expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Item 1 of 1
expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)
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"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar . Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""
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If US dollars fail, we will be in a sort of trouble a safe full of silver eagles won't solve. That said, I'm not entirely vested in fiat either, but I don't own physical silver or gold.
...if it comes to a barter situation, I'd rather have ammunition, fuel, and food to be honest.
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Whatever the fate of fiat, "precious" metals, and crypto, we're surely gonna be in for a hell of a ride in the next few years to decades, unlike anything humanity has ever seen. It's gonna be a rude awakening for most of us.
If it's still around after i get my Costco cash back certificate later this month, I'm in for one.
Whatever the fate of fiat, "precious" metals, and crypto, we're surely gonna be in for a hell of a ride in the next few years to decades, unlike anything humanity has ever seen. It's gonna be a rude awakening for most of us.
Dollar purchasing power is down 60% or so since 2015.
So silver is doing it's job as a safe store of value.
no it's not AT ALL. 2011 and 2012 it was much higher than it is now. Gold has been a poor store of value as well since the same time frame.
"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar [100 oz gold or (5) 1,000 oz silver bars]. Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""
https://washingtongoldexchange.co...pot-price/ [washingtongoldexchange.com]
You've hit on an important point about gold. It goes through decade long periods of huge gains followed by decade long periods of bouncing around in a trading range. It's not something that just goes up 5-10% every year, maybe it would be if it wasn't traded on the futures market.
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How exciting!
Wait, do they do this with special $100 bills too? Can I buy fresh $100 bills for $117 each? Please do share if so!!
I know what metals are for in portfolios, traditionally, although they haven't served as a hedge against inflation the last few years very well.
We aren't considering the stability of fiat in a backwater state run by warlords, this isn't post WWI Germany, and we aren't in medieval times. In a modern international financial structure with many integral participants, the fate of dollars, euros, yen, and yuan are largely intertwined. If the dollar collapses, the world economy is following or will follow, so don't expect a pocket full of kruggerands to save the day.
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