/biz/ - Business & Finance

Ask 19 different stackers get 19 different answers. Some of which will have full on autism meltdowns about it.
Just get what grabs you, as long as it's from a reputable source. AG = AG

>>12260378
based answer thank you I think I’m gonna get all ASE’s

>>12260435
Not a bad choice desu

>>12260378
>>12260357
This, but if you want closest spot value during trades, go with Maples or Eagles. Youll be able to liquidate those quicker and closer to spot value.

In the end AG=AG. If you plan on hording, shit dont matter, except the integrity of the seller youre purchasing it from, as was all stated.

>>12260483
is apmex okay?

>>12260584
That's who I use no probs

>>12260357
silver price has barely moved at all the past 8 years...why would you want to buy silver?

>>12260673
Because the price has barely moved in the past eight years.

>>12260673

>>12260357
Just buy raw bullion at lowest price.

>>12260736
>>12260742
but if the purpose of buying silver is to keep up with inflation, shouldnt the price rise?

>>12260673

Becauze when the dow tanks people will return to precious metals. Gold has room to move up, but silver is proportionately way lower than gold right now. It is at an 80:1 ratio which is a historically low price. I just bought another 100 oz ingot plus bought call options for silver.

>>12260767

And yet, if you look at the price of silver during the great recession, it didn't act that way.

It went from $17.87 before to $23.69 in February 2008, but then dropped to $11.33 in October.

It eventually went up at the same time the stock market did, but if you had bought silver to protect against the crash, you would have lost money.

And even though it went back up to a maximum of $54 before going back down until now, the gains you would have made when it went up were still less than the gains you would have made buying stocks at the bottom.

>>12260357
If you're an American, getting American Silver Eagles is a good bet because of its high recognizability and the fact that it's actually legal tender. Even if silver somehow becomes worth ZERO dollars, each ASE is still has a value of one dollar.

If you don't want to pay the premium of the ASE, getting silver maple leafs is also fine. The years don't matter since you're buying bullion coins which pretty much don't have any numismatic value.

>>12260814
If you want to hedge against a crash just buy puts. The silver is a hedge against hyperinflation, and as previously stated historically low in USD and compared to other metals.

>>12260850

This.

>>12260850
Yeah just buy pushed. You won't get ass fucked by theta, you can time the recession perfectly. No way you'll get butt fucked by wall Street like every one else, just keep buying puts

>>12260886
Yeah, just agree with the out guy. Just keep buying those puts boys, it's the new 401k. If you put 200 in puts expiring next year every month of your life you'll get a million dollars when you're 65. From these puts

>>12260357
It doesn't matter. Just buy the metal at the closest to spot price.

All you silver haters can get ready to rejoice. I just bought another 10oz bar. It's going to be delivered to me on Saturday so that means the silver price is going to tank on Friday.

>>12260357
buy high sell low

I heard that someone needs to cash out several tens of thousands worth of crypto without alerting the IRS. If that person buys well less than 10k silver at a time from different precious metal exchanges like apmex over the course of a few months (spacing out purchases and using different wallets) are they at risk? How hard would it be for them to unload all those silver coins later for cash?

>>12261275

do you have any idea how much shit you would be in if you get caught trying to pull some "clever scheme" to avoid paying tax

>>12261275

They torture tax evaders just so you know. Even celebrity ones. Read up. Imagine what they’d do to your nobody ass assuming you aren’t larping. Get right with Uncle Sam, tax evasion is the worst crime you can commit in the USA.

>>12260886
Mormons are freaks and thirdworlders.

>>12261350
>t. Mexican catholic

>>12261275
Use gold for that, you'd be buying kilos of silver.
Never did it but yeah different wallets then cash out at coin shops/nigger lending joints for cash - just don't let (((them))) give you less then spot & don't run & put your money in a bank account. You will take a haircut but less than taxes

>>12261310
>>12261343
Cucked

>>12260357
I find buying silver is more enjoyable if you are also a collector of coins.

Get diffrent coins, learn their history, what makes each valuable compared to their peers. Learn what to look for, like dates and condition.

Many of the coins are beautiful and worth owning at least 1

>>12261383
I'm white, you fucking retard. And I live in utah county so don't even try to pull any "you don't know what you're talking about" bullshit like shills have done in other threads
Plenty of mexicans are lds anyway because they get even more diversity benefits.

>http://www.kuer.org/post/lds-church-celebrates-its-black-mormon-history-many-still-grapple-painful-past
>https://www.nytimes.com/2015/10/11/us/black-mormons-assess-churchs-racial-progress.html
>https://www.newsmax.com/bestlists/newsmax-list-mormons-influential/2016/08/24/id/744898/

>>12261506
Mormons are typically white too fren, but I’ll defer to your superior knowledge of the subject. Why are you still in Utah if you hate them so much?

>>12261310
>>12261343
So, there are ways other than 10k minimum sales reporting or a Suspicious Activity report filed by the vendor for them to detect these transfers into physical assets?

This person I heard about would be ok holding onto precious metals and slowly divesting over the course of years, or even holding a good amount indefinitely.

>>12261418
t. "Sovereign Citizen"

>>12261524
>typically white too fren
They're also mentally ill. If you've ever spent any appreciable amount of time around them you'd know how brainwashed they are and incapable of thinking outside the box at all.
They're like those freaks that have to pretend to be happy all the time or bad things will happen because their masters promised them utopia and their masters are never wrong or else.

>Why are you still in Utah if you hate them so much?
Because I didn't get to choose where I was born, the money here is good for me, and quality of life is good enough with plenty of traveling.
And mormon women are often sexually repressed enough to be fun freaks.

>>12260357
As close to spot as possible. If that means "junk" silver or bars then so be it.

>>12260357
SHINY
FUCKING
ROCK

>>12261583
What can you tell us about Mormon underwear? Seems cozy.

>>12261611
I was told it protects them.
I didn't bother asking details. I've heard about some guy getting killed because he thought god wouldn't let anything happen to him when he was wearing it so he ended up getting hit by a car like a retard.

>>12261649
Nice. Any idea how a non-Mormon could get some? I think there could be a huge potential market for it.

>>12261662
I've only heard about people being able to get it after being baptized (or having completed a mission?) to prove yourself devoted (brainwashed) enough to be worthy.

Well well well... look what I found.
>https://www.ebay.com/itm/Magic-Mormon-Underwear-garment-undergarment-sizes-32-50-Brief-Bottom-LDS-Temple/132864799044?hash=item1eef5bf144:g:KRsAAOSwq2xb6PtE:rk:1:pf:0

There appear to be stragglers.

>>12261683
Based. You’re alright by me Paco.

Rate my stack.

>>12260357

Buy a roll of American Silver Eagles. Just factor in the premium added to the bullion:

>Spot price + $2 US Mint premium + $1-3$ shipping & distribution
>Quantity

Average price for a roll of ASEs is $385 right now, so that's $19.25 per coin. Just remember that there's an automatic $2 PREMIUM on ASEs above spot, and then whatever markup the secondary retailer tacks on to the coin(s).

tl;dr Buy bullion in bulk to get more value for your buck

>>12260357
Go on JM Bullion and look around. Avoid Maple leafs because they get weird spotting on them. My favorites are ASEs Britannia’s and Chinese Pandas which carry a heavier premium but also historically gain numismatic value year after year.

>>12260754
Exactly. It's undervalued u retard

When you travel with legal tender coins like eagles can you get away with just declaring their face value? Or do you have to declare their melt value?

>>12260357
Assuming you're American I'd say get either ASEs or Maples, whichever you can get for closest to spot. They're both just as good as each other.

I think there's a Mexican equivilent to them as well. Might be worth looking at.

>>12262960
You can declare face value but today's corruption everywhere makes a risk out of everything.