Darn you SD. I do like Scottsdale Mint. Their soon to be location in Casper WY got me looking at the cowboy round. In conjunction with this brief dip at about $25 a piece, they won't last long.
https://sdbullion.com/1-oz-sco...ver-round-tube-of-20

LS1 GTO: Thanks for the mention of Blue Vault. Good to have a local source; and they do have safe deposit boxes.

quote:

Originally posted by Fly-Sig:
Timing the market is usually a bad idea.

Timing the market would be great if one had a functional crystal ball. The problem for most of us is that we can only see the right timing in retrospect when it is too late.

So slickdeals notified me of this deal for new customers of SD Bullion. The price will be updated upon checkout to reflect today's current pricing which is lower than that of the original offer. - SD 5oz deal at SPOT

^ sounds good. I don't know if we're headed below $22 but premiums have come down. However, this wrecks havoc with production and mining and the cycle continues.

Timing the silver market:

1.5 oz coin/round (don't tread in me) for $50. Not bad.

https://sdbullion.com/2023-1-5...d-on-me-silver-round

Am I missing something? Seems like a 37% loss on purchase?

quote:

Originally posted by Aglifter:
Am I missing something? Seems like a 37% loss on purchase?

Right away, yes. You're not going to turn around and sell silver for a profit in a few months or even a few years.

People who buy precious metals like gold and silver seem to fall into three basic camps:

A) They're diversified investors who want some as part of their investment portfolio as a long-term holding over decades, to help offset the value lost by inflation if that same amount was just sitting in cash, plus historically it acts as a hedge/counter to stocks, going up when the stock market goes down. (Though silver specifically doesn't have a great return on investment over even the long term, with an inflation-adjusted return of just ~1.2% APR over the past 50 years.)

B) They're speculators who think/hope there will be some historical event sometime in the short- to medium-term that will cause the price of gold and/or silver to rise dramatically, at which time they can sell for an easy big profit.

C) They're preppers who think that the current financial system will collapse, and precious metals will return to use as currency, or at least be viable as trade barter.


Personally, I fall into Camp A (but wouldn't mind being in Camp B if the right opportunity presents itself). I have a little bit of gold and silver, roughly 4% of my total investment portfolio, which is further split into about 70% gold and 30% silver. But I don't have plans to acquire any more at this time. Especially silver with its current ridiculously inflated premiums.

I saw this yesterday and pulled the trigger. "You only get flak when you're directly over the target". Yeah, 33 trillion debt on its way to 50. Real money seems like a reasonable insurance policy.

The Great Gold & Silver Rush of the 21st Century https://a.co/d/2rUEIEs

Pretty wild ride the last few weeks, eh?

Popped in to check the new post(s) here and decided to look at the silver spot price charts.

It's interesting to me how at the height of the plandemic silver actually plummeted the same as everything else.
Should it not have sky rocketed? If one believes it will be their form of currency during a collapse, well, it just doesn't seem so.

It's all manipulated through the paper futures market. All one can do is take advantage of the suppression while it lasts.

Yowser...Gold $2,040+ ; silver$25+

Metal did not go up, our dollar went down

quote:

Originally posted by MoosehornMan:
... our dollar went down

Maybe, but gold and silver are up in all world currencies, so there's more to it than just the dollar went down.

What are the thoughts on $20 Saint-Gaudens Gold Double Eagle Coin BU From APMEX?

I realize they are quite pricey but always liked the look of them and valued old authentic gold US currency. If I pulled the trigger, it would more than likely would be for one and it would just sit in the safe to get fondled and admired occasionally.

Are they worth what they’re asking and is that a trustworthy seller?

quote:

Originally posted by RR:
What are the thoughts on $20 Saint-Gaudens Gold Double Eagle Coin BU From APMEX?

I realize they are quite pricey but always liked the look of them and valued old authentic gold US currency. If I pulled the trigger, it would more than likely would be for one and it would just sit in the safe to get fondled and admired occasionally.

Are they worth what they’re asking and is that a trustworthy seller?

APMEX is very trustworthy, as in, American Precious Metals Exchange. They have a great selection, but I find their premiums can often be beat if you do a little shopping.

Bottom line, you'd be buying from a great supplier.

^^^^^^^^^^^^^
What apprentice said. APMEX is a reputable dealer but a quick search will save you 50 - 75 bucks easily. Oh, and occasional fondling is exactly what you're supposed to do with a double eagle.

That said, I prefer .9999 coins.

quote:

Originally posted by apprentice:

quote:

Originally posted by RR:
What are the thoughts on $20 Saint-Gaudens Gold Double Eagle Coin BU From APMEX?

I realize they are quite pricey but always liked the look of them and valued old authentic gold US currency. If I pulled the trigger, it would more than likely would be for one and it would just sit in the safe to get fondled and admired occasionally.

Are they worth what they’re asking and is that a trustworthy seller?

APMEX is very trustworthy, as in, American Precious Metals Exchange. They have a great selection, but I find their premiums can often be beat if you do a little shopping.

Bottom line, you'd be buying from a great supplier.

Like any investment it can fluctuate, I think some precious metals are part of a rounded strategy.
If you can afford it and would like to have it I say go for it, but be careful, you might need to get a bigger safe!

“What are the thoughts on $20 Saint-Gaudens Gold Double Eagle Coin BU“

I will not make a recommendation for any dealer. But what I will say, is that there are 2 different valuations to consider.

The Saint-Gaudens double eagles are truly a beautiful coin, but it is a coin with “numismatic value” in addition to “bullion value”.

Are you experienced in numismatics and collecting, or are up you looking to have a store of value that can be converted quickly if needed?

Bullion coins (American Silver and Gold Eagles, and similar foreign issues) will be easier to off-load and convert into ready cash. Numismatic coins have a more limited market and would be harder to sell, except for the bullion value, which would mean you will lose more on a short sell.

Current bullion costs are: gold is $2047/oz; silver is $25.20/oz.

FYI, I have been off-and-on in numismatics as a collector not a dealer, for over 60+ years and I’ve seen a lot of market history in that time. I well remember the hype of the silver market from that late 1960s/early 1970s when silver coins were being withdrawn from circulation and melted down. Gold has always been a hot market, with the speculative run ups in the early 2000s/2010s+.

Consider the wealth you are trying to protect and act accordingly.