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Survival and Preparations Long and short term survival and 'prepping'.

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  #5521  
Old 05-01-2019, 12:47 PM
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Surely they still sell because of the price of a single ounce of gold, but I wouldn't buy fractions; you pay a huge premium (multiply the fraction out to a full ounce) and you'll never use the thing to buy anything or barter. It just doesn't make sense for me to buy fractions. But like TheChief said; you can give smaller fractions to kids as gifts and they'll cherish it more than my 1+ ounce investment mindset.
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  #5522  
Old 05-02-2019, 6:56 AM
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The premium on fractional AU is actually still better than the premium percentage seen on AG.

Of the folks I know that use fractional AU, the thought is more about when prices appreciate you will hit the reporting threshold faster, requiring paperwork when/if you sell.
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  #5523  
Old 05-02-2019, 9:42 AM
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Quote:
Originally Posted by 1to3 View Post
The premium on fractional AU is actually still better than the premium percentage seen on AG.

Of the folks I know that use fractional AU, the thought is more about when prices appreciate you will hit the reporting threshold faster, requiring paperwork when/if you sell.
What reporting threshold? The $10k one for banking? If so how does that come in to play with PMs?
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  #5524  
Old 05-03-2019, 7:09 AM
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Quote:
Originally Posted by TheChief View Post
What reporting threshold? The $10k one for banking? If so how does that come in to play with PMs?
Certain PM's, or amounts of PM's, require a 1099B when selling. (So the government can get a capital gains tax on any profit you might realize.)
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  #5525  
Old 05-03-2019, 8:47 AM
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Quote:
Originally Posted by TheChief View Post
What reporting threshold? The $10k one for banking? If so how does that come in to play with PMs?
Quote:
As with other types of businesses, the overwhelming majority of precious metals transactions are conducted without any reporting requirement. However, dealers are subject to the anti-money laundering provisions in the deceptively named “Patriot Act,” enacted in 2001.

For a disclosure requirement to be triggered, BOTH of the following conditions have to be met:

The transaction is (or related transactions are) larger than $10,000 in size, AND
Payment is made using actual cash (i.e. Federal Reserve notes and US coins) or with two or more cash instruments (defined as money orders, cashier's checks, or traveler's checks) which, individually, are $10,000 or less but when totaled together equal more than $10,000. Personal checks, debits, bank wires, and credit card payments are NOT considered cash or cash instruments, and, therefore, purchases using them do not trigger disclosure by a dealer regardless of their amount(s).
Source: https://www.moneymetals.com/news/201...porting-000675

Capital gains taxes are another beast.
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  #5526  
Old 05-07-2019, 4:33 AM
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If I wasn't trying so hard to pay off credit cards...
I had magazines to buy during "freedom week"!

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  #5527  
Old 05-07-2019, 5:31 AM
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Originally Posted by the86d View Post
If I wasn't trying so hard to pay off credit cards...
I had magazines to buy during "freedom week"!

The problem I have is dealers are still asking over $2;+ an ounce over spot. If anyone has a lead on Canadian maples for less than 2$ premium I would be interested (current production 2017-2019 not random years)
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  #5528  
Old 05-07-2019, 11:17 AM
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I think, as I recall, one of my local shops sells them about the same price as rounds... $1-$1.5 over, not BU, AND random year bin though.
Not giving that info out though...
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  #5529  
Old 05-13-2019, 4:32 PM
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Less than a 1000 700 to go!
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  #5530  
Old 05-16-2019, 3:04 PM
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Resellers have to pay rent, utilities, in this case security, and sales people. $2 or more over spot isn't unrealistic unless you are buying 100's of ounces. I'm curious what is the difference between current production 17-19 vs random years though?

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The problem I have is dealers are still asking over $2;+ an ounce over spot. If anyone has a lead on Canadian maples for less than 2$ premium I would be interested (current production 2017-2019 not random years)
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  #5531  
Old 05-17-2019, 6:16 AM
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Fellas, I was told "to the moon" and gold/silver could hit a million dollars a gram in my lifetime. I bought a bunch of this stuff and it went up a little and its back down to the price I bought at. I spent my entire life savings on this get wealth rapidly scheme. I'm beginning to think some in this thread aren't too certain what the price of Au/Ag will do.

I've saved up a bit more money by eating nothing, ramen, and ketchup packets since my first purchase, but I'll spend everything I've got again hoping Trump crashes the economy. Then I'll be living high on the hog!

(This post contained some sarcasm)

I am considering buying some more now that its back low again.
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  #5532  
Old 06-03-2019, 3:15 PM
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I think this is now the most viewed thread. It is in Survival and Preparations. Not sure how it stacks up outside of this forum though.
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  #5533  
Old 06-03-2019, 3:30 PM
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Quote:
Originally Posted by OutlawStar View Post
Fellas, I was told "to the moon" and gold/silver could hit a million dollars a gram in my lifetime. I bought a bunch of this stuff and it went up a little and its back down to the price I bought at. I spent my entire life savings on this get wealth rapidly scheme. I'm beginning to think some in this thread aren't too certain what the price of Au/Ag will do.

I've saved up a bit more money by eating nothing, ramen, and ketchup packets since my first purchase, but I'll spend everything I've got again hoping Trump crashes the economy. Then I'll be living high on the hog!

(This post contained some sarcasm)

I am considering buying some more now that its back low again.
I've posted on this thread before, and earned some hate. But I think my advice is sound for practical reasons. Stay away from metals in general. There are a few reasons for it, but if you do decide to get in on it, only buy gold and avoid silver. This mainly has to do with potential value and storage ability (doesn't take up much space).
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  #5534  
Old 06-09-2019, 12:55 PM
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PM's are a great investment. But should only make 10% or less of your portfolio...
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  #5535  
Old 06-10-2019, 5:05 AM
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Quote:
Originally Posted by Coolguy101 View Post
I've posted on this thread before, and earned some hate. But I think my advice is sound for practical reasons. Stay away from metals in general. There are a few reasons for it, but if you do decide to get in on it, only buy gold and avoid silver. This mainly has to do with potential value and storage ability (doesn't take up much space).
1oz and 1LB Troy bars don't take a ton of space, nor do tubes if stashed correctly.
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  #5536  
Old 06-21-2019, 11:59 PM
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Gold and silver are up the last couple days
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  #5537  
Old 06-22-2019, 3:44 PM
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So is gas, bitcoin and stocks. FWIW

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Gold and silver are up the last couple days
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  #5538  
Old 06-22-2019, 8:09 PM
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Quote:
Originally Posted by GW View Post
Gold and silver are up the last couple days
The Fed didn’t raise rates. The “trade wars” are getting settled. The markets are moving up, and metals will recede.
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  #5539  
Old 06-22-2019, 9:39 PM
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I hope so, as I have ammo to buy until the end of the month...
and I just paid off my car, so back to stacking.
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  #5540  
Old 07-04-2019, 10:57 AM
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Provident Metals: INDEPENDENCE DAY SALE
$5 off and free ship for orders over $99.
Code: JULY5OFF
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  #5541  
Old 07-04-2019, 11:12 AM
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Quote:
Originally Posted by TheChief View Post
Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?
So, six years later, you’re almost even.
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  #5542  
Old 07-27-2019, 9:51 PM
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Quote:
Originally Posted by therealnickb View Post
So, six years later, you’re almost even.
Yep! Gold is about the same but silver is about $10 less an ounce than where it was at the start of the thread.
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  #5543  
Old 08-08-2019, 12:12 PM
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Gold @ $1506 (gold up 28% since Aug. 2018 when it was $1180/oz)

Silver @ $17.02 Silver up 4% yesterday, 7% this week, and up 20% since June, 2019

Just recording the data
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  #5544  
Old 08-10-2019, 1:53 AM
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But what's it all mean?
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  #5545  
Old 08-10-2019, 2:44 AM
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Quote:
Originally Posted by GW View Post
But what's it all mean?
Intrinsic value...

Look at a $20 gold piece from 1880's

So what that means is what $20 was then = $1500 today.

Inflation my friend.
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  #5546  
Old 08-10-2019, 3:25 PM
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Quote:
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But what's it all mean?
Gold is not a great hedge against inflation, it's a great hedge against Central banks screwing up the world.
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Old 08-11-2019, 12:54 AM
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No
I'm asking what the rising price of gold is in terms of coming recession or depression or knee jerk reaction to trade war with China or what?
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  #5548  
Old 08-11-2019, 7:18 AM
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Quote:
Originally Posted by wpage View Post
Intrinsic value...

Look at a $20 gold piece from 1880's

So what that means is what $20 was then = $1500 today.

Inflation my friend.
Is that correct? That is an actual question as I don't know.

Was the face value of a a U.S. Treasury minted gold coin ever actually used as the overall value of that coin or has it always been significantly lower than the bullion value of that coin?
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Old 08-11-2019, 10:31 AM
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Would that not mean gold has not kept up? I'm pretty sure $20 in 1880 bought more than $1,500 today?


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Intrinsic value...

Look at a $20 gold piece from 1880's

So what that means is what $20 was then = $1500 today.

Inflation my friend.
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  #5550  
Old 08-17-2019, 11:57 AM
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Now that I'm in the black on PMs, wheres the best place to sell? Back to apmex? sell to a local pawnshop? *shudder* craigslist?
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  #5551  
Old 08-17-2019, 12:41 PM
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If you offer to sell at spot on the forum here in the market place or craigslist you are ahead of the retailers and better than the "we buy" people.

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Now that I'm in the black on PMs, wheres the best place to sell? Back to apmex? sell to a local pawnshop? *shudder* craigslist?
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  #5552  
Old 08-18-2019, 2:01 PM
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Quote:
Originally Posted by GW View Post
No
I'm asking what the rising price of gold is in terms of coming recession or depression or knee jerk reaction to trade war with China or what?
As the charts/urls below will point out, it's none of the above. Bear in mind, the complete set of data below has only come out in the last week (all four points.)
(I pieced together the stories myself...)

Not sure how the data will be displayed. But here goes.

(Hopefully) Chart 1 and/or Chart 2 will display the negative interest rate vs. gold price. Pretty clear correlation with ever-growing negative interest rates, the price of gold goes up (Because buying gold is better than Central banks stealing your money for negative rate bonds.) Currently, $16 Trillion in negative yield bonds.)

3rd Chart should show the USA as one of a handful of Central banks with positive interest rates.

Next, Two Senior Exec Fed. Reserve official told people at the Bretton Woods 75th Anniversary meeting (end of July, 2091) the Fed is taking interest rates to ZERO AND strongly implied negative interest rates! Start at the 6 minute mark of this video. http://www.youtube.com/watch?v=-_oZ_A6C8JM&t=1281s

Lastly, on Friday, Jerome Powell placed a complete gag order on the Federal Reserve Board. After running their mouth like rock stars on cocaine since 2005 to manipulate the markets, suddenly and inexplicably a complete gag border is in place.

Because the Federal Reserve was telling their buddies, future Central Bank policy so they could profit from it. Rickards has always shared 'stories' that were a few years old (and you could find his source.) But this story by Rickards was a a few weeks old, after the story came out then 10 and 30 year bond rates collapsed in the last week. (30 US Treasury bonds fell below 2% yield on Thursday, for the first time in history!)

http://www.zerohedge.com/news/2019-0...sidents-report

So with a 90+% correlation of negative yielding Interest rate bonds to increasing gold prices, coupled with a confirmation that an additional $23+ Trillion in US debt is going to negative interest rates, gold is going to go on a tear upward.

Last edited by bv141; 08-18-2019 at 3:39 PM..
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  #5553  
Old 09-01-2019, 1:57 AM
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Out of state purchase .50 over spot:
Englehard bar
A few Englehard prospectors
A few 1/2 oz Perth sharks
1.5oz Wolf maple

Not a bad free-state purchase, and no tax (I guess tax stopped 2017 for AG and AU).
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  #5554  
Old 09-11-2019, 7:04 PM
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Trump is ordering the Fed to go to zero or negative interest rates......not good for the future but really good for gold and silver.

Was at LB Coin show, a dealer had $5-10-20 Liberty gold coins for spot and nobody was buying. By the end of the show he sold 5-10 coins out of 80 he brought.

Last edited by OCGunFan; 09-11-2019 at 7:12 PM..
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  #5555  
Old 10-14-2019, 4:26 AM
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This came up as an auto-next video looking to clean tarnish from copper wires:

https://www.youtube.com/watch?v=2sZUAprS5KI

$48.07 yield, per today's gold spot, but I'd rather just work about an hour of OT...
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  #5556  
Old 11-08-2019, 11:04 AM
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The end of the year drop in AG begins...
16.91/oz, so about a dollar drop since the beginning of the month,creep-up...
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Old 11-14-2019, 7:13 PM
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Anybody else get in on the reverse proof silver eagle that was released today and sold out within 10 mins? It’s supposedly the lowest mintage ASE ever and is already going for 500-1k on the bay.
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  #5558  
Old 11-26-2019, 8:17 PM
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Quote:
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Anybody else get in on the reverse proof silver eagle that was released today and sold out within 10 mins? It’s supposedly the lowest mintage ASE ever and is already going for 500-1k on the bay.
Probably not as this is more of a bullion thread versus a collectors thread. Nice score though!
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