Welcome to /pmg/ - Edition #4 >Introduction This is an inclusive thread for all precious metals discussion that pertain to investing in gold, silver, platinum, and palladium, for coins, rounds, and bars. Other metals (like copper) are welcome as well. Physical possession is always recommended. Please keep discussions civil and evidence-based, and refrain from unnecessary ad hominem arguments. If you prefer crypto over PM, that's fine. If you prefer one PM over others, that's fine too. Just remember, all precious metals are precious and have their rightful purpose in both industry and investment. A good strategy should be to diversify and have as many PM's as possible.
people are predicting a crash around 2020. Stock, housing, student loans, credit loans, everything is currently bloating up.
So I believe those guys. I also think there might be a few signs right before, that's when I load up some PM. Currently silver might really hit $13 and below.
David Green
What sellers do you recommend?
Lincoln Gonzalez
I'm in europe and using a local one from which I buy in person.
Charles Miller
APMEX, SilverRound, LibertyCoin, and JMBullion are a good place to start
Evan King
The sooner you acknowledge the boom in PM prices was due to the largest financial crash since the great depression - and nothing else - they better you'll understand why your shiny rocks will continue to decline in value over the next decades
Jason Thomas
>not stacking on 20th century french coin picturing Hercules with two greek sluts are you even trying to make it?
Of course they'll always have a value due to its scarcity and irresistible beauty - but mostly because people think of the end of the world and wants to insure themselves
Mason Bailey
PM + Bump
Brody Edwards
>people are predicting a crash around 2020. >Stock, housing, student loans, credit loans, everything is currently bloating up.
Oh yeah it's a-comin' . Hog cash and save so you can survive the next recession.
People are predicting a crash since 2010. And guess where we are now? Year 2018 and the stock market is up another 30% since beginning of the year.
Printing money wont stop and another QE will come.
Jose Ramirez
no. QE is ending you moron
Elijah Lee
I've been buying gold and silver with bitcoin as a way to cash out while still avoiding taxes. Whether or not the economy crashes it's an effective way to store value that I've accumulated from crypto.
Ian Ortiz
Not a good idea since rates are currently hovering around 0% real terms, any market pull back will trigger negative rates again.
Bentley Brooks
My favorite posters in these threads are the ones that think there is no economic middle ground between Normal and Eating Your Children.
Liam Robinson
where can you do this?
Connor Howard
absolutely based and redpilled
Any major coin dealer like APMEX will take BTC
Brandon Collins
jmbullion
Cameron Jones
cheers, has trouble getting my bank verified at normiebase
Jayden Campbell
I'd also like to add that I think they allow orders up to 250k and you can make multiple orders. I sell about 10% of my earning for the month into gold and just sit on that. I'm a small time trader but I make about $6,000/mo doing this. I haven't had to fill out any sort of tax forms. Using something like UPMA (upma dot org) you can store your gold like a bank account and spend it with an American Express card. For larger purchases (like a house or car) they can accommodate things like that too. Coinbase obviously lets you cash out easily but if you transact more than $20,000 they report you to the IRS.
Aiden Morgan
Is it a good time to buy or should I wait for sub $13 silver?
Nathan Clark
Can someone give me the redpill on /pmg/? I wanna know how and why to save up for the coming recession and possible civil war.
I stack 3 things: firearms, gold, and librebooted thinkpads.
Jeremiah Flores
I just buy a little bit periodically, which should average out my buy price.
Justin Watson
Gold appears to be a more effective means to save money than simply using a savings account if you factor in inflation which is on average 5% per year (someone correct me if I'm wrong) so if you put $10,000 in a savings account you would end up losing about 5% of its value (in buying power) per year due to inflation (as time passes things increase in price). Gold on average beats inflation except in years where the economy booms because the dollar is stronger.
If you intend to invest money to get rich you're probably better off investing in stocks/real estate/crypto or something else (until the bubble pops) but if you want to invest as a means of saving money and ensuring buying power in the future then gold/silver is a solid bet as the price of gold usually jumps during economic turmoil, like a recession/depression. Analysts speculate that we're due for a recession soon. Whether or not there is any validity to that claim isn't really important to me because I think it's important to save money regardless.
For any investment you should diversify your portfolio into a mix of physical objects/securities. Some people have a retirement account(s) and own a home, but many people also invest in gold/silver.
In the event of a say the economy tanking, or a major credit crisis, then withdrawing money from a bank would be difficult, not to mention that your dollars would be worth presumably much less, so gold/silver also have the benefit of being small/light enough that you can store them securely in your own home and pay/barter for things with it if you ever needed to. They can also come in handy during a natural disaster like a hurricane or tornado since they're small, lightweight and waterproof.
for me personally I mix my investments up between gold/silver, crypto, property, and guns. I'm 27 years old. you can start saving/investing at any point. Silver is pretty cheap you can buy silver coins for like $14~15. that's a WoW subscription, or a movie ticket.
you can buy gold online or in person at a dealer, for cash transactions above $10,000 USD in a 24 hour period I think you have to fill out an IRS form, but I'm not that rich and have never had to worry about it.
you can pay banks or other custodians to keep your gold in a vault which can be nice, especially If they're insured since that's more secure then just putting it in underneath your mattress. Whether or not you trust someone else to keep your gold/silver for you is personally up to you.
US mint coins are counted as legal tender in some states so you can avoid capital gains tax when you buy/sell them, but you'll have to look up the laws on your local jurisdiction for clarity.
The easiest way to invest in my opinions just buying from a dealer. I buy from jmbullion with bitcoin and they ship it to my house. usps will insure packages up to $50,000 so if your package gets lost/stolen you don't get fucked. I invest about 10% of what I earn a month from my job, and what I earn from trading (I daytrade crypto sometimes) into precious metals. There's no right amount to invest, if you can only afford $50/mo then do that, it's better than not saving anything at all and a good habit to form.
Lucas Flores
So say you need to liquidate your gold during hard economic times. How do you do it?
Jeremiah Cooper
Call APMEX and send it to them for a quick payout slightly under spot.
Jonathan Collins
Would it be better to buy gold or platinum? My parents already have silver covered.
Ethan Anderson
Gold for sure, but it wouldn't hurt to get some Pt as well.
Josiah Russell
Palladium best metal
Gavin Johnson
Diamonds are the best metal guys.
Brody Thompson
hardest metal known the man
Nathan Hernandez
you can sell it to a dealer in person, or use a service like UPMA which allows you to spend gold with a debit card. If the economic times are hard enough you might not have to liquidate it for cash since if cash was devalued enough nobody may want/take it. The coins can be in small enough denominations that you could just give it to people directly for goods/services, but idk how likely a situation like that is.
Cooper Miller
Jmbullion has best prices
Lincoln Carter
I think SilverRound has even lower prices
Kayden Bennett
this only works if you wash the bitcoin. if youre sending the bitcoin from coinbase or bitcoin in your electrum (or whatever) wallet that you got from coinbase or gemini youre going to get paper tracked by the irs and assraped. you have to wash it by sending the btc to an exchange like binance, exchanging for monero, then exchanging the monero back to btc using something like changelly then you can send that washed bitcoin with no papertrail to apmex. just make sure you dont buy more than 10,000 usd worth at one time.
James Adams
its not very likely. the USA runs off of the dollar, everything happens because of the dollar. can you imagine normies trying to go to the store and paying with silver or gold lol? the thing that makes me believe the dollar isnt going to collapse is that the USA has far too many rich people and politicans that are invested in the dollar staying intact and strong. america isnt a shithole like venezuela or Zimbabwe
Henry Richardson
Sup metalheads.
Hit my crypto bags target so next wageslave pay (Friday) I am loading the fuck up on silver eagles and Britannias. Can get Australian Kangaroos cheap af but they look like shit to me.
hard economic times would mean that the value of the dollar would've been fucked over due to inflation so if the dollar was hyperinflated/unstable why would you want to liquidate your gold into it before the price had stabilized?you'd be better off trading it for something that people agreed was a stable form of currency, whatever it is at the time.
William Wilson
It takes less than 5 minutes on the phone and a quick trip to the post office.
Bismuth God I love that crypto coin, going to be big in 2019.
Anthony Ross
who /engelhard/ here?
Asher Evans
Nah JM all the way
Colton Kelly
What's the difference between the two?
Julian Mitchell
Not much really. They both command a nice premuim. I prefer engelhard for silver porn. Something about a sexy 1980s 5 oz engelhard gets me horny.
Nolan Sanders
d-did you drill a hole in it user?
Gavin Ward
engels are nice for me, its sunshine mint
Asher Phillips
Bullion dealer here. 99% of the information I have read ITT is accurate and good. Dont buy kuggerands or other 999 silver. Pre-64 90% coin silver is the smartest move. Or even clad 40% half dollars. It doesnt look as cool, but clad halves have a face value close to and ofter under there premium. In affect its a hedge. As well its current spendable currency which has a lot of good tax implications. You can even harvest them at a typical rate of $10 an hour. Buy a $500 box of half dollars from the bank. Look at the sides of the rolls for coins that dont have a copper core, deposit what isnt silver and do it again. Our market is gonna melt, likely soon before or after the next presidential election, maybe even the midterm.
They call it "junk silver" for a reason. It's illegal to melt it down so what's even the point in holding it? Get some rounds, they have just as low premium, and are exact multiples of 1 troy oz. Junk silver has all kinds of funky calculations depending on war nickels, dimes, quarters, halves, peace/morgan's. It's just not worth the hassle.
I just checked APMEX. $100 face-value bag of junk silver, avg circulation, is $1.99/t oz over spot. But you can get APMEX silver rounds for $1.49/t oz over spot.
Jonathan Wood
What do you do with these metals, who wants them, where do you buy them, are the shitmetals? With specific niches in tech?
Ethan Jenkins
The uranium coin was a joke, there's only one in existence. But I think you can buy stocks for it.
Nathaniel Sanders
Why would you ever want to melt it? The point of bullion over random chunks of precious metals is to credibly establish the metal content. The premium is high on it right now. If we are ever in a situation where you would actually want to melt coin silver, breaking the law by destroying the currency isn’t going to be a concern. Your a moron but you got me to respond 4/10.
Leo White
only to test for a lead core.
Elijah Diaz
Oh and the premium spikes on it when sophisticated physical investors buy.
