…… The benefits of physically owning gold or silver

4

49erJosh

Inactive
Hi Guys!

I want to hear your opinions on gold and silver.

Would you consider to invest, why or why not?

Also, the best online bullion dealer youv'e come across.

My favorite online dealer is Bullion Exchanges. https://bullionexchanges.com/

Please let me know in the comments below!
 
D

Dozdoats

On TB every waking moment
It's not an investment - it is insurance for your phony digidollars.

It IS money, everything else is … not money.

NO, I would not INVEST in it. I would OWN it for security's sake.

Buy from a trusted source, pay in full and take delivery. Over the counter face to face is best, if you can.

Big orders, Dillon-Gage in Dallas. https://dillongage.com/ Haven't made any large purchases in years though. Small orders, Franklin Sanders - https://the-moneychanger.com/

Have a plan to SELL as well as buy. The Powell Doctrine for finance :D

Wanna have fun?? 321gold.com - buy junior mining stocks. But be careful … learn how to speculate first. Speculating IS NOT the same as investing.
 
N

night driver

ESFP adrift in INTJ sea
The benefits of physically owning gold or silver--are ONLY available if you can physically TOUCH (fondle??) it any time you want to, day or night.
 
West

West

Senior
If this loads its the vary best short description of gold bar none... I'm in the old and hugging camp...
 

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Hfcomms

Hfcomms

EN66iq
What Doz said. They are not investments and anyone that tells you they are does not understand their function. What they are is real money with no counterparty risk. 100 years ago you could go to the bank and exchange a one ounce gold coin for a $20 FRN note and vice verse. Both the coin and the note would buy you a beef cow or a fine business suit. Fast forward 100 years that one ounce coin will still buy you that cow or a suit. The $20 bill will buy you a takeout pizza without the tip.

When you see the gold price going ‘up’ the gold isn’t more valuable it’s the value of the dollar going down. What gold does (and silver) is preserves your purchasing power over time. Look at it as insurance or as a savings account. The metals will see you through to the next financial system. You need to quickly educate yourself on the subject so you can make informed choices.
 
J

Jeep

Veteran Member
Go to a local coin dealer and pay cash. No CC, check, or debt card transaction to trace.
 
W

wab54

Veteran Member
As others have said, Buy Gold and silver then have it put in your hand. If you don't physically have it then you don't own it. I know its not always possible but try to buy it with cash. When you get it, don't let it out of your possession. Don't ever let someone talk you into "investing" it. You will lose it.


WAB
 
Shooter

Shooter

Veteran Member
Jeep said:
Go to a local coin dealer and pay cash. No CC, check, or debt card transaction to trace.
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exactly right. DO NOT BUY from anyone that has to ship. and dont use a credit card. find a local coin shop. pay cash. and dont give your name or adress. the dealers will understand that .
 
Dennis Olson

Dennis Olson

Chief Curmudgeon
_______________
Thinking PMs are an “investment” is crazy. PMs are purely to preserve wealth. And then only physical PMs. “Paper” is worthless.
 
alpha

alpha

Veteran Member
night driver said:
The benefits of physically owning gold or silver--are ONLY available if you can physically TOUCH (fondle??) it any time you want to, day or night.
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I'm with you night driver...
 

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Millwright

Millwright

Knuckle Dragger
_______________
It also says that you gots style.

th
 
OZARK

OZARK

Senior Member
Get to know your local coin dealer (LCD). Buy some generic rounds, some Eagles, and a bunch of "junk silver" (dollars, halves, quarters and dimes) made before 1965. I don't count 40 percent halves of the late 60s. More the merrier. Buy a little each week. Stack, stack, stack.
 
F

fish hook

Deceased
I am surprised that no one mentioned sdbullion.com .They give good service,good prices and free shipping on orders over $99.00.
 
hiwall

hiwall

Has No Life - Lives on TB
Many of the large dealers sell on ebay. Silver eagles are at $18.50 with free shipping and no up charge for using your credit card.
 
S

Switchback

Veteran Member
I like to get drunk and roll around in the bathtub with all my metals when the price goes up. Happiness is a benefit.
 
Zahra

Zahra

Veteran Member
I second the positive experience of buying and selling to California Numismatics @ https://www.golddealer.com/

I've used them since 2007 and never had any problems.

They've been around a long time too and they give you the actual buy and sell price for each type of coin right on the bullion pages (and it updates along with the spot market).

I'm VERY picky about who I trust when it comes to buying gold since the Hannes Tulving problem (which luckily I wasn't a victim of), so I prefer large trustworthy companies rather than one man shops. The prices are more competitive too.
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
I favor pre-64 coinage. A lot more recognizable, but still mostly silver. Available in small quantities and for not too much markup. Also a pretty low risk of counterfeit.

It's useful to have some in case of dollar collapse, especially if there's a new currency to follow. Some will say we'll segue right from dollar collapse to the Mark of the Beast, which is possible, but not certain.
 
Quiet Man

Quiet Man

Nothing unreal exists
nadhob said:
Hey....Fill the tub!!! Gold just broke thru $1400 tonight......
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Wow $1,407 as I write this. This may be signaling the beginning of the next long-term rise for PMs. TPTB have suppressed the price for decades because this has served their needs. When the time comes, it will be TPTB that cause it to rise because it, again, serves them. (I'm guessing that price will get away from them after that).

Jim Sinclair is calling for around $1,920 (the former all-time high) as the next upside target before going much higher. In the west, we tend to buy PMs when the price goes up, so this will drive-up premiums. In the east, they are smarter about PMs -- they know the history of fiat currencies and know that only gold/silver is money -- so they buy when price falls.

I fear for what is coming for normal folk. Be sure to have some storable food before buying metals.
 
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Blacknarwhal

Blacknarwhal

Let's Go Brandon!
Dennis Olson said:
And some say that monkeys will come flying out my butt, which is possible, but not certain.
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Unless the law of spontaneous generation has suddenly become a real thing, or you've found a kind of flying monkey that's of sufficient size to be installed in your rectum--if that's the case they're either very small or you're very popular on Fire Island--the possibility of monkeys flying out of your butt is significantly lower than going from the dollar to the Mark. That, at least, could happen.
 
Quiet Man

Quiet Man

Nothing unreal exists
Racing22 said:
It also may not.
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You, of course, may be right. However, look at a longer-term chart. See the cup formation that we are around the end of now. I understand and share the pessimism, as well as the pain of decades of manipulation. We all must make our own decisions.
 
Suzieq

Suzieq

Veteran Member
nadhob said:
Hey....Fill the tub!!! Gold just broke thru $1400 tonight......
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I was listening to Gerald Celente last week, in an interview on John B. Well's Saturday night show, who said to look out for Gold to breaks around $1450 to $1500 an oz. This will mean a financial collapse is upon us and to get ready.
 
R

Richard

TB Fanatic
I am not sure how taxation works in the USA but I would buy gold Britannias in the UK which are not subject to VAT or capital gains tax (CGT) as they have a nominal monetary value. I would buy the newest, current year uncirculated in as new condition. Britannias now have a gold purity of 999.9. I would not buy gold bars or other types of gold coins or circulated coins. I would consider buying different weights of different values as it may be easier to sell smaller coins in times of economic crises even though they are more expensive.

Caution - from 1980 up until about 2005 the gold price was fixed at about £200 per ounce.

https://www.bullionbypost.co.uk/gold-price/gold-price-history/
 
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