Welcome to /pmg/ - Edition #9 >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) - 10/2/2018 7:56:31 PM ET Metal Bid Ask +/- Gold 1204.60 1206.10 +2.25 Silver 14.72 14.77 +0.05 Platinum 827.70 837.70 -0.30 Palladium 1054.25 1060.25 +1.75
I ordered some generic buffalo rounds about 2 weeks ago at the very bottom of this recent bear run.... Picked up 7 at $14.63 each, really wish i had picked up more
Ethan Jones
I also was lucky enough to purchase a 2018 proof palladium eagle from the mint, in the 5 minutes before they sold out. I was talking to a customer at work on the phone while placing the order on the website. The US Mint website was lagging so bad because there were so many people trying to purchase the coin.
I paid $1387.50 at the mint for it. I was going to try and get it graded but was worried about the hype dying or it not coming back a perfect 70. I was also worried about getting scammed by an ebay buyer. Apparently its common for a buyer to say the item was fake, or the condition was not as described and then ebay will side with the buyer in most cases.
I ended up selling the coin to a local coin shop for $1650, which was over $250 profit before taking into account credit card rewards. Felt nice to actually make a profit from PM's.
>apmex is selling this coin in a 70 grade for $3500 I can't believe someone would pay 3.5x over spot for that, but hey at least you made a profit being crafty
Threadly reminder that precious metals dumped harder than stocks during the last recession.
William Hughes
is there literally any reason to buy anything other than gold, if you insist on buying metal?
surely the whole point is to maintain your wealth, nobody is going to get rich buying metal anymore now crypto is here, so why would you risk your wealth buying silver or any other pseudo-"precious" metal instead of gold?
Parker Rodriguez
would be nice if gold and silver x10 in price, doesn't seem out of the realms of possibility
Connor Richardson
I've got $5k that I like to buy some PM with I'd like to get some opinions on 1) what might be a good ratio of silver and gold or if I should just stick with one or the other. (I'm leaning towards silver given the price) 2) does anyone have experience with wholesalecoinsdirect .com? They seem to have decent prices from what I've seen so far jMbullion also seems reasonable 3) does it make sense to get mostly 1oz rounds and then a few 5-10oz bars? What would you go with? also I have a 401k and an IRA but I dont understand that shit and am not making much from it. so I'm hoping with this small investment and then each month or so buy a hundred dollars or more of PM will help me in the future
Logan Stewart
>risk >silver Pick one
Eli Peterson
theres a much bigger risk that silver's speculative value evaporates than gold's does.
