Investing in Precious Metals

MajorVitaman

MajorVitaman

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As I'm sure you all know, Amerikkka's debt is beyond insane, we'll be getting to 20 trilly soon. As a young bruh who likes to study history, this doesn't look good for the future. This country can only strong arm their way into world cooperation for so long before the chickens come home to roost.

Anybody in here knowledgeable in buying precious metals like Gold, Silver, Platinum etc.??? Anybody knowledgeable on KaratBars? Is it a scam? Would it be better to buy the physical metals and put it away? I'm just trying to gain some real advice on the topic cause there are a lot of smart bruh's and bruhette's in TheColi. & it seems like everyone I talk to about this is either way out in space with the conspiracy stuff or act like I'm crazy for bringing up the fact that fiat currencies have an average lifespan of 27 years.
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Camile.Bidan

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I bought a couple grand in silver and gold during 2008. I just bought the actual metal.

I sold right at the peak though during 2011. I havent purchased any since then.

A lot of the demand was being drummed up by Alex Jones, Michael Savage, Peter Schiff and other right wing commentators. They don't have the same pull anymore as the right wing has been fragmented. They also were wrong in a lot of predictions, which could turn out to be wrong on the timing rather than the direction. Also, the 10 year bull run in commodities ended in 2011, so I would stay away from metals and commodities.

Stocks may or may not hit a cyclical low in the coming year. I would save your money and purchase stocks, rather than metals, as soon as people around you start feeling economic pain, and the populist' voices get very loud. That's the time to buy.
 
MajorVitaman

MajorVitaman

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Camile.Bidan said:
I bought a couple grand in silver and gold during 2008. I just bought the actual metal.

I sold right at the peak though during 2011. I havent purchased any since then.

A lot of the demand was being drummed up by Alex Jones, Michael Savage, Peter Schiff and other right wing commentators. They don't have the same pull anymore as the right wing has been fragmented. They also were wrong in a lot of predictions, which could turn out to be wrong on the timing rather than the direction. Also, the 10 year bull run in commodities ended in 2011, so I would stay away from metals and commodities.

Stocks may or may not hit a cyclical low in the coming year. I would save your money and purchase stocks, rather than metals, as soon as people around you start feeling economic pain, and the populist' voices get very loud. That's the time to buy.
Click to expand...

Word thanks a lot. Any reliable precious metal retailers or does that not matter? Ever heard of KaratBars?
 
MajorVitaman

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newworldafro

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Tha Sircus

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You should buy. Fiat currency is worthless and when the dollar hyperinflates you will be glad to have something that holds value in its self as a opposed to the dollar or other currency that is just paper which values depends on monetary policy and other factors you can't control.
 
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Lifer11

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Buy the physical metal always. My friend's dad told me buy physical gold and silver back in 2002, if I would've listened I'd be set right now. I followed it from then and bought small amounts of silver over a couple year period nothing significant though, by then gold was already too high. It was up around $45-50/oz at one point, I sold off what I had at that point and then when it came back down I bought a bunch of silver bars, mainly 10 oz bars. I got all of mine in the $19-21 range so since it's gone down I'm just holding it now, not even thinking about selling it unless it has an insane price spike again. That's the way to approach it, unless you've been studying it for a long time and can spot the bubble approaching and have the cash to buy a ton of it up looking to make a quick profit, but one of the main draws like @Tha Sircus said is as a protection against the uncertainty of fiat currency so even if the price skyrockets it's always good to have physical metal stashed away. A general rule of thumb from many gold/silver bugs is to keep around 30% of your wealth in precious metals.

And www.apmex.com is a very reputable site to buy the physical metal from. That's where I got most of mine from, though you'd probably find a better price at a local dealer that takes more research and more risk so it's not always worth it until you're up on game enough.
 
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ill

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Lifer11 said:
Buy the physical metal always. My friend's dad told me buy physical gold and silver back in 2002, if I would've listened I'd be set right now. I followed it from then and bought small amounts of silver over a couple year period nothing significant though, by then gold was already too high. It was up around $45-50/oz at one point, I sold off what I had at that point and then when it came back down I bought a bunch of silver bars, mainly 10 oz bars. I got all of mine in the $19-21 range so since it's gone down I'm just holding it now, not even thinking about selling it unless it has an insane price spike again. That's the way to approach it, unless you've been studying it for a long time and can spot the bubble approaching and have the cash to buy a ton of it up looking to make a quick profit, but one of the main draws like @Tha Sircus said is as a protection against the uncertainty of fiat currency so even if the price skyrockets it's always good to have physical metal stashed away. A general rule of thumb from many gold/silver bugs is to keep around 30% of your wealth in precious metals.

And www.apmex.com is a very reputable site to buy the physical metal from. That's where I got most of mine from, though you'd probably find a better price at a local dealer that takes more research and more risk so it's not always worth it until you're up on game enough.
Click to expand...

Do you buy gold bars or minted gold coins? I'm gonna start looking into it (not for an investment) and I was wondering what kind of premiums minted gold coins get over the spot rate? Looking into the one ounce American Eagle mints. Good info = dap+rep
 
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