Question for those investing into silver. Where are you buying it?
 

Do you buy mint coins or old coins? On auctions or what?
What's the projection for it?

I'm a gold guy but if you're going to buy physical precious metals/coins contact https://www.kitco.com/

If you're going to buy a decent amount you can negotiate the rate.

Only advice I can give you is stay away from the bars since they are harder to sell and stay the hell away from ebay.

I buy coins, https://www.metalmarket.eu/

You can buy gold/silver at OneGold, can setup auto weekly buys :thumbsup
You have to pay a storage fee, but you can also request for them to send you physical gold

Coins are good option! Old one are more precious but prices are really high, sometimes overpriced... :(

I have a friend who does estate sales and he gets a lot of silver coins through estate liquidations. It was a big thing in 60-s and 70-s he says. I need to do some research on those eagle, liberty etc coins. Some foreign have some serious value too. I think I saw gold Jamaican (?) coins in his collection.

Yea coins are big money, I grew up with a few collectors and they were quite proud of the coins too. I think it's a good investment overall.

Edited...

I just know a couple of hookers with hearts of gold . . .

Cash those bitches in!

Would you recommend investing in gold/silver as well as in real estate and crypto/stocks for instance in order to diversify, or do you think it is better to do only one of these assets? Thanks.

https://www.cnbc.com/2021/02/25/gold-markets-us-treasury-yields-federal-reserve-jerome-powell.html

That's a good question.
The market made gold and silver fall because of the reason explained in the link that i posted.
However people are expecting inflation and the inflation is gonna go high because of biden policy (injection of 1900 B$).
Inflation makes usually gold and silver go high.
The inflation rate of February will be released march, 10th.
If the number is higher it may restart the rally on silver/gold/platinum
Copper is also quite high.
If the inflation is not that high, gold will likely continue to go down.

I am not expert so if you think i am wrong, feel free to explain why.


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Comment : so basically biden injects money in the economy, to increase the yield of treasury bonds, which will inject money in the federal government. This offers an interest rate paid by the tax payer, with the purpose to inject money in the economy.
I am may be not skilled enough to understand, but this sounds like an absurd policy.

Or may be people are not realising that in the future, investors will get far better yield in the rest of the economy...

Why not all of it? I invested in some gold earlier and wish I put more money into it, but it was with my family members and they did all logistics.
I am definitely going to buy some coins with good discount I get.

BTW, good place to look for real estate sales and coins is at Live and Online Auctions on HiBid.com

The plan has been just voted now.
You may not see its effect on the inflation directly.

Keep in mind, the inflation rate comes from the CPI, which is another way "they" scam the poor.
They say 2%/year, believe that if you want, or find out what products contribute to CPI, just sayin' ;)

I guess you are right, except for the gold, I'll prolly skip that.

I am not an expert as well. Thanks for the link. I guess I need to do my research first, especially when it comes to investing in gold. Thanks!

What's wrong with buying bars ? Most legit gold/silver selling shops are going to buy it back from you.

IMO people should do their research into the issues with paying a company to store your precious metals, the issue is the counter party risk. A lot of these companies store their gold/silver through banks that then use third party vaults to store your PMs.

So if the banks collapse then you're just a creditor of the bank and you're left with nothing :disgust

The benefit of PMs is zero counter party risk, if it's not in your hand you don't own it.

Although that doesn't stop governments issuing an executive order that bans private ownership which was done before (April 5, 1933 in the US)

Shadow Government Statistics - Home Page is a good site I follow but it scares the shit out of me at times reading their figures :Oh crap

True Paul, and I'd HIGHLY suggest buying physical gold over OneGold/on-paper gold. TBH I consider my OneGold autobuys as convenience buys, love the auto weekly, but would never allocate majority my metals in something like that.

Re: Shadowstats site thanks for sharing, this the kind of eye opener ppl need
No. 515?PUBLIC COMMENT ON INFLATION MEASUREMENT AND THE CHAINED-CPI (C-CPI)

Gold/Silver miners and Gold/Silver royalty companies are also a good alternative to physical gold.

Everything has pros and cons, even with physical ownership there are issues too. You can get robbed, forget where you stored it etc

No worries! :thumbsup

Yep :( Sadly the majority of the general public wallow in their own ignorance, they don't have a clue how their monetary system works.

Most are happy to protest week after week, month after month about inequality but won't bother to educate themselves on what is causing the inequality :upsidedow:)

i just steal it by robbing posh peoples houses for their silverware...:2 cents:

Tsunami of inflation is coming & silver will definitely play attention.

Raw materials like lumber, steel, and oil is skyrocketing.

I buy at a local jewlery store that also specializes in PMs. Also makes it easy to sell and turn into cash in 5 minutes, which i do sometimes as well. Worth checking to see if you have a similar shop in your town.