Buying physical gold & silver. Advice please.

[ILiveAgainParticipant]

Hey guys …. I gotta go sleep very soon but was hoping when I wake there might be some help/answers/heads up.

I’ve been researching for a while and will probably buy some gold & silver bars within the next week or so. Was also looking at silver streaming.

It’s for my daughter when I kick off. So it’s maybe 15-20-25 year investment.

Because I don’t know where we’ll be then … I think physical rather than paper is the way.

I’m thinking of initially 20k then add a bit every 6 months if prices are right for buying.

Any pitfalls?

I have very safe storage space.

Cheers in advance

Zzz Zzz Zzz …. night John Boy ☺

[experiencedParticipant]

Kitco has much information. But as always, be careful.  They are pro-gold.

this chart’s been bugging me for some time now.

to the right and up…..bigger to the right and bigger up…??halfway through biggest to the right and then biggest up???????

start `jun06: 2over 2 up, 4 over 4 up,  [8 over 8 up?]

Try Paul Van Eeden

 

"It seems like there's times a body gets struck down so low, there ain't a power on earth that can ever bring him up again. Seems like something inside dies so he don't even want to get up again. But he does."

[DurdenParticipant 1051]

Silver is currently a little under $16 USD per ounce and most mines because of the low price are not even mining. Gold has been going down for quite awhile. Long term historically gold or silver has not performed as well as other assets such as stocks and bonds. But it’s easily the safest. Currently I have been stocking up on Sunshine Mint Silver and Gold.

Never tell anybody about your stash. No posting pictures on facebook for sending to friends. Always keep a separate small bit away from the main so if you do get robbed they will think they got all of the goods. Don’t fall for buying copper.

 

It's only after we've lost everything that we're free to do anything

[Crazy CanuckMember 4215]

You should be gold and silver. The government has been manipulating the gold and silver prices. You need to buy from a reputable dealer.

I suggest Euro Pacific Bank LTD, they sell stocks, precious metals, etc. They are a reputable dealer.

Euro Pacific Bank Ltd.

111 Euro House
Financial Services Centre
Stoney Ground
Kingstown, VC0100
St. Vincent and the Grenadines

Telephone and Fax

Toll Free: +1-888-527-4041
Local (SVG): +1784-453-2086
United Kingdom: +44-20-3318-4096
Hong Kong: +852-5808-2784
Fax: +1784-453-2085

Regular Business Hours

Monday to Friday, 8am to 4pm (UTC – 4:00)

https://europacbank.com/contact/

"If pussy was a stock it would be plummeting right now because you've flooded the market with it. You're giving it away too easy." - Dave Chapelle

[Crazy CanuckMember 4215]

I forgot to tell you never store gold and silver at a safety deposit box at your local bank because they will probably keep it. Credit union maybe a safer place or buy your own safe.
Btw Peter Schiff owns Euro Pacific Bank he is one of the few people predicted the 2008 recession.

My understanding there will be an economic collapse this year. Waiting 6 months might not be good. Buy gold and silver is more of an insurance than investment if the economy goes under. If you think Greece has it bad wait until the USA goes bust.

"If pussy was a stock it would be plummeting right now because you've flooded the market with it. You're giving it away too easy." - Dave Chapelle

[Crazy CanuckMember 4215]

Gold scams
http://schiffgold.com/gold-scams/

Never buy paper gold and silver you want the physical gold.

"If pussy was a stock it would be plummeting right now because you've flooded the market with it. You're giving it away too easy." - Dave Chapelle

[Anonymous 42]

ENGAGEMENT RINGS AND WEDDING RINGS! TONES OF “UNRECORDED” GOLD!

If you get your self an acid kit for determining gold’s purity, study up on gems and their flaws, you’ll be able to purchase gold at “your” price. I invested in a relatives pawn shop where he did all the work and I got a percentage. One of my friends is also an expert jeweler, he recommended not to pay more than 2% over spot price. When you buy used gold you price it as scrap, and the gems are the same “scrap” never pay what it’s really worth, if you do, you’ll have no cushion if it drops in price, and some purchases you’ll do much better than the actual gold market (forget the gems), and it’s “not recorded” with the government. Like anything profitable, or like a squirrel, it takes time and effort to collect and hide all your nuts….

[BDParticipant 1146]

Physical gold and silver is a great investment. I would never trust the stock market.

As an option, if you have the time, you could get into buying gold by weight off of the public, with a gold caret testing machine, then you could use cash………..

Because in order to be able to think, you have to risk being offensive.

[Crazy CanuckMember 4215]

There is a reason China is buying and mining gold. These people aren’t stupid. Also Germany wanted all the gold back from Federal Reserve which is failed to do so.

http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/

http://rt.com/op-edge/170948-germany-gold-us-sovereignty/

http://www.bloomberg.com/news/features/2015-02-05/germany-s-gold-repatriation-activist-peter-boehringer-gets-results

"If pussy was a stock it would be plummeting right now because you've flooded the market with it. You're giving it away too easy." - Dave Chapelle

[Won'tGetFooledAgainParticipant 3293]

I am seriously looking into buying gold and would be interested to know the best way to do this.  I already know I want the physical gold in my hand but I am not sure to go for 1oz coins, 1oz bars or a single 250g bar to start with.  The 1oz bars are slightly cheaper than the 1oz coins but I understand the coins have the chance of going up more if they are a rare design?

Also, when I wish to sell my 250g bar do I just rock up to a store and collect the money?

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[Crazy CanuckMember 4215]

@Won’tGetFooledAgain Try dealing with Euro Pacific Bank Ltd.

"If pussy was a stock it would be plummeting right now because you've flooded the market with it. You're giving it away too easy." - Dave Chapelle

[ILiveAgainParticipant]

Wow … thanks for all the good advice guys.

So it looks like I’ll definitely buy gold and will now look in to buying from public although initially I’ll buy bars. Need time to educate myself in buying ‘on street.’

I knew silver was a second poor mans option but liked it because it’s consumable by industry etc … so there will always be a demand.

I have my own safe storage ….. and it’s secret so I’m happy with that.

Getting back to silver. What are your thoughts on ‘streaming’ companies? I was looking at shares in these guys ….. again long term …. 15-25 years:

http://www.silverwheaton.com

Oh .. and a thought. Do you think that if I did buy gold from the street …. say via advert in local paper …. would this attract attention from people in dark glasses?

I’ve found places that will melt and stamp gold … but will this also leave me open to ‘them’ sticking their beaks in?

I’m not talking about doing anything illegal ….. as I can’t … one of my jobs is seriously f~~~ if I do.

I want as few people know as possible ……. and no … you’re not people 😆

Brothers …. family …. the code ☺

[Crazy CanuckMember 4215]

I wouldn’t waste my money on “streaming” companies. Buy going on the street? Good luck with that.

"If pussy was a stock it would be plummeting right now because you've flooded the market with it. You're giving it away too easy." - Dave Chapelle

[MadmanParticipant 772]

APMEX ia always fair, but recently I ahve bneen buying from JM Bullion. they have free shipping for any size order.

[melParticipant 1]

I buy from Silvergoldbull, l buy Canadian maples for their 9999 purity. l stay away from anything over 10/oz in bar form, and also IMPORTANT’ stay away from paper contracts, on your learning curve you will hear it often, if you don’t hold it, you don’t own it 😉  Silver is on sale! LOAD UP! it could be worth more then gold one day.    cheers

[Won'tGetFooledAgainParticipant 3293]

mel wrote:

I buy from Silvergoldbull, l buy Canadian maples for their 9999 purity. l stay away from anything over 10/oz in bar form, and also IMPORTANT’ stay away from paper contracts, on your learning curve you will hear it often, if you don’t hold it, you don’t own it Silver is on sale! LOAD UP! it could be worth more then gold one day. cheers

Unfortunately, in the UK we have to pay 20% V.A.T on silver, but you do not have to pay any tax on gold.  The advice I have been given is to buy 9999 purity coins or one ounce bars, but it seems cheaper to buy in bigger bars.  Plus, I am not sure I like having kilos and kilos of silver about the place, but the idea of gold being hidden in the house really does appeal.

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[RoyDalParticipant]

Do it, but only with a percentage of your portfolio. You cannot go wrong with precious metals, but only if you don’t get swindled. (I happen to believe you are too canny to get swindled, but I am not thee.)

Income real estate has done verry, verry good for mee. But the laws governing real estate are in as much a state of flux as the so-called Confederate flag is this week.

Society asks MGTOWs: Why are you not making more tax-slaves?

[Wandering MGHOWParticipant 551]

This may sound silly but is Ebay a good place to buy gold from? APMEX sells gold on there but I’m just concerned if its real or if its a tungsten counterfeit. I’m not as concerned with getting ripped off a few bucks as I am with getting a fake piece of metal, so the price isn’t an issue to me as long as its real.

[SteveParticipant 462]

I agree with having a bit of money in gold and hidden in the house, but spread risk across a wide portfolio as RoyDal says.

Gold is always a go to commodity when the s~~~ hits the fan and looking at historical prices I still personally think its overpriced. If you look before the GFC hit gold prices were relatively stable and a lot lower through the 90’s and early 2000’s. After GFC prices sky rocketed.

So keep an eye on Greece this weekend, if Greece gets kicked out and Europe starts breaking up I reckon gold will have some room to rise again. However if economies start picking up globally then my guess is gold will go back down towards historical levels.

Real estate and buy to let has always done well for me. With the euro weak I was playing with the idea of a small holiday rental apartment in Portugal or Spain. Rent it out during peak holiday season and go and stay there over UK winter and do a bit of painting and DIY on it.

[sequoiaParticipant 467]

Well it depends on what your time limit is,you can buy sovereigns for £225, but they will only give you £165 at the shop,although gold is expected to rise

to over $2000 per ounce,some gold shares are trading at lower trades at around 14p and are worth 64p but you will have to find them! Good luck they are there.

Was cut and carried for a dozen years so therefore, twelve years a slave

[Author]

Posts