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Old 07-02-2018, 09:46 PM
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gsxrjtt gsxrjtt is offline
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Anyone hoarding gold or silver ?

Didn't see anything on here about it so though it get it started. Any Gold, Silver, Platinum holders? physical bars or coins ?
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Old 07-02-2018, 11:00 PM
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I don't think "hoarding" is the right term for me but I do have some gold and silver stashed away. Mostly in US coinage from the 1800's but a few gold bullion coins and a couple of Krugerands. My favorite is a 1899 Saint Gaudens $20. Silver is mostly in $1 coins from 1878 - 1921.
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Old 07-02-2018, 11:32 PM
uabericm uabericm is offline
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Any tips or advice on where or how to buy?


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Old 07-03-2018, 12:21 AM
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I have always bought from coin shops or pawn shops. Know the price of gold before you go in.

Bullion coins like Canadian Maple Leafs or US Gold Eagles should sell for ~$25 - $30 over "spot" price. Maybe more its been a while since I bought any. Old coins like US $20 gold coins will always be more than bullion coins but their rarity will help hold their value and they won't fluctuate as much in price. If you just want to hold some gold because you think the price will increase bullion coins are an easy way to go.
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Old 07-04-2018, 07:39 PM
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You better hope for Black Swans. Gold pays no interst or dividend so you’re forgoing all that in hope of appreciation of commodity or swooning of economy. Even US Treasury Bonds are better value. If the world ends it’s harder to carry than diamonds, and most loons on the planet prefer US Benjamins anyway.
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Old 07-04-2018, 08:56 PM
bcd bcd is offline
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I think it's a bad idea to buy gold in a rising interest rate environment with a strong dollar.

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Old 07-05-2018, 10:59 PM
roadster02 roadster02 is offline
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Gold or silver Beats the crap out of that fiat money called "fed reserve notes". I sure would rather have either in my hand than that worthless paper. Try JM Bullion company, they are easy to buy from. Buy silver at .999 fine or better. 1oz or higher coins are much easier to resell than bullion bars. Gold same way.

Last edited by roadster02; 07-06-2018 at 10:17 AM. Reason: added info
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Old 07-06-2018, 08:05 AM
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Quote:
Originally Posted by roadster02 View Post
Gold or silver Beats the crap out of that fiat money called "fed reserve notes". I sure would rather have either in my hand than that worthless paper. Try JM Bullion company, they are easy to buy from.
Worthless? Have you seen what USD has done vs global currencies this year? There is probably a place for commodity/gold exposure in every portfolio but have you guys looked at a gold chart? I guess its better to buy it today than a month ago, and direction is certainly telling you something about economic fundamentals! UST curve is flat, but I dont see recession coming anytime soon while FED is tightening. Gold bouncing off late 2017 lows, after peaking @ ~$1350 3-4x in Q1. It could legitimately be headed for $1300 over next 8-12mos and could even make a case that its a good hedge for vol (most portfolios are naturally short vol). BEst case scenario is return to 2013 highs of $1425ish...~15% return...not too bad, but you're more likely looking at 4-6% ($1300). Better to write a put or buy OTM Calls and get you vol that way.
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Last edited by DHPRO; 07-06-2018 at 08:22 AM.
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Old 07-06-2018, 08:24 AM
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I look at it both sides. Right im looking at silver harder than gold. That ratio is crazy now. Much more of a chance of silver getting a better return than gold I believe. I don't trust the stock market right now so might as well throw some cash at something else.
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Old 07-06-2018, 08:34 AM
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I have a collection of silver coins, but not really held as an investment. I inherited most of them and will pass them down to my kids one day and they can do whatever they want with them. That being said, I do own shares of SLV which basically tracks the price of silver. It's price has come down in recent months.
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