Silver and Gold stash

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  • jollymon

    Active Member
    Dec 6, 2016
    852
    Now in Tennessee ,
    Have any of you been adding silver and Gold to your preps, I've been putting US pre 64 coins away , It's actually part of my monthly budget and any windfall goes to Gold , needless to say I'm not that deep in Gold , I've limited my Silver Bars and went with US silver coins because everyone knows what they are and if you have to use them people won't hesitate to trade with you . Just wondering if any of you see this as a sound approach .
     

    Growler215

    Ultimate Member
    Dec 30, 2020
    2,170
    SOMD
    I usually buy precious metals when there is a Republican in the White House. The prices are a lot better....

    When a Democrat is President, it's more of a selling opportunity. I'm not selling right now, though. What I have is enough for insurance against hyperinflation, but without enough gold/silver left for speculation.

    All that said, your approach (dollar cost averaging) makes sense as a way to accumulate a hyperinflation insurance supply.

    And junk silver is a good way to go. I used to buy a lot of junk silver on ebay, especially when I was getting 10% ebay "bucks" as a reward.
     

    SKIP

    Ultimate Member
    MDS Supporter
    Mar 5, 2009
    3,248
    Glenwood/Glenelg
    I'am not into precious metals but my Mom gave me $100 of silver Kennedy half dollars. I believe pre 64 was all silver. They are in a bank security box.
     

    Harrys

    Short Round
    Jul 12, 2014
    3,362
    SOMD
    Diversifying in precious metals is a good bet for now and in the future. Gold prices in the 70s were about $38.00 per ounce gold prices today are about $1800 per ounce. Also, the best thing Uncle Sam has no clue what you have. If you bought gold in the 70s you have a 470% increase in wealth. They cannot tax you on what they do not know what you have. Also, investing in precious metal IRAs is a joke. You have no control on the company and do they really have piles of gold set aside for you? Not really they diversify by reinvesting in other businesses and prosperity. Some invest in gold futures which is really risky.

    In short buy direct and keep it yourself.
     

    smokey

    2A TEACHER
    Jan 31, 2008
    31,412
    As a man of culture, I too have been investing in precious metals.
     

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    Mightydog

    Ultimate Member
    MDS Supporter
    Remember buying 1oz silver Prospectors from the coin seller kiosk in Sears years ago. Everytime I went into Sears I would buy a couple. Think I paid maybe $7/ea. Same with 10oz bars. Never get rid of your precious metals.
     

    Johnny5k

    Ultimate Member
    Nov 24, 2020
    1,021
    Any silver stackers still out there?

    I'm seeing a lot of reports of the comex vaults being emptied. Premiums are insane. A billionaire (rumored to be a Wal-Mart heiress) bought 900,000 silver eagles for 50 million dollars. I think they were unable to fill the full order, and she ended up taking some in gold. Industrial demand is high and growing faster than ever. Hoarding demand is higher than ever. The dollar is strengthening (relative to other fiats), among many other parallels of the last silver run.

    Any thoughts?
     

    Doctor_M

    Certified Mad Scientist
    MDS Supporter
    Just picked up 10 oz this weekend... just because it is impossible for us to walk out of an antique store without making a purchase of some sort. Dealer was there and sold it outright (directly), so we saved the tax.... came out to about $8 bucks above spot total, so I think that was pretty good.
     

    IronDuck

    Active Member
    MDS Supporter
    Jan 11, 2021
    488
    Frederick ish MD
    My friend is urging me to dump some stock and buy $11,000.00 worth silver right now, a Monster Box. He says he has 7 "Monster Boxes" ?? and intends on buying 2 more. Whats a "Monster Box" is that his slang or? I have been buy slowly over the past few years. Just grabbing 1, 5 or 10 oz bars or a few rounds at a time. Won an online auction the other week, only 4, 1 oz rounds but it worked out to just a few pennies over $20. an oz with shipping.
     

    Johnny5k

    Ultimate Member
    Nov 24, 2020
    1,021
    My friend is urging me to dump some stock and buy $11,000.00 worth silver right now, a Monster Box. He says he has 7 "Monster Boxes" ?? and intends on buying 2 more. Whats a "Monster Box" is that his slang or? I have been buy slowly over the past few years. Just grabbing 1, 5 or 10 oz bars or a few rounds at a time. Won an online auction the other week, only 4, 1 oz rounds but it worked out to just a few pennies over $20. an oz with shipping.
    Monster Box is a full box from the mint which consists of 500 silver eagle coins. Or canadian maple leafs. I'd recommend buying half at a time, you can buy the actual box (green for US, Yellow for Canuckistan) online pretty cheap. In MD, purchases over 1k have no sales tax, and purchases above 10k are reported.

    1660862357246.png



    The premium on eagles is insane right now, I wouldn't recommend them.
     

    Norton

    NRA Endowment Member, Rifleman
    Staff member
    Admin
    Moderator
    May 22, 2005
    122,856
    My friend is urging me to dump some stock and buy $11,000.00 worth silver right now, a Monster Box. He says he has 7 "Monster Boxes" ?? and intends on buying 2 more. Whats a "Monster Box" is that his slang or? I have been buy slowly over the past few years. Just grabbing 1, 5 or 10 oz bars or a few rounds at a time. Won an online auction the other week, only 4, 1 oz rounds but it worked out to just a few pennies over $20. an oz with shipping.
    I love me some shiny stuff, but the only way in the world that I'd be putting that kind of a lump sum into it is if I had a paid off house, paid off late model car, no other debt, and then an IRA and 401K that had a porn star level of assets in that rendered that $11,000 no more than a series of lottery tickets.

    $11,000 into an illiquid asset like that in one shot is a HUGE gamble unless you are in such a position of fvck you that it just doesn't matter.

    Again, I like shiny things, but damn.
     

    Johnny5k

    Ultimate Member
    Nov 24, 2020
    1,021
    Just picked up 10 oz this weekend... just because it is impossible for us to walk out of an antique store without making a purchase of some sort. Dealer was there and sold it outright (directly), so we saved the tax.... came out to about $8 bucks above spot total, so I think that was pretty good.
    What were the 10oz?? If it was one 10oz bar, the premium was high. If it was 10 silver eagles, you did very well.
     

    Johnny5k

    Ultimate Member
    Nov 24, 2020
    1,021
    I love me some shiny stuff, but the only way in the world that I'd be putting that kind of a lump sum into it is if I had a paid off house, paid off late model car, no other debt, and then an IRA and 401K that had a porn star level of assets in that rendered that $11,000 no more than a series of lottery tickets.

    $11,000 into an illiquid asset like that in one shot is a HUGE gamble unless you are in such a position of fvck you that it just doesn't matter.

    Again, I like shiny things, but damn.

    I don't understand. It's one of the most liquid assets you can own. Its not a gamble or an investment, its wealth preservation.
     

    Norton

    NRA Endowment Member, Rifleman
    Staff member
    Admin
    Moderator
    May 22, 2005
    122,856
    I don't understand. It's one of the most liquid assets you can own. Its not a gamble or an investment, its wealth preservation.
    I can sell off a stock in a nano second and react to market forces.

    $11,000 into a pile of metal? That is a major pile of cash locked into something that 99.9% of the people on the planet have no established value system for and for which there is no readily available market.

    Again, I like metals, but $11,000 at a time for anyone that I know leaves me questioning if more traditional means of wealth preservation are taken care of first. If so, party on.

    My net worth is pretty high despite the current economic buggery, and we have no debt other than a small mortgage and I can't imagine a one-time drop of $11k into metals.

    Again, I like shiny stuff.
     

    Atomevolution

    Member
    Mar 29, 2014
    90
    I feel like having a part of your portfolio in metals is a good idea. They've done very well historically and don't seem to have indication that the value won't continue to increase. Silver and gold are finite after all.

    To Nortons point, it is nice to be able to hit a button and sell an asset in seconds. It's also nice to not have to sell a physical good to get money out of it, especially when you're talking about thousands of dollars of metal. Metals are a bit more stable than most ordinary stocks though and don't typically have the wild fluctuations a stock could experience.
     

    Norton

    NRA Endowment Member, Rifleman
    Staff member
    Admin
    Moderator
    May 22, 2005
    122,856
    I feel like having a part of your portfolio in metals is a good idea. They've done very well historically and don't seem to have indication that the value won't continue to increase. Silver and gold are finite after all.

    To Nortons point, it is nice to be able to hit a button and sell an asset in seconds. It's also nice to not have to sell a physical good to get money out of it, especially when you're talking about thousands of dollars of metal. Metals are a bit more stable than most ordinary stocks though and don't typically have the wild fluctuations a stock could experience.
    I should also say I've played the heck out of SLV and GLD as ETFs and made some decent money.

    I bailed way to early on GLD, in hindsight, but it was a good haul.

    I'm stacking 10 shares of SLV every week no matter what asong as it's under 20.00
     

    Jim12

    Let Freedom Ring
    MDS Supporter
    Jan 30, 2013
    33,861
    I don't understand. It's one of the most liquid assets you can own. Its not a gamble or an investment, its wealth preservation.
    I don't understand. Just duck-duck-go'ed silver monster boxes.

    Results showed many sites sell them.

    But no ads offering to buy them.

    Liquid?
     

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