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I have no precious metals… am I stupid to not use a “secure” off site vault that the banks offer for “free”. Keeping it at home seems too risky but it wouldn’t be life changing money if it was stolen
 
[memphis] said:
I have no precious metals… am I stupid to not use a “secure” off site vault that the banks offer for “free”. Keeping it at home seems too risky but it wouldn’t be life changing money if it was stolen
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Im sure you could find somewhere safe at home. Part of the point for a lot of people is "if the banking system collapses" if that happens I wouldnt want it stored off site.

Also part of the allure for me at least is being able to hold it.
 
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2big bronco said:
Im sure you could find somewhere safe at home. Part of the point for a lot of people is "if the banking system collapses" if that happens I wouldnt want it stored off site.

Also part of the allure for me at least is being able to hold it.
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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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Bars and then mint your own trendy coins to sell on eBay.

Presidents face and number right after election, major news story of the day, Hollywood blockbuster

Check out the miusepad with tits thread, put anime characters on them :rasta:

Sell on ebay for markup as limited runs
 
YZRider said:
Walmart. Its still Apmex, but cheaper, and no upcharge for paying with a card.
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Well, sure has been a PITA lately. Some kinda "fraud prevention" shit going on. Havent had an order fulfilled in 3 or so weeks.
 
I found out a friend works at a metal exchange. She said they have never been busier than the past few weeks.
 
BDK said:
I found out a friend works at a metal exchange. She said they have never been busier than the past few weeks.
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I'd believe it, the processing time between placing an order and it actually getting out their door and on the way has gotten pretty long the last couple weeks.
 
I bought some 1 oz silver Buffalo rounds at her suggestion. Wired the money yesterday. They should show up next week.
 
Mr Stubs said:
Here is a good one for ya to watch Projectjunkie

I would love to hear your thoughts due to your experience in this market.

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I just saw this, I got a couple minutes in, I really try not to watch too many of these "analysts " analyzing the data in front of them. IMO People get too specialized and miss bigger trends. I remember a conversation with a guy worth $100mil in 2007 as his construction company ground to a halt "nobody saw this coming"
I was a lowly mechanic who flipped cars and knew that the spending spree was all easy credit, that's why I was jumping ship. Not saying I have the ability to build a 100mil company, but I saw it coming

On metals in general, I'm watching copper, steel, silver

IMO if an hour of a tradesman's wage buys an ounce of silver, buy it
I think it's going to '2 steps forward 1 step back" until it hits 50, where it stopped in 2011 and 1980, there will be a sell-off, maybe to 40? Then it will start to normalize to near its historic 15-1 gold to silver ratio, which is a huge jump, then it will just climb away like $35 gold in 1971 as more money is printed. I don't know what it will be measured against whatever imaginary fiat currency, but I absolutely expect an ounce of silver to be 10hrs tradesman's wage at the end of the shakeup

BDK said:
I found out a friend works at a metal exchange. She said they have never been busier than the past few weeks.
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Buying, or selling?
BDK said:
I bought some 1 oz silver Buffalo rounds at her suggestion. Wired the money yesterday. They should show up next week.
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Did you get them? 1st time buyer? Thoughts?
 
To add to that, currently I'm sticking with repairing mining equipment in a copper centric area, my money is getting spent on a skid steer last weekend, I'll spend a chunk getting my daughter rolling at the UofA in the fall, I'm contacting a home builder today to talk about building a decent house on the front of my property, zoned for 2, currently have a mobile in the back with my shop. Living debt free, but I'm thinking I'd rather have 2 houses and 750mo payment, even at 7%
I'm heavy on trucks trailers equipment and vintage car stuff, going to trim that down, have less stuff but nicer stuff.

None of this is really cash hoarding, I think if I keep my income tied to copper, I'm gtg while able bodied. If that wasn't my area, or if i was debt heavy, I'd be a little more concerned
 
Projectjunkie said:
Buying, or selling?

Did you get them? 1st time buyer? ThoThoughts
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Buying for me, buying and selling for them. She said people are buying silver in bulk like never before.

I am very pleased with the purchase. I was planning on buying krugerrands, but she talked me into Buffalo rounds. Krugerrands cost more than the silver value, and I'm investing for the silver value. Saved me $650.00.

I've got some 10 oz silver bars arriving today. They are more bang for the buck, less of a premium, but still small enough to easily sell/trade.

This is where I buy from

www.moneymetals.com

Money Metals Exchange: Trusted Silver & Gold dealer

As America's fastest growing dealer, Money Metals Exchange helps customers switch their paper dollars into the safety of gold & silver bullion coins & bars.
www.moneymetals.com www.moneymetals.com

I always call, get a better deal. I've wired payments the last two times and received the product within four days. You can send a check, or do a account draw, but they both take 5-7 days to clear.

Edit: I bank with smaller banks and credit unions. I do all my wires through a credit union, because it's local and free. The form has a space for the reason for the transfer. I always have them write "None of your business" in that space. The manager sends the wires, and puts that in without me even asking anymore.
 
Precious metals purchases and sales are not reported to the IRS, and are not taxable over $1,500.00, according to the person I know in the business.

Little eye candy. Freshly minted Buffalo rounds.
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Nice, I only go for low premium bullion and junk silver, no numismatic value for me. Sure, I appreciate looking at a 100 year old coin in nice shape, and carry a silver dollar in my 5th pocket, but otherwise I'm after value
 
Projectjunkie said:
Nice, I only go for low premium bullion and junk silver, no numismatic value for me. Sure, I appreciate looking at a 100 year old coin in nice shape, and carry a silver dollar in my 5th pocket, but otherwise I'm after value
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If a coin has numismatic value beyond the metal content, couldn't that be beneficial if spot prices fall?
 
the conservative atheist said:
If a coin has numismatic value beyond the metal content, couldn't that be beneficial if spot prices fall?
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Maybe, but that makes you a coin collector, same sector as collecting art, stamps, watches, fine wine etc, which pretty much runs with stocks/ real estate/ high employment/ low interest rates

I'd rather invest in my skill set, equipment and real estate and get returns, versus picking up a new hobby
 
Projectjunkie said:
Maybe, but that makes you a coin collector, same sector as collecting art, stamps, watches, fine wine etc, which pretty much runs with stocks/ real estate/ high employment/ low interest rates

I'd rather invest in my skill set, equipment and real estate and get returns, versus picking up a new hobby
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I was surprised to see some pre '33 double eagles priced not much higher than a 1oz bullion coin. Might try to snag one at some point. Already dropped about $5K though.
 

Ex-Head Of JPMorgan's Precious Metals Desk Sentenced To Prison For Manipulation | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

This is some of the fraudulent shit going on in precious metals.

This is the kind of thing that keeps prices down, in usd, or if looked at backwards, makes the usd look strong. Notice the slap on the wrist the feds had to reluctantly give their banker buddies? That's the concurrent scams, metal is suppressed, paper is elevated.



When the fraud blows up, it's gone, like early broncos and cheap houses on the coast
 
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