Pepper Brooks said:
I've got some silver coins I'll be looking to unload at some point. In DFW.
Should we go ahead and build a roster of folks who would prefer to buy/sell in person? I'll take BTC for my silver.
You should stay diversified.
Buying physical gold/silver
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Last: 50 min ago by aunuwyn08
You should stay diversified.
I would be interested in sending BTC for silver. I am in Houston but would be interested in paying a reasonable shipping rate, too.
What were you looking to get? And what coins do you have?
What were you looking to get? And what coins do you have?
I'm not going to pull the trigger just yet but are you in the telegram group or discord?
I come down to Houston every few months to see in-laws.
I come down to Houston every few months to see in-laws.
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Silver only up about a dollar today. No big deal.
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Giving it all back today?Red Pear Realty said:
Silver only up about a dollar today. No big deal.
PM's are a marathon...not a hundred yard dash.Aggiemike96 said:Giving it all back today?Red Pear Realty said:
Silver only up about a dollar today. No big deal.
What do you guys think about buying generic silver for as cheap as possible vs paying a premium for silver eagles or maples?
1. Buy pre-1964 silver coins and physical silver bullion until wife threatens divorce (mileage will vary).
2. Selectively stack American Silver Eagles from time to time after that.
2. Selectively stack American Silver Eagles from time to time after that.
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I think it depends on the purpose of your buying and how you intend to use them later. If you're buying because you think the world is going to end and you're going to have to barter in a post apocalyptic scenario, then you should probably buy something recognizable in smaller denominations. But if you're buying to stack cheaply so that you can sell back to the coin shop (who has the ability to test your silver to make sure it's real), then doesn't matter as much.
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Silver is an ultra marathon. Price is about the same as it was 10 years ago when I started buying sporadically.Quote:Aggiemike96 said:Quote:
Red Pear Realty said:
Silver only up about a dollar today. No big deal.
Giving it all back today?PM's are a marathon...not a hundred yard dash.
$2,400 gold today?
So true lol my wife thought I had lost my mind a few years ago but she gets it now and doesn't say a word.jagvocate said:
1. Buy pre-1964 silver coins and physical silver bullion until wife threatens divorce (mileage will vary).
2. Selectively stack American Silver Eagles from time to time after that.
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All it took was WW3 kicking off to make it happen.
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Silver at an almost decade-long weekly high close last evening
I've got a 1oz Gold Buffalo coin I want to flip into some A/C repairs before summer. Does anyone have any spring, tx recommendations on how/who to sell to?
Having dealt in constitutional silver for five decades, I just wanted to note that at 22 times face….the .7735 ounces of pure silver in one dollar face value prices the silver at spot. This is a fairly rare occurrence. Quite a few dealers are pricing constitutional silver at 22 right now.
This usually means that dealers are keen to sell their constitutional at a nice profit since their profit spread is likely greater as prices rise (inventories purchased at lower badis). And, they are hesitant to purchase new inventory that considers the recent increases. As prices stabilizes at new higher spot, the constitutional will rise without increases in spot as they work their way through their inventory. So you get the upside of both time and potential spot increases.
In short, great buying opportunity….poor selling opportunity.
This usually means that dealers are keen to sell their constitutional at a nice profit since their profit spread is likely greater as prices rise (inventories purchased at lower badis). And, they are hesitant to purchase new inventory that considers the recent increases. As prices stabilizes at new higher spot, the constitutional will rise without increases in spot as they work their way through their inventory. So you get the upside of both time and potential spot increases.
In short, great buying opportunity….poor selling opportunity.
Orome said:
I've got a 1oz Gold Buffalo coin I want to flip into some A/C repairs before summer. Does anyone have any spring, tx recommendations on how/who to sell to?
Houston coin and jewelry pays like 98% of spot you can get a bit more from an individual but that's pretty quick and painless
Depending on how much the repairs are, you might be able to pay with the gold coin. I have paid with gold or silver a couple of times on service calls. I've noticed in my area of Texas, a lot of the small business owners are older and they themselves stack gold/silver. One guy said "hell yeah" when I asked about paying with silver haha. I'm not sure the younger owners would be as willing.
Since man landed on the moon, Gold wins
Which lines are which on that chart? And where did you get it? It would be nice to be able to verify the data.
I'm a bit of a gold bug myself but I am highly skeptical of that chart. I've owned a small bit of gold since the 80s and it has not done nearly as well as the S&P, I don't think.
I'm a bit of a gold bug myself but I am highly skeptical of that chart. I've owned a small bit of gold since the 80s and it has not done nearly as well as the S&P, I don't think.
Gold is … yellow.
S&P is red. DJIA is blue. Silver is silver. All from trading view, and the numbers are legit.
If you bought gold in the early 80s it took you well over two decades to break even, which is why we have post after post in this thread recommending buying precious metals whwn they are down and to not chase price. Makes a huge difference. .
S&P is red. DJIA is blue. Silver is silver. All from trading view, and the numbers are legit.
If you bought gold in the early 80s it took you well over two decades to break even, which is why we have post after post in this thread recommending buying precious metals whwn they are down and to not chase price. Makes a huge difference. .
long video, but great experts talking gold and silver and why this will explode.
Sounds like the Fed is screwing us. BRICS is making oil into a gold currency.
Last 6 weeks, shorts have lost 5B on silver and 17B on gold. They have to cover right?
Speakers: Pierre Lassonde, Eric Sprott, Michael Oliver, Luke Gromen & Ned Naylor-Leyland
Sounds like the Fed is screwing us. BRICS is making oil into a gold currency.
Last 6 weeks, shorts have lost 5B on silver and 17B on gold. They have to cover right?
Speakers: Pierre Lassonde, Eric Sprott, Michael Oliver, Luke Gromen & Ned Naylor-Leyland
Total return? Price return? Dividends reinvested?
A noble spirit embiggens the smallest man.
Gold: simply the higher price over same amount of time owned. Everyone says Gold is a bad investment ... price says something different.billikenag said:
Total return? Price return? Dividends reinvested?
OK. I think you answered my question--the graph you provided is a price return chart which constitutes a chart crime.
The long term average dividend yield on the S&P is 1.84%. The long term dividend yield on the DJIA is somewhere around 2.5%.
Redo the charts as total return and total return with dividends reinvested and see how they change.
Gold is an important part of my portfolio. But gold is a small part as a "less correlated", lower tech store of value because it is still a non-productive asset.
Any new investors reading this thread, taking it (IMO) the wrong way, and getting ready to go full-on, Ron Paul goldbug--please watch to this compilation of the masters on the subject:
The long term average dividend yield on the S&P is 1.84%. The long term dividend yield on the DJIA is somewhere around 2.5%.
Redo the charts as total return and total return with dividends reinvested and see how they change.
Gold is an important part of my portfolio. But gold is a small part as a "less correlated", lower tech store of value because it is still a non-productive asset.
Any new investors reading this thread, taking it (IMO) the wrong way, and getting ready to go full-on, Ron Paul goldbug--please watch to this compilation of the masters on the subject:
A noble spirit embiggens the smallest man.
I agree
maddiedou
Americans on average have less than 1% of their net worth in precious metals. We are far from Ron Paul goldbug territory,
Very similar to my response on the "Stock Markets" thread, when jagvocate posted the same chart:billikenag said:
OK. I think you answered my question--the graph you provided is a price return chart which constitutes a chart crime.
The long term average dividend yield on the S&P is 1.84%. The long term dividend yield on the DJIA is somewhere around 2.5%.
Redo the charts as total return and total return with dividends reinvested and see how they change.
Gold is an important part of my portfolio. But gold is a small part as a "less correlated", lower tech store of value because it is still a non-productive asset.
Any new investors reading this thread, taking it (IMO) the wrong way, and getting ready to go full-on, Ron Paul goldbug--please watch to this compilation of the masters on the subject:
Quote:This is the key question. Goldbugs conveniently like to exclude this factor when doing comparisons.Quote:
bigtoneag said:
Does that include stocks paying dividends?
Since 1970, the S&P returned around 7.5% annually, but with dividends reinvested, it's about 10.5%.
Any chart that doesn't use total returns is flawed.
I'm not a goldbug, but I do hold GLD, s couple miners, and some physical gold - - point is, it's a good part of an overall portfolio, but anyone making a binary choice between the S&P and gold is likely doing themselves a disservice.
jagvocate: You're a good poster. Do better.
On a thread about buying physical gold and silver I'm told to "do better" because I point out that since 1969 and since 2000 (a previous post back in the thread) gold has been a fine investment? I wish everyone financial success, but if you have a better investments take and you come here to kick gold--overtly or in a subtle manner-- maybe go try the rest of this board. And tell us how you're better because you bought NVDA or Bitcoin or whatever it is you like better than true wealth
Just be factually complete - that's all anyone can ask. If you actually read what I wrote, I am in no way "kicking gold", and in fact, hold several investments in the commodity.jagvocate said:
On a thread about buying physical gold and silver I'm told to "do better" because I point out that since 1969 and since 2000 (a previous post back in the thread) gold has been a fine investment? I wish everyone financial success, but if you have a better investments take and you come here to kick gold--overtly or in a subtle manner-- maybe go try the rest of this board. And tell us how you're better because you bought NVDA or Bitcoin or whatever it is you like better than true wealth
You were specifically bashing an alternative, purposely (?) using incomplete facts. That's where I'm asking you to do better.
Which would you prefer to have, 2 Gold Buffalos, or 133 Silver eagles or 146. silver buffalo bullion…Just curious…
133 silver eagle
They have a collector value somewhat
Gold bullion and silver bullion is just that
They have a collector value somewhat
Gold bullion and silver bullion is just that
maddiedou
133 ASE's
Gold moves first, Silver farther
Gold moves first, Silver farther
Another vote for 133 Silver Eagles.
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