The case to be made for gold vs silver

Discussion in 'Bullion Investing' started by Jason.A, Jul 16, 2017.

  1. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    I agree and with @Johndoe2000$ as well as far as the frequency plan. At this point, for me, I feel that if you can meet or beat the 10% premium it's a lateral move between each. I also agree with the earlier statement that although it seems that silver, for the most part, carries a slightly higher premium you'll capture that back on the sale.
     
    Johndoe2000$ likes this.
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  3. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    Just out of curiosity, will you be buying gold in dips or are you going to just purchase as your benchmark/budget is satisfied to make a buy?
     
  4. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Myself, if something irresistible shows up I'm a buyer. Otherwise I'm in holding mode for PMs at this time.
     
    moneycostingmemoney likes this.
  5. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    I've been eyeing gold for a couple days and found a listing that has 1ozt sealed w assay for only a 6% premium. It has the finger itchy but I'm hesitant to squeeze. I just have to trust the gut and not mind which way the tide turns.
     
    Johndoe2000$ likes this.
  6. Johndoe2000$

    Johndoe2000$ Well-Known Member

    LOL. Irresistible force, meets immovable object. :)
    You can find gold bars for just a few dollars over spot. It's always a risk though. At least with gold bullion coins, you get prettier, more collectable pieces for a little more premium. Good luck with your decision.
     
    Jason.A and moneycostingmemoney like this.
  7. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    Haha it's really like that.

    The random year krugers are a temptation as well. I'll probably hold out till a couple months down the road when I have a little more liquid to freeze.
     
    Johndoe2000$ and Alaska stacker like this.
  8. losthomer

    losthomer Active Member

    Nothing from Goldcollector? I thought this is the thread he (or she) has been waiting for his (or her) whole life.
     
    Last edited: Aug 1, 2017
    Johndoe2000$ likes this.
  9. Jason.A

    Jason.A Active Member

    Oh, don't do that! Buy a government issued bullion coin instead, preferably something is 9999 gold so that you won't run the risk of copper spotting or other ugly problems. A gold bullion bar will be harder to sell because of the higher risk of counterfeiting. Plus, they're kind of boring.

    Gold Maples (random year 1 oz) can be had for 3.5% over spot
    Current Year gold Maples can be had for 3.9% over!
    Gold Buffaloes (random year or current year) can he had for a little more than 5% over spot.

    etc.

    Lots of good options out there for a lower premium and better security.
     
  10. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    I did hear that they were counterfeiting bars and actually had a hard time trading a 5g sealed Pamp at a coin shop for some coins. The guy kept acting like he was doing me a favor when I was actually getting shafted (only my second coin shop visit as an adult). He said the CN were counterfeiting them in Pamp cards with serials and they were getting past people that really knew assays. After I realized the ride I was taken on I mentioned it to a fellow collector that I trust and he said the same thing. Crazy. How is it that they are putting that much effort into the bars but not govt issued pieces?
    Thank you for tipping me to the lower premium and what to look for by the way. Much appreciated.
     
    Johndoe2000$ likes this.
  11. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Try ... "DAILY DEALS SILVER BULLION" or ("GOLD") on EBAY. Many of the big bullion dealers have specials with free shipping. You'll get some good deals, or at least good place to compare prices anyway.
     
    Last edited: Aug 2, 2017
    moneycostingmemoney likes this.
  12. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    I'll give that a shot thanks John. When buying gold online I stick to the big dealers. I do like calling my few pawn shops to see if they have any maples or eagles and on the rare occasion that they do they are more than happy to give it to me at 2.5% premium (cash, of course). But those "yes we do"s are few and far between.
     
  13. kkathyl0

    kkathyl0 Active Member

    Market needs to shift bank to Bank and very soon. Cannot support this size market on FB, Twitter & Apple (burn my own market) stocks.
     
    moneycostingmemoney likes this.
  14. sakata

    sakata Devil's Advocate

    By one of those strange coincidences, this article came out today. Of the 12 "antibiotic seeds" we have deliberately grown six of them (garlic, ginger, turmeric, elderberry, echinacea, cumin) and have one other growing wild on our property (goldenseal). We regularly use four of the others (not indigo). I have not taken an antibiotic drug in many, many years.

    http://www.naturalnews.com/2017-08-...otics-you-can-get-without-a-prescription.html
     
  15. Jason.A

    Jason.A Active Member


    Peddling unscientific garbage on a bullion forum, are you?

    This is the same website which once encouraged readers to treat ebola with homeopathy. It tells readers to not vaccinate by fabricating stories about their safety. It scares readers with false claims about GMOs.

    Look, eat your garlic, cook some delicious curry with your turmeric. But never, EVER, risk your health by eating these things when you need a doctor prescribed antibiotic.
     
  16. sakata

    sakata Devil's Advocate

    Jason.A, I know you don't like to bury your silver, but I did not realize you like to bury your head.

    All that you claim is spread by the mainstream media because they are controled by corporations which would lose money if your claims were false. I know from first hand experience that my claims are true.

    Let's just leave it at that because I am afraid that if we don't we will end up discussing politics, which I don't like to do and is forbidden here anyway. If you want to discuss it further we should do it in PM.
     
    moneycostingmemoney likes this.
  17. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Why only in the afternoon??? (give it a second) :)

    Come on guys, the seed thing was a joke, which usually gets "ME" in trouble.
    Back to... bullion-vs-bullion, OK ???
     
    Last edited: Aug 7, 2017
    moneycostingmemoney likes this.
  18. moneycostingmemoney

    moneycostingmemoney Yukon Coriolis

    Quite the millennial you are. Your public service announcement was not needed, we can get what you have to say by flicking through Facebook or by watching CNN or Access Hollywood. Some of us opt out of that stuff so please don't peddle their garbage here. What Sakata said was referring to something that was mentioned earlier in this thread. Some of us remembered it, enjoyed the add and also have the common sense to make our own judgment of what is and is not good for each of us as individuals. But I'm not going to tell you not to eat GMO, or antibiotic treated meats, get your flu shot, etc- there is an economy to support.
     
    LA_Geezer likes this.
  19. Jason.A

    Jason.A Active Member


    It's not a matter of "discussing politics" or "burying [my] head" in ignorance of facts "they" are hiding from us. It's a matter of having actually witnessed how DNA works, separating it through gel elctrophoresis myself. Understanding that a small tweak in an organism's genetic code can lead to the production of vitamin A and help malnourished people stave off childhood blindness! It's about ACTUALLY observing the destruction of bacteria with the application of antibiotics. It's about having very close friends in my graduate school cohort, who attained a PhD level in biology, chemistry, and engineering, actually being published in these "so-called" journals that peer review to determine if this stuff actually works. It does.

    You burying your silver in your back yard won't kill anyone. But you advocating people eating garlic instead of seeking the advice of a doctor who will prescribe antibiotics, might.
     
  20. Santinidollar

    Santinidollar Supporter! Supporter

    Chipotle was supposed to have healthy, wholesome food with ingredients raised by organic farmers.

    How many food contamination cases have they had?

    Enough that makes me thankful I never bought their stock -- or ate there.
     
    Jason.A likes this.
  21. desertgem

    desertgem Senior Errer Collecktor

    Ok, end of discussion. Sakata and moneycosting, check the economical cost to the US population from supplements ( over $100 billion/year. 2/3 of population takes some kind.) . Jason, if you don't know , look up the origin of Aspirin, Warfarin, Heparin, and many other drugs. Choose your poison.

    Now back to Bullion Please! Jim
     
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