And now the run on silver and gold...

[Beendare]

Every investment has risk. Key is to be able to ride out some of the storms....and not be too leveraged. Leverage increases your risk.

We saw it with the stock drops in the past

We saw it with the housing crisis in 08,09- folks that were leveraged into expensive homes didn't have staying power...now those homes [around here] have more than doubled

We saw it with farmers in the Chinese trade wars.....

Its better to leave a little on the table...than to be over leveraged.


_______

 

[dirtytough]

Bogleheads.org is a great website for investing and tax efficiency. Probably would benefit people to spend as much time on there as they do on more fun stuff like hunting forums or what not.

Regards, Branden

 

[Clockwork]

What are some good places online to buy silver from?

 

[Crowmangler]

A few years ago when I was buying JM Bullion & Provident Metals had the best service & prices

 

[Clockwork]

A few years ago when I was buying JM Bullion & Provident Metals had the best service & prices

Awesome, I’ll check them out.

 

[RS3579]

Funny story. I demolished my kitchen in December 2013. Out of the ceiling falls a small safe wrapped in a trash bag. In it was 252 1oz pure silver American Eagle coins. I’ve kept them to this day. What do I do with them?

 

[Clockwork]

Funny story. I demolished my kitchen in December 2013. Out of the ceiling falls a small safe wrapped in a trash bag. In it was 252 1oz pure silver American Eagle coins. I’ve kept them to this day. What do I do with them?

That’s a nice little find and a good little chunk of change.

 

[Sled]

Funny story. I demolished my kitchen in December 2013. Out of the ceiling falls a small safe wrapped in a trash bag. In it was 252 1oz pure silver American Eagle coins. I’ve kept them to this day. What do I do with them?

they always say that a kitchen remodel pays for itself.

 

[menhaden_man]

Check out those metals! Even the digital kind is crushing it.

 

[JRMiller]

I see several guys here reference metals as an investment.
I just want to point out to everyone that except for the elite rich, metals are not an investment.
They are a hedge against inflation.
As any currency becomes weaker due to inflation, the price and value of metals in relation to that currency is higher.
The reason you see prices of gold/silver higher now has more to do with inflation than actual worth.
The Fed is causing inflation (weakening of the dollar) because they are printing trillions of dollars and giving it away.
The buying power of the dollar is weak because of that, therefore it takes more dollars to buy the same amount of metal compared to six months ago.
So if youre hoarding dollars its loosing its value as it sits under youre mattress.
Where as metals will either hold or gain value while its sitting

 

[RS3579]

Anyone know where to sell .999 silver coins?

 

[JRMiller]

Anyone know where to sell .999 silver coins?

If you go on findbullion.com there are several places like JM Bullion that will buy.
But check youre local coinshops too, i haver seen certain items pay better at your LCS. It doesnt hurt to inquire

 

[JRMiller]

If you go on findbullion.com there are several places like JM Bullion that will buy.
But check youre local coinshops too, i haver seen certain items pay better at your LCS. It doesnt hurt to inquire

Whoos, meant findbullionprices.com

 

[menhaden_man]

Anyone know where to sell .999 silver coins?

APMEX will buy... I think Gainesville Coin will too. Agree with the other post that it’s easy to check locally to avoid shipping and anxiety

 

[Sb23]

I see several guys here reference metals as an investment.
I just want to point out to everyone that except for the elite rich, metals are not an investment.
They are a hedge against inflation.
As any currency becomes weaker due to inflation, the price and value of metals in relation to that currency is higher.
The reason you see prices of gold/silver higher now has more to do with inflation than actual worth.
The Fed is causing inflation (weakening of the dollar) because they are printing trillions of dollars and giving it away.
The buying power of the dollar is weak because of that, therefore it takes more dollars to buy the same amount of metal compared to six months ago.
So if youre hoarding dollars its loosing its value as it sits under youre mattress.
Where as metals will either hold or gain value while its sitting

Dead on.

 

[ozyclint]

^^^ x2

gold value is stable over time (a property of real money) it's the value of currency that goes up and down....well mainly down.

there was a time when US$35 could be swapped for 1oz gold.

i'm hedging my bets on the US$ not regaining the value it once had. how can it? they are printing trillions into existence.

classic currency debasement. the romans did it by minting coins with less gold in them for the same face value. these days it's even less effort, just type some zero's on the end.

 

[5MilesBack]

They are a hedge against inflation.

My SLV "hedge against inflation" is up over 100% since I bought it in March. That's a pretty good hedge.

 

[Pacific_Fork]

Never met a wealthy man who collected metals and rocks. My friends that have been telling me for years to “invest” in gold and silver still drive 1990 Toyota camerys and live at home...but hey I’m sure one day their treasure chest will be worth something!?!

 

[DenverCountryBoy]

Never met a wealthy man who collected metals and rocks. My friends that have been telling me for years to “invest” in gold and silver still drive 1990 Toyota camerys and live at home...but hey I’m sure one day their treasure chest will be worth something!?!

A lot of people driving fancy cars and living in McMansions are in debt up to their eyeballs. One mistake or misstep will put them on paupers row.

You build wealth by living below your means.

 

[5MilesBack]

Never met a wealthy man who collected metals and rocks.

A lot of big investors keep 5% of their assets in precious metals. For some of those guys that's 10's of millions in metals. But some metals aren't super-liquid, so I prefer some of the ETF's that invest directly in the metals or the mining companies. I also have a bunch of other metals in actual holdings like lead, brass, and copper.........which seem to be in short supply right now, but can be very liquid when you want to sell them. But I don't drive a 1990 Toyota, I drive a 1989 Toyota.......because I can.