/biz/ - Business & Finance

[Anonymous No.15736938]

Bars or coins?

[Anonymous No.15736950]

>>15736938
wtf is going on with silver?

[Anonymous No.15736951]

16 fucking bucks. say it with me.

[Anonymous No.15736968]

>>15736951
Ooooh I will be picking up some cheap silver if it does

[Anonymous No.15736978]

>>15736938
For ease of selling always buy well known minted or government minted coins/bars.

[Anonymous No.15737005]

>>15736978
is the premium on eagles worth it over say apmex rounds though?

[Anonymous No.15737049]

>>15736950
The Happening© keeps getting delayed

[Anonymous No.15737066]

>>15737005
When selling them to an individual you will get that premium back in full, and to a mint/dealer you will get some of it back.

[Anonymous No.15737104]

guys coomd and accidentallyd my silver. how to fix?

[Anonymous No.15737124]

Where to buy silver anons?

[Anonymous No.15737154]

>>15737124
only on the streets. craigslist, people you know, put an ad in the newspaper. that's where you'll find it At or Below spot price. Everywhere else charges a premium. Same goes for selling, you'll be selling well under spot if you don't do one of these routes. craigslist works the best imo.

[Anonymous No.15737165]

>>15736938
bars for long-term profit back into fiat
lots of small coins for tradeability in a wrol/shtf scenario.

[Anonymous No.15737222]

>>15736938
gov stamped BU

unless you enjoy getting laughed at and given scrap minus tip prices.

[Anonymous No.15737255]

>>15736938
Coins are most liquid.

[Anonymous No.15737383]

>>15737104
but in all seriousness guys, i acid tested my shit all wrong. is there a way to restore them?

[Anonymous No.15737444]

>>15736938
ETFs

[Anonymous No.15737452]

>>15736938

[Anonymous No.15737476]

Bars unless you live somewhere with a good, urban bullion market. If you get sovereign coins and live anywhere outside a major city m, you’ll deal with shitty local “coin dealers” who will price fuck to him the basis of “purity” despite metal weight being the only important number and “supply and demand” for that specific coin despite again PM weight being the important part.

Don’t fuck around with coins just get bars and you’ll save yourself fuck around.

[Anonymous No.15737478]

>>15736938
Bars

[Anonymous No.15737492]

>>15736938
Coins generally avoid tax (depending on your jurisdiction) also easier to trade at a pawn shop or similar.
coins are also collectable

[Anonymous No.15737876]

>>15736938

M I N E R S
I
N
E
R
S

>good luck with selling your premiur coins or bars while I am making money on companies that makes them.

[Anonymous No.15738032]

>>15736938
whatever you can get a better deal on.

[Anonymous No.15738296]

>>15737255

No, ETFs are and shares in companies that produces these coins or miners.

Why are you all so out of touch from investing?

[Anonymous No.15738683]

>>15738296
Buying physical metals isn't investing

[Anonymous No.15738919]

>>15737876

Absolutely this

Accumulating Hecla and Endeavor while writing this.

[Anonymous No.15739146]

OP, the best option for a purely investing standpoint is bars.

Bars are the equivalent of bulk buying at a grocery store, getting you literally as close to spot price as you can get. Often you can buy a 10 oz bar within $1 of the spot price if not less.

Given silver's non-volatile and very steady price, every cent will matter. The simple price increase from $17 to $19 is ~12%. That matters, especially when you're buying, not selling.

With coins, they carry a subjective value upcharge. So if you want to buy a 1 oz coin, it won't be close to spot. Expect to pay a few dollars over per ounce. Coin collectors in my mind are like autistic people with train sets in their basement.

>Look! I'm an investor! Look at all these coins! I'm like a pirate! Wha? No I don't keep active track of my $/oz haha

What is subjective, you ask? The year, the design, the condition, the mint, etc. In comparison, a bar is purely just the weight, how much you paid for it, and the current spot price. No speculation or arbitrary values.

>But bars can be faked!

Sure, everything can. I don't recommend ever buying metal from non-professional dealers. The idiots who post dummy bars are the same people who buy silver from ebay and craigslist.

[Anonymous No.15739158]

I’m quite partial to the Valcambi breakable bars.

[Anonymous No.15739166]

>>15736938
Bars.

[Anonymous No.15739171]

Also a giant fan of the Britannia’s design.

[Anonymous No.15739173]

>>15739158
what is the point of a breakable bar?

[Anonymous No.15739203]

>>15737876
>>15738919
Which miners should I be researching?

[Anonymous No.15739218]

>>15739171
>>15739158
>hurr durr imma pay a premium for designer silver!

dude. It's just silver.

[Anonymous No.15739312]

>>15739173
When Armageddon comes you’ll be able to break apart your silver easily to pay for goods and services.

>>15739218
You’re right. I fell for the numismatics meme in middle school and I’ve been hooked ever since. This is probably my favorite silver coin.

>inb4 the Jews used to openly show their control on our money.

[Anonymous No.15739382]

>>15736950
Beats me. It has been bouncing around in a one dollar wide consolidation for a couple weeks. I'm getting worried because the chart looks an awful lot like the pink wojak rollercoaster meme pic.

[Anonymous No.15739677]

>>15739312
>When Armageddon comes you’ll be able to break apart your silver easily to pay for goods and services.

That's retarded.

[Anonymous No.15739761]

>>15739312
When Armageddon comes you’ll just fucking die from a million reasons and pieces of shiny metal won't save you

[Anonymous No.15739765]

>>15739677
sounds like youd rather let them pay the trolls toll for you boyshole

[Anonymous No.15739978]

>>15738296
Dont hold it, dont own it.

[Anonymous No.15740135]

>>15737476
Is there any real difference between bars and bullion rounds? I've been looking at those 10 1oz "starter" buys online (Provident, Monument, etc.) since they will do that first deal @ spot w/ free shipping. Other than the fact they're not Gov-backed, they should be just as "valuable" from a purity and weight POV vs. 1oz bars, no?

[Anonymous No.15740333]

Doesn’t matter as long as you are aren’t paying a stupid high premium for it. It baffles me that people pay $40+ an oz for graded coins when I just bought some silver maples at $18 each. An oz of silver is an oz of silver, collector coins are dumb IMO

[Anonymous No.15740340]

bit Coins

[Anonymous No.15740474]

>>15736938
Coins for salability / liquidity when selling.

[Anonymous No.15741370]

coins

[Anonymous No.15741374]

Why silver over gold?

[Anonymous No.15741380]

>>15736951
Please, would love to load up on some cheaper silver.

[Anonymous No.15741390]

>>15737383
yes, you melt and re-mint them.

[Anonymous No.15741407]

>>15741370
those arent even legal tender

>>15741374
there is a decreasing amount of silver above ground because of industrial uses.

[Anonymous No.15741446]

>>15741407
>those arent even legal tender
one of them is, not that I care because fuck the government

[Anonymous No.15742186]

>>15739173
Don't buy them the are fucking overpriced as shit

[Anonymous No.15742221]

>>15741374
If you look at the 5 year price charts of gold and silver prices you will see that the price of silver is notably more volatile than that of gold. Shorter periods between local highs and lows which gives you more opportunities to profit from short(er) term investments if you time right and always avoid paying over spot.

Ive been buying and selling gold and silver (mostly silver) over the past four years. Ive made more money with silver because of price volatility. Silver price volatility allows quicker profit than gold, but you really have to keep an eye on spot price or you can easily lose xx% in a day. One nice thing about silver is that 1 oz coins are cheap and easy to liquify quickly, which makes actively investing in silver easier and more flexible than gold.

I wouldnt passively invest in silver because the price volatility. You either actively buy and sell or you buy it as a semi-permanent physical portfolio safety asset.

Gold is a more passive investment. Price is less volatile and moves more in synche with general economic trends. Periods between buys and sells for decent (~5-10%) profit are usually measured in months. Since 2016 there have been three trough to peak intervals of 20+% spot price increase. This means youre going to have to lock up a good bit of capital for a fairly long period to make gold worthwhile. However, this lower volatility means that youre less likely to lose money investing in gold as opposed to silver.

In my experience, if you want to make a reasonable profit with bullion, the volatility of silver makes it a better choice than gold. Ive only made two gold investments that were worth the long capital lock. One during the first half of 2016 that netted about 20% and the most recent started mid 2018 and ended a month ago for a 21% gain.

On the other hand ive made dozens of silver trades in the same amount of time, which netted well over 10x the profit from investing in gold.

[Anonymous No.15742282]

>>15737124
>>15741380
https://www.jmbullion.com/1-oz-jm-bullion-silver-bar-reverse-proof-like/

[Anonymous No.15742300]

I bought silver because /biz said to. Now I have lost all my money. I should never have bought silver.

[Anonymous No.15742338]

>>15742300

Because it fell 1$? Don't be such a pussy

[Anonymous No.15742345]

Where's the best place to buy silver in Australia? Cheapest I can find is $30.90oz for Kangaroo coins, despite silver being valued at $25.96.

[Anonymous No.15742346]

>>15740340

[Anonymous No.15742353]

>>15739203

Hecla, Fiore, GORO, Endeavor silver, First Majestic, Coeur, Metalla, SSR

But never forget to buy low, sell high

[Anonymous No.15742600]

>>15742221
Also wanted to say that its a good idea (imo) to keep some bullion in your portfolio as a very long term or permanent asset. Not as an active investment but as a security asset in case shit hits the fan (job loss, market crash, currency collapse, etc.).

Gives you a physical asset that (unless the world ends or we start mining asteroids) will always have some value, as opposed to paper. For this purpose id probably choose a mix of gold and silver, because there have been notable divergences in value correlation over the past 50 years.

Long story short, based on experience, Id say buy mostly silver. Its easier to make a profit with it, its easier to sell for spot price, and its price tends to rebound quicker (at least over the past 5 years).

Also, buy coins, and dont pay over spot. Preferably govt minted coins if you can get them at spot. If you plan on holding on to the metal for a long time then you can consider bars. They can be harder to buy or sell at spot because of various premiums attatched to certain brands.

[Anonymous No.15742605]

>>15742353
>Hecla,
why this shit company? they peaked in the 80's

[Anonymous No.15742622]

>>15742600
how the hell do you pay spot for siolver, especially coins? In Australia it is impossible, I've checked like 10 websites of silver sellers in Aus and they all charge about 20-30% over spot

[Anonymous No.15742635]

>>15737154
I actually have a guy that I text and meet within a couple hours usually if I want to sell. Pretty reliable, but I have a backup as well. I love stacking silver, it appeals to the wanna be pirate in me

[Anonymous No.15742648]

>>15742622
you have to escape

[Anonymous No.15742678]

>>15736938
Either. Just don't buy from Chris Duane.

[Anonymous No.15742721]

>>15742622
I put out ads and look for private parties with large quantities. A lot of people Ive bought from know other sellers so Ive built a network. Ill usually offer a couple percent over spot depending on who made the piece. Ill offer 4% over spot if its American govt minted Eagles. Thats why I only look for large quantity sellers.

And that 20-30% premium is fucking robbery. Ive yet to do business with anyone here, even licensed businesses, that charge more than 10% spot, except for govt minted silver ounces that theyll charge maybe 15% spot.

[Anonymous No.15743050]

>>15742678
some of his designs are ok but most of it is pretty trash
it's a shame he acts like such a faggot since he's right about half the time

[Anonymous No.15743200]

>>15743050
>it's a shame he acts like such a faggot
did the banksters shoot his dog and rape his ma or what?

[Anonymous No.15743204]

>>15736938
bitcoin

[Anonymous No.15743613]

>>15736938
Always go for coins if you can get them at spot price. If its silver, then buy 1 oz coins. If its gold, then preferably 1/10 oz coins.

Bars look cool, but theyre less liquid than coins. They should only be considered if their premium is lower than coins, and even then they might not be the best idea.

Most reputable silver assayers offer 1-5 oz bars, 10 oz bars, and 100 oz bars. Many assayers also offer 1 kg bars. The small bars are pointless. If you purchase a silver bar id advise sticking to the 10 oz. These are large enough to have a lower premium per ounce than 1 oz coins, and theyre fairly easy to sell. Look for a reputable brand and avoid meme designs.1 kg and 100 oz bars only really make sense if you are making a long term investment.

I would be very weary purchasing gold bars. They only make sense if they weigh more than a 1 oz gold coin. If you want a 1 oz piece of gold bullion, always go with the coin. 50 g and 2 oz gold bars are the smallest bars over 1 oz. These dont offer much of a decrease in premium and theyre significantly harder to sell. Do not buy these unless theyre in the vacuum sealed assay pouch. These sized bars really are more trouble than theyre worth.

Premium wise, gold bars only really make since at the next common weights which are the 100 gram bar and the 5 oz bar. The danger of purchasing a counterfeit becomes significant here. These should only be bought from reputable dealers, in person, and in the sealed package. These can be very difficult to re sell and should be bought as a long term investment.

Then there are the 250 g, 10 oz, and so forth. Ive never seen a bar larger than 5 oz so i cant comment on these bars. Im not even sure where one could be safely purchased. If you choose to buy any bar over an ounce, I would reccomend only buying bars minted by top assayers. Pamp Suisse and the Austrian mint come to mind. And make sure its sealed in the assay or you will have to sell it under spot.

[Anonymous No.15743786]

>>15743200
I think they raped his dog and shot his ma.