Home Forums Hunting & Shooting Hunter's Campfire Precious metal investment

I buy from Colorado Gold. There is a minimum but the prices are best.

If you can't hold it in your hands, you don't own it. You only own a contract.

Smart. Go to APMEX. Much better prices.

Buy gold that is currency, it is not taxable. A buddy has been heavily invested in gold and silver coin, he missed out on the greatest stock market run and drop. We'll see if it comes back, I'm betting it will.

Ignore the spot price. The paper markets that set spot are highly manipulated. If this keeps up the Comex will crash. The reason the dealers are sold out and metal is selling above spot means the paper market is currently irrelevant.

Another thing to consider is silver to gold value. Back when gold and silver were considered money that ratio was about 20 to 1. Today it is approx. 120 to 1, silver is way undervalued.

Silver is way more volatile than gold and has been for a long time.

The advice to hold metal stocks or ETF's is horrible advice, it is paper contracts on metal that has been sold to several different people.

The purpose of metal is not to grow your wealth but to preserve it.

It serves this function best during times of uncertainty, like what is going on now.

You will start hearing how our system is a Ponzi scheme that needs constant growth to stay viable, pay attention to those authors.

Printing trillions more for bail outs on top of the trillions of debt will lead to inflation.

We are currently in a deflationary crisis like non in history, inflation will follow.

The machine is very close to being irreparably broken, plan accordingly

I use to work for Blanchard in th 80s. Good people. Mike Fuljenz worked there at the same time and he was the go to knowledge guy. He is off on his own now at Universal Coin. Might be a good place to start with either of those.

mike762?? That you?

No Hawkeye, no sock puppets for me ... yet

I do miss that guy though

So I thought, I have stock in Freeport-McMoRan, So I thought should have some physical metal too.
Guess which is more valuable today? if F-M ever recovers I will liquidate and buy physical with the funds.
my only advice to anyone just getting into metals, buy some fractional's too. easier to spend then bars.

Easiest way for those of you with a brokerage account is GLD.

Silver dimes are awesome for that purpose, and can be had for very close to spot. You can get huge sacks full from APMEX.

I like 1964 Kennedy 90% silver half dollars, too, for fractionals. You can get them even closer to spot, usually, because few know that 1964 (and only 1964) Kennedy half dollars were minted 90% silver. After that, they were minted 40% silver till 1971, when they completely stopped using silver in any US coinage. Since few know this about 1964 Kennedy half dollars, there is less demand for them.

Freeport isn’t going anywhere but up long term.

Ahh the dooms dayers, I have to hold it in my hand or it doesn't exist. LMAO

As for buying metal currency it certainly is taxable! Who is going to write you a check for $20K to however many $K and where are you going to deposit it? Good god it is easy to see who knows something and who is clueless.

Yes we are in a time of uncertainty and a situation never seen before. But just like every other this is the ONE, we will overcome it. The markets will recover, and this times like times past are were you make your money if you are positioned right.

Precious metals are whole different thing, think of it as wealth preservation in difficult times. A hedge so to speak. To put all of ones assets into a single commodity , stock etc... is a fools game.
In saving and investing diversity is your friend..... not so much in demographics....

The thing about markets always recovering is the time factor, if you are 65 and your stock portfolio collapses time is not on your side. Even in really good times it takes about ten years of a bull market to recover deep loses.

Precious metals are simply a diversified hedge to offset those losses.... nothing more nothing less

Oh and another thing if you get wealthy of of your P.M. investment the economy has collapsed

The thing about markets always recovering is the time factor, if you are 65 and your stock portfolio collapses time is not on your side. Even in really good times it takes about ten years of a bull market to recover deep loses.

Whoever is at that age and that heavy into the market either has a really bad financial advisor or is just plain dumb! It also doesn't take 10 years to recover, I recovered from the 2008 market in less then five.

Hell in 08 I bought shares of the Hartford at $6ish a share. Even in this dump today I am still well above water. Again the doomsdayers love to point out people doing stupid sh_t as defense for their bad advice. Smart investing is your own responsibility at 65 you should be in full swing asset protection. If you are doing well at 65 and are in full swing protection you can afford to dabble but you should know dam well your limits.

Seeing how everyone wants to use dooms day scenarios what 65 to 100 year old is going to carry a sack of silver and gold to be bartered or solid? Not to mention the crimes on the streets and protecting not only their self but their liquid silver and gold assets? Come on truth is historically metals never out pace the markets, and the markets always return. Like I said the sellers are the ones making money or Gold and silver. Anyways it's your money invest it how you want to.

You think?

PM's are like playing sucker bets in craps, Payouts look great but are never true odds/values. Add to it they are the least likely to happen in odds as well.

MCH,
Your points are valid of course. P.M.'s are simply another tool available in your financial tool chest. A thousand ways to skin this cat and everybody's situation, needs, time frame, risk tolerance etc.. are different.
I made a decisions years ago to avoid the stock market, watching it in free fall is fascinating but not personally terrifying, I do worry for our country though.

I am a little older than you therefore my needs and priorities are different. People need to educate themselves and make a decision that is right for them.

Again P.M.'s are simply another means to an end

I never said they were not a available tool. I said those that are making money on it is the sellers. A better way is to own stocks, funds, and ETF's in PM's. There are many different ways that can be held and it doesn't require storing, transporting, or having to protect it. Add that the ROI has historically been better as well over coins and Bullion. I don't think you and I disagree all that much fiscally.

I have seen first hand just how bad the coin market is. I had a relative that had a rather large coin portfolio and also keep every receipt for well over 40 years on every piece bought. After searching high and low for the best cash out value it was a horrible turn out and that was when gold was well over $1K and silver was near $50.00. I was very lucky in the timing of it and it was by no means planned, I would rather have my relative back and have lost the value. My point is that that one peak saved a total disaster and yes we profited a small amount. Nothing close to what that money would have been if invested wisely in the market all those years.