/biz/ - Business & Finance

I mainly stack gold to be honest but silver has more prospect to gain perhaps. I notice that companies who sell silver buy it back well below spot price, maybe that's just where I am. Gold seems to be bought close to spot. Anyway I have 25oz silver and about 4.5 oz gold. I'm looking for a way to store value discreetly and out of banking system. The rule of thumb is about 10% of wealth outside in metals generally.

>>11387307
>I notice that companies who sell silver buy it back well below spot price, maybe that's just where I am.
This. You get screwed hard when you go to sell back unless you can find someone locally to buy from you. Also, shipping large quantities of silver is expensive as hell.

>>11387056
>100oz of bullion
be careful with all that precious precious bullion anon

>>11387056
>buying silver
>thinking government created ANYTHING will be worth money in a collapse
dude....

>>11387056
silver is industrial base metal and raw material for jewelry. price will continue to decline.

>>11387307
>4.5 oz gold. I'm looking for a way to store value discreetly and out of banking system.
asprin jar lol wtf

>>11387519
>silver is industrial base metal and raw material for jewelry.
"stacking" (lol) silver is the greatest boomer meme of all time, imagine the flood back to the market when all the boomers die and all their morgans hit the market again

>>11387522
I don't think that's what he meant. But either way that's a terrible location. I use a neodymium magnet to store my gold in the most bizarre location imaginable that no one would find in a 100 years.

>>11387541
I just mean that finding a place far away from the greedy jew banks who are totally going to steal his shekel that will still be discrete might not be so hard since he only has 4 freaking coins lol

>>11387516
>silver
>government-created

t. Subzero IQ

American eagles sold out all over the place.
I hope you prepared for whats coming.

>>11387056
stop thinking there's going to be a currency collapse, stop thinking that silver would be worth much even if there was. The only hope for silver is that it starts being used in some new high tech electronics so demand spikes like crazy.

>>11387670
Quit larping. APMEX has over 10,000 available

>>11387696
>Quit larping. APMEX has over 10,000 available
that's not nearly enough, think about the demand I mean I use silver eagles all the time, i need lots of them

Yeah guys when you think about it being a manlet is a good thing! Like being a woman or a shitskin!

>>11387619
What is the magnet for?

>>11387437
Its not hard to find someone local to buy silver @ spot price. You also have /pmsforsale/ on leddit and ebay. Shouldnt be a problem is are dealing in liquid bullion like maples and eagles.

If you are selling below spot your are a dumbass. You can even sell at $1.5 above spot if you are patient since you would be under cutting local coin shops who tend to charge $2 -$3 above spot.

>>11388105
Imagine something metallic, like say a support beam in a ceiling or something. Now imagine a small bag with a magnet attached to it.

>>11388129
>ebay
10% right off the top
not gonna make it

leddit isn't bad, but if you have no reputation on pms you will have to ship first which is a huge risk

>>11388259
wut

>>11388280
Everything is a risk. You can get robbed locally, ripped off on leddit, ebay can fuck you over too.

All you can do is try to minimize the risk. Zero risk means never trading at all. In that case you might aswell become a mountain hermit.

Where do you buy gold/silver? I don't trust online retailers.

Also where can I learn about buying physical gold/silver that isn't one of these paranoid prepper youtubers?

>>11388456
>ebay can fuck you over too
ebay will automatically fuck you over no matter what, plus sellers have essentially no rights

>>11388408
imagine being so much of a brainlet that you can't figure this out

>>11388484
>Where do you buy gold/silver? I don't trust online retailers.
What's wrong with online retailers? I've shopped from all the major ones and never had a problem.

>>11388495
I know nothing about online retailers so I'm worried I'm going to get some Chinese gold plaited tungsten bar.

>>11388487
>Imagine something metallic
> Now imagine a small bag with a magnet attached to it.

>>11388508
Well for starters, never order bars, stick with coins. And if you order from the major dealers like APMEX, JMB, Liberty, SDB, etc. you'll be fine. You can test gold at home using a sound frequency test as well if you want to verify it. I've tested every coin and never found a fake.

>>11388515
Yes, we know you have a low IQ.

>>11388516
Ok that's buying it, but then what happens when I want to turn it into dollars? Is the selling of it the same, just send it back to the sites for cash or do I go to a bank to exchange it?

>>11388524
Most of the major sellers like APMEX and JMB will give you spot value for gold. You just send it in and they mail you a check the day after they receive it. Super easy.

>>11388520
Dude gold isnt magnetic

>>11388530
No fucking shit you dumb moron. I said BAG, a FUCKING BAG with a FUCKING MAGNET IN THE FUCKING BAG. LEARN TO READ YOU FUCKING ASSWIPE

>>11388516
I ordered a 100oz bar so I can melt ice cubes on it

>>11388538
WHAT IS THE FUCKING MAGNET FOR BAGS AREN'T MAGNETIC

>>11388541
I was referring to large gold bars not silver ones. There's more incentive to make a fake gold bar

>>11388545
JFC, is your IQ the same as a potato? You put the magnet inside the bag, I use a camera bag that has a small front pouch. You then place the gold in the main part of the bag. THEN you take the bag, with the magnet inside, and attach it to a metallic object, like a support beam or air shaft in a ceiling or some other unique location. How is this hard to visualize?

>>11388562
oh my bad
yeah I like gold coins too, my favorites are old coins not much over spot (sovereigns, peso, marks, and even a couple krugerrands)

>>11387056
>how much physical silver is enough
enough for what? Taking space in your apartment? Just buy gold you poor fucking fag

>>11388584
krugerrands and 20 francs are my favorite

>>11388562
Oh sorry fren i thought you said u were burying it with a magnet for some reason

>>11388584
>>11388590
For me its the 10 francs

>>11388280
This is why you wait for ebay to send you an offer to sell with 0$ seller fees usually for 5 items.

>>11388747
Then all you have to do is pray USPS scans it as delivered or else you'll get hit with an INR and have to eat the cost of what you shipped.

Picked this up basicly at spot on ebay from a major supplier. It was 1322$ but I got 100$ back in ebay bucks durings a 10% promotion plus the 13.22$ bonus cash on credit card.
Not bad at all when you can by nice collector pieces at spot because you can literally sell it for the same price the next day if needed.

>>11388623
For me, it's the McChicken. The best fast food sandwich. I even ask for extra McChicken sauce packets and the staff is so friendly and more than willing to oblige.

One time I asked for McChicken sauce packets and they gave me three. I said, "Wow, three for free!" and the nice friendly McDonald's worker laughed and said, "I'm going to call you 3-for-free!".

Now the staff greets me with "hey it's 3-for-free!" and ALWAYS give me three packets. It's such a fun and cool atmosphere at my local McDonald's restaurant, I go there at least 3 times a week for lunch and a large iced coffee with milk instead of cream, 1-2 times for breakfast on the weekend, and maybe once for dinner when I'm in a rush but want a great meal that is affordable, fast, and can match my daily nutritional needs.

I even dip my fries in McChicken sauce, it's delicious! What a great restaurant.

>>11388786
Yes I am aware of the risks but so far im about 10 for 10 on pm sales on ebay.

>>11388811
I dip my fries in a mixture of mcchicken sauce and sweet and sour.

t. Fat