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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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11368168 No.11368168 [Reply] [Original]

Welcome to /pmg/ - Edition #11 | "Hope you bought the dip" Edition
>Introduction
This is an inclusive thread for all precious metals discussion that pertain to investing in gold, silver, platinum, and palladium, for coins, rounds, and bars. Other metals (like copper) are welcome as well. Physical possession is always recommended. Please keep discussions civil and evidence-based, and refrain from unnecessary ad hominem arguments. If you prefer crypto over PM, that's fine. If you prefer one PM over others, that's fine too. Just remember, all precious metals are precious and have their rightful purpose in both industry and investment. A good strategy should be to diversify and have as many PM's as possible.

>Current Metal Prices (USD) - 10/11/2018 2:07:21 PM ET
Metal Bid Ask +/-
Gold 1224.94 1226.44 +30.91
Silver 14.59 14.64 +0.31
Platinum 839.10 849.10 +20.10
Palladium 1081.00 1087.00 +14.00

>Recommended Sellers
APMEX.com
JMBullion.com
LibertyCoin.com
GoldPrices.com

>Live Spot Prices
bullionvault.com/gold-price-chart.do
bullionvault.com/silver-price-chart.do
bullionvault.com/platinum-price-chart.do

>Previous thread
>>11284988

>> No.11368230
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11368230

>>11368168
yall niggers see that gold pump today!?
wish i bought more gold with my bitcone when it was 20k

>> No.11368361

TFW just bought 2.5oz of gold before the climb back up in price

>> No.11368400
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11368400

>>11368361
Where's your face?

>> No.11368689
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11368689

>>11368400

>> No.11368704

how silver doing these days?

>> No.11368711

I've got more to buy but am afraid it might not pump and retrace for a while. Don't want to use all my fiat up. You guys expecting a sustained price rise or what?

>> No.11368741

>>11368711
Let me check my crystal ball and get back to you.

>> No.11368768
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11368768

>>11368168
>collecting shiny physical rocks

>> No.11368822
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11368822

>>11368768
>collecting numbers in a database

>> No.11368915
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11368915

>>11368768
>Tfw you realize that you are collecting 0's and 1's

>> No.11369007

>>11368822
based and redpilled

>> No.11369320

I think I will buy next week when I have time again (anon in person there).
20oz silver sealed in a tube and 1/4 gold

Or should I go for 1/2oz gold in total instead?

Currently have 12oz silver, different coins in one tube which got some yellow stains.
Now I want to to go for sealed "per tube" purchases so selling one day will be easier.

>> No.11369344

I’m in Antwerp, are gem stones a good investment? Or will i just get ripped off

>> No.11369350

I just remembered I have 30oz in gold I inherited from my uncle.
Hold?

>> No.11369406

>Decide to get into locksmithing
>That gets me looking at tooling metal
>That gets me looking into smithing metal
>That gets me looking at precious metals
>That gets me looking into numismatics
>That brings up the question of tracking prices

How deep does the rabbit hole go /pmg/?

>> No.11369448

>>11369406
going to leftover silver mines to get some silver out there and create your own jewlery or ring for your spouse.

https://www.youtube.com/watch?v=2epi6xRFKFE

>> No.11369456

>>11369448

At a certain point that's an option. Including building my own security systems to hold the jewelry. Damn.

>> No.11369477

>>11368822
> collecting numbers in a database
It works.

>> No.11369820

PM + bump

>> No.11369828
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11369828

>>11368768
>rocks
>is a metal

>> No.11370116
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11370116

Coin collecting's a hobby of mine, so I've been alternating between buying numismatic items and government silver bullion coins. As someone prone to hoarding stuff, at least coins take up tiny amounts of space and usually retain some of their value over the years. Just went to a coin dealer today and picked up a low MS 1922 Peace dollar for $30, which is fair.

>>11369344
Precious metals are more fungible and easier to sell, gemstones are all unique and you need more specialized knowledge to understand their worth.

>>11369350
Gold's relatively low right now so holding's probably a good idea.

>> No.11370219
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11370219

>> No.11370395

>>11369828
Diamond is the hardest metal of all

>> No.11370414

>>11370395
dafaq am i reading

>> No.11370423

>>11370414
It’s a scientifically proven meme. Look it up.

>> No.11370617

>>11370116
>Peace dollar for $30
2.7x times over spot, kek
I know I know, muh numismatic value

>> No.11370899

gold stocks on fire today

>> No.11371024

APMEX is currently offering Silver Eagle tubes for $2.49 over spot until noon eastern tomorrow if you buy through a mobile phone.

>> No.11371253
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11371253

>Set aside money to get into stocks but at the last minute bought a bunch of silver.
>Tfw 24 hours later I start seeing bad news in the stock market.

>>11371024
SD Bullion has a good deal on singles if you're not looking to buy a tube, not that you'd want to pay for individual ones but still.

>> No.11371396

Shit. I was just about to place another order with APMEX and from my last order on September 20th to today they are now charging sales tax. Screw that.

>> No.11371527

>>11371396
Same here, what state are you in?

>> No.11371580

>>11371527

Wisconsin

>> No.11371589

>>11371396
Also, LibertyCoin is not charging sale tax on any orders as of right now. Same for MintStateGold, although they have a minimum purchase requirement of 5 coins for any order.

>> No.11371635

>>11371580
Damn, this was just like 2 states a couple months ago, now it includes a few more

>Additionally, some states require sales tax be collected regardless of items included in the order. In accordance with these laws, APMEX currently collects tax on orders shipped to Hawaii, Kentucky, Maine, Mississippi, New Jersey, Vermont and Wisconsin.

https://www.apmex.com/faq/miscellaneous-gold-silver-questions

>> No.11371808

>>11371635
https://web.archive.org/web/20170102183946/https://www.apmex.com/faq/miscellaneous-gold-silver-questions

>> No.11371857

>>11369344
gem's and diamonds are a scam goy.

>> No.11371867

>>11370423
>>diamond
>>metal
lel, have fun investing in your hard metals

>> No.11371881

>>11370899
Fucking crazy
I was waiting for them to dip deeper ;(
oh well...
Kirkland and hochschild biggest positions.
Hochschild is still low. mainly thinking of buying into that one.

>> No.11372305

Any other decent low mintage 1 oz silver coins outside of Perth Mint? I bought some nice Dragon and Tiger silver coins before the price went up.

>> No.11372322

>>11368768
gold will always have value. it's a reason why the elite hoard it all, drive the price up overtime, and sell (ration) tiny pieces (ounces and kilos) of it to us

>> No.11373290

so where do ya silverbugs buy from?

>> No.11373301

Who here /goldchad/?

>> No.11373302

i unironically fell for the precious metal meme , what am i in for? and what do since im a newfag. where can i use this silver how do i sell or wat

>> No.11373473

>>11373302
If you have coins you can enjoy looking at the pretty pictures on your metal disks and learn about the history behind them instead of spending time in a fantasy designed to separate you from your money.

And you sell it by knowing what you have and going to multiple local retail coin dealers and seeing what they offer. I haven't had to sell anything yet so I can't really give advice, except to say you're probably going to get a better price at a coin shop than at a pawn shop.

>> No.11373526
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11373526

>>11368768
>>11368822
>>11368915
LMAO but for real both have intrinsic value ffs diversify. One is used in the industrial sector and one is used in the technology/financial sector.

>> No.11373538

>>11373301
I'm sitting on about a pound of gold, feels good man

>>11373290
APMEX is good if you're not in a state where they enforce sales tax. LibertyCoin isn't enforcing sales tax so they would probably be a good option.

>> No.11373554

>>11373538
Damn nice stack bro

>> No.11373722

>>11369320
Just raw bullion. I get culled maples and eagles. Cheapest around. The shit comes in plastic bags sometimes. Low premuims. Scratched, beat up, milky spots idgaf.

You think jp morgan cares in what condition thier silver is. As long as its 1000oz LMBA bricks its all good.

>> No.11373737
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11373737

>> No.11373738

>>11371635
Pay your (((tribute))) goy.

>> No.11373767

GREAT DEPRESSION 2.0 IS ABOUT TO START AND I HAVENT BOUGHT 1KG OF SILVER AND CHEST OF GOLD COINS

>Y EVEN LIVE

>> No.11373774

>>11373738
The constitution defines gold and silver as money. You can't tax money. Imagine if you go to the supermarket and ask to convert a $20 to 4 $5 but you get charged $1.20 in tax because you "purchased" $20 with $20

>> No.11373827

also what can we do about goyim buying gold pushing prices up? Im not finished buying so they have to stop.

>> No.11373857

>>11373774
Constitution says alot of things but americans have given up their freedom for security. You might as well wipe your ass with it.

>> No.11374008

I hope we go back down. Below 12 hundos is where I want it to be.

>> No.11374150

https://www.zerohedge.com/news/2018-10-11/gold-standard-protector-individual-liberty-and-economic-prosperity

>> No.11374807

>>11368704
still undervalued
keep in mind lots of production is still dependent on shitholes like Mexico and South Africa. if the niggurs take back SA then the price of gold & silver are going to go up big timeeeee

>> No.11374819

>>11369828
technically gold, silver and copper are like super-metals. they have properties that no other metals have. nothing comes close. copper is extremely important for basic wiring. gold and silver are used in all electronics and medical industries. dumbfucks don't know shit.