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

[Altitude sickness]

China, Japan Saudi Arabia are selling off their holdings of U.S. long term treasury bonds. BRICS nations are developing a commodity based trading system to displace the Petrodollar. The global dollar demand is shrinking every day. There are real replacement threats to the Swift banking system.

The anbove and other reasons are what has spiked gold and silver. Every central bank is buying as much gold and silver as they can get their hands on as a hedge.

 

[dogcat1]

Now is not the time. Normally you should buy low and sell high. These days with these prices, you are buying at all time highs.

 

[V.Veritas]

China, Japan Saudi Arabia are selling off their holdings of U.S. long term treasury bonds. BRICS nations are developing a commodity based trading system to displace the Petrodollar. The global dollar demand is shrinking every day. There are real replacement threats to the Swift banking system.

The anbove and other reasons are what has spiked gold and silver. Every central bank is buying as much gold and silver as they can get their hands on as a hedge.

No kidding....
It took 30 years until most of the world realized that the world rezerve transitioned from British pound to US dollar. The real transition happed much quicker, but inertia and denial are 2 characteristics of the human kind.
One year from now the current price of gold would seem really cheap.

De-dollarization: The end of dollar dominance? | J.P. Morgan

What is de-dollarization, and how is it playing out in markets, trade and more? Read the latest from J.P. Morgan Research.

www.jpmorgan.com

 

[jpr9954]

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

Like others have said, I have bought silver as a hedge against when the world goes to hell. I bought a few years ago for $12-15. I tended to go with the US Silver Eagles or the Canadian Maple Leafs plus junk silver. In Austria, you have the Philharmonics. I would look at Austrian silver coins if they exist.

Precious metals are a commodity and commodity price, IMHO, are always volatile. As others suggested, buy at a dip.

 

[Altitude sickness]

Let’s place some type of wagers.

I would wager that if you buy silver tomorrow at $85 or spot. and it isn’t at least $100 a year from now. I would give you back your $85 for it.

But if it goes to $200 you owe me $100 per ounce.

 

[Rez Exelon]

I buy lots of 10k, 14k, and sterling from major retailers when they clearance it. If I time it right, I can buy that way below spot price. The last round of buying I did, I got the jewelry for about 45% below the spot value of the metal. It's a little harder to deal with when selling, but it gives the options of:
1. Sell to a cash for gold place at -17% to spot.
2. Sell on FB or similar marketplaces for higher than spot based on the jewelry's MSRP
3. In apocalypse time, jewelry can be sub divided into chunks to be used as trading.

This system is finnicky because it is based on whether or not I can find product but over the last 5 years I'm up 150% on the money invested.

 

[Flbt]

In all honesty I didn’t do what I should have done year’s ago.
Should have bought one pile to hold on to just in case.
And one pile to play with buying and selling.

Right now I am looking at some englehart bullion that I payed 3$ a oz for and a bag of junk pocket change . And looking at 86$ a oz.
That’s one hell of a profit.

But I like having a insurance policy so to speak.

Now throw in a ruger 77m2 fs that a guy wants 1000k for.
Thinking of the 3$ a oz that I payed
So have around 40$ in the rifle.

Hard choices lol

 

[JimP]

One problem with jewelry and other items made out of precious metals is that you better know what you are buying and doing or you could go into a hole real fast.

Before everything went crazy I was picking up silver coins, medallions, and a few bars to go with the silver dollars that I have picked up over the years.

I'm not getting it for the acropolis but I just like collecting it. At the price of gold I might have to dig out the old gold pan.

 

[Betterinthebush]

Let’s place some type of wagers.

I would wager that if you buy silver tomorrow at $85 or spot. and it isn’t at least $100 a year from now. I would give you back your $85 for it.

But if it goes to $200 you owe me $100 per ounce.

Ag=$6500.00/oz. by 10/26
Au=$160.00/oz. by 12/26

That’s my bet and I’ve placed it.

 

[Rez Exelon]

One problem with jewelry and other items made out of precious metals is that you better know what you are buying and doing or you could go into a hole real fast.

Before everything went crazy I was picking up silver coins, medallions, and a few bars to go with the silver dollars that I have picked up over the years.

I'm not getting it for the acropolis but I just like collecting it. At the price of gold I might have to dig out the old gold pan.

As a general rule I have found that buying from major department stores or Walmart --- when jewelry is 75% off it's pretty close to or below spot. I've been known to show up with a scale and weigh and magnet test items at the counter before buying. Not all employees like it, but I've never had any issues.

I started doing that (especially magnet testing) because Walmart has sold me 3 fake 14k necklaces before. Two were stainless and didn't have the markings, but someone swapped the tags and I didn't see it till I got home. The last one was actually marked 14k. Weighed 20g so based on spot at the time it was about $1600 in metal for a $900 ask price --- until I brought it home and it stuck to a magnet. Took to a local trusted dealer that said fake fake fake.

I took that right back to the store, informed loss prevention, and interestingly they still have it out on their shelf trying to sell it to someone else disregarding what I told them.

 

[JimP]

As a general rule I have found that buying from major department stores or Walmart --- when jewelry is 75% off it's pretty close to or below spot. I've been known to show up with a scale and weigh and magnet test items at the counter before buying. Not all employees like it, but I've never had any issues.

I started doing that (especially magnet testing) because Walmart has sold me 3 fake 14k necklaces before. Two were stainless and didn't have the markings, but someone swapped the tags and I didn't see it till I got home. The last one was actually marked 14k. Weighed 20g so based on spot at the time it was about $1600 in metal for a $900 ask price --- until I brought it home and it stuck to a magnet. Took to a local trusted dealer that said fake fake fake.

I took that right back to the store, informed loss prevention, and interestingly they still have it out on their shelf trying to sell it to someone else disregarding what I told them.

 

[V.Veritas]

Ag=$6500.00/oz. by 10/26
Au=$160.00/oz. by 12/26

That’s my bet and I’ve placed it.

I will take that bet right now and use the profits tomorrow for a safari, unless you correct your typo

Ag = silver
Au = gold.

 

[Betterinthebush]

I will take that bet right now and use the profits tomorrow for a safari, unless you correct your typo

Ag = silver
Au = gold.

Oops! Too late to correct it. You caught it. Thank you!

 

[dgr416]

Right now firearms especiallly ar15s are super low priced .The silver and gold market could take a huge dump any time .I traded ammo for silver a while back when it was 25 an oz was a good deal .I wouldnt buy it now at 85 oz to risky .I told a friend he ought to buy silver and gold im 1992 i think silver was 3 oz he bought 30000 oz of silver and 1000 oz gold at $258 oz .Those were the good old days too rishy now it went from 55 oz to 3 before for silver .

 

[Corey0372]

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.

If you have to buy a truckload of food at one time to feed the guys helping protect your location, or an extra vehicle, or a trailer full of potable water, etc..... there's scenarios where larger denominations can come in handy in the "dollar don't work no more" world.

 

[dgr416]

Ammo water and food will be worth way more than gold when the crap hits the fan .

 

[Flbt]

In all honesty I didn’t do what I should have done year’s ago.
Should have bought one pile to hold on to just in case.
And one pile to play with buying and selling.

Right now I am looking at some englehart bullion that I payed 3$ a oz for and a bag of junk pocket change . And looking at 86$ a oz.
That’s one hell of a profit.

But I like having a insurance policy so to speak.

Now throw in a ruger 77m2 fs that a guy wants 1000k for.
Thinking of the 3$ a oz that I payed
So have around 40$ in the rifle.

Hard choices lol

Should have been 1k ruger

 

[Flbt]

Ammo water and food will be worth way more than gold when the crap hits the fan .

If the shtf.
You are right for awhile other trade items will be worth more and skills.
But for me not ammo. You don’t get rid of stuff that will kill your or take your stuff.
If it does happen this will be way worse than our first depression.
Way less farmers and way less people that can get along without power.
Ever seen a cell tower go out people go nuts.
How many know where to put a outhouse around a camp nowadays?

 

[Corey0372]

I did pretty good with mining stocks last year (seems this year might be good too). For me physical metals aren't for sale or trade while the power is still on. Just buy, hold, and pass on when I'm gone.

 

[Flbt]

Ammo water and food will be worth way more than gold when the crap hits the fan .

Y2k
Right before it I was at a party with a few guys I worked with.
It was kind of a neighborhood party.
One of my buddy neighbors ask him if he got stuff for y2k. He said he got a few more magazines and a few extra cases of ammo.
The guy looked taken aback. Not tp? Gas? Food ect.
He went nope.
Why? My buddy looked at him so do you have a gun? Learn to shoot?
No. See you will have to pay someone where you can keep your stuff. We will be more important then than now.