/gsg/ Gold & Silver General

[Anonymous No.15945737]

I have a feeling a general like this is going to become more and more important in the next couple years. What links/info should go in the OP?

Some open questions:

Should you invest in physical gold/silver, or pay a custodial service?
What are the best places / websites?
Thoughts on mining stocks / ETFs? How about funds that are part bullion and part equities?
What is the real cost of buying and then later selling bullion? You'll always pay a premium to buy and sell below spot, but are there costs associated with verifying bullion first? Do you always have to prove and trace your ownership?
Is Goldmoney a trusted method of investment? Has anyone here actually tried it out?

Boomers, feel free to impart your wisdom

[Anonymous No.15945765]

>>15945737
Can I join?

[Anonymous No.15945766]

>boomers
Support gold because they sponsor Hannity and Limbaugh

[Anonymous No.15945808]

>>15945765
I've heard coins aren't worth it because they come at premiums above what you can buy bullion for, though if you're a collector that's another story...

[Anonymous No.15945895]

Saw this info in a thread a few months back and will share this info with my frens.

Following sites have starter kits at spot price:

1. Bold Precious Metals
2. Provident Metals
3. SD Bullion
4. Silver Gold Bull
5. JM Bullion
6. Monument Metals
7. Buy Gold and Silver Coins
8. Global Bullion
9. Wholesale Coins Direct

[Anonymous No.15945924]

>>15945808
True, the premiums on coins are higher but they’re also more recognizable and more difficult to counterfeit, making their resale easier. Notice the little laser etched maple leaf?

[Anonymous No.15945934]

>>15945895
Is a "starter kit" just a first-time buy at spot price from that dealer? If so, I'm assuming you can get a bunch of starter kits from all of those sites?

[Anonymous No.15945955]

>>15945895
i'll do ya one better anon

> https://findbullionprices.com/buy-silver-at-spot-deals.php

link related is the landing page for spot deals.
also shows best prices among other filters, updated frequently

[Anonymous No.15945969]

>>15945934
one per household/payment method
(you can order one to your house with your credit card, one to your whore mother's house with bitcoin)

[Anonymous No.15945985]

>>15945955
Thanks fren

[Anonymous No.15946010]

>>15945969
But still, that's per dealer/website right, as in they don't somehow share information amongst each other to prevent one from buying a starter kit at each individual website right?

[Anonymous No.15946033]

>>15945955
Do these deals refresh daily?

>>15946010
They don't share. I've bought starters from 3 sites so far and have had a friend buy 1 for me so far using his info

[Anonymous No.15946156]

Anyone able to sell bullion reliably without a discount and to whom? I live in Eastern Europe and banks sell gold bullion, there are even Black Friday deals but they often refuse to buy. Not sure about coins.

[Anonymous No.15946194]

>>15946156
In my mind, I won't sell PMs for fiat.

[Anonymous No.15946231]

>>15946156
>>15946194
I'm also curious about this. I mean, at SOME point I'm gonna have to pay the bills in fiat, unless you're banking on the entire damn system blowing up in which case we have bigger problems. Anyone here have experience actually selling?

[Anonymous No.15946254]

>>15945737
friendly reminder. Always buy coins and no bars. Because bars are taxed and coins are not.
Never buy single coins since when you purchase silver for 10.000€ for example you can get it for the buy price.

[Anonymous No.15946274]

>>15946254
What about generic rounds?

[Anonymous No.15946282]

>>15946254
Is this a Euro rule or also applies to burgers?

[Anonymous No.15946290]

>>15946254
>bars are taxed and coins are not
Taxed upon selling them back to fiat for capital gains you mean? Or are they taxed immediately upon sale? Either way, how does the tax compare to the extra premium you pay by buying coins?

I find it hard to believe that you could buy gold/silver in coins and then not have to pay capital gains tax later. But then >>15946282 also has a point, maybe that's in your country and not USA?

[Anonymous No.15946371]

Buy Silver as much as you can, lads.

Next recession is gonna hit hard as fuck, once the Gold:Silver ratio closes in more, that's when you're suppose to hop into Gold.

.t 70oz Silver owner

[Anonymous No.15946412]

>>15946371
I have 70 oz. silver. How much to make it?

[Anonymous No.15946418]

>>15946371
Also, what is the ratio? How do you "hop into gold"? Sell the silver and buy the gold?

[Anonymous No.15946424]

>>15946371
>>15946412

tfw only 16 oz silver. Is there enough time left for me to stack?

[Anonymous No.15946436]

>>15946424
I have only started stacking since August. I will keep buying. See the list I posted earlier and the link the other anon posted; I've been buying starter kits for now.

[Anonymous No.15946445]

>>15946371
I'm planning on a mix of gold/silver, what mix do you guys think? And I'm planning on putting down $10k at least, I'm assuming it'd be better to buy in larger quantities like kilos/bars?

[Anonymous No.15946456]

>>15946033
>friend knows you have silver
Hope you're ready to kill him when SHTF

>>15945737
What's the best way to purchase physical?
>bars
>rounds
>coins
And what is everyone's opinion on the face value of the coin?

[Anonymous No.15946490]

>>15946282
>>15946290
Yes its indeed a Euro rule.
https://www.goldsilbershop.de/silber-kaufen.html

silver coins cost 12% less tax for purchase then bars.

But I am pretty sure that burgers also get benefits if they purchase silver in large quantities. I am buying silver in 10.000€ stacks with my family/friends every couple of years if the price is good. A lot of people in germany do the same when they buy oil btw. For example if your street needs oil. The whole neighbors purchase oil together with one order to lower the gallon price.

Protip: In germany selling silver is tax free after holding it for 1 year. Its basically the same rule as for bitcoin and crypto since crypto is considered a commodity.

[Anonymous No.15946496]

>>15946412
If you have just 1oz, you're already ahead of majority of the population. Just keep stacking over time. Don't stress it brother, the ride hasn't begun.

>>15946418
It's currently 85:1 which means for 85oz of silver, you can buy one gold oz. This is an all-time high ratio, it should be ideally around
55-65:1 (When the ratio is smaller, buy gold)

>>15946424
Plenty of time, our stacks are humble.

>>15946445
If you have the capital and can afford to put it all down, do it. If not, buy over time.

[Anonymous No.15946522]

>>15946456
I've got a group ready to go if/when SHTF. I've got many friends but only a few I trust. He's one of the few I trust.

>>15946445
From what I've read from other anons, the silver to gold ratio is something like 90:1 silver to gold when, historically, it's been 18:1-16:1 silver to gold. The wisdom I've seen has said to buy silver now and then when the ratio closes back to historical levels you dump the silver and pick up gold. The thought is that you'll be able to acquire "free" gold by abusing the unbalanced ratio. If what I have just said is misinformed I hope a more knowledgeable fren will correct me.

[Anonymous No.15946667]

APMEX is running a sweepstakes for Ameribros
>https://www.apmex.com/2019-royal-mint-sweepstakes

scroll down, expand Official Rules
click "online entry form" in section 2
>input name/email/phone
>winners will be notified the week of November 18
>prize is 500x 1 oz Silver Britannia coins

[Anonymous No.15946741]

>>15946667
Nice, thanks anon

[Anonymous No.15946763]

>>15946667
Thanks fren. Hopefully one of us wins

[Anonymous No.15946877]

>>15945737
what’s up with Palladium??

[Anonymous No.15946985]

>>15946877
Are altmetals even worth investing in?

[Anonymous No.15947261]

>look into gold to diversity
>most places sell "gold certificates"
>physical gold has 10% premium
>shipping and insurance cost extra
>risk being sent gold plated tungsten
>have to confirm your shit is actually gold
>attempt to sell years later
>bulk gold buyers offer -5% current market rates
>"I'm sorry to inform you this Mr. Goy, but the gold bars you sent us were actually made of tungsten!"
>"I'm sorry Mr. Goy we can't send them back to you they are on their way to Isra....er to the disposal facility! Thank you for understanding."

[Anonymous No.15947296]

>tfw when you have your physical gold at arms length

[Anonymous No.15947317]

>>15947261
How much of this is shitposting and how much is true... pls

[Anonymous No.15947380]

>>15947261
That’s why you buy coins from a bank. If it’s fake you’re lucky, because you can sue the shit out of the bank.
then you sell them back to a bank at spot

[Anonymous No.15947407]

>>15946254

Not for germans here

You pay no tax on gold even bars, because laws say its money. If you hold it for longer than 12 months you wont have to pay taxes on capital gains

[Anonymous No.15947422]

>>15946424
Who knows? But keep in mind you already have more physical than 99 percent of the global population, so keep up the good work. 1 ounce a month is still an ounce.

[Anonymous No.15947488]

What about a custodial service like goldmoney? https://www.goldmoney.com/dealing-rates-and-storage-fees

It's only a 0.5% premium, and monthly storage fee is 0.01%. If you bought $10k worth that's only $10 per year.

[Anonymous No.15948167]

>>15945934
>Next recession is gonna hit hard as fuck, once the Gold:Silver ratio closes in more, that's when you're suppose to hop into Gold.
why?

[Anonymous No.15948198]

How many sloots could I buy with a monsterbox in the upcoming financial apocalypse?

[Anonymous No.15948349]

>>15947488
Soros has his paws in Goldmoney
I'd neck before I considered using it

https://www.newsbtc.com/2014/12/31/soros-family-stake-bitgold/
https://soundmindinvesting.com/articles/view/what-does-the-bitgold-acquistion-of-goldmoney-mean-for-goldmoney-customers

[Anonymous No.15948371]

>>15948198
If it's a smart sloot one coin in the slot should do it.

[Anonymous No.15948468]

>>15948349
It also has a lot of bad reviews online, but majority seem to be from several years ago and also outside US/UK. Still...

Of course I'd rather hold on to physical coin/bullion, but the thought of getting screwed later on a la >>15947261 has me second-guessing

[Anonymous No.15948602]

>>15947488
why would someone do that?

[Anonymous No.15948853]

I'm wondering whether there'll be a way those with a large stack of silver - say a few thousand ounces - will be able to utilise it as some sort of societal/currency guarantee or something.

Just selling it off bit by bit would seem a pity. We need some sort of plan to let large holders become local trading hubs and earn an income.

[Anonymous No.15948870]

i bought 1.3k worth of boomer rocks lmao

how fucked am i bros? we thinkin 30 year long term holds?

[Anonymous No.15949106]

>>15947422
What is the best way to hold my silver? I have mostly silver eagles and buffaloes. Just want to store them in a way where they wont get damaged from moisture, dirt, dust, etc..

[Anonymous No.15949152]

>>15949106
Work your way up to 20 and get a 20 ounce capsule. most coin shops will have them for like a buck or just throw it in with your order. And consider wearing gloves when handling them, fingerprints/human oils can cause tarnishing. Not too big a deal if you don't though. But a good practice to have.

[Anonymous No.15949162]

>>15948870
It is long term for me for sure.

>t 30yo boomer

[Anonymous No.15949171]

>>15946231
local coin-shop pays 50C under spot.

[Anonymous No.15949212]

>>15949171
Do they just take them without requiring any kind of "verification"? I've heard that coins are much easier to sell than bars. Not that I'm planning anything nefarious

[Anonymous No.15949247]

>>15949212
Only sold coins because I only have coins - I like the art and design, such as the Mexican libertad's Tits. In regards to verification: as long as you sell small qualities, the transaction is completely anonymous/CASH. I live in the US.

[Anonymous No.15949276]

>>15949212
I've built up a good rapport with my LCS and so they didn't require ID or anything stupid.

On the subject of bars...which I actually happen to prefer...I'm predicting that as Silver goes up in popularity the counterfeiters will start circulating fake 10 ouncers as they should be easier to make than 1 ouncers. Not saying don't have any 10 ouncers, but don't go overboard and make them 100% of your stack.

>>15949171
>local coin-shop pays 50C under spot.
Not bad. BUT is that across the board or percentage-wise in regards to daily spot? Do they offer that for bullion, rounds and govt coinage alike? If you don't know ask them next time you go.

[Anonymous No.15949283]

>>15949247
Nice, probably a good argument for coins then as well. If 5 years down the line I need to sell some for fiat to pay the bills, I can just take a few coins at a time

[Anonymous No.15949284]

>>15949247
I might be remembering this completely out of my ass, but is it over 10,000.00 that they have to report it?

[Anonymous No.15949297]

>>15949276
The guy knows me, and has a huge safe with all kinds of bars, coins and rounds. So, thats how we deal, unsure if he jews other customers tho.

[Anonymous No.15949452]

My dealer sells with low premiums. Catch is he buys back at at least 5% under spot on literally everything.
It's okay because I can just take it to my state bullion depository and sell it at 3% above spot on a good day.
Feels good man.

[Anonymous No.15949480]

>>15949452
Cash transactions, or does state depository now know to keep tabs on you?

[Anonymous No.15949496]

>>15949452
Nice, where are you located

[Anonymous No.15949501]

Don't buy silver you'll get memed

[Anonymous No.15949512]

>>15949480
haha no nigga i'm from texas. our depository literally repatriated all our gold and silver from jew york. no reporting unless you trip the gay ass irs requirements. then in that case i can just go to another depository and spread it out. fun vacation imo.

[Anonymous No.15949521]

>>15949501
Explain

[Anonymous No.15949524]

>>15949501
i saw some dude on facebook market place try and sell a generic beat up morgan silver dollar for like $100 thinking it was rare and sheeeit.
people get scammed all the time, but it's mostly the ignorance on both ends.

[Anonymous No.15949590]

Do you think I could trade these for some canned food after the collapse? The box is made of silver too.

[Anonymous No.15949593]

Just ordered two 1oz gold bars from APMEX

[Anonymous No.15949598]

>>15946667
thx bro

[Anonymous No.15949642]

>>15949590
get fucking bullion you dummy.
no one wants any trinkets

[Anonymous No.15949685]

>>15949642
>SHTF
>Be me
>been stacking silver for decades
>go to grocery store
>barter for canned foods
>pull out pristine silver eagle
>Leave.
>Get killed same night for stack

or

>Be me
>buy gold wedding bands
>buy silver chains
>buy it all for -5% spot
>SHTF
>go to grocery store
>id like to trade my favourite silver necklace for some food please
>go home
>sleep

which one are you anon?

[Anonymous No.15949785]

>>15949512
Nice.

[Anonymous No.15949801]

>>15949501
Ikr you should buy linkies amirite haha $1000 EOY haha :D

Nigger.

[Anonymous No.15949852]

>>15949685
Different dude, but here's my take:

So scenario two might make sense if SHTF doesn't drag on. If it does no one will trade food for jewelry. There won't BE a grocery store until people are confident/calm enough to establish one.

Scenario one can be avoided if you stack food along with PMs, funs/ammo, and maintain your 360 awareness. Again don't count on grocery stores being a thing after a week or so of serious SHTF.

Diversify your preps. Only conduct PM transactions with those you are decently confident in. And at that point society is back to bartering anyway, so while it would suck ass, opportunities will also present themselves to use some of your stack.

[Anonymous No.15949936]

Wheres the best place to buy small fractions of silver and save on premiums. If SHTF, I imagine it would be best to own lots of ten 1/10oz coins than one 1oz coins.

[Anonymous No.15949959]

>>15949685
Junk silver is your friend for exactly this reason. Also you will want smaller amounts for smaller trades and is where 50 cent pieces, quarters, and dimes come in handy.

[Anonymous No.15949988]

>>15949936
>imagine it would be best to own lots of ten 1/10oz coins than one 1oz coins.


No, it's not. You buy ounces of silver because it's a more manageable and easier to liquidate than ounces of gold. Buying tenths is possible, but you're going to be dealing with A LOT of material. I still prefer 10 oz bars of silver to 1 oz bars because I hate having so many little ones.


Grams are only worth for gold and other high value metals.

[Anonymous No.15949991]

>>15945737
You can't eat gold. Trading and buying will soon be restricted to certain groups anyway. The best thing anyone can do is invest in the production of edibles, like plants, fruit, crops or fungus.

[Anonymous No.15950001]

>>15949988
buy what if I want to buy a loaf of bread and some eggs? I'd rather starve then spend an oz of silver for it

[Anonymous No.15950051]

>>15950001
Buy in bulk

[Anonymous No.15950086]

>>15950051
>bread gets moldy
RIP.
They guy you are arguing with is right. Good to have some small denominations for bartering.

[Anonymous No.15950130]

>>15950086
This. Fractionals/constitutionals have their place and purpose in a balanced stack.

[Anonymous No.15950151]

>>15950086
>not having refrigeration in your bunker
>even bothering with bread and other easily perishable foods

If you're worried about that then just keep a bunch of nickels and dimes then smelt them yourself. If you're worried about SHTF then you should stacking ammo, MREs, and canned goods to ride out the 6-12 months of lawlessness anyway.

When SHTF for real those groceries stores will have been looted, and won't be getting any new shipments anytime soon.

[Anonymous No.15950168]

>>15945737
GORO
/smg/ friend
buy some this week and hold till eoy or next year
At least till after next earnings
You’re welcome for the 100% gains

[Anonymous No.15950238]

>>15945895
Last protip before I bounce: If your a US veteran, call JM Bullion and send in your redacted DD214 and they'll give you the "As low as" price on ANY amount on anything on their website. Now you can buy, say, 5-6 eagles/generics and as long as your over 99$ you'll also get free shipping. Super cool hack to beat the typical rules of having to buy serious bulk to get the lowest price.

Not even a JM shill but they are some decent peeps. SD can't match, at least last I called them.

We wasted our youth/sweat/blood/tears for 'Murrica so take a good deal when/while you can.

Good thread fellow bugs. God Fuckin Speed.

[Anonymous No.15950827]

Crunched numbers on annual growth for gold and silver over the past fifty, twenty five, and twelve years and here's what I found:

> 50 years (1969-2019)
Gold averaged an average annual growth of +10.27%.
Silver averaged an average annual growth rate of 12.48584%.

> 25 years (1994-2019)
Gold: 6.6012%
Silver: 7.8552%

> 12 years (2007-2019)
Gold: 6.09%
Silver: 6.88%

Source: https://www.macrotrends.net/

[Anonymous No.15950899]

>>15950827
So if you buy (at a premium above spot) and plan to later sell (below spot) you need to hold for two years to break even?

[Schiff Will Win !!L6zziHG8/KZ No.15950967]

>>15949936
$5 roll 90% dimes are best for collapse or SHTF
>>15950168
Please delete this post sir

[Anonymous No.15951057]

>>15950967
>$5 roll 90% dimes
But if it doesn't HTF... will I be able to sell them back?

[Anonymous No.15951072]

>>15950899
Depends on the premium and thus the product but in principle you are correct. The redpill here is that gold has much lower premiums than silver when you consider them as percentages over spot rather than flat fiat cost.

[Anonymous No.15951102]

>>15949801
why not both?

[Anonymous No.15951241]

What's the point of buying this shit if I'm not even allowed to touch them?

[Anonymous No.15951268]

>>15951241
Touch it all you want. Toning and shit doesn’t change it’s value.

[Schiff Will Win !!L6zziHG8/KZ No.15951282]

>>15951057
>will i still be able to sell this
Yes, it is 90% silver, silver and gold can only go up

[Anonymous No.15951380]

>>15949590
You could sell it as scrap to an amateur refiner on eBay - probably get yourself some spam

[Anonymous No.15951401]

>>15950151
Want to protect yourself from SHTF? Move to a city with no niggers. Maine. Salt lake City. Iowa?

Stay away from Florida and California especially

[Anonymous No.15951415]

Too lazy for physical. Roth is 100% SLV and GLD.

[Anonymous No.15951440]

>>15951415
why lol thats literally retarded

[Anonymous No.15951450]

>>15951440
Liquidity. Why not?

[Anonymous No.15951471]

>>15951450
I hope you like quickly-evaporating-in-value cash equivalents

Kill-yourself-jew

[Anonymous No.15951499]

>>15951471
How would you personally invest in PMs in a retirement account?

[Anonymous No.15951542]

>>15951499
There are self-directed Roth IRA's that can account for your physical stack. You can roll your current IRA into them. I'm not sure much more beyond that what sort of PMs are considered acceptable but I have a hunch it's primarily government minted coinage. Someone else here might know more or can offer more accurate info. But yeah dude GTFO of paper silver n gold as fast as you can.

You own a stack of paper right now.

[Anonymous No.15951603]

>>15951268
That's only half the story, please don't mislead the noobs. Bullion dealers won't GAF whether it's been handled, some might even like the toning that can occur. I have some really nice toned pieces myself.

Numismatic dealers on the other hand will shit a brick if you breath on it wrong or if it's come from a humid climate. I can only wonder what they think of sea-recovered PMs. Some might not even want it, while others might offer to buy for a percentage below spot. Worth mentioning that numismatic market seems to be dying, and some think the grading system they employ is simply a bubble unto itself.

Ultimately it's still an ounce, but you need to know who your trying to sell it back to. There's a huge variety of both picky and casual buyers out there.

[Anonymous No.15951618]

Happy economic growth anons

[Anonymous No.15951627]

>>15951282
This is a dumb question, but Im a brainlet who cant math. How do I know I'm getting a good deal on junk silver? Obviously if I'm buying .999 or better I can compare it to the spot price, but with junk silver I'm trying to avoid over paying premiums

[Anonymous No.15951679]

>>15951627
Terms to remember are melt value, grading, condition.
https://coinvalues.com/roosevelt-dime/1948
Lots of coin sites online will keep track of that shit. I'm not too good at maths either, so a REAL nerd is needed here to fully explain. But also just shop around online sites and compare prices. Don't forget to factor in shipping.

[Anonymous No.15951735]

>>15951679
I see.. thank you kind sir

[Anonymous No.15951767]

>>15951735
https://youtu.be/P-XR9vCBGIk

Here's one last link my niggy. I'm out.

[Anonymous No.15951873]

>>15951767
you're the man. I'm definitely gonna cop a bag

[Schiff Will Win !!L6zziHG8/KZ No.15952115]

>>15951627
Compare to websites selling $5 rolls
https://sdbullion.com/5-dollar-face-rolls-90-silver-dimes
If you’re buying in store don’t buy collectors dimes etc, just go for the cheapest random year random design ones.
Divide that pricepoint by 50 then multiply that number by how many dimes you are buying
I.e.
$5 roll of 90% dimes = $66.45
66.54/50=1.32
$1.32 per dime
Say you want 30 dimes
30x1.32=39.87
So you’d pay around $40 for 30 silver dimes

[Anonymous No.15952874]

It's looking like bullion bars for gold is the best bet, gold coins/rounds have ridiculous premiums compared to silver.