Do any of you invest in gold and silver, and if so, how?

Foxi

Foxi

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Buy stocks or bars for the safe deposit box ?
I don't really have any ideas and am open to good suggestions.
Yes, I know it's too expensive at the moment, but that's always the case.
Greetings and thanks
Foxi
 
deewayne2003 said:
Watch the price and buy at 5 year low or like during COVID when it fell to record low.

Never understood why people panic buy when prices are at record highs.
Click to expand...
1768215445343.png

What are you waiting for when the train is moving on?
 
I have some money in gold and silver stocks, not really worried it will suddenly crash. the world is crazy.
Keeping an eye on them, closer then other investments, and sure I will make some money.
 
We have an apocalypse stash in the safe. It has become embarrassingly valuable over the last couple of years. Unfortunately, in this country, selling bullion entails a very high capital gains tax of 28%.
 
The simplest way to invest in gold and silver is to buy ETFs that track them.

If for some reason you want to buy physical gold and silver that is really simple enough.

If you want to get into gold in a big way with serious money, DM me and I can put you in touch with some people in that field.
 
There's an underground granite vault in Wilmington. Delaware where a guy on a forklift moves pallets of bullion from one side to the other. Like @Red Leg posted, the taxes can eat a good chunk of profit plus you'll get paper in return. My 2¢, gold buying is for central banks. YMMV. Having said that, with data centers being built everywhere, copper is probably a better hedge.
 
Anyone who buys gold or silver - in physical form, or via an exchange-traded fund - is buying at all-time high prices. To state the obvious - which I do because I realize we have many non-market professionals on the site - means that prices must do something that they have never before done: rise to even higher highs. So, the question one must ask themselves is why do you think gold and silver will continue to rise to higher highs. Is it because of continued central bank purchases, or because President Trump's mobilization of prosecutors against the Federal Reserve has startled the market and gold and silver are now proxies for political unrest? I suspect that this morning's surge in gold and silver is in reaction to the Fed issue, which could mean this is a short-term volatility spike. Last week, the metals complex rolled back a bit in price. I do not have a crystal ball, but it might be easier to make money buying something that is not at the highest prices ever. As for stocks, well, earnings make stocks go higher and earnings are expected to increase this year, as are margins. Earnings growth does not always trump geo-politics, and risk factors, of course. I share these thoughts not as financial advice but in case they might help some fellow hunters from whom I have learned so much over the years.
 
Foxi said:
Buy stocks or bars for the safe deposit box ?
I don't really have any ideas and am open to good suggestions.
Yes, I know it's too expensive at the moment, but that's always the case.
Greetings and thanks
Foxi
Click to expand...
Hi Foxi,

Basically there are three ways to invest:

Gold ETFs (paper gold)
Gold mining company shares
Physical gold

ETFs track the price of gold and are easily bought or sold through a share trading account or similar. The downside is that you dont usually actually own any gold.

Gold mining companies are good in that you can leverage the price changes of gold vs the change in profits of a mining company. The downside is that the specific company may have geopolitical or operational issues meaning it's price drops or goes to zero, i.e more risk.

Physical gold is probably the safest in that the price is less volatile that miners and less risk than ETFs, but is sometimes somewhat harder to buy or sell. If you buy bullion it must be stored in some fashion though, either at home or in a safe deposit box or bank, all of which will entail some level if cost. Many precious metals investment companies offer "pool allocated gold" where you dont pay a storage fee, just be aware that this is much like storing your money in a bank in that they might not have your physical gold to hand at all times. It pays to read the small print around this as often they will state that in the event of event xyz they are only obligated to pay out the cash equivalent to you.

I recommend the Kitco website as a resource for educating yourself on investment options.

Live Gold Prices | Gold News And Analysis | Mining News | KITCO

KITCO Covers The Latest Gold News, Silver News, Live Gold Prices, Silver Prices, Gold Charts, Gold Rate, Mining News, ETF, FOREX, Bitcoin, Crypto, Stock Markets
www.kitco.com www.kitco.com
 
Last edited:
Not to toot my own horn. Because I got the advise from a relative. :cool: Not by deep knowledge


I posted here 1 year ago that gold would go to $5000 in 2025. It is Close enough for investment purposes.

Silver may dip in the future. But it won’t return to $20-$30

2 years from now you will wish you could buy it at $80. Next dip is a good time to buy gold or silver.

Buy 1 once or smaller ingots or coins. They gain just like bullion but are better suited to buy day to day necessities when the dollar collapses or SHTF or just a natural disaster and no one accepts worthless paper.

Buy , buy, buy. The dollar is quickly being devalued and will eventually be replaced as the reserve currency. Buy Swiss Francs, Singapore, Finland and other currencies or physical precious metal you hold in you hand.
 
If you want a stash for when the world collapses, buy the physical stuff. If you think it will make you rich, invest in the S&P. Look at the historical returns to see which has been the far better investment.
 
Can’t decide what to get nieces and nephews for birthdays Christmas etc? Silver coins are great for this. Physical gold and silver is very versatile in form and weight these days. Find a trusted supplier/dealer. I’ve had it shipped in the mail! Bought it online, the mind boggles.
 
Years ago, I was watching “Wall Street Week” the guest said everyone should have a bag of junk silver coins for when the collapse happens. I look at gold and silver coins not as an investment, but as a life jacket. If you are going to buy, gold and silver buy in coin. And coin that will be readily accepted as trade. For you Marks or Pounds come to mind.
 
Gold is good for paying your annual taxes or major purchases, but can’t be broke down to buy a loaf of bread efficiently, so silver is better to hold for real day to day future currency.

Or hold any true necessity. Ammo, water, antibiotics, REAL value and bartering value.
 
Foxi said:
Buy stocks or bars for the safe deposit box ?
I don't really have any ideas and am open to good suggestions.
Yes, I know it's too expensive at the moment, but that's always the case.
Greetings and thanks
Foxi
Click to expand...
My 2 (long) cents:
I remember I’ve seen a poster advertising gold coins selling in Munich airport.
I’m sure you can buy them directly from many banks or dealers in Austria. Select American golden eagle, Canadian maple leaf or South African krugerrand, as they are the most trusted bullion producers in the world and easily traded later.

Right now the largest buyers of gold bullion are central banks who are preparing for the monetary reset. This is a change that just started a couple of years back, since USA weaponized the dollar. This trend will continue, hence the price will go up.

The majority of the members on this forum are North Americans, so you might get a skewered perspective on this issue, but remember - gold is an international asset with world wide buyers.

Example: this year before Christmas I’ve went to Canada Post to send a parcel. In front of me there was an Indian women sending a tiny parcel home. She had to declare the value and content and I overheard it was a “maple leaf coin”. While Canadians are purchasing toys (depreciating assets) as presents for Christmas, other nations are purchasing gold. Let that think in for a minute.
 
Foxi said:
View attachment 738458
What are you waiting for when the train is moving on?
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That’s only 5 years. See that spike in 2011? That’s when I bought some on advise from an silverholic. There was no guarantee it would ever hit $50 again. I.e. no one had a clue what would happen 14 years later (or even why it was happening then) So, if it corrects back to even 35-40$ an ounce. How long are you willing to sit on it? That’s where a ton of people lose a ton of money, like the silverholic I mentioned.

IMG_9095.jpeg
 
Foxi said:
View attachment 738458
What are you waiting for when the train is moving on?
Click to expand...

Not understanding you’re question/statement?

I buy silver because of its use in electronics manufacturing/absolutely not believing that I’ll be trading fractional silver for food…. At that point ammo will be the coin of the realm.
 
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