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Buying physical gold/silver

346,838 Views | 2256 Replies | Last: 9 min ago by aunuwyn08
AggieT
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In reply to Orome • 10:21a, 11/6/23
AG
Follow this website:

findbullionprices

1. The prices fluctuate constantly. Buy the dips when they happen.
2. This is all a long term play. Nobody is making money flipping gold and silver.
3. Pay attention to the Gold/Silver Ratio. It is high right now (85+) signaling that silver is "cheap" relative to gold.
4. Most think that silver could have huge upside potential as the price is heavily manipulated. There are also countless industrial uses for silver, and demand is expected to outstrip supply in the near future.
5. Avoid high premiums (markup over the spot price).
6. Consider a Walmart credit card. Several large dealers sell there online, and you get 5% cash back. This also avoids shipping delays waiting for wire transfers/ACH payments to clear.
7. Dollar cost average. Figure out what and how much you want, and buy on a regular basis.
8. Only buy from reputable sources. Tons of scams on eBay, etc. The link above lists reputable dealers with reviews for each. APMEX, JD Bullion, Bullion Exchange, Monument Metals are all fine.
9. Have an exit strategy.

Once you hold this stuff in your hand you will be hooked.
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Orome
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In reply to AggieT • 11:45a, 11/6/23
AG
Thank you that's exactly the type of content I was looking for!
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techno-ag
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In reply to Orome • 12:13p, 11/6/23
AG
ChatGPT is no help.

Quote:
The thread you provided is a discussion on the TexAgs Business & Investing forum about buying physical gold/silver. The thread has 1367 replies and 174,575 views as of the last update 1. Unfortunately, I am not able to provide a summary of the thread as it is too long and contains a lot of information. However, you can read through the thread to find the information you need.

Is there anything else I can help you with?
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Apache
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In reply to AggieT • 4:20p, 11/6/23
AG
Quote:
9. Have an exit strategy.
1. Societal collapse
2. Profit?
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6
Well, okay then
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In reply to Apache • 6:44p, 11/6/23
AG
Apache said:
Quote:
9. Have an exit strategy.
1. Societal collapse
2. Profit?
Me: pass to heirs!
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Red Pear Realty
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7:22p, 11/12/23
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$0.99 over spot:

https://bullionexchanges.com/100-oz-royal-canadian-mint-rcm-silver-bar
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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Andrew Dufresne
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In reply to Red Pear Realty • 12:59a, 11/13/23
Need about 10 of these just to see what they look like stacked up.
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jagvocate
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In reply to Andrew Dufresne • 2:13a, 11/13/23
AG
Andrew Dufresne said:
Need about 10 of these just to see what they look like stacked up.
They're beautiful. I don't have 10 but Royal Canadian Mint makes some of, to my eye, the prettiest bullion
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jagvocate
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10:31a, 11/14/23
AG


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Red Pear Realty
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3:17p, 11/15/23
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Kilo at spot deal:

https://www.apmex.com/product/247005/1-kilo-cast-poured-silver-bar-apmex-at-spot
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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jagvocate
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9:59p, 11/22/23
AG
Forgive the gold stock talk, but I dipped a toe into Newmont Gold here this week (NEM)

https://schrts.co/YXviQtRh
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Ted Lasso
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7:07a, 11/24/23
AG
10 oz bars at spot on APMEX now. Max 3

Edit: sold out
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jagvocate
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9:12a, 11/24/23
AG


Silver woke up this a.m.
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TTUArmy
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8:22a, 11/27/23
$25 silver this morning...nice!!
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Red Pear Realty
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11:40a, 11/28/23
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This is what unabashed price manipulation looks like.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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redsquirrelAG
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8:06a, 11/29/23
AG
Keep it going baby.
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Snake Jazz
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In reply to AggieT • 1:13p, 11/29/23
AG
AggieT said:
Follow this website:

findbullionprices

1. The prices fluctuate constantly. Buy the dips when they happen.
2. This is all a long term play. Nobody is making money flipping gold and silver.
3. Pay attention to the Gold/Silver Ratio. It is high right now (85+) signaling that silver is "cheap" relative to gold.
4. Most think that silver could have huge upside potential as the price is heavily manipulated. There are also countless industrial uses for silver, and demand is expected to outstrip supply in the near future.
5. Avoid high premiums (markup over the spot price).
6. Consider a Walmart credit card. Several large dealers sell there online, and you get 5% cash back. This also avoids shipping delays waiting for wire transfers/ACH payments to clear.
7. Dollar cost average. Figure out what and how much you want, and buy on a regular basis.
8. Only buy from reputable sources. Tons of scams on eBay, etc. The link above lists reputable dealers with reviews for each. APMEX, JD Bullion, Bullion Exchange, Monument Metals are all fine.
9. Have an exit strategy.

Once you hold this stuff in your hand you will be hooked.
I'm also new to this...I'm about to sell some family property and want to put a significant portion of that sale into gold or silver, but as I started looking at this, it seems way more complicated than I expected.

I was just going to go through Birch or Rosland or one of the other companies that are always advertising...am I to understand that they are overpriced?

Buy gold and silver from WalMart? That feels odd.

Are there any particular coins that are better than others?

Any help anybody can provide would be appreciated.
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ac04
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1:23p, 11/29/23
buying from walmart with 5% back and free shipping is brilliant, wish i had thought of that a long time ago. i have been checking it periodically since that post and the 5% back usually brings the price below spot.
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Jabin
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In reply to Snake Jazz • 1:23p, 11/29/23
Some of the answers to your questions depend on your reasons for buying gold and silver.

Are you buying simply to store bullion as an investment?

Or are you buying to have "currency" in the event of an end-of-the-world scenario?

If the former, buying bars or other large pieces at the lowest possible price is probably smart.

If the latter, buying coins that will be easily recognizable may be better, even if you pay a higher price than spot. For example, American eagles in 1/10 oz. will always be recognizable and accepted, and are low enough in value that they can actually be used in transactions.

Another strategy might be some combination of the two.
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Snake Jazz
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2:39p, 11/29/23
AG
Thank you for your answer.

I'm probably in agreement with your last sentence. I'm looking at this as a stable investment until we get into better economic times, and I'm prepared to lock it in my safe for years. But, I probably should have a little bit in stuff that is easier to sell in case I needed it.
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RoyVal
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6:51p, 11/29/23
AG
..
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Todd 02
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In reply to ac04 • 4:29p, 11/30/23
AG
ac04 said:
buying from walmart with 5% back and free shipping is brilliant, wish i had thought of that a long time ago. i have been checking it periodically since that post and the 5% back usually brings the price below spot.
Is it really just as simple as getting a Walmart CC and paying with that?
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AggieT
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4:41p, 11/30/23
AG
Yes.

The same places that charge cc fees on their own sites (APMEX, etc.) sell on Walmart.com. No fees, free shipping, and 5% cash back.

https://www.capitalone.com/credit-cards/walmart-rewards/
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jagvocate
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10:00a, 12/1/23
AG
I get fiat money back to purchase real money?

#mindblown
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Red Pear Realty
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3:28p, 12/1/23
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Gold at $2,081

Silver at $25.68
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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TTUArmy
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4:07p, 12/1/23
$2,100 by year end?
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Red Pear Realty
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In reply to TTUArmy • 6:14p, 12/1/23
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TTUArmy said:
$2,100 by next week?
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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ChiefKiefton
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5:36p, 12/3/23
Gold going cray cray
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Aggiemike96
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In reply to Red Pear Realty • 5:43p, 12/3/23
AG
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!
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Red Pear Realty
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In reply to Aggiemike96 • 5:48p, 12/3/23
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Aggiemike96 said:
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!


You're telling me. Up over $50 an ounce. Wow.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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TTUArmy
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7:21p, 12/3/23
I'll take it!
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Aggiemike96
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In reply to Red Pear Realty • 10:13a, 12/4/23
AG
Red Pear Realty said:
Aggiemike96 said:
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!


You're telling me. Up over $50 an ounce. Wow.
And now down about $50. What a ride the past 16 hours. Yikes!
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Red Pear Realty
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In reply to Aggiemike96 • 10:20a, 12/4/23
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The machine can't let that spike happen.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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jagvocate
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In reply to Aggiemike96 • 10:57a, 12/4/23
AG
Aggiemike96 said:
Red Pear Realty said:
Aggiemike96 said:
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!


You're telling me. Up over $50 an ounce. Wow.
And now down about $50. What a ride the past 16 hours. Yikes!


Buy dips,
Not rips
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TTUArmy
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In reply to Red Pear Realty • 11:42a, 12/4/23
Red Pear Realty said:
The machine can't let that spike happen.
It goes like that with paper gold and silver. One of these days, maybe in the near future, those naked shorts are going to get squeezed and make things real interesting. Just not today...
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