Buying gold and silver.

[Phill Latio]

prices are creeping! get you some of that gold and silver while its still affordable! Gold will hit an all time high today!

 

[3Roosters]

I bought a few ounces of Gold recently and have tucked away in my safety deposit box. It is a long term play. I have NO intention of selling in the next 5,10,15 yrs but rather including it with anything else I may have to my beneficiaries. Call me dumb if you wish, but I think they would think it's cool to inherit Gold and that's all that matters.

 

[svnmag]

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

Thanks for this post.

 

[Fishmission]

Getting a real itchy trigger finger on some more silver.

 

[BrokenBackJack]

Price?

 

[Fishmission]

https://www.coinguide.com/product/2023-silver-american-eagle-roll-of-20-coins-bu-copy/
Five bucks over Spot is really good for silver eagles

 

[deleted member]

isn't the current price in the $23 range?

 

[Fishmission]

Correct. Silver eagles on most sites are around that nine dollar over Spot.

 

[deleted member]

$5 over spot per coin/ounce. now i am following you. at first i thought you were claiming $5 over spot for the entire lot of 20 coins.

anyway, riddle me this batman, why does the US government use $23 worth of silver to make a $1 coin? i guess i realize they can't be had for $1 each unless some idiot spends them like an actual dollar and they end up in your cash register or pocket. from a government cost to benefit perspective, just curious what the point is.

 

[3Roosters]

$5 over spot per coin/ounce. now i am following you. at first i thought you were claiming $5 over spot for the entire lot of 20 coins.

anyway, riddle me this batman, why does the US government use $23 worth of silver to make a $1 coin? i guess i realize they can't be had for $1 each unless some idiot spends them like an actual dollar and they end up in your cash register or pocket. from a government cost to benefit perspective, just curious what the point is.

I can have this person meet with you espringers and she can give you the scoop for you to decide. Let me know.

 

[3Roosters]

relax ppl...we know each other!!

 

[deleted member]

Are they good investments? Obviously the government makes $ off them? Admittedly I am obviously ignorant on this. I can only assume that the answer to the former is yes. But, the latter?

 

[Fishmission]

You can make money off of those. for instance eagles go up in value on dates alone. A 2014 silver eagle is worth a lot more than 2023. I’ve been collecting since 2013. Certain years are worth more than other higher mintage years. If you can afford it buy a few. Bottom line is they go up and they go down depending on the silver market. Right now it’s down compared to several months ago when it was 28 bucks an ounce spot. Who knows, if the economy crashes silver and gold could double in value quickly. in a great stock market economy silver and gold weakens and that’s when you should buy. At least that’s what I have always went by.
use cotton gloves. Keep in a safe with a dehumidifier rod

 

[wslayer]

Maybe just me but my toughts if economy crashes, and the only means of purchase is gold or silver, aren't people going to just jack prices up beings they know that is only way of buying ? Just tossing it out there . . .
Haven't really looked into it much.

 

[3Roosters]

You can make money off of those. for instance eagles go up in value on dates alone. A 2014 silver eagle is worth a lot more than 2023. I’ve been collecting since 2013. Certain years are worth more than other higher mintage years. If you can afford it buy a few. Bottom line is they go up and they go down depending on the silver market. Right now it’s down compared to several months ago when it was 28 bucks an ounce spot. Who knows, if the economy crashes silver and gold could double in value quickly. in a great stock market economy silver and gold weakens and that’s when you should buy. At least that’s what I have always went by.
use cotton gloves. Keep in a safe with a dehumidifier rod

What would be a fair price to pay for a 10 ounce silver bar? 2013, .999 silver? Today. I am probably gonna get me a bar.

 

[Davey Crockett]

Iv'e always been scared of Gold and silver just in case there would be a huge discovery that would make it worth less . Just the way I was wired from the factory.

 

[Fishmission]

What would be a fair price to pay for a 10 ounce silver bar? 2013, .999 silver? Today. I am probably gonna get me a bar.

Looks like there are some in the 250 range. Seems to be a fair price around three bucks over spot or less
did not see the 2013. The ones I have seen do not have a date. bummer

 

[Fishmission]

I think the minnows ran out of water! This guy walks and talks precious metals. Very informative
https://www.youtube.com/@floridastacker

 

[Sum1]

Bad time to buy gold it is at all time high so is silver. I bought 20 years ago makes me happy now frinking stock market sucks

Twenty years from now they will be saying 2023 was a good time to buy gold. Lol

 

[3Roosters]

Hope I didn't make a bad move but bought a bar for $275 a few weeks back, In the safety deposit box it went. I plan on keeping for years and years and years.