/biz/ - Business & Finance

Is gold going to keep moving up for the foreseeable future?

pm bump

>>11276569
It took a tumble this summer, but otherwise its trajectory has been up since bottoming out in Dec 2015

top that bitches

So you lads don't talk about minerals industry stocks?

>>11277979
you're welcome to discuss it if you want, but I think most in here are physical stackers

>>11277990
Cheers, it's the side of things I find more interesting.

Where do you guys keep your physical stash? I'm thinking of moving mine out to my families rural property and burying it, or is that too over the top?

>>11278072
I use a rare earth magnet inside a small bag to hide my gold in a very secret place

I ordered some generic buffalo rounds about 2 weeks ago at the very bottom of this recent bear run.... Picked up 7 at $14.63 each, really wish i had picked up more

I also was lucky enough to purchase a 2018 proof palladium eagle from the mint, in the 5 minutes before they sold out. I was talking to a customer at work on the phone while placing the order on the website. The US Mint website was lagging so bad because there were so many people trying to purchase the coin.


apmex is selling this coin in a 70 grade for $3500
https://www.apmex.com/product/152861/2018-w-1-oz-proof-palladium-american-eagle-pr-70-pcgs-fs


I paid $1387.50 at the mint for it. I was going to try and get it graded but was worried about the hype dying or it not coming back a perfect 70. I was also worried about getting scammed by an ebay buyer. Apparently its common for a buyer to say the item was fake, or the condition was not as described and then ebay will side with the buyer in most cases.

I ended up selling the coin to a local coin shop for $1650, which was over $250 profit before taking into account credit card rewards. Felt nice to actually make a profit from PM's.

>>11278310
>apmex is selling this coin in a 70 grade for $3500
I can't believe someone would pay 3.5x over spot for that, but hey at least you made a profit being crafty

>>11278090
imgunaneatyourgold

>>11278507

I bought 6oz gold and 500oz silver today

Threadly reminder that precious metals dumped harder than stocks during the last recession.

is there literally any reason to buy anything other than gold, if you insist on buying metal?

surely the whole point is to maintain your wealth, nobody is going to get rich buying metal anymore now crypto is here, so why would you risk your wealth buying silver or any other pseudo-"precious" metal instead of gold?

would be nice if gold and silver x10 in price, doesn't seem out of the realms of possibility

I've got $5k that I like to buy some PM with I'd like to get some opinions on 1) what might be a good ratio of silver and gold or if I should just stick with one or the other. (I'm leaning towards silver given the price)
2) does anyone have experience with wholesalecoinsdirect .com? They seem to have decent prices from what I've seen so far jMbullion also seems reasonable
3) does it make sense to get mostly 1oz rounds and then a few 5-10oz bars? What would you go with?
also I have a 401k and an IRA but I dont understand that shit and am not making much from it. so I'm hoping with this small investment and then each month or so buy a hundred dollars or more of PM will help me in the future

>>11279442
>risk
>silver
Pick one

>>11279603
theres a much bigger risk that silver's speculative value evaporates than gold's does.