Purchasing gold/silver

[TheDeeble]

Anyone been purchasing gold/silver in the past couple of years?

Got any suggestions for someone that knows absolutely nothing about it, but wants to due to economic concerns?

All of the money printing is very troubling and I would like to look into buying gold/silver.

Mods.....I know technically this isn't a political thread, but it is spurred by politics.. Plus I have a feeling I'd get better responses here than the Pub or something.

 

[volinbham]

spoons I tell you. LG is the local rep.

 

[DEFENDTHISHOUSE]

Silver, Silver Bar, Silver Bars, Silver Bullion, Gold and More - APMEX.com
Precious Metals: Gold and Silver | Goldline International


You can also go to your local bank and ask for a few rolls of dollar/quarters/nickels/ half dollar coins, pre-1964 US coins have a silver content of 90% silver. Search those out in the rolls and simply re-roll the rest and return them. I do that every week and sometimes it's hit and miss but sometimes you can cash in. That is like free money in a sense.
Cruise pawn shops and look for cheap gold and silver jewelry you can buy a lot of that stuff and melt it down.
I have collected a rather sizable amount of gold and silver over the years this way, some will laugh at it, but i'm laughing when i find the silver in the rolls for basically free.
Cheers

 

[golfballs]

Anyone been purchasing gold/silver in the past couple of years?

Got any suggestions for someone that knows absolutely nothing about it, but wants to due to economic concerns?

All of the money printing is very troubling and I would like to look into buying gold/silver.

Mods.....I know technically this isn't a political thread, but it is spurred by politics.. Plus I have a feeling I'd get better responses here than the Pub or something.

You're about 4 years late. The writing was on the wall then

 

[myrobbins7]

spoons I tell you. LG is the local rep.

 

[myrobbins7]

Anyone been purchasing gold/silver in the past couple of years?

Got any suggestions for someone that knows absolutely nothing about it, but wants to due to economic concerns?

All of the money printing is very troubling and I would like to look into buying gold/silver.

Mods.....I know technically this isn't a political thread, but it is spurred by politics.. Plus I have a feeling I'd get better responses here than the Pub or something.

I have been buying and holding gold and silver for about 9 years now. I have positions in Coins, bars and also postions in the GLD & SLV. I also took a position in TIPS and that has worked out very well for me, but not even close to what gold and silver has. Those are a few things to think about, hope it helps and good luck.

 

[dukes_of_maggard]

Anyone been purchasing gold/silver in the past couple of years?

Got any suggestions for someone that knows absolutely nothing about it, but wants to due to economic concerns?

All of the money printing is very troubling and I would like to look into buying gold/silver.

Mods.....I know technically this isn't a political thread, but it is spurred by politics.. Plus I have a feeling I'd get better responses here than the Pub or something.

You're too late for gold, if inflation is your main concern look for TIPS (Treasury Inflation Protected Securities).

 

[TheDeeble]

A few years ago I was mostly oblivous to what was happening/coming.

And my interest in gold is long term. I plan to keep it. I've always considered myself a rational person, but the doomers are catching up to me with the talk of dollar collapse/economic collapse. I'm having a hard time seeing how the US comes out of this financial mess.

 

[dukes_of_maggard]

A few years ago I was mostly oblivous to what was happening/coming.

And my interest in gold is long term. I plan to keep it. I've always considered myself a rational person, but the doomers are catching up to me with the talk of dollar collapse/economic collapse. I'm having a hard time seeing how the US comes out of this financial mess.

There is a thread in this forum about the stock market (the title is stock market up today) go to page 170ish and read from there. I posed a few articles you may find useful.

Edit: P. 171

 

[lawgator1]

spoons I tell you. LG is the local rep.

LOL. Nicely played.

 

[n_huffhines]

Anyone been purchasing gold/silver in the past couple of years?

Got any suggestions for someone that knows absolutely nothing about it, but wants to due to economic concerns?

All of the money printing is very troubling and I would like to look into buying gold/silver.

Mods.....I know technically this isn't a political thread, but it is spurred by politics.. Plus I have a feeling I'd get better responses here than the Pub or something.

I wouldn't invest a ton in gold right now. It's kind of a high price. If I had no gold, I would buy a few 1 oz pieces, just for apocalyptic emergencies. That's it. My 2 cents.

I'm not sure what the price of silver is like right now. Invest in guns, braj.

 

[dukes_of_maggard]

Invest in guns, braj.

All set on that front...

 

[TheDeeble]

I wouldn't invest a ton in gold right now. It's kind of a high price. If I had no gold, I would buy a few 1 oz pieces, just for apocalyptic emergencies. That's it. My 2 cents.

That's basically what I was thinking. Some of the fractional coins. Like 1/10 or 1/4.

I know the price is historically high. But it's not something I plan on selling in a couple of years either. I plan to keep it for just those reasons.

 

[TheDeeble]

You're too late for gold, if inflation is your main concern look for TIPS (Treasury Inflation Protected Securities).

What do you think the limits on gold are? As long as the US economy is in the crapper I think gold will be strong. Not to mention the fear over US debt.

Thing is though, I don't see the economy turning around anytime soon.

 

[dukes_of_maggard]

What do you think the limits on gold are? As long as the US economy is in the crapper I think gold will be strong. Not to mention the fear over US debt.

Thing is though, I don't see the economy turning around anytime soon.

Gold is about the perception of the future, depending in who you believe that may be a good or bad thing. It appears gold prices have peaked and are sliding so if it were me I'd let them find a floor.

With the ECB buying PIGS bonds that will ease nerves, yields on US Treasuries will go up and gold prices will continue to fall. The debt the US has won't become important until the demand for treasuries dries up, when that happens you should see a rise in the price of gold.