I would say stick to well recognized generics such as silvertown buffalo rounds. This way, you get some (small) benefit of the recognizability that people like about American Silver Eagles without the high premium of ASEs right now (around 4.00/oz). 10oz bars seem good too. I would stay away from 100oz bars so you can sell in small amounts when needed. JM bullion has some decent prices around 1.80 above spot price and they are a solid company in my experience.
Apnea isn’t the cheapest. I think JM bullion might be cheaper. Also, I don’t know what has the lowest premium right now... but generally 90% Washington quarters and Roosevelt dimes are pretty low
All the above. Buy some dollars like the silverton buffalos, some 10oz bars. I have purchased some Canadian Silver dollars and US as well. I have a couple 100oz bars but they're not super usable if shit goes down. I personally like the old silver coins. It still amazes me that when I leave Canada and fly home to the US to see family that on almost every trip I will find an old silver nickel or dime still in circulation. Old pennies are easy to spot as well. Collect them all. I just gave my grandson a 1884 US silver dollar that my Grandfather gave to me. He's 6 so he doesn't "get it" yet. But I hope he remembers me like I remember my Pap.
Don't buy collectors of commemorative, unless you are an expert at it. Buy generic gold coins, like the maple-leaf, philharmonic, Krugerrand, or the American Eagle.
Buy the 1oz, the smaller ones have too much of a markup. If you want to deal in units lower 1oz of gold, buy silver. You can buy bars, but the "junk silver" and JP-Morgans, have a lot more liquidity.
Depends on why you're buying. Bullion is the closest you can get to buying gold for gold at the price of gold.
Currency and commemorative coins cost more, usually based on how rare and desirable they are, and the condition they're in. Uncirculated proofs are very expensive, but very pretty.
If you might sell to someone other than a metallurgist one day, the easiest ones to sell are the most well known because their purity is almost guaranteed to the buyer- US coins, British coins, German coins.
They vary in purity, but it's standardized and guaranteed by the backing government, so you know what you're getting. You also pay slightly more for it than for a hunk of gold.
Pistol, 12.5” 5.56. Cryptic coatings bcg, larue mbt2s trigger, ballistic advantage Hanson barrel, all other parts are Wilson combat. Upper lower and hand guard are factory finish burnt bronze. I have a picture of it
This is the best I found. Basically you flip back and forth between Silver and gold no matter what their costs, it only depends on how many ounces of silver takes the wind out of gold. For example if it takes 20 silver to buy one gold, and later it takes 40 silver to buy one gold,If you had traded for the gold at 20 and traded back in the silver 40 you just double the amount of silver you have on hand.
Obviously it’s never that clean and the numbers fluctuate between 30 and 120 over years.
Precious metals dealer here. Too bad I had a few wines with friends tonight but I'll try to help you out.
It all depends on how your life is and how you want your outcome to be. Right now, I have people selling their PMs because they need $$ because they are out of work and need to pay bills.
I have customers who want to buy PMs in case the dollar tanks.
Bullion is usually .9999 pure metal, is round or rectangle, although new companies are making all kinds of new shapes to "stack" (a way to stack lots of the same shape on top of each other).
Lots of people want actual dollar and cents PMs. Mint conditions direct from the US Mint are uncirculated, sometimes Proof (mix of ultra shine polish with some frosty accents). .9999 pure. Always worth more than spot price.
Junk silver coins. People buy these because they were once used as common money, and still are money today, but are worth more as a Precious Metal than the dollar value. They are usually worn away but are still 90% silver (some coins are 80, 40 and 35% silver US coins). This is bought for barter in hard times. Also, if the PMs tank to nothing (possible but not probable) you still have the value of the coin in dollars and cents. They are also cheaper compared to the uncirculated collectible bullion. This is usually about silver. Junk gold can be the same. BUT, always look to see if any PM circulated coins are rare and have collectible value due to rarity and condition. I purchased uncirculated Carson City silver Morgan dollars with certificates of authenticity. Quite rare and worth hundreds of dollars each coin.
Something lots of people don't think about. Gold and silver jewelry and sterling silverware. I spoke to a woman from Argentina and asked her how did she survive the fall of their currency. She said that the government wanted to seize gold and silver coins and bullion, but left alone the jewelry and flatware. The locals used those things to barter for food and other necessities. With the WallStreetBets thing going on, and they are now wanting to squeeze silver (because silver is way under valued to hide the fact our dollar is really devalued and should be $200 an oz) seizure could be very possible with silver this time and not just gold like in 1933 when it was illegal to own gold coins and bullion.
I hope this helps you make decisions on what you want.
Oh, one last thing. In many areas around the country, there are coin counting machines that pay out dollars for coins.. No one looks at those coins, they just get tossed into coin denomination rolls. There are still those little brats who steal (or don't understand grandpa's gift of silver coins) that put them into those machines, check all your change. I recently got some mercury dimes and walking liberty quarters from fast food window clerks who got them and realized they had something they didn't understand and could not wait to dump them on "unsuspecting" customers.
Don't let that stop you from investing. No one knows if or when this could happen. You can still profit and defend your portfolio. It is better to have physical than ETFs. You should be able to know if guv is going to want to seize anything and then take action then. Invest and make strategic purchases. Buy a metal detector.
Gold bullion is worth market value
Gold coins are also worth market value, but depending on the right buyer, may hold more value based on the rarity of the coin. I suggest only investing in bullion, because if the time ever came to “use” it, nobody will give a shit about the coins extra value.
I would say stick to well recognized generics such as silvertown buffalo rounds. This way, you get some (small) benefit of the recognizability that people like about American Silver Eagles without the high premium of ASEs right now (around 4.00/oz). 10oz bars seem good too. I would stay away from 100oz bars so you can sell in small amounts when needed. JM bullion has some decent prices around 1.80 above spot price and they are a solid company in my experience.
If you want silver, just get 90% silver US Quarters.
https://www.apmex.com/search?&q=90%25%20silver%20quarters
The cost over melt Value is about as low as you can get.... and it’s still a recognizable coin.
I assume you want the metal value, not some collectible
That was the thought.
Apnea isn’t the cheapest. I think JM bullion might be cheaper. Also, I don’t know what has the lowest premium right now... but generally 90% Washington quarters and Roosevelt dimes are pretty low
All the above. Buy some dollars like the silverton buffalos, some 10oz bars. I have purchased some Canadian Silver dollars and US as well. I have a couple 100oz bars but they're not super usable if shit goes down. I personally like the old silver coins. It still amazes me that when I leave Canada and fly home to the US to see family that on almost every trip I will find an old silver nickel or dime still in circulation. Old pennies are easy to spot as well. Collect them all. I just gave my grandson a 1884 US silver dollar that my Grandfather gave to me. He's 6 so he doesn't "get it" yet. But I hope he remembers me like I remember my Pap.
I always check my change.... haven’t found any silver in circulation for a few years now.
Almost never a dime or quarter in last decade.... mostly the occasional war nickel
Don't buy collectors of commemorative, unless you are an expert at it. Buy generic gold coins, like the maple-leaf, philharmonic, Krugerrand, or the American Eagle.
Buy the 1oz, the smaller ones have too much of a markup. If you want to deal in units lower 1oz of gold, buy silver. You can buy bars, but the "junk silver" and JP-Morgans, have a lot more liquidity.
Depends on why you're buying. Bullion is the closest you can get to buying gold for gold at the price of gold.
Currency and commemorative coins cost more, usually based on how rare and desirable they are, and the condition they're in. Uncirculated proofs are very expensive, but very pretty.
If you might sell to someone other than a metallurgist one day, the easiest ones to sell are the most well known because their purity is almost guaranteed to the buyer- US coins, British coins, German coins.
They vary in purity, but it's standardized and guaranteed by the backing government, so you know what you're getting. You also pay slightly more for it than for a hunk of gold.
I wanted to fill my gun safe with shiny metal. One day I need it, or one day my kid gets it.
Eh, fill your gun safe with blued metal. :)
Put the shiny stuff in the other safe.
There is tons of blues steel. Enough I should be selling at this point.
Hmm, I have a shiny piece of metal . . . LOL :)
Well, I have a really really nice Wilson combat AR, 2016 colt lightweight commander, I’ll be taking cash deals and shiny trades most likely
Rifle or pistol on the AR?
Thinking a pistol in .300 BLK and/or .223 is my next gun. :)
Pistol, 12.5” 5.56. Cryptic coatings bcg, larue mbt2s trigger, ballistic advantage Hanson barrel, all other parts are Wilson combat. Upper lower and hand guard are factory finish burnt bronze. I have a picture of it
https://i.maga.host/X9l2GJ9.png
However, unless you are in The same state as me, a person to person sale is a major pain in the ass.
Im a firm believer that unless you have the Gold in hand, you don't have gold.
But honestly, a mixture of physical gold and some risker things like crypto isn't a bad idea at all.
Buy low, buy cheap, check your tax laws.
Follow the gold / silver ratio. Slow, but easy way to grow your stack without much new cash.
Explain this to me like I'm a YOLO casino stock trader
This is the best I found. Basically you flip back and forth between Silver and gold no matter what their costs, it only depends on how many ounces of silver takes the wind out of gold. For example if it takes 20 silver to buy one gold, and later it takes 40 silver to buy one gold,If you had traded for the gold at 20 and traded back in the silver 40 you just double the amount of silver you have on hand.
Obviously it’s never that clean and the numbers fluctuate between 30 and 120 over years.
Precious metals dealer here. Too bad I had a few wines with friends tonight but I'll try to help you out.
It all depends on how your life is and how you want your outcome to be. Right now, I have people selling their PMs because they need $$ because they are out of work and need to pay bills.
I have customers who want to buy PMs in case the dollar tanks.
Bullion is usually .9999 pure metal, is round or rectangle, although new companies are making all kinds of new shapes to "stack" (a way to stack lots of the same shape on top of each other).
Lots of people want actual dollar and cents PMs. Mint conditions direct from the US Mint are uncirculated, sometimes Proof (mix of ultra shine polish with some frosty accents). .9999 pure. Always worth more than spot price.
Junk silver coins. People buy these because they were once used as common money, and still are money today, but are worth more as a Precious Metal than the dollar value. They are usually worn away but are still 90% silver (some coins are 80, 40 and 35% silver US coins). This is bought for barter in hard times. Also, if the PMs tank to nothing (possible but not probable) you still have the value of the coin in dollars and cents. They are also cheaper compared to the uncirculated collectible bullion. This is usually about silver. Junk gold can be the same. BUT, always look to see if any PM circulated coins are rare and have collectible value due to rarity and condition. I purchased uncirculated Carson City silver Morgan dollars with certificates of authenticity. Quite rare and worth hundreds of dollars each coin.
Something lots of people don't think about. Gold and silver jewelry and sterling silverware. I spoke to a woman from Argentina and asked her how did she survive the fall of their currency. She said that the government wanted to seize gold and silver coins and bullion, but left alone the jewelry and flatware. The locals used those things to barter for food and other necessities. With the WallStreetBets thing going on, and they are now wanting to squeeze silver (because silver is way under valued to hide the fact our dollar is really devalued and should be $200 an oz) seizure could be very possible with silver this time and not just gold like in 1933 when it was illegal to own gold coins and bullion.
I hope this helps you make decisions on what you want.
Oh, one last thing. In many areas around the country, there are coin counting machines that pay out dollars for coins.. No one looks at those coins, they just get tossed into coin denomination rolls. There are still those little brats who steal (or don't understand grandpa's gift of silver coins) that put them into those machines, check all your change. I recently got some mercury dimes and walking liberty quarters from fast food window clerks who got them and realized they had something they didn't understand and could not wait to dump them on "unsuspecting" customers.
Hank you for sharing!! Good info. I had no idea that the govt could seize metals.
Don't let that stop you from investing. No one knows if or when this could happen. You can still profit and defend your portfolio. It is better to have physical than ETFs. You should be able to know if guv is going to want to seize anything and then take action then. Invest and make strategic purchases. Buy a metal detector.
I wasn’t going to let it stop me. I was going to buy, then have it around. Probably in the same holes that there are guns buried.
Gold bullion is worth market value Gold coins are also worth market value, but depending on the right buyer, may hold more value based on the rarity of the coin. I suggest only investing in bullion, because if the time ever came to “use” it, nobody will give a shit about the coins extra value.
That’s what I suspected I would hear eventually. Remove the speculation and buy gold/silver slightly over market and wait.
Buy bitcoin, you will be glad you did
Buttcoin scary. It’s not backed by anything, right?
neither is the us dollar. You just proved my point
US dollar is garbage.
True, it keeps going down in value. Bitcoin went from nothing to over $34,000 each as of today. In a year, maybe 100k
Maybe so. I have a little. But I won’t put a lot into a non tangible. At least with dollar I can hold it in my hand.
haha, I have a 5 billion dollar zimbabwe note, i can hold it in my hand too
https://www.apmex.com/product/4018/90-silver-roosevelt-dimes-50-coin-roll-avg-circ
This is like 75 cents over melt value.... that’s cheap