PRECIOUS METALS

>>963094
its going to go up around 30$ - 50$ before the end of the year along with bitcoin.

How volatile bitcoin and gold and silver are going to be i'm not even sure why people do stocks at this day and age.

>>963094

why do you people buy minted commodities? the apocalypse isn't gonna happen. ever.

I just heard a story. Dude bought 60k in silver when it was $3 Used the bars as doorstops b/c green + 500lbs or something like that and a few coins.
2 decades later. Honey where's our silver.
what silver?
The giant green doorstops
I threw those out 3 years ago.
cant find the coins either?
nope.


Also ridiculous transfer costs.

>>963147
>not buying tangible physical gold and silver assets
>putting your money into the stock market casino lotto

Just how fucking retarded are you?

>>963204

>not buying tangible physical gold and silver assets

don't put words in my mouth

>Just how fucking retarded are you?

I know the difference between tangible and fictive value

can you say the same?

>putting your money into the stock market casino lotto

are you a hypocrite? I don't get your rationale.

>>963208
shut the fuck up. right now. i mean right now, stop posting.

Got it? okay. now go buy gold.

Thank me later.

I've been looking at daily silver prices for the last couple years, hasn't really gone over $18ozt many times, been stable at around 14-16 mostly. I think the chances of it shooting up are kinda slim, same it dropping below 14. I'd buy a stack if you got some spare cash. If the price drops further, buy a lot more.

>>963197
That's kind of an unusual way to use silver bullion. Would he do the same with gold if it was cheap? Trouble always follows dumb people.

>>963094
>Is silver a good thing to buy right now?

Depends how paranoid you are. Buying precious metals is going long on fear. The only benefit being it will never go to absolute zero but you can still lose a ton of value.

>I also wouldnt mind waiting 6-18 months if you guys think prices will drop.

I think silver is going to continue to correct near it's late 2008 low of $9.50-ish an ounce personally. I've been buying here and there on the way down.

>How to predict this?

You can't. Educated guess is about the best you can do and even that is probably a little better odds than a coin flip.

Buying coins isn't a good idea if you're purchasing them solely as an investment. Even if we're assuming you're buying over 500 Oz for a bulk discount - you're looking at over 20% over the spot price. That's a lot of wasted money.

Bars and rounds are what you want. Preferably bars. You want the nearest to spot price as possible.

>>963926
Metals aren't "long on fear" unless you're a Republican. Nominally and traditionally, metals holdings are hedges against dips in other markets. The only time you can truly profit from it is either if there's a shitton of manipulation going on (like the Hunt bros pulled in the 80's) or when ignorant cunts buy it up and demand delivery (like what happened after Obama won the Presidency, hence my "Republicans" comment.)

I wouldn't say down to $9-$10, but JPM and HSBC are both going short on silver futures on 12 month contracts at about $12 an ounce. My bet is about $11-13 range.

As for the buying in bulk, you're absolutely right. Best way to actually buy silver is to buy a contract and require delivery. Only issue is funding. Contracts where you are expecting delivery can't be leveraged, so whatever your contract is (normally 2000-5000 ozt) has to be paid before delivery. Even if JPM is right and it dips to $12, you're looking at $24-25k plus broker fees, plus depository fees (you can't ship it right to your house,) plus settlement fees to a mint to turn it into something smaller than 70 pound bricks (unless you're willing to invest in a melt furnace, crucibles and molds, plus do the work yourself.) Beats spot, beats the hell out of the secondary market, but very, VERY expensive.

>>964210
Wait so I can make my very own Li_Sheng Denominational Silver for like 30k, and sell it to paranoid tinfoilers @ 20%+ markups. Awww yissssss

>>963883
I like to put my 1kg silver bars in the freezer. Because silver has the highest conductivity of anything ever I can cool stuff down with them really fast.

Go to >>>/pol/

>>>/pol/

>>963141
what exactly is the catalyst for silver doubling within 6 weeks?

>>963094
how many times do we have to tell you weenies that precious metals are not for investing they are things you buy once you already have a lot of money and want to secure it

File: image.jpg (280KB, 2048x1536px) Image search: [Google]

280KB, 2048x1536px

I just bought 2000 unces because of you Guys!
How fuckt am i?

>>964880
kaiserlich

>Touching silver or gold as we fucking enter deflation

What the fuck are you doing?

Wait until inflation ticks up you goddamn retards.

>>963094
>Looking to buy mainly for if something bad happens to our economy, I want actual money not paper for trading, etc.

Holy fuck this type of thinking is annoying. Metals may be tangible but they're not some inherent, fundamental unit of money that magically stay stable and in demand no matter what. Money is essentially a medium of exchange, and its value lies in its demand. Electronic wealth is no less authentic than tangible wealth so long as there's demand for both.

>>964210

>JPM and HSBC are both going short on silver futures on 12 month contracts at about $12 an ounce

Link? Very intrigued, been watching silver for a few years, just glancing last six months and my long term view was 14 low, which is all I need really.

>>963094
Why buy junk silver when you can pay 6 pennies more for good, brilliant uncirculated silver eagles?

>>964236
Why yes, yes you can (issue is if you want a company to do a real mintage on something there are extra costs. Tool and die work will be the biggest (although that's not as bad anymore since high speed CNC machines are cheaper now.) Look at companies like Silvertowne, NTM and MPM. You send them metal, they'll send you rounds or bars (usually at about 15%.)

>>964923
Looking for it for you, it was on Marketwatch a couple of weeks ago (2 or 3 I think.) Their site archive is shit so it might take me a bit.

>>964945
If you're buying for bullion value, why would you spend more (even if it's just 6 cents per ozt,) on eagles. Hell, why buy eagles at all? A roll of junk/cull Roosevelts will be at least $1 less per ounce than an Eagle, and US minted currency is accepted exactly the same way as US minted bullion. I do feel the need to correct you though. In the bullion "world," a minted ounce is never referred to as "junk," even when it's a beater. Junk silver is *always* a circulated coin who's numismatic value is less than it's silver content. There are junk gold coins, junk copper coins and the like. A bullion device (such as an Eagle, Maple, Phil, Panda, etc,) is not a numismatic device and by default has no numismatic value.

As an aside to all that, it pisses me off when modern bullion rounds get passed off as numismatic coins. How the fuck can a company like APMEX presell "MS-70" eagles? You can't sell it as graded until it's graded, and if you "know" you have MS-70's, odds are they're not and even NGC is ripping you off.

Maybe ill wait a lil bit...

>>963094
>metals
>precious

In LOTR maybe.

>putting your money in the wall street stock casino
>not investing in tangible physical gold and silver you can touch

How are you all so retarded??

>>966040
And here we see a shill for Monex or Goldline or whichever is the sleaziest broker out there now. Good job, shill, you've earned your half-shekel today.