You can buy gold/silver at OneGold, can setup auto weekly buys
You have to pay a storage fee, but you can also request for them to send you physical gold
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
I have a friend who does estate sales and he gets a lot of silver coins through estate liquidations. It was a big thing in 60-s and 70-s he says. I need to do some research on those eagle, liberty etc coins. Some foreign have some serious value too. I think I saw gold Jamaican (?) coins in his collection.
Would you recommend investing in gold/silver as well as in real estate and crypto/stocks for instance in order to diversify, or do you think it is better to do only one of these assets? Thanks.
Would you recommend investing in gold/silver as well as in real estate and crypto/stocks for instance in order to diversify, or do you think it is better to do only one of these assets? Thanks.
That's a good question.
The market made gold and silver fall because of the reason explained in the link that i posted.
However people are expecting inflation and the inflation is gonna go high because of biden policy (injection of 1900 B$).
Inflation makes usually gold and silver go high.
The inflation rate of February will be released march, 10th.
If the number is higher it may restart the rally on silver/gold/platinum
Copper is also quite high.
If the inflation is not that high, gold will likely continue to go down.
I am not expert so if you think i am wrong, feel free to explain why.
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Comment : so basically biden injects money in the economy, to increase the yield of treasury bonds, which will inject money in the federal government. This offers an interest rate paid by the tax payer, with the purpose to inject money in the economy.
I am may be not skilled enough to understand, but this sounds like an absurd policy.
Or may be people are not realising that in the future, investors will get far better yield in the rest of the economy...
Would you recommend investing in gold/silver as well as in real estate and crypto/stocks for instance in order to diversify, or do you think it is better to do only one of these assets? Thanks.
Why not all of it? I invested in some gold earlier and wish I put more money into it, but it was with my family members and they did all logistics.
I am definitely going to buy some coins with good discount I get.
However people are expecting inflation and the inflation is gonna go high because of biden policy (injection of 1900 B$).
Inflation makes usually gold and silver go high.
The inflation rate of February will be released march, 10th.
The plan has been just voted now.
You may not see its effect on the inflation directly.
Keep in mind, the inflation rate comes from the CPI, which is another way "they" scam the poor.
They say 2%/year, believe that if you want, or find out what products contribute to CPI, just sayin' ;)
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Why not all of it? I invested in some gold earlier and wish I put more money into it, but it was with my family members and they did all logistics.
I am definitely going to buy some coins with good discount I get.
Would you recommend investing in gold/silver as well as in real estate and crypto/stocks for instance in order to diversify, or do you think it is better to do only one of these assets? Thanks.
I am not an expert as well. Thanks for the link. I guess I need to do my research first, especially when it comes to investing in gold. Thanks!
You can buy gold/silver at OneGold, can setup auto weekly buys
You have to pay a storage fee, but you can also request for them to send you physical gold
IMO people should do their research into the issues with paying a company to store your precious metals, the issue is the counter party risk. A lot of these companies store their gold/silver through banks that then use third party vaults to store your PMs.
So if the banks collapse then you're just a creditor of the bank and you're left with nothing
The benefit of PMs is zero counter party risk, if it's not in your hand you don't own it.
Although that doesn't stop governments issuing an executive order that bans private ownership which was done before (April 5, 1933 in the US)
Originally posted by jscott
Keep in mind, the inflation rate comes from the CPI, which is another way "they" scam the poor.
They say 2%/year, believe that if you want, or find out what products contribute to CPI, just sayin' ;)
True Paul, and I'd HIGHLY suggest buying physical gold over OneGold/on-paper gold. TBH I consider my OneGold autobuys as convenience buys, love the auto weekly, but would never allocate majority my metals in something like that.
True Paul, and I'd HIGHLY suggest buying physical gold over OneGold/on-paper gold. TBH I consider my OneGold autobuys as convenience buys, love the auto weekly, but would never allocate majority my metals in something like that.
Gold/Silver miners and Gold/Silver royalty companies are also a good alternative to physical gold.
Everything has pros and cons, even with physical ownership there are issues too. You can get robbed, forget where you stored it etc
I buy at a local jewlery store that also specializes in PMs. Also makes it easy to sell and turn into cash in 5 minutes, which i do sometimes as well. Worth checking to see if you have a similar shop in your town.
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