Any of you tools purchase silver or gold or other PMs?

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Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2014-12-10, 23:17

I'm not a gold bug or an En Of The World Is Meow, guy, but I like to buy and hold some PM's (physical possession, not in some fuckin hypothetical vault in God Damn Singapore or some shit) because it is fun and PM's are cool as shit just to have. I have bought ASE's, AGE's, bars (big and small), non-descript rounds, junk silver coins, etc, but I'm torn as to whether or not I should pay the premium over spot and get the Eagles or just go for the damn generic bars for = volume. I keep going back and forth, almost every time I buy as to whether or not paying a large premium (%-wise) to get the fucking Eagles is worth it in the long run.

Thoughts and anecdotes? Advice? Condescending remarks always welcome as well...

Where do you buy? What is your strategy? What is your objective in collecting/investing, and how are you going to get there w/r/t PM's?

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Floyd Robertson on 2014-12-11, 05:57

I bought a lot of gold for my ex wife. Worst investment ever.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by 75alum on 2014-12-11, 06:08

Floyd Robertson wrote:I bought a lot of gold for my ex wife. Worst investment ever.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by Jake from State Farm on 2014-12-11, 07:57

The price difference is $4 or so? With the way silver has been dropping they're not much of an investment right now.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Robert J Sakimano on 2014-12-11, 08:01

I prefer to stock up on canned goods, gas masks, weapons, bibles and processed meat stix.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Turtleneck on 2014-12-11, 08:43

Robert J Sakimano wrote:I prefer to stock up on canned goods, gas masks, weapons, bibles and processed meat stix.


So you're hosting the next tailgate?

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Robert J Sakimano on 2014-12-11, 08:45

Turtleneck wrote:

So you're hosting the next tailgate?
yeah.. give me some time though. I have to attend tRCMB surplus sale in hopes of acquiring some jorts..

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Turtleneck on 2014-12-11, 08:47

Robert J Sakimano wrote:yeah.. give me some time though. I have to attend tRCMB surplus sale in hopes of acquiring some jorts..


Please get me a braided belt. I will pay you back at the Cotton Bowl.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Rocinante on 2014-12-11, 08:51

No vaccine for stupid.

This was in the wrong thread.... In this case, I say Obla Di Obla Da Life goes on brah.

Do what you want. A lot of people made a shit ton more money betting against the last gold bubble than made investing in gold.


Last edited by Rocinante on 2014-12-11, 09:11; edited 1 time in total

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Robert J Sakimano on 2014-12-11, 08:52

Turtleneck wrote:

Please get me a braided belt. I will pay you back at the Cotton Bowl.
you got it..

look for me.. I'll be the fully grown adult male going out in public and masking my insecurities with a super hero costume..
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Re: Any of you tools purchase silver or gold or other PMs?

Post by Turtleneck on 2014-12-11, 08:55

Robert J Sakimano wrote:you got it..

look for me.. I'll be the fully grown adult male going out in public and masking my insecurities with a super hero costume..

So you will not be the guy with the tucked in jersey?

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Robert J Sakimano on 2014-12-11, 09:00

Turtleneck wrote:

So you will not be the guy with the tucked in jersey?
no - I prefer to display my emotional and intellectual "gifts" in a bit more flamboyant fashion.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by Blanch32 on 2014-12-11, 09:06

Dumb. Now you need a kick ass personal vault
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Re: Any of you tools purchase silver or gold or other PMs?

Post by Frank Ricard on 2014-12-11, 09:19

tTy wrote:I'm not a gold bug or an En Of The World Is Meow, guy, but I like to buy and hold some PM's (physical possession, not in some fuckin hypothetical vault in God Damn Singapore or some shit) because it is fun and PM's are cool as shit just to have. I have bought ASE's, AGE's, bars (big and small), non-descript rounds, junk silver coins, etc, but I'm torn as to whether or not I should pay the premium over spot and get the Eagles or just go for the damn generic bars for = volume. I keep going back and forth, almost every time I buy as to whether or not paying a large premium (%-wise) to get the fucking Eagles is worth it in the long run.

Thoughts and anecdotes? Advice? Condescending remarks always welcome as well...

Where do you buy? What is your strategy? What is your objective in collecting/investing, and how are you going to get there w/r/t PM's?

I don't have physical possession of any metals, but I do own them in a fund which has other commodities besides metals in it. I have no interest in holding the physical asset, but for those that do, have at it. I keep mine around 10% of my holdings. Sometimes, like this year, it's held back my returns, but in other years it has the potential to outperform the equity or bond holdings I have.

I use basically ETFs. You can invest in practically anything with those things now, even going into PMs or going short. But if you like having some gold/silver laying around, as long as it isn't too much of a % of your holdings. cool.


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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2014-12-11, 09:20

Jake from State Farm wrote:The price difference is $4 or so? With the way silver has been dropping they're not much of an investment right now.

When you say "price difference" are you talking = premium over spot?  I can get ASE's @ ~$2.XX over spot...

Also, RE: "Not much of an investment right now" due to price drops... when do you like to purchase investments?  When they seem super expensive?  I don't.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by LoneWolfSparty on 2014-12-11, 09:23

Everything I touch turns to gold. No need to buy it.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Rocinante on 2014-12-11, 09:24

LoneWolfSparty wrote:Everything I touch turns to gold. No need to buy it.


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Re: Any of you tools purchase silver or gold or other PMs?

Post by Jake from State Farm on 2014-12-11, 09:43

tTy wrote:

When you say "price difference" are you talking = premium over spot?  I can get ASE's @ ~$2.XX over spot...

Also, RE: "Not much of an investment right now" due to price drops... when do you like to purchase investments?  When they seem super expensive?  I don't.

The price has been dropping since July, but if you want to chase it to the bottom be my guest.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2014-12-11, 10:23

Jake from State Farm wrote:

The price has been dropping since July, but if you want to chase it to the bottom be my guest.

Yeah, gold peaked at about $1,350.00 this past summer. It's been under $1,200.00 recently but back up to $1,220.00 right now. Silver has been going down pretty steadily.

I usually go to the ATM once a week and withdraw $100 walking around money. I hardly spend any of it so when I've accumulated several hundred dollars I trade the 20s for 100s. When I start accumulating 100s I buy a money order and mail it to one of the big PM mail order business for a gold eagle or sleaves of silver eagles. I like eagles because I figure they will be the easiest to sell if I have to. I was thinking of maple leaves next time just for the hell of it. I like the Chinese Pandas too. Come to think of it, I think it's time to start diversifying.

I figure I go in at both good times and bad times, but that's what I do with my 401K, bi-weekly payroll withholding, so WTF. It's sort of a hobby for me, I just think the coins are cool to look at and fondle.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2014-12-11, 15:02

Silver.com is selling 1 oz. Sunshine Buffalo Rounds for $17.92 which is only .79 over spot.

http://www.silver.com/silver-bullion/silver-rounds/

Just went down to $17.77 so I went in. Shipping was $8.95.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by Blanch32 on 2014-12-12, 11:57

Jake from State Farm wrote:

The price has been dropping since July, but if you want to chase it to the bottom be my guest.

This. Learned my lesson on oil 2 weeks ago. Buy on dips not crashes
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2014-12-12, 14:49

tTito wrote:Silver.com is selling 1 oz. Sunshine Buffalo Rounds for $17.92 which is only .79 over spot.

http://www.silver.com/silver-bullion/silver-rounds/

Just went down to $17.77 so I went in. Shipping was $8.95.








Why?

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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2014-12-12, 14:53

Yeah, I saw that and thought, who the fuck would buy that?
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2014-12-15, 18:28

silver just took a decent pummeling.... I might pick some more up here if it takes another shit. Still kicking myself for not pulling the trigger on a 200 ounce order I had queued up a couple days ago when it was 14.50 = spot.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2014-12-15, 19:01

Stock market is taking a beating and yet gold and silver drift downward.....Shocked
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2014-12-15, 20:00

tTito wrote:Stock market is taking a beating and yet gold and silver drift downward.....Shocked

The stock market isn't even close to "taking a beating" yet, Homie. That shit is so fucking over priced right now, it isn't even funny.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by LoneWolfSparty on 2014-12-15, 20:45

tTy wrote:

The stock market isn't even close to "taking a beating" yet, Homie. That shit is so fucking over priced right now, it isn't even funny.

Truth.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by Blanch32 on 2014-12-16, 10:14

LoneWolfSparty wrote:

Truth.

Not truth. Only certain tech stocks are expensive. The market is a buy right now. Only idiots are afraid of lower gas prices
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Re: Any of you tools purchase silver or gold or other PMs?

Post by steveschneider on 2014-12-16, 10:26

Doesn't the stock market historically tend to drop at the end of the year?
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Re: Any of you tools purchase silver or gold or other PMs?

Post by Blanch32 on 2014-12-16, 10:46

steveschneider wrote:Doesn't the stock market historically tend to drop at the end of the year?

Strangely the opposite.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2015-01-20, 13:43

I finally have enough mad money saved to buy a 100 oz. silver bar, but the spot price went up almost $2.00 since last week.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by The_Dude on 2015-01-20, 13:51

I love those gold commercials.

Hey, the stock market is going to crash at some point in the future...I can't tell you even remotely close to when it will occur, but it will! Buy gold now to avoid the crash! Rolling Eyes
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Re: Any of you tools purchase silver or gold or other PMs?

Post by LooseGoose on 2015-01-20, 14:33

tTito wrote:I finally have enough mad money saved to buy a 100 oz. silver bar, but the spot price went up almost $2.00 since last week.

If you buy bars you have to worry about losing them. Get a custom grill made instead.


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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2015-01-20, 19:40

The_Dude wrote:I love those gold commercials.

Hey, the stock market is going to crash at some point in the future...I can't tell you even remotely close to when it will occur, but it will! Buy gold now to avoid the crash! Rolling Eyes

Cool. Thanks. I'll keep making bi-weekly contributions to my 401K (I do that no matter if the market is up or down) and then spend a little hedge money on gold and silver only when the market tanks. You're advice is appreciated!!
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2015-02-27, 02:19

I just bought 2 of these.  Pretty fucking good deal.  Free shipping.  $17.87 per ounce in 100 ounce bars.

http://www.ebay.com/itm/371220564612?_trksid=p2060778.m2749.l2649&ssPageName=STRK%3AMEBIDX%3AIT

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Re: Any of you tools purchase silver or gold or other PMs?

Post by LooseGoose on 2015-02-27, 05:25

tTy wrote:I just bought 2 of these.  Pretty fucking good deal.  Free shipping.  $17.87 per ounce in 100 ounce bars.

http://www.ebay.com/itm/371220564612?_trksid=p2060778.m2749.l2649&ssPageName=STRK%3AMEBIDX%3AIT

Not a bad deal, they're a little cheaper since they sell cadaver silver.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2015-03-03, 00:43

Picking them up tomorrow from the post office = nobody home to sign today.

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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTito on 2015-03-03, 10:27

I may buy some of these, even though they're over-priced, just because I like them:

http://www.providentmetals.com/molon-labe-1-oz-silver-rounds.html

And I did buy one of these:

http://www.silver.com/5-oz-ntr-metals-silver-bullets/

Gotta have little fun with your stack.
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Re: Any of you tools purchase silver or gold or other PMs?

Post by tTy on 2015-09-23, 21:38

I just bought 3 100 ounce bars cuz.......

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Re: Any of you tools purchase silver or gold or other PMs?

Post by The_Dude on 2015-09-23, 22:21

tTy wrote:I just bought 3 100 ounce bars cuz.......

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