OOOOOOOOOOOOOOOOOOOO

Wanted prices to go down as they do periodicalky around october/September as I do every year but they just kept raising so I bought this about a month ago
Feeling comfy albeit i didn't buy any gold this year

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When selling gold and silver do i need to show them proof of purchase?
What if i just bring them 200 silver bars without any papers?

You should be fine without papers.

Depends on the country. In the US any transaction under $10k doesnt need documentation. Still has to be reported on your (((taxes))) of course, you wouldn't neglect that would you?

>boomer thrilled he finally made enough to pay his fees

They don't give a shit about proof of purchase. They use a little machine to test it's purity and you get your money. Easy peasy.

>selling your silber
yeah, but why?

Imagine being so excited over being up 10%. No wonder you goobers lose your minds when you try out crypto.

I sold a small portion to buy some gold this weekend. I'm still sitting on over 920oz of silver and just dumped some of my numismatics that I no longer wanted.

thinking about buying 100.000 USD worth of gold and sillver 30/70, good or bad idea?

im thinking of buying ETC silver instead of physical tho. which one is better?

enjoy ur wage cage

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etc if you're looking to get in and out fast but if you don't hold it you dont own it. If there is any type of financial crash you just might not see your money again in an etc. Physical is the only way to go. Your ratio is pretty good. Mine is 50/50 but that's pretty extreme most people do 10/90

Waiting for a correction then adding more to my stack. Didn’t think we were going to break resistance so easily

I waited for that at 17.3 to go sup 17
here we are nearing 20$
well fuck me

at least I got ~50oz around 15$
I don't want to buy more with these prices

Sub $20 is still a great buy in. The ratio has to catch up to gold.

okay thanks user. why would my money be lost in a crash? im looking into silver because right now i have 75% stocks and 25% bonds. as you might know bonds pay negative interest now + inflation. thats why im trying to switch the bonds for gold & silver, i also think a recession is coming in which case gold&silver have always been the right choice. what do you think?

This is hilarious. S....Silver! Kek. I made more on SNTVT in the last 24 hours than your whole year. Which, by the way, is the only thing with an 'S' you should be holding.

The silver chads are going to make it!

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Look up "permanent portfolio" and allocate 25% to PMs

Probably not...I'm wondering if 10,000 oz is enough

>not realizing Silver is correcting upwards
not gonna make it

Dunno why everyone is hating on this. I'm jealous of you, user. Well done.

So when are they going to smash the market with millions of contracts, because thats what normally happens.

It wont be allowed to go over 22 without a smash.

Because he should have sold post 2008 recession and refilled his bags when the price dipped (like when silver was below 15 for example). Not compounding your gains is moronic.
Don't buy into the fudster's bs sir. The only way to look at this is probability. What is the probability the world is going to crash and burn? Not very likely. So you hold some PMs to be safe sure, but the bulk of your portfolio should be in equities. I'm rather young so i have a ratio of 70 20 10 in equities, bonds and PMs respectively. Look what happened during the 2008 crisis, if you bought during the low or shortly after you would have tripled your money.

Why would you sell?

Sorry forgot to answer this specifically. If you buy electronic silver like an ETF or fund, the pros would be lower fees and spread and ease of buying/selling. You could also use some leverage plays. The con would be in the event of a global catastrophe, the ones and zeroes that make up your holdings would be useless. If you buy physical the opposite would be the case, higher fees and spread, greater difficulty in buying/selling but you would truly be owning it and have in in your possession.
In my opinion, if you plan on holding long term, maybe at least 10 years, I would consider buying physical. Hell it is very satisfying to look and feel your bullion in the flesh. However, if you goal is to min/max your gains I would say electronic is the way.

the problem i have is that i dont have a safe at home and that i cant just have 6-figures worth of PMs under my bed. i know that if shit hits the fan my ETC silver isn't worth shit but thats not very probable rn. the big problem i have in germany is that when i buy physical silver in germany, 19% sales tax is applied to it.

a 19% sales tax on silver is just criminal damn...

only on bars
silver coins are DIfferencbesteuert

which still sucks because I want some neat looking 100g/250g bars

If you can afford 100k of PMs you can afford a safe sir. One thing you could do is split your PM purchase into physical and electronic. Do note that electronic PM holdings will have a yearly fee to them (likely between 0.2% and 0.6%). Alternatively you could buy PMs in a notax nation like Singapore (where I'm from) or New Zealand. I personally use a company here called BullionStar (you can google it) and they will even hold your PM for you in their vault for a small yearly fee. Then you could get it shipped to Germany discreetly. I am not sure of the customs laws in Germany for doing such a thing but it's something to consider. Maybe even get a friend to hide it in a banana shipment for you.

Fuck this is good. Bought like 2 weeks ago 80 oz thinking I missed the boat hahaha

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>19% sales tax

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Longing silver with a 3x leverage, feels good

yeah, german tax law is crazy. i'd have moved out had i not had a great job opportunity.

One day they’re just gonna let it run. They already have hoarded close to a billion oz

Legendary

where do you do futures with PMs?
forex?

etfdb.com/themes/leveraged-silver-etfs/
You have to worry about erosion. You should hold these for more than a few days at a time. I made 3X in about 30 days using SLV options.

>be me
>be genius

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I'm jealous

Isnt it 28% in usa?

It's not when you bought , it is how much you have accumulated .
I have 10k ozs..what do you have, Mr. market timing guy?

Wow a whole 30%. You must be a thousandaire!

Depends on state. Here in New York it's 0% if you buy more than $1000 worth of bullion.

If you buy less than 1000 dollars worth tax is just 8.5% or something like that.

Good job on the timing of your first stack

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Cringe and envypilled
Based and frenpilled

>implying a 30+% yearly ROI isn't enormous
keep seething, stocklet

based, we'll make it fren

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>envy
But I'm up 300% over the same period.

Was it your first trade? Like the user who posted?
Also what is your entire portfolio compounding @

At what price are you guys going to stop buying? $20/oz? $30?

My stop point is $20/oz

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Great advice user, one thing the ETF PSLV is fully backed and allows for delivery for big enough holdings. Its another option to consider. I like holding muh rocks at the Perth mint.

You ever read Martin Armstrong work?

I'm waiting for Gold to hit 1589. Then I'll go to cash waiting/hoping for a pull back into January. That's for trading my part of the portfolio. The long term hold sits there like a rock.

∞

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>based, we'll make it fren
The silver chad's will making it fren!
I'm going to be collecting some paper via the 2022 LEAP options on SLV they being to trade on SEP 16

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Bars are the superior form factor.

IS IT TOO LATE? IS 1k ENOUGH?

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I'll keep buying into 30 and 40. Maybe keep buying at 50 depending on the gold price and ratio

can't you just buy silver off a craigslist type site?

Assuming you're telling the truth, I imagine it took a lot more than buying a single "simple" asset and hodling?

Screenshot this shit.

Everybody has said that for the past 20 years, whats going to happen is it will rise to 21.5 it will get smashed back down to 13-15, perhaps as low as 12 and will scare the week hands back out, thats whats happened in the market for the past 20 years.

Gold will do the same but probably go sub 1200. You wont be able to buy it after it crashes again much cheaper for a while because the premiums will be high unless you buy large amounts(thousands of oz), but the contracts will drive the price down, it always happens.

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No sir. A brief Google shows he is a convicted felon? Interesting ETF there, but I took a look at the prospectus and there seems to a be a very high minimum (32kg bar) and high fees for such a redemption. I think you would be better off buying it physically yourself if you wanted physical bullion, especially since such a large purchase would reduce premiums.

Schiff and maloney and such will make bank with the fomo thats going to hit right now. IMO the fundementals have not changed till silver breaks that 1980 price or a significant G/S ratio or gold breaks 2k or a signifcant oil/gold ratio.

I understand that people looking to get good gains, wont want to jump on board at >50 dollar silver and want to get in early, but weak hands need to be careful because until the paradigm changes i expect them to smash the price with bullshit contracts and buy all the week hands up.

Those waiting to drop 25k on silver and flip it if it jumps to 30-40 dollars are making a risky trade short term... if you are long silver you shouldnt even consider selling sub 50 dollar and consider anything 10-40 dollar an accumulation phase for the next 10-20 years.

I forsee a lot of people on /biz dropping 20k on 25 dollar silver and panicing when its smashed to 12 dollars again, ive seen it happen dozens of times on other investing forums.

We will see in the next 3 months.

My prediction for the next 3 months is fomo takes hold, people rush in au/ag gets smashed on the comex, spot price falls (premiums dont), dozens of people whine about how they bought thousands of ounces of 20 dollar silver and now its fell to 12 dollars and they sell it all.

Fact of the matter is, all anybody should be doing is stacking if, because if you are investing to make a quick profit before years end you'll get fucked in this market, till the market is broken, and i dont see any signs yet, a big sign would be 1980 levels.

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>No sir. A brief Google shows he is a convicted felon?
Yeah it's an interesting story the NY banks fucked him hard, I was skeptical too. But when his computer called the USA election being won by a 3rd party or non political candidate I was amazed, this was before Trump even announced. Tthe trading recommendation are the best I've found. armstrongeconomics.com/blog/
Just being a fren, if you think he's shithead no problem.

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Your cock blocking the Silver Chad's!
I do believe the inflationary wave is finally here.
So you'll buy at $50 fair enough.

saw that brick in half you might have a little SURPRISE in there...

Go XAG/USD!

APOLOGIZE

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Look at it go :)

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Interesting, but I think I never follow any individual on anything. Always been like that. If he has a theory or interesting view I would be happy to read it but I don't actively look for such stuff from individuals. Actually I'm rather new to investing and on the young side, I bought my first and only stack in December during the dip. Quite pleased with the situation now.

Where do I buy, boys? I have money and I'm diversified but it's all in banks and stocks and other things basically without any real value besides "faith". I want to put some of my money into something (literally) solid.
>gold or silver
>bullion or coins
>local or online

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safe deposit box at your bank

Check my posts lad and Essentially you want to cheapest available option in terms of fees and tax. Compare reputable online sellers for the lowest cost. If you are in the EU buy in a tax-free/low-tax country and lug it over the border back home. You could even find a private seller if you're willing to take the risk (this would be cheapest).

>So you'll buy at $50 fair enough.

No im warning the weak hands not to bother, if you are in on this to flip in three months if silver reaches 35, you will probably be disapointed when they dump millions of contracts on the comex and smash it. It has happened dozens of times over the past two decades.

Long term strong hands should keep doing what they are doing. If you dollar cost averaged into AU and AG since 2000 you would already know this, ive said nothing contraversial.

Could this be it, sure, is it it, i dont believe so. Not that i care because weak hands keep the dealers stocked.

At what price/oz will you stop buying silver?

I really dont know but im personally looking for significant change in the G/S ratio. Im not sure what Ag is in the earths crust, but its something like 12/1 or 15/1. The current G/S ratio is some obscene number like 85/1, so as long as its > 20/1 or something its probably a good long term investment. Short term its going to be volite as all hell. Investment capital might increase if a flight from the dollar takes place, but probably only if.

Silver is much easier to mine than most PMs, so should the cost increase mining would be worth the cost, so output will increase.

>Gold - Silver at 20/1 ratio
1000 - 50
2000 - 100
3000 - 150
4000 - 200
5000 - 250

So i guess the question is do you think gold could go to 5k an ounce in a crisis, because a 20/1 g/s ratio would put silver at 250, which is over 10x gains at the price now.

We have big problems if gold is >2.5k and silver is above 50dollars and keeps rising.

Even if gold shoots up to 2000 to 3000 and is stable, a 50/1 g/s ratio puts silver at 50 dollars an ounce, highly possible, and its been seen before.

This is why i think the paradigm doesnt change till we see either gold >30 at this ratio which would put gold around 2500 dollars

>short answer

Watch the G/S ratio, it falls more than 10% i think im going all in silver.

Bought at 17, Feelsgoodman, wish I had jumped on it at 15, but oh well, this bitch is goin to 30!

Id be wary if the ratio closes and other factors such as the bonds, stock, strength of dollar and political climate change.

I think G/S have tremendous potential, but it means shit if you dont own the physical.

As i also said, if massive investment and capital flight floods into Ag and Au, one would expect other PM's to act as an alternative investment.

Anons should look at the historic charts and ratio of Platinum/Palladium vs other metals, and its ratio in the earths crust and mining difficulty.

Platinum/Palladium might be a good bet if gold/silver becomes hard to get and the ratio is conducive.

Interesting

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I'm just trying to help anons out, i think droping 5/6 figures on ag right now if you intend to flip it by years end might be a bad trade, but you have to take risk to make a reward so more power to you guys.The comex has a habbit of fucking people who try this, ive done it myself.

If you intend to drop 5/6 figures now and plan on holding out past 2025, i think gold and silver are probably an excellent hedge/investment. Silver IMO is a good long term up untill around $40 or that ratio changes to lower than

Kek, i remember the rhodium and palladium shitstorms.

Few other anons in here talking about watching g/s ratios and not the price, smart cats.

How’d I do lads?

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>spot price is $18.45 an ounce
>buys a 1 ounce coin at $22

nigger what are you doing? order via ACH/Wire, to a PO Box in a state with no sales tax. Jesus.

Most stackers are long-term/never-sellers anyways (because most are conspiracy theorists that believe a total collapse is coming year after year) so no need to worry about us friend.

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would be better to buy a 1/10oz gold eagle than 3 1 gram gold bars.