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*Official* Silver/Gold thread

[486] said:
not really, you can buy 1000oz at a time and you'll still be paying 4 bucks over spot
least everywhere I looked
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I actually heard the spot price was based on a much higher amount. (Like 100 million dollars worth) But the idea is the same as what BB said. I admit I haven’t tried to buy that amount to see if I get spot.
 
PAE said:
Bitcoin ?

Well without the net and things yall have taken for granted thinking they will always be here and the network that bitcoin trades on you wont have but a memory of something you thought had value.

If you dont / cant hold it you dont own it.
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There are different SHTF scenarios. In some, there won’t be internet and Bitcoin will be worthless. In some, the US dollar will be worthless. In some, gold will be worthless. For that matter, in some, food and guns and land will be worthless. That Is why we have diversified assets.

When one thing becomes worthless, usually another shoots up in value.
 
WaterH said:
There are different SHTF scenarios. In some, there won’t be internet and Bitcoin will be worthless. In some, the US dollar will be worthless. In some, gold will be worthless. For that matter, in some, food and guns and land will be worthless. That Is why we have diversified assets.

When one thing becomes worthless, usually another shoots up in value.
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In what scenario would food, guns and land ever become worthless? :confused:
 
So question… I use Trading View for my crypto and stock stuff. What charts are you guys using and looking at in regards to Gold/Silver?



Edit:

Nevermind, just found it.

XAGUSD is spot Silver
XAUUSD is spot Gold
 
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Anyone stacking the " shiny" these days ? i had always stayed away from metals but my father and brother were " all in " for years , dad is gone now my brother and i ended up with my dads goodies . i keep hearing we are going off the dollar for oil transactions , that said the dollar will tank and i want to ride the wave so i have been on the hunt for more physical " shiny " am i stupid or is now not the time to buy ?
 
Fuck who knows. I bought a bunch of 10 ounce silver bars in case that is the likely event, then I have a pretty fair amount of 1 ounce coins that are a little easier to play around with, and now I have a couple grand worth of junk silver 90% coins in case the wheels fall all the way off everything.
So you were asking about a speculative investment and buying a bunch in American dollars thinking the American dollar will crash, at that point are you going to cash your investment out back into American dollars?
 
Safe Dude said:
Anyone stacking the " shiny" these days ? i had always stayed away from metals but my father and brother were " all in " for years , dad is gone now my brother and i ended up with my dads goodies . i keep hearing we are going off the dollar for oil transactions , that said the dollar will tank and i want to ride the wave so i have been on the hunt for more physical " shiny " am i stupid or is now not the time to buy ?
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Its a meh time to buy. Its been a lot lower but if we ever get a repeat of the 08 timeframe it could double or more where it is now. (talking silver here)

I haven't bought much recently. The last few drops when it got tempting the dealers all seemed to ramp up their price over spot where it negated the drop.

I'd be buying ammo right now. It's getting close to pre-pandemic levels
 
kf4zht said:
I The last few drops when it got tempting the dealers all seemed to ramp up their price over spot where it negated the drop.
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This has been frustrating, you see it go down to 21 and something and the sale price really didn’t change. The only reason I have been ending up with junk silver is because I have been doing some work for a rich guy that deals in junk silver and he will just pay me with that
 
I am confused as to why it’s not higher with all the spending. Does it follow the spending with a few year delay?
 
Poke said:
I am confused as to why it’s not higher with all the spending. Does it follow the spending with a few year delay?
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look at the graph of price over time, that negative spike at the beginning of the pandemic? Felt like it was directly linked to the whole mess of shit around oil going negative.
People needed to free up money fast, so they sold their holdings.
 
Blacksheep10 said:
This has been frustrating, you see it go down to 21 and something and the sale price really didn’t change.
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because the volume goes up any time it goes down
like any commodity, takes a while to drop the price because of resultant demand spikes, but hikes are instant
 
kf4zht said:
I'd be buying ammo right now. It's getting close to pre-pandemic levels
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Eh, like 23 cents on 9x19, so less than double what it was in '17-'18
It's looking like it is basically on the edge of material cost and factories folding, so we might see it drop a little more, but that's only if there are stocks to be liquidated after bankruptcy. A functioning business doesn't sell below cost.
 
Mr Stubs said:
This is very true, and something to think about if we end up with a drawn out recession.
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yup, don't get too invested in shiny rocks
have some, but keep enough cash around to keep you going for a couple years without any income
 
[486] said:
yup, don't get too invested in shiny rocks
have some, but keep enough cash around to keep you going for a couple years without any income
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Absolutely, diversification is key.

Cash, gold/silver, land, physical items, Bitcoin. No one knows what items gets affected the most or at what time in the cycle. Spread the mayo around for the least amount of affected volatility.
 
Blacksheep10 said:
I bought a bunch of 10 ounce silver bars in case that is the likely event, then I have a pretty fair amount of 1 ounce coins that are a little easier to play around with, and now I have a couple grand worth of junk silver 90% coins in case the wheels fall all the way off everything.
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I'm not sold on small sizes, very precise scales are commonly available, and there's a very high price to pay over the 100 oz bars where the price jump drops off quickly.
Hammer and chisel makes small bits if needed.

Also need the precise scale to verify density, if you're selling to someone. Zero the scale with a cup of water, suspend piece in water, note the change in weight and figure with the density of water how much volume your piece has, weigh piece and hey presto it's actually clean silver and not some lead alloy.
 
Mr Stubs said:
Absolutely, diversification is key.

Cash, gold/silver, land, physical items, Bitcoin. No one knows what items gets affected the most or at what time in the cycle. Spread the mayo around for the least amount of affected volatility.
Click to expand...

This!

[486] said:
I'm not sold on small sizes, very precise scales are commonly available, and there's a very high price to pay over the 100 oz bars where the price jump drops off quickly.
Hammer and chisel makes small bits if needed.

Also need the precise scale to verify density, if you're selling to someone. Zero the scale with a cup of water, suspend piece in water, note the change in weight and figure with the density of water how much volume your piece has, weigh piece and hey presto it's actually clean silver and not some lead alloy.
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Can’t agree. If the wheels really “fall off the bus” you want small amounts that other people trust. A chiseled piece won’t work. Your scale idea or Precise scales don’t work if the forger is using the same to create it. Much harder for them to forge a good copy of a coin and the weight. The smaller amount makes all the trouble not worth it.

That being said, I’m not big on silver, period. Gold is much harder to forge and easier to carry a large value. I also think it is harder to manipulate. If need be, you can trade for silver. I have an electronic scanner for metals. It’s much better than scales. Kind of expensive, but If you are buying a lot, I consider it mandatory.
 
I think itss always the time to buy silver if you are into it . Silver is better to hold then the extra cash you would use to buy it.

Also extra cash is always burning a hole in my pocket to buy something stupid.... but I dont want to caugh up any of my silver. Ammo is the same way
 
[486] said:
I'm not sold on small sizes, very precise scales are commonly available, and there's a very high price to pay over the 100 oz bars where the price jump drops off quickly.
Hammer and chisel makes small bits if needed.

Also need the precise scale to verify density, if you're selling to someone. Zero the scale with a cup of water, suspend piece in water, note the change in weight and figure with the density of water how much volume your piece has, weigh piece and hey presto it's actually clean silver and not some lead alloy.
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I'm talking only a couple grand worth of junk. Dime is worth, what, loaf of bread? Milk etc? That's a small amount to put in safe for a .005% likelihood event chance. Most of mine are in 10's, I have a shot at a 100 oz next payday, or I can get a gold ounce. Still pondering which way to go.
 
2big bronco said:
I think itss always the time to buy silver if you are into it . Silver is better to hold then the extra cash you would use to buy it.

Also extra cash is always burning a hole in my pocket to buy something stupid.... but I dont want to caugh up any of my silver. Ammo is the same way
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That's how I do it. If I have a good paycheck I'll spend a couple hundred bucks on silver at whatever it costs. If I put cash in my safe it comes right back out, silver goes in and stays there. I treat it the same as my savings account, add regularly and otherwise leave it alone.
 
Poke said:
I am confused as to why it’s not higher with all the spending. Does it follow the spending with a few year delay?
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Price suppression, paper silver is printed and flooding the market any time the price bumps up, while those printing paper silver quietly buy the physical. Cheap physical silver is "their" fraud, but the little guy can get in on it while he's running it. To me it's the same as the $2 buffet in Vegas when the mob needed bodies on the floor to launder their money. Once the money laundering stopped, so did the 2 dollar dinner
 
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PM's are better than any stocks, bonds, mutual funds.

That is if you take physical posession of them
 
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