WHAT TO BUY GOLD OR SILVER

[Idahodutch]

Wow, the powers that be are really playing. The result is that gold and silver are on SALE this weekend.
A kilo of silver for less than $600, or a tube of 20 silver eagles for less than $400.
Idahodutch

 

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[Bible]

Gold 10 to 1 but play it for fun, not for investment sake. Every once in awhile i hit the casino, but I dont expect to walk away with more money then i walked away with, but sometimes i put in my 20$ and walk away with 500+ if that helps

 

[Blak bart]

Get yourself a metal detector and find both gold and silver.....its fun to do and you would be surprised just how much of both you can find over the years !! Some of us call this treasure hunting. Actually....with a little luck some pretty good amounts can be accumulated !! I mean....OBN got 100 or 110 gold rings this year...heck it might even be more than that, I cant even remember the exact number. But that's got to be pounds !! I would encourage investing in the markets too....but there are probably better sites to get that advice from than a treasure hunting site !! If your going to buy precious metals to hold in hand...well that's easy....
Pick which ever one you like man....gold, silver, platinum, palladium etc...... ! The key to precious metals is to get them for little to no money.....or find them !!

 

[galenrog]

I prefer silver in the safe. I accumulate through two methods, primarily.

First is coin roll hunting. Errors are the moneymaker. Silver and older coins are a bonus. I have developed a list of collectors over several years that want a variety of things. Excess cash purchases silver.

The second is garage sales. Any gold or silver that can be flipped within a few days at a profit. Again, any excess cash purchases silver.

There are several other ways to accumulate cash to buy silver, but these do not cut into the household budget in any way, and are thus preferred.

Time for more coffee.

 

[unclemac]

...ammo....ammo prices have gone up faster than silver or gold. Bullets will also be the medium of exchange when the world goes to hell in a hand basket...not silver, not gold...ammo....ammo and boxes of Kraft mac and cheese!

 

[Idahodutch]

...ammo....ammo prices have gone up faster than silver or gold. Bullets will also be the medium of exchange when the world goes to hell in a hand basket...not silver, not gold...ammo....ammo and boxes of Kraft mac and cheese!

Unclemac,
Ammo is a good choice. Reloading tools and supplies may set you up in a high demand job.
Till supplies run out. Black powder is easier to make over smokeless gun powder. The 38s, 44s, and long colt 45s, are all old Black Powder cartridges. When stuffed full of Black powder, those cartridges work just fine. Well they gunk you gun up, but it will shoot, and it works. I tried it to make sure.
Pacific willow wood is great for making charcoal for the black powder.

Keep you casings.

 

[unclemac]

and keep it simple too...always have an old school double barrel 12 gauge, a bolt action 22, '06 and/or 30-30....come real common caliber rifle...and of course...a very simple revolver or two, a 45 and perhaps a 38. The less parts that can wear out the better.

 

[fistfulladirt]

You guys sound like you’re stocked up for wild game?

 

[Idahodutch]

You guys sound like you’re stocked up for wild game?

Fistfulladirt,
Yeah, leftovers from 2008 - 2016. Same puppet masters are still trying though.
I hope the game doesn't get too wild.

 

[unclemac]

i hope it is just plain paranoia

 

[Blak bart]

and keep it simple too...always have an old school double barrel 12 gauge, a bolt action 22, '06 and/or 30-30....come real common caliber rifle...and of course...a very simple revolver or two, a 45 and perhaps a 38. The less parts that can wear out the better.

Good advice...and now is the time...stainless and lead beats gold and silver when one must survive!!

 

[fistfulladirt]

Good advice...and now is the time...stainless and lead beats gold and silver when one must survive!!

You’re not one of those “you can’t eat gold” types are ya?

 

[unclemac]

You’re not one of those “you can’t eat gold” types are ya?

you can't

 

[trdking]

FYI This Black Swan panic has dropped the Market over 10K points on the DOW The unusual part about this drop in share value (and why I am calling a black swan event) is that the major companies are fat with CASH In my mind this is an excellent time to buy into the market. It will recover

 

[unclemac]

FYI This Black Swan panic has dropped the Market over 10K points on the DOW The unusual part about this drop in share value (and why I am calling a black swan event) is that the major companies are fat with CASH In my mind this is an excellent time to buy into the market. It will recover

and if it doesn't you money will be worthless anyway.

 

[Timecop67]

What is interesting is my certified PCGS Gold coins that I bought several months back for 1.4k to 1.5k.....street price of those are now over 2k. Demand is really going up and will continue with all this Fed money printing. Right now I wouldn't touch the stock market ....unless your a day trader and know the ends and outs of derivatives. For the buy and hold investor, no. Got out of the stock market when overvalued over a year ago in this "Trumped up Market". I believe it is all about "Preservation of Assets" in this day and age with Gold and hard assets & not edging out a little gain in the stock market. Summer months may see Covid cases decline....but may see another repeat in the Fall with a falling market as well.

 

[Treasure_Hunter]

Post deleted, member on time out for continuing to post politics and for insulting forum.

 

[baddbluff]

What is interesting is my certified PCGS Gold coins that I bought several months back for 1.4k to 1.5k.....street price of those are now over 2k. Demand is really going up and will continue with all this Fed money printing. Right now I wouldn't touch the stock market ....unless your a day trader and know the ends and outs of derivatives. For the buy and hold investor, no. Got out of the stock market when overvalued over a year ago in this "Trumped up Market". I believe it is all about "Preservation of Assets" in this day and age with Gold and hard assets & not edging out a little gain in the stock market. Summer months may see Covid cases decline....but may see another repeat in the Fall with a falling market as well.

Depends on how far away you are from retirement.
If you aren’t retiring within the next 15-20 years, I’d put most of your $ in mutual funds/ETFs/stocks.

You would expect gold and silver to do the opposite of the stock market, but they are not. Gold today is worth less than it was in 2012, and has been up and down since then.

If you are close to retirement & want to “preserve your assets”, buy bonds or get a money market account. But you really aren’t preserving them, as these type of investments aren’t going to keep up with inflation.
PMs can be just as volatile as stocks and there is no way to predict what will happen with them. At least the stock market, (long term) seems to give you more predictable results.

 

[Timecop67]

Depends on how far away you are from retirement.
If you aren’t retiring within the next 15-20 years, I’d put most of your $ in mutual funds/ETFs/stocks.

You would expect gold and silver to do the opposite of the stock market, but they are not. Gold today is worth less than it was in 2012, and has been up and down since then.

If you are close to retirement & want to “preserve your assets”, buy bonds or get a money market account. But you really aren’t preserving them, as these type of investments aren’t going to keep up with inflation.
PMs can be just as volatile as stocks and there is no way to predict what will happen with them. At least the stock market, (long term) seems to give you more predictable results.

I've got 10 years maybe 12 years left before retirement. Until I see valuation levels reach reasonable levels I wouldn't touch stocks even if I were younger.....but to each his own. I have bonds and CDs but Gold has been performing great as of lately and is a good store of value. There is no guarantee the future will act the same way as the past.....as I see tougher times on the horizon and choose to be in harder assets because of it.

 

[fistfulladirt]

Depends on how far away you are from retirement.
If you aren’t retiring within the next 15-20 years, I’d put most of your $ in mutual funds/ETFs/stocks.

You would expect gold and silver to do the opposite of the stock market, but they are not. Gold today is worth less than it was in 2012, and has been up and down since then.

If you are close to retirement & want to “preserve your assets”, buy bonds or get a money market account. But you really aren’t preserving them, as these type of investments aren’t going to keep up with inflation.
PMs can be just as volatile as stocks and there is no way to predict what will happen with them. At least the stock market, (long term) seems to give you more predictable results.

Stockmarket going like gangbusters! More than half the country not working. Shazaaaam!