"...cash is not a very convenient store of value..." — Janet Yellen (Federal Reserve Chair), Q&A after speech March, 2015 "By your wisdom and your understanding you have made wealth for yourself, and have gathered gold and silver into your treasuries;" - Ezekiel 28:4 ESV
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PRICE OF GOLD / SILVER (against currency) goldprice.org/
>$13 silver next week based just bought 100 worths, will buy more if that happens
Parker Watson
for paper, maybe. If you paid attention the last "drop" down to $16 no silver was actually being sold at that price.
Christian Murphy
okay, I'm new to this, so go easy: >Bullionbypost >1 x 2020 Britannia One Ounce Silver Coin = €32.84 >4 x 2020 Armenian Noah's Ark, 1/4oz Silver Coin = €52.64 ( with 5 x = €50.45) Why would I buy the Armenian Ark when I can just get the single Oz for much less? Is it purely for the convenience of having it divided into smaller denominations?
Easton Lewis
It's called premium.
Connor Perry
M8. you know I don't know what to make of that response.
You can buy silver in many forms with many prices/oz. Cheapest would be buying 100kg bar, most expensive jewlery. The more work goes into production the more premium you pay. 4 small coins from Caucas mountains cost more than 1 uk made. Silver chart says $17, but you pay $20? $3 premium.
A premium is cost above the material price. American Silver Eagles are more desirable so they're worth more. A random 5oz bar or buffalo rounds are only going to be worth spot price.
David Sullivan
Ah, thanks fellas. At the end of the day, silver is silver, though. Looks like I'm going for that Brittania ounce.
Carson Anderson
Yes, just choose something with good liquidity. Something easy to sell for a price you paid. Also see there is no capital gain tax if you sell them in uk.
Isaac Morgan
Neat, thanks for the advice. I would imagine "junk" silver wouldn't be the best bet for that sort of thing, requiring traders to drill into it to verify its content and such.
Daniel Sullivan
Not a chance in hell
Carter Wood
My 5 came in on Friday haven't had time to put them in my safe.
>more cornpuffs than silver At least you won't starve
Zachary Morgan
I'm so proud of you goys, seeing more and more of you lose faith in the fiat currency and smoke & mirrors economy that the system offers, wanting something real instead, and working to free yourselves from (((global finance))).
Stack it deep, frens. This board gets comfier every day.
You don't invest in silver you fools, it's an industrial metal and will go down not up when the pandemic really hits. Gold is what you want.
Brandon Brooks
Use European Mint you dumb ass, why are you paying VAT for nothing?
Levi King
Why Silver is a better investment right now:
1) Gold has almost doubled in the last few years. Silver has remained at basically the same price, plus or minus about three dollars. Nothing close to double, therefore it has a lot more "space" to climb relative to Gold under current conditions
2) 1 oz silver round/coin =
Logan Diaz
If you were smart you'd have both; Use silver and copper for everyday purchases and gold for real estate or settling business deals.
Michael Baker
I really would like to see what a world operating under a sensible financial system would look like.
Nathaniel Turner
>copper nobody is going to want that shit
>real estate what fantasy world are you living in where you're buying real estate with gold?
Leo Gray
Sure if that's the scenario you want to prepare for then silver makes sense, but the chance of a complete societal collapse and a worthless dollar is extreeeemely low.
>muh ratio That is not an argument. Gold and silver are two completely different assets. That's like saying tech companies will fall 99% in value because 50 years ago the sector was very small. Gold is a good investment because central banks has resorted to increasingly loose monetary policy to prop up the economy through low interest rates and QE, and they can't go back because of the very high debt levels everywhere in the economy. The only way out is to keep inflating.
We are overdue for a recession which corona will probably kick off which will mean even more loose monetary policy. We might see deglobalization to some extent as companies now realize how exposed their supply chains are, which along the the general supply chain disruptions may cause inflation. All good for gold. If the pandemic gets out of hand I think we will see gold $2500-3000/ounce within 12 months.
Leo Foster
>the best time to invest into real estate is when blood runs on the streets >bucko
Michael Perez
>the chance of a complete societal collapse and a worthlass dollar is extreeeeemely low >he doesn't know about the upcoming -energy-industrial-mining- collapse >he doesn't know about the coming post-industrial age >he still believes the shilling of technology and perpetual advancement
>We might see deglobalization to some extent as companies now realize how exposed their supply chains are It won't be deglobalization, just a different flavour of globalization. Does it really make a difference if the factories are only in China, or in China, Vietnam and India?
If it didn't carry any premium to diversify their supply chain, they would have already done, so yes from an inflation stand-point it will matter. But probably not that much, this isn't the meat and potatoes of the gold bull thesis.
Record new infected numbers in Europe today. Looks like it's gonna be a comfy monday goldchads.
Should I even get more silver? I’ve got 25 more ounces coming, I have about 20k usd I want to invest into something. I really need to make it this coming recession or I’m gonna snap I hate my life and living with mommy.
Depends on how much you want to bet against fiat. There's some really good deals on older year ASE monster boxes.
Andrew Allen
I’m willing to bet against it but if I can’t afford a house in about 3 years I’m probably gonna kms (cheap in my area at least)
Logan Baker
I was looking at it more from the cultural side of things. We'll never be free of globalist bullshit.
Sebastian Davis
if precious metals are so precious and rare, why are we able to buy them so easily for fake&gay fiat zogbucks printed ad infinitum? think about it rationally. think about how much energy, time, manpower, equipment is required to pull ore out of the deep ground, and these mines are very deep. miners often die in these dangerous operations. there's only a few mines left that operate, and many are in actual dangerous shitholes like south africa. so considering this fact, why on earth would any sane retailer or even lowly ebay seller want to sell even one tiny gram of precious metals for fucking pieces of paper printed without any limit. anyone selling PMs must be absolutely insane. doesn't matter what company, apmex, jm, sd, they're all bonkers, or, perhaps fiat is indeed worth the effort to participate in this whole exchange.
back in 2017-2018 i was desperate for cash because i fucked up, and wanted to sell like 35 oz. silver. baby stack. called up a very reputable coin shop in socal, and the guy basically told me he's only interested in buying 100+ oz at a time, and so just a small transaction of 35 oz. wouldn't even be worth his time. i had sunshine mints in capsules, too so it wasn't junk silver. think about that. someone turned me down for a $600 transaction. he's probably sitting in his store doing nothing during downtime anyway. and yet he didn't want to buy. but he was willing to sell 1-2 oz. for whoever walks in off the street. that really made me think...you need a lot of silver to actually have a "make it" stack.
thanks for reading my personal blog.
for more interesting historical info, look up "Lucky Baldwin". he made his fortune from silver mining stocks, not from owning actual silver.
Jason Stewart
1 ounce silver coins is poo level investing. Firstly silver is shit and secondly you pay a huge premium to the metal value when buying these coins. GLD calls is the chad move, IV is still super low so you can get them cheap.
Joshua Diaz
$20k in precious metals, in a post collapse scenario is what we think of today as multimillionaire levels of wealth. You could buy real estate with that, scoop up peoples assets for pennies on the dollar paid in p/m and they'll be happy to sell them to you for that just so they can eat.
Thats worst case scenario, I don't know if it'll get that bad. But best case scenario is they hold their value against inflation more or less and if you get bored in a few years you could sell them an invest in something else.
user, THE WORST THING YOU COULD BE DOING RIGHT NOW IS SITTING ON CASH
We're basically guaranteed at least some quantity of inflation coming any second when (((they))) try to print their way out of the coming/current economic slowdown.
Ask yourself... How much faith in the (((system))) do you have, right now?
Eli Rogers
Should I get the rest gold? I have 330 ounces of silver
Elijah Garcia
reminder that you lose like 20% whenever you buy or sell PMs lol
buy $10K worth of gold and now you have $8k good job retards haha
Charles Jenkins
Definitely. Realistically we will see gold at $1600-3000 in the next 18 months, very little downside. You won't become a millionaire without leverage though, I would get a few calls for leverage, like I said the IV is very low. A jan 2022 at the money call will net you 700% profits if gold goes to $3000.
Elijah James
$GLD
Ayden Edwards
If this happen i unironically take loans and max out my credit card to buy as much as possible in the time frame.
Honestly user, if it was my money, I would get 20-30% Gold max, just in case it REALLY moons hard. I'd be 70-80% into silver, in 1 ounce pieces.
I say this because they're easily divisible for small purchases, and unlike what people say, the premiums arent more, or much more than 100 ounce bars. The cheapest 1 oz rounds I found a while back, versus the cheapest 100 oz bars, it was like a $10 or $20 difference between the two, buying 100 rounds or 1x 100oz bar. Get on sdbullion or provident metals (they're usually the cheapest) and look around if you don't believe me.
Its totally worth being able to divide them up. Especially if the government someday makes it illegal or places special taxes on selling bulk silver, which they might define as being more than 50 ounces, or 100 ounces, if things get really bad and they try a power grab as things fall apart.
Then what are you going to do?
If thats too much of a percentage in silver for you fren, maybe get some Platinum. Its a high value metal like Gold, but hasnt increased in price like Gold has. If I didnt want to be 80% into silver, I'd buy:
20% Gold 20% Platinum 60% Silver
Now you have all your bases covered. Small silver rounds for daily transactions, plus bigger "chunks" for larger purchases of bigger assets AND to have all your bases covered if silver underperforms.
Julian Powell
>1 x 2020 Britannia One Ounce Silver Coin = €32.84
>buying anything more than 3€ above spot price ngmi, your reptilianica shitcoin should be worth 18€ max.
Is it kosher to let your gold coins out of the wrapper, but people lose their shit and pretend if you open 1oz bars, they become completely worthless?
Leo Rogers
You do realize that (including yourself) we're all poor as goyim on this board, right? Silver and labor is truly the only thing we have left to combat these vampire jews. What's a vampire's weakness? Silver, you dumb dumb. These vampires steal our wealth through taxes & usury and suppress the true value of silver through a massive paper market. How the fuck is gold & silver a (((commodity)))? Every time I go to my coin shop, I think to myself that that motherfucker is going to be the New King once this economic ponzi scheme implodes. I probably won't ever see that dude ever again once he runs for the hills.
These were all in a sleeve together like silver (is that what you call them, or rolls). I bought them from my boomer grandpa. He actually had like 30 in that one sleeve
Camden Fisher
It would be glorious and beneficial to all, even the godforsaken continent of Africa. But sadly, ((((they)))) have manipulated the last century too much for the system to make a peaceful transition into a truly free market system.
