/Precious Metals General/ PMG

Skullbone
Skullbone

Are Gold And Silver gonna gain or lose, overall, this year?

Tell me faggots, I want to invest.

Also, Precious Metals General, THE place to discuss the end of the financial world, and/or marginal financial gains over time... Ya know, whatever you're here for! Also, circle jerking over anons stacks is always fun!

Other urls found in this thread:

reppa.de/deutsche-muenzen/deutsche-mark/dm-gedenkmuenzen/5-dm-silber/?p=1
apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Osmium &Market=EIB
youtube.com/watch?v=G1dUtRRms7g
mega.nz/#F!DpAz2IgQ!nW7bPNnpJFk5CAV3ypiaHw
youtube.com/watch?v=dQw4w9WgXcQ

Raving_Cute
Raving_Cute

Is gold/silver a good investment for a young adult like me to make? Why or why not?

TalkBomber
TalkBomber

Silver and Gold are still in a pull back so I am expecting for silver especially to fall greater than it did the previous week.

(btw, the gold and silver price increase this week due to the increase interest rates of US bonds; The current state of the market is very bullish in my opinion)

PurpleCharger
PurpleCharger

It rose just today, but my question is, if it were falling, how far is it gonna drop?

Fuzzy_Logic
Fuzzy_Logic

They are, after youve watched some YouTube documentaries on how the federal reserve works, I recommend Mike Maloneys videos, but there are other good ones as well.

Before I watched them, I never understood the appeal of gold and silver honestly. That was a pretty hard redpilling, scary shit man.

Stupidasole
Stupidasole

From what I am seeing, atleast to the 15 dollar mark. If your looking for more information I suggest watching the latest "Mike Maloney" video on the You Tubes.

Where did you hear about getting into precious metals?

AwesomeTucker
AwesomeTucker

Prices falling! Anyone know of any sales going on?

GoogleCat
GoogleCat

Gold/silver isn't an investment. It's speculation that you can use as a hedge against the market.
Then you keep researching and realize that people like Mike Maloney are shills for gold.

King_Martha
King_Martha

Precious metal has become a wild card. Shorting it on leverage pays interest. Owning physical for the long-term has paid people historically.

It probably won't go below $1,150 any time soon.

Evilember
Evilember

This doesnt take any research, based Maloney tells you that he does, in his videos.

Theres also dozens of great videos by other people if you dont like him for whatever reason

TalkBomber
TalkBomber

Yeah, I've seen them as well as read articles. I'm well aware of how the federal reserve operates, and it doesn't make me want to have a large position in PMs.

Illusionz
Illusionz

How do I invest in gold on the ASX?

idontknow
idontknow

dude, you call yourself woke? search youtube for flat earth documentaries

lostmypassword
lostmypassword

Want
But can't really justify the huge markup just because of it's rarity (only 588 minted). You can almost buy 2 Oz's for the price of this 1 Oz. Does look nice though.

JunkTop
JunkTop

I came across some coins I want that can only be found for wayy more than they're worth in weight too
oh well

Soft_member
Soft_member

So long as you realize this - and you're not one of those goys who thinks they'll ever see money above a coins weight unless they're prepared to put in some real time/effort to sell it...

Emberfire
Emberfire

gold/silver is completely useless.

buy XOM. OIL is the only commodity that matters really.

SniperGod
SniperGod

Also, circle jerking over anons stacks is always fun!
aaamen, brotha!

WebTool
WebTool

picture dump incoming

farquit
farquit

Meh oil and power companies are always a good investment for its always needed,in my country they are an even better investment due to corrupt politicians tending to land their careers in the "competing"companies therby ensuring they get to do whatever they want like getting government money so as not to raise prices and end up raising consumer prices anyway because oil became more expensive (if it became cheaper they wouldn't give back the money to go the gov)
But still if you're a tin foiled conspiracy loony moronic like myself and belive there's a huge bubble about to burst in the middle of some cultural clash,that will hurt the already difficult integration based on we give you free houses and money please become as degenerate as we are and don't kill many people.
If such thing happens physically having your assets will be more than appreciated.

Some of my little begginers stack no bully,it's grown bigger on the bottom silver coins aspect but i don't have it all in one picture.

Now I'm investing in lead and iron because of muh uprisings and upheavals and muh guns,but I'm planing to buy any offer I find of dirt cheap underspot silver I can find on the internets (yesterday I bought 75 grams of silver for 25 euros)
2 and around one third ounces for 26 and something dollars.

So basically I got half the store price since at store I could only get the same at 9,85 euros. Thanks to 21%taxes

w8t4u
w8t4u

Yes, lets measure dicks but not as impressive as yours

Nice stack too

RavySnake
RavySnake

About $5.00 in change

RumChicken
RumChicken

I have 154.3 ounces (4799 grams) silver

3.42 ounces of gold 106.58 grms
I started on January this year,when my red pilling made me want to try some jewjitsu,specially with so many elections in europe I guessed I much rather have some safe cushion on wich to hold myself.
I do envy you americans get to buy silver and gold quite cheap and in many many forms due to competition and private companies and refineries,here in europe they fuck you with some 21%taxes on silver (so you end up trying to buy old coins on the internet for sports or underspot) and no gold taxes but still all comes down to few companies and state mints,not the cheapest options...
Also salaries tend to be lower due to taxes specially if southern yurop or like myself.

CouchChiller
CouchChiller

generic rounds are a bad buy.

TechHater
TechHater

the meme is real

PurpleCharger
PurpleCharger

I count at least 67 only on face value and that's only counting the half dollars and the 50 dollar gold coin.
Working retail does wonders at counting change with just one glance.

haveahappyday
haveahappyday

It is only the matter of time the (((IRS))) fucks with the US metal market if they are desperate for tax. I am in my early 20's and brought up what I can. I am more focused on crypto as it gave me better returns but would sell off btc before I sell off silver.

The only generics are the 10oz bars. The rounds are eagles, maples and britannias.

hope my Id stays the same

Boy_vs_Girl
Boy_vs_Girl

My modest stack. Can't be fucked taking a pic of my Silver although I have a bout 40 Oz. Dunno If I'm going to buy any more Silver due to the fucking milk spots ruining the beauty of them after a year or 2. For some reason though, this only seems to effect Maples and Britannias so might just stick to Eagles if I do buy more in the future. Why the fuck are the Canadian and Royal mint afflicted by milk spots but not the US? Some kind of difference in manufacturing process?

kizzmybutt
kizzmybutt

It is only the matter of time the (((IRS))) fucks with the US metal market if they are desperate for tax.
Being a bong, Britannias and Sovereign's are legal tender and are thus VAT and Capital Gains Tax exempt which is why they're the only Gold I buy. Of course, that could change in the future but I don't have a crystal ball and if they were to make that move then wider society would probably be facing bigger problems for me to worry about.

takes2long
takes2long

Increase of interest rates would've decreased the price of gold and silver as the dollar would be stronger. The price rose because the debt ceiling is being increased again.
Silver dropped over $1.50 in price because the market was flooded with paper shares intentionally keeping the price low.
why not own something that's real?
love Philharmoniks, picked myself up a tube of 20.
Arizona just abolished the capital gains tax on precious metals. Hoping for the idea to go nation wide.
Silver is going to become more of a rare commodity than gold in the next few years. Would highly suggest stocking up on more.

TreeEater
TreeEater

Apart from whatsaid,yes it's mainly those 2 mints,it's been said it has to do with the manufacturing process and their attempt to purify silver, basically they had a tonne of complains,and they investigated the answer after all that was well its meant to be cheap so f you(very chinese answer by the way)it's a pity specially since they are really really beautiful coins and in old coins that didn't happen.
I'm a yuro so philas are the cheapest option,actually I personally don't like them that much but that's the cheapest way to bulk up in europe if you wanna buy 1 ounce coins store front,the other option is buying the equivalent of "junk"silver that would be thee other coins at the pic wich you might or might not have seen before(I have 240 of them pro is everyone holds them,they literally pop up all over the place,people have them unknowingly,widows get them,people inherit them etc etc it was the last widely circulated yuropean silver coin,and thus it's the best value for the buck you can get,also if sold out of the country it might get some premium due to it being only common in my country and having collectors value outside of it,although I kind of dislike that option since its a historical piece and i wish for it to remain here... (that's why morons remain poor ahhaha)
Ron Paul pushed for it right?it's already a meme but...fuck It man,he really thought outside of the box and would have made for a real great president,one that would have downsized the gov,like the founding father's wished for,i doubt it would go nation wide,too many interest against it but I wish I was wrong.

They say so about silver,I agree but don't believe all they say,if silver went more rare and expensive they'll simply use other options that will become more cheap due to rising prices specially in its industrial uses. Personally i stack silver but,i hate to be blindfolded by my own wishes into believing what I wanna hear,hopefully prices will catch up with reality

Inmate
Inmate

Gain like the motherfucker.

Who's prepared for Trumpflation?

likme
likme

Increase of interest rates would've decreased the price of gold and silver as the dollar would be stronger. The price rose because the debt ceiling is being increased again.
Also increased interest rates will cause inflation because the economy is such a debt ridden shithole that it relies on these incredibly low interest rates.

Methnerd
Methnerd

I bet this is bullshit

Booteefool
Booteefool

wasn't my stash. just reposting other ppl's posts

MPmaster
MPmaster

did you also know that 52 pesos is worth about 5 american cents?

farquit
farquit

moar reposts

RumChicken
RumChicken

PMGOLD

The Perth Mint put this on the market. It tracks the physical price fairly closely and if you stump up to the mint with your paper they will exchange it for you.

TechHater
TechHater

Price of gold shares/derivatives rocketing right now, possible recession incoming I reckon

FastChef
FastChef

all those nice large bars…
Fucking EU taxes. I like silver bars, but the taxes just not make them worth it, so it's coins…
I just want a half kilo bar as a desk trinket.

old pic. It's a bit more nowadays and I'll probably get a few hundred € worth more next week. Any Germanons here that can recommend me what to get at degussa, or any good shops in Berlin?

CodeBuns
CodeBuns

the other option is buying the equivalent of "junk"silver that would be thee other coins at the pic wich you might or might not have seen before(I have 240 of them pro is everyone holds them,they literally pop up all over the place,people have them unknowingly,widows get them,people inherit them etc etc it was the last widely circulated yuropean silver coin,and thus it's the best value for the buck you can get,
What coins are you talking about?

whereismyname
whereismyname

Silver is going to become more of a rare commodity than gold in the next few years. Would highly suggest stocking up on more.
Yeah, I don't doubt Silver's fundamentals and it's probably a great buy right now at the current price but the milk spot issue really put me off, which is why I would solely buy Eagles in the future I think to avoid the problem. Besides, right now I'm slowly building up my Gold collection and I can't really stack both at the same time due to how comparatively expensive Gold is. I have a bit of a soft spot for the Queen's Beasts series and there's still 7 yet to be released. Might start stacking silver again once I'm done with those. Dumping ALL my money into Gold/Silver would be as retarded as the people dumping all their money into crypto.

Lunatick
Lunatick

also:
Just remembered that I also have a few old 5 DM coins. The first series contained 7g of silver (625), so they are worth more than the 5 DM they are nominally worth. Whats a good price for those? their silver content at spot puts them at around 4.2€, but I'm not sure how the fact that you first would have to "get rid" of 37.5% of other crap affects their price.

And WTF is up with the 5DM special editions?
reppa.de/deutsche-muenzen/deutsche-mark/dm-gedenkmuenzen/5-dm-silber/?p=1
880€ for less than a quarter ounce of silver…
even the 12€ for the more common ones seems rather steep, especially given that collecting coins (collecting, not stacking!) is about as popular nowadays as collecting stamps.

Supergrass
Supergrass

100 peseta coins.80%pure silver.

It affects the price negatively since they have to get rid of the impurities and that is money,but still I much rather have in in this form,at 80% pure silver the coin is hard as nails but still has enough silver (half ounce)to be some good value.
It's basically stamp collection but with a little silver so they seem even more precious,in spain they also a phase something similar like 16.65 grms of silver for 13 euros but it will never get to top the nominal value unless shtf in wich case you're better off having bought real silver value instead of trying to protect against losses by having some nominal value.

Gigastrength
Gigastrength

It affects the price negatively since they have to get rid of the impurities and that is money,but still I much rather have in in this form,at 80% pure silver the coin is hard as nails but still has enough silver (half ounce)to be some good value.
Thought as much, but it's hard to get any numbers for this negative effect.
On ebay you either find stuff that got sold for way less (around 3€ per coin), but is based on an older silver price, or stuff where people try to sell even standard coins as collectors items, ranging from 10€ to more than 100€.
I don't have any intention to sell them for their silver content, I'm more interested in a realistic price for them, should I happen to come upon some at a flea market or similar. I guess the ebay prices around 3€ are still a realistic value for them.

w8t4u
w8t4u

coin bars my dude. some eu companies will sell tax free coin bars

likme
likme

can any of you /precious metal/ fags explain to me why JNUG barely tracks gold anymore

Methnerd
Methnerd

my stack before I went all in BTC

Lord_Tryzalot
Lord_Tryzalot

fuck me how much is that worth? and how many BTC do you have just out of curiosity

Spamalot
Spamalot

Looks like roughly a couple grand in melt value alone, I cant guess any more accurately because Im not familuar with selling those coins...

TechHater
TechHater

For this coins,value would be weight 15.2 grams pure silver weight 19 grams,I but them at around 7 euros
At shop it would be 10 euros,if outside of spain the price will go up of course and you'll pay a premium for it being a fascist coin with fascist symbols from a bla bla bla,even in spain some sell it with this meme saying they'll ban them so you should buy them now (for fashy larpers)

I always go by weight content,the other value is even more relative to the other person,I'm not a collector,even if I have few meme coins like nazi reichsmarks or old gold coins (I simply payed by content of pm if it turns out tk be some old coin,I'm even happier but i force my ocd to not care about dates or historical events happening at those dates of minting...it's hard but...

Illusionz
Illusionz

saved from page 10

Stark_Naked
Stark_Naked

coin bars my dude.
Haven't found any yet at the large EU-sellers.

FastChef
FastChef

Any rural Brits here? I'm just wondering if anyone has found a way for someone without a city in easy reach to buy just a little above spot, of whether I'm stuck with Royal Mint?

GoogleCat
GoogleCat

hedge against inflation
Goy! Buy an overvalued sliver of metal that will provide nothing for you.

This is no better than your grandma's curio cabinet of charebs.

MPmaster
MPmaster

There are a few places. Hatton Garden metals is a good one.

Also worth checking local auctions. You can often pick up sovereigns for below spot! There are no guarantees of authenticity so bring a set of calipers and a small set of scales.

New_Cliche
New_Cliche

Thanks user, they don't seem to have much in stock on the site. Any more like it?

As for auctions, how do you even find them? Pretend I'm utterly naive about even the simplist ways of the world and life.

Playboyize
Playboyize

Also worth checking local auctions.
Whats the general consensus on flea markets and such?
I would assume that commercial vendors are just selling at normal prices (or more, if they deem a coin collecticble), but at noncommercial ones, I would assume you might get lucky.

Carnalpleasure
Carnalpleasure

Your lack of understanding on the subject is disturbing, almost as if it's intentional.
Even with a 5 years gap between now and this graph, you can imagine it still looks about the same.Our economy has been in a constant downtrend since '99. Our politicians have been conveniently lying to us about this.

SomethingNew
SomethingNew

silver looks still very weak

Nojokur
Nojokur

Looks like a bubble!

Fried_Sushi
Fried_Sushi

I find your lack of faith disturbing.

CouchChiller
CouchChiller

about 60 Morgan dollars in the books.
Is this a decent amount of shit?

TurtleCat
TurtleCat

Its a decent start :) Whats your oldest?

Snarelure
Snarelure

Anyone in CT know any good places to buy coins/silver?

Flameblow
Flameblow

Bought a 400 gram .830 silver bowl at spot, going to fill it with various silver trinkets I have laying around that I also got for spot. Nice decor and useful in the postapocalypse.

TechHater
TechHater

Latest auction buys

AwesomeTucker
AwesomeTucker

That ducat is really cool

CodeBuns
CodeBuns

European coins in general were GOAT 17th-18th century. Too bad it's so expensive to collect.

New_Cliche
New_Cliche

What would you say is an average price for a coin like the one in your picture?

Spazyfool
Spazyfool

Can't say, way too many factors. I paid about $150 for this one after commission which I consider a steal because ugly specimens go for more elsewhere.

Sometimes I get lucky and find a 18th century coin in semi-decent condition in a bulk spot lot like the ones you see in that picture.

If you just like the aesthetic of coins then there's something called the Maria Theresa thaler (pic) which has been minted by all sorts of countries since the mid 18th century more or less unchanged (reason: it was considered a convenient international standard re: banks paying eachother etc). I've gotten loads of these on spot buys. They vary from mint condition minted within the last decade to ones made a 100 years ago.

Dreamworx
Dreamworx

aesthetic of coins
*old coins

Nude_Bikergirl
Nude_Bikergirl

I actually have one of those. My uncle gave it to me several years ago. I have been meaning to acquire more though because they're pleasing to the eye and I like the history behind them.

Crazy_Nice
Crazy_Nice

Oh cool. My 7 yo nephew visited the other day and I gave him some nice big silver coins. After he had left I kicked myself for not giving him a Maria Theresa rather than just modern bullion type stuff, it's the sort of coin that gets their imagination going and that they'll treasure.

Lord_Tryzalot
Lord_Tryzalot

Yeah that's what did it for me. I was given plenty of Kennedy half dollars as a kid but it wasn't until I found a mercury dime tucked away in the corner of a drawer that coins really caught my eye.

askme
askme

So what's your stack and purpose like?

Mine is I buy world silver coin spot lots 99% of the time, pick out nice ones for my type collection and store the rest to be sold if silver ever goes high again.

Soft_member
Soft_member

there's something called the Maria Theresa thaler
I don't really like it's æsthetic, but I appreciate the history behind it.
Have a few myself, and those fuckers (fuckerettes? What's the female form of fucker?) drive me mad. They are always worth their spot price in silver, but there are dozens of variants that are worth way more numismatically, up to many thousands. and if you look only for the signs of how to tell those, you will most certainly find some sign on yours, but you are never really sure if you really go one of the lucky ones…

Bidwell
Bidwell

also, I was bored this moring, so here's a PSA for my fellow Goldbernds.
I calculated the premium over spot degussa is asking for, with various things.
tl;dr: If you want silver, buy a tube of the Niue owl, or if you just want to spend a small sum, buy 1oz Noas ark and totally avoid the 1oz bar (fuckin taxes…).
for gold, get the 1kg bar, or if you can't afford that, some old chilenian 10 Pesos coin or an old belgian 20F coin. And totally avoid the new french 250€ coin.

Isn't the whole idea behind bullion coins that their stamped on value is always less than their ag/au worth? That fucker has a way lower spot price, and even with markup its dangerously close.
I'm not sure how that works, but aren't you supposed to be able to exchange it for its printed worth at the central bank? If gold drops, but the euro doesn't, that could actually be a good hedge.

Inmate
Inmate

I don't have much. I've been collecting coins on and off for about a decade but there was a hiatus somewhere in the middle. Only recently have I become interested in getting a little silver on the side.

GoogleCat
GoogleCat

depends
if you are looking for tubes eu sellers are the best bet, even with postage its vastly cheaper than any uk seller.

if you are looking for "junk" or the odd pickup, check markets/auctions/old shops

Soft_member
Soft_member

mike maloney exchanges gold for fiat especially when gold goes up.
what does that tell you?

5mileys
5mileys

of course it is we didn't even made a dent on earths gold reserves.

PackManBrainlure
PackManBrainlure

Why isnt anyone having good sales right now? There were a handful if really good Apmex flash sales, and some great stuff on spcial at JMB. Now apmex hasnt had a single sale in weeks and jm is totally bombing on their specials. What happened?

Evil_kitten
Evil_kitten

Not much, if anything at all. He probably just buys it back again when the price tanks... Why, what are you hinting at?

Sharpcharm
Sharpcharm

those look like the fakes floating on ebay

Playboyize
Playboyize

He makes no secret of his plan to sell all his Gold at it's peak when the price sky rockets and then buy a shitload of real estate. Every investor sells part of their allocation on the run up to take profit. Have to admit though, watching his presentations does seem nothing short of advertisement for his business/website.

GoogleCat
GoogleCat

So what's better for acquiring a decentish amount of silver? Bar? Coin? Looking around for scrap jewelry? I mostly want it because I want to try casting a sculpture out of silver and I'll need about a pound or so of it.

Raving_Cute
Raving_Cute

Assuming you're from the US, old 90% coins "constitutional silver" will be a good choice. Within 2-3% of spot price unless you go to thieves.

Garbage Can Lid
Garbage Can Lid

Will look into those, thanks.

Booteefool
Booteefool

And buy by the weight, not by face value.

Harmless_Venom
Harmless_Venom

Thanks for the advice.

DeathDog
DeathDog

Why not face value? Thats how i see it listed everywhere

Need_TLC
Need_TLC

The average junk silver is heavily worn and has lost quite a bit of silver.

Harmless_Venom
Harmless_Venom

What about Rhodium? It is the second rarest element in the earth's crust and currently cheaper than gold. It's main use is as a catalyst in car engines - would it be a good purchase despite the decline of the automotive industry?

5mileys
5mileys

China is buying up rare earth metals in the hopes that they will serve some purpose for future tech, at which point they'll have a monopoly.

Couldn't hurt, since it's so cheap. But you'd be in it for the long haul.

likme
likme

What about osmium as an investment? It's the RAREST stable element in the earth's crust. Look at the charts!

RavySnake
RavySnake

I personally think that if you're setting yourself up for the very long long in metals you're going to get fucked, because technology is advancing so rapidly. Aluminum used to be precious.

Lunatick
Lunatick

Would stick to investor quality (.999)
In a crisis when people are selling their silver. junk silver will have to be melted down and will clog the refineries for a long while. This will drive down the price of it compared to silver already pure.

Lord_Tryzalot
Lord_Tryzalot

same as holding fiat lol

takes2long
takes2long

He's going to make a sculpture, you don't want .999 for that. 90% or sterling is just perfect.

w8t4u
w8t4u

Long term, asteroid mining will likely solve the problems of rarity and will equally effect Gold and Silver as well. It just depends how much time it takes before it becomes routine and economically viable. If it turns out like Nuclear Fusion then asteroid mining will always be "just 20 years away" forever. These predictions always take much MUCH longer in reality. Hype always seems to outpace practicalities. If you think asteroid mining will never happen within your life time then it's worth looking into since ALL resources on Earth are depleting. I know fuck all about those in particular though so can't advise either way.

Booteefool
Booteefool

may not be worth it. When you sell it, They get taxed at the commodity rate of 40%, even the etf

Be careful.

Burnblaze
Burnblaze

97.7%tungsten 2.3% osmium
is what you should buy

Need_TLC
Need_TLC

Is this true ? This is the most fucked up thing I've heard . Are u serious ? Is it just the stock market or physical too ?

Crazy_Nice
Crazy_Nice

Im looking for stocks like JNUG/JDST but silver exclusive. Do you guys know of any?

Boy_vs_Girl
Boy_vs_Girl

Who are you addressing here? What metal are you talking about? In which country do you reside? Pretty damn vague user.

For example, in my country Gold is VAT and Capital Gains Tax free whilst Silver you pay VAT and CGT.

Gigastrength
Gigastrength

apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Osmium &Market=EIB

BunnyJinx
BunnyJinx

How else would he pay his taxes, buy food in the shops etc

New_Cliche
New_Cliche

This.

He doesn't sit in a tiny shitty apartment, throwing his stacks in the air and making it rain like Scrooge McDuck, hoarding it all uselessly, so he doesn't really see the value of gold.

WebTool
WebTool

i'm fairly certain the irs would grudgingly accept his legal tender metal coins.

BlogWobbles
BlogWobbles

Found this bad boy in one of the lots on the picture.

Don't think it's fake because of the grime and patina which is similar to 5 franc etc coins I have from the same time period.

Sending it to a coin dealer friend to look into it.

Supergrass
Supergrass

Spending your 1Oz Eagle at the face value of $50 when the spot price is over $1200.

BlogWobbles
BlogWobbles

who cares about silly things like fiat """value""" right? only the gold matters. only that is real money right? so he really should concern himself over silly things like that.

Methshot
Methshot

PMs are not investments. They are hedge against FIAT, period.

I bought 50k worth of gold and silver coins 3 years ago and they have not move an inch compared to BTC and ETH which netted me 300-600% NET gains.

I regret buying PMs thinking they will go up, they won't, not for another 50 years, look at the chart. The Chinese and the Jews are manipulating PM market with paper trades and fake outs.

Your money is better utilized in crypto or better yet, start a business.

Fuck PM. They're for people who fetishizes inanimate metals and their engravings.

I bought old sovereigns, rare pandas, even rare issues US Mints gold coins and Perth Mints Chinese zodiacs.

Worthless trinkets with fancy engravings that sold more that spot.

Fuzzy_Logic
Fuzzy_Logic

The Chinese and the Jews are manipulating PM market with paper trades and fake outs.

So you claim PM maniplation while praising cryptos, yeah makes a lot sense. Sounds more like you have lost money investing in PM. Yes, they are not a hedge of fiat, they are merely a speculative asset class for people who know what they are doing. Most people dont.

And yes, gold has these public shills selling their gold while telling the price is going to the moon. That would not make any sense either.

But for manipulation, gold is much more resistant than any cryptos. Btc is the only one with a decent market cap.

Evil_kitten
Evil_kitten

If by loosing money you mean I could've gain $$$ by NOT placing my money in PMs then yes, I lost money.

I could used that $50k to put a down payment on a rental condo, buy almost any stocks, buy any of the top 100 crypto, I would have made lots of money.

Instead, it's nothing. Your money is unproductive in gold and silver.

Dump it.

askme
askme

with the "death of petrodollars" gold might actually gain very rapidly in the near future. problem is if you don't know when holding it long term will totally dilute your annual gains in the end and you will feel stupid.

Techpill
Techpill

"Near future".
That's the kind of lingo that got us all duped.

U.S. Dollars is stronger than ever, it's not for another 50 years we will see a seismic change of regime and world politics to warrant a new era of monetary exchange medium.

And by then, I'll be too old to fucking care about money.

Sharpcharm
Sharpcharm

you dumb fuck
gold is the oldest currency that is still going on
I bet you're not austrian
fkin pleb

TechHater
TechHater

silver is shit, it doesn't age well
it's the pleb version of gold where fags can get way higher volumes for little value

they don't understand the main strenght of gold is exactly how little volume/weight concentrates wealth

that's exactly why it's ahead of anything else, keeping it safe or moving it around is cheap, and that's literally unique to gold

if that was the case for all, energy would be used instead of gold, but truth is, it's the opposite.

best marginal utility & eficiency & no cheats = best currency

New_Cliche
New_Cliche

Would possessing junk silver stuff, like old pre-1965 coins, be useful in anyway? What about in the long term or short term? How would you go about selling these things to make a profit? Do you even sell them in the first place for profit?

I'm quite new to precious metals, so please don't go too rough on me. Also taking any useful, legit advice...

Firespawn
Firespawn

if you want useful metal coins you have to alloy gold with copper and or silver to make it harder and more wear resistant and you have to make really small coins because fungiblity is a problem.

Gigastrength
Gigastrength

U.S. Dollars is stronger than ever
gonna need some citation on that. raising interest rates alone doesn't count.
currency, not value. the value of silver has yet to be realized because of how much
manipulation goes on with it.

silver is more rare than gold, and that will drive up its value to equal or greater

RavySnake
RavySnake

silver is more rare than gold
really?
and that will drive up its value to equal or greater
I thought silver depreciated rather than increased in value over time...

FastChef
FastChef

it may gain or lose, but probably not by a lot either way.

Need_TLC
Need_TLC

Silver is silver, The only silver that is better relative to other silver, is American Eagle Bullion and Canadian Maple Leafs, my only problem with PRE-1965 coins is often per weight they are priced higher compared to just buying some generic silver like Silvertowne or Sunshine Mint or Scottsdale. If you think you're gonna buy silver and sell it in a year to turn a huge profit I wouldn't bother because there's no sign that silver is going to jump like crazy in price anytime soon. Long term hopefully.

Booteefool
Booteefool

No It's not that silver is more rare than gold, it's that silver bullion is more rare than gold bullion, because most silver is consumed and converted to a form that is difficult to recycle. But there is definitely more silver in buried in the earth than gold in the earth.

Bidwell
Bidwell

It's too variable at the moment. Current US government policy may take very interesting directions this year.

PMs gain when the economy strains. Holding PMs as a hedge basically means you hope the market tanks.

PackManBrainlure
PackManBrainlure

my only problem with PRE-1965 coins is often per weight they are priced higher
Buy bulk in the right places at the right time and you get silver at spot price for investment purposes and numismatic value all in one.

Emberfire
Emberfire

well yes if we're talking big money here.

Emberburn
Emberburn

Disagree

likme
likme

implying anyone but shilled retards contemplate going back to metal coins

we're going to digital PMs instead of Sumer's tech tier

AwesomeTucker
AwesomeTucker

silver rarer than gold

holy shit, how much shilled you are
how much money have you trashed out into silver memes?

silver is not scarce on the planet earth, gold is
silver is corrupted by fucking anything
gold isn't
gold is cheap to transform, move, hoard
silver isn't

this is why silver hasn't catched up gold in htis century, and never will

the only appeal of silver is silly money's preferences of the feeling of owning bigger volumes of precious metal, as gold is pretty humbling, 10 grams is nothin and it's already +360$
1kg is like an Iphone in volume and that's +36k USD

the same wealth in form of silver is a PROBLEM to handle, hoard, move or do anything about it

it's costs makes it's marginal utility a joke compared to gold, which is perfect for that role

Harmless_Venom
Harmless_Venom

What price do you expect for gold in case of a market crash?

CouchChiller
CouchChiller

there is a lot less silver on comex than gold that much is true. supply is a lot tighter bus so is demand.

natural supply is about 9 times that of gold.

Fuzzy_Logic
Fuzzy_Logic

gold's worth is due to few qualities combined
think electricity or oil, it's useful as fuck, and yet horrible to manipulate or save, the opposite of gold which lacks practical use and yet it fits the role of currency as the best thing, let's see why

scarce as fuck
cheap as fuck to hoard, move, manipulate
cheap to insure (as top notch tech for security serves gold)
ez to keep pure, it's stronk by its own means, rekts time
it's been selected by all cultures in history to fit money's role, because it's just perfect to do that role even with primitive phisical coin-cash systems

I don't know about other elements properties, but as long as they don't match those of gold, they have nothing to do with it, and their price/investments will be from silly money that lacks the iq to rationally understand why gold is on the top of the natural selection as currency

scarcity isn't valuable if it's problematic
gold isn't, that's why it's a different kind of scarce good

which brings it as state of top tier marginal utility, which is that of a national currency with an average of 1,2% volatility that always beats fiat at preserving value/purchase power

cum2soon
cum2soon

In the aftermath of the 2008 crisis it peaked at $1,700. There are many people out there calling for $10,000 eventually. Who knows?

youtube.com/watch?v=G1dUtRRms7g

CouchChiller
CouchChiller

i wonder why here in the UK, VAT is applied to silver, and not gold. Is it the commercial use?

Sir_Gallonhead
Sir_Gallonhead

It's the same all over yurop it was probably meant as a way for countries not to try outjewing each other in the common market thing,silver doesn't hold so much value so it's not as important if one country taxes it 21% or 18% but 3% in gold means the markets would go to other countries and that might wake up people on how gold works and it's value,so that was a big no no

Boy_vs_Girl
Boy_vs_Girl

some countries like estonia don't have vat on bullion silver coins.

idontknow
idontknow

There's no point in wondering why regulators do as they do.

They're on cognitive dissonance steroids, they're delusional, dumb and arrogant. It's pretty much random how they configure things, it doesn't matter the costs or the unexpected consequences, they don't play their game looking two steps ahead. Just look how the fucking financial system has been made for fuck shake

UK has a stronger tradition around gold than silver, to determine the key point that made that legislation split is metaphisics

You can't determine an idiot's behaviour because not even him rationalices it correctly

Skullbone
Skullbone

who the fuck would be interested in coins

I can imagine it must be the need of silly money to convince themselves they're making a choice of investing in better money than fiat, so they take coins instead of a rock, just cuz it looks polished

I'm sorry silvershillers, but you're retarded

LuckyDusty
LuckyDusty

no you stupid little shit i just told you
coins have no vat on them. that's why.

Nude_Bikergirl
Nude_Bikergirl

you still don't get it, you can always purchase silver outside of your home country, why would you need to be sleeping next to your property

silver is shit and silver coins are even greater shit

Soft_member
Soft_member

The EU has been trying to stop that for years, many sellers have been forced to charge it

Yet its ok when Germany does it

Evil_kitten
Evil_kitten

if you purchase silver overseas there is custom and also vat on it.

on the other hand if a country has no vat on silver coins in the eu you pay vat int the country you purchase in and if you buy vat free it's vat free.

you still don't get it?

SomethingNew
SomethingNew

the reason gold does not have vat on it and silver bullions in some cases is because they are investment vehicles not goods or services.

the eu is hardly trying to stop it it's very hard to imagine a scenario where people would buy vat free silver for consumption. what they don't like is if the legislation is not uniform across members and most members only excempt gold from vat.

Techpill
Techpill

casting silver
Buy 999 silver shot

iluvmen
iluvmen

Yes but silver doesn't hold so much value,not many people trade with silver so the BIG buys wouldn't shift,even with silver they have some issues but on gold they could agree that it was a big no no to have competition in gold because competition is bad specially with things that do have value (that's the whole reason for the euro,as a means to make rad the inflation of other currencies instead of having a non inflating shill deutsch mark)

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