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 Replies: 22 / Views: 5,709 |
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New Member
Canada
20 Posts |
Stick to what is near to spot for investing. You can go with some limited mintage bullion 2$ or 3$ more than regular bullion so you can sell it after for a 2$ or 3$ more or you loose your 2$ or 3$.
But never touch to numismatic unless its for pleasure. Because you will loose more than 75% of your money when selling quickly !
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Pillar of the Community
United States
4333 Posts |
Roll hunt. Silver for nothin, halves for free. I mean face value.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
 Canada
10 Posts |
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Pillar of the Community
United States
4333 Posts |
I also ask what is your reason for stacking. Long term insurance? Not a good investment at all today, unless you can buy under spot and sell much higher.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Canada
1051 Posts |
PM's are a poor investment. If you want to make money, buy some solid, dividend paying stock and cash out years down the road...and then you can buy far more PM's than you'll be able to stack in the meantime. The stock market is a rigged casino, but if you want to make money, it's still the best way to do it. It's temporarily making a deal with the devil in order to do the right thing in the end.
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New Member
Canada
20 Posts |
PM are for protecting your wealth not an investment like stocks or other products. So as we said before if you want to protect your wealth go with regular bullion. If you want to waste your money buy numismatics. Regular bulllion is like buying a house. Numismatic like buying a ferrari its beautiful to look at and drive but if you want to sell it buck to ferrari or in kijiji you will be surprised how much you will loose !
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Pillar of the Community
United States
4870 Posts |
I would like to recommend the beautiful 10 oz Royal Canadian Mint silver bars. They are sharp and hefty! |
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New Member
Canada
10 Posts |
Thanks guys.
Yeah I understand right now it could be a meh investment and it certainly isn't for a quick buck this will be a long term thing. I think of it like a backup
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Pillar of the Community
Canada
1051 Posts |
Jamesownz: gold Eagles are great, but just keep in mind that because they are not pure gold you'll be taxed on the ones you buy in Canada. For those of us in BC, a gold Eagle will go from $1654 (current SGB price) to $1852.48 after tax, almost $200 in taxes. Same deal with Krugerrands. Frustrating.
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Valued Member
United States
114 Posts |
I've bought some junk silver when it's been in the $15-$19 range. I bought it mostly for wealth preservation, a little because I like coins, and in the off chance silver jumps up to levels earlier in the decade I'll make out, but I'm not counting on that anytime soon. I've learned to buy when there's bonus ebay bucks, you can get it close to or below spot. |
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New Member
Canada
10 Posts |
1cent: yeah that would be frustrating ill probably stayvaway from eagles...is it the same for silver too?
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Pillar of the Community
Canada
1051 Posts |
For silver it needs to be .999 pure, for gold and platinum the minimum is .995 to qualify as pure bullion and avoid taxes. Palladium is always taxable, no exceptions.
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New Member
Canada
10 Posts |
Just bought my first tube of Silver Maple Leafs the incuse version..got them yesterday when silver tumbled.
Should be fun fun
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Pillar of the Community
Canada
586 Posts |
Are they one once silver maples....
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New Member
Canada
10 Posts |
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Replies: 22 / Views: 5,709 |
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First Page
Posted 08/30/2018 12:16 am
