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Buying physical gold/silver

345,355 Views | 2253 Replies | Last: 1 day ago by jagvocate
Esteban du Plantier
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7:46p, 9/27/22
AG
Pre 64 coins are pretty easy to identify by looking for a solid silver edge.

You'll get to where you'll notice it instantly in a roll of coins.



https://imgur.com/a/Its1bLe
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Buck Turgidson
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10:54p, 9/27/22
Can anybody recommend a trustworthy Houston area shop to buy gold coins in person?

Also, is it true that the government tracks all gold purchases of $10k or more? Do credit card companies like Amex track your gold purchases specifically like they were about to do with gun purchases?
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Red Pear Realty
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In reply to Buck Turgidson • 8:10a, 9/28/22
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POOF
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XpressAg09
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In reply to Esteban du Plantier • 9:19a, 9/28/22
AG
Your knee cleavage made that a "Click to Ensure You're Over 18" picture.

And I quote:
Quote:
This post may contain erotic or adult imagery.
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Outdoorag011
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In reply to Buck Turgidson • 12:25p, 9/28/22
Royal coins in Houston is the best. Best prices and they are great people. They don't always have the biggest selection because they do the most volume selling in Houston. I pay with cash when I go to local coin shops and echeck for online purchases. Now the government tracks every purchase over $600. Another reason to pay with cash if possible.
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topher06
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In reply to Outdoorag011 • 1:50p, 9/28/22
Outdoorag011 said:
Royal coins in Houston is the best. Best prices and they are great people. They don't always have the biggest selection because they do the most volume selling in Houston. I pay with cash when I go to local coin shops and echeck for online purchases. Now the government tracks every purchase over $600. Another reason to pay with cash if possible.
Sucks knowing you don't actually own your own property.
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jagvocate
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In reply to topher06 • 9:32p, 9/28/22
AG
Ironically, you do if it's lost or stolen
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Buck Turgidson
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In reply to topher06 • 9:50a, 9/30/22
topher06 said:
Outdoorag011 said:
Royal coins in Houston is the best. Best prices and they are great people. They don't always have the biggest selection because they do the most volume selling in Houston. I pay with cash when I go to local coin shops and echeck for online purchases. Now the government tracks every purchase over $600. Another reason to pay with cash if possible.
Sucks knowing you don't actually own your own property.


It sure does. Now think about how all real estate is basically rented from the government and what happens when you don't pay your 2-3% annual property taxes if you really want to get angry.
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jagvocate
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10:30a, 10/1/22
AG
I mostly buy online but support a local coin shop each month. My normal shop was completely out of silver 10oz or kilos so I drive 25 minutes and found a new, very nice family gold and jewelry shop that happened to have some silver bullion too
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maddiedou
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11:02a, 10/1/22
AG
What is the cost of something like that 23 an ounce or less

Also is there tax on silver when you biy from a shop

I dont buy from dealers so I was just wondering and you dont have to answer
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jagvocate
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1:17p, 10/1/22
AG
State law determines taxes. Some states tax precious metals, some don't. I paid $250 for that bar, no tax, but no shipping fees and I walked out in hand with it. I think the real value of silver is a lot higher so I won't sneeze at anything $25/oz and less. Buying as much as I can,
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maddiedou
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1:57p, 10/1/22
AG
Thanks. It was a serious question but just seems like a 30 percent profit for a store is not alot with all the overhead and staff

I may go check out what the two stores here sale a 10 ounce for and will report back
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jagvocate
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8:48p, 10/2/22
AG
A little Sunday humor for us precious metal stackers as the bankrupt Euro Banks try to dupe the world that all is well

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Esteban du Plantier
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9:12p, 10/2/22
AG
I love all the wildlife coins, so I typically buy anything from the Pacific island countries when they do animals. But the all had the queen on them, being Commonwealth countries.

I'm not buying any coins with that turd Charles on them.
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jagvocate
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In reply to Esteban du Plantier • 7:06a, 10/3/22
AG
When the Silver Eagle premiums started skyrocketing I pulled the trigger on quite a few 2022 Canadian Silver Maples … little did I know then they may likely be the some of the last QE coins
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topher06
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In reply to jagvocate • 11:19a, 10/3/22
Will that eventually make them worth more? Not buying more while silver is spiking and didn't get and silver QE2 coins, but did get a gold maple and gold Britannia this year so maybe those will be lucky one day
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jagvocate
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12:50p, 10/4/22
AG
Silver up 15% since the weekend
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lobopride
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3:15p, 10/4/22
A while back I bought five 1 oz. gold bars from Credit Suisse that had individual serial numbers.

I thought that having some sort of proof that they were gold would be nice in a SHTF scenario.

I wish I had chosen something else now. Oh well.
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oklaunion
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In reply to lobopride • 3:59p, 10/4/22
lobopride said:
A while back I bought five 1 oz. gold bars from Credit Suisse that had individual serial numbers.

I thought that having some sort of proof that they were gold would be nice in a SHTF scenario.

I wish I had chosen something else now. Oh well.
Not sure I see what your problem is. CS is reputable.
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lobopride
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In reply to oklaunion • 4:27p, 10/4/22
They are about to go bankrupt. Probably within the year.
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Red Pear Realty
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4:41p, 10/4/22
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That will probably make them more valuable/collectible if they go BK. The gold will always be worth at least melt.
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jagvocate
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8:04p, 10/4/22
AG
Tangential, but: $silver and $gold miners have outperformed the S&P 500 five weeks going.
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topher06
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In reply to jagvocate • 8:29p, 10/4/22
Agreed, but that's partly because they're manipulated AF
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JR Ewing
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6:47p, 10/5/22
AG
It tells you something when countries are stockpiling gold every month...the Great Reset will be gold backed, most likely...
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JR Ewing
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7:45p, 10/5/22
AG
Duplicate post removed...
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jagvocate
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4:58p, 10/10/22
AG
Silver's been under $20, hope some folks have bought.

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jagvocate
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11:20a, 10/11/22
AG
The $GOLD:$NASDAQ ratio likely bottomed a year ago, meaning that there will be ups and downs in the relationship/ratio but that bullion will be a better buy than tech stocks in general for the foreseeable future.

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Apache
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In reply to jagvocate • 1:43p, 10/11/22
AG
Quote:
Silver's been under $20, hope some folks have bought.

Silver's been under $20.00 the majority of the past decade & I say this as a guy who has bought a little.
Aside from the big spike in the early 80's & a period around 2010-2012, it seems to me to be an investment that just doesn't do much compared to putting money in the stock market or elsewhere.

Are y'all buying at this stage primarily as a hedge against inflation?
Something to trade when the SHTF?
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maddiedou
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In reply to Apache • 2:26p, 10/11/22
AG
Yep. Your post is correct very seldom over 20-22 but it has its moments
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Outdoorag011
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In reply to Apache • 2:32p, 10/11/22
I'm buying because silver is the second most important/versatile commodity on earth behind oil. It has 10,000+ uses. It is VITALLY important to our way of life and EXTREMELY important as the world moves more towards technology.

Things that cannot go on forever… don't. Shorting a finite resource will not end well. I would much rather be 20 years to early than 1 day to late.
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techno-ag
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In reply to Apache • 2:33p, 10/11/22
AG
Quote:
Are y'all buying at this stage primarily as a hedge against inflation?
I picked up some British Mint stuff that's hard to find elsewhere (not resold much by the domestics). Right now the dollar is very strong against the pound and these make great Christmas gifts.
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Red Pear Realty
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3:30p, 10/11/22
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What is the ratio of silver ever mined to US dollars ever printed?

What is the ratio of silver to gold as it appears on earth?
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Apache
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In reply to Red Pear Realty • 4:25p, 10/11/22
AG
Quote:
What is the ratio of silver ever mined to US dollars ever printed?

What is the ratio of silver to gold as it appears on earth?
Is this a guessing game or are you going GTFM?
5000 to one?
25 to one?
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Red Pear Realty
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In reply to Apache • 4:58p, 10/11/22
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I'll answer the first one, but if you want to know the second one, you should go look for yourself. Both basically answer your original question.

https://fred.stlouisfed.org/series/M2SL
Quote:
21,711.4 billion USD

https://www.usgs.gov/faqs/how-much-silver-has-been-found-world
Quote:
Of the 1,740,000 metric tons of silver discovered to date
(this one is more of an estimate, but estimates are fairly consistent, and this one is from a reputable source.)


353.74 US dollars per ounce of silver ever mined throughout history, worldwide.
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jagvocate
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In reply to Apache • 10:01a, 10/12/22
AG
Apache said:
Quote:
Silver's been under $20, hope some folks have bought.

Silver's been under $20.00 the majority of the past decade & I say this as a guy who has bought a little.
Aside from the big spike in the early 80's & a period around 2010-2012, it seems to me to be an investment that just doesn't do much compared to putting money in the stock market or elsewhere.

Are y'all buying at this stage primarily as a hedge against inflation?
Something to trade when the SHTF?
Anyone buying gold and silver for trading and riches kinda has it backwards to my simple mind. I buy to keep from being poor.

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