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Forum » Gonna take some cash to a silver dealer and
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Thread: Gonna take some cash to a silver dealer and

post 1663332173 06-23-2022, 01:42 PM
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Gonna take some cash to a silver dealer and

Buy a lot of silver with cash. AMA.
post 1663332263 06-23-2022, 01:43 PM
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Why not just buy into a silver fund
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post 1663332313 06-23-2022, 01:44 PM
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Originally Posted By FlexLex⏩
Why not just buy into a silver fund
What's the advantage in doing that?
post 1663332853 06-23-2022, 01:55 PM
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Coins or bars?

Recommend you get it in old coins.
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post 1663332873 06-23-2022, 01:55 PM
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GJDM I do the same
post 1663333473 06-23-2022, 02:08 PM
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Originally Posted By HaiMeesk⏩
Coins or bars?

Recommend you get it in old coins.
Coins most likely. Rounds aren’t that appealing. I have some bars, but I think coins are better. I’ve considered doing Perth Kangaroos because the premium on them is way lower than Silver Eagles. I don’t want to pay 15 dollars over spot for a coin. That’s retarded.
post 1663333593 06-23-2022, 02:10 PM
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Has the spot price of Silver dropped recently or something?
post 1663333843 06-23-2022, 02:13 PM
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Originally Posted By BigTimeOperator⏩
Has the spot price of Silver dropped recently or something?
Only marginally. It’s under $22 an ounce now. But Silver Eagles are like $35 or $36 an ounce now. No thx Jeff. I also have a good bit of cash lying around (no IRS) that I want to put to work.
post 1663333853 06-23-2022, 02:13 PM
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Originally Posted By FlexLex⏩
Why not just buy into a silver fund
I'm on same page. I have bought into ETF. Considering the money you lose in commissions premiums that are paid out, ETFs better if you are just looking for safe harbor investment. Also more liquid.

If you are truly worried about the end of the world, ETFs obviously will be useless. So this is the only reason to buy physical.

I have some money in gold/silver/other precious metal ETFs. I probably will buy physical gold/silver at some point, but truly as an "emergency preparedness" thing.
mo e
post 1663334013 06-23-2022, 02:16 PM
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Originally Posted By mulletwarrior⏩
I'm on same page. I have bought into ETF. Considering the money you lose in commissions premiums that are paid out, ETFs better if you are just looking for safe harbor investment. Also more liquid.

If you are truly worried about the end of the world, ETFs obviously will be useless. So this is the only reason to buy physical.

I have some money in gold/silver/other precious metal ETFs. I probably will buy physical gold/silver at some point, but truly as an "emergency preparedness" thing.
I’ve flirted with it, and I’m certainly no expert, but it seems putting it into an ETF costs money too or am I thinking 401k? I’d just rather have tangible silver, gold, and platinum.
post 1663334023 06-23-2022, 02:16 PM
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I like provident metals because they will send you a padded envelope with "Provident Metal Bearings" to you to seem boring and deter theives.
post 1663334153 06-23-2022, 02:18 PM
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Originally Posted By FlexLex⏩
Why not just buy into a silver fund
Terrible idea imo


Go buy the tangible silver op srs
post 1663334263 06-23-2022, 02:19 PM
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Neat, I like to buy silver coins with money from scrap metal. It's a good way to turn nothing into something. I have American, canadian and indian silver coins, plus some bullion coins from around the place.

My American coins are a collection though, I spend way over spot value for some of those.

I started buying the odd bullion coin when an oz was going for around 32 nzd. Last I checked it was almost double that

In for pics OP
Damn
post 1663334433 06-23-2022, 02:22 PM
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I buy silver and gold, make sure you get them to match the silver price as close as possible. Sometimes they'll go under if they still get a margin assuming you buy a lot at once.
post 1663334473 06-23-2022, 02:22 PM
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Originally Posted By knightofday⏩
Terrible idea imo


Go buy the tangible silver op srs
Solid explanation
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post 1663334613 06-23-2022, 02:25 PM
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As for me, I believe a true economic depression is on the horison an have begun the home commodity phase of hedging
post 1663334793 06-23-2022, 02:27 PM
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Originally Posted By FlexLex⏩
Why not just buy into a silver fund
You don't own if it's not in your hands. It's 2022 and the current system is on its last breaths...last thing you would want to do is keep a ton of money on a database. Good to diverisfy, but don't hold all your eggs in one basket.
#
post 1663334903 06-23-2022, 02:30 PM
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Just buy some US Silver coins OP...High mintage Eagles and you'll be good.
post 1663335023 06-23-2022, 02:32 PM
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Originally Posted By hendrixfreak70⏩
I’ve flirted with it, and I’m certainly no expert, but it seems putting it into an ETF costs money too or am I thinking 401k? I’d just rather have tangible silver, gold, and platinum.
I wouldn't do it in a 401k. 401k should be stocks (maybe some bonds depending on how long til retirement).

Most brokerage accounts (robinhood, fidelity) don't do trading fees anymore.

There are lots of low cost ETFs. For example, this one charges a 0.5% annual fee. I'm sure commissions/premiums you pay for physical silver exceed that.

https://www.ishares.com/us/products/...ver-trust-fund
mo e
post 1663336053 06-23-2022, 02:53 PM
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Only buy physical. Don't buy any paper silver. That's how they manipulate the price in the first place. You don't own it unless you hold it though.

Buy most of your stuff online OP finding the best prices possible. I haven't bought silver for a while because these premiums are nuts. Just get coins, bars, and basic common rounds. Maybe get some junk silver too. You have any gold?

The best thing to do is get a good rapport with your local coin dealer that isn't taking advantage of you by just buying a little bit from him often. The big purchases do online unless you find an LCS that can give a reasonable price these days.
Originally Posted By 300Lane1⏩
Just buy some US Silver coins OP...High mintage Eagles and you'll be good.
Don't do this. You're way better off just buying buffalos than eagles. Eagles are the worst investment in the silver market with these premiums. It's laughable. The difference in what you get from places from eagles compared to maples or rounds is barely any difference.
post 1663345803 06-23-2022, 06:56 PM
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Originally Posted By DeadlyStriker⏩
Only buy physical. Don't buy any paper silver. That's how they manipulate the price in the first place. You don't own it unless you hold it though.

Buy most of your stuff online OP finding the best prices possible. I haven't bought silver for a while because these premiums are nuts. Just get coins, bars, and basic common rounds. Maybe get some junk silver too. You have any gold?

The best thing to do is get a good rapport with your local coin dealer that isn't taking advantage of you by just buying a little bit from him often. The big purchases do online unless you find an LCS that can give a reasonable price these days.



Don't do this. You're way better off just buying buffalos than eagles. Eagles are the worst investment in the silver market with these premiums. It's laughable. The difference in what you get from places from eagles compared to maples or rounds is barely any difference.
I've got a little gold. I think it is at its highest and will likely be there a while. I doubt it ever gets much higher.
post 1663345953 06-23-2022, 07:02 PM
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Originally Posted By hendrixfreak70⏩
I've got a little gold. I think it is at its highest and will likely be there a while. I doubt it ever gets much higher.
It will probably go down until the recession/depression is in full effect. Then it will only go up from there for a while. More demand for silver in gold in the future, plus it is a risk off asset during inflationary times to preserve wealth. JP Morgan can't manipulate it forever.

As long as you have both you're good. I'm heavier in silver as well because of the industrial use upside. We'll see what happens.
post 1663346243 06-23-2022, 07:09 PM
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Originally Posted By Jandels⏩
Neat, I like to buy silver coins with money from scrap metal. It's a good way to turn nothing into something. I have American, canadian and indian silver coins, plus some bullion coins from around the place.

My American coins are a collection though, I spend way over spot value for some of those.

I started buying the odd bullion coin when an oz was going for around 32 nzd. Last I checked it was almost double that

In for pics OP
This is about 13k worth of silver, gold, and platinum.

post 1663346563 06-23-2022, 07:16 PM
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Jandels, I got ya on recharge. What color lambo you want when it moons?
post 1663346813 06-23-2022, 07:20 PM
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Originally Posted By hendrixfreak70⏩
Jandels, I got ya on recharge. What color lambo you want when it moons?
Silver
Damn
post 1663347013 06-23-2022, 07:26 PM
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Originally Posted By FlexLex⏩
Why not just buy into a silver fund
If you can’t hold it you don’t own it.
See you tomorrow
post 1663419973 06-25-2022, 05:42 AM
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Looks like I’m going to have to go through a PM broker online. I can’t find anyone willing to buy it so I can just come pay cash for it.
post 1663420093 06-25-2022, 05:52 AM
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Originally Posted By FlexLex⏩
Why not just buy into a silver fund
when shyt hits the fan only physical silver will matter

the usd itself will be worthless, along with all the money in your etf
post 1663433603 06-25-2022, 12:41 PM
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What do you goofy dorks recommend I buy?

I'm oscillating between palladium, platinum, and silver.

Silver could return me 2.5 times my money if it reaches its previous ATH. Platinum could double it. Palladium could give me 1/2 my money. Gold I believe is going to maintain for a while. But I have a lot of silver and very little platinum and even less gold. I'd like palladium and it's pretty low comparatively speaking. I'd like to get rhodium but I ain't dropping 14k on a bar.
post 1663433783 06-25-2022, 12:47 PM
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Metals market is the most manipulated of any.

If the world goes to sh!t, ammo will be worth a lot more than silver or gold coins.

Stack cases of 22LR, 9mm, .223 and 12ga.
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