expired Posted by irobot73 • Sep 19, 2023
Sep 19, 2023 11:40 AM
Item 1 of 2
Item 1 of 2
expired Posted by irobot73 • Sep 19, 2023
Sep 19, 2023 11:40 AM
5-Count of 1oz .999 Fine Golden State Mint Buffalo Silver Rounds
(Spot Price) + $8 S/H~$122.30
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No one buys gold thinking it will make them rich.
Silver Eagles and Maples are always going to cost more than these but are also more desirable. Eagles were selling around $35 - $40 each(awful price) 6 months ago but have since dropped to around $27.00 ea.
Silver and gold metals are a pretty volatile market but if you watch the spot price on kitco you can see the price history and the current spot daily. Buy when the price dips hold when it climbs. spend a little buy a little or a lot what ever your comfortable with.
In 2011 when silver hit $50 an oz. a lot of people made a killing selling there silver they had bought for around 1/4-1/2 half that price Silver may never go that high again but then again it may go higher only time will tell.
One thing to think about is when you buy silver your not just spending money your transferring money for money.
Gold Eagles are from a government mint
Gold Buffalos are from a government mint
Silver Maples are from a government mint
Silver Eagles are from a government mint
Silver Buffalos are not from a government mint
This is why silver Buffalos are more "affordable". Whether you want to collect those, that's your personal decision. But you were comparing apples to oranges.
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Sort of. Depends on what else you would have put that $$ in, and don't forget you aren't actually losing money unless you sell. If you'd just put that $$ in a (zero interest) savings account for literally 3 years while inflation has been about 18%, you'd be sore. In DJIA, you'd be up about 26% and SP500 up about 32%. In silver you'd be down about 3%, gold about even (not accounting for overall inflation).
The worst position to be in would be cash (with no return) obviously.
Anywho, if you are new to physical metals especially silver, just buy silver eagles from the mint. They are probably the most heavily traded item in silver. For this deal I bought a couple of eagles on sale to push it into the free shipping area.
I keep my metal in a secure vault guarded by sharks with laser beams on their heads, while I sit beside the fireplace in my smoking jacket while petting my hairless cat. Muhaahaahaa (maniacal laugh).
The worst position to be in would be cash (with no return) obviously.
https://www.jmbullion.c
Gold has some industrial uses, but due to its prices, they are very limited.
Beyond that, you don't know what the requirements will be when you do sell. Either through technology or regulation, at some point all transactions will likely be reportable and reported.
The transaction structure for metals is very robust for buying; they don't tell you that selling is, at best, a bit of a hassle.
https://www.jmbullion.c
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