I agree for the most part, but to me a sovereign coin clearly marked 1oz .9999 silver (Britannia, Kangaroo, etc) is at least equal to a generic round or bar. I do shy away from "old gold" coins, even American, since they have no face indication of content.I'm mainly focused on bullion that's clearly labeled in small enough sizes that it'd be easy to make change with or make trades. I go with US Mint if I'm doing any kinds of coins because I don't think a whole lot of people who aren't up to speed on precious metals will grasp gold or silver coins from other nations.
I look at a lot of it as trying to convince someone who's not familiar with precious metals as to the value of what I'd be trying to barter with. I consider a 1oz bar the $20 bill of precious metals and hope to have a few of each put away.
I agree for the most part, but to me a sovereign coin clearly marked 1oz .9999 silver (Britannia, Kangaroo, etc) is at least equal to a generic round or bar. I do shy away from "old gold" coins, even American, since they have no face indication of content.
Yeah I did!Teddy jinxed it!
My wife has this uncanny ability as well. For example, the moment she purchases a vehicle (new or used) it begins to fall apart and when she buys herself a Colts or Cubs jersey then that player inevitably gets hurt, traded or retires. So we have a rule around here: she's not allowed to "watch" our stocks or PM pricesYeah I did!
I hold a special power that if I buy stock in any single company I alone possess the power to make that company take a steep financial nose dive. I'm glad to see my super power has transferred over to precious metals.
Yeah I did!
I hold a special power that if I buy stock in any single company I alone possess the power to make that company take a steep financial nose dive. I'm glad to see my super power has transferred over to precious metals.
Or hedge and short it as well, perpetual motion achieved!Yeah I did!
I hold a special power that if I buy stock in any single company I alone possess the power to make that company take a steep financial nose dive. I'm glad to see my super power has transferred over to precious metals.
Exactly! I'm waiting for the dip to really take effect and then I'll double down on some more silver.Or hedge and short it as well, perpetual motion achieved!
I’m seeing spot plus $3 - $4 most places. For what it’s worth, I’d be interested. Feel free to PM to discuss.Serious question: with spot just under $28 and generic or basic 1oz rounds and 10oz bars between $32-33/oz from reputable sites, would you consider $30 an ounce a good price for 1oz, 5oz & 10oz bars & rounds? I want to shift a substantial amount of silver into gold. I can try and trade with a local coin shop but since I am not trading Eagles or Maple Leafs (well, maybe a few) I know I will have to give well over the Ag:Au ratio to do so.
So for mixed lots of 30oz to 60 oz, ranging from good 1oz bars to kilo bars with some sovereign coins in the mix, is $30/oz a "good" price? I have sold a good amount of silver on INGO and always had good dealings. Just not certain about what street prices are now.