Precious Metals

I got a bunch of Amazon gift cards for Xmas and was going to add to my silver stack and when I go to pay it says collectible coins cannot be bought with Amazon gift cards. The goys have done it again

thanks frens.

>I'll pay any capital gains tax.

There is something I do not understand about this tax when it comes to physical gold and silver.
Let's say the price of gold goes up to $1800 per ounce and I sell these for 30% more than I paid for them. How can the IRS prove I didn't buy them in 2011 when the price was $1900 per ounce for a little while and I actually lost money? Would they really dig into my credit card history from the last ten years or so and my Ebay account to prove when I bought them just to get a few dollars from me? Also I paid cash for a few of these at a local coin shop, how would they prove I gained anything at all?

Are you supposed to pay the tax even if you lost money on the deal for real?

Attached: IMG_2697.jpg (2400x1800, 1.14M)

any thoughts on palladium?

You should still be able to buy silver britannias without VAT

awesome, thought this only applied to gold.
Where is the best place to buy in the UK? Seem to be a lot of vendors online, assuming many are scams.

>Shiny rocks they put in computers

Overvalued as fuck, it will come tumbling down to $800

apmex.com
jmbullion.com
goldsilver.com
Just fucking buy some retard. Stick to sovereign coins, things that are recognized. American eagle, Canadian Maple leafs, etc.

>magic internet tokens

They want you to be a slave, err loyal subject of the crown

If your neighbor talks about precious metals or you will start notice some fliers around telling you to buy metals.
Run from it.
Sell everything you have. Of course chase the top first. You should be loaded with them by now.

If you want to buy vaulted physical PM's for the cheapest margin possible, goldmoney is pretty good. Buying with cash in person seems to be the way to go though.

Attached: 1545709738660.jpg (865x526, 55K)

*sips* Muh Gold and Silver.

Attached: A7528B25-A646-4EC9-8CF4-889997E4FFE2.jpg (465x407, 38K)

It’s against the law to pay tax on gold American Eagles and pre 1933 gold coins. It’s considered legal tender.

dont buy paper gold you mong
you want the real deal, accessible on hand and with no paper trace

why?
I can buy ETFs in a UK ISA - no capital gains tax ever, no hassle storing selling silver.

If you don't hold it, you don't own it. Period. Get physical gold, nothing less.

I own 10oz silver bars. Did I fuck up? Should I buy silver American eagles?

Buy silver, it generally appreciates the most. Also, commodities are cyclical and generally do the opposite of whatever the market is doing. We're at or near the bottom on silver. Once the next recession hits 1 of 2 things will happen:
>silver will immediately go up due to a lack of investor faith in equities
>silver will take one final dip followed by a massive rise as we see deflation followed by inflation as the equities bubble pops.

As for what kind of silver to buy try to get coins or bars as close to spot as possible. Don't worry about buying "premium" coins or bars. Remember, you're buying the metal, you're an investor, not a numismatist. Also, you can buy a few silver or gold ETFs as well if you need quick liquidity since it's harder to sell physical gold and silver than it is to sell "paper gold" and "paper silver".

If you paid the minimum over spot as suggests, you did fine.

>buying anything in 2018

ya dun goofed

>buying metals at a 5 year low
>ya dun goofed

Attached: 1513811489380.png (645x729, 77K)

Ladies and gentlemen, we've achieved communism.

can i make it with PM? or is it better for people who are already rich to protect their assets

What state do you live in?

It is for protecting wealth but if you have a huge stack of it before a shtf situation and you survive it you could be much better off many years later

GOTO to a gold store and buy Canadian maple leaf coins.

It doesn't even fucking matter what they are as long as they're real gold or silver. They could be the ugliest most scratched up bars or 90% silver coins and they'd be worth buying so long as you were paying close to spot.

In 2010 I bought 3 ounces of gold on eBay. I guess you can buy gold ETFs but most gold people discourage doing it because it's paper gold and not real.

They're good for quick liquidity and not having to pay premiums. I'm big into silver and gold but I recommend having at least a bit of your metals in ETFs so you can sell them quickly and not have to pay premiums.

100% silver, it is a much better conductor than copper and will be used in future nanotechnologies

i mean we theoretically are moving into a shtf scenario right now

Accumulate as much as you can.

Attached: smaug.jpg (4032x3024, 2.76M)

youtube.com/watch?v=7JIk8zPsSFM

>filename
Was Smaug the ultimate gold bug?

Attached: smaug.jpg (1200x800, 219K)

A true inspiration for us all.

>tfw you will never sleep in a giant pile of dwarven gold.

Attached: my-nano.jpg (830x700, 82K)

Nigga, put that gold buffalo back in it's case. Shit is too soft to be playing with on the floor.

Gold and silver are not commodities they are real money and real savings.

Buy silver. Each ounce of silver you buy for 15$ equals 2 weeks worth of wages historically since a silver piece the size of a silver dime used to be a days wage for most of human history and 14 silver dimes equals one ounce of silver.

So if you buy 509 ounces of silver that will equal 20 years worth of days wages when this inflationary house of cards comes crashing down.

500 multipled by 14 equals like 7,500 days or 20 years worth of wages.

Silver is the most undervalued asset on planet earth.

can i make it investing in silver if i don’t alreasy have a huge amount of money to put into it?

Attached: CD96066A-77FD-4B8B-8812-B665BA8221DA.jpg (500x332, 29K)

You know the reason people like Adam Smith believed gold was money was /because/ they were commodities. That's the whole idea of commodity money, that they're a commonly held commodity that can thus be used as a medium exchange, and a unit of account due to it's exchange rate with all other commodities.

You shouldn't essentialize money in this way, it's not some metaphysical thing or platonic form.

Silver has massive industrial consumption. In the event of a fiat collapse, the demand for it will plummet as people lose the means to buy the products made from it.

Gold is a pure monetary asset. It's perfectly useless in industry except for some electrical wiring purposes. This means gold will be however valuable it needs to be in order to absorb the value that belonged to fiat.

It's thought by many silver/goldbugs that there is a natural silver/gold price ratio based primarily on the relative scarcity of each metal, and that ratio is anywhere from 17.5:1 to 60:1. It's thought by these people that there is a natural reversion to the mean that occurs in the silver/gold market, meaning that when the ratio is outside its natural value it will eventually correct and it is this correction that you make profit on.

Right now is above 85:1, which means that if silver/goldbugs are correct that a strong correction is (over)due. The question you have to ask yourself though is if the silver/gold ratio is out of whack does that mean:

a) gold is overvalued
b) silver is undervalued

You don't want to be in the wrong metal or you will miss any gains. In fact its likely to be a combination of the two, so silver is arguably a much better bet than gold on this basis.

seekingalpha.com/article/4205481-gold-silver-ratio-spikes-highest-level-27-years
goldsilver.com/blog/heres-what-silver-does-after-the-gold-goldsilver-ratio-reverses/

But some argue that in the case of a financial crash only gold will increase in value.

goldsilver.com/blog/if-stock-market-crashes-what-happens-to-gold-and-silver/

It's arguably also dangerous to trade electronic and/or paper silver/gold, rather than holding the actual elements physically. As many people are convinced that much of the silver/gold traded doesn't actually exist, and if they are right when the scam is exposed only the physical goods will be valuable.

bullionstar.com/blogs/bullionstar/paper-gold-trading/

Attached: gold-fools.jpg (462x350, 43K)

hahahaaa

Attached: silverbullet.jpg (4032x3024, 2.8M)

How do you even guy precious metals. Is there an exchange or do I have to actually keep rocks under my bed.

If you are buying because you want to flip some rocks for sick gains, just buy a gold/silver index. If you want SHTF money, then buy some bullion coins from a mint and keep them in a POG sleeve.

You want SHTF money you're better off stockpiling food, ammo, hell, even magnesium. Anything short of that level of shit, you just diversify with govt bonds and forex. Gold and silver can act as safehavens, but not in every crisis. It's a viable bet, but not a safe one.

Attached: 1541206239791.jpg (960x960, 82K)

>yea let me just buy thousands of dollars of ramen and haul a trailer of rice and bullets around with me..

fucking retarded. if you are an adult with actual savings, gold and silver are your only hope not becomming pink wojak for SHTF

do you even read the bullshit your write?

"someone" believes blah blah blah

if you believe that "someone" is correct then do this blah blah blah

........

can i get rich in silver or is it primarily just to diversify for ppl already rich?

If you buy enough sliver and the market tanks! Let’s say 30-150 kgs than you will be rich ...most of my fiends have from 100kgs to 500kgs in sliver. JP Morgan own as shit Ton of sliver for what ?

Palladium is in a bubble and I would recommend people who are looking to buy and hold long term to avoid it. There was a similar run-up and blow out in palladium in the 2000s and I see a similar situation now. Those who want to try to trade the bubble can since I don't know how much higher the bubble can go.

To the original topic of this thread, those looking to hedge their currency exposure should buy gold and not silver. Gold can be purchased through things like GLD, PHYS, etc. Those that want to own the gold but want to store it in a vault can buy gold through things like GoldMoney or BullionVault.

For owning physical gold, buying 1 oz coins such as American Gold Eagles, American Buffaloes, Canadian Maple Leafs, Krugerrands, Australian Kangaroos are good. 1 oz gold bars in assay packages from PAMP Suisse or Credit Suisse are also good. Just make sure you always buy from a trusted source.

With regard to the coins, I personally like buying the ones that are 0.999 or 0.9999 fine (Buffaloes, Maple Leafs, Kangaroos). American Gold Eagles and Krugerrands are about 22 karat but they contain 1 troy ounce of gold in them along with silver and copper to give the coin a bit more hardness.

Why not sliver ? Us and Australian governments do have th right to take the peoples gold ?

once you have Silver coins, what next where you can actually sell them and how you gain money

That's why you buy a bunker first.

Attached: 76c7b1bcaf645b9bc7ef33c60119747799d8321a.jpg (567x850, 89K)

>you can sell them quickly
I can drive 5 minutes and sell for cash

Mommy and Daddy gave me $500 for Christmas, I'm going to buy some gold and silver coins with it.

Attached: 1540436273801.gif (840x488, 511K)

Get some tendies too fren

I hope it's not that simple, but man it's likely.

inflation is a thing that will never go away because people are dumb; besides even if it does it will come right back within two generations because people want "free" stuff. No tin foil here, it's just facts once you tell the people that they won't get their big pension because the money is just not there they will demand that you devalue - depeg whatever kind of money they use and pay them, (in devalued units). Not in those words more like hurr durr the 99% and don't worry user the market only goes up. They are dumb fucks, so they just see it, as I got mah munny and fuck off never considering that some number of generations down the line we will be right back where we are now..... FUCKED!

Attached: 1535119808115.jpg (1200x1431, 221K)

uhh, citation needed....

I'm tempted to buy some platinum to cash in on:
>The imminent collapse of South Africa
>The (temporary) hype for hydrogen fuel-cell vehicles

But the fees for physical metals are just too damn high. Is there any reason not to buy ETFs other than the government seizing your assets?

I'm just making OP aware of some points of view he should be aware of given that he says he knows nothing about precious metals. I can't make up his mind for him.

wrong, it's just a bonus that silver is used for industrial purposes, it's still able to function as money like it has for thousands of years. it's the small bills compared to gold being the big bills. silver literally means Money in Hebrew and we all know the jews know what real money is

Based
Idiot, SHTF implys nuclear war/civil war. If you think coins will be valued above ammo in that sit you’re braindead. Gold/silver is good in depressions not true SHTF levels.
To dump after it 20x’s for profit duh. Silver is a guaranteed 10x could even 30x

Attached: E8C86CBF-6F14-495C-9D7B-338CA5385052.jpg (800x472, 50K)

It’s recent ATH was 50ish so 5x is doubtful forget 10-20

how many btc do you own?
be honest

Of course I buy at a low
should I wait until the next ath and then buy?

fucking retard

It's the tried and tested Jow Forums strat. Buy high sell low

It might work this time.

Come onto the silver forum, we have group buys from the European mint where you can get shit real cheap while splitting shipping costs!

based

Attached: 58Wjs9T.png (212x174, 77K)

>It’s against the law to pay tax on gold American Eagles and pre 1933 gold coins. It’s considered legal tender.
So, I go to jail if I pay tax on it?
based and freedompilled

Buy gold.
Pay a jeweler to make you a nice necklace, ring what ever.

10x your money

No one does this but its true

What's with this South Africa shit? Aren't they just experiencing the same governmental incompetence and racial hatred that they have since the Brits left? What's changed to indicate collapse?

Why do people always think buying Gold or Silver is an investment? It's not really an investment at all. Its a hedge.

Gold tracker funds, particularly ETFs,are your best bet for investing in gold, albeit only if you trust the underlying issuer. You are taking a bit of a bet - not just on the product but also the fund that you invest in itself, as many of these allow trading halts etc.

If the likes of Blackrock, Powershares or SPDR have liquidity issues that mean you cannot access your cash, there are far bigger problems than worrying about getting your money back.

Saying all that - should add the caveat that investing in gold in this way is fine if you're looking to make a profit on a rising gold price, but pretty useless if you're interested in gold for it's historically most important function as a hedge against inflation and currency collapse.

good post imo

also iirc banks/financial institutions bullshitting about how much gold they have in reserve is part of the reason a lot of currencies moved to fiat/currency as debt, and no longer backed by a physical amount of gold

this thread has been excellent, thank you biz

>I can drive 5 minutes and sell for cash
You won't last 5-seconds once the local niggers hear that you tried to exchange gold for fuel.

Are you selling these AGEs for 50 dollars each? Because that's the legal tender face value.

Attached: 1509822979130.png (645x729, 93K)

Things must be changing. Even a month or two ago a thread like this would have died in a couple of hours.

What is the purpose of a post like this?

They have passed laws to greatly accelerate land seizures from white farmers. Zimbabwe did this a few years back and it fairly immediately collapsed their entire country. They crashed their own currency and use the US dollar now, unemployment is well over 50% and they have no successful industries to speak of any more.

Attached: serveimage (2).jpg (500x2812, 886K)

fucking this.

>not investing in actual precious metals
>implying you can use shiny metals for food in the eventual collapse

Attached: 556.jpg (474x355, 46K)

To remind you the US is becoming a third world hell hole.
Check your privilege, racist. And pay your taxes for equality!