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I'm too poor to buy gold. There I said it. Nonetheless I buy silver eagles partly because they're beautiful coins but also I can afford silver.

But is there a point to buying silver now? I was reading a subreddit the other day and kids were saying metals were "something boomers still waste money on".

I mean, seriously?

I'm too poor to buy gold. There I said it. Nonetheless I buy silver eagles partly because they're beautiful coins but also I can afford silver. But is there a point to buying silver now? I was reading a subreddit the other day and kids were saying metals were "something boomers still waste money on". I mean, seriously?

(post is archived)

[–] • 11 pts

Silver and the rest of the precious metals are- and always will be- money. Stack it to the ceiling. Btw, don't listen to those fools putting out videos about how it's going up or down in the next (insert time frame here.) It's a volatile market. Prices will always be subjective to spot price and the buyers will always cover the premiums.

Don't believe anything you read on Reddit, it's a foreign owned propaganda machine. (Not so sure about China owning it as a whole, it's probably isrealis.)

ASE 's are the coin (yes, it's a real one dollar coin not a round) that sets the standard as far as a country issuing bullion. They will always have the larger premium on them. Canadian Maples aren't far behind. Mexican Libertads, while I don't trust the numbers (or the purity,) buy them when they come out. They seem to climb in value due to such low mintage numbers. The US puts out millions versus their few hundred thousand a year.

Always sell privately, never to a big bullion house over the net. I've stayed away from selling in coin stores, too. Just in an effort to get the premiums back on what I sold.

Fellow stacker and coin collector.

[–] • 1 pt

Thanks for the info! Education is always priceless.

[–] • 1 pt

Unless something has changed, Reddit is owned by Conde Nast. https://en.wikipedia.org/wiki/Cond%C3%A9_Nast

It looks like the current president is a Jew though. Not sure if that was always the case. It also looks like (((they))) have made an effort to make it so he does not have a wiki page or "early life". I wonder why...

>In July 2010, Robert Sauerberg became Condé Nast's president. In May 2011, the company was the first major publisher to deliver subscriptions for the iPad, starting with The New Yorker; the company has since rolled out iPad subscriptions for nine of its titles. In the same month, Next Issue Media, a joint venture formed by five U.S. publishers including Condé Nast, announced subscriptions for Android devices, initially available for the Samsung Galaxy Tab.[24]

Archive: https://archive.today/jCRNV

[–] [deleted] • 8 pts

If you want to secure your money against inflation, gold and silver is the best way to go.

Buying silver and gold is a good investment because it is a vehicle you can put money into and your money will not depreciate nor will it be affect by inflation.

The cost in gold to buy 1 acre of land has remained virtually unchanged for hundreds of years. 1 bar of gold will buy you the same amount of land now as it would 200 years ago.

When you put $1000 into gold, if inflation rises by 5%, your gold will be worth $1050.

Banks will always buy fine gold and silver. So if you have them, you will alway be able to flip it for cash.

If you have spare cash that you want to secure, buy gold or silver.

[–] • 0 pt

What do you think about those "Gold" 401k's? I've seen a few and they look interesting but im not really sure about it and have not had time to do proper research.

[–] • 2 pts

I looked too, they do not allow you to hold the gold, so it is just a promise of gold. Stick with bullion.

[–] • 0 pt

Some of them will ship you the actual gold. Others are basically "investment funds" where they secure the gold (in theory). At least that is what I have found so far.

[–] [deleted] • 2 pts

Can't give advice about those. I haven't looked into them much myself.

My question is, who actually owns the rights tot he gold?

[–] • 2 pts

If you don't hold it, you don't own it. Remote ownership only gives you the inflation-countering benefit of gold. You give everything else up: privacy, control, verifiability, not being targeted (vaults full of gold are a nice target). Also don't store in a safe deposit box, those are the opposite of that.

[–] • 1 pt

Yeah, the safe deposit box thing is a lie.

There was a story a year or two ago where DHS/FBI or something took every safe deposit box at a bank then forced people to come and identify their box. I think they did open them too.

[–] • 1 pt

Unless you can touch the gold don't buy it

[–] • 7 pts

The biggest argument against it is that it is dead money. Dead money, the money isn't earning interest or paying dividends. It sits there and can move little. Plus it doesn't always go up. There are people who bought in ~2011 who are still underwater.

I still buy but it isn't a big part of my holdings. As in most investments, don't keep all your eggs in one basket.

I buy and hold silver, but I do it more as a hobby than an investment.

[–] • 1 pt

I have a small amount of silver, that's it. Just can't afford much of anything. Wish I could!

[–] • 0 pt

(((earning interest or paying dividends.)))

Everyone wants something for nothing. I can see why people don't like PMs, it's honest money. Playing in the jews casino can be rewarding, eh?

[–] • 0 pt

Earning interest is to just to offset inflation. Earning dividends is real earning: you've done useful work, earned money, and instead of getting the rewards of that by buying things or services, you sacrifice that for years and let someone else (a business) use that, and because they're more productive than you would have been with it, they create actual things of value, and you get some of that wealth. Think tools versus a big-screen TV.

[–] • 0 pt

Define usury. Reconcile with what you've said.

[–] • 7 pts

I'm too poor to buy gold.

OMG me too! Let's plan a coach robbery.

[–] • 1 pt

Okay! You find the coach and I'll meet you there.

[–] • 6 pts (edited )

I buy very little gold or silver mostly because I don't trust the sellers. jews are notorious for selling fake shit. They could easily gold plate tungsten and silver plate coins to make them look real. Having to assay every purchase isn't worth it. Also, when the fiat currency fails, how will people know how much gold you're giving them. Yea, small coins are cool, but it seems like a difficult question to answer now.

My thought is to buy guns, ammo, food, energy, booze and other tangible goods so when the fiat collapses as , you have real stuff to barter.

[–] • 6 pts (edited )

My thought is to buy guns, ammo, food, energy, booze and other tangible goods so when the fiat collapses as it just did in Cuba (aljazeera.com), you have real stuff to barter.

This is where your a fag. You can do all of the above, and have extra. Not mutually exclusive. If we're to the point of bartering for ammo, I'd have killed you already. There's no amount of preparation you can do to survive that scenario. You'll want God and a bit of luck at that point.

If that doesn't happen then silver will be a fine medium of exhange as it has done for thousands of years. However all those goods you suggest in excess will perish.

I buy very little gold or silver mostly because I don't trust the sellers.

This is just poisoning the well because there are many ways that are easy and quickly verifiable. What you're saying is straight ignorance. That's not an argument.

Also, when the fiat currency fails, how will people know how much gold you're giving them.

This is a problem that has been solved many times through thousands of years of use. Again, your ignorance isn't an argument.

Yea, small coins are cool, but it seems like a difficult question to answer now.

90% silver is easily recognizable, known weight and extremely difficult to counterfeit. Likely your best way to get into silver if you're genuinely interested.

[–] [deleted] • 5 pts

people who dont turn into barbarians might make use of scales

[–] • 4 pts

Silver & gold are just another aspect of prep. An oz. of silver is just that. I personally don't buy premiums, I buy G.O.O.D. ounces. Grid down, it's an oz. of silver, and I'm not sure if the cute picture matters. Save change? Every couple months, cash it in, buy either silver, or junk silver. Put it in your safe. Having prep is not an end in itself. In a worst case scenario, you can make better choices because you do have: food, gasoline, water, medical & protection. An excellent primer is: How to survive the end of the world as we know it, by Rawles.

[–] • 5 pts

to add on to your comment. I have family all across the country, and prefer to drive to see them. I always bring 5-10 ozt of silver, to barter for diesel if there's a major problem. I get over 600 miles to a tank so I don't need a ton of fuel to get home.

[–] • 1 pt

Minted silver coins have an advantage in a collapse. For people who do not have their own testing equipment they are more trustworthy. It’s easier to forge or fake a simple imprinted bar than an American Silver Eagle.

[–] • 1 pt

A point to consider. Thoughts on junk silver?

[–] • 4 pts (edited )

I invested early-on in testing tools (and knowledge). Weight, dimensions, and ping test are quite effective. I also got one of those Sigma Metalytics testers (which still requires the other tests to be conclusive). Another thing is an ultrasonic thickness gauge, which basically tests the same thing as the ping test (celerity, speed of sound in the medium). I've bought from private sellers and online ones, never once got anything that didn't pass.

[–] • 0 pt

I picked up a Sigma tester a few months back just for peace of mind.

[–] • 0 pt (edited )

BTW assuming you don't have the pro version, the classic version has a which displays a number of the raw reading from the probe (hold select while powering up). It's an interesting way of identifying various metals by their resistivity, not just precious metals.

[–] • 1 pt

Buy from reputable dealers. And if you have the extra cash and are a serious stacker, invest in a precious metals tester, a set of calipers and a decent scale.

[–] • 1 pt

Aljazeera radio is worth listening to. Might have their brand of propaganda but it's not completely jewed.

[–] • 4 pts

Save Ammo. The average person will be trading gold, silver and food for bullets to protect their gold, silver and family.

[–] • 0 pt

Another person that thinks buying PM's stops your ability to purchase any other prep.

[–] • 3 pts

There is more above ground gold than there is of silver and silver mining is mostly a by-product when mining for other metals.

Silvers physical properties makes it way more useful than gold.

Higher demand, more rare, unique properties and trading at 85:1 to gold. You do the math.

Be sure to buy bitcon cuz it's totally a better buy. Derp!

[–] • 3 pts

If you have the money, sure. But only after you have enough supplies when shtf. Nobody will trade a hunk of metal for food or ammo if they can’t eat it. I sure wouldn’t.

[–] • 3 pts (edited )

You can afford goldbacks. I have a slew of them. It's all about diversifying your assets in tangible real value things instead of fiat. Silver and gold is just two of those options.

Goldbacks are a great way to carry around spendable amounts of gold. Currently 1 goldback note is worth $4.97. just a month or so ago I purchased about $200 worth of goldbacks and the exchange rate was at $4.70. just goes to show how shitty the inflation actually is.

Think of them as gold anodized plastic notes. Durable, real gold, very pretty, and works for small transactions.

https://www.goldback.com/calculator

Edit: 21 hours later it is at $5.02

[–] • 1 pt

This is interesting. Ill look into it. Thanks!

[–] • 0 pt

I passed on those. You can't verify the gold content in any reasonable way (without destroying it). It's basically a fancy design as anti-counterfeiting.

[–] • 2 pts

Gold and silver are on their historical lows. Never on history had it been so low. Its the best time ever to buy.

[–] • 0 pt

Do you mean ?

[–] • 0 pt

Now adjust for inflation.

[–] • 0 pt

I think the blue is adjusted for inflation, hence it being so high in 1980 during the Hunt Brothers incident.

[–] • 2 pts (edited )

Theoretically it's the same kinda risk as crypto. A person could discover a massive goldmine in the future and devalue your holdings. Realistically it's just as regulated to death and as controlled as the diamond industry if not more. Govts award gold mining contracts in exchange for some form of graft. As Hillary Clinton's brother did in haiti. You'll generally make money over time with gold and silver. It's a good place to hold your earnings in btw investments while you learn and earn. Rarely is the gold market volatile or profitable w/o a few years of holdings. What I've found helpful is thinking in percentages as opposed to total amount of cash on hand.

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