/biz/ - Business & Finance

>>58408289
As far as gold:
-avoid bars, unless you can get them at least 2.5% cheaper than any big 6 bullion coin
-most of the time, the dealers most often pay the same price for big 6 coins, so buy whatever is cheapest BUT in cases of ties or near ties, get AGE/Buffalo > Maple > Roo > rest (I'm from EU - it's a lot different in the US and UK)
-I found historical gold more enjoyable than bullion, but bullion coins are definitely the most efficient, quick and liquid when it comes to cashing out
-don't underestimate jewellery, you can sometimes get it below spot and it's by far the best type of bug out gold

For silver:
-buy only big batches (tube or more) as cheap as possible
-only get smaller amounts if the price is crazy good, but make sure the seller is reputable.
-thooughever all you need to make sure that 999 pure silver is genuine is a measuring tool and a neodymium magnet, so you can take chances
-NEVER PAY PREMIUM FOR PREMIUM BULLION COINS. You will regret it or you'll trick yourself into believing that you didn't waste your money (and still regret it deep down). Stick to generic rounds as close to spot as possible. Seriously, any gold coin will always infinitely mog even the best designed silver coin. If you want eye candy, buy GOLD.

sitting on roughly half a kilo of gold, thinking of redeeming like 2 ounces
good idea or do you guys think it'll keep going?

>>53318918
>silverbacks have dragons on them
>goldbacks have the mercury dime FWTDHWAHDOQAs
why

>>53287005
There are some anons here who like them but to me they're mostly a novelty item. Buy a couple if you think they're pretty but do not think about them as an investment. Bottom line, they're essentially very high premium (like double over spot) fractional gold pieces, where the element is a pain in the ass to extract.
I think about it this way - if I buy gold at spot, I essentially don't pay anything. I can pay goldback-tier premiums, but only for historical numismatic gold. Therefore I'd only ever buy goldbacks if I wanted a collection of them for numismatic appeal.
If you want small amounts of cheap gold, you have some options such as common historical pieces like 20 Franc LMU coins, which you can grab for as low as 1-2% over spot (so like $400). That or you can go jewellery hunting (as long as you know how it works)
If you don't have a couple hunnids to spend at a time, I recommend you just go for silver

>>49313175
I'm also suffering from dragon fever
I have so many gold coins ordered at any given time that whenever I open a package I don't even know what I'm getting