Investing in Precious Metals

[OsO]

Depends on what you want to accomplish.

If you simply want to protect your wealth from the eventual devaluation of the dollar you can buy precious metal stock and don't necessarily need the physical metal. You can invest in an ETF or in a company that actually mines and produces said metal.

If you're ever in a situation where you actually need physical gold or silver it's probably too late. You'd be better off trading it all for a gallon of water, a lighter, and a gun.

 

[Tate]

Conversly, we actually need more debt

 

[MajorVitaman]

Conversly, we actually need more debt

How do you mean?

 

[Tate]

How do you mean?

Debts a commodity to be traded. In a stable, wealthy country like the the us that has the confidence of the world's creditors, more debt is just another product to be sold and held.

 

[OsO]

Debts a commodity to be traded. In a stable, wealthy country like the the us that has the confidence of the world's creditors, more debt is just another product to be sold and held.

What about our economy strikes you as "stable?"

 

[88m3]

there's much better investments.

 

[Tate]

What about our economy strikes you as "stable?"

Speaking to the stability of the nation, not necessarily the economy.

 

[OsO]

Speaking to the stability of the nation, not necessarily the economy.

I would say the stability of a nation is DEPENDENT on the stability of it's economy. And since our economy is the epitome of unsustainable...

 

[Lifer11]

Depends on what you want to accomplish.

If you simply want to protect your wealth from the eventual devaluation of the dollar you can buy precious metal stock and don't necessarily need the physical metal. You can invest in an ETF or in a company that actually mines and produces said metal.

If you're ever in a situation where you actually need physical gold or silver it's probably too late. You'd be better off trading it all for a gallon of water, a lighter, and a gun.

Nah man I disagree.

In an event as colossal as the collapse of the dollar the funds that sell stock in metals would be exposed. Stock in metals could really only be argued in favor of if your goal is to try to make a quick flip on the metals. It's damn near considered common knowledge that they sell way more stock than they actually own in physical bullion, even if they had the physical metals in their possession you would want to go get it for yourself (which would be a very dangerous thing to do in such an event) or else all you'd have is another form of worthless paper in the stock certificates. During such an event is exactly when you would need physical metals...or gallons of water, guns, etc. because a bartering system would be in place until a new currency was created, at which point you'd be ahead of the game because whatever metals you had left would be able to get you some of that new paper money.

 

[Lifer11]

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

I didn't buy any gold I bought silver, but it's the same concept. When I started I was buying some silver eagles and a bar here and there, then for my big purchase I bought a decent amount in silver bars, and then gradually bought up some more silver eagles. I never bought any other coins aside from the basic American Silver Eagle. The markup is far greater on coins, but the potential ROI is also far greater, so it kind of evens out, and you know at worst they will never be worth less than the bars so it really comes down to preference. I'd suggest buying a little of both (also a little of both gold and silver), but going with the bars at first and building a nice foundation while continuing to research and find out the coins that are getting a lot of buzz.

Also right now there's actually far more potential in silver. The traditional price ratio from gold to silver is around 16-1, right now it's like 78-1, and silver is actually rarer than gold and more in demand industrially speaking. Going by that, today's spot prices are gold $1085/oz and silver $13.85/oz, if the prices were to go to the traditional 16-1 silver would be $67.81/oz (or gold would fall to $221.60/oz). It'll take a while, but it's almost certain they'll eventually return to somewhere much closer to that 16-1 price ratio, at which point silver would have proven to be a much better buy. But really it's all on you and your preference, just continue to research it like any other major purchase/investment.

 

[Ethnic Vagina Finder]

Californium 252

Can't go wrong with that. And if you can get your hands on some you'd be set for life

 

[ORDER_66]

 

[Why-Fi]

spot prices are moving in the right direction FYI
Silver and Gold Are Metals to Hold as Prices Glitter Again

 

[ConPHIdential]

Made 4K over the weekend playing Silver.

 

[Starski]

1. Record breaking amounts of future contracts in silver/gold are be physically settled.
2. 
   
3. Fed cutting supply of physical silver/gold to suppliers

My biggest worry is that A) it's a crowded trade, and B) the dollar... how long can the dollar go?