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oh and yeah buy all the

oh and yeah buy all the precious metals you can afford. Worth* Now*

Is buying junk really worth

Is buying junk really worth it? I have some, but the economists I hear say that Silver Eagles and Maples would be easily tradable than junk.

go half and half. I have a

go half and half. I have a couple real estate properties I own free and clear...everything else I own is silver ...1/2 silver eagles, and 1/2 pre 1965 90% silver.

All of the idiots can keep their paper garbage.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Cyril's picture

This might help

Coincidentally, I recently posted something worth reading and watching, I think, on this specific topic, to help yourself make your own opinion :

http://www.dailypaul.com/267291/mojofabulous-thoughts-on-buy...

(note : both sides of the argument are defended; in the linked text vs. in BJF's comments about it)

Personally, I don't stack numismatics at all**, only junk, from US mint, and freshly minted semi-numismatic (from private mints). It's about in 50/50 proportions, for now anyway.

"Your Mileage May Vary" of course. I take it as a very personal decision to make, but it's good to have heard about both sides, first, IMO.

'HTH,

** or very marginally, anyway

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Re: not stacking numismatics

I don't get why some people choose to, since the markup goes down as PM prices rise.

A decade ago, your average St. Gaudens carried anywhere between a 50% and 100% markup. Now, I see rarely see even a 20% markup on them (unless, of course, they're in excellent condition and/or have a certain mint mark). Heck, a buddy of mine recently got a 1927 for about 3% over spot.

A signature used to be here!

Cyril's picture

Just FYI it's just I can't find enough of research time for that

Just FYI, it's just I can't find enough of research time for that. Dear wife can do a bit better there, though. We do have some of those.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I am buying

As often as possible.

Somehow, I am able to buy (junk... Ha!) old coins at 60 percent of their melt spot value. And that is only because I pay $20 for silver dollars. You could be doing this toooooo.

Think outside the box. Ask yourself, where do people spend change. What are people willing to spend their last dime (often Mercury) on. Then go to those places, where you will find people making minimum wage, and more than happy to sell you a dime for a dollar. They win, you win!

Worst case scenario, they are taught a lesson in economics.... The Austrian kind.

My line is 'dollar for a dime'. And I carry a '64 quarter. I explain that when it was made it bought a gallon of gas, and that is what it is still worth to me. That they will pay $0.25 for it, and I will give them $2.50. Everybody wins.

Hopefully none of you live near me. Stay out my spots ; )

Get after it. Eventually either you will get cheaper silver or the masses will awaken to the Game.

Fritz, Where are you able to

Fritz,

Where are you able to get your hands on the cheap silver? Share your secrets. ;)

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Figure it out yet?

Use your imagination

That's not helpful,

That's not helpful, whatsoever.

Please come join my forum if you're not a trendy and agree with my points of view.

All I can think of

are cigarettes. Is that what people spend their last dime on?

Or food maybe?

Are you saying I need to go to gas stations and grocery stores to find some cheap silver??

"The more you sweat in training, the less you bleed in battle."

Very wise grass hopper

But stay outta northwest Indiana ;)

LOL

I knew it!!!

Also hang around coinstar machines - on a trip to the grocery store I was informed that I missed a guy bring in a coffee can full of Morgans and try to dump them in - machine wouldnt take them so random grocery store worker bought them all at double face value.

Worst part is she told me guy said he 'needed the money!' They were 1$ face value!! and he was going to trade them in for paper and pay 10% for the service!!!

True story no lie.

"The more you sweat in training, the less you bleed in battle."

Thanks for the advice

Thanks for the advice everyone, even though I am hearing different opinions, hopefully I can figure it out. I am about $300 away from buying a 1 ounce gold eagle, after saving up for months for it. Was wondering it would be wise to blow it all on that or buying the more undervalued silver.

My advice...

Take advice from NO ONE over the Internet, especially when it comes to your money. Realize that what drives every person is self-interest, so you need to pay attention to your self-interest by doing your own homework. It's not easy and nothing worth doing is easy anyway.

Things to Consider

Size.
Weight.
The amount you have to spend.

Clearly, lugging a trunk full of silver coin on your way out of town, could be risky, and it won't be easy getting through at an airport.

So could asking for change when you try to buy something with a gold oz.

You need to consider what your purposes for it, are, and allocate accordingly.

What do you think? http://consequeries.com/

Buy silver

When silver skyrockets (I hope to 200$ in a year or two) ill use that to buy gold

silver and gold will go to 1

silver and gold will go to 1 to 1 ratio. Trade silver for gold at that time

Gold for stability

is not a bad idea since gold is less volatile than silver which means silver could see more downside than gold in the short term; but silver coins will be easier to trade when the SHTF. Recall Ron Paul referencing a silver dime to buy a gallon of gas. Gold would be a hedge just in case the correction lasts longer than we anticipate so it depends on your aversion to risk. Gold mining stocks (XAU index on bigcharts.com) are way underperforming the bullion which isn’t a good overall sign so something has to give, ie either gold stocks have to rally to even out the ratio, or gold and silver bullion may correct some more. The charts are still long term bullish though. McClellan sees downside objective gold at $1585 Feb contract (less than 4 ½ percent off from today’s spot). Checkout some good articles on kitco.com for 2013 gold outlook reports by clicking on “Video News Jim Rogers’ Gold Outlook for 2013 – Kitco News, Dec 24 2012.

Here is an interesting video:

http://www.goldmoney.com/video/james-turk-outlook-for-gold-f...

It is by James Turk the chairman of www.goldmoney.com who made a prediction in 2003 that gold would go to $8,000 between 2013 and 2015. This video is an update on the thinking behind this prediction.

Right now is an excellent time to buy precious metals because the volumes are thin and the big banks who have very large short positions will use this time to force prices down. They will recover in the new year.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Either is good

But silver is better, and silver is cheaper, relative to gold. Merry Christmas!

Both gold and silver are cheap right now :()

As to one purchasing either, if you have your affairs in order, any time to buy is a good time, especially when it has come down $3-$4 for silver and almost $100 for gold.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

YES

Silver is easier to trade in smaller dollar amounts.

The question I have is that if the GLOBAL economy collapses who is there to buy the gold and silver?

why did gold and silver

why did gold and silver become money in the first place and not paper?

They will replace fiat currencies.

Gold and silver are money and in spite of the efforts of the elites to change the people's perception of this fact over more than one hundred years they have failed.

Their counterfeit money is now under pressure and seems destined to collapse completely. At that point gold and silver will assume their historic place as money.

This means that they may be exchanged for everything you need as well as providing a secure store of value. The fact that they can be traded merely as commodities at the moment should not deter one from accumulating as much as possible. In time they will come back into their own.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

yes. Buy physical silver

even if you pay 30$ at spot + 2 to 3$ over spot its still a good deal. since silver is under evaluated. Many mints are short of silver lately. Remember silver is more rare than gold.

Buy silver under 27..

Just a guess.

www.youtube.com/truefictions

I try to change people every day. Do You?