Stacking/buying Gold and Silver?

tonyride

tonyride

Don't piss off the red guy
Anyone here dabble in those two precious metals? I'm not talking heavy investors but rather buying some just to have around and maybe eventually grow your inventory in case the dollar goes to crap.
 
if the dollar goes to crap, I'd have ammo and gasoline on hand.

to your point tho, I have a friend that buys it on subscription. when he gets over a "bar", they deliver it to him.
I don't know if that is 1oz bars or more
 
I don't buy or store the physical, my gold exposure is in the GLD ETF which granted, if the financial system were to go the stone age, I might not be able to recoup, but I guess that goes for all my investments.
 
Patrick said:
if the dollar goes to crap, I'd have ammo and gasoline on hand.

to your point tho, I have a friend that buys it on subscription. when he gets over a "bar", they deliver it to him.
I don't know if that is 1oz bars or more
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I have tons of ammo for all of my firearms too, no gasoline though. I do have 3 5-gallon gas can and a 2.5 gallon one. I suppose I can fill them up and get a bottle of Stabil to keep them around and rotate the inventory once in a while. As for silver bars, the most common ones are 1, 10, and 100 oz. and 1 kg. I just got a 10 oz. coin myself.
 
tonyride said:
I have tons of ammo for all of my firearms too, no gasoline though. I do have 3 5-gallon gas can and a 2.5 gallon one. I suppose I can fill them up and get a bottle of Stabil to keep them around and rotate the inventory once in a while. As for silver bars, the most common ones are 1, 10, and 100 oz. and 1 kg. I just got a 10 oz. coin myself.
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and Rum.
correct ammo-to-rum ratio is critical. I'm not sure what it is, but.... 😉
 
What are gold bars paying in dividends currently?

I agree gasoline & ammo is a better SHTF investment. And canned food.
 
Santapez said:
What are gold bars paying in dividends currently?

I agree gasoline & ammo is a better SHTF investment. And canned food.
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I'm sure your question in rhetorical but you don't "invest" in gold, silver, or any precious metals the same way you would stocks. Those are hedge against the dollar dropping. You just kind of buy them and leave them in the safe. If and when the value of the dollar tanks the value of the metals will be way up. At least what's what I do. They're also good when you're down on your luck and need cash, you can always cash them in. But to sort of answer your question, I bought 2 ounces of gold in October, 2023 for $1950/oz. Today the price dropped a bit to around $2350 but it was up to over $2400/oz. Gold prices are at historical high so I won't be buying anymore anytime soon but silver has a lot of room to grow.

I bough those buckets of freeze dried emergency food supply that's supposed to be good for 25 years. I date marked them so in about 20 years we're going to eat them up and buy some fresh ones. Geez, I sounds like a prepper.
 
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tonyride said:
I'm sure your question in rhetorical but you don't "invest" in gold, silver, or any precious metals the same way you would stocks. Those are hedge against the dollar dropping. You just kind of buy them and leave them in the safe. If and when the value of the dollar tanks the value of the metals will be way up. At least what's what I do. They're also good when you're down on your luck and need cash, you can always cash them in.

I bough those buckets of freeze dried emergency food supply that's supposed to be good for 25 years. I date marked them so in about 20 years we're going to eat them up and buy some fresh ones. Geez, I sounds like a prepper.
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Yes, I know how the gold works. I feel if things actually get that bad, nobody is buying gold to gold plate their toilets.

Those buckets should be like insurance. In 20 years throw that shit out and buy another lot of emergency food supply.
 
going around again, if the dollar collapses, nobody is going to buy your gold.
they are going to steal it. It won't do them any good, but they'll want it anyway, to pay tax to the person with all the guns.

now, if the market goes to shit cause of AI, and money is no longer valued, then it is a good deal.
assuming society remains functional at some level.

Free energy would cause something like this.
everything would be automated
including FSD trucks 😀
 
Santapez said:
Yes, I know how the gold works. I feel if things actually get that bad, nobody is buying gold to gold plate their toilets.

Those buckets should be like insurance. In 20 years throw that shit out and buy another lot of emergency food supply.
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So your question was rhetorical then. If things get that bad people will still need to trade for goods and services. At that point money is worthless (or worth a lot less) so precious metals are the most viable thing worth exchanging for.
 
tonyride said:
So your question was rhetorical then. If things get that bad people will still need to trade for goods and services. At that point money is worthless (or worth a lot less) so precious metals are the most viable thing worth exchanging for.
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I would say food, building supplies, clothing, etc would exceed gold. Fuel of any type for cooking/heating.

But to the original point, seems Costco is just making the gold buying thing easy.
 
Was buying ever difficult? Been buying gold, platinum and diamonds for years online. Signed at delivery and never a problem.

@tonyride which dragon coin did you get? They are the most collectible and the appreciation grows with the larger ones. Smaller than an ounce usually not popular
 
Patrick said:
going around again, if the dollar collapses, nobody is going to buy your gold.
they are going to steal it. It won't do them any good, but they'll want it anyway, to pay tax to the person with all the guns.

now, if the market goes to shit cause of AI, and money is no longer valued, then it is a good deal.
assuming society remains functional at some level.

Free energy would cause something like this.
everything would be automated
including FSD trucks 😀
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Hmm, keeping seeds for emergency use like Monsanto may be the ticket. Better than gold when the time comes...
 
qclabrat said:
Was buying ever difficult? Been buying gold, platinum and diamonds for years online. Signed at delivery and never a problem.

@tonyride which dragon coin did you get? They are the most collectible and the appreciation grows with the larger ones. Smaller than an ounce usually not popular
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It's not a coin, it's a 1 oz bar. It is sealed in plastic with serial number printed on the back. Also comes in a sleeve. I got this from Costco.com so getting it is as easy as getting anything from their website except you'll have to sign for the package. Aside from Costco there are a dozen of other reputable online bullion retailers in the US you can get precious metals from. I've ordered from JM Bullion and they sell these too but a simple search for gold and silver will come up with a bunch online retailers. Many will also buy from you as well.
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I won't get into the no intrinsic value thing...because I just did. What do I know, people get rich off of crypto coins named after dogs. But the one thing I'd be concerned about would be home theft. No safe is really safe. If you're talking about 0.5% of your wealth, whatever. If you're getting closer to 5%, I'd be concerned.
 
goldsbar said:
I won't get into the no intrinsic value thing...because I just did. What do I know, people get rich off of crypto coins named after dogs. But the one thing I'd be concerned about would be home theft. No safe is really safe. If you're talking about 0.5% of your wealth, whatever. If you're getting closer to 5%, I'd be concerned.
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I don't have anywhere near my wealth in precious metals, maybe a hair under 1%. I have firearms I hope I never have to use (for self defense), I have emergency food supply I hope I never have to use, I have car and home insurance I hope I never have to use. This, other than for S&G, I hope I never have to use them either. I guess at this point I'm just having fun with it. If and when I get bored of them I'll just sell them or leave them to my kid. Just wondering if anyone else dabble in precious metals.
 
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