"Investing" in Gold and Silver coins"

Silver is never going to get anybody
rich, my kids and grand kids would
think I was cheap if I left so much
silver that they couldn’t even by a
value meal at McDonalds..LOL
just way to heavy and hard to find
storage

 

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You can always find really nice silver and gold coins at very little premium. When premiums are low or non-existent then stash eagles or pick out better dates of US and world coins. Something is always going for firesale prices because markets weren't sane even before they were micromanaged. When premiums go up then sell and buy stuff with no premium or even a discount.

For instance right now I'm cleaning out years accumulations of barber coins. I bought most of these at a discount to silver because they are worn and during times of high premiums buyers don't want thin coins. I sold most at a 30% premium to silver and bought back 40% silver at a 20% discount. Next year I expect to start moving out world silver with a 150% premium. I'll replace it with what ever is cheap yet desirable next year. I'm also selling 40% chBU and PR Ikes and Kennedys at a 100% premium some of which I bought at a 30% discount. 100% premium isn't enough for the varieties and Gems so I'm selling them separate.

People do the same things at the same time and you have to learn to swim against the current and do the opposite. When silver and gold prices drop, buy more, increase what you have and when they are high sell or slow your purchases.

I believe now is a good time to hold however I'm a perennial bull and I'm sure prices could go negative. It's also a good time to switch gold into silver a little but don't get carried away since gold could rebound as silver continues to fall. If this happens you want to have some gold to trade into silver.

 

I have made a lot of money over the years in silver. The percentage is much better but than, the price is lower.

 

Because it’s not accurate to claim everyone of them had that nor is it even remotely relevant to the initial question. It’s also well known that bullion sites overhype and exaggerate things largely because the writers generally have some vested interest in either increasing the price or direct selling profits.

I never once said pilots never carried gold, but I’ll ask again which I’ve done multiple times already with no answer in what world does a pilot carrying some gold in their survival kit have anything to do with whether or not someone should buy gold or whether or not they should invest in gold from an ad?

Id love to see an answer to that question. PMs are historically a bad investment that have a few spikes here and there, they’re especially bad because when they do spike you should be selling but most people don’t.

 

With the drop in silver, this may be a good time to buy if you can get just a few percent over spot

 

All fiat currencies go to zero, they always have and they always will. There is absolutely nothing wrong with having a fine stack of precioius metals on standby. I say stack away.

 

Only if a country completely collapses in which case your PMs will be absolutely worthless if its a society collaspes situation, or confiscated if its a country invading a nuclear power that drives the world economy. Most likely youll just be dead as will the majority of the population either way

 

But they can outlast you AND your kids.

 

The Global phenomenon of inflation isn't the cost of things going up, it's the purchasing power of the worthless currencies going down. Governments and nations default on currencies all the time without the world population being laid to waste lol We are all watching the Petro dollar being destroyed right before our eyes. In fact the BRICS nations, Saudi Arabia, and others have already abandoned the peteo dollar. So yeah I'll take my chances on precious metals a d other tangibles.

 

It all depends where in the cycle you and the kids are in

 

Well this just simply isnt true but sure

 

It's all true every bit of it.
Normalcy bias is a terrible thing

 

worthless currency ... what's bitcoin then ??

 

It's not at all but seems like nothing would convince you otherwise anyways

 

Worthless crypto currency

 

Show me what is not correct. Do some research on the BRiCS nations and get back to me. I will be here.

 

The Federal Governments allowed the private sector to create and fine tune the crypto world markets( at their expense). As soon as the Fed goes digital with the Digital Fed Coin they will phase out all other competing cryptos and they will be worthless and or useless.

 

LOL wow

 

When inflation begins to soar the new crypto dollar will replace real dollars. It will be stable for a few years because of the massive taxation it will represent. Then it too will begin an annual inflation said to be 2% but it will usually seem to be more.

Money will be completely controlled by banks and government.

Existing cryptos will be bought out by the government at a massive profit to banks.

 

I remember the movie "From Russia With Love" where James Bond was given a leather wallerette with gold sovereigns.