I am about to start to move into Silver and gold. Anyone have any advice on purchasing? I am gonna start to ease my way into it. I will buy a little bit with every paycheck. I am looking at apmex.com and it looks like a good site to buy. So far I am about to pull the trigger on some 10oz silver bars and buy some 1 gram gold bars. Which are the best to buy? I am a newbie with this. Any advise is appreciated.
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I am about to start to move into Silver and gold. Anyone have any advice on purchasing? I am gonna start to ease my way into it. I will buy a little bit with every paycheck. I am looking at apmex.com and it looks like a good site to buy. So far I am about to pull the trigger on some 10oz silver bars and buy some 1 gram gold bars. Which are the best to buy? I am a newbie with this. Any advise is appreciated.
I am about to start to move into Silver and gold. Anyone have any advice on purchasing? I am gonna start to ease my way into it. I will buy a little bit with every paycheck. I am looking at apmex.com and it looks like a good site to buy. So far I am about to pull the trigger on some 10oz silver bars and buy some 1 gram gold bars. Which are the best to buy? I am a newbie with this. Any advise is appreciated.
late to the party there jeff
it depends what your goal is. Does (potential) numismatic value have any bearing on your decision? I actually bought gold before silver, because of this. However, most of the advice i was getting was from gold bugs. The more research i did, it lead me to silver, and i bought mainly all eagles, the theory being if the worst case scenario happened, that they would be easiest to recognize and <gulp> would be the most trusted for purity and weight.
in my time frame of trading metals, Ag has closed the gap on Au from a blistering 66:1 down to 42:1
Silver has crushed gold, and imo we're still heading in that direction. I actually have a hair-brained theory that Au price is suppressing Ag price, it's not like gold is in backwardation, silver is
i just realized i didn't answer your question at all. Check traders/collection type shops, see if you can buy any old coins where the weight of the metal is greater than the selling price. Otherwise, you are looking to pay spot + premium (is usually 1.50$ on silver eagles) at my local shop.
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Quote Originally Posted by JEFFMARKETCAP:
I am about to start to move into Silver and gold. Anyone have any advice on purchasing? I am gonna start to ease my way into it. I will buy a little bit with every paycheck. I am looking at apmex.com and it looks like a good site to buy. So far I am about to pull the trigger on some 10oz silver bars and buy some 1 gram gold bars. Which are the best to buy? I am a newbie with this. Any advise is appreciated.
late to the party there jeff
it depends what your goal is. Does (potential) numismatic value have any bearing on your decision? I actually bought gold before silver, because of this. However, most of the advice i was getting was from gold bugs. The more research i did, it lead me to silver, and i bought mainly all eagles, the theory being if the worst case scenario happened, that they would be easiest to recognize and <gulp> would be the most trusted for purity and weight.
in my time frame of trading metals, Ag has closed the gap on Au from a blistering 66:1 down to 42:1
Silver has crushed gold, and imo we're still heading in that direction. I actually have a hair-brained theory that Au price is suppressing Ag price, it's not like gold is in backwardation, silver is
i just realized i didn't answer your question at all. Check traders/collection type shops, see if you can buy any old coins where the weight of the metal is greater than the selling price. Otherwise, you are looking to pay spot + premium (is usually 1.50$ on silver eagles) at my local shop.
Yes, I am buying silver for the worst case scenario. I really believe that the economy is headed in the shitter and so is the dollar. Even if it goes down a bit, it is still worth something and more about preservation and making sure I have something of value if the shit hits the fan.
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Thanks.
Yes, I am buying silver for the worst case scenario. I really believe that the economy is headed in the shitter and so is the dollar. Even if it goes down a bit, it is still worth something and more about preservation and making sure I have something of value if the shit hits the fan.
If you don't have any exposure to Silver/Gold stocks, you should start there.
You get more bang for your buck, as while silver has gone up 100% this year, many silver stocks are up 400%. In an up market for commodities, it is like shooting fish in a barrel. GPL, NGD and CPFXF.pk are mineral stocks I like, even with their big run ups.
As for owning physical gold/silver, I would suggest you consider buying some junk silver. Easy to buy on E-bay at spot prices. Be sure to look at the seller's history though.
I am currently buying junk silver (old quarters, dimes, etc..), thinking that they will be easy to use in barter, should it be necessary.
Like "be easy", I favor silver, as it seems to be in short supply and unlike gold, has many commercial uses.
Best of luck.
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If you don't have any exposure to Silver/Gold stocks, you should start there.
You get more bang for your buck, as while silver has gone up 100% this year, many silver stocks are up 400%. In an up market for commodities, it is like shooting fish in a barrel. GPL, NGD and CPFXF.pk are mineral stocks I like, even with their big run ups.
As for owning physical gold/silver, I would suggest you consider buying some junk silver. Easy to buy on E-bay at spot prices. Be sure to look at the seller's history though.
I am currently buying junk silver (old quarters, dimes, etc..), thinking that they will be easy to use in barter, should it be necessary.
Like "be easy", I favor silver, as it seems to be in short supply and unlike gold, has many commercial uses.
DYY is a good ETN for commodities that i've been in for 2-3 years.
obviously it's ideal to hold gold or silver bullion/bars/coins BUT you have to pay commissions to get them, pay someone to store them most of the time, and pay commissions to get out of them.... plus they arent completey liquid and will never be UNLESS the world does completely collapse.... keep it simple and just use the ETFs
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stick with GLD SLV or UGL and AGQ
DYY is a good ETN for commodities that i've been in for 2-3 years.
obviously it's ideal to hold gold or silver bullion/bars/coins BUT you have to pay commissions to get them, pay someone to store them most of the time, and pay commissions to get out of them.... plus they arent completey liquid and will never be UNLESS the world does completely collapse.... keep it simple and just use the ETFs
Guys if you actually think the country is going to collapse and fall apart gold and silver isnt what you really why anyways.
The things that will be worth more then gold and silver combined are guns, bullets, food, gasoline and things like that. Think about it, if i own any of those things, i would give 2 shits about your gold bars and in fact with you having the gold bars and me having the guns, i will just take your gold bars {just kidding}.
I think a better reason for buying them, is because we are running out of those things, but to buy them because you think the country is gonna go under in my opinion wont help you.
Buy the guns and bullets,and watch your profits fly by gold and silver.
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Guys if you actually think the country is going to collapse and fall apart gold and silver isnt what you really why anyways.
The things that will be worth more then gold and silver combined are guns, bullets, food, gasoline and things like that. Think about it, if i own any of those things, i would give 2 shits about your gold bars and in fact with you having the gold bars and me having the guns, i will just take your gold bars {just kidding}.
I think a better reason for buying them, is because we are running out of those things, but to buy them because you think the country is gonna go under in my opinion wont help you.
Buy the guns and bullets,and watch your profits fly by gold and silver.
Guys if you actually think the country is going to collapse and fall apart gold and silver isnt what you really why anyways.
The things that will be worth more then gold and silver combined are guns, bullets, food, gasoline and things like that. Think about it, if i own any of those things, i would give 2 shits about your gold bars and in fact with you having the gold bars and me having the guns, i will just take your gold bars {just kidding}.
I think a better reason for buying them, is because we are running out of those things, but to buy them because you think the country is gonna go under in my opinion wont help you.
Buy the guns and bullets,and watch your profits fly by gold and silver.
I already got all that stuff.
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Quote Originally Posted by cd329:
Guys if you actually think the country is going to collapse and fall apart gold and silver isnt what you really why anyways.
The things that will be worth more then gold and silver combined are guns, bullets, food, gasoline and things like that. Think about it, if i own any of those things, i would give 2 shits about your gold bars and in fact with you having the gold bars and me having the guns, i will just take your gold bars {just kidding}.
I think a better reason for buying them, is because we are running out of those things, but to buy them because you think the country is gonna go under in my opinion wont help you.
Buy the guns and bullets,and watch your profits fly by gold and silver.
if you go the gun route + armageddon, it depends what class you are in. the regular people are going to deal in silver and some smaller gold bars.
the wealthier people are going to deal in large gold bars, rubies, diamonds and emeralds.
i use gold and silver as a substitute for cash and not for returns. i just want to maintain instrinsic value - something like what the OP said.
inflation is a way of sweeping away the old order and bringing in the new. higher prices are putting everyone in the Red Queen's Race - you want at a minimum to stay where you are, which eventually puts you way ahead.
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if you go the gun route + armageddon, it depends what class you are in. the regular people are going to deal in silver and some smaller gold bars.
the wealthier people are going to deal in large gold bars, rubies, diamonds and emeralds.
i use gold and silver as a substitute for cash and not for returns. i just want to maintain instrinsic value - something like what the OP said.
inflation is a way of sweeping away the old order and bringing in the new. higher prices are putting everyone in the Red Queen's Race - you want at a minimum to stay where you are, which eventually puts you way ahead.
if you go the gun route + armageddon, it depends what class you are in. the regular people are going to deal in silver and some smaller gold bars.
the wealthier people are going to deal in large gold bars, rubies, diamonds and emeralds.
i use gold and silver as a substitute for cash and not for returns. i just want to maintain instrinsic value - something like what the OP said.
inflation is a way of sweeping away the old order and bringing in the new. higher prices are putting everyone in the Red Queen's Race - you want at a minimum to stay where you are, which eventually puts you way ahead.
yea once everything breaks down and the USD collapses, it will be more or less business as usual, just with the wealthy trading in gold leaving Ag for the common man to trade in. get a grip
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Quote Originally Posted by 2gtt:
if you go the gun route + armageddon, it depends what class you are in. the regular people are going to deal in silver and some smaller gold bars.
the wealthier people are going to deal in large gold bars, rubies, diamonds and emeralds.
i use gold and silver as a substitute for cash and not for returns. i just want to maintain instrinsic value - something like what the OP said.
inflation is a way of sweeping away the old order and bringing in the new. higher prices are putting everyone in the Red Queen's Race - you want at a minimum to stay where you are, which eventually puts you way ahead.
yea once everything breaks down and the USD collapses, it will be more or less business as usual, just with the wealthy trading in gold leaving Ag for the common man to trade in. get a grip
been buying silver since it was $15 and still buying every month. I buy from silvergoldbull.com...but I'm in canada, so you should look into it before buying from them. They are fair, great variety and great customer service and turnaround.
as for silver stocks, I own Tinko (TK) in Canada at .17, now .60ish...still holding and actually think it drops this week as the technicals are showing a double top. Hoping to add at low .50's.
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been buying silver since it was $15 and still buying every month. I buy from silvergoldbull.com...but I'm in canada, so you should look into it before buying from them. They are fair, great variety and great customer service and turnaround.
as for silver stocks, I own Tinko (TK) in Canada at .17, now .60ish...still holding and actually think it drops this week as the technicals are showing a double top. Hoping to add at low .50's.
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