Does anyone else collect coins? I'm Australian, you guys might know that when we decimalised our currency we made our 50 cent coin out of silver, then the price spiked and the government had to stop doing that and recall the silver coins. That was in 1966, these coins are worth ~11 AUD now. You can still find them floating around, remember to grab them if you can. I inherited like 9 from my great grandma, feels good lol
Alexander Clark
Any labor day deals? 1oz pieces still over $29 it seems.
I have a change jar to get through, but I don't think I'll get anything - that bastard gresham.
Is anyone here legitimately afraid of confiscation? I see the argument occasionally, but it's just a meme right? The SWAT team isn't gonna break down your door to steal your 500 oz of silver and 15 oz of gold.
you are cancer and deserve death yes i bought silver, you can't ask me this time you huge faggot
Brayden Rodriguez
So do we have to pretty much create our own ethnostate within a 100,000 acre plot of land that we PM chads get together and buy in order to escape whatever globehomo shit happens within our lifetime?
what is that coin that just came out? its like a woman's face made from lines and it says "icon", i think, in the background
Lincoln Wright
yes. i did. you faggot
...checked.
Caleb Hughes
Only when crossing borders but not all borders. I'd be afraid of going into and out of the USA, Australia, Canada... you get the picture. On a per-capita basis I think parts of Europe are far in excess of America in terms of PM stacking and the secondary market is very liquid. And, people are less allergic to PM's in Europe than America. I can totally imagine American stackers trying to exit the country after they realise all is lost and having their shit packed and their stacks taken from them and accused of all sorts of shit and then either thrown in jail, barred from exit or allowed to leave but only with the shirt on their back.
Most governments will go after gold rather than silver. Americans that are smart will have already started moving their PM's out of the USA bit by bit. It's obvious the trend is in place for most Americans to migrate internally as shit gets worse but it's not going to help you long term as the USA breaks up and it becomes 5th world. In the next 10+ years.
The real question is if it's possible for Americans to leave and the answer to that seems to be: no. Europe doesn't want to deal with Americans and neither does most of Asia... though both are happy to take your money but not necessary give you normal services (like a bank account) that even people from Africa would have. This is a direct result of American Government overreach.
Smarter Americans have already gotten rid other their citizenship.
So, to answer your original question, Governments will not generally go out of their way to take your gold but they certainly will like to keep it from going out and if it's coming in to grab it.
Brandon Wood
I'll make a map of when the last Silver coin was minted for circulation in Each Country sometime.
Samuel Clark
2020 Tokelau ICON Only place I know with it is bold on presale
Asher Gomez
I don't know why but I can't stop buying copper coins. They are like $5. and 1 oz. which is like 300000% over spot. I feel weird compared to even the most eccentric internet silverbug Alex Jones type people.
You guys need to get used to being cool because there's a lot of curmudgeon vibes here is what I noticed. Needs to be more jovial.
I'm looking for a place on here to post about collecting coins and shit, no board really seems right for it.
Angel Russell
How does a complete newfag get into gold? Haven't decided whether or not to buy actual gold or stocks yet, appreciative of advice. I also live in Canada if that matters
Aiden Roberts
depends how much money you have. most people here say 1:100 Au:Ag ratio. lately pundits have said 5-10% of your total net worth is conservative. they also say "gold is not bought as an investment but as a store of wealth / hedge against inflation", which is of course bullshit because you're going to see mad gains in miners once the hangover from the retards on tech bubble 2.0 gambling their way into a crumpled up grumpy bear wear off.
there's a shit ton of money out there, it'll eventually pile into stocks of miners. I'd say buy whatever Eric Sprott is buying, that's what I'm doing (limited to holdings in Australia).
as for physical gold, it's the most faked commodity, so you probably want to go with someone reputable. this problem will get worse with time, so it also pays to look into tech that can test the metals reliably if you're looking to get into the business at all.
short term there are more gains to be made in miners. the point of PM is not to get the world's biggest hoard, it's to time your entry into non PM assets such as to get the best bang for your buck, you need assets that bring in profits (not stonks which are crap) longer term but this moment is a good time to get rich very quickly off miners.
Question for all of you. Say you wake up one fine morning [x] months from now only to find that the moon mission is happening. All your miners are green, some of your juniors even went 10x or more. the gold silver ratio is under 45. AG and AU are both soaring over their previous ATH. What do you do, and how quickly do you do it?
I ask because I'm wondering what I would do. Would it be time to sell all my miners? or are they going to have staying power as we go into a new paradigm? Would I sell off my silver to buy mostly gold? If this happened tomorrow, would I be fucked for not having a more solid plan?
Share with me your thoughts so we can all better prepare.
My plans are dependent on triggers, if they don't hit the requirements I'll just continue hodling
-Swap for 3toz Au at 1:40 -Swap for 4toz Au at 1:30 -Swap for 5toz Au at 1:20 -Swap for 10toz Au at 1:10 -Sell 100toz Ag if it can cover my entire acquisition cost of my Ag stack -Sell miners that don't give dividends when the shoe shine boy starts giving stock tips
I mean the ones you meet when you actually leave the house
Aiden Moore
Last coin minted for circulation, regardless of purity. A few countries were using multiple purities at the same time which sort of complicates things.
