Gold, silver, etc.

[Jan SobieskiParticipant 28791]

Any advice or suggestions on precious metals as investments?

Please provide details on what I should do?

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[Anonymous 0]

Just got this half ounce of silver first time buying.

[ILiveAgainParticipant]

Buy physical not paper. Gold is the obvious but silver will also be on the up.

Silver gets used up in industry so always a demand.

You could look in to gold and silver ‘streaming’ investment.

However, if you hold physical gold …. It’s gold …. If you hold paper gold …. It’s paper.

[Anonymous 0]

ILiveAgain wrote:

Buy physical not paper. Gold is the obvious but silver will also be on the up.

Silver gets used up in industry so always a demand.

You could look in to gold and silver ‘streaming’ investment.

However, if you hold physical gold …. It’s gold …. If you hold paper gold …. It’s paper.

What you mean by that? I just started to buy precious metals so I’m naive in this field.

[ILiveAgainParticipant]

Anonymous wrote:

ILiveAgain wrote:

Buy physical not paper. Gold is the obvious but silver will also be on the up.

Silver gets used up in industry so always a demand.

You could look in to gold and silver ‘streaming’ investment.

However, if you hold physical gold …. It’s gold …. If you hold paper gold …. It’s paper.

What you mean by that? I just started to buy precious metals so I’m naive in this field.

You can buy gold and it will be held for you in a bank etc. You then get a certificate instead of your gold.

The idea is that it’s safe and you can cash in a pick up your gold anytime …. until the bank crashes or government blocks it. Then you just have paper.

Very basic explanation but you get the point.

[Jan SobieskiParticipant 28791]

Like it. Please tell me more

Love is just alimony waiting to happen. Visit mgtow.com.

[StargazerParticipant 12505]

I’ve bought both gold and silver coins from APMEX… I buy the physical metal and store it in my safe at home. So far I’ve only bought coins from the U.S. Mint… they command a higher premium but they’re more recognizable and trustworthy than, say, Chinese gold coins so they also sell back for a higher value. Don’t waste your money on commemorative crap or limited edition stuff. An ounce of fine gold is an ounce of fine gold so don’t bother getting newly minted stuff if you can get older coins for less. I would avoid rounds and bars, though, especially the individually sealed ones. You want something easily recognizable and testable and I think U.S. Mint works well for that.

Obviously the one ounce gold coins are going to set you back $1000+ each so it can be hard to amass a significant quantity if you’re only able to spend in smaller amounts. Silver is just as good and you can buy twenty coins for under $500 now… just the amount of weight and space becomes significant after a while so maybe buy silver when you’ve got a little bit to spend and gold when you’ve got more.

Metals are a buy and hold thing… don’t be trying to make a few bucks by trading in them, you’ll eat yourself alive in shipping costs alone. APMEX will buy them back from you, but of course the buy price on any given day is lower than the sell price so you don’t want to sell unless there is significant upside or you just really need to liquidate for cash.

That’s all I’ve got.

[RoyDalParticipant]

ILiveAgain wrote:

The idea is that it’s safe and you can cash in a pick up your gold anytime …. until the bank crashes or government blocks it.

FDR made physical gold illegal and grabbed all he could get his hands on. People who had a cookie jar full of gold coins saw the value skyrocket. Collectors and investors wanted those coins badly!

People who had theirs in the bank lost it all. Oh they got “paid” for it, paid for it with paper.

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

[CatsPawParticipant 423]

Precious Metals are NOT investments, they are insurance.
Please understand the difference:
-Investment is something that increases its value (or decreases if its bad).
-Precious metals DO NOT change their value.

What changes value is everything else. For example, if you need more dollars to buy gold is because dollars got weaker (and they will buy less of other currencies).

Prices of products change depending on many things, mostly supply and demand.
The reason to invest in precious metals is to have diversity in your portfolio so if one thing goes down, the other goes up.
So if you have 1000 dollars worth of gold and 1000 dollars in cash, if dollars loose value, gold maintains its value and you can get more dollars for it.

The reason to buy physical (and always anonymously) is because there is a lot more paper gold and silver than real gold and silver.
So, some people will not collect their gold or silver when everyone wants it.

Right now I think silver is its its best moment (I see it as on-sale). My plan is to get enough to buy a decent land for agriculture..
Thats the end game, people always have to eat, sleep, s~~~ and f~~~.

Those are the most stable businesses, once you got enough cash to get into it.

[AntaresParticipant 208]

Platinum is another metal to consider. Normally it’s above gold in value, but is currently below gold. This has happened before despite being 30 times rarer. Like silver, it also has industrial uses; the catalytic converter in your car is one example. Disclaimer: I’ve never purchased any.

Metals are a decent buy right now. Currently they’re going down even more because the Fed will probably raise interest rates “making other investment options more attractive”. Yeah, so instead of half a percent return, I get maybe three quarters? Who in the f~~~ thinks that’s a threat?

If you want an example of paper gold, the iShares gold ETF (symbol: GLD) is an example. Like others, I’ll warn you that this is neither investing or insurance, you basically speculating on gold prices.

Price is what you pay, value is what you get. -- Ben Graham

[NotMyProblemParticipant 965]

Silver is the better buy right now. Historically the ratio of gold to silver was 1-16. Which means 16 oz of silver would equal 1 ounce of gold.

Right now it currently stands at around 1-70, which means it takes 70 oz of silver to equal 1 oz of gold! Historically speaking, that is way out of whack, making silver the better investment right now. At some point the market should correct, meaning if gold doubles, silver will triple or more.

The other thing to keep in mind is in a SHTF scenario, a silver coin would become the new $100 bill for barter. It’s a lot harder to spend $2000+ in one transaction.

Gold is great for storing lots of value in a small space however. If you plan on leaving the country with it, get the smaller coins because they look exactly like spare change to airport security scanners.

Personally I think gold and silver will both go lower for a bit, so maybe stack cash and wait. If gold goes down to $1000 I’m going to buy some more.

I see bullion as the foundation to my portfolio. Buy it, hold it, forget it. It’s nice having the piece of mind, and it removes volatility from the rest of your portfolio. It’s also a good idea to stack $1000 in physical cash outside the system.

Cash is the best hedge against deflation, so that way you are covered for both scenarios. It seems we are in deflation right now, and could stay that way for a while. Don’t be afraid to stack the cash and wait for deals to come up.

Not my property... Not my problem

[NotMyProblemParticipant 965]

Oh and on Platinum and Palladium. I personally don’t buy them and I won’t for the foreseeable future. The reason is that they are both heavily used in manufacturing cars.

Deflation means too many goods chasing not enough money. There are huge lots filled with cars that cannot be sold. Same goes for every other good. Until massive amounts of people decide to go buy a new car, there won’t be much demand for the P’s

Not my property... Not my problem

[Won'tGetFooledAgainParticipant 3293]

NotMyProblem wrote:

Personally I think gold and silver will both go lower for a bit, so maybe stack cash and wait. If gold goes down to $1000 I’m going to buy some more.

The way gold is going I think it is only a matter of weeks before it gets down to $1000 an oz. As has been said, gold is an insurance it is not an investment. If you have bought gold in the last 5 years then you have definitely lost money.

It is definitely a buy and forget about it insurance policy.

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

[Crazy CanuckMember 4215]

you have to watch out for fake gold and silver, you will have to do a lot of homework before you buy. Now is a good time to buy since people are selling their gold or silver.

http://goldsilver.com/video/special-report-how-to-avoid-fake-silver-and-counterfeit-gold-products/

"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

[Cipher HighwindParticipant 1144]

I think platinum will be outperforming gold; I purchased 2 ounces of the former to diversify the hoard.

[CatsPawParticipant 423]

In terms of inflation vs deflation we currently have both.
Thats why precious metals are so easy to manipulate by big owners of contracts.

Deflation is coming from people now having enough money to buy stuff (lower demand lowers prices and in many cases quality. This is why you can see in almost every country low cost goods do well).

Inflation is coming from currency creation and credit stacking. The “fed” and other Central banks think they can stall deflation with currency creation, but the reality is they can only delay it (If currency velocity is dropping, the amount of currency creation has to increase exponentially, and at some point it collapses).

Thats what I thought was gonna happen after Greece defaulted but they eventually took the deal.

The Fed cant raise rates for two reasons:
1) The markets react too bad to it, it would set a chain reaction like the subprime mortgage in 2007 (the market is far bigger and more leveraged up.
2) Any increase in rates would not only increase the interest that USA has to pay on its debt, but also decrease velocity even further, speeding up deflation.

There is a lot more to it of course but thats the ones that basically stop the fed dead in its tracks.

[TCw2460Participant 1]

Is anyone worried about gubment confiscation of citizen gold/silver? Marc Faber seems to indicate a concern.

I'M IN TOO DEEP BROS!!!

[DeepInThoughtParticipant 2710]

CatsPaw wrote:

The Fed cant raise rates for two reasons:
1) The markets react too bad to it, it would set a chain reaction like the subprime mortgage in 2007 (the market is far bigger and more leveraged up.
2) Any increase in rates would not only increase the interest that USA has to pay on its debt, but also decrease velocity even further, speeding up deflation.

There is a lot more to it of course but thats the ones that basically stop the fed dead in its tracks.

I agree but I still think Yellen and her Jewish connections, The Rothschild’s et al, will life rates to pursue their own greedy agenda.

Gold is getting hammered atm, I should know I am down nearly $30K and it will most likely hit $800 an oz. But, I think the main driver is the short selling of gold futures especially by the markets over Thanksgiving weekend. Case in point it just dipped another $13 per oz.

I have no doubt China is waiting to flood the market with US currency and absolutely wipe out the US dollar especially if/when the rates are raised. Then watch the Chinese economy and especially gold soar.

This incident with Russia is far from over, we are only getting a taste of things to come and when China shoots down a US jet over the sea of Japan well it will be clear who China will side with, Russia.

Of course Putin has his own agenda as well but I really like the guy and now U.K. France, Germany and Russia are coming together the entire game has changed.

All I can say, as an Australian, is that Obama is the most spineless, unintelligent and deceiful prick around and the sooner the US eject him the better. Let’s just hope it is not Hillary Clinton, she is one jaded man hating t~~~ as well.

But I will say this. This new world order, one world government and one world currency is well under way and definitely not a conspiracy theory.

I’d be interested to read others views on global markets, gold and the future. Thanks

Deep

Worth a watch:

[Won'tGetFooledAgainParticipant 3293]

I became interested in Gold about a year ago and finally bought my first 1 Oz this month. It has certainly been interesting as it has lost value pretty much every single day since then! I now see Gold as almost a cult, with members buying it as an insurance policy for when the financial meltdown/zombie apocalypse occurs.

Trouble is, when this does happen it will be food, water, fuel and guns that are valuable, not shiny bits of metal.

Having studied the market over the last 5 years I am certain that the value of gold is manipulated by the banks and by the government.

Personally I am going to sell my little 1 Oz tomorrow and I will have lost £100 on the deal. This is a lot to lose in 1 month, but you pay for education and for me this is a lesson well learned.

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

[MalfunctionNeedInputParticipant 257]

DeepInThought wrote:

But I will say this. This new world order, one world government and one world currency is well under way and definitely not a conspiracy theory.

This to me is a scary proposition.

I mostly own silver, and not too much. Maybe I’ve spent around 1200 USD on coins and a few bullion. I purchased it because of the notion that it should 1/16 the value of Gold and it isn’t anymore, hasn’t been in a long time. I also purchased it because it’s much cheaper than gold. With the prices being what they are now, it is very tempting… Maybe when/if gold drops below 1000 USD.

The important thing is not to stop questioning. Curiosity has its own reason for existing. One cannot help but be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is enough if one tries merely to comprehend a little of this mystery every day. Never lose a holy curiosity. --Einstein

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