precious metals

attn LTFG, i think it is you that is up to snuff on investments


anybody here invest in them ?


I am looking to take delivery of some gold and silver

Varathron - His Majesty at the Swamp is a precious metal album.

I've invested in gold and silver for over ten years.They have easily out-performed the stock market.

winston- tell me more


I have done a few days of research and am thinking at this point silver is the best buy. I like the looks of bars better but know they may be harder to sell. I am thinking about 100 oz of silver to start and 3-5 oz of gold. preferably a few 1 oz bars and some bullions or maples

Cu Bua wrote:

winston- tell me more


I have done a few days of research and am thinking at this point silver is the best buy. I like the looks of bars better but know they may be harder to sell. I am thinking about 100 oz of silver to start and 3-5 oz of gold. preferably a few 1 oz bars and some bullions or maples

I've recently switched to silver primarily due to the high cost of gold right now.My choice is the Morgan or Silver Eagle.
Depending on why you are investing,the bars can be sold back at spot price and carries no numismatic value.I would also recommend "junk silver",which are coins that were produced in 1964 or earlier and had real silver content in them.
I possess various types of gold coins and prefer the St Gaudens.If the price is a concern for you,look into purchasing 1/10 oz.coins,they're about the size of a dime.

thanks winston, i am looking to spend somewhere between 5-10k depending on what catches my eye.

? on junk silver wouldnt that be more for collectors if the silver content is low? i want to hold for investments but also have onhand incase of SHTF scenario(which i think is very very unlikely but never hurts)

CuBua... If I were new getting into it right now, I would steer towards silver (Rule of thumb for beginners is to start with silver first, but I think it's a safer investment right now as well). They have both been a great investment since hitting their floors (Gold from 99-01 when it dropped to $250, and silver in 2003 when it dropped to $4). Both have seen almost identical growth since with gold sitting just under $1300 and silver at around $17. But IMO, gold is going to hit a ceiling real soon while silver will continue to grow. Just a gut feeling...

Find a reputible source to do your investing!!! I hope you know people around you that have done the same and can steer you right. Good luck

thanks guys,

ltfg - unfortunatley the only person i knew passed and his daughter was made aware he had over 5 mill in gold bars.

I am thinking silver as gold may retrace a bit.

woah winston looking at that site I would have to buy a shitload of coins to have any value.


the silver coins on other site like ampex are $23 for one ounce coins.

Cu Bua wrote:

thanks guys,

ltfg - unfortunatley the only person i knew passed and his daughter was made aware he had over 5 mill in gold bars.

I am thinking silver as gold may retrace a bit.

The prices listed are based upon a $10 per oz.spot price.You would have to adjust those prices to the current spot price,which is about $18.

Silver is currently at $20.54 per oz.

This is where I go for all things precious metals:

www.allamericangold.com

Winston, are you using a broker or trading on your own? And I guess I should pay closer attention... Didn't realize silver had climbed to over 20 recently? That makes a pretty crappy day a little brighter...

I trade on my own through the linked website and a local coin dealer.Silver is up 22% from this date a year ago.Gold is getting harder to come by these days,I figured I'd go hog wild on silver before the mainstream people do.

Agreed, definitely bigger on silver under current circumstances. I'm not buying now, but would steer people like CuBua that way who are looking to get into it.

5 years ago I was getting letters to buy gold and look what has happened. Now I am gettign them for silver. I would buy all silver!

thanks winston found the 10 oz reference after i posted.


still researching and trying to find reputable silver dealer.

would rather buy local and with cash just being paranoid i suppose..

which bars are most recognizable or most trusted IYO?

Cu Bua wrote:

thanks winston found the 10 oz reference after i posted.


still researching and trying to find reputable silver dealer.

would rather buy local and with cash just being paranoid i suppose..

which bars are most recognizable or most trusted IYO?

I own a couple of 1oz. bars produced by a company called Englehard out of New Jersey.

I would look up the spot price of silver before you buy anywhere,check which ones offer you the best price(most places will go a dollar or two over spot)

The fact you are leaving no paper trail by paying cash is a good idea,Good Luck!