Not sure if you're near a decent sized city, but you can normally buy bullion from local dealers. The 10 oz bullion bars are cheap and easy to store. If you have to buy online expect a little markup though.
Precious metals taking a beating.
- Thread starter schockergd
- Start date
Not sure if you're near a decent sized city, but you can normally buy bullion from local dealers. The 10 oz bullion bars are cheap and easy to store. If you have to buy online expect a little markup though.
I guess nobody wants gold and silver. But yet when I try to purchase a 1 oz silver coin from one of the big sites they are only charging $5 over spot.
PLEASE. I'm not gonna let the price manipulation through paper distort my view on the value of PHYSICAL Gold and Silver.
PLEASE. I'm not gonna let the price manipulation through paper distort my view on the value of PHYSICAL Gold and Silver.
Unfortunately I live in a small town and the local dealer likes to leave whenever he feels like it. He won't be back for a week.
Thanks, I'll look into them. I'm likely just going to make a purchase on Ebay and pay the ridiculous markup, long-term holding anyway.
It's tangible, (so thieves/governments can/will steal it eventually) and it's traceable too, unless I go through the trouble of buying it under the counter or at estate auctions.
Guess my standards have gone up, but gold now seems like a permanently bad investment.
you would rather have a digital bitcoin than a tangible gold coin?
Your standards have gone up? WOW.
Fine. More gold for me, more digital monies for you.
depends on your purpose. if you want all your money is a simple, untraceable portable format, bitcoins are ideal. Gold is cumbersome and readily confiscated/stolen but is aesthetically pleasing.
that's assuming you made my mistake and bought them near the peak
the average price is much lower (around $10)
as someone who has bought and sold bitcoins I can attest to a pattern of the untraceable aspect becoming less and less.
At the rate MTgox is heading, I am going to have to give a urine sample in a year's time.
Admittedly I am speaking mainly of bitinstant -> MTgox. There are probably other services out there where you dont leave a digital footprint.
Hope you're not holding many now. They appear to be on their way down, and quickly!
Gold > Bitcoins
"People think that gold is only used in jewelry , but this is only the tip of the iceberg when it comes to gold usage. Gold is used in dentistry to create gold alloys, fillings and bridges. Gold is used in high quality electronic items to create reliable connectors, switches and relay contacts. Gold is superior to any other metal when it comes to conductivity and is therefore used to mount memory and microprocessor chips to computers’ motherboards. Gold is used in the medical industry as a treatment to a few medical conditions such as Lagophthalmos, which is the inability of someone to completely close their eyelids. This ailment is treated by implanting small quantities of gold on the upper eyelid to create additional weight and help the eyelids fully close with the force of gravity. Gold is also used in aerospace, architecture, glassmaking and many other industries."
Gold is not just a currency folks.
"People think that gold is only used in jewelry , but this is only the tip of the iceberg when it comes to gold usage. Gold is used in dentistry to create gold alloys, fillings and bridges. Gold is used in high quality electronic items to create reliable connectors, switches and relay contacts. Gold is superior to any other metal when it comes to conductivity and is therefore used to mount memory and microprocessor chips to computers’ motherboards. Gold is used in the medical industry as a treatment to a few medical conditions such as Lagophthalmos, which is the inability of someone to completely close their eyelids. This ailment is treated by implanting small quantities of gold on the upper eyelid to create additional weight and help the eyelids fully close with the force of gravity. Gold is also used in aerospace, architecture, glassmaking and many other industries."
Gold is not just a currency folks.
So the government and banks execute a false drop, buy a ton of gold, and the price goes back up.
We're not talking about liquidating here, we're talking about buying. Fake or not it's still an opportunity to acquire cheaper gold and silver for the time being.
This is a prelude to more QE, I think. Besmirch gold's reputation so that it stays down when the next QE happens.
I'd prefer gold over bitcoin too.. but I was just commenting on how dumb the whole putting gold on the eyelids to weigh them down thing sounded. Also, how if that's what someone had to come up with to support gold that's pretty sad sounding.