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<p>[QUOTE="Clawcoins, post: 3122234, member: 77814"]There's a lot of questions there.</p><p><br /></p><p>You'll have a variety of answers based upon the methodology each person has. </p><p><br /></p><p>For instance (a) you have ppl buying PMs because the world's economies will wilt and only PMs will be accepted; (b) ppl who believe PMs will skyrocket to $25k/oz for gold etc; (c) ppl who think PMs are pretty to look at and like collecting it for that reason; and everything in between.</p><p><br /></p><p>then you have ppl who buy (a) junk silver (non coin); (b) junk coin silver; (c) round/bar PMs close to spot; (d) slabbed PMs; (e) high premium./rare bars, rounds etc; (f) gov't issues PM coins; (g) gov't issued slabbed PM coins.</p><p><br /></p><p>Then you have your (a) Silver lovers; (b) Gold lovers; (c) ppl who play the premium between silver and gold to increase their overall holdings; (d) platinum ppl; (e) Palladium.</p><p><br /></p><p>Then you'll have ppl who buy gold at close to spot as possible - making irrelevant if it's South African Kuggerand, Canadian Maples, Austrian, Australian, UK, etc. Then some ppl (like me) who ONLY buy US Eagles.</p><p><br /></p><p>Is platinum a steal right now? If you can buy it close to spot. And assuming the price recovers.</p><p><br /></p><p>I follow Platinum actually. a few months ago the premium between US Platinum eagles BU and Proof OGP was only $10-20. Now it's $70 yikes !!</p><p>But why do I collect Proof Platinum eagles … for the eagle design on the reverse. That's it. Period.</p><p><br /></p><p>Gold, I like Pre-33s</p><p>Silver- ASEs</p><p><br /></p><p>But I don't buy slabbed coins. "my belief" is I like to stay as close to "spot" as possible. As in a down economy the premium you pay in a upward economy is going to be slaughtered in a down economy. If you sell to a LCS they'll offer only spot for BU, Proof or PF70 Proof. Quite a potential loss of original acquisition costs. Plus who knows where spot is going to be in a down or up economy.</p><p><br /></p><p>If you look at 2011, we're at a gigantic LOSS today if you bought at spot.</p><p><br /></p><p>Time is your friend (or enemy). Spot prices *should* rise over a certain amount of time .. let's say 20 years. On the other hand, I can get a savings account that gets 1.8% and probably BEAT that spot price in 20 years.</p><p><br /></p><p>"15-20%" YIKES. I've heard 3-5% and other numbers all over the place. Really it comes down to what you feel comfortable with. </p><p><br /></p><p>For instance, my stocks have skyrocketed in the past year. Like 300%. How do I keep up with PMs? stop buying food and buy PMs? I don't think so. </p><p><br /></p><p>I stopped buying PMs and the overall % of PMs to net worth has been dropping. I have NO PROBLEM with that as I'm comfortable with the <u>TOTAL QUANTITY</u> that I have and not the Percentage.</p><p><br /></p><p>Hope that helps. But with PMs ppl usually *find* the answer that they are comfortable with based upon their methodology of what answer they are looking for.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3122234, member: 77814"]There's a lot of questions there. You'll have a variety of answers based upon the methodology each person has. For instance (a) you have ppl buying PMs because the world's economies will wilt and only PMs will be accepted; (b) ppl who believe PMs will skyrocket to $25k/oz for gold etc; (c) ppl who think PMs are pretty to look at and like collecting it for that reason; and everything in between. then you have ppl who buy (a) junk silver (non coin); (b) junk coin silver; (c) round/bar PMs close to spot; (d) slabbed PMs; (e) high premium./rare bars, rounds etc; (f) gov't issues PM coins; (g) gov't issued slabbed PM coins. Then you have your (a) Silver lovers; (b) Gold lovers; (c) ppl who play the premium between silver and gold to increase their overall holdings; (d) platinum ppl; (e) Palladium. Then you'll have ppl who buy gold at close to spot as possible - making irrelevant if it's South African Kuggerand, Canadian Maples, Austrian, Australian, UK, etc. Then some ppl (like me) who ONLY buy US Eagles. Is platinum a steal right now? If you can buy it close to spot. And assuming the price recovers. I follow Platinum actually. a few months ago the premium between US Platinum eagles BU and Proof OGP was only $10-20. Now it's $70 yikes !! But why do I collect Proof Platinum eagles … for the eagle design on the reverse. That's it. Period. Gold, I like Pre-33s Silver- ASEs But I don't buy slabbed coins. "my belief" is I like to stay as close to "spot" as possible. As in a down economy the premium you pay in a upward economy is going to be slaughtered in a down economy. If you sell to a LCS they'll offer only spot for BU, Proof or PF70 Proof. Quite a potential loss of original acquisition costs. Plus who knows where spot is going to be in a down or up economy. If you look at 2011, we're at a gigantic LOSS today if you bought at spot. Time is your friend (or enemy). Spot prices *should* rise over a certain amount of time .. let's say 20 years. On the other hand, I can get a savings account that gets 1.8% and probably BEAT that spot price in 20 years. "15-20%" YIKES. I've heard 3-5% and other numbers all over the place. Really it comes down to what you feel comfortable with. For instance, my stocks have skyrocketed in the past year. Like 300%. How do I keep up with PMs? stop buying food and buy PMs? I don't think so. I stopped buying PMs and the overall % of PMs to net worth has been dropping. I have NO PROBLEM with that as I'm comfortable with the [U]TOTAL QUANTITY[/U] that I have and not the Percentage. Hope that helps. But with PMs ppl usually *find* the answer that they are comfortable with based upon their methodology of what answer they are looking for.[/QUOTE]
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