NM. Misread.
Trump will fix it.
Buying physical gold/silver
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Last: 11 min ago by Yukon Cornelius
Just pulled the trigger on two 10oz silver bars from Costco $319 a piece. Never bought any physical precious metals before other than getting coins here and there from the bank.
Passed on buying gold in Dubai at the souk. The haggling is no longer based on spot price and it isn't the deal it once was, other than playing the tax and exchange rate game. On necklaces, bracelets and earrings; it's all 21-22k. I don't care for - $3000 bracelet in 22k, when 14k would do just fine.
That's a great buy and a good start! Costco is throwing out some really good deals. It's been awhile since I've bought 10 oz bars; maybe around late 2023. I got a pretty fair deal on the certified Argor-Heraeus bars.aggieiniowa said:
Just pulled the trigger on two 10oz silver bars from Costco $319 a piece. Never bought any physical precious metals before other than getting coins here and there from the bank.
Off subject
Does anybody know how or where I can get this last coin
I think I have tried every avenue but maybe not if somebody cannhelp me
Does anybody know how or where I can get this last coin
I think I have tried every avenue but maybe not if somebody cannhelp me
maddiedou
Here is the first page Of the book
maddiedou
https://www.rubylane.com/item/2194336-00368/Date-1938-Silver-British-Half-Crown
Is this the coin you are looking for?
Is this the coin you are looking for?
Yes. But no
It maybe just hard to get because I think it was a special mint just for this book
They are all sterling silver with a date on the front from when they served
It maybe just hard to get because I think it was a special mint just for this book
They are all sterling silver with a date on the front from when they served
maddiedou
There are some rumblings of a large gold transfer from London to the US. Not sure why just yet but, something smells. News says they are trying to move the gold before tariffs hit but, I didn't think tariffs would impact gold and silver. Any ideas?
Also, gold and silver are experiencing a fairly strong uptick.
Also, gold and silver are experiencing a fairly strong uptick.
The unipolar / globalist world is breaking up. We are headed backwards into mercantilism, and those who have a claim to precious metals want them back in their own jurisdiction(s). So, London is losing their control over the PM markets. Yes some of it IS tariff related but that's also a Wall St. talking point to cover up the previous-mentioned reason(s)
Since Trump won, COMEX gold futures have been trading at significant premium to London spot. So the big banks that are long physical gold at spot in London are selling COMEX futures at a premium. Then they are flying their gold to the US for physical settlement. Big arbitrage opportunity. JP Morgan is delivering $4bln in gold bullion to NY for February settlement.
Similar situation happening in silver. Traditionally silver is transferred from trading hubs via ships. However futures premium so much that they have stated flying silver for delivery and settlement.
Similar situation happening in silver. Traditionally silver is transferred from trading hubs via ships. However futures premium so much that they have stated flying silver for delivery and settlement.
Here we go.
Added video above.
That is awesome. So fear of gold tariffs has resulted in more gold being sent to the USA. Winning.
Trump will fix it.
Gold another spike on physical stockpiling identical to that seen during the covid panic
— zerohedge (@zerohedge) January 31, 2025
At this rate $3000 in weeks if not dayshttps://t.co/MtUfYjSDgv pic.twitter.com/UfRQ7bgC0L
Physical inventories in the COMEX depositors have risen by 14 million ounces (approx $39bln) since the day of the election.
I think Trump is going to make gold and silver important again.
Give your gold and silver price by the end of Trump's 4 year term.
$80 silver
$4500 gold
Give your gold and silver price by the end of Trump's 4 year term.
$80 silver
$4500 gold
I will play
Silver 27-34
Gold. Dont care
But if your right my depository will be empty
Silver 27-34
Gold. Dont care
But if your right my depository will be empty
maddiedou
Same.
But priced by a new constitutional dollar backed by G/S/CryOIL
But priced by a new constitutional dollar backed by G/S/CryOIL
Thinking of trading some of my old ugly APMEX silver bars and Pioneer silver bars for US Platinum Eagles. Anyone conducted a trade back w/ APMEX before? Any tips or tricks?
Thank you!
Thank you!
LETTUCE PRAY said:
User name checks out!
It's not an outlandish meme, when looking at the actual data.
In price: The historical average Gold to Silver price ratio is roughly 15:1
In actual mining production: Geologists estimate that there are approximately 19 ounces of silver for every ounce of gold in the earth's crust, with a ratio of approximately 11.2 ounces of silver to each ounce of gold that has ever been mined.
In price: The historical average Gold to Silver price ratio is roughly 15:1
In actual mining production: Geologists estimate that there are approximately 19 ounces of silver for every ounce of gold in the earth's crust, with a ratio of approximately 11.2 ounces of silver to each ounce of gold that has ever been mined.
LETTUCE PRAY said:
It's not an outlandish meme, when looking at the actual data.
In price: The historical average Gold to Silver price ratio is roughly 15:1
In actual mining production: Geologists estimate that there are approximately 19 ounces of silver for every ounce of gold in the earth's crust, with a ratio of approximately 11.2 ounces of silver to each ounce of gold that has ever been mined.
Oh, I support the price! I'd love to see it hit there! I just liked your Username, and thought I'd highlight it!
Just recently got back on TexAgs. I used to post under the moniker "FAT SEXY"
It's nice seeing this thread with over 2300 replies.
Screenshot from back in the day when it was sitting at .999 Fine
Screenshot from back in the day when it was sitting at .999 Fine
My tip…. don't. They screw you on the percentages. I've sold to Apmex and JM over the years. I won't sell or trade with them again. Nothing bad happened, but the house always wins. I sell mine in person or on Reddit and use the cash to buy what I am wanting.
Anyone elses dream to own a coin shop?
I thought about it at one time but, decided to just stick with what I'm good at and continue stacking.Outdoorag011 said:
Anyone elses dream to own a coin shop?
I thought your talents were throwing tortillas and catching STD's?TTUArmy said:I thought about it at one time but, decided to just stick with what I'm good at and continue stacking.Outdoorag011 said:
Anyone elses dream to own a coin shop?
Dabbling in coins as a storefront could be appealing to me in the "twilight years" of my work career.
If I were Mid 50's and established, I think it could potentially be fun starting a shop. Playing within the spread, giving knowledge to the younger stacker while I sell them nice pieces (For a fair market price of course)
There is that "back of the mind" worry about protecting you and your storefront. A coin shop should only be opened with care, in both selection of location and the layout of the building.
If I were Mid 50's and established, I think it could potentially be fun starting a shop. Playing within the spread, giving knowledge to the younger stacker while I sell them nice pieces (For a fair market price of course)
There is that "back of the mind" worry about protecting you and your storefront. A coin shop should only be opened with care, in both selection of location and the layout of the building.
I thought seriously about it at one time, and then one of the local coin/bullion dealers was followed home and murdered in his driveway…in one of the statistically safest suburbs in north Texas. His business partner was telling me how stressed they had become over safety even before the murder.Outdoorag011 said:
Anyone elses dream to own a coin shop?
What's going on with gold? Surely you have heard..
JPMorgan Plans $4 Billion US Gold Delivery Amid Tariff Fears
Gold withdrawal slots booked up at Bank of England over Trump's tariff threats | CNN Business
Watch Why Gold In Bank Of England's Vault Is Trading At A Discount - Bloomberg
Why is there all the sudden massive deliveries oh physical? Mass demand? Surely its inflation fears right? Even though history shows gold peaking and reversing when fear is at its highest. Are we in the beginning stages of what we all knew was coming?
Or is China executing a massive squeeze like Dario suggests?
Either way, you will know the end of the bull is approaching when silver catches up. It always happens. The gold to silver ratio will spike down to 40 or lower. In the middle of an uptrend, it usually happens the same day as a minor top and sometimes even after it (blue lines). But for a major top, the ratio bottoming is a warning that you have 100-200 days until the top with a massive drop in both gold and silver incoming.
I don't know how high gold and silver will go, but I know silver will hit $40+, and it will likely do it while gold is flat, in a small uptrend, or declining. Silver is the last rotation of the metals bull. Gold ALWAYS leads. Miners and silver follow. When you see miners and silver spiking, you are likely in the year that the top will be seen in metals. 2025-2026 is the likely timeline.
Stack physical. Keep your physical. Nobody knows if the next top will be a major one or just a multi year drop into consolidation. I think it will be a major one personally. But physical isn't for generating returns. It's for hedging the entire system. Holding the longest running store of value in the history of time. It's value in dollars doesn't matter. It maintains it's value no matter what the dollar and financial markets are doing. You might not be able to trade it in for as much phony US money as you would at the top, but that would be because America is undergoing deflation and the dollar is strengthening. In that case, ya, you might not be able to sell your physical for as much.. but your purchasing power will be much stronger. So it's a wash. Why? Because gold holds its value. The value of the dollar is meaningless.
But your trading positions, ya, there will be a time to GTFO.
JPMorgan Plans $4 Billion US Gold Delivery Amid Tariff Fears
Gold withdrawal slots booked up at Bank of England over Trump's tariff threats | CNN Business
Watch Why Gold In Bank Of England's Vault Is Trading At A Discount - Bloomberg
Why is there all the sudden massive deliveries oh physical? Mass demand? Surely its inflation fears right? Even though history shows gold peaking and reversing when fear is at its highest. Are we in the beginning stages of what we all knew was coming?
Banks now have a new record high net short position in #Gold. pic.twitter.com/wklJHCf54l
— David Brady (@GlobalProTrader) February 8, 2025
The Bank Of England cut rates while increasing their inflation expectations
— JustDario 🏊♂️ (@DarioCpx) February 7, 2025
If you think they did this to support UK economic growth then remove your beer goggles:
- BOE run out of gold leading in the market inventory it didn’t own and is now short
- BOE is actively injecting… pic.twitter.com/xaMri6loW8
After more than one and a half year since this post (when the price was ~1,800) and I flagged the huge bid from China for physical after going there in person to check now gold is at ~2,900 and you can feel the FOMO is spreading
— JustDario 🏊♂️ (@DarioCpx) February 7, 2025
Always #DYOR that’s the safest way to make profits https://t.co/6KE3sfXw08
Or is China executing a massive squeeze like Dario suggests?
China squeezing the Bank Of England on its short gold positions wasn’t in my bingo card for 2025 https://t.co/UhtfhKcnGB
— JustDario 🏊♂️ (@DarioCpx) February 7, 2025
Either way, you will know the end of the bull is approaching when silver catches up. It always happens. The gold to silver ratio will spike down to 40 or lower. In the middle of an uptrend, it usually happens the same day as a minor top and sometimes even after it (blue lines). But for a major top, the ratio bottoming is a warning that you have 100-200 days until the top with a massive drop in both gold and silver incoming.
I don't know how high gold and silver will go, but I know silver will hit $40+, and it will likely do it while gold is flat, in a small uptrend, or declining. Silver is the last rotation of the metals bull. Gold ALWAYS leads. Miners and silver follow. When you see miners and silver spiking, you are likely in the year that the top will be seen in metals. 2025-2026 is the likely timeline.
Stack physical. Keep your physical. Nobody knows if the next top will be a major one or just a multi year drop into consolidation. I think it will be a major one personally. But physical isn't for generating returns. It's for hedging the entire system. Holding the longest running store of value in the history of time. It's value in dollars doesn't matter. It maintains it's value no matter what the dollar and financial markets are doing. You might not be able to trade it in for as much phony US money as you would at the top, but that would be because America is undergoing deflation and the dollar is strengthening. In that case, ya, you might not be able to sell your physical for as much.. but your purchasing power will be much stronger. So it's a wash. Why? Because gold holds its value. The value of the dollar is meaningless.
But your trading positions, ya, there will be a time to GTFO.
Heineken-Ashi said:
But your trading positions, ya, there will be a time to GTFO.
Which PM stocks are you in?
Simple approach for me currently: DCA basket of mining ETFs. Equal inputs on SIL, GDX, GDXJ and COPX. I also have positions in PALL and PPLT.
Do any of y'all invest in individual companies? This could be Mining and/or Royalties
TTUArmy
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