I do feel more comfortable investing in physical metals than bitcoin. I can't help but thinking there will come a day when everyone realizes that the emperor is actually naked. (Because bitcoin to me seems like a figment of someone's imagination).Owning real metal is rarely a bad move, especially if you are using it as a store of value as opposed to a money-making venture.
Meanwhile, they are burning out presses printing more greenbacks...
I do feel more comfortable investing in physical metals than bitcoin. I can't help but thinking there will come a day when everyone realizes that the emperor is actually naked. (Because bitcoin to me seems like a figment of someone's imagination).
FIFY[bitcoin] is more of high risk speculative gambling.
The piece to remember is: premium cost / spot price$5.80 over spot
Yeah, I'm very much a work in progress.FIFY
The piece to remember is: premium cost / spot price
That's ~20% markup.
About average, not terrible. Some of that is the round/coin processing cost, the rest is profit.
Keep your eyes open and search for smaller premiums.
"Precious" metals have no more intrinsic value than fiat currency or cryptocurrency. They do have some utilitarian value, if you are into electronics and can process the metals to use them. Otherwise, they are like anything else...worth exactly what everyone else thinks they are worth, which is usually based on the same BS.When the **** hits the fan, cells are down, net is blocked, etc., good luck getting a "bit coin"
Whiskey is good to have on hand.... it is good for trade."Precious" metals have no more intrinsic value than fiat currency or cryptocurrency. They do have some utilitarian value, if you are into electronics and can process the metals to use them. Otherwise, they are like anything else...worth exactly what everyone else thinks they are worth, which is usually based on the same BS.
If society actually collapses to the point that US currency is worthless, I ain't trading anything for worthless shiny trinkets. Beans, bullets or GTFO.
The "gold standard"...isn't. Not anymore.
Should have been "beans, bullets or booze."Whiskey is good to have on hand.... it is good for trade.
No one cares what you think about precious metals. This is a thread discussing the value of silver. Go take a dump somewhere else..."Precious" metals have no more intrinsic value than fiat currency or cryptocurrency. They do have some utilitarian value, if you are into electronics and can process the metals to use them. Otherwise, they are like anything else...worth exactly what everyone else thinks they are worth, which is usually based on the same BS.
If society actually collapses to the point that US currency is worthless, I ain't trading anything for worthless shiny trinkets. Beans, bullets or GTFO.
The "gold standard"...isn't. Not anymore.
Well, someone woke up on the wrong side of the bed today.No one cares what you think about precious metals. This is a thread discussing the value of silver. Go take a dump somewhere else...
Nah, in the immediate market it's not quite as bad as ammunition (yet?) but the supply of retail silver is behind the current demand. Who knows, it could be headed to $50 if there's increased demand (or speculation)Yeah, I'm very much a work in progress.
My 401K's have been doing well, so I look at this as just another way to diversify. I'm not dumping everything I have into silver (or gold or anything else for that matter). I think that's just wise (to diversify) in general. And it's something I've been interested in and if I can do it without getting hurt too badly if it goes south, why not?
Nah, in the immediate market it's not quite as bad as ammunition (yet?) but the supply of retail silver is behind the current demand. Who knows, it could be headed to $50 if there's increased demand (or speculation)
Provident has SA Silver Krugerands on sale and they are cheaper than generic 1oz rounds. Also cheaper per troy ounce than a 10 oz bar. That is rare for sovereign coins.Silver down to 26.52 spot, so I bought 5 more 1 oz. rounds for 162.05. About 18% over spot if my calculations are correct.