Home Forums Hunting & Shooting Hunter's Campfire Gold and Silver

I buy locally. "Locally" being within a 150 mile radius. A friend buys online with good results but be advised that if you do, the government knows about everything you have or at least had. Be further advised that earnings on precious metals are taxable.

I would think if you are going to take physical possession of it junk silver is a good way to go. What makes it junk is that it has no numismatic value. They are U.S. silver coins minted prior to discontinuing silver. 1964 and prior. 1 dollar in coins has slightly over 7/10 of an ounce of silver so the intrinsic value is easy to figure and if you ever get ready to sell or trade there won't be a big hassle over getting them assayed to see if they're real. So just figure if you buy $1000 in face value you get 700+ ounces. There will be a premium over spot but at a decent dealer it won't be a terrible lot. Another advantage is the ability to make smaller purchases or trades that you couldn't with 1 ounce gold or bigger silver bars.

The above is true. Premiums on eagles and even junk silver are running about $10 over spot right now. When there's that big of difference between the paper and physical markets you know there is manipulation going on. I think the spot prices are being manipulated down.

It's hard to want to spend $36 for an ounce when spot is $26. The market would really have to move just to break even. Most dealers around here still only want to pay spot if you're selling to them.

Make sure you use a reputable dealer because there are lots of good fakes out there. If used silver.com, provident metals, apex, and sgbullion along with a few others over the last few years and had good luck with them.

I'd offer to sale some of mine but at today's price I'd be making a profit and that would upset a lot of people on the fire.

I look at metals as more of an insurance policy than an investment. There are better investments out there but there is peace of mind knowing you have a bit of bullion. I tell friends to shoot for 5-10% of their assets in bullion.

Bb

I just bought my 1st Krugerrand last night.
Gold is falling, so I scooped 1 up to add to the stash.

I have a very good investment portfolio, nice savings account, and good income.
I buy gold and silver just to have it, I like the look and feel. My gold is $20 Double Eagles, great look and history.
I would not buy it as my primary investment, just something special, sort of like my collection of Colt SAA's

JM Bullion.com

Always happy with the trades that I have done with them. Silver & gold are portable safety net in an unpredictable world. Never look at as an investment> GW

I am more heavily invested in lead, brass, and primers. Should I sell now, or hold out in hopes of the market going higher?

This.

Need to watch, you will get some closer to spot than other places I've seen.