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What To Buy? Gold, Silver, Or Platinum?

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rachums107's Avatar
United States
3345 Posts
 Posted 10/03/2011  5:50 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
PLATINUM

dude, its always way above gold but now its not, so get some while its cheap!
New Member
petesabout's Avatar
United States
16 Posts
 Posted 10/03/2011  6:47 pm  Show Profile   Bookmark this reply Add petesabout to your friends list Get a Link to this Reply
Actually, I disagree.
Silver all the way.(for me)
Currently on a massive low at just over $30 oz.
Unless you intend to sell elsewhere when the time arrives, buy it in medium sizes. 5oz - 10oz bars.Ebayers pay well in excess of it's spot for these sizes. Kilo buyers want spot price only which is good if you've gained a load already, but why why settle for good when you can have brilliant!
If you go for gold, get small 1/20th ounce stuff like the Australian lunar series coins.The majority can only afford to buy in small pieces and pay well over the top. You can currently buy these at A-ha lol,for $112 and bang them straight on ebay for a quick $50 profit.
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petesabout's Avatar
United States
16 Posts
 Posted 10/04/2011  12:21 pm  Show Profile   Bookmark this reply Add petesabout to your friends list Get a Link to this Reply
Is this an investment?
if that's the idea, then I would buy a few rolls of Delaware State Quarters.
Why?.... It has the lowest mintage figures of the whole program, and with that in mind people have been breaking open rolls and sets like kids with candy.
The price for a single quarter in MS67 + has shot through the roof,causing even more mayhem to the point of there now being so few rolls left,there's only one way for these to go.
Now,here's a thing.........
People can't get to grips with rolls and are so under informed of what a roll is and where it comes from, that certain rolls are left sitting on a shelf.
The US mint does NOT wrap rolls! A roll wrapped in the orange and black paper with "mint roll" splattered all over it is absolutely the same as a bank wrapped roll.
All the coins are shipped from the mint in $1000 bags and often bigger to the tune of x 10.
The company contracted to deliver to the banks then wrap these.Banks that can afford wrapping machines will get the said $1000 bags and do their own wrapping.
Having said all that, the first half dozen State Quarters released,never actually came in "mint rolls", perhaps there was no official contractor at the start.
So which rolls? There are some that are snapped up by places, that then wrap independently with their own wrapper and stuff them in nice boxes with a little bit of blurb on the state and some facts.
These are often treated with a lot more respect than the contractors or banks give them.
Chances are, you'll get a better coin inside and that's what people hope for when they break them open.
Currently channeling out at around $30 a roll, you can hedge a bet that these will reach triple that within a year.
Jump the gun?... I'm guessing Oklahoma next!
Valued Member
phil5280's Avatar
United States
146 Posts
 Posted 10/04/2011  1:15 pm  Show Profile   Bookmark this reply Add phil5280 to your friends list Get a Link to this Reply
And it is interesting to note WHY silver is so low and is the way you should go. Look at the margin hikes that the CME Group in Chicago has tacked on to the silver markets in the past 6 months. I believe silver has had more margin hikes than gold and oil combined. This smells like manipulation in my opinion. The hikes make it virtually impossible for the smaller players to participate as they have been priced out.
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nod2003's Avatar
United States
3294 Posts
 Posted 10/04/2011  3:20 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Just a note, Delaware quarters are not the lowest mintage, Maine was quite a bit lower. Unless you are talking about silver proofs, then Delaware is tied for lowest.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 10/04/2011  4:10 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
If you don't know what you want then don't buy anything. Take the time to learn about investing in bullion before you just dive in and you will be better off in the long run. It seems the bubble gold was in has sprung a leak and who knows how much further it will drop. Silver is being mined like never before and will probably settle down to a much lower level. Platinum is on the rise from a record low in recent history but will it maintain its ascent? Who knows. $200.00 isn't enough to make any difference in what you buy as far as bullion goes. I wouldn't buy bullion in today's environment, I would buy coins with solid numismatic value as they will ultimately bring you more satisfaction than a chunk of white or yellow metal. Jut my opinion and you have the right to accept or reject it.

Ed
ANA LM-3175
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