Buying gold and silver.

[LBrandt]

I have a nice pile of ammo and silver coins before the coins started to change over to a blended metal Composit. Coins are kept in Safety Deposit boxes in various banks. Its amazing what an ice cream bucket of dimes and quarters is worth. LB

 

[risingsun]

I just talked with one of my friends who WAS heavy into crypto. He started with around $220k in it. Quickly went up to 500K then 1mil. Then 2.2million
Guess what happened with the FTX collapse?
He lost it ALL . . . wow just wow.

Personally I am staying away from crypto.

Greed clouding common sense.

 

[ndlongshot]

Bitcoin will make, at minimum, one more bullrun in the next couple years.

After that, who knows....but when you look at the state of the world, who really can predict much at all. The brick and mortor industry just keeps putting buildings on every corner, and they seem to be doing GREAT!
No suit can tell you to wait 14 days to receive your bitcoin and go broke in mean time.

 

[Phill Latio]

The rough price for non graded silver coins is 10-12 times the face value of the coin. For example a dime is worth roughly $1.00 to $1.20

This is wrong. The melt value of a dime is 1.64 right now. “Junk silver” or any dime, quarter, half dollar 1964 or earlier is actually worth over 20x $1 face value. So any combination of above that equals 1 dollar face is worth atleast $20. They are selling beyond their silver melt value. Junk silver has high high premiums right now

 

[LBrandt]

This is wrong. The melt value of a dime is 1.64 right now. “Junk silver” or any dime, quarter, half dollar 1964 or earlier is actually worth over 20x $1 face value. So any combination of above that equals 1 dollar face is worth atleast $20. They are selling beyond their silver melt value. Junk silver has high high premiums right now

Last time a sold a bucket full it was 18x. LB

 

[Phill Latio]

Last time a sold a bucket full it was 18x. LB

I would gladly buy it at that if you have any more

 

[KDM]

It is written in Scriptures: Zephania 1 verses 17-18: And I will bring distress upon men that they shall walk like blind men because they have sinned against the Lord and their blood shall be poured out as dust and their flesh as the dung. Neither their silver, nor their gold shall be able to deliver them in the day of the Lords wrath. but the whole land shall be devoured by the fire of his jealousy, for He shall make a speedy riddance of all them that dwell in the land. Also in James 5 verses 1-3: Go to now ye rich men, weep and howl for your miseries that shall come upon you. 2: Your riches are corrupted and your garments are moth eaten. 3: Your gold and silver is cankered; and the rust of them shall be a witness against you and shall eat your flesh as if it were fire. Ye have heaped treasure together for the last days.

Now in Mathew 6 verse 18-21 the Christ says: That thou appear not unto men to fast, but unto thy Father, which is in secret and thy Father which seeth in secret shall reward thee openly. 19 Lay not up for yourself, treasures upon earth where moth and rust doth corrupt and where thieves break through and steal. 20 But lay up for yourselves treasures in heaven where neither moth nor rust doth corrupt and where thieves do not break through nor steal. 21 For where your treasure is, there will your heart be also.

Having some gold or silver is a good thing IMO, but in reality you can't eat and it's value is based on what someone else is willing to give you for it. I think there are other matters that take higher precedence than gold or silver.

 

[Phill Latio]

Gold over 2K, gonna be an all time high sooner than later.....

 

[Wall-eyes]

I was very luck many years ago my new neighbor back than owned bars in Fort Yates for like 50 years and all the change left on counters he put in old milk cans and stored them in back of the bar. When he sold he moved all 50 plus cans into his garage it was a site to see. His wife was going through all of it and sorting and rolling them in the basement looked like Fort Knox. Long story short their health went bad quickly and I made an offer on the whole lot and it now is mine. God shines a light on us I guess.

 

[Fishmission]

It’s hard to lay off buying something right now. Those copper bars and coins are cool as shit. Don’t cost much if silver is more $ than what you want to spend.

 

[Phill Latio]

This is wrong. The melt value of a dime is 1.64 right now. “Junk silver” or any dime, quarter, half dollar 1964 or earlier is actually worth over 20x $1 face value. So any combination of above that equals 1 dollar face is worth atleast $20. They are selling beyond their silver melt value. Junk silver has high high premiums right now

Junk silver is now going 30x $1 face value now at most of the popular online dealers

 

[db-2]

Land for food. Worth more than gold or silver. I have neither. db

 

[agriffith]

Just curious, what's the return on investment for gold/silver over the last 10 or 20 years?

 

[Slappy]

Just curious, what's the return on investment for gold/silver over the last 10 or 20 years?

20 years, not bad. 10 years, terrible.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

If gold is the only thing that will have value soon, why are all the companies selling it spending so much on advertising trying to get rid of it?

 

[svnmag]

 

[Phill Latio]

Just curious, what's the return on investment for gold/silver over the last 10 or 20 years?

Gold and silver are not supposed to be considered an “investment” but more about preservation of wealth. Example) a quarter from the early 1960’s could buy you a gallon of gas. Today, that same quarter from the 1960’s has enough silver content that it will still buy you a gallon of gas. That’s how it was explained to me so take that for what it’s worth

Yes if you bought a bunch of each in March of 2020 it was an excellent “investment” but only if you sold now. Most people sit on their gold and silver and do not actually sell unless needed

At the end of the day your all time #1 investment in my mind is land. Assuming you’re not paying 8k/acre for it but someday that will be considered cheap I’m sure

 

[KDM]

That's about how it was explained to me too Phill. An oz of gold back in 1900 could buy you a good tailored suit. Today an oz of gold will buy you the same thing...a good tailored suit.

 

[Allen]

At the end of the day your all time #1 investment in my mind is land. Assuming you’re not paying 8k/acre for it but someday that will be considered cheap I’m sure

I would tend to agree with this statement for a couple of reasons, and strongly disagree for one reason. Firstly, I can't think of a single parcel of land that was purchased and then resold for a lesser amount when it comes to agricultural land or hunting lands. I'm sure there are examples of it out there, I just don't know of any and that makes it a pretty safe investment. Secondly, you earn passive income by just buying land as you will most likely turn around and rent it out for ag purposes, or maybe even parts of it for commercial and industrial use. Not only can land earn income from ag rental, but wind turbines, pipeline easements, cell towers, etc, etc all add up over time if you have the right location.

The problem with buying land as an investment, and this is a huge problem for many, is that the passive income is usually not nearly enough to make the bank payment for those who can't afford to come up with a down payment of around 50%, or more. This means a person will often have to supplement the cost of ownership (bank payment, taxes, upkeep, improvements) with what is often a non-trivial dollar amount from their other income sources.

I have put pencil to paper a number of times on purchasing land for my own hunting and enjoyment only to find out that the number of acres I want (160-1280) would require far too large of a supplement from my day job for the cost of ownership. That income is often better spent on other things that I want. Obviously, It's all about one's personal priorities. But damn if I don't want to own more land!

 

[KDM]

Buying land WITHOUT involving a bank is the ONLY way to buy land IMO. If you involve a bank, the chances of actually owning that land within your lifetime is significantly diminished.

 

[svnmag]

Buying land WITHOUT involving a bank is the ONLY way to buy land IMO. If you involve a bank, the chances of actually owning that land within your lifetime is significantly diminished.

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