What are you going to do?

[Anonymous No.674932]

So, silver dropped to 16.05 today. What does /biz/ do?

[Anonymous No.674940]

>>674932
Seriously? BUY then HOLD

[Anonymous No.674945]

>>674940
I wish I had waited. I bought 50ozt at 16.5 a couple seeks ago. Oh well, still a good price. Will it get down to 15.75 again?

[Anonymous No.674951]

>>674945

Possibly, if the market keeps doing what it is doing. Just watch the trends, and news.

[Anonymous No.674953]

Wait for it to drop to $10.

[Anonymous No.674956]

>>674932
Fire sale all holdings.

Chalk it up to stupidity and move on.

[Anonymous No.674963]

>>674932
Nothing. Won't touch it till I see $14.XX/ozt.

>>674956
>fire sale
Nah, not now - May should be fun, though. I believe that's when Greece's 4-month wait expires and they have to shit or get off the pot regarding the Euro.

[Anonymous No.676285]

>>674932
>investing into chemical elements

Have fun when someone finds a way how to artificially produce silver in mass quantities

[walw6pK4Alo !!Dad2zlG9Cj3 No.676314]

>>674945
>>674951

All of this fluctuation between 15 and 18 is just splitting hairs. I'd like to see it either shoot up or drop to nothing.

[Anonymous No.676339]

I just put in a order to APMEX.

5 2015 Canada 1.25 oz Silver $8 Bison BU
5 2015 China 1 oz Silver Panda BU (In Capsule)
5 2015 Canada 3/4 oz Silver Grey Wolf BU
5 2015 RCM 1 oz Silver Birds of Prey Series Red Tailed Hawk
1 2015 5 oz Silver ATB Homestead National Park, NE
1 2015 Rwanda 1 oz Silver African Buffalo

26 ounces of silver.
I hope they will appreciate over time but if they dont its still silver.

[Anonymous No.676362]

>>676339
Does anyone use their PMs rather than just sitting on them? I was considering trying my hand at jewelry crafting or pottery repair - start with silver since it's cheaper and practice until i'm confident enough to work with gold.

Pic related, Kintsugi is the Japanese art of repairing ceramic pottery and tableware with gold and silver.

[Anonymous No.676363]

>>676362
that is so cool

[Anonymous No.677405]

>>676362
Neat

[Anonymous No.677694]

>>676362
You can buy gold leaf super cheap on ebay, start there

[Anonymous No.677753]

>>674945
if you bought 50 at 16.5 and today it is 16.05, that is a difference of 22.50. if you are concerned about such trivial differences, you are probably extremely naive where investments are concerned, in which case you shouldn't be messing around with precious metals in the first place.

[Anonymous No.677759]

>>676362
Don't do it with Silver Eagles.

Secret Service will not be impressed.

[Anonymous No.677768]

>>677759
>Secret Service will not be impressed.

fucking hell there is some shit written on this board sometimes
i thought this was supposed to be /biz/ not /x/

[Anonymous No.677776]

>>677759
Making jewelry from coins is perfectly legal.

[Anonymous No.677876]

Just holding. If it continues to fall will buy more.

If it falls sufficiently I will buy and make solid silver statues as heirlooms for my children.

I like metal. Don't care if I lose $ on it.

[Anonymous No.677880]

>>677768
>>677776

If it's legal tender it's illegal to deface it, same reason why you can't melt down nickels for the metal content. Nothing wrong with doing it with non-US coins, but it's stupid to do with ASE's, especially given their premium to spot.

[Anonymous No.677895]

>>677876
>I will buy and make solid silver statues as heirlooms for my children
What does it feel like to waste money on useless trinkets your kids will sell and to utterly fail your children? Why not put the money to actual use and put it in a college savings plan for your kids or an individual investment account to see it grow substantially over time so you have an additional funds for your retirement so your kids won't be forced to financially take care of their failure parents and your kids might actually get some kind of inheritance?

[Anonymous No.677902]

>>677880
>If it's legal tender it's illegal to deface it
Wrong.
>same reason why you can't melt down nickels for the metal content
Not the same reason, no.

The actual law and explanation:
>"Whoever fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales or lightens any of the coins coined at the mints of the United States, or any foreign coins which are by law made current or are in actual use or circulation as money within the United States; or whoever fraudulently possesses, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or brings into the United States, any such coin, knowing the same to be altered, defaced, mutilated, impaired, diminished, falsified, scaled or lightened - shall be fined under this title or imprisoned not more than five years, or both." - US legal code
>"Section 331 of Title 18 of the United States code provides criminal penalties for anyone who 'fraudulently alters, defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States. This statute means that you may be violating the law if you change the appearance of the coin and fraudulently represent it to be other than the altered coin that it is. As a matter of policy, the U.S. Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent." - US Mint
Making jewelry from coins isn't fraudulent activity. That's why those souvenir penny presses aren't illegal.

[Anonymous No.677909]

>>677880
don't be so stupid. if it was illegal, then those machines you see at theme parks and attractions etc that take a coin and stretch it and print a design on it would immediately be illegal as well.

in most sensible countries it is only illegal to "deface" coins if you then try to make forged coins out of it.

in fact this explains the situation pretty well
http://en.wikipedia.org/wiki/Elongated_coin#Legality

you're right about the base metals part (although there is, of course, no way they would know) but not the defacement part.

[Anonymous No.677922]

>>674932

>had bought some silver a few years ago at a public auction
>pre-64 quarters, no one really knew about them, got 43 for $75
>sold them on eBay for $300 or so
>people telling me "you shudda kept them, they gun be worth a lot more later on"
>Go on eBay recently
>Like half that

I giggled.

[Anonymous No.677923]

>>677902

This, and besides, that law is directed at the people who melt copper pennies.

>and at one time nickels, but I think they're going for less than face value nowadays

[Anonymous No.677929]

>>676285
Well it sure hurt the diamond market. Not.

[Anonymous No.677936]

>>677929
Artificial white diamonds are pretty worthless (and white diamonds in general aren't worth much on the secondary market).

[Anonymous No.678029]

>>677923
>that law is directed at the people who melt copper pennies.

been collecting pounds of pre-82 pennies for a while. not sure what im gonna do with it, but ill certainly wait a while before considering any possible illegal act

[Anonymous No.678078]

>>677895

Why not both you fucking retard. Precious metals are just a hobby you fucking spergs.

Its always nice to have precious metal.

When my great-great grandparents left Armenia for Greece at the beginning of the century they left with 600 gold coins to start their new life before filthy Turks got their hands on them.

Who knows if accounts and fucking trusts will be around when the time comes.

[Anonymous No.678096]

>>678078
no need to get all defensive. but you're wasting money on PM's that could be put towards a useful capacity.

[Anonymous No.678268]

>>676339

How much total investment is that?

And do they ship to your house? Like I would put that shit on a shelf or in a display. And how would you resell?

[Anonymous No.678359]

>>676285
>artificially producing silver, an element
>artificially producing
>an element

Holy kek, did you fail chemistry class?

[Anonymous No.678365]

>>678359
>Holy kek, did you fail chemistry class?

Apparently you did...

[Anonymous No.678366]

>>674932
still expensive call me when its under 10$ dollars and I'll still say the same thing

>people actually think silver won't trade at 5$ a ounce in their lifetime

[Anonymous No.678372]

>>678359
>what are synthetic elements
>what is fusion
>what is fission

[Anonymous No.679562]

>>674945
>$15.85/ozt
Did you buy, anon?

[Anonymous No.679567]

>>678359
>they will never be able to make more of the element steel in our lifetimes

[Anonymous No.679580]

>>679567
Steel is an alloy of two elements, numb nuts

[Anonymous No.679614]

>>678029
I've been collecting them too. People sell them all the time on eBay right now, and imagine how much they will sell when copper goes up in price due to increased demand.

There will be no need to melt them because you'll just be able to sell them for over the spot price, just as people do right now with 90% silver coins.

[Anonymous No.679630]

>>674932
I bought $16.00 of 90% coins at 12.5x face. Total came to around $200.

I do dollar-cost averaging every 2 weeks. I'll always buy around $200 dollars worth. When prices are high I get less and when prices are low I get more. It works out well.

[Anonymous No.679694]

Now I don't feel so bad when I bought a few thousand worth at around $10-$12 and was in a bind and had to sell all around $30
>but hold long term it will pay off

[Anonymous No.679708]

This came in today.

[Anonymous No.679722]

>>674932
FUCK
I want to buy but the price hasn't gone down at all in the AUD.

The currency conversion is really fucking us in the ass in australia right now.

[Anonymous No.679909]

I'm a teenager and i'm wondering if it's worth for me to invest 100-200 bucks in silver right now, and where do you think I'm best off buying it from

[Anonymous No.679922]

>>679708
>1/4 oz gold coin

poorfag detected

[Anonymous No.680172]

>>679708
Should have kept the plastic protection on the bars, you pleb

[Anonymous No.680182]

>>680172
this is true, silber tarnishes.

>>679922
no joke. if you ain't buying bars, you should stick to tarnished silver bullshit.


and overall if you are actually buying bare metals in the year of our lord MMXX - V then I don't know what to tell you.

even the bitcoin retards are starting to look smart compared to you people.

[Anonymous No.680185]

>>679708

>buying 1 oz "bars"

High plebe. If you aren't buying at least kilobars and preferably 100ozt ones, you can fuck off back to r/silverbugs with the other poorfags.

[Anonymous No.680189]

>>680182
Not only does silver tarnish. It scratches the fuck up easily (gold is even worse).

Protip: if you are gonna buy precious metals, don't stack em like >>674932

[Anonymous No.680190]

>>680185
>not buying 400ozt good delivery bars
You're even more pleb if you buy something in the middle like 100ozt.

[Anonymous No.680193]

>$15.73/ozt

[Anonymous No.680194]

>>680190
Whoops, that should be 1000ozt. 400 is for gold.

[Anonymous No.680243]

>>679708
from which website did you bought them, I want to invest in silver but Im scared of all this fake stuff that is on the internet, also if someone bought real silver from some website please post it

[Anonymous No.680266]

>>680243

I'm in Canada, so Silvergoldbull.com, otherwise I just go downtown Montreal to Kitco and buy in person, but their selection is limited.

>>680185

>He thinks this is my whole stack.

[Anonymous No.680276]

>>680185
>>680190
>>680194

Good luck liquidating 100 400 or 1000 oz bars when you need to.

[Anonymous No.680458]

>>680276
Liquidating 1000ozt bars is easy, you just put in a sell order.

[Anonymous No.680499]

>>680458
m8 the reason people stack silver is for when hyperinflation or some other severe economy breaking crisis hits.

In such a situation, the silver exchange is not going to function correctly.
It's assumed all your silver holdings on the market will be liquidated for worthless hyper-inflated cash.

Only physical silver will maintain purchasing power.

[Anonymous No.680500]

>>680499
Which is why stacking silver is a silly thing to do.

[Anonymous No.680504]

>>680500
Depends how much you are stacking.

Keeping 5% of your entire wealth in precious metals is not a bad idea in terms of diversification and risk management.

I wouldn't put 50% of my wealth into it like others do, unless shit is really hitting the fan.

My mother has about 10,000$ in silver.
Not much at all.

[Anonymous No.680508]

>>680504
>Keeping 5% of your entire wealth in precious metals is not a bad idea in terms of diversification and risk management.
That's on the high end, but you can. That still doesn't mean you should be stacking. Rebalancing a portfolio that includes physical metals would be a hassle. Some sort of fund or similar makes things way easier (and more secure).

[Anonymous No.680523]

>>678359
So I'm guessing no older than 16?

[Anonymous No.680533]

>>678372
HAHAHAHAHA

>what is cost to produce
seriously, it's like what? a million dollars to produce a gram?

>inb4 muh future undefined technology might bring the price down to below 15$ an ounce

Silver right now is below the price it costs to just dig it out of the ground alone.
And you want to use a sophisticated fusion/fission process that is only technically feasible to not only produce this silver, but do it at a lower cost?

HAHAHAHAHA

[Anonymous No.680534]

Im new in silver investment so I would like to know why the silver which is sold on the on the internet have a higher price that the stock market price, I know that the dealer have to take his comision but when you want to trade whit gold the stock price and the price in the internet is nearly the same.
why?

[Anonymous No.680539]

>>680504
>"I wouldn't put 50% of my wealth into it like others do, unless shit is really hitting the fan."
>buy high, as shtf
If you're buying silver as or after shit hits the fan, it's too late.

If you're stacking silver to use as currency during a shtf scinerio, you're doing it wrong.

in the real world silver is a bet, and just what that bet is depends on if your going long or short. in the shtf world, silver and gold are stores of wealth meant to resume your family's economic status after shtf is over.

during a shtf event your currency will be food, medicine, ammunition, and recreational drugs.

[Anonymous No.680542]

>>680534
If you are asking why the price of physical silver is sometimes significantly more than the spot price, the answer is simple.

Cost of production is much more noticeable with silver.
You don't get close to spot until you start buying 1kilo and 100oz bars.

Gold on the other hand is so expensive that the difference between a 10oz bar and a 100oz bar is minimal.

tl:dr
Always buy silver at a minimum size of 1 kilo bars.
It's also the most liquid size.

[Anonymous No.680545]

>>680533
At what point did I say it was economically feasible? Oh right, I didn't.
>>680534
Dealers and quantity. An analogy would be buying any consumer item in bulk instead of individually.
>gold
Gold has a mark up as well, it's just that one ozt of gold costs much more than one ozt of silver.

[Anonymous No.680549]

>>680545
>At what point did I say it was economically feasible? Oh right, I didn't
>Have fun when someone finds a way how to artificially produce silver in mass quantities
Considering the entire argument you replied to was about economically producing silver at a price so low that it renders our current silver holdings worthless, yes that's precisely what you would have been implying.

[Anonymous No.680551]

>>680549
I was replying to the guy saying that you cannot produce an element because of "chemistry", which is simply wrong.

[Anonymous No.680563]

>>680551
No, you replied to >>680533
which is also >>680542 this anon.

He's right to laff.

[Anonymous No.680569]

>>680563
Herp da derp
>>678359
>>678372

[Anonymous No.680579]

>>680533
>>680545
>>680549
>>680551
Read these four, in order.

In >>680545, you reply to >>680533 saying "At what point did I say it was economically feasible? Oh right, I didn't."

Then, the anon that posted >>680533 replied to that with >>680549, saying "Considering the entire argument you replied to was about economically producing silver at a price so low that it renders our current silver holdings worthless, yes that's precisely what you would have been implying."

You then replied to >>680549 advising you didn't reply to him. However, >>680549 and >>680533
are the same anon.

So Herp Da Derp to you, sir.

[Anonymous No.680588]

>>680579
You need to work on your reading comprehension skills.

Look at what I said "I was replying to the guy saying that you cannot produce an element because of "chemistry", which is simply wrong." Which is exactly what I did. I replied >>678372 to >>678359

So yes, you're derping hard.

[Anonymous No.680590]

>>680588
>I replied >>678372 to >>678359
Yeah, fucking yesterday.

>You need to work on your reading comprehension skills.
My reading comprehension is fine. The other anon just joined the thread today and laffed at your notion of economical synthetic elements. You replied to him, he called you out, and now you're backtracking. He is right to laff at you, and now I am laffing too.

[Anonymous No.680595]

>>680590
>laff
You can't even spell correctly.
>The other anon just joined the thread today and laffed at your notion of economical synthetic elements
Which I never claimed.
>he called you out
After joining the thread today. He went back to an earlier point and tried to say that I made a claim that I never did.
>now you're backtracking
No, I'm not.

I can appreciate that you're trying to save face after derping so hard, but you should really give up at this point.

[Anonymous No.680598]

>>674932

Here's what you do:

Keep $3k-$5k in PMs for every $100,000 you have in your portfolio.

[Anonymous No.680610]

>>680595
>laff
>You can't even spell correctly.
Someone's new to 4chan.
I'll give you that you never directly said we're going to economically produce synthetic elements in those words, but considering the thread and your post's context it very much seems implied, and quite understandably inferred. If you didn't mean to imply that then you suck at getting your point across and might want to read your posts 2 or 3 times before hitting that POST button again.

>I can appreciate that you're trying to save face after derping so hard, but you should really give up at this point.
Awe, you're adorable when you're trying to be condescending.

[Anonymous No.680619]

>>680610
>Someone's new to 4chan
Nope.
>considering the thread and your post's context it very much seems implied,
Not really.
>and quite understandably inferred
Obviously I don't agree, but I didn't make fun of the guy for inferring it. I simply corrected him.
> If you didn't mean to imply that then you suck at getting your point across and might want to read your posts 2 or 3 times before hitting that POST button again.
You should try following your own advice.
>Awe, you're adorable when you're trying to be condescending.
Thank you.

[Anonymous No.680621]

>>680598
Forgot photo. My last delivery.

Protips:
-Buy from a reputable dealer (Apmex)
-Keep it in a bolted down safe ($$$) w/ your passport, some USD, and a few guns

[Anonymous No.681189]

>>677895
>Why not put the money to actual use and put it in a college savings

you slay me

[Anonymous No.681199]

>>679909
I am not going to tell you what to do with your money. I really like silver at the price it is at, so, I have been buying silver since October. Don't expect to make money on silver and you will do alright. Think of it as savings and not investing. $200 isnt enough to expect any real return on any investment anyway. If I started saving $200 a month as a teen, I would be sitting on close to $25k now.

[Anonymous No.682500]

>>674932


Should I do 10 oz bars, 5 oz bars, or Treasury Minted 1 oz coins?

Thinking for silver purchases

Also, for gold, should I get coins, or just do something reputable like pappe suise 1 oz bars

[Anonymous No.682659]

>>682500
That is up to you. Anymore, I only buy bars of at least 10ozt. My goal is to gather as much weight as I can for my money. Who mints it and what it looks like are mildly interesting to me. You can't always expect to get the premium back when you go to sell it. Refineries especially don't give a fuck where it comes from as long as it is AG.

[Anonymous No.682762]

>>682659
>>>682500
>I only buy bars of at least 10ozt. My goal is to gather as much weight as I can for my money.
This is my strategy too, although JM had 1ozt rounds on sale during this week's dip so instead of buying 2x 10ozt bars I bought 20x 1ozt rounds. It ended up being $4 cheaper than buying the bars.

The lowest I saw this week so far was $15.29/ozt but I jumped the gun early in the week and bought at $15.75/ozt - I figured the stock market finishing negative the other day would drive prices back up but then India announced they're looking to sell off some gold reserves and the price continued to drop.

[Anonymous No.682785]

Start buying when the US eventually restarts QE.

[Anonymous No.682809]

>>678359

Yeah but Apple is making its own gold. "Apple Gold" is actually an improvement over normal gold because they made the molecules fit closer together. It's currently selling at 34k per ounce.

[Anonymous No.682850]

>>682809
>Apple Gold
>http://gizmodo.com/how-apple-will-make-superstrong-apple-gold-for-its-wa-1690212768
>18 karat
If it's selling at $34K/ozt it's because it's an Apple brand.

[Anonymous No.683833]

>>682500
1 kilo silver bars are the most liquid next to 1oz sized.

A bigger size = closer to spot price, less of a premium charged per ounce

1 kilo bars are typically the optimal size, closest to spot while still being highly liquid and easily moved.

[Anonymous No.683885]

>>683833
>1 kilo bars are typically the optimal size, closest to spot while still being highly liquid and easily moved.
I guess this depends who you talk to. I've always read and heard 10oz bars are the most liquid since it's within the price scope of both industrial buyers and private collectors - but everyone on /biz/ that collects PMs say kilos are best.

[Anonymous No.683887]

>>683885
>I've always read and heard 10oz bars are the most liquid since it's within the price scope of both industrial buyers and private collectors
I've only ever seen that said on sites that sell to individuals. An industrial buyer wouldn't be dealing with 10 ozt bars (or if it was, it would just be buying all sizes). 1 ozt is the most liquid size an individual would have.

[Anonymous No.683900]

>>682500
For silver it's bout collectability so pick your poison.
For gold i would argue for coins, much more practical to be carried internationally.

[Anonymous No.684575]

>>683900
>recommending numismatics
m8 during a crisis, your numismatic premium is going out the window.

Only ounces matter when you really need them.
"collectibles" are a luxury people only indulge in during good economic times.

There is of course a case to be made for semi numismatic bullion coins.
For example kookaburras have a premium over spot but they allow you to make gains in a static silver market as they appreciate on a yearly basis.
But during an actual crisis which is when you'd want to sell your silver in exchange for a different asset, like say real estate, you are going to want as many ounces as possible as that kookaburra is only going to sell for the same metal content as any other 1 ounce bar or coin.

I'm in Australia though, so buying from a London Bullion Market Association registered refiner, like say the Perth Mint is preferred for taxation purposes.
Only internationally recognized marks with purity of 99% are GST exempt.

[Anonymous No.686020]

>>674932
BUYYYYYYYYY

[Anonymous No.686219]

>>674932
>So, silver dropped to 16.05 today. What does /biz/ do?

Silver is a commodity, just like any other commodity. Just like gold is just a commodity. Some people become gold bugs and get some kind of obsession with gold.

Silver is portable, durable, divisible and uniform. Thus it makes a good commodity to hold onto. Other than having those properties, you're as well off holding onto any other commodity.

[Anonymous No.686221]

Not invest in a cheap ass metal?
>tfw only silver I own is a couple minted troy ounce bars my parents picked up when I was born