[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 122 KB, 615x310, 1540951033577.png [View same] [iqdb] [saucenao] [google]
12127306 No.12127306 [Reply] [Original]

Welcome to /pmg/ - Edition #13 - Restart 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) - 12/14/2018 5:00:39 PM ET
Metal Bid Ask +/-
Gold 1237.67 1239.17 -3.63
Silver 14.55 14.60 -0.19
Platinum 781.00 791.00 -10.50
Palladium 1246.50 1251.50 -10.50

>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
>>11584980

>> No.12127400

>>12127306
Bought some more silver yesterday. Feels good man.

>> No.12127501
File: 196 KB, 1600x1200, screencapture-tradingview-chart-2018-12-15-12_04_10.png [View same] [iqdb] [saucenao] [google]
12127501

I've been looking at platinum recently. Look at the big picture chart. It's reaching a price level where there's been buyers. Be careful though, there is a large oversupply in the market now. So it could drop lower than everyone's expecting before finding support this time.

>> No.12127519
File: 28 KB, 320x180, 8D39416C-C2FB-4D89-9201-B593C9D78026.jpg [View same] [iqdb] [saucenao] [google]
12127519

>>12127306
>chinks your gold
>nothing personal round-eye

>> No.12127542
File: 283 KB, 1500x850, gold.png [View same] [iqdb] [saucenao] [google]
12127542

>>12127306

>> No.12127615

Where are the best places to buy silver at near spot? Silver is cheap enough that I'm not super worried about fake coins.

>> No.12127675

>>12127519
I always recommend avoiding bars. Stick with coins/rounds and do a sound frequency test to verify each one.

>> No.12127690

>>12127542
no one bought bitcoin in 2011, those were rare early adopters, most of the people who bought bought at the peak in 2017/2018 and are now getting justed hard by bobo
also, not very fair to compare gold's ath in 2011 to current prices, if you had bought in early 2000's you'd be up 500% right now.

>> No.12127696

>>12127501

Relative to gold, platinum has been cheap for a long time. It’s probably the most undervalued of the major metals.

>> No.12127703

>>12127615

APMEX, JM Bullion

>> No.12127783

>>12127542
Bitcoin is not gold and gold is not bitcoin. Gold is unique. Bitcoin can be replicated. Gold has been a currency related commodity for thousands of years. Bitcoin has been a market for 10 years. Bitcoin has been a bull market with the stock market and now is a bear market with the stock market. Gold is not about it's $ value but rather is a protection against inflation. Bitcoin depends on $ value. Gold has trust. Bitcoin has doubt. Gold is steady. Bitcoin is volatile. In world financial and equity markets, investors hedge and invest in markets that are not volatile in cases of major corrections, recessions, crashes, and depressions. Gold is the REAL answer to a financial system created by debt and interest rates, however, western financial leaders don't want you to know that. Instead they want you to believe it's misplaced trust and a dying method. We hold gold not as derivatives, speculation, or for banks to keep safe for us. We hold gold under our mattresses for a rainy day when shit hits the fan.

>> No.12127837

>>12127306
You guys forget about providentmetals.

Gonna buy a gold eagle soon. I want a 100oz.

>> No.12128085

>>12127690
>buying in btc in 2011
>not just mining it on any shitty box you had sitting around collecting dust
It’s like you deserve to be poor

>> No.12128161

>>12127501
South Africa are the leading suppliers of platinum, if they destroy their country after seizing white farmer's land in the coming spring expect it to become much more scarce.

>> No.12128182

>>12127542
>look at my arbitrary date
>this is the best comparison

K

>> No.12128216

>>12127306
bought some silver feels good man

>> No.12128246

>>12127615
you can unironically buy silver at spot on r/pmsforsale

>> No.12128274
File: 6 KB, 181x200, steveolel.jpg [View same] [iqdb] [saucenao] [google]
12128274

>>12127306
You guys are still talking about something last used over 100 years ago?

Please

>> No.12128277

>>12127306
If you check the last couple of years it rallied from the third week of december till summer.

>> No.12128331

>>12128274
>$7 trillion marketcap
>last used 100 yrs ago
I couldn't imagine being this dumb

>> No.12128381
File: 445 KB, 750x1253, A352570C-D191-4573-86EC-C75B1789DBA7.jpg [View same] [iqdb] [saucenao] [google]
12128381

>>12127306
I’m mostly a silver guy myself and like to buy more numismatic coins rather than rounds. Although they have higher premiums the fact that there is a limited amount of them adds to their rarity and value when held. For example I bought this Silver Panda in 2016 for less than a dollar over spot and even though spot price has gone down I have still made gains. If buying numismatic coins I am warning you that Canadian coins get milkspots on them and will ruin their value. My favorites are Pandas, Kooks and Congo coins.

>> No.12128411
File: 41 KB, 634x424, Phugge-1.jpg [View same] [iqdb] [saucenao] [google]
12128411

pls sir buy shiny rock, is very value and very shiny buy now sirs

>> No.12128422

>>12128381
I've gotten burned too many times on numismatics so I swore them off. Only bullion at spot now. Although I do have an incredibly rare 1905 Swiss gold coin that would grade MS66. The PCGS population of that coin at that grade is exactly 1 and the highest.

>> No.12128425

>>12128331
\/
>>12128411

>> No.12128447

>>12128425
pretty sure that guy is shilling bitcoin sanjay vision not gold

>> No.12128449

>>12128422
Nice that sounds like an awesome coin to have. Which numismatics gave you problems?

>> No.12128457

>>12128277
Yeah I've noticed that as well. I'm planning to buy about 4 oz before Christmas

>> No.12128464

>>12128411
Plz sir by my computer Ponzi scheme “money”

>> No.12128490

>>12128449
I had some old European silver and Morgan/Peace. I took a loss when I needed to sell because no one wanted to pay the premium I had payed even though the price of silver was roughly the same when I had acquired it. Maybe I just made bad choices, or maybe modern silver numismatics are better, I never had any of those.

>> No.12128497

>>12128490
I also took a loss on some gold numismatics but it wasn't as bad as the silver.

>> No.12129165

>>12128490
Yea well I believe the price of silver will skyrocket so getting the most bang for your buck is a good stratagy too.

>> No.12129609
File: 31 KB, 657x527, 1542680579093.jpg [View same] [iqdb] [saucenao] [google]
12129609

>>12127306
Paid a 13 yr old zoomer last night one Indian head silver ounce coin to shovel 6" of snow from my porch and driveway....never been paid for work in his life.
Told him if he didn't dona good job in would never contract him to do it again, he had no idea wtf a silver ounce was.
Told him, dis real money boy, not currency.
Kid did a baller job then caught bug and the meek little fucker asked a neighbor wine aunt if she would give him $11 to do her driveway.
Thought she was gonna suck him off.
>mfw I spawned a new member of silver fags

>> No.12129663

Small amount of Gold and Silver coming down the pipe for me right now
Gonna save for more once I get a new job next month

>> No.12130048

>>12128464
Boomer spotted

>> No.12130096
File: 1.21 MB, 3072x2304, muh shiny things.jpg [View same] [iqdb] [saucenao] [google]
12130096

where's a good place for gold coin blanks? i want to stamp my own family crest onto a couple Oz's.

Also, someone talk to me about gemstones and pearls. If I'm going to have a material investment like this I want to go full pirates treasure.

>> No.12130118

>>12130096
I think sunshine mint would stamp some gold for you

>> No.12130141

>>12130096
avoid gems and pearls, not very liquid and hard to price since each one is different.
https://www.youtube.com/watch?v=7OwkPGIYY64

>> No.12130660

PM + bump

>> No.12130902
File: 46 KB, 660x330, 6366BEBA-5B1D-478B-A41E-0B98A34A8F7B.jpg [View same] [iqdb] [saucenao] [google]
12130902

>>12130048
You got me punk ass zoomer