Buying silver or gold, where do you buy from?

I like to laugh at people who make fun of gold and silver buyers.

They'll say "you can't eat the silver. "

While that may be true, in a post collapse world, having a medium of exchange will be preferred to barter.

For that reason I like to buy old mercury dimes. Nearly solid silver. Yet small. I have a feeling that owning a silver dollar will be like a hundred dollar bill today. And you can't change it.

I like larger silver coins too, but I buy the dimes any chance I get.

grovacado said:

They'll say "you can't eat the silver. "

.

Click to expand...

I always reply "you can't dollars either"

Silver will never be worthless and will only become more scarce.

grovacado said:

I like to laugh at people who make fun of gold and silver buyers.

They'll say "you can't eat the silver. "

While that may be true, in a post collapse world, having a medium of exchange will be preferred to barter.

Click to expand...

I like to laugh at people who say things like "in a post-collapse world"


LOL

mr lovah said:

I like to laugh at people who say things like "in a post-collapse world"


LOL

Click to expand...

Keep laughing and living in your own little self centered world. Blind to everything that's going on around you. I can bet you watch Fox News, or CNN don't you? When the shit does hit the fan and your listening to Bob Marley's Three Little Birds, the ones who prepared will have the last laugh. Good Luck.

If currency did crash.... Wouldn't our governments scavenge remaining stores of silver and gold amongst other useable commodities? You got a private vault? Keep it to yourself.

jjfw said:

then why do people buy silver and gold?? I'm talking long term. As I said, my last involment, few years ago I doubled all my buys. But why do people buy silver and gold,,,,,,,,mr lovah?

Click to expand...

Silver and gold are hedges,10% of your portfolio at most! You can make money scavenging silver.U can't make a living at it tho.Here is how you can do it and what you need. You will be making loans on silverware and if you are lucky coins. In my state pawn type loans between individuals is legal. Check the laws in your state, You will need a descent place to meet,a safe, a larger scale, some advertising ideas, a knowledge of silver markings ( knowing about silverware is not needed).ability to check with locale PD on stolen silverware, and a collateral loan agreement, buy one off the internet, get a pawn shop contract, blend the two. Very Clear and Iron clad on the assumption parts and times of action in the contract.Once you have the contract form You have the keys to the kingdom you can fill in the blanks and make high equity high interest rate loans on anything you feel you know the value of. My loans were mostly 40% silver value, 50% once on a 3 set deal.One time payment. Maybe a little longer repay period. The sets I eventually owned I sold at Jewelry auctions and was happy.

Gold has rallied the last three times off the .618 retracement of there legs up up so if you believe Gold is going up now would actually be the time as its sitting on the .618 retracement I mean how low can it really go right....

Silver seems to be down, housing is up. Might buy a little bit of silver. @lahadaextranjera may be keeping an eye on it.

jjfw said:

several years ago I was paying $18 to 20 for silver eagles, proofs about 25 to 30. When I sold, I double all, in the 43-45 range. Had a fractual 1/4 oz gold buffalo, pd 280.00, sold for 1100.00. Well I did good, but at the time, I needed it. Then I was collecting, now I want to buy to make money,, for the future that is. Use to buy from the us mint and ebay and coin shows. Now I want to get involed with silver bars and so on. Who does everyone deal with, how bout JM bullion and free shipping? silver.com is another, shipping is 5.95, orders below 299.00. Well I 5fell for silver, it's time to buy, then sit on it till the time comes, again, Any advise on where to buy?? I think when I was buying from the us mint, shipping was free, not now.BGASC is another seller, many more. Who's your favorite?

Click to expand...

Careful. I read that U.S. bullion was being sold with fake cores. Watch some youtube videos.

I trade gold futures. Best/worst of both worlds this way. I can make or lose money when it goes up or down haha!

I have a nice parcel of gold shorts that I've held from like $1720. It's at $1076 last I checked. Retirement fund

jjfw said:

then why do people buy silver and gold?? I'm talking long term. As I said, my last involment, few years ago I doubled all my buys. But why do people buy silver and gold,,,,,,,,mr lovah?

Click to expand...

I think it's a doomsday thing. In case the paper currency crashes.

You can always trade hold/silver ETF's on the stock exchange and commodities markets. Or the miners. There are tons of options but, you have to watch for contango or natural decay. You'll have to study up hard on all that or you'll get your ass handed to you fast. It's been several years since ive traded anything, and only have limited experience in the metals markets anyway. Good luck man.

outlier said:

I trade gold futures. Best/worst of both worlds this way. I can make or lose money when it goes up or down haha!

I have a nice parcel of gold shorts that I've held from like $1720. It's at $1076 last I checked. Retirement fund

Click to expand...

could you explain how that works to a finance illiterate? you bought at 1720. go from there please

rkymtnman said:

could you explain how that works to a finance illiterate? you bought at 1720. go from there please

Click to expand...

I short sold at 1720, not bought. That means I'm essentially "betting" that the price will go down. And make a nice profit from it doing so

If the price had of gone up again instead of down, I would have lost money. If I bought gold futures contracts at 1720, I'd be one unhappy chappy right now looking at the price back near 1000.

I don't really understand the market all that well..

Who in their right mind would think gold was going up from 1720 anytime soon?

outlier said:

I trade gold futures. Best/worst of both worlds this way. I can make or lose money when it goes up or down haha!

I have a nice parcel of gold shorts that I've held from like $1720. It's at $1076 last I checked. Retirement fund

Click to expand...

First off, congrats to you on making a successful trade. Here are some things that we know are true. These are not conspiracy theories or other bullshit but verifiable facts:

Gold and Silver have been manipulated lower through naked short selling and price fixing.
Global Equities have been pushed up by the same entities that have been suppressing gold and silver.
Bond prices have been pushed up by the same entities that have been pushing global equity prices up and gold and silver prices down forcing rates to unprecedented levels and even negative in many Eurozone areas.

De-dollarization continues to pick up speed.

Something to think about while holding shorts at already extreme lows. I sure hope you don't go bed on a Friday and wake up on a Monday with a repricing.

Corso312 said:

I don't really understand the market all that well..

Click to expand...

Well no shit! Are you even literate enough to read?

Corso312 said:

Who in their right mind would think gold was going up from 1720 anytime soon?

Click to expand...

Dude said he sold short! If you don't understand the market why did you even respond to this thread! Buy a book. Learn to read first tho.

Peace and love.

GrowUrOwnDank said:

Peace and love.

Click to expand...

Really?