Welcome to /pmg/ - Edition #8 >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.
>Current Metal Prices (USD) - 10/1/2018 7:40:31 AM ET Metal Bid Ask +/- Gold 1184.40 1185.90 -6.94 Silver 14.50 14.55 -0.13 Platinum 805.50 815.50 -5.50 Palladium 1050.75 1056.75 -29.75
With greater market confidence comes a loss in metal value and vice a versa. They're long holds, they'll be fine.
Liam Clark
The market can't go up forever, sooner or later it's going to crash
Luke Peterson
Are we in accumulation phase?
Charles Jackson
When the market crashes, metals will skyrocket. They hold value beyond fiat. Thats why some countries are choosing to move to a metals standard over word of mouth and confidence.
Lucas Rogers
You won't have a massive pile of shiny rocks with your $30 bro
Physical only
Juan Rogers
10% of my port was precious metals in 2015, cause i didnt know shit about trading.
now its 5% and all the weird trades i did somehow made me back money cause of dividend, the metals barely moved.
Angel Jackson
Dont have any yet actually user, waiting on a good time to enter through APMEX
Colton Kelly
Dividends will save you if the metals don't
Connor Young
that, or crypto, bitcoin has so far proven to be a mega bull for the last 8 years
Camden Martin
Crypto wont be viable without major economic adoption through governments and/or companies. For that alone I refuse to invest, my stocks take good care of me. XXII especially so.
Alexander King
>waiting on a good time to enter through APMEX Can you explain?
Now is probably a good a time as any. Get some krugerrands and european 20 francs
David Russell
Why krugerrands over say american eagles or canadian maple leafs?
Ayden Sullivan
It's more of a personal preference than anything. All of them are fine. I just like krugerrands because they were the original bullion coin, plus they are very minimalistic, and they don't have fake dollar amount on them like the eagle or maple.
Noah Jackson
Hahahahah
PM """""investors"""""". You should know that your shiny rocks are going back to its median price of $500 for gold and $5 for silver.
You clearly didn't read the text on the first image
Justin Torres
Packaging shit in silk shouldnt be used to convince ppl to invest in precious metals that have the lowest return of all asset classes
Daniel Sullivan
I'm considering dipping a toe in some eagles because I live and work in the US, seems like they would be easiest to liquidate if needed.
Question is what denomination to get with my wagie wages? One half, two quarters or 5 tenths?
Nathaniel Rodriguez
Look at the top 40 products APMEX buys, any of those are as easy to liquidate as the other. Eagles are overpriced imho, especially the fractional ones. Get some Swiss/French 20 Francs, they are far cheaper per/oz than fractional gold eagles per/oz. If you're determined to go with the eagles, then larger is better.
Julian Taylor
You're an absolutely retarded faggot. Precious metals are not conventional investments like stocks or bonds where you are expecting a specific return on investment. PM is a hedge against inflation and economic hard times. God you retards are dumb.
Luke Ramirez
Just to clarify this point I looked at current APMEX prices on 1/4 Eagle and Swiss 20 Franc
1/4 Eagle is $327.64 (with check) So you're paying $1,310.56 per oz ($327.64 x 4)
Swiss 20 Franc is $237.42 (with check) So you're paying $1,270.20 per oz ($237.42 x 5.35)
And having held both in my hands, I will say the 20 Franc is a much cooler coin, plus it has history too
Luis Allen
@ buying platinum in the case south africa is rip and with it the platinum supply
Why should any sane person buy physical platinum? spot price is ~700€, 1oz is ~900€
what the fuck
Jordan Roberts
If you already have physical, why not top off ypur holding with a 3x vol silver ETF?
Is there any particular issue with this or are you guys being traditionalist fags?
Eli Clark
You can find far better deals much closer to spot. Also, if there really is a shit hits the fan situation in SA and platinum gets heavily disrupted, you will be thankful to have physical and not paper. That paper will be absolutely worthless if it's defaulted on.
Luke Lee
Kek. Havent you figured out that "hedge against inflation" is a fucking meme you fucking brainlet faggot. If you want hedge against inflation, you buy adjustable corporate bonds with A+ rating. This board is so fucking retarded
Landon Edwards
best I could find was ~800€ for 1oz now. on the other hand, I can't find so many dealer offering buying platinum.
It is pretty risky to bet on a SA shutdown. There will probably other things that may be on shortage with lower risk?
Lucas Rogers
ah forgot, stupid me, it is ~950€ because of 20% tax in my country oh lol
Caleb Wright
you can probably find some tax free deals on ebay
Austin Morales
With the chance that it gets checked at the boarder and I have to pay customs.
Another option might be buying the platinum and keeping it at the sellers side, for this tax won't apply, it is physical but not in my hands though.
Carter Stewart
LONDON O N D O N
Kevin King
Admit, you have been fooled by YouTube moguls who wanted to sell them your products. Congrats, you bought the lie
Should I buy anonymously at a local seller and hoard it in a sekrit place?
Tyler Collins
how can you age 20 years in 7 years?
Colton King
i got tricked into in 2015, but wised up at the end of 2016. you live and learn, I've talked to people that have been fooled for the last 8 years
Joseph Powell
Buying an ounce of gold with tax return and possibly a bag of 100 dollars worth of dimes as well in april.
Andrew Watson
just to add you have all these people talking about how governments are buying up silver and gold, but the problem is, it isn't for speculation, its a safety net and only a small part of their economy, theres a chance you wont see a gold big move for another 10 or 20, or even 30 years.
Bentley King
When you're telling anyone to buy your products and they keep falling in value (despite you praising they're going to increase by 100x), you get stress marks
Sebastian Roberts
The more time to accumulate the better
Gavin Martin
Can someone explain why I wouldn’t want to buy the dip of pic related? Do you really think trump can keep this going with the FED raising rates. Dollar is getting stronger though so I’m not sure how silver is going to increase..
Easy its called greed. Also I have the answer to this with my budwig diet mixture of flax oil and cheese used in unison with my reverse osmosis water its killer. Only problem is just about every girl I see I want to ravage. Really brings out the beauty in women.
Alexander Bennett
yes teddy b say jpm is long phy and futures
here in front of hiroshimoot and god, tell us you really dont want to dive in a pool coins like scrooge mcduck
Caleb Edwards
>dive in a pool coins like scrooge mcduck based and redpilled
Colton Bailey
Bump. Good thread. Add compare silver prices dot com website to general post and goldpricesdotcom
Everyone is waiting for the next black swan. Thing about black swans is no one usually knows its coming. Just a matter of time before gold becomes the reserve currency of the world.
