/biz/ - Business & Finance

TL;DR? If you are going to buy silver, stick with silver eagles. Anything else, don't buy anything else but gold if you are interested in PMs. It's a fucking joke to sell your silver and you will get lowballed hard. I tested 9 shops in Dallas Texas today, and unless silver somehow skyrockets, good luck. There is much of it out there, and not worth your hard earned money.

>>15570552
>If you are going to buy silver, stick with silver eagles
The best advice you will hear all day.

>>15570597
I learned the hard way but I hope anons see this. I don't want anyone else getting burned. Nobody gives a shit about silver if it isn't Silver Eagles. TAKE THAT TO THE BANK. It's the only decent silver investment.

>>15570652
Correct. And there are a lot of reasons for that...
> Silver eagles have the US govt's promise of purity
> eagles have numismatic value, so their value rises above just the metal value
> rounds could be silver, they could be something else, why bother?

>>15570547
Gold is the metal of chads.

>>15570678
Yup, I bought a 1/4 round of gold today. I don't think I'll ever buy silver again.

>>15570652
Glad I heard this before I got too serious into junk and bars. Was really looking into Monarch bars. First thing I bought was an ASE monster box and I've got about 300oz of junk/morgans/peacedollars/rounds/canadians. So I might be fucked there.

Might do one more monster if price goes back to $14, but till then it's just gold.

>>15570722
But the same problems happen with gold. Given a choice between a "round" issued by who knows who, of who knows what quality, and whose weight is verified by who knows who, people will prefer to see a gold eagle, which takes much of the guesswork out of it.

>>15570547
>i try to sell my PM's to the largest holder of PM's who is looking to make profit
>i dont get offered spot
you ever heard of selling ice to an eskimo? if your selling PM's you sell to a refinary to get closest to spot, if your selling numismatic value pieces then you sell to dealers and pay the convenience fee (lost profit) or you open up your own shop and sit in it all day to get that one guy who is willing to buy 10% above what you paid for something.

use your brain

>>15570552
>>15570597
>buying numismatic bullion of an industrial driven value metal
they are good looking coins and always in demand, i have a few. but for investments you'd be better off with morgans or secondary market rounds.

>>15570700
How long did that take you to accumulate? >>15570736
oh yes, I want every damn anon to know of the dangers of buying silver. I'm glad you could read this all because it really pisses me off how the market acts like all silver is treated equal. Such a lie.

>>15570751
Oh exactly. I'm just sticking to gold eagles. This fucking world is so damn strict when it comes to giving you back the true worth of PMs.

Gold eagles. Silver eagles if you are in the USA. Freaking stick to Canadian if you are in Canada, and stick to Britannia if you are in the UK.

In other words ... GOLD BITCHZ

>>15570752
when you say morgans do you mean morgans of .999 or old morgans pre 1964?

>>15570547
you're not supposed to exchange it for fiat

>>15570762
I’ll never post my stack to the internet. That pic belongs to some redditfag. But I’ve got about 10oz with the intention of buying one per month. I took a large break from stack gold to buy link though.

Honest question. What's stopping you from minting your own counterfeited silver eagles from that silver junk?

>>15570801
1921 and older morgans, probably the most indemand coin in the world. people come to coinshops, buy them out of the cheaper morgans and go to their home countries to sell them much to dealers for a profit. its the defacto american coin. probably the most single type coin collection there is also

>>15570752
> better off with morgans
I think that would depend. There are very few really good morgans, and they all have made their gains. And then there are a whole lot of shit morgans, and they go for very little over melt value.

But consider what happens if you were to buy, for example, a silver monster box...

The coins were sealed at the mint, so you know they're uncirculated. Because they're tubed, there will be little to know value. You probably will have a few 70's, but you're all but guaranteed to have a shitload of 69's.

But even if they are grades lower than 69, they still gain numismatic value over time. For example, a 2004 silver eagle (1 oz for those who don't know), of the quality you can expect ALL of the coins in a monster box to go for now goes for about $30 each, which is approaching nearly twice melt value.

So you've hedged yourself in two ways... you have the silver, which will always have melt value and the numismatic value, which may or may not give you a higher increase. And depending on which way the price of silver goes, you can choose which way you treat your coins.

This actually happened to me. I bought a 4-coin Gold Eagle set for roughly $750 per oz. I bought it to add to my coin collection.

But then, when gold shot up in value, I said the hell with it... the value of the coins was never going to match the price of the gold itself. So I sold the set at roughly $1550 per oz.

And, because they were eagles and not some generic round sold by who knows who, I was able to sell them to a stranger at a neutral locations after about 5 seconds of him looking at them.

>>15570877
well said

>>15570824
that is illegal m8

>>15570877
please dont get me wrong, I like the bullion eagles. the saint gaudins is considered to be the most beautiful coin design made by many. and all eagles ALWAYS are bought and sold above spot. they are mass produced but in mass demand aswell, easily 10x at the rate of similar maples and libertards. and most of all they make GREAT gifts, the crown jewel of my collection and the coin that got me into coins is my birthyear silver eagle.

but with that said the numismatic gains are always pointed at the obvious low mintage years, which ofcourse are required for a fairly cheap and easy set to complete. the more recent years they have ramped up on production. if mexico's economy came around they would easily be the best ones to buy right now, its hard to predict the future. but the morgans are a cornerstone in the numismatic world with many professionals dedicated to dealing and studying morgans only. there really is nothing special about silver eagles other than its a 1oz coin thats still minted and fun to collect. since you can buy morgans for less than eagles if silver ever did go to zero you'd still have a 1dollar coin you paid alittle less for lol. secondary market coins are a hard sale for dealers. you either sale those to collectors or refiners

>>15570818
Op is a dumb fag, go figure
>asking someone to buy your bags and not expecting to get fucked
>thinking you will get over spot on gold either

ok, so you guys are saying that silver coins which arent from your country dont hold their value when reselling.
i am from germany, which fucking coins should i buy then?!

>>15571087
first of all its bullshit.

Second, vienna philharmonics have euro face value and they are beautiful. Buy those.

sell your silver junk online to other silver hoarders. I only keep eagles

>investing in ROUNDS
>not selling through provident metals
>provident buy back for silver eagles is $19.33 and was buying for $21 last week
www.providentmetals.com/buy-back-products.html

You just invested in the wrong type. This is what happens when u cheap out.
everybody point and laugh

>>15570824
Do you know how much a minting press costs?

>>15571046
Maybe. But how would they find out?

>>15571087
I heard you guys recently started making Germanias, like your version of Britannias?

Philharmonics are a good bet too.

>>15570974
Sorry, I deleted the comment because it included something I didn't want to put in writing.

>>15571049
I don't argue that Morgans are a better coin for collecting, I have 4 myself (1860,1864,1865,1890). But... there are so few of them around (at least of any quality) that the price you pay already has potential gains built into them.

I also agree with you about the fact that the population of newer coins is VERY high. However, even that doesn't always guarantee future population.

For example, i remember the silver fiver of 1980. People were selling off grandmas silverware and pre 1964 coins for melt value. And a LOT of coins were melted down for their silver value. As a result, the population of those coins went from pretty common to pretty rare in a big hurry.

The same could happen here. If (big if) the price of silver reaches a certain point, it is worth more financial sense to melt the coins down. There will always be only a limited number of potential customers for collector coins; certainly not enough to account for all of the coins that are being minted.

>>15571156
You would never be able to create a die of enough quality to fool anyone who has any experience with the real thing.

I can't wait for the state violence to confiscate it all from you fags

>>15570824
>counterfeiting US bullion
yeah, that's fucked bro
you'd probably make a spook's day tho when he uses ur phone camera to record evidence lmao

>>15571171
>>15571103
philharmonics are somewhat cheap, but i dont really like the fact that they have euros at face value. thought more about krügerrand and roos.

also, "germania" is a meme coin which isnt issued officially, some random mint is making them and selling them for like 40 euros/oz.

>>15571200
I can't wait for the SEC to say
>oops yeah bitcoin is a pump and dump ponzi scheme
then proceed to shut it down faster than silk road

>>15571087
philharmonics

>>15571209
that's why u get GEIGER SILBER BENIS :DD

>>15571209
If you're going to go european, why not just buy Swiss silver/gold coins?

I learned 2 weeks ago when silver was in the $19 range I went to sell some and the local coin shop would only give me $16 per oz whether it was generic or numismatic. His excuse for the low ball figure was "it is to protect me for when it comes back down". I think all local coin shops are a strait jew job trying to rip you off. I decided to check out the online places and they were offering quit a bit more to buy my stuff.

>>15571209
Dann kauf eagles. Wenn ich es richtig in erinnerung habe, könntest du deutsche münzen wenn es sie gäbe nicht differenzbesteuert erwerben und müsstest die volle 19% mwst zahlen. Also einfach ausländische (philharmoniker bekommt man hier auch differenzbesteuert) mit hohem bekanntheitsgrad kaufen.

>>15570547
You will NEVER liquidate physical PMs for cash quickly without making a huge loss. That includes gold.

>>15571248
You're almost always going to get that. They are in business, they have to sell at a profit.

>>15571248
>His excuse for the low ball figure was "it is to protect me for when it comes back down
He's right, he's a business not a charity. There is a premium for physical PMs on purchase and also a premium on selling.

>>15571264
Not true. It depends on what you paid, and what the price is at the time you sell. You may pay less than spot, but that's different from selling at a "loss"

if youre trying to cash out gold and silver now, you are a failure

>>15571279
Yeah, there's some asshole who probably bought 20 ounces of gold when it was $325 an ounce

>>15571209
>>15571227
>>15570869
>>15570777

It makes little difference what form or whether its gold or silver you will all tae a hit if you try and liquidate for cash without spending a year waiting for the right buyer.

>>15571248
>shops need to make a profit
>somehow they're screwing you

>>15570547
PMs are purely a hedge against inflation no store/business is going to give you shit for gold/silver that would make holding it for long periods worth it. If the government goes to shit I at least want to have some of my wealth stashed in PMs.
>Buy official minted, instead of generic rounds that can be counterfeited!
You can buy literally any coin, any year, and any mint the Chinese sell them as "replicas" any smart stacker has some to had over to robbers.

>>15571288
Buying at the right time doesn't automatically make you an asshole.

>>15571263
>könntest du deutsche münzen wenn es sie gäbe nicht differenzbesteuert erwerben und müsstest die volle 19% mwst zahlen
yes, the law in regards to silver coins in germany is fucking retarded. only asset which is still tax free are gold coins and bars.
ill try to find some cheap philharmonics in the net then.
>>15571231
i have no idea where i can get those desu
>>15571227
>silver bar
>germany
n-no thanks

>>15571087
well you are on a US board talking with mostly americans. for germany though id say they are best known for thallers, where the US got their dollar from. theres a bremen 2/3rd thaller that is my favorite coin design. very rare to see that old of coins without a king or queen on the obverse which is my favorite thing about them. however for bullion the austrian philharmonics are popular there, eagles are universly popular. krugrands are popular almost anywhere.

>>15571174
>If (big if) the price of silver reaches a certain point, it is worth more financial sense to melt the coins down
that point is much more easily reached with coins that have little to no numismatic value such as junk silver, I believe silver will have a massive jump in value soon do to price manipulation but the reverse of what the hunt brothers did in the 80's. they tried to create a phsyical shortage on the market, now an artificial suprlus is being propped up by ETF's. if it jumps up again then your closest to spot values will be your biggest earners

>>15571297
U think an ounce of gold will buy a plot of land in the next paradigm?

>>15571279
>You may pay less than spot
Unlikley unless you are running a pawn store

>>15571288
>Yeah, there's some asshole who probably bought 20 ounces of gold when it was $325 an ounce
I bought all my gold when it was 500 an ounce. Most of you should not buy physical PMs at all but you won't listen. You are not going to become fantastically wealthy with a few kilos of silver coins. NOT HAPPENING. PMs ARE useful to some, off book wealth free from wealth tax, free drom management fees, deposit interest taxes, easy to pass to someone without gift taxes or inheritance estate tax etc etc etc BUT NONE OF YOU ARE IN THAT FINANCIAL POSITION. You are all trying get rich quick speculation and what's worse you are doing it on PHYSCICAL metals. Its literally mindless

>>15571290
ur right
we should just hold until china & russia announce PM backed currency
then us CHAD stackets go in and buy their shit hole country and create a real utopia

anyone have any experience selling to online dealers?

>>15571324
>U think an ounce of gold will buy a plot of land in the next paradigm
NO

>>15571324
Wanting to be a land owner when you know the US is going full socialist either means you're retarded or just have a fetish for being shot.

>>15571329
nah senpai negative rates are going to destroy the world bro. 2008 should have been the reset but Obummer just kicked the can down the road. We stared into the void and now it's starting back.

>>15571329
Holding fiat is what’s literally mindless, maybe some of us just understand money

>>15571335
>ur right we should just hold until china & russia announce PM backed currency then us CHAD stackets go in and buy their shit hole country and create a real utopia

If you believe this utter garbage and base your life around it then you are functionally mentally delinquent and should get a guardian to manage your finances for you. You are mentally incompetent

>>15571343
Ur right. It'll buy entire counties
I. AM. THE LAW.

>>15571347
By who? Lel u think those socialist pansies are going to trek their way into the foothills of Montana, Coloradbro, Idaho and New Mexico?
Bruh there are already militias waiting for that to happen. Stop being smug. We can create our own heaven on earth but ur being booboo.

>>15571329
Yes, should have read "sell less than spot"

>>15571324
Of course not. But, from the 2008 crash I DO know the advantage of being prepared when a crisis hit.

>>15571354
>Holding fiat is what’s literally mindless, maybe some of us just understand money

No you don't you are impoverished and buying tiny scraps of gold and silver. Worst thing you could do. Don't buy it until you have over a half a million in mixed assets debt free and if you are carrying debt and buying silver and gold coins or crypto? Well you literally need someone to look after you, you are not mentally competent.

>>15571359
>OMGEEE MAGIC INTERNET MONEY
>WE GONNA USURP THE GUBBERMENT
>WHAT, WHAT DO U MEAN I CAN'T CASH OUT?
>Y DOESN'T THE INTERNET WORK??

OK anser honestly:
1)How many have you have NO debt
2)How many of you OWN the home you live in
3)How many of you have completed education and have cash flow?

Op, I don't disagree with you. However, if you are a reputable ebay seller there's a ton of popular generic silver that goes for a nice little premium that you can sell. Shops really do hate generic rounds because it's a waste of time to them, those collectors aren't abundant enough locally. But online is where you can find them.

>>15571429

>OK answer honestly:1)How many have you have NO debt2)How many of you OWN the home you live in3)How many of you have completed education and have cash flow?

>>15571412
>>15571394
>Don't buy it until you have over a half a million in mixed assets debt free
BOOOOOMER

>>15571429
In other words, if you're looking to cash out to fiat buy generic at local ship near spot and sell online

>>15571394
I’ve made a lot of money off cryptos and now I have most of that profit in gold sucks to be you I guess

>>15571412
> Debt free
> Own Home
> Some college, but didn't graduate
> Minimal cash flow because I'm retired.

>>15571443
Yup call me Mr.Boomer I'm also wealthy and you can choose not to listen but if you don't own your home and are not debt free then buying small silver and gold coins is fucking insane. I DO own PMs (including physical ones) but there are a tiny part of my wealth and there for specific reasons

>>15571475
OK off you go and buy some PMs. That's fair enough. IF you want to speculate on them then there is no point in physical though. If you want to transfer wealth without the receiving party incurring tax at transfer or are avoiding wealth tax then buy physical.

>>15571474
>I’ve made a lot of money off cryptos and now I have most of that profit in gold sucks to be you I guess

It's not a competition champ. I own property in multiple countires including commercial, firstly, rental, vacation, I have 273 different forms of brokerage accounts that are all funded and holding assets and also have racehorses, gold antiques, art and a wide range of other assets. I'm older than you so maybe one day you will be richer. If you are paying rent and buying little silver coins you are mental

>>15571504
> hope you don't mind I bought PM's long before you gave me your permission, kek.

If you're going to own PM, physical is really the only way to do it. You don't buy silver/gold as an investment because you'll make more on stocks nearly every time.

Silver/gold is more for hedging or for some potential mad max situation. And in those cases, physical is the only way you can go.

That also means physical that you control the possession of. "Owning" silver/gold that's held in another state is like having a girlfriend who lives in Canada

>>15571477
a decently paid full time job in germany earns you around 40-50k eurodollar a year. earning anything above that is heavily taxed and also quite rare.
i am in my early twenties, how the fuck should i make half a million in stocks/other stuff? i am not from the us, where a simple plumber makes 110k a year, while delivering worse work than their counterparts in germany.

>>15571562
>for some potential mad max situation
This is where the bullshit comes in. Not a reason.

>>15571540
Don’t buy silver, gold is tax free where I live

>>15571567
>how the fuck should i make half a million in stocks/other stuff?

I personally established myself between four countries when working in my 20s. This created a tax free situation, another way is to receive salary in international waters or be listed as part of a ships crew

>>15571585
>Don’t buy silver, gold is tax free where I live

Look if you are debt free and own your home then do as you like, for short term speculation physical is a poor choice. And by short term I mean 5-10 years. IF you are in debt or don't own where you life and are buying silver coins because you think that the end of the world is nigh then you need to step back from all financial decisions and quietly repay your debt. In a deflationary environment DEBT becomes MORE EXPENSIVE.

>>15571227
kek

>>15571635
I have no debt but I don’t own a home and I don’t want to own a home this is the top of the real estate market buying now would be foolish. In a deflationary environment we’re all fucked anyway

>>15571570
Of course it is a reason. There is no substitute for planning. I have homeowners insurance, even though I don't expect a fire. I have auto insurance, even though I am a careful driver.

Something not happening before isn't a good enough excuse for it not happening in the future (past performance is not indicative of future results).

If you're in the US, (and if you've been paying attention), you must already be aware of the elements who are attempting to foment revolution. Who knows what the future will bring.

>>15571674
>you must already be aware of the elements who are attempting to foment revolution
I've survived two shooting wars and in relation to the US? Its always had political turmoil abd it always will it's part of what makes it a great nation. Its also the single most economically and militarily powerful nation in global history and is no where near collapse and won't be in your lifetime

>>15571674
>elements who are attempting to foment revolution
Loud mouth students and idiots. As always. Utterly irrelevant to middle America.

>>15571699
>>15571711

Here's the difference. In the past (for example, the anti-war protests of the 1960's), the protesters wanted the system to change, but they wanted the country/system to continue.

That's not the case now. These days, we have very well funded elements whose goal is the outright destruction of the US. Not the dirty-kitchen variety we had in the 60's, but well-organized groups with a fairly well organized plan.

Whether it is the acceleration that we hear about, or something darker, it is still moving in a definite direction.

For example... when in history was there ever a chance that a socialist could become president? And now, we have at least a few running for the nomination of one party.

>>15571635
Lol deflation. What a retard

>>15571743
You had active domestic terrorism in the 60s, mostly Marxists but also far right. You had the same commie noise form students and the same kind of Bernie sanders retards except maybe more of them, you had the same elements trying for 'race war' in the 30s you had the USAF bombing striking miners on US territory. There are always spasmodic political terrorists and rioting that roughly correlate to recessions in every country. However the countires that fall into war, they are once that have been conomically and politically rotten for decades and nearly always dictatorships. If anything democratic politics and the noise that you are so fearful of is healthy, its pressure venting and there is no devastating explosion such as that which occurs in locked down authoritarian states. there is and always has been riots, political extremists and terrorists. Anarchists were blowing up cafes at French train stations in the 1890s. Nothing is new under the sun. In relation to deflation, well it will send the great hordes of third world illiterates back home, watch.

>>15571804
>Lol deflation. What a retard

Are you in debt and buying small silver coins because you see yourself buying prositutes with them in a mad max universe based on fantasies from the people selling you small silver coins?
Tell me again. Who's the retard?

>>15571815
The fed will do anything to avoid deflation they will print so much fiat the hordes will be wheel barrowing it into the country

>>15571815
Again, this is different.

When you had the bombings in the 60's, those in legitimate authority, no matter which party, were opposed to the violence and the long-term goals of those perpetuating it.

This time, you have the backing of an entire party (the democrats). Whether they are backing it because they're stupid and don't know what they're doing; or whether they are backing them with full knowledge; can be debated.

But when you have the democrats running on a platform whose result will be the destruction of the country; it's a little hard to not pay attention.

>>15571848
>The fed will do anything to avoid deflation
Yes and the US is vastly ahead of the EU, Russia, China etc The US is head and shoulders above them The ECB just went to -.5% today. US is on 2.5 and will be 2.25 soon. An interest rate cut will further stimulate both stocks and fluff like crypto and suck money from PM markets which have already risen in anticipation of that cut.

>>15571635
>in a deflationary environment

Yeah and if all the air turns into water you better hope you invested in scuba equipment.

>>15571861
I'm sorry. US partisan wittering's are of no consequence. Call me back when the elected head of either faction is linked to calls for civil war. You will never call.

>>15571877
Dow 30k upcoming, what could possibly go wrong

>>15571892
Kind of a funny fact... civil wars are almost never started by the government.

Sell to an online buyer if local coin shops are being gay to you. It's not that hard; they even cover your shipping.

Here is an example

>>15571911
Also the blue number means the amount over/under spot price they're going to buy from you

>>15571879
>>15571835
>Are you in debt and buying small silver coins because you see yourself buying prostitutes with them in a mad max universe based on fantasies from the people selling you small silver coins?Tell me again. Who's the retard?

In any environment, I win and just get more assets. Personally I don't actually want more at this stage because that takes more of my time or more staff. The only reason I have wealth on this level is so I can benefit my dependents. Personally I would be happy just walking my dogs and living much more simply

>>15571906
>Kind of a funny fact... civil wars are almost never started by the government.

On the contrary, they nearly always are usually in stagnant authoritarian regimes with huge underlying political tensions.

>>15571911
what is that website

>>15571932
Does the EU count as a stagnant authoritarian regime with huge underlying polictical tensions?

>>15571943
SD Bullion. JM bullion has a similar chart for amount bover/below spot they're going to buy from you.

>>15571948
>Does the EU count as a stagnant authoritarian regime with huge underlying polictical tensions?

No there is democratic expression in all EU nations. That venting of pressure maybe accompanied by a minor degree of civil strife or terrorism but nothing like the conditions I am referring to in authoritarian regimes where even voicing a non state opinion is dangerous.

>>15571973
Sorry to break it to you but there’s no democratic expression in the EU we vote until the leaders get the answer they want

>>15571961
fucking hell. SD bullion looks like they only buy if you have 500+ ounces

>>15572012
stack up then. You already have silver so might as well do it to the point where you can sell at that volume

>>15571477
Youre a renter from the state, you dont own shit. Just because you can pick your curtains you think they wont take their land back

Fuck what's the best way to sell 100 ounces of silver rounds ?

>>15571973
This boomer is legit retarded and any and all things that comes from its mouth should be disregarded

go suckle your black son from your gyno

When fiat starts to collapse and PMs become more widely held people will form cooperatives for buying and selling.

>>15571394

You stupid fuckers are shilling against PMs as part of a team.

You must be desperate. Things must be fucked for you!

>>15571540

New meme here.

> I'm literally the richest guy in the world trust me anons and you must NEVER buy PMs even in tiny quantities just don't do it.

Never do it. Just buy coffee or burn your fiat or snort coke and fuck hookers but PLEASE stop buying up the comex supply of silver it's not for you

>>15571699

No nation survives diversity. The West will reform after appalling violence. Go away and learn some geopolitics grandad.

>>15570547
No shit. If silver were a good investment then there wouldn't be dozens of boomer sites offering starter bags of all kinds at spot prices, and there wouldn't be millions of le 56%er diabeetus americans extoling the virtues of PMs at their weekly prepper meetups.

>>15570547
LARP
I was at a shop recently and they told me they would buy any silver they could get their hands on at melt price and would buy junk at spot.
Shitty 0/10 LARP OP

>>15573239
Holding silver is essentially a political stance on their wealth by those who are redpilled on (((fiat))), (((central banks))) and (((globalism))).

No one who understands what's coming would neglect PMs.

Just a few more years until conservatives and civnat cucks on the right realise the situation cannot be saved and goes to a violent break up before 2030

>>15573203
Yet the roman survives longer than any other ethno states

>>15573270
Roman empire collapsed due to diversity

They lost their cohesion and became decadent and corrupt.

>>15573289
>Roman empire collapsed due to diversity
Actually it was christcucks who did that

Still picking up two ASE's tomorrow. Internet coins don't have much value when the power goes out, or unless you're doing some highly illegal shit. I'd rather stack at a legal, sustainable pace.

>>15573324
It's common knowledge, that the collapse of the 5th century was caused by barbarian refugees.

>>15571394
>moving some of your income into a wealth storing alternative to the forever inflating dollar is stupid! You need at least (insert random number) of income before collecting rocks!

>>15570547
OP I found the same.

I bought a few dozen 1oz silver coins and 1/4 oz gold coins just for fun, then ended up buying some monster boxes of silver and a few tubes of 1oz gold coins.

Decided to test the liquidity by selling the test coins I bought. Barely any shop wanted the silver but they snatched up the gold.

>>15571540
Based boomerchad

>>15571202
Counterfeiting is a serious crime (felony) and the government will be ruthless with putting a counterfeiter in prison even if the coin he mints is actually the proper amount of silver. Just consider the situation of the creator of the Liberty Dollar. There was no fraud involved, the amount of metal in the coins was exactly as stated, and the designs of the coin were clearly different from any coins ever minted by the U.S. Mint. Didn't matter. The Feds shut down the company and put the founder in prison.

>>15571248
That why you should buy silver in forms that are traded in large quantities: silver bars from well-known refiners, sovereign coins (American Silver Eagle, Canadian Silver Maple, etc.) Firstly, if you sell them to a big dealer, the big dealer usually has an order book for the type of silver you're selling that allows him to immediately flip your sale to him thus minimizing his risk and not draining him of liquiity. Secondly, because of the large volume of trades in that metal, the dealer can hedge his position with futures contracts.

When you sell to small shops, they're typically too unsophisticated to hedge and have to protect themselves by offering a more heavily discounted price from spot.

>>15570547
Based.
Anytime silver has a pump roasties go dig out aunt Mable's silverware and go cash in.
There's just too much of it already out there.
It will always be worth something and is much bettery than any fiat currency, but there is a reason it's called "the gold standard."
pic semi unrelated.

>>15574814
There is more above ground gold than silver. Gold is high because central banks are buying the fook out of it. Sikver is not. Why? Because its peoples money and people are still to stupid to realize their being raped by the banks once they figure this out than will come the mad rush into silver.

>>15570547
Craigslist, eBay,red.it. All places you can get spot for it. Also the online bullion dealers and refineries are way better than any LCS unless you have a relationship with the owners. Bottom line is silver is undervalued. Doesn’t matter what you buy it at silver is only going up from here besides minor corrections. Already since stacking several months ago I could sell now at an LCS and get my money back if not probably a $1 over spot from purchase. Craigslist is the best place to sell. You want to sell to an individual not a retailer for anything because they need to make a profit. Retarded post. Also you can always buy an etf and pay the $7 transaction fee through td Ameritrade and profit off of the price. I’m buying for physical though because silver is actually less abundant than gold above ground.
>mining stocks

>>15570547
Faggot, no one cares about your gay anecdote. Silver has low STOCK TO FLOW so this means that the amount consumed each year by industry is a high proportion of the total produced, and the amount purchased for investment makes up say 20%.Yes this does mean that silver is abundant now.

Now ask yourself what if the demand for investment doubles/trebles/quadruples? (as in the case of fiat hyperinflation) We suddenly have gone from having a glut of silver to a massive shortage.

Compare this with gold where the majority of all gold ever mined is still in gold bars waiting to be sold.

>>15570597
This, try to buy American, in general honestly

>>15575924
Eagles are the most commonly faked coins.

>>15570547

Silver had a high stock to flow ratio which is why it is more abundant than gold. You should know much of the silver stock that is ready for use in production is mostly stored by China.

The problem i see here OP is you are looking at silver priced in Dollars and we all know that dollars are not stable. It is best to view Silver priced in Gold. When the GSR is around 30:1 I will be trading my silver for Gold.

Think of it like LTC to BTC.

Were going to the MOON!

I don't intend on selling.