What gold mining stocks are you guys holding on WeBull or RobinHood (NYSE listed). Most of the stocks recommended in the general are on the TSX, so hard to purchase.
Anyone still buying? I'm basically holding for now, premiums have just brought the price per oz too high for me at the moment.
Cameron Diaz
ill buy for sales methinks but i really want to invest in a safe instead of the crap ive been storing in
Anthony Clark
I NEED TO PURCHASE SILVER BUT THE DIP AINT COMING REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
My strategy i set up last year is to purchase as long as i can get it below 20 bux per oz. But as of now i can't find anything sub $23.. I'm sitting on cash for 2 months now, but i'm this close to break my own policy to make a phat purchase. I'm like a junkie craving his fix, i HAVE to stack MORE.
PLEASE KIKE OVERLORDS DO A ONE LAST MANIPULATION DIP SO I CAN MAKE A PURCHASE AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
^^^Cleaned up the salad, fixed missing meme arrow, has added links When copypasting, remove "embed" otherwise they stack up
YW
Christian Price
are these the new designs
Kevin Cruz
keep the cash since pretty soon we’re going into deflation and all prices will depress and only the cashfags will win by making investments in housing, pm’s, cheap stock.
Jason Brooks
Is it even worth it to buy gold at such small formats like 5grams 1/10 oz at such high premiums? I feel that even though it might take longer, it would be better to just save up for an oz. Why do people buy them if not for sentimental or gift purposes
Grayson Morgan
They can't be. They don't meet the legal requirement of containing an Eagle.
Mason Johnson
Go for 10 gram minimum. These get close to spot pricing.
I started running the numbers a week ago, and buying bullion only seems to benefit the people who sell it and the people who store it.
If I buy now, there's a premium, and if I sell immediately, they'll buy at spot or less. So, lose-lose. The only way PMs would gain in my possession is if I'm extraordinarily lucky by buying at a time that is randomly low and selling at a time that is randomly high enough to offset premiums from the buy/sell.
Then if I buy in significant amounts, the safest way is to pay a company to store bullion (like, bars) professionally. I lose again.
Then the historic gain of bullion over the centuries (at least from the longest study conducted) was 1.1%. Which is fucking terrible.
Silver went down from yesterday, so better prices. Some Anons predict that silver is undervalued and will correct, so buy a lot now and convert to gold when the ratio is low again. But that won't work unless you know that you've hit the highest when you convert, and it won't work if the premiums are adjusted (with lower cost/demand of silver the premiums will be higher).
Small formats are obviously for gifts. Buying/selling for your future requires bars and bullion. If you believe the world will end and you'll need to barter with bullion, then coins and denomination.
But from the numbers I have so far, if you want to stack, you stack fucking bars.
>that being said, my shitty tax-free savings account makes more gain than gold does...
Charles Rodriguez
You’re correct on all counts except that you need to dca in over years and expect to hold for years. Physical pms aren’t fucking shitcoins or stocks that you flip, they’re long term savings. Anyone who tells you otherwise is a dumb fuck
Aaron Lee
>Why do people buy them if not for sentimental or gift purposes There's plenty of reasons to buy smaller increments of gold. One, some people don't want to spend 1800 each purchase, two there are plenty of options for decently priced coins/bars per oz at small increments (though of course harder to find), and three in the event you want to sell, it's easier to sell smaller increments at a time than whole ounces. Having an easily divisible stack is nicer than just having fewer large portions. It's the reason why 1/10oz coins and 1g bars simply cost more.
Isaiah Torres
I agree, physical PMS are long term savings. But I ran the numbers on those too, and it's abysmal. The average human will live around 100 years now. If you hold PMs for 80 years, you're not gaining much against inflation (it's worse than the 1.1% which was taken from gold held from the 1700s to now). So, in other words, it's a terrible investment, especially given that the gold is not being held over centuries.
The issue to me is a simple one now, though I still don't have the answer to it. The data so far says that PMs are worse than stocks when increasing value taking into account inflation. PMs tend to stay at the same value. So, if I were to get any PMs, then the assumption is that it's not dead currency (like buying an iPhone or a computer) but it's not alive either (it's not farmland or stocks). It's merely a hold that doesn't do anything.
Further, a week ago one user here recommended I look into the Venezuela situation as a real-time experiment of what happens to PMs in situations where serious inflation happens. Sadly, PMs haven't done well there either: they've lost significant value, which screws the idea that PMs are a hedge against hyperinflation (incidentally this matches the historical data too, but Venezuela at least confirms it in the modern world too).
PMs are, as you say, for the long term. The question for anyone doing this is, 'when do I plan to sell, and can I live with selling at a time when I need the money but the PMs are worth less than I bought them for?'
That's what I think anyway.
>the Kraken coin is so beautiful though...I'm really thinking of getting one just because.
John Hill
They came out in 2018 I think by Liberty & Unity, private American mint. They're sold out everywhere except for one site I'm not familiar with (American Heritage Bullion). When they were in stock at Apmex BGASC etc, it looks like they went for reasonable prices ($21-$23), but these guys are asking $40.77. They're the only place I could find 'em. There's some on ebay going for $30-$37, but I don't trust anyone off of ebay. Too bad, because I really like the design. It came in a 10oz bar, too. Really wish I would have known about them when they were in stock. I wasn't even stacking back in 2008 though.
Everything you say is reasonable but I’d suggest that when major dislocations happen, they happen much more dramatically and rapidly than the data would suggest. I’m curious, can you provide any suggestions on where I can read up on PMs in Venezuela? I’ve been watching them in Argentine pesos and they’ve done extremely well there as a hedge. I’m wondering if maybe Venezuela is different because of the sanctions or something
Is it so hard to understand that pms are NOT an investment but simply a store of value? With negative rates coming i feel like beating inflation and keeping your purchase power over decades without much risk is already a win
I might pick one up off ebay anyway, I really like them and I don't think they'll ever make more. Maybe obscure enough design that no one is making fakes? What do y'all think?
they look like too much effort to fake, especially when "german" silver bars worth maybe .25 cents are going for 20$ on ebay because people are illiterate
Julian Peterson
hmm thanks for the info. I might grab a 1oz off ebay, worst case scenario I'm out $33-$37.
