what do you guys think of precious metals?

dank smoker420

dank smoker420

Well-Known Member
there are many ways to purchase/ manage precious metals. what do you guys like to do? I am thinking about starting a pool account to buy low and sell high to make a little extra money. i am wondering if anyone on here does something similar and how they are doing
 
i wish i did something similar, i feel precious metals will be the only thing of value before my lifetime is up.
 
aknight3 said:
i wish i did something similar, i feel precious metals will be the only thing of value before my lifetime is up.
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food bro, food will always have value. The price of food is only going up. Gonna go way up if the midwest experiences another drought this yr.
 
Balzac89 said:
food expires
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No, it's quite easy to trade softs and grains. You obviously don't take delivery of your investment. Storage is covered by the spread ( diff between Bid and ask)

Peraonally ive made substantial profit from physical leverage sugar and zinc, but hey that's me!
 
lahadaextranjera said:
No, it's quite easy to trade softs and grains. You obviously don't take delivery of your investment. Storage is covered by the spread ( diff between Bid and ask)

Peraonally ive made substantial profit from physical leverage sugar and zinc, but hey that's me!
Click to expand...

Well good for you, but personally fuck that.

I hate how doomed the financial market is I refuse to put anything into it. I buy gold and silver bars and rounds.
 
No doubt that the precious metal business is great. You will earn good by purchasing at low and sell at high. But the difficulty came at who will buy such kind of precious metals. I think you should contact with jewellery dealers and other person who are able to buy these metals.
 
all the gold ever mined only fills two Olympic swimming pools, 'no guts no glory'
[video=youtube_share;SSST23SGp04]http://youtu.be/SSST23SGp04[/video]
 
I hold a little silver and gold in case of whatever may happen...but as far as a hedge against inflation, etc lol just look at a chart of gold from 1980-2000. Much better to invest in yourself if you see a way to make some money or something you use every day, for example an on-demand water heater, solar panels...something that will reduce your bills. As far as buying low and selling high..one has to be very very disciplined to make it over the long term, precious metals are very volatile when priced in fiat currencies. I would suggest finding someone with a great trading record who does the daily trade setup alerts by email and video. Chris Vermeulen is a prime example. For $15 a month anyone who can figure out how to run a trading platform can trade like a pro. You can google him and he frequently has articles on Kitco.com
 
Why do people concern themselves over what they can sell their gold or silver for? Gold and Silver are MONEY, why would you trade a hard tangible money for a piece of paper that continually loses purchasing power as time goes on?

Its not about how many dollars you can get for your PM, its how much PM you got.
 
Selma said:
No doubt that the precious metal business is great. You will earn good by purchasing at low and sell at high. But the difficulty came at who will buy such kind of precious metals. I think you should contact with jewellery dealers and other person who are able to buy these metals.
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Why a jeweler? Jewelry only makes up 20% of the use of silver. Silver is the most important metal on earth. without silver there are no electrical devices, no electronics, no solar panels, no formaldehyde, no computers or cell phones, no missiles, no war heads, no cars or trucks, no airplanes or just about anything modern is possible without silver. Nothing that uses electricty is possible etc etc etc.....only about 10,000 different things that can only be made with silver. Every ounce of silver mined in the USA is used to make coins, every ounce. None of it is used to make jewelry.

If you want to sell your silver just go to a broker/coin dealer/PM Dealer and never take less than the spot price.

Even little towns of 10,000 people have a coin shop.

It is simplistic to find a buyer for precious metals, not even remotely difficult.

Only stupid people will sell their PM to companies like GoldTimes or send their jewelry into be appraised at 1/4 spot price. Those people are the suckers.
 
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