Precious Metals

[Anonymous No.12232896]

Looking to move about 20% of my investments into precious metals.
I don't know shit about commodities though.
please help biz, what do I buy?

[Anonymous No.12232910]

>>12232896
Lead and uranium. It will be the most valuable once WWIII starts

[Anonymous No.12232911]

>>12232896
Bumping for interest. Also, daily reminder that all smart people (Jews) heavily invest in (((Gold))) and (((Silver))) so that they can survive the inevitable financial collapse.

[Anonymous No.12232923]

>>12232896
I'm bullish on gold and palladium. Stick with coins, no bars (too many fakes out there). Get Krugerrands and old Euro 20 Francs for gold, and Soviet Ballerinas for palladium.

[Anonymous No.12232930]

>>12232896
>I don't know shit about commodities though.

Buy. Then buy some more.
Then some more.
Until you realize you are retarded.

[Anonymous No.12232932]

>>12232896
>shiny rocks

[Anonymous No.12233086]

>>12232923
Was going to go for an ETF rather than purchasing them. Works better in the UK as I can put them in tax free system we have here so I'll pay any capital gains tax.

[Anonymous No.12233099]

>>12233086
>Was going to go for an ETF rather than purchasing them. Works better in the UK as I can put them in t

Why does the UK cuck anyone trying to buy PMs. Is there a reason for it. Anyone?

[Anonymous No.12233100]

>>12232896

GLD
SLV
GDX
NUGT
JNUG

Start there OP.

[Anonymous No.12233123]

I trade bullion for a living. 90% and 40% coin silver is the way to go for tax, hedging, and shed reasons. It’s what I suggest to any friend.

[Anonymous No.12233181]

>>12233123

Can you elaborate?

>>12232896

I was thinking about this yesterday. Bullion dealers are the some (((sheisty))) guys. Price of gold will be $1,200/oz and they'll want to charge you $1,300 or $1,400 a coin. Then when you want to sell it back once it actually hits $1,300/oz, you have to immediately take a hit and sell it back for like $1,225/oz.

GLD seems like a decent ETF that tracks gold, but investing in a "bullion-based" ETF feels to me like its missing the point.

[Anonymous No.12233204]

I got a bunch of Amazon gift cards for Xmas and was going to add to my silver stack and when I go to pay it says collectible coins cannot be bought with Amazon gift cards. The goys have done it again

[Anonymous No.12233209]

>>12233100
>>12233123

thanks frens.

[Anonymous No.12233215]

>>12233086
>I'll pay any capital gains tax.

There is something I do not understand about this tax when it comes to physical gold and silver.
Let's say the price of gold goes up to $1800 per ounce and I sell these for 30% more than I paid for them. How can the IRS prove I didn't buy them in 2011 when the price was $1900 per ounce for a little while and I actually lost money? Would they really dig into my credit card history from the last ten years or so and my Ebay account to prove when I bought them just to get a few dollars from me? Also I paid cash for a few of these at a local coin shop, how would they prove I gained anything at all?

Are you supposed to pay the tax even if you lost money on the deal for real?

[Anonymous No.12233225]

>>12232896
any thoughts on palladium?

[Anonymous No.12233250]

>>12233086
You should still be able to buy silver britannias without VAT

[Anonymous No.12233289]

>>12233250
awesome, thought this only applied to gold.
Where is the best place to buy in the UK? Seem to be a lot of vendors online, assuming many are scams.

[Anonymous No.12233464]

>>12232932
>Shiny rocks they put in computers

[Anonymous No.12233581]

>>12233225
Overvalued as fuck, it will come tumbling down to $800

[Anonymous No.12233583]

>>12232896
apmex.com
jmbullion.com
goldsilver.com
Just fucking buy some retard. Stick to sovereign coins, things that are recognized. American eagle, Canadian Maple leafs, etc.

[Anonymous No.12233591]

>>12232932
>magic internet tokens

[Anonymous No.12233604]

>>12233099
They want you to be a slave, err loyal subject of the crown

[Anonymous No.12233628]

>>12232896
If your neighbor talks about precious metals or you will start notice some fliers around telling you to buy metals.
Run from it.
Sell everything you have. Of course chase the top first. You should be loaded with them by now.

[Anonymous No.12233672]

If you want to buy vaulted physical PM's for the cheapest margin possible, goldmoney is pretty good. Buying with cash in person seems to be the way to go though.

[Anonymous No.12233705]

>>12232896
*sips* Muh Gold and Silver.

[Anonymous No.12233718]

>>12233215
It’s against the law to pay tax on gold American Eagles and pre 1933 gold coins. It’s considered legal tender.

[Anonymous No.12233739]

>>12233086
dont buy paper gold you mong
you want the real deal, accessible on hand and with no paper trace

[Anonymous No.12233853]

>>12233739
why?
I can buy ETFs in a UK ISA - no capital gains tax ever, no hassle storing selling silver.

[Anonymous No.12233874]

>>12233086

If you don't hold it, you don't own it. Period. Get physical gold, nothing less.

[Anonymous No.12233897]

I own 10oz silver bars. Did I fuck up? Should I buy silver American eagles?

[Anonymous No.12233954]

>>12232896
Buy silver, it generally appreciates the most. Also, commodities are cyclical and generally do the opposite of whatever the market is doing. We're at or near the bottom on silver. Once the next recession hits 1 of 2 things will happen:
>silver will immediately go up due to a lack of investor faith in equities
>silver will take one final dip followed by a massive rise as we see deflation followed by inflation as the equities bubble pops.

As for what kind of silver to buy try to get coins or bars as close to spot as possible. Don't worry about buying "premium" coins or bars. Remember, you're buying the metal, you're an investor, not a numismatist. Also, you can buy a few silver or gold ETFs as well if you need quick liquidity since it's harder to sell physical gold and silver than it is to sell "paper gold" and "paper silver".

[Anonymous No.12233980]

>>12233897
If you paid the minimum over spot as >>12233954 suggests, you did fine.

[Anonymous No.12234019]

>>12232896
>buying anything in 2018

ya dun goofed

[Anonymous No.12234052]

>>12234019
>buying metals at a 5 year low
>ya dun goofed

[gommie faggot !!ybZU7IbD8fv No.12234810]

>>12234019
Ladies and gentlemen, we've achieved communism.

[Anonymous No.12234897]

can i make it with PM? or is it better for people who are already rich to protect their assets

[Anonymous No.12234915]

>>12233718
What state do you live in?

[Anonymous No.12234949]

>>12234897
It is for protecting wealth but if you have a huge stack of it before a shtf situation and you survive it you could be much better off many years later

[Anonymous No.12234957]

>>12232896
GOTO to a gold store and buy Canadian maple leaf coins.

[Anonymous No.12234968]

>>12234957
It doesn't even fucking matter what they are as long as they're real gold or silver. They could be the ugliest most scratched up bars or 90% silver coins and they'd be worth buying so long as you were paying close to spot.

[Anonymous No.12234988]

In 2010 I bought 3 ounces of gold on eBay. I guess you can buy gold ETFs but most gold people discourage doing it because it's paper gold and not real.

[Anonymous No.12235005]

>>12234988
They're good for quick liquidity and not having to pay premiums. I'm big into silver and gold but I recommend having at least a bit of your metals in ETFs so you can sell them quickly and not have to pay premiums.

[Anonymous No.12235010]

>>12232896
100% silver, it is a much better conductor than copper and will be used in future nanotechnologies

[Anonymous No.12235013]

>>12234949
i mean we theoretically are moving into a shtf scenario right now

[Anonymous No.12235048]

>>12232896
Accumulate as much as you can.

[Anonymous No.12235074]

>>12232896
https://www.youtube.com/watch?v=7JIk8zPsSFM

[Anonymous No.12235118]

>>12235048
>filename
Was Smaug the ultimate gold bug?

[Anonymous No.12235146]

>>12235118
A true inspiration for us all.

[Anonymous No.12235180]

>>12235146
>tfw you will never sleep in a giant pile of dwarven gold.

[Anonymous No.12235422]

>>12232896

[Anonymous No.12235465]

>>12235048
Nigga, put that gold buffalo back in it's case. Shit is too soft to be playing with on the floor.

[Anonymous No.12235518]

>>12232896
Gold and silver are not commodities they are real money and real savings.

Buy silver. Each ounce of silver you buy for 15$ equals 2 weeks worth of wages historically since a silver piece the size of a silver dime used to be a days wage for most of human history and 14 silver dimes equals one ounce of silver.

So if you buy 509 ounces of silver that will equal 20 years worth of days wages when this inflationary house of cards comes crashing down.

500 multipled by 14 equals like 7,500 days or 20 years worth of wages.

Silver is the most undervalued asset on planet earth.

[Anonymous No.12235571]

>>12235518
can i make it investing in silver if i don’t alreasy have a huge amount of money to put into it?

[Anonymous No.12235575]

>>12233123

[gommie faggot !!ybZU7IbD8fv No.12235685]

>>12235518
You know the reason people like Adam Smith believed gold was money was /because/ they were commodities. That's the whole idea of commodity money, that they're a commonly held commodity that can thus be used as a medium exchange, and a unit of account due to it's exchange rate with all other commodities.

You shouldn't essentialize money in this way, it's not some metaphysical thing or platonic form.

[Anonymous No.12235700]

>>12235518
Silver has massive industrial consumption. In the event of a fiat collapse, the demand for it will plummet as people lose the means to buy the products made from it.

Gold is a pure monetary asset. It's perfectly useless in industry except for some electrical wiring purposes. This means gold will be however valuable it needs to be in order to absorb the value that belonged to fiat.

[Anonymous No.12235707]

It's thought by many silver/goldbugs that there is a natural silver/gold price ratio based primarily on the relative scarcity of each metal, and that ratio is anywhere from 17.5:1 to 60:1. It's thought by these people that there is a natural reversion to the mean that occurs in the silver/gold market, meaning that when the ratio is outside its natural value it will eventually correct and it is this correction that you make profit on.

Right now is above 85:1, which means that if silver/goldbugs are correct that a strong correction is (over)due. The question you have to ask yourself though is if the silver/gold ratio is out of whack does that mean:

a) gold is overvalued
b) silver is undervalued

You don't want to be in the wrong metal or you will miss any gains. In fact its likely to be a combination of the two, so silver is arguably a much better bet than gold on this basis.

https://seekingalpha.com/article/4205481-gold-silver-ratio-spikes-highest-level-27-years
https://goldsilver.com/blog/heres-what-silver-does-after-the-gold-goldsilver-ratio-reverses/

But some argue that in the case of a financial crash only gold will increase in value.

https://goldsilver.com/blog/if-stock-market-crashes-what-happens-to-gold-and-silver/

It's arguably also dangerous to trade electronic and/or paper silver/gold, rather than holding the actual elements physically. As many people are convinced that much of the silver/gold traded doesn't actually exist, and if they are right when the scam is exposed only the physical goods will be valuable.

https://www.bullionstar.com/blogs/bullionstar/paper-gold-trading/

[Anonymous No.12235826]

>>12235465
hahahaaa

[Anonymous No.12236157]

>>12232896
How do you even guy precious metals. Is there an exchange or do I have to actually keep rocks under my bed.

[Anonymous No.12236183]

>>12236157
If you are buying because you want to flip some rocks for sick gains, just buy a gold/silver index. If you want SHTF money, then buy some bullion coins from a mint and keep them in a POG sleeve.

[gommie faggot !!ybZU7IbD8fv No.12236355]

>>12236183
You want SHTF money you're better off stockpiling food, ammo, hell, even magnesium. Anything short of that level of shit, you just diversify with govt bonds and forex. Gold and silver can act as safehavens, but not in every crisis. It's a viable bet, but not a safe one.

[Anonymous No.12236499]

>>12235826

[Anonymous No.12236531]

>>12236355
>yea let me just buy thousands of dollars of ramen and haul a trailer of rice and bullets around with me..

fucking retarded. if you are an adult with actual savings, gold and silver are your only hope not becomming pink wojak for SHTF

[Anonymous No.12236665]

>>12235707
do you even read the bullshit your write?

"someone" believes blah blah blah

if you believe that "someone" is correct then do this blah blah blah

........

[Anonymous No.12236748]

can i get rich in silver or is it primarily just to diversify for ppl already rich?

[Anonymous No.12236803]

If you buy enough sliver and the market tanks! Let’s say 30-150 kgs than you will be rich ...most of my fiends have from 100kgs to 500kgs in sliver. JP Morgan own as shit Ton of sliver for what ?

[Anonymous No.12236878]

>>12232923
Palladium is in a bubble and I would recommend people who are looking to buy and hold long term to avoid it. There was a similar run-up and blow out in palladium in the 2000s and I see a similar situation now. Those who want to try to trade the bubble can since I don't know how much higher the bubble can go.

To the original topic of this thread, those looking to hedge their currency exposure should buy gold and not silver. Gold can be purchased through things like GLD, PHYS, etc. Those that want to own the gold but want to store it in a vault can buy gold through things like GoldMoney or BullionVault.

For owning physical gold, buying 1 oz coins such as American Gold Eagles, American Buffaloes, Canadian Maple Leafs, Krugerrands, Australian Kangaroos are good. 1 oz gold bars in assay packages from PAMP Suisse or Credit Suisse are also good. Just make sure you always buy from a trusted source.

With regard to the coins, I personally like buying the ones that are 0.999 or 0.9999 fine (Buffaloes, Maple Leafs, Kangaroos). American Gold Eagles and Krugerrands are about 22 karat but they contain 1 troy ounce of gold in them along with silver and copper to give the coin a bit more hardness.

[Anonymous No.12237019]

Why not sliver ? Us and Australian governments do have th right to take the peoples gold ?

[Anonymous No.12237117]

>>12232896
once you have Silver coins, what next where you can actually sell them and how you gain money

[gommie faggot !!ybZU7IbD8fv No.12237312]

>>12236531
That's why you buy a bunker first.

[Anonymous No.12237873]

>>12235005
>you can sell them quickly
I can drive 5 minutes and sell for cash

[Anonymous No.12238104]

Mommy and Daddy gave me $500 for Christmas, I'm going to buy some gold and silver coins with it.

[Anonymous No.12238113]

>>12238104
Get some tendies too fren

[Anonymous No.12239122]

>>12233604
I hope it's not that simple, but man it's likely.

[Anonymous No.12239185]

>>12235575
inflation is a thing that will never go away because people are dumb; besides even if it does it will come right back within two generations because people want "free" stuff. No tin foil here, it's just facts once you tell the people that they won't get their big pension because the money is just not there they will demand that you devalue - depeg whatever kind of money they use and pay them, (in devalued units). Not in those words more like hurr durr the 99% and don't worry anon the market only goes up. They are dumb fucks, so they just see it, as I got mah munny and fuck off never considering that some number of generations down the line we will be right back where we are now..... FUCKED!

[Anonymous No.12239636]

>>12233718
uhh, citation needed....

[Anonymous No.12239752]

I'm tempted to buy some platinum to cash in on:
>The imminent collapse of South Africa
>The (temporary) hype for hydrogen fuel-cell vehicles

But the fees for physical metals are just too damn high. Is there any reason not to buy ETFs other than the government seizing your assets?

[Anonymous No.12240198]

>>12236665
I'm just making OP aware of some points of view he should be aware of given that he says he knows nothing about precious metals. I can't make up his mind for him.

[Anonymous No.12240227]

>>12235700
wrong, it's just a bonus that silver is used for industrial purposes, it's still able to function as money like it has for thousands of years. it's the small bills compared to gold being the big bills. silver literally means Money in Hebrew and we all know the jews know what real money is

[Anonymous No.12240265]

>>12236355
Based
>>12236531
Idiot, SHTF implys nuclear war/civil war. If you think coins will be valued above ammo in that sit you’re braindead. Gold/silver is good in depressions not true SHTF levels.
>>12236803
To dump after it 20x’s for profit duh. Silver is a guaranteed 10x could even 30x

[Anonymous No.12240772]

>>12240265
It’s recent ATH was 50ish so 5x is doubtful forget 10-20

[Anonymous No.12240789]

>>12232932
how many btc do you own?
be honest

[Anonymous No.12240830]

>>12234052
Of course I buy at a low
should I wait until the next ath and then buy?

fucking retard

[Anonymous No.12240871]

>>12240830
It's the tried and tested /biz/ strat. Buy high sell low

[Anonymous No.12241101]

>>12240871
It might work this time.

[Anonymous No.12241477]

>>12233289
Come onto the silver forum, we have group buys from the European mint where you can get shit real cheap while splitting shipping costs!

[Anonymous No.12241513]

>>12232930
based

[Anonymous No.12241520]

>>12233718
>It’s against the law to pay tax on gold American Eagles and pre 1933 gold coins. It’s considered legal tender.
So, I go to jail if I pay tax on it?
based and freedompilled

[Anonymous No.12241631]

>>12232896
Buy gold.
Pay a jeweler to make you a nice necklace, ring what ever.

10x your money

No one does this but its true

[Anonymous No.12241691]

>>12239752
What's with this South Africa shit? Aren't they just experiencing the same governmental incompetence and racial hatred that they have since the Brits left? What's changed to indicate collapse?

[Anonymous No.12242139]

Why do people always think buying Gold or Silver is an investment? It's not really an investment at all. Its a hedge.

[Anonymous No.12242304]

>>12232896

Gold tracker funds, particularly ETFs,are your best bet for investing in gold, albeit only if you trust the underlying issuer. You are taking a bit of a bet - not just on the product but also the fund that you invest in itself, as many of these allow trading halts etc.

If the likes of Blackrock, Powershares or SPDR have liquidity issues that mean you cannot access your cash, there are far bigger problems than worrying about getting your money back.

Saying all that - should add the caveat that investing in gold in this way is fine if you're looking to make a profit on a rising gold price, but pretty useless if you're interested in gold for it's historically most important function as a hedge against inflation and currency collapse.

[Anonymous No.12242331]

>>12235707

good post imo

also iirc banks/financial institutions bullshitting about how much gold they have in reserve is part of the reason a lot of currencies moved to fiat/currency as debt, and no longer backed by a physical amount of gold

[Anonymous No.12242537]

this thread has been excellent, thank you biz

[Anonymous No.12242570]

>>12237873
>I can drive 5 minutes and sell for cash
You won't last 5-seconds once the local niggers hear that you tried to exchange gold for fuel.

[Anonymous No.12242593]

>>12233718
Are you selling these AGEs for 50 dollars each? Because that's the legal tender face value.

[Anonymous No.12242594]

>>12242537
Things must be changing. Even a month or two ago a thread like this would have died in a couple of hours.

[Anonymous No.12242621]

>>12242570
What is the purpose of a post like this?

[Anonymous No.12242622]

>>12241691
They have passed laws to greatly accelerate land seizures from white farmers. Zimbabwe did this a few years back and it fairly immediately collapsed their entire country. They crashed their own currency and use the US dollar now, unemployment is well over 50% and they have no successful industries to speak of any more.

[Anonymous No.12242629]

>>12232932
fucking this.

>not investing in actual precious metals
>implying you can use shiny metals for food in the eventual collapse

[Anonymous No.12242659]

>>12242621
To remind you the US is becoming a third world hell hole.
Check your privilege, racist. And pay your taxes for equality!

[Anonymous No.12242662]

Looks like the “you can’t eat metal and are stupid to invest in it at all because only Mad Max scenarios happen” people woke up.

[Anonymous No.12242670]

>>12242621
To demonstrate that gold is a shit currency because once you buy something with it, you become exposed as a hoarder, and they will come and take it.

[Anonymous No.12242691]

>>12242670
You sound pretty stupid, my dude.

[Anonymous No.12242719]

>>12242691
You think your gold is safe?

[Anonymous No.12242732]

>>12242719
>Gold is shit because it can be stolen and there’s no way around this.
This is literally your premise. You’re not very smart, are you?

[Anonymous No.12242753]

>>12233123
Tell us more!

[Anonymous No.12242794]

>>12242732
I am not very smart. How do I secure my gold and what are the costs to do so?

[Anonymous No.12242820]

>>12242794
Buy a gun.
Shut your mouth.

[Anonymous No.12242831]

>>12242794
If you're tat paranoid just pt it behind a fucking wall.

[Anonymous No.12242849]

>>12242594
probably two reasons;
slight crypto optimism making people return to the forums and be helpful
realism that get rich quick via crypto isn't going to happen so diversifying and paying attention to other investments or hedges is useful.


Anyway, I've decided to get an dollar based ETF via my ISA, as when we brexit, the pound is going to shit the bed, meaning greater gains when I sell the dollar ETF vs the pound one.

I don't think the world economy is going to be obliterated so i'm not buying physical silver.

[Anonymous No.12242862]

>>12242831
>just put it behind a fucking wall.
But what if I need to buy food with it?

[Anonymous No.12242872]

>>12242862
Whats your endgame here? Do you even have a plan for if things go bad?

[Anonymous No.12242910]

>>12242872
I am trying to see if gold can fit into an endgame plan, but I am having trouble.

[Anonymous No.12242957]

>>12242910
And you decided being a dick was your best way of doing that?

[Anonymous No.12242972]

>>12242957
How is concern over robbers being a dick?

[Anonymous No.12243013]

>>12242972
Then just get a safe

[Anonymous No.12243045]

>>12243013
What if a nigger puts a gun to your child's head?

[Anonymous No.12243061]

>>12243045
Jesus Christ.

[Anonymous No.12243285]

>>12243045
then have a backup safe with running shoes and a tv in it

[Anonymous No.12243337]

>>12243045
Why are you so obsessed with african americans?

[Anonymous No.12243356]

>>12242629
This.
When SHTF things of value are water purification tablets, canned food, ammo and other useful objects

[Anonymous No.12243361]

>>12243337
Because I view robbery as gold's biggest flaw.

[Anonymous No.12243379]

>>12233583
When I posted my last apmex order biz laughed at me for paying a premium and told me I should have bought from reddit instead.

[Anonymous No.12243478]

>>12243379
BUY THE DIP

[Anonymous No.12243494]

>>12243361
>implying they cant put a gun to your head and demand your bitcoin seed

it's called a hiding spot and having a gun

[Anonymous No.12243545]

>>12243494
>a hiding spot
So you can't use it to buy stuff?

[Anonymous No.12243571]

>>12243545
No, you can’t. Never buy anything ever.
Just rely on the state to provide for you.

[Anonymous No.12243620]

>>12243285
This. Make sure they are jordans.

[Anonymous No.12243738]

>>12243045
Outsmart the nigger. Hide guns around your house, distract the nigger, then kill the nigger.

[Anonymous No.12243754]

>>12243379
I pay the premium to ensure I’m getting real gold/silver.

[Anonymous No.12243937]

>>12235118
Both gold and bitcoin desu. When he says he will not part with a single coin it sounds exactly like a crypto guy.

[Anonymous No.12244093]

>>12243013
lol, there is really a cat

[Anonymous No.12244478]

>>12236878
If you buy bars from a reputable source, document everything about the sale. Make sure they purchase their items back as well. Even if it a reputable source, they might not know it is a fake item, but will likely buy the same item back if you purchased from them.

[Anonymous No.12244496]

>>12241631
Terrible advice. You pay for labor.

[Anonymous No.12244506]

>>12232896
>Looking to move about 20% of my investments into something I don't know shit about

[Anonymous No.12244535]

>>12241631
>waste time and gold making a necklace
>no one wants to buy your shitty second hand jewelry

[Anonymous No.12244601]

>magic internet bean better than real shiny rock in hand

[Anonymous No.12244931]

r8 or h8

[Anonymous No.12246061]

>>12244931
Based and Bullionpilled

[Anonymous No.12246076]

FUCK WHY IS SILVER RISING SO MUCH!
I NEED TO WAIT FOR 2019 TO BUY MY 50oz

[Anonymous No.12246614]

>>12244931

>British sovereigns (22k)
>Krugerrands (22k)
>.9999 Buffalo, Maple Leaf, Britannia and Philharmonic

Patrician taste, my man!

[Anonymous No.12247319]

>>12242593
Eagles are 10$ in face value my dude

[Anonymous No.12247526]

>>12243494
why would tyrone ever want my seed?

[Anonymous No.12247551]

Don't move that much of your portfolio into metals. Everyone's buying gold and silver because (((they))) are selling it to you through radio, internet and television ads. You're better off protecting your portfolio with a subset of bonds.

But if you insist on having a shiny rock, look at Palladium. Normies don't know about it and it's forced to be in every vehicle. Worth about the same amount as gold and has interesting medical catalyst properties. And don't listen to the fags getting you into a dead crypto market. That bubble popped like your stepsisters cherry.

Rule of thumb about buying gold and silver. An ounce of gold used to buy you a suit, an ounce of silver used to get you a good meal. A suit is around $1,000 and a good meal is going to run you around $20. If it goes significantly below these amounts buy. When it goes above, sell.

[Anonymous No.12248150]

>>12247551
hmm where I have I seen a chart that looked like this before