuwyn08
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8:00a, 7/14/21
AG
If you're buying eagles below 32 from anywhere these days - you're buying fakes.
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maddiedou
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9:03a, 7/14/21
AG
10-4. I did not know. It was a brief quick ebay search

Thanks. For letting everybody know.
maddiedou
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Esteban du Plantier
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In reply to maddiedou • 10:15a, 7/14/21
AG
maddiedou said:
10-4. I did not know. It was a brief quick ebay search

Thanks. For letting everybody know.


There are legit places, like Littleton, that you can get a cheap eagle but it's only one and you get sucked into a subscription. You can cancel, but it's a pita to get a discount on just one eagle.

Spot price is made up. There's no silver to be bought at $26 more like $31.50 for generics.

There's always been a premium on minted silver, but it used to be like a dollar, now it's $6. That's just an inefficiency between actual price and 'spot'.
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maddiedou
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11:00a, 7/14/21
AG
Thanks. I dont buy silver eagle well I try not to but sometime I have but this was months ago in a whole coin purchase Thanks for the reply
maddiedou
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3:24a, 7/16/21
MRB10
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5:08p, 7/16/21
AG
Added some England silver and a small amount of Canada gold. The premiums on gold coins have gotten nuts.
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Aggiemike96
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11:56a, 7/19/21
AG
Who's buying the silver dip? It's been falling since Friday.
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In reply to Aggiemike96 • 1:00p, 7/19/21
Ted Lasso
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1:27p, 7/19/21
AG
added brittanias @29.26/troy oz
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Aggiemike96
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In reply to Ted Lasso • 1:31p, 7/19/21
AG
Nice! Care you share who you purchased through? I usually shop BullionExchanges or SD Bullion.
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MRB10
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In reply to [removed post] • 1:41p, 7/19/21
AG
Why gold over silver with the premiums being what they are? I'm not being critical but am genuinely curious.
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1:44p, 7/19/21
Ted Lasso
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In reply to Aggiemike96 • 1:55p, 7/19/21
AG
sdbullion
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Txhuntr
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2:38p, 7/19/21
AG
I bought what I thought was the dip on Saturday. Ah well, I'll find bottom next time
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ChiefKiefton
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5:07p, 7/19/21
Just got my shipment of 2oz queens beasts. Love these coins!
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8:23p, 7/19/21
Txhuntr
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In reply to [removed post] • 9:46p, 7/19/21
AG
Heraeus and RCM. Also have a fair amount of SMI's just because of how cheap they are, and easily verified with a $15 decoder.
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Aggiemike96
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8:44p, 7/20/21
AG
In for 50 ozt for $1,403.
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mwp02ag
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11:40a, 7/21/21
AG
Texas Precious Metals is having a flash sale on gold coins today. $69/oz premium, $31 savings, if anyone is interested.
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Skillet Shot
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1:05p, 7/21/21
I'm new to buying physical PMs. Thinking about buying some american silver eagles to start out with. Silver gold bull has them for $35/each. Any other suggestions?
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AgEng06
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In reply to Skillet Shot • 1:08p, 7/21/21
AG
Skillet Shot said:
I'm new to buying physical PMs. Thinking about buying some american silver eagles to start out with. Silver gold bull has them for $35/each. Any other suggestions?
I'd probably buy the Maple Leafs they have on sale today instead. They are ~$31.8x per coin.
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Skillet Shot
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1:36p, 7/21/21
When buying online, do y'all link your bank account to get the discount? Or pay with credit?
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In reply to AgEng06 • 1:44p, 7/21/21
Skillet Shot
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1:50p, 7/21/21
The main benefit of ASE's are the tax implications correct? If I sell, I don't pay capital gains taxes?
Lol I'm sure I'll sell this investment as well as I do my ammo investments, aka never.
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In reply to Skillet Shot • 1:55p, 7/21/21
Skillet Shot
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2:04p, 7/21/21
Ok, i ended up getting 5 each of ASE and Canadian maples. So it begins..
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ChiefKiefton
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In reply to Skillet Shot • 8:03a, 7/22/21
Skillet Shot said:
The main benefit of ASE's are the tax implications correct? If I sell, I don't pay capital gains taxes?
Lol I'm sure I'll sell this investment as well as I do my ammo investments, aka never.


If you are paying taxes for buying or selling precious metals, you are doing it wrong.
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11:34p, 7/24/21
 
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