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Which Precious Metals To Buy

 
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United States
1411 Posts
 Posted 06/17/2015  1:09 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
Money Metals Exchange - Our Specialists get this question more often than any other. Of course, by the time someone calls (or visits MoneyMetals.com), they have already done a lot of the most critical thinking. They understand why it is important to own physical gold and silver. And they are planning an investment in low-premium bullion rather than over-priced, illiquid, and scam prone collectible coins.

When it comes to choosing which bullion products to buy, the decisions get a whole lot easier and big mistakes are unlikely. We suggest just a few basic guidelines:

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United States
6427 Posts
 Posted 06/17/2015  4:45 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list Get a Link to this Reply
Depends on the silver/gold ration.
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United States
2568 Posts
 Posted 06/17/2015  10:06 pm  Show Profile   Check XavierOfGreen's eBay Listings Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
if your looking for the long term, I would say rhodium. Just hold on and wait until another supply shortage.
Oldest Found-------
Cent: 1842 (from machine) ---- Three Cent: 1866 [Nickel] (from machine)
Nickel: 1883 (from roll) ---- Dime: 1911 (from roll)
Quarter: 1932 (from machine) ---- Half: 1917 (from roll)
Dollar: 1880 (from machine) ---- Foreign: 1863 (from machine)
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United States
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 Posted 06/17/2015  10:39 pm  Show Profile   Bookmark this reply Add Hibernias to your friends list Get a Link to this Reply
I think that silver is a better choice if you're not going to invest seriously. One ounce of silver is under $20, and is probably good for short-term investments, but gold requires a much bigger financial commitment.
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170 Posts
 Posted 06/19/2015  4:53 pm  Show Profile   Bookmark this reply Add Gold4Ever to your friends list Get a Link to this Reply
If you did as you say and collected silver because of the cheaper buy in and one gets there feet wet.. at what point would you use the gold to silver ratio if you stack silver as I am sure you would not want to trade all of it for gold?

but I feel the silver market will never get out of hand like the gold market could as one could always afford the silver market even at $50 pre oz vs gold at $2000 pre oz .
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 Posted 06/19/2015  10:02 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
NONE of the PMS are worth buying right now... anyone who buys now will be waiting for a long time to see any sort of return...

buy only when the market turns in your favor...
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 Posted 06/20/2015  06:43 am  Show Profile   Bookmark this reply Add SilverTracker to your friends list Get a Link to this Reply
Invest in both.
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Canada
3682 Posts
 Posted 06/20/2015  11:34 am  Show Profile   Check Libertad's eCrater Listings Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Usually I don't agree with Mr. Yup, but these days I have to say it's changed a bit. My take on it is that if you don't have a "need" for the metal then stay away from it. It's a shiny luxury and nothing more. If the price really starts taking off and you have the lucky foresight to buy some early then you're doing well, but don't ride that wave forever and get stuck with all that gold and silver.

Sorry Xavier, I have to disagree on the rhodium bit. Who is going to buy rhodium at the top? Ask ten people on the street what is rhodium, then ask them what is gold.
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 Posted 06/20/2015  5:55 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
I feel terrible when I read all these forums with questions about whether its a good time to buy or threads that ask which is a better investment or is now the time buy.

In fact, its really depressing. That is right I said depressing. Why?

For starters, I have observed and seen this same type of behavior and comments in ALL assets classes and I have seen it in fellow traders and investors who have bigger pockets or run more money than one could think possible so it is not just the public who does.

So what behavior am I talking about?

I am talking about the outright disregard and almost fanatical love affair with a certain asset class. Again, I have seen this in all assets. Throughout the years, there have been "cults" or "followers" of a given class, maybe is a certain stock, maybe its a commodity, other times its a type of bond... but in any case, whenever there are strong feelings for that particular asset class, you always get the "I am buying for the long haul" or the "this is a great bargain" when that particular asset is struggling.

Look folks, financial markets are hard enough trading EVEN when you put the probabilities on your side. When you add into the fact that an asset is stuck in a downtrend or doing nothing, putting money into it in large sums, whether it be 100 dollars or 100,000 is a big mistake and no no.

Buying assets when they are not in favor or trend less market is not wise and a sure way to throw good money away.

But hey, its not my money and I would hate to see someone who is constantly buying silver and gold on a regular basis and putting hopes on a turn around in either the near or long term see their purchases go lower on them.

Markets do not work on hope and the notion of "long term" does not exist either.

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 Posted 06/21/2015  12:03 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Invest 5% - 15% of PM or numismatic coins that you like, and no more. (Everybody need their fix!!) If you have extra money! Invest elsewhere...

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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United States
170 Posts
 Posted 06/21/2015  10:03 pm  Show Profile   Bookmark this reply Add Gold4Ever to your friends list Get a Link to this Reply
I can see your point of view for someone that has been buying since 2011 at higher prices and setting on it but for someone that has started recent because (this year) of lower prices I really don't see your point of view because there is a time to buy and it's not on rising prices as that wouldn't be any kind of deal and it's always known that June and July is the best time to buy in PM ..

I stated back in March this year from zero and I have really lost noting because I have been buying at the cheapest prices I can find but the goal is not to make money but to exchange my dollars as I have fears that the dollar may be replaced someday and I need to hold onto todays dollar value to use later and time is running out with the sell off of bonds by Russia and China.
Edited by Gold4Ever
06/21/2015 10:11 pm
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3787 Posts
 Posted 06/21/2015  10:58 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
actually I was long gold way back in 2005 and added on the way up in 05,06 and then just rode it to the top.

the problem with buying again is gold and silver are doing nothing at all and any purchases at these levels increase the probabilities of gold and silver going lower, not higher.

again. buy when its in your favor, not when you think or your opinion but based on what the market is doing.

clearly the market has no zero interest in gold and silver and therefore right now is a horrible time to buy gold and silver.

I might also add that in financial markets, there is no such things as a bargain. Therefore, just because silver and gold are lower than their previous highs is by no means screaming "buy". Rather, it is saying that going forward the markets do not see any reason for them going higher.
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170 Posts
 Posted 06/22/2015  11:00 pm  Show Profile   Bookmark this reply Add Gold4Ever to your friends list Get a Link to this Reply
There are a few thing people are not seeing right now and that is a strong dollar with 0 interest rates which is 100% wrong because interest rates is what makes the dollar strong and it means the rest of the world is in that bad of shape vs the dollar and we can not trade like that as no one can afford our goods and whats keeping PM at bay for now.

Most of the experts say that PM will rise over time but the decline in prices will shut mining down over time if they can not make a profit (mining vs spot price)and this will rise PM because of demand vs no mining.. most think we have 5 years tops before this whole banking (FED/IMF)comes falling down. So it's your choice to use the fake strong dollar vs low PM prices or not as an exchange of holding current dollar value for a later date.
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Canada
576 Posts
 Posted 06/23/2015  09:33 am  Show Profile   Bookmark this reply Add Liverpool to your friends list Get a Link to this Reply
If the good ole USA and it's banking system fails I do not believe that a bag of silver will get you very far. Trust and take care of your neighbours, that is the heart of rebuilding a civilization.

I would rather have neighbours, friends, and family that I trust than the stack of PMs.

My opinion is buy some PMs if you like if you have money to spare. That is if all of your bills are paid and you can afford Starbucks fancy coffees. Maybe stop buying coffee and invest that.

I think that the western economies are going to do fine (bumpy but fine).
Edited by Liverpool
06/23/2015 10:30 am
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576 Posts
 Posted 06/23/2015  10:26 am  Show Profile   Bookmark this reply Add Liverpool to your friends list Get a Link to this Reply
A little more.
The movies Mad Max, The Postman, Day After tomorrow, The Road (found this one un nerving), Water World are pretty cool but I don't subscribe to end of the world beliefs. Not sure what Fiat is other than an Italian automobile.
Life is good.
Edited by Liverpool
06/23/2015 10:32 am
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United States
405 Posts
 Posted 06/23/2015  11:45 pm  Show Profile   Bookmark this reply Add cjspearsdog to your friends list Get a Link to this Reply
Yup, I totally disagree with you for my situation only. I am a horrible saver/investor and I live pretty much paycheck to paycheck but PM's have been a great way for me to save and get a ROI. They are extremely liquid but yet are not necessarily spendable like a savings account or a pile of Benjamins under my bed. PM's can be bought in 5, 10 ,20 or 1000 dollar increments unlike stocks and they do not have all sorts of fees and taxes attached when it is time to liquidate. And all this being said PMs still have a decent chance of being a good long term investment if I choose to do so. And no I do not have ALL my money in PMs. My wife has a 403-b and I have a Roth granted very little in it. Just my two cents

Cory
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