Buy Gold and Silver While You Still Can

My thoughts on recent developments around the world with respect to Silver and Gold.

Category:

People & Blogs

Tags:

• Silver
• Gold
• Fiat
• Peter Schiff
• Financial Collapse
• Dollar Collapse
• Investing
• Banking System
• Black Monday
• Depression
• Recession

[trumpsahead]

My silver dealer insists the best way to buy silver is Mint Condition Coins that have a Premium placed on them. The coin dealer says you would get a premium Over spot price when you redeem them.

When we're in Depression & silver is $250 oz & currency of choice, how does silver keep its mint condition when used in daily transactions? & who would give a damn whether coins are mint or not and pay Over spot price as dealer suggests?

Isn't it Wiser to buy Used/Not Mint coins and save the Premium?

[FongoBongo]

@trumpsahead

You answered your own question Trump. Who gives a crap about the premium. One once of silver is still one once of silver as long as it is. If it's a maple or eagle it doesn't matter. I started buying a bucket load of once oz Scotia Bars (one of the big three banks in Canada). You don't pay a premium and it's .999 silver nonetheless. You can buy sheets of one oz bars.

[WJValente]

What about buying platinum or palladium?

[FongoBongo]

I wouldn't really recommend buying either since they're materials used as capital inputs. While the price palladium/platinum are at historical lows its still a substantial buy.

Why not put your fiat money into silver? It's fairly affordable to the average person and its price is severely suppressed. Its a great way to protect against inflation which is inevitable. The inflation genie has been released by the Fed and other world central banks with their artificial interest rates and big spendng

[ragnartrading]

ETF's are just another derivates the banksters scamming people out of their money . Buy real money with worthless paper cash . By real money I mean gold-silver . there is still some physical gold-silver left in markets and coin stores .

I go to local coin store every week and buy 10oz of silver rounds ( $ 150.00) as of today. That's almost $ 3 dollars over the paper contract price but believe me it is still a great deal.

When the sh%^&t hits the fan , it is going to be a hell of a ride !!!

[FongoBongo]

I agree. Maples are indeed beautiful but I also like bars such as JM or Engelhard. I also like Austrian Philharmonics although the quality is not as high.

[9pt9]

I don't believe there is a silver shortage. I buy some every month and only wait like 10 days for it to come. The prices would be a lot higher if that were the case. I wish there was a shortage! But people are still dumb enough to hold fiat.

[ouruhuru]

Bretton Woods ended in 1971.

[superhawkn]

True other commodities may have even more demand than silver or gold. Like food but how do you hoard meat,fish,milk,beer,coffee. Ok we can hoard coffee and cigs lol. But what else is there really fiat money is trash. Something is better than nothing I am looking at silver $37 coin

[THERollyboy123]

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[rockbay79]

Silver for $9.00 an ounce. Tthose were the good old days. :)

[JohnLeeMD]

@MrMaxTruth If that were to happen, it would most probably be in response to some sort of financial collapse. What makes you think ANYONE, after witnessing what the government has done during this financial mess so far, would agree to hand over their precious metals to the government?

[flyguyinmotion]

Good listening to someone that knows what he's talking about. Good job.

[visionary1100]

SILVER IS CRASHING DUDE! IT HAS VERY LITTLE INTRINSIC VALUE. THE BUBBLE WAS BUILT ON LIES FROM CROOKS LIKE MAX KEISER!

[ytrogergt]

@ArgentPure ... They even put some housewife on the back! Such a boring coin. The Queen has lost her crown!