Buying physical gold/silver

389,123 Views | 2397 Replies | Last: 23 min ago by Yukon Cornelius
one safe place
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Outdoorag011 said:

Anyone elses dream to own a coin shop?
I am old enough that when I was a kid you could put together a fairly decent coin collection by going through your change. Of course, a kid doesn't have much change to go through. Adults at that time surely could, those with decent incomes could.

I had a client who had an extensive collection. He was 10 or 12 years older than me. I suppose much of what he had he got from change or by buying bags of coins. Some he might have bought from dealers or online, at least later in life.

He decided to open a coin shop but didn't succeed. Most of what he sold was gold and silver, rather than collectible coins. He would buy bullion $100,000 or more at a time.
Heineken-Ashi
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LETTUCE PRAY said:

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
Too many to name.

I doubled my position in EGO this past week with the big drop. Larger positions in HMY, FSM, SAND, NG, NEM, AU, PAAS, CDE, EQX. Sold a bunch of GDX this week with plans to buy back if gold dips in the short term. Many more.
jagvocate
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AG
I've been riding AEM OCANF CDE and Outcrop and recently bought some West Red Lake and Stllr

A mine is a hole in the ground with a liar standing next to it Mark Twain

General Jack D. Ripper
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Closing in on $3k. When the grift of vaults is exposed, maybe silver will catch up.
But I know no matter what the waitress brings
I shall drink it and always be full, yeah I will drink it and always be full
Outdoorag011
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Yep, unfortunately most of them either don't make it or barely squeak by.
Outdoorag011
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Jeez. I think I will reconsider haha
Fitch
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AG
Interesting take on this thread (embedded podcast video linked in the thread is below).



Yukon Cornelius
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AG
1/3 way in. Great stuff.
Heineken-Ashi
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drmwvr
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AG
What would this mean for the price of gold if this happened?
techno-ag
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AG
Heineken-Ashi said:





I could be wrong but I don't think that will happen. There's more notes out there than gold to back it up. Plus fiat currency is a heck of a drug.
Trump will fix it.
Yukon Cornelius
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AG
Or just means the ounce of gold is worth about 21-22 thousand dollars
Jabin
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If the gold standard is so wonderful, why did everyone outside of Wall Street hate it while we were on it?
Heineken-Ashi
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Jabin said:

If the gold standard is so wonderful, why did everyone outside of Wall Street hate it while we were on it?
The banks and the FED who they control hated it. Because they couldn't devalue our money easily. And as you've seen in congressional hearings and during national campaigns to regulate banks, they will spend any amount of money on lobbying both congress and the public to protect their gravy train.
redsquirrelAG
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AG
Yukon Cornelius said:

Or just means the ounce of gold is worth about 21-22 thousand dollars


So we are assuming silver will correct too?
Yukon Cornelius
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AG
I would think so because of the attention PMs would garner. But then maybe more hits the market. Idk long term etc.
TTUArmy
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In physical silver news today...

Glut of silver on shelves right now.
Decent time to buy. Make sure to haggle.
Don't get smoked by high premiums.
Still high premiums on sovereigns...shocker. -_-
Bad time to sell. Coin shops are offering way back of spot.
JR Ewing
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AG
TTUArmy said:

In physical silver news today...

Glut of silver on shelves right now.
Decent time to buy. Make sure to haggle.
Don't get smoked by high premiums.
Still high premiums on sovereigns...shocker. -_-
Bad time to sell. Coin shops are offering way back of spot.



I can confirm. Local shop said they had lots of silver and were offering $0.50 less than spot…I was looking for a gold exchange…
Outdoorag011
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I'm selling silver at spot if anyone is interested. I have 1 10 oz Engelhard pressed bar and 4 silvertowne poured bars.
Jabin
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Heineken-Ashi said:

Jabin said:

If the gold standard is so wonderful, why did everyone outside of Wall Street hate it while we were on it?
The banks and the FED who they control hated it. Because they couldn't devalue our money easily. And as you've seen in congressional hearings and during national campaigns to regulate banks, they will spend any amount of money on lobbying both congress and the public to protect their gravy train.
All of middle America hated it as well in the latter part of the 19th Century. WJ Bryan rose from obscurity to fame based on his "Cross of Gold" speech. That opposition to the gold standard was wildly popular throughout the U.S.

My argument is that it's not fiat currency that is the problem, but the constant deficit spending of Congress. Those who view the return to a gold standard as a panacea for all of our economic ills will be badly disappointed if it ever occurs.
Yukon Cornelius
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AG
https://www.epa.gov/newsreleases/administrator-zeldin-announces-billions-dollars-worth-gold-bars-have-been-located
TTUArmy
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wow...run gold run!! And, silver too!

redsquirrelAG
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AG
Crypto run starting now until March 14 too
AggieT
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AG
What is it about the 14th that you keep mentioning?
TTUArmy
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Something spanked the hell out of precious metals today. It was rocking along this morning then absolute rug pull.
Red Pear Realty
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Sponsor
AG
Definitely not manipulated.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
TTUArmy
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We needed a little pullback in gold to setup the next leg up and to the right.

Heineken-Ashi
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I don't usually post stuff like this here since it's not a trading thread, but I did post this on stock market thread yesterday morning before metals hit their head.

Heineken-Ashi said:

My SLV chart is messy, but there's a couple potentials right now. I view a rocket ship as the least likely. My base expectation is a retrace is coming. Next most probable is we finally get the drop to a new low in the $25-$27 range. I started building very small starter positions in June and September calls a month ago. Very small. And I still have March calls. Probably closing out profitable March stuff today. We will see.

Sentiment is through the roof on metals. Which usually means the opposite is about to happen. Then when leverage has been wiped from the failed optimism, it will take off.


It's coming guys. Just be patient.
LETTUCE PRAY
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Seen on WSS

TTUArmy
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LETTUCE PRAY said:

Seen on WSS


Like father, like son.

Let's do it!
jagvocate
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AG
LETTUCE PRAY said:

Seen on WSS


Reminder that the main issue probably isn't "Is the gold still "there"?"

It is more like this: Whether or not we've "leased" or "hypothecated" our gold to other nations over the decades, meaning that foreigners could have a superior claim to owning USA gold than we do.

Leasing gold and hypothecation are just two tools in the financial wizards' tool chest to suppress the price of gold ... there are many more, and yet the old gal keeps rising almost every year since 2000 ...

Stat Monitor Repairman
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Red Pear Realty
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AG
When do y'all think we hit $3,000 gold?
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
LETTUCE PRAY
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A lot of conspiracy theorists think that the bars there are gold plated tungsten.

Tungsten has a comparable density
maddiedou
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AG
Red Pear Realty said:

When do y'all think we hit $3,000 gold?


Tomorrow
maddiedou
 
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