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/biz/ - Business & Finance

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12619238 No.12619238 [Reply] [Original]

I just bought this. First PM investment

>> No.12619241

>>12619238
How are you going to buy a Big Mac tomorrow now that you’ve spent all your lunch money champ

>> No.12619244

>>12619241
:(

>> No.12619352
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12619352

>>12619244
Kek don't take it as an insult, but I bought my first 10 ounces when I was 16. We are gonna make it, bro.

>> No.12619397

The natural silver to gold ratio is 17:1. Since gold is $1300 that means silver price is limited to around $76 unless gold spikes a lot higher. That's a nice gain but crypto usually does better.

>> No.12619613

>>12619352
>still racist though
My nigga

>> No.12619717

do you guys buy silver without VAT ?? because in my shitty country gold is vat free but silver you need to pay vat :( so if I sell it it needs to gain 20% for me to be even

>> No.12619789

>>12619717
i only buy silver ETF, why should i buy real silver pieces?

>> No.12619798

>>12619352
>t.I'm 16 & a half now

>> No.12619808

>>12619352
I bought 50 oz when I was 17, just before the bull run to $50. I HODLed through it though and still have those bars to this day. I also HODLed through the 2017 crypto bullrun. I am for sure taking profits next time something I own moons.

>> No.12619826

>>12619789
>buying non-existent silver

>> No.12619931

fuck ETF's. I'm asking people that buy physical if there's any chance to get it without VAT and how VAT is applied in different countries.

>> No.12619944

>>12619931
I believe if you buy coins then you are exempt. If you're in the UK buy britannias and if you are in the EU buy philharmonics.

>> No.12619985

Is there a better or best coin to buy? im from aus btw

>> No.12620098
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12620098

>>12619985
Best coin? Can't you just buy the Australian Kookaburra? I mean even in Germany it was one of the cheapest coins to buy for me, I guess it would only be cheaper in Australia.

>> No.12620120

>>12619238
Ill be joining you on friday anon. New years resolution is 5% physical precious metals in my portfolio, 5% crypto. Have fun and play safe.
Based and redpilled.

>> No.12620140

>>12619826
>buying pieces of metall

>> No.12620166

>>12619985
No not really, the benifit is numosmatic value(what collectors are looking for). You are hedging against an economic downturn but a good choice of coin can offer value even in good time to collectors, however, this usually means buying old bank minted stock that is rare and bank backed, so aussie and canadian coins have extra value because of low mint rates while maintaining stable economies. You will pay a premium for these though. I have several rolls of 1923 silver leafs which have value way outside of silver value but will drop down to just silver value in an economoc collapse.
Buying rare shit is a hedge against a hedge, they still grow in value when the price of silver drops but its too costly to make it viable.
Just stick to aussie bullion, imo.

>> No.12620276

>>12620166
That being said, if you can buy rare shit for close to spot price definitely go for that.

>> No.12620288

>>12620276
Also checkems my id. The truth reveals itself.

>> No.12620307

>>12619238
4 grams of gold and 2 ounces of silver are on to this local auction next week, should I go and try to get them below spot?

>> No.12620332
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12620332

>>12620288
Geez calm down your ADHD newfag and think before you post. Out of the last 5 replies, 4 of them were yours. You can respond to multiple people in one post, did you know that? Also checking your own numbers (id?) is faggy at best.

>> No.12620333

>>12620307
Anything below spot is free money.

>> No.12620338

>>12620332
But i got your attention so mission accomplished.

>> No.12620347

>>12619352
Literally me, except I never drink alcohol.

>> No.12620850

just bought 3 pieces of Philharmonic coins.
Now I have 13 oz

>> No.12620892
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12620892

Silver doesn’t carry a monetary premium because it’s not being used to store value anymore. Congrats OP you got scammed.

>> No.12620921
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12620921

>>12620892
>graph shows it carries a monetary premium plus it has an enormous industrial use
what does anon do?
>"oof I guess I'm colourblind"

>> No.12620964

>>12619826
>buying nonexistent parts of a company

>> No.12621001

>>12619808
But be sure to hodl long enough to make up for those missed gains :^)

>> No.12621011
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12621011

>> No.12621142

>>12619944
why philharmonics? the maple leaf is a tiny bit cheaper

also how much longer do i have to buy some silver? or will it drop or stay even a bit more?

>> No.12621164

>>12621011
what bullion are valuta and thus exempt from 21%

>> No.12621182
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12621182

>>12619789
>Silver is a hedge against an market collapse
>i'll buy my silver through the market i am hedging against

>> No.12621218
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12621218

>>12619985
Canadian Maples have a 9999 purity rating opposed to most others having 999