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*Official* Silver/Gold thread

Projectjunkie said:
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 moon needed bodies on the floor to launder their money. Once the money laundering stopped, so did the 2 dollar dinner
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I have no idea what is going on with this response
 
Poke said:
I have no idea what is going on with this response
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Fraud, lots of fraud. And fraud thru money printing

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I buy from jmbullion.com or local coin shop

Expect to pay $5 or so over spot for generic silver, a little more for 90% coins. Don't get too froggy, know your research, don't buy 40% coins at 90% prices, etc


Coinflation.com has the breakdown of all us coins
 
Grabbed 6 more kilos and 5 rounds today , seller said he sold over 2600 oz since last Thursday and i almost got the last of it
 
there's a bunch of FB groups out there. I sold a bunch of silver dimes when silver was up around $27 2? years ago. held on to a bunch too, but that helped justify some renovations we were doing
 
budget76 said:
there's a bunch of FB groups out there. I sold a bunch of silver dimes when silver was up around $27 2? years ago. held on to a bunch too, but that helped justify some renovations we were doing
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There a decent group on reddit. Tends to ignore the quick bumps and keep pricing sane.
 
Walmart. Its still Apmex, but cheaper, and no upcharge for paying with a card.
 
indeed it is cheaper than the bank-wire price, and you can get 'cash back' depending on what credit card you use
but they charge sales tax where going direct is more cognizant of the fact that bars of metal are tax exempt in MN
 
[486] said:
indeed it is cheaper than the bank-wire price, and you can get 'cash back' depending on what credit card you use
but they charge sales tax where going direct is more cognizant of the fact that bars of metal are tax exempt in MN
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Maybe state dependent, they haven't taxed me on bars of metal.
 
what's the word on platinum? it seems a lot flatter, and isn't "up" in the pandemic era like gold and silver
it was "up" during the '10 era though
 
[486] said:
what's the word on platinum? it seems a lot flatter, and isn't "up" in the pandemic era like gold and silver
it was "up" during the '10 era though
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Swings kind of wild like, also mostly used for catalytic converters, but can be traded out with palladium, so one rising too fast gets kneecapped by the other, I think you have to be lucky, or a time invested day trader to be "good". I personally just sit on all my cats the last 2 years to see what happens, figuring it'll eventually just be an inflation play
 
I'm probably thinking of palladium and rhodium. Either way, I'm just gonna sit on my cats and buy silver on dips
 
Are bars always a better value over coins?

I read one upside of coins is it simplifies selling to dealers.
 
the conservative atheist said:
Are bars always a better value over coins?

I read one upside of coins is it simplifies selling to dealers.
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Loaded question, depends on your purposes

Usually the more weight in a given bar, the lower the premium per oz, so you get more for your money. But coins have the collectability advantage that may increase their value above what the base metal value is. People also go gaga for certain brands or stamping of bars or "limited edition" pours.

Rounds (1oz and 1/2oz) are handy since the value is easy to calculate (usually $15-25 per oz, so 4-5 is a $100). Govt coins do command a small premium

I don't care about the numismatics so I stick to generic rounds and bars, every now and then I will grab some generic govt coins (ASEs or Maple Leafs). Typically 1-10oz, I deal less with bigger bars. Small are easier to sell and negotiate with.
 
I'd stick to 1oz generic rounds and 10oz bars until you start get to 1000oz or so, then go for kilos and 100oz bars if it makes sense to you


But a deal is a deal, if you happen across one


The silver is insurance for financial collapse, imagine that Oz having the buying power of $100 or better when everyone else is getting desperate

You show some pre 64 dimes buying milk, an Oz filing your gas tank, 10oz buying a rifle, and when you hear the smith's may be leaving the country, you seek a private meeting to discuss the farm
 
bars are non-tax in MN, where coins are taxed, and not at face value but sales price

melt value is all I care about, so whatever is cheapest to buy, I do avoid the secondary market stuff though because of how it'd be possible to drill out the insides of a larger bar, dump a little lead in there to get the density correct and solder/polish the holes shut
 
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