Let's discuss our Metals investing

[mjmjr25]

Greetings!

So - with standard bank savings accounts being at less than a quarter percent (well under inflation) and even CD's in most markets being at 1% or less (again, under inflation) and with metals continuing a steady rise - i've begun transitioning my money that way.

I'm curious if any of you are doing the same?

What tips do you have to share?

Where do you buy / sell your metals?

Currently I have less than 10K in metals, but i'm steadily rectifying that. I have Palladium, Platinum, Gold and Silver. Heaviest on the Silver so far - but looking to get heavier into Gold and Platinum.

 

[jesesfbi]

I would do the same if I could afford it.(Until I graduate college I wont be doing it lol)
Only problem for me is idk where I would store the metals besides getting a very big safe bolted in the garage lol

 

[RevQuixo]

I would do the same if I could afford it.(Until I graduate college I wont be doing it lol)
Only problem for me is idk where I would store the metals besides getting a very big safe bolted in the garage lol

... quoted for posterity.

 

[ki_atsushi]

Precious metals aren't always a sure bet, in 2009-2010 the prices were at an all-time high but slid back down afterwards.

I have an uncle that lost quite a bit of money from that...

 

[NeoSneth]

I don't invest in Metals.
It's not a terrible idea, but it is subject to crash like any commodity.

 

[funkified]

Looking at the prices of gold and silver the last year or so they have really come down from the boom they saw in 2011-2012

I think though at the end of the day, precious metals will always have some sort of value in this world.

Like when the world goes to shit one day and paper money becomes worthless. Gold, silver and other limited commodities will be used to buy, barter and trade. Are we gonna be trading games to get food and guns? Hell no!
So really it's not a bad idea to invest in it. Just hide it, and hide it well!

I worked with a guy that devoted his life to making money, investing and hoarding silver . He would buy silver coins and bury them in secret locations and only tell his dad where it is lol.

 

[GutsDozer]

I feel gold is always a safe investment. in a apocalypse situation Ammo and gold will be the king of currency.

 

[mjmjr25]

I certainly treat it as both an investment and as a hobby.

I collect things, I display things, but most things depreciate the second you open them.

In collecting metals - I don't just buy an ounce of silver, I buy a 1oz silver coin. Some things i'll display, others i'll keep in my bedroom in a book, and then the pricey pricey stuff is in a safe.

I'm definitely not moving everything this direction - but i'm wanting to diversify and has been pointed out, metals are slightly down right now so a good time (I hope) to put more into it, AND they'll always have value; which can't be said for most things.

 

[Karou]

dang 10k eh? I guess I'm poor and dumb(?) so my advice should probably taken as the word of god just because.

anyhow here goes, dump the cheap stuff and go gold and platinum. reasoning? rarer things appreciate more.
have any nice quarters?

I don't

 

[SNKorSWM]

Read this as "Let's discuss our Metalslug investing"

 

[ki_atsushi]

If the economy really goes to shit then metal will be worth nothing... better to invest in something with utility, like guns, bullets, and tools.

 

[MySoberCompanion]

If you have a low risk inclination is not a bad idea. But try always to variate your wallet, for example one third in metals, one in low risk obligation and another in bond.
You can change the percentage on your preferencies, but in the long time you should remunerate at least a part of the investment.
Until China grows up gold could still have a good value (they enforce their reserves), but nobody can see in the future of the next 20-30 years.

How is the real estate situation in USA?

 

[Opethian]

Palladium
Rhodium

feels good man

 

[Lagduf]

bullets.

And primers, and powder, and cases.

 

[LegoSlug]

Plastic:

http://www.brickpicker.com/

 

[GregN]

Investing in metal bands is hit or miss mostly miss. Kids these days don't listen to metal.

 

[ahcmetal]

Indeed...I too have been thinking of branching out a bit more with investments...the last few years have been solely dedicated to paying off any and all debt and maxing out the RothIRA contributions...

 

[BeaglePuss]

As far as metal goes, I've invested the most amount of time into Ghost recently.

 

[awbacon]

I have pounds of silver, drawers filled with it actually. Except I think it's plated and I eat with it? Man I dunno how this investing crap works!

 

[mjmjr25]

If the economy really goes to shit then metal will be worth nothing... better to invest in something with utility, like guns, bullets, and tools.

If we live in a world where real currency is guns and bullets - people will be taking / stealing what they need anyways, thus no need to invest. I'm not too worried about that.

Gold and Silver, however, have been traced back as currency for over 3,000 years, and most historians suspect twice as long as that. When countries engage in debt and debt pay off, it's bonds, but backed by metals.

 

[mjmjr25]

Last week gold and silver dipped and some people panicked. My friend commented to me that I just cost him10K. I'd been barking at him for years now diversify and get some metals. His argument was it keeps going up and he can't justify buying at peak of market (yeah, I know...).

So anyways, he'd finally caved and bought 10 oz from APMex a week ago Tuesday night, physical gold. It was a pre-order bar so it still hasn't shipped. Meanwhile, market overreacted to a Trump announcement as it's want to do and when he looked at his order the following morning - the same order would have been $9,200 cheaper.

He texts me, losing his mind. I tell him to relax, wait 36 hours, all of the good investors are going to swoop in now and buy the discounted gold. He wasn't buying it at first but he's cooling off now. Order still hasn't shipped of course...

At any rate, got me thinking of this thread from...11 years ago...gold was $1,287 in August 2014. Silver was $19. Palladium $904. Platinum $1,424.

 

[kernow]

He bought it at near it's highest? I was buying 50g bars for about £2k odd

 

[neo_mao]

Last week gold and silver dipped and some people panicked. My friend commented to me that I just cost him10K. I'd been barking at him for years now diversify and get some metals. His argument was it keeps going up and he can't justify buying at peak of market (yeah, I know...).

So anyways, he'd finally caved and bought 10 oz from APMex a week ago Tuesday night, physical gold. It was a pre-order bar so it still hasn't shipped. Meanwhile, market overreacted to a Trump announcement as it's want to do and when he looked at his order the following morning - the same order would have been $9,200 cheaper.

He texts me, losing his mind. I tell him to relax, wait 36 hours, all of the good investors are going to swoop in now and buy the discounted gold. He wasn't buying it at first but he's cooling off now. Order still hasn't shipped of course...

At any rate, got me thinking of this thread from...11 years ago...gold was $1,287 in August 2014. Silver was $19. Palladium $904. Platinum $1,424.

You should let your friend fuck your wife. It’s only fair.

 

[fake]

I invest in dinosaur fossils

 

[racecar]

Better then

Last week gold and silver dipped and some people panicked. My friend commented to me that I just cost him10K. I'd been barking at him for years now diversify and get some metals. His argument was it keeps going up and he can't justify buying at peak of market (yeah, I know...).

So anyways, he'd finally caved and bought 10 oz from APMex a week ago Tuesday night, physical gold. It was a pre-order bar so it still hasn't shipped. Meanwhile, market overreacted to a Trump announcement as it's want to do and when he looked at his order the following morning - the same order would have been $9,200 cheaper.

He texts me, losing his mind. I tell him to relax, wait 36 hours, all of the good investors are going to swoop in now and buy the discounted gold. He wasn't buying it at first but he's cooling off now. Order still hasn't shipped of course...

At any rate, got me thinking of this thread from...11 years ago...gold was $1,287 in August 2014. Silver was $19. Palladium $904. Platinum $1,424.

Better then Down 300……..k