Precious Metals New Thread 2.0

Maybe.

None of my silver did I pay more than $14.50, so to say "This is the lowest price silver will be......." at $18.43 is a curious statement. But alas, I'm not selling today, so no worries.

 

Kicking myself for not buying some silver and gold sooner, especially when it was down at 15ish.

What sites would you guys recommend buying from?

 

Do you have an eBay account? Shop the big names there first.

 

Shit forgot to look from the home base PC. I do know the eBay deals aren't what they used to be. And I don't see the big companies - BUT This sort of thing ( I never bought from these guys)

https://www.ebay.com/ulk/itm/303005261084

 

Didn't check spot yet today....http://go.usgoldbureau.com/lLKNB000uzld0Z1x20p0Z0L

 

Remember inflation is the death of the dollar.

There is no shortage of oil because of one little fire or a lost ship. These are controlled events to justify something else.

Tariffs are just slag for higher prices = inflation.

So it seams things are starting to heat up.

The economy has not recovered yet and debt is crazy.

I think the honeymoon is over and people are starting to see things are basically the same as 4 years ago. I think that why people are getting back into PMs.

I would also think people are starting to get wise to the crypto scam and coming back to PMs.

 

Silver, ok deal............: https://invest.usgoldbureau.com/1-t...IdklRakpNc0hsTndUQ1d2U056UWR5aHMyZktla1UifQ==

 

Finally Something is happening to these guys.

https://www.foxbusiness.com/markets...ted-for-market-manipulation-racketeering-feds

JPMorgan traders indicted for market manipulation, racketeering: feds

Exclusive: Two JPMorgan metals executives put on leave amid U.S. probe - source

Another ex-JP Morgan precious metals trader pleads guilty to ‘spoofing,’ is cooperating with Feds

Three JPMorgan metals traders charged with market manipulation

 

Where do members discuss finances? I've had concerns about the rumors of the banks quietly being in trouble & borrowing a ton of money.

 

They are borrowing tons of money, that's why we have this forum to discus precious metals as an alternative insurance against all the outstanding debt, falling value of the dollar and over leveraged banks and markets.

After 911 all the physical checks and balances have been eliminated so no one really owns stocks but a promise that you own stocks. Your bank account is legally the banks asset and you are just a debitor of the bank and not first in line if the bank fails. FDIC ins will cover your accounts if a local credit union goes under, but there is not enough insurance to cover even one national bank..( diversify your savings also)... Banks are targeting cash and want a cashless society. Banks will go to negative rates.

The yield curve has gone negative, giving us up to 18 months before a market crash.( they may inflate away like Venezuela)
The fed is lowering rates, that's is bad news not good.
Banks are borrowing a ton of money to stay afloat.
The debt is leveling off but is still crazy high and unplayable.

Bottom line is you need to have a back up plan to protect yourself from all these problems.
Low debt, alternative incomes, emergency cash, hard assets and real diversification.

 

I'm pretty new to PMs. I've been buying for a few years now but I've bought limited run coins, american eagles & some products that are made as pirate themed pieces( mutiny metals). I'm looking to really increase the amount of metal I'm investing in & looking for sources. Best price, most reputable sellers & so on. I've noticed large bars of copper at a few pawn shops, any real value there? Something funky going on & I want to be prepared as much as possible for my large, young family.

 

Copper ?

No.


I can't predict the future. But my guess in really really bad times silver or any PM won't be worth much. Food lighters water energy guns ammo alcohol soap might be worth a lot of metal.

Now some kind of scenario where fiat currency just is not cutting it but societal structure exists PMs may be the ticket.

If you want to speculate on $ value of PMs use ETFs.

 

I didn't think any PM would be more valuable than any item used for self sustenance. Other than being a primo conductor of electricity I can't think of a real use for gold. I'm not the most learned financier but I do see writing on the wall that things arent as they seem. I've got a natural survivalist mindset & it's just clawing at me to get diversity in my investments. I'm seeming $18-20 for silver american eagles, is that good?

 

$18 right now great price. Gold and silver as insurance in your portfolio is a smart move.

 

Thank you sir.

 

There are a lot of places to buy PMs a few have high prices but most are really close.

I mostly stack silver and some gold. Palladium would be my next choice after silver and gold.
Copper stacking is only for scrapping, don't throw away any metals just store them in 5 gallon buckets.
Because of all the silver mining there is a surplus of the other metals right now like aluminum and copper. So they are not a value to buy, but good hold, like old electric motors ect...

Inflation will raise the value off all real hard assets and kill the value of over priced digital assets.

You have to physically mine for metals, they can't be created on a key board like stocks, currencies, cyrptos ect so as inflation comes in the real price of these items will come around.

 

Bank Of America’s Outage Panics Consumers. Here’s What We Know So Far.

No need to panic, Indian banks are safe and stable, says RBI

Scenes From a Chinese Bank Run: ‘We Really Can’t Afford to Lose the Money’

A lot of what we talk about here is happening right now both here and abroad. Both China and India are have bank runs and closures.

Here Bank of america just had outages and bank accounts were frozen.

Remember when you open a bank account that is no longer really your money, you have loaned it to the bank and they can use it almost any way they want. You are an unsecured creditor and get paid last in a bank failure. FDIC insurance can only cover small local banks and don't have the funds to cover even a fraction of a single national bank.

The yield curve inverted that means some type of financial crisis will happen in the next 18 months, according to past data.

Facts not fear...

Banks have announced nearly 60,000 job cuts this year, and German giant Commerzbank is teeing up the next round of layoffs

 

Eastern Kentucky Bank Fails,
Kentucky officials have taken possession of a Louisa bank after determining it was "critically undercapitalized.".

 

Is it better to get silver now compared to gold?

 

Silver is a much better value than gold... You can buy silver now and when the price jumps ( some day ) convert it to gold and win twice.

You can get around 70s oz of silver or 1 oz of gold. But it should trade at 10 to 1.

They are both good but, silver is the better value and many more reasons to buy.